Document:

<PAGE>   1

                                                                  Exhibit 4.2(a)

                            WINN-DIXIE STORES, INC.,

                                                            Issuer

                                       and

                              ASTOR PRODUCTS, INC.
                               CRACKIN' GOOD, INC.
                            DEEP SOUTH PRODUCTS, INC.
                               DIXIE PACKERS, INC.
                              MONTEREY CANNING CO.
                           WINN-DIXIE CHARLOTTE, INC.
                           WINN-DIXIE LOGISTICS, INC.
                           WINN-DIXIE LOUISIANA, INC.
                           WINN-DIXIE MONTGOMERY, INC.
                          WINN-DIXIE PROCUREMENT, INC.
                            WINN-DIXIE RALEIGH, INC.,

                                                            Guarantors

                                       to

                            WILMINGTON TRUST COMPANY,

                                                            Trustee

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

                          FIRST SUPPLEMENTAL INDENTURE

                           Dated as of March 29, 2001

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

                                  $300,000,000
                            8 7/8% Senior Notes due 2008

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

             Supplemental to Indenture dated as of December 26, 2000

<PAGE>   2

         FIRST SUPPLEMENTAL INDENTURE, dated as of March 29, 2001 (the "First
Supplemental Indenture"), among WINN-DIXIE STORES, INC., a Florida corporation
(hereinafter called the "Company"), each of the GUARANTORS signatory hereto and
WILMINGTON TRUST COMPANY, as trustee under the Base Indenture referred to below
(hereinafter called the "Trustee").

         WHEREAS, the Company and the Guarantors entered into an Indenture dated
as of December 26, 2000 (the "Base Indenture," all capitalized terms used in
this First Supplemental Indenture and not otherwise defined being used as
defined in the Base Indenture) (Base Indenture and First Supplemental Indenture
are hereinafter collectively called the "Indenture") with the Trustee, for the
purposes of issuing its senior unsecured debentures, notes or other evidences of
indebtedness, unlimited as to principal amount, to bear such rates of interest,
to mature at such time or times, to be issued in one or more series and to have
such other provisions as authorized by or pursuant to the authority granted in
one or more resolutions of the Board of Directors of the Company; and

         WHEREAS, the Company proposes to issue $300,000,000 aggregate principal
amount of its 8 7/8% Senior Notes due 2008 (such securities being referred to
herein as the "Securities"); and

         WHEREAS, Sections 901(2), 901(4), 901(6) and 901(8) of the Base
Indenture provide that without the consent of the Holders of the securities of
any series issued under the Base Indenture, the Company and the Guarantors, when
authorized by a Board Resolution, and the Trustee may enter into one or more
indentures supplemental to the Base Indenture to, among other things (a) add to
the covenants of the Company for the benefit of the Holders of all or any series
of securities, (b) establish the form or terms of securities of any series as
permitted by Sections 201 and 301 thereof, (c) cure any ambiguity, to correct or
supplement any provision in the Base Indenture which may be defective or which
may be inconsistent with any other provision of the Base Indenture, or to make
any other provisions with respect to matters or questions arising under the Base
Indenture which shall not adversely affect the interests of the Holders of the
securities of any series in any material respect and (d) add additional Events
of Default with respect to all or any series of securities; and

         WHEREAS, the entry into this First Supplemental Indenture by the
parties hereto is in all respects authorized by the provisions of the Base
Indenture;

         WHEREAS, each of the Guarantors has duly authorized the issuance of a
guarantee of the Securities, and to provide therefor, each of the Guarantors has
duly authorized the execution and delivery of this First Supplemental Indenture;
and

         WHEREAS, all things necessary have been done to make this First
Supplemental Indenture, when executed and delivered by the Company and the
Guarantors, the legal, valid and binding agreement of the Company and the
Guarantors, in accordance with its terms.

<PAGE>   3

         NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH:

         The parties hereto mutually covenant and agree as follows:

         SECTION 1. The Base Indenture is hereby amended solely with respect to
the Securities, except as otherwise expressly provided herein, as follows:

         (A)   By amending Section 101 to add new definitions thereto in
               appropriate alphabetical sequences, as follows:

               "Acquired Indebtedness" means Indebtedness of a Person (1)
         existing at the time such Person becomes a Restricted Subsidiary or
         (2) assumed in connection with the acquisition of assets from such
         Person, in each case, other than Indebtedness incurred in connection
         with, or in contemplation of, such Person becoming a Restricted
         Subsidiary or such acquisition, as the case may be. Acquired
         Indebtedness shall be deemed to be incurred on the date of the related
         acquisition of assets from any Person or the date the acquired Person
         becomes a Restricted Subsidiary, as the case may be.

               "Adjusted Funded Debt" means on any date of determination an
         amount equal to the sum of (a) Funded Debt plus (b) an amount equal to
         the product of (i) aggregate Consolidated Rental Expense for the four
         most recent fiscal quarters reported by the Company in its public
         filings multiplied by (ii) 8.

              "Asset Sale" means any sale, issuance, conveyance, transfer
         (other than as security), lease or other disposition (including,
         without limitation, by way of merger, consolidation or sale and
         leaseback transaction) (collectively, a "transfer"), directly or
         indirectly, in one or a series of related transactions, of:

         (1)  any Capital Stock of any Restricted Subsidiary;

         (2)  all or substantially all of the properties and assets of any
              division or line of business of the Company or any Restricted
              Subsidiary; or

         (3)  any other properties or assets of the Company or any Restricted
              Subsidiary other than in the ordinary course of business.

              For the purposes of this definition, the term "Asset Sale" shall
         not include any transfer of properties and assets

         (A)  that is governed by the provisions described under Article VIII,

         (B)  that is by the Company to any Restricted Subsidiary, or by any
              Restricted Subsidiary to the Company or any Restricted Subsidiary
              in accordance with the terms of this Indenture,

                                      -2-

<PAGE>   4

          (C)  that would be within the definition of a "Restricted Payment"
               under Section 1015 and would be permitted to be made as a
               Restricted Payment (and shall be deemed a Restricted Payment)
               under such covenant,

          (D)  that constitutes inventory or is, in the reasonable determination
               of the Company, of obsolete or worn-out property or property no
               longer used in the Company's or any Restricted Subsidiary's
               business in the ordinary course of business, or

          (E)  the Fair Market Value of which in the aggregate does not exceed
               $500,000 in any transaction or series of related transactions.

               "Asset Swap" means the exchange by the Company or a Restricted
          Subsidiary of a portion of its property, business or assets, in the
          ordinary course of business, for property, businesses or assets which,
          or Capital Stock of a Person all or substantially all of whose assets,
          are of a type used in the business of the Company on the date of the
          First Supplemental Indenture or in a Permitted Business, or a
          combination of any property, business or assets or Capital Stock of
          such a Person and cash or Cash Equivalents.

               "Average Life to Stated Maturity" means, as of the date of
          determination with respect to any Indebtedness, the quotient obtained
          by dividing (1) the sum of the products of (a) the number of years
          from the date of determination to the date or dates of each successive
          scheduled principal payment of such Indebtedness multiplied by (b) the
          amount of each such principal payment by (2) the sum of all such
          principal payments.

               "Bankruptcy Law" means Title 11, United States Bankruptcy Code of
          1978, or any similar United States federal or state law or foreign law
          relating to bankruptcy, insolvency, receivership, winding up,
          liquidation, reorganization or relief of debtors or any amendment to,
          succession to or change in any such law.

               "Capital Expenditures" means, for any period, purchases of
          property, plant and equipment, net during such period calculated in
          accordance with GAAP in accordance with the manner of calculation of
          purchases of property, plant and equipment, net set forth in the
          Company's Consolidated Statements of Cash Flows in its Annual Report
          on Form 10-K for the fiscal year ended June 28, 2000.

               "Capital Lease Obligation" of any Person means any obligation of
          such Person and its Restricted Subsidiaries on a Consolidated basis
          under any capital lease of (or other agreement conveying the right to
          use) real or personal property which, in accordance with GAAP, is
          required to be recorded as a capitalized lease obligation.

               "Capital Stock" of any Person means any and all shares,
          interests, participations, rights in or other equivalents (however
          designated) of such

                                      -3-

<PAGE>   5

          Person's capital stock, other equity interests whether now outstanding
          or issued after the date of the First Supplemental Indenture,
          partnership interests (whether general or limited), limited liability
          company interests, any other interest or participation that confers on
          a Person that right to receive a share of the profits and losses of,
          or distributions of assets of, the issuing Person, including any
          Preferred Stock, and any rights (other than debt securities
          convertible into Capital Stock), warrants or options exchangeable for
          or convertible into such Capital Stock.

               "Capitalized Lease Liabilities" means, with respect to any
          Person, all monetary obligations of such Person and its Restricted
          Subsidiaries under any leasing or similar arrangement which have been
          (or, in accordance with GAAP, should be) classified as capitalized
          leases, and for purposes of this Indenture the amount of such
          obligations shall be the capitalized amount thereof, determined in
          accordance with GAAP, and the stated maturity thereof shall be the
          date of the last payment of rent or any other amount due under such
          lease prior to the first date upon which such lease may be terminated
          by the lessee without payment of a premium or a penalty.

               "Cash Equivalents" means

               (1)  any evidence of Indebtedness issued or directly and fully
                    guaranteed or insured by the United States or any agency,
                    political subdivision or instrumentality thereof,

               (2)  deposits, certificates of deposit or acceptances of any
                    financial institution that is a member of the Federal
                    Reserve System and whose senior unsecured debt is rated at
                    least "A" by Standard & Poor's, or at least "A2" by Moody's,

               (3)  commercial paper with a maturity of 365 days or less issued
                    by a corporation (other than an Affiliate or Subsidiary of
                    the Company) organized and existing under the laws of the
                    United States of America, any state thereof or the District
                    of Columbia and rated at least "A-1" by Standard & Poor's
                    and at least "P-1" by Moody's,

               (4)  repurchase agreements and reverse repurchase agreements
                    relating to marketable direct obligations issued or
                    unconditionally guaranteed by the United States or issued by
                    any agency thereof and backed by the full faith and credit
                    of the United States maturing within 365 days from the date
                    of acquisition, and

               (5)  money market funds which invest substantially all of their
                    assets in securities described in the preceding clauses (1)
                    through (4).

               "Change of Control" means the occurrence of any of the following
          events:

                                      -4-

<PAGE>   6

               (1)  any "person" or "group" (as such terms are used in Sections
                    13(d) and 14(d) of the Exchange Act) is or becomes the
                    "beneficial owner" (as defined in Rules 13d-3 and 13d-5
                    under the Exchange Act, except that a Person shall be deemed
                    to have beneficial ownership of all shares that such Person
                    has the right to acquire, whether such right is exercisable
                    immediately or only after the passage of time), other than
                    Permitted Holders, directly or indirectly, of more (x) than
                    35% of the total outstanding Voting Stock of the Company and
                    (y) Voting Stock than the Permitted Holders;

               (2)  during any period of two consecutive years, individuals who
                    at the beginning of such period constituted the Board of
                    Directors of the Company (together with any new directors
                    whose election to such board or whose nomination for
                    election by the stockholders of the Company was approved by
                    a vote of 66 2/3% of the directors then still in office who
                    were either directors at the beginning of such period or
                    whose election or nomination for election was previously so
                    approved), cease for any reason to constitute a majority of
                    such Board of Directors then in office;

               (3)  the Company consolidates with or merges with or into any
                    Person or sells, assigns, conveys, transfers, leases or
                    otherwise disposes of all or substantially all of its assets
                    to any Person, or any Person consolidates with or merges
                    into or with the Company, in any such event pursuant to a
                    transaction in which the outstanding Voting Stock of the
                    Company is converted into or exchanged for cash, securities
                    or other property, other than any such transaction where

                    (A)  the outstanding Voting Stock of the Company is changed
                         into or exchanged for (1) Voting Stock of the surviving
                         corporation which is not Redeemable Capital Stock or
                         (2) cash, securities and other property (other than
                         Capital Stock of the surviving corporation) in an
                         amount which could be paid by the Company as a
                         Restricted Payment as described under Section 1015 (and
                         such amount shall be treated as a Restricted Payment
                         subject to the provisions in this Indenture described
                         under Section 1015) and

                    (B)  immediately after such transaction, no "person" or
                         "group" other than Permitted Holders, is the beneficial
                         owner (as defined in Rules 13d-3 and 13d-5 under the
                         Exchange Act, except that a person shall be deemed to
                         have beneficial ownership of all securities that such
                         person has the right to acquire, whether such right is
                         exercisable immediately or only after the passage of
                         time), directly or indirectly, of

                                      -5-

<PAGE>   7

                         more (x) than 35% of the total outstanding Voting Stock
                         of the surviving corporation and (y) Voting Stock of
                         the surviving corporation than the Permitted Holders;
                         and

                    (C)  the stockholders of the Company prior to such
                         transaction beneficially own a majority of the Voting
                         Stock of the surviving entity after such transaction;
                         or

               (4)  the Company is liquidated or dissolved or adopts a plan of
                    liquidation or dissolution other than in a transaction which
                    complies with the provisions described under Article VIII.

          For purposes of this definition, any transfer of an equity interest of
          an entity that was formed for the purpose of acquiring voting stock of
          the Company will be deemed to be a transfer of such portion of such
          voting stock as corresponds to the portion of the equity of such
          entity that has been so transferred.

               "Change of Control Event" means the occurrence of a Change of
          Control and a Rating Decline.

               "Commodity Price Protection Agreement" means any forward
          contract, commodity swap, commodity option or other similar financial
          agreement or arrangement relating to, or the value of which is
          dependent upon, fluctuations in commodity prices.

               "Consolidated Fixed Charge Coverage Ratio" of any Person means,
          for any period, the ratio of

               (a)  the sum of Consolidated Net Income (Loss), and in each case
                    to the extent deducted in computing Consolidated Net Income
                    (Loss) for such period, Consolidated Interest Expense,
                    Consolidated Income Tax Expense, Consolidated Non-cash
                    Charges and non-cash non-recurring charges resulting from
                    the Restructuring and other non-recurring charges as
                    reported or disclosed prior to the date of the First
                    Supplemental Indenture and one-third of Consolidated Rental
                    Expense for such period, of such Person and its Restricted
                    Subsidiaries on a Consolidated basis, all determined in
                    accordance with GAAP, less all noncash items increasing
                    Consolidated Net Income for such period and less all cash
                    payments during such period relating to Consolidated
                    Non-cash Charges (other than in respect of the Restructuring
                    and other non-recurring charges as reported or disclosed
                    prior to the date of the First Supplemental Indenture) that
                    were added back to Consolidated Net Income in determining
                    the Consolidated Fixed Charge Coverage Ratio in any prior
                    period to

                                      -6-

<PAGE>   8

               (b)  the sum of Consolidated Interest Expense for such period,
                    one-third of Consolidated Rental Expense and cash and
                    noncash dividends paid on any Redeemable Capital Stock or
                    Preferred Stock of such Person and its Restricted
                    Subsidiaries during such period,

          in each case after giving pro forma effect (as calculated in
          accordance with Article 11 of Regulation S-X under the Securities Act
          of 1933 or any successor provision) to

               (1)  the incurrence of the Indebtedness giving rise to the need
                    to make such calculation and (if applicable) the application
                    of the net proceeds therefrom, including to refinance other
                    Indebtedness, as if such Indebtedness was incurred, and the
                    application of such proceeds occurred, on the first day of
                    such period;

               (2)  the incurrence, repayment or retirement of any other
                    Indebtedness by the Company and its Restricted Subsidiaries
                    since the first day of such period as if such Indebtedness
                    was incurred, repaid or retired at the beginning of such
                    period (except that, in making such computation, the amount
                    of Indebtedness under any revolving credit facility shall be
                    computed based upon the average daily balance of such
                    Indebtedness during such period);

               (3)  in the case of Acquired Indebtedness or any acquisition
                    occurring at the time of the incurrence of such
                    Indebtedness, the related acquisition, assuming such
                    acquisition had been consummated on the first day of such
                    period; and

               (4)  any acquisition or disposition by the Company and its
                    Restricted Subsidiaries of any company or any business or
                    any assets out of the ordinary course of business, whether
                    by merger, stock purchase or sale or asset purchase or sale,
                    or any related repayment of Indebtedness, in each case since
                    the first day of such period, assuming such acquisition or
                    disposition had been consummated on the first day of such
                    period;

          provided that

               (1)  in making such computation, the Consolidated Interest
                    Expense attributable to interest on any Indebtedness
                    computed on a pro forma basis and (A) bearing a floating
                    interest rate shall be computed as if the rate in effect on
                    the date of computation had been the applicable rate for the
                    entire period and (B) which was not outstanding during the
                    period for which the computation is being made but which
                    bears, at the option of such Person, a fixed or

                                      -7-

<PAGE>   9

                    floating rate of interest, shall be computed by applying at
                    the option of such Person either the fixed or floating rate
                    and

               (2)  in making such computation, the Consolidated Interest
                    Expense of such Person attributable to interest on any
                    Indebtedness under a revolving credit facility computed on a
                    pro forma basis shall be computed based upon the average
                    daily balance of such Indebtedness during the applicable
                    period.

               "Consolidated Income Tax Expense" of any Person means, for any
          period, the provision for federal, state, local and foreign income
          taxes of such Person and its Consolidated Restricted Subsidiaries for
          such period as determined in accordance with GAAP.

               "Consolidated Interest Expense" of any Person means, for any
          period, the sum of (a) the aggregate interest expense in accordance
          with GAAP, net of interest income received during such period, of such
          Person and its Restricted Subsidiaries of the Person and its
          Restricted Subsidiaries, including the portion of any payments made in
          respect of Capitalized Lease Liabilities allocable to interest
          expense, plus, (b) for purposes of calculating the Consolidated Fixed
          Charge Coverage Ratio, the interest expense under any Guaranteed Debt
          of such Person and any Restricted Subsidiary to the extent not
          included under clause (a) above, whether or not paid by such Person or
          its Restricted Subsidiaries.

               "Consolidated Net Income (Loss)" of any Person means, for any
          period, the Consolidated net income (or loss) of such Person and its
          Restricted Subsidiaries for such period on a Consolidated basis as
          determined in accordance with GAAP, adjusted, to the extent included
          in calculating such net income (or loss), by excluding, without
          duplication,

               (1)  all extraordinary gains or losses net of taxes (less all
                    fees and expenses relating thereto),

               (2)  the portion of net income (or loss) of such Person and its
                    Restricted Subsidiaries on a Consolidated basis allocable to
                    minority interests in unconsolidated Persons or Unrestricted
                    Subsidiaries to the extent that cash dividends or
                    distributions have not actually been received by such Person
                    or one of its Consolidated Restricted Subsidiaries,

               (3)  net income (or loss) of any Person combined with such Person
                    or any of its Restricted Subsidiaries on a "pooling of
                    interests" basis attributable to any period prior to the
                    date of combination,

               (4)  any gain or loss, net of taxes, realized upon the
                    termination of any employee pension benefit plan,

                                      -8-

<PAGE>   10

               (5)  gains or losses, net of taxes (less all fees and expenses
                    relating thereto), in respect of dispositions of assets
                    other than in the ordinary course of business,

               (6)  the net income of any non-Guarantor Restricted Subsidiary to
                    the extent that the declaration of dividends or similar
                    distributions by that Restricted Subsidiary of that income
                    is not at the time permitted, directly or indirectly, by
                    operation of the terms of its charter or any agreement,
                    instrument, judgment, decree, order, statute, rule or
                    governmental regulation applicable to that Restricted
                    Subsidiary or its stockholders,

               (7)  any restoration to net income of any contingency reserve
                    (other than the reserves created prior to the date of the
                    First Supplemental Indenture related to company owned life
                    insurance tax issues and related interest and closed
                    stores), except to the extent provision for such reserve was
                    made out of income accrued at any time following the date of
                    the First Supplemental Indenture, or

               (8)  any net gain arising from the acquisition of any securities
                    or extinguishment, under GAAP, of any Indebtedness of such
                    Person;

          provided that clauses (1) (with respect to extraordinary losses), (2),
          (3), (4), (5), (6), (7) and (8) shall not apply in connection with the
          calculation of EBITDA and EBITDAR.

               "Consolidated Non-cash Charges" of any Person means, for any
          period, the aggregate depreciation, amortization and other non-cash
          charges of such Person and its Restricted Subsidiaries on a
          Consolidated basis for such period, as determined in accordance with
          GAAP (excluding any non-cash charge which requires an accrual or
          reserve for cash charges for any future period).

               "Consolidated Rental Expense" or "Consolidated Rental Payments"
          of any Person means, for any period, all payments made or required to
          be made by the Company or any of its Restricted Subsidiaries, as
          lessee or sublessee under any operating lease of real or personal
          property as rental payments and contingent rentals under operating
          leases, in each case, as calculated in accordance with GAAP in the
          manner set forth in the footnotes to the Company's Annual Report on
          Form 10-K for the fiscal year ended June 28, 2000.

               "Consolidated Tangible Net Worth" of any Person means, at any
          time, for such Person and its Restricted Subsidiaries on a
          consolidated basis, an amount computed equal to (a) the consolidated
          stockholders' equity of the Person and its Restricted Subsidiaries,
          minus, (b) all Intangible Assets of the Person and its Restricted
          Subsidiaries, in each case as of such time. For the purposes hereof,
          "Intangible Assets" means intellectual property, goodwill and other
          intangible

                                      -9-

<PAGE>   11

          assets, in each case determined in accordance with GAAP.

               "Consolidation" means, with respect to any Person, the
          consolidation of the accounts of such Person and each of its
          subsidiaries if and to the extent the accounts of such Person and each
          of its Subsidiaries would normally be consolidated with those of such
          Person, all in accordance with GAAP. The term "Consolidated" shall
          have a similar meaning.

               "Contingent Liability" means any agreement, undertaking or
          arrangement by which any Person guarantees, endorses or otherwise
          becomes or is contingently liable upon (by direct or indirect
          agreement, contingent or otherwise, to provide funds for payment, to
          supply funds to, or otherwise to invest in, a debtor, or otherwise to
          assure a creditor against loss) the Indebtedness of any other Person
          (other than by endorsements of instruments in the course of
          collection), or guarantees the payment of dividends or other
          distributions upon the Capital Stock of any other Person. The amount
          of any Person's obligation under any Contingent Liability shall
          (subject to any limitation set forth therein) be deemed to be
          outstanding principal amount of the debt, obligation or other
          liability guaranteed thereby.

               "Credit Facility" means the $800 million Credit Facility to be
          entered into among the Company, its subsidiaries which are guarantors
          thereof, First Union National Bank as a lender and Administrative
          Agent, Merrill Lynch Capital Corporation as a lender and Syndication
          Agent and the other lenders party thereto, as such agreement, in whole
          or in part, may be amended, renewed, extended, substituted,
          refinanced, restructured, replaced, supplemented or otherwise modified
          from time to time (including, without limitation, any successive
          renewals, extensions, substitutions, refinancings, restructurings,
          replacements, supplementations or other modifications in whole or in
          part of the foregoing).

               "Currency Hedging Agreements" means one or more of the following
          agreements which shall be entered into by one or more financial
          institutions: foreign exchange contracts, currency swap agreements or
          other similar agreements or arrangements designed to protect against
          the fluctuations in currency values.

               "Default" means any event which is, or after notice or passage of
          time or both would be, an Event of Default.

               "Designated Noncash Consideration" means the fair market value of
          non-cash consideration received by the Company or any of its
          Restricted Subsidiaries in connection with an Asset Sale that is so
          designated pursuant to an Officers' Certificate, setting forth the
          basis of the valuation.

               "Disinterested Director" means, with respect to any transaction
          or series of related transactions, a member of the Board of Directors
          of the Company who does not have any material direct or indirect
          financial interest in or with respect to

                                      -10-

<PAGE>   12

          such transaction or series of related transactions.

               "EBITDA" means the sum of Consolidated Net Income (Loss), and in
          each case to the extent deducted in computing Consolidated Net Income
          (Loss) for such period, Consolidated Interest Expense (including
          interest expense with respect to the COLI judgment), Consolidated
          Income Tax Expense, amortization, depreciation and non-cash
          non-recurring charges resulting from the Restructuring and other
          non-recurring charges resulting from an inventory write down in an
          amount not to exceed $8,900,000 as reported or disclosed prior to the
          date of the First Supplemental Indenture for such period, of such
          Person and its Restricted Subsidiaries on a Consolidated basis, all
          determined in accordance with GAAP.

               "EBITDAR" means the sum of EBITDA plus the Consolidated Rental
          Expense for such period, of such Person and its Restricted
          Subsidiaries on a Consolidated basis.

               "Exchange Act" means the Securities Exchange Act of 1934, or any
          successor statute, and the rules and regulations promulgated by the
          Commission thereunder.

               "Fair Market Value" means, with respect to any asset or property,
          the sale value that would be obtained in an arm's-length free market
          transaction between an informed and willing seller under no compulsion
          to sell and an informed and willing buyer under no compulsion to buy.
          Fair Market Value shall be determined by the Board of Directors of the
          Company acting in good faith and shall be evidenced by a resolution of
          the Board of Directors.

               "Fall Away Event" means the Securities shall have achieved
          Investment Grade status and the Company delivers to the Trustee an
          Officers' Certificate certifying that the foregoing conditions have
          been satisfied.

               "Funded Debt" means on any date, the outstanding principal amount
          of all indebtedness of the Company and its Restricted Subsidiaries
          described in clauses (1), (3), (6) and (9) of the definition of
          Indebtedness (in each case, exclusive of intercompany Indebtedness)
          and the amount of any Contingent Liability of the Company or any of
          its Restricted Subsidiaries in respect of any of the foregoing types
          of Indebtedness.

               "Guarantee" means the guarantee by any Guarantor of the Company's
          Indenture Obligations.

               "Guaranteed Debt" of any Person means, without duplication, all
          Indebtedness of any other Person referred to in the definition of
          Indebtedness below guaranteed directly or indirectly in any manner by
          such Person, or in effect guaranteed directly or indirectly by such
          Person through an agreement

               (1)  to pay or purchase such Indebtedness or to advance or supply
                    funds

                                      -11-

<PAGE>   13

                    for the payment or purchase of such Indebtedness,

               (2)  to purchase, sell or lease (as lessee or lessor) property,
                    or to purchase or sell services, primarily for the purpose
                    of enabling the debtor to make payment of such Indebtedness
                    or to assure the holder of such Indebtedness against loss,

               (3)  to supply funds to, or in any other manner invest in, the
                    debtor (including any agreement to pay for property or
                    services without requiring that such property be received or
                    such services be rendered),

               (4)  to maintain working capital or equity capital of the debtor,
                    or otherwise to maintain the net worth, solvency or other
                    financial condition of the debtor or to cause such debtor to
                    achieve certain levels of financial performance, or

               (5)  otherwise to assure a creditor against loss;

          provided that the term "guarantee" shall not include endorsements for
          collection or deposit, in either case in the ordinary course of
          business.

               "Indebtedness" means, with respect to any Person, without
          duplication,

               (1)  all indebtedness of such Person for borrowed money
                    including, without limitation, all obligations, contingent
                    or otherwise, of such Person in connection with any letters
                    of credit issued under letter of credit facilities,
                    acceptance facilities or other similar facilities,

               (2)  all indebtedness of such Person for the deferred purchase
                    price of property or services, in either case, excluding any
                    trade payables and other accrued current liabilities arising
                    in the ordinary course of business,

               (3)  all obligations of such Person evidenced by bonds, notes,
                    debentures or other similar instruments,

               (4)  all indebtedness created or arising under any conditional
                    sale or other title retention agreement with respect to
                    property acquired by such Person (even if the rights and
                    remedies of the seller or lender under such agreement in the
                    event of default are limited to repossession or sale of such
                    property), but excluding trade payables arising in the
                    ordinary course of business,

               (5)  all obligations under Interest Rate Agreements, Currency
                    Hedging Agreements or Commodity Price Protection Agreements
                    of such Person,

                                      -12-

<PAGE>   14

               (6)  all Capital Lease Obligations of such Person,

               (7)  all Indebtedness referred to in clauses (1) through (6)
                    above of other Persons and all dividends of other Persons,
                    the payment of which is secured by (or for which the holder
                    of such Indebtedness has an existing right, contingent or
                    otherwise, to be secured by) any Lien, upon or with respect
                    to property (including, without limitation, accounts and
                    contract rights) owned by such Person, even though such
                    Person has not assumed or become liable for the payment of
                    such Indebtedness,

               (8)  all Guaranteed Debt of such Person,

               (9)  all Redeemable Capital Stock issued by such Person valued at
                    the greater of its voluntary or involuntary maximum fixed
                    repurchase price plus accrued and unpaid dividends,

               (10) Preferred Stock of any Restricted Subsidiary of the Company
                    or any Guarantor, and

               (11) any renewal, extension, refunding or refinancing of any
                    liability of the types referred to in clauses (1) through
                    (10) above which results in a liability or obligation of the
                    type referred to in items (1) through (10) above.

          For purposes hereof, the "maximum fixed repurchase price" of any
          Redeemable Capital Stock which does not have a fixed repurchase price
          shall be calculated in accordance with the terms of such Redeemable
          Capital Stock as if such Redeemable Capital Stock were purchased on
          any date on which Indebtedness shall be required to be determined
          pursuant to this Indenture, and if such price is based upon, or
          measured by, the Fair Market Value of such Redeemable Capital Stock,
          such Fair Market Value to be determined in good faith by the Board of
          Directors of the issuer of such Redeemable Capital Stock.

               "Indenture Obligations" means the obligations of the Company and
          any other obligor under this Indenture or under the Securities,
          including any Guarantor, to pay principal of, premium, if any, and
          interest when due and payable, and all other amounts due or to become
          due under or in connection with this Indenture, the Securities and the
          performance of all other obligations to the Trustee and the holders
          under this Indenture and the Securities, according to the respective
          terms thereof.

               "Interest Rate Agreements" means one or more of the following
          agreements which shall be entered into by one or more financial
          institutions: interest rate protection agreements (including, without
          limitation, interest rate swaps, caps, floors, collars and similar
          agreements) and/or other types of interest

                                      -13-

<PAGE>   15

          rate hedging agreements from time to time.

               "Investment" means, with respect to any Person, directly or
          indirectly, any advance, loan (including guarantees), or other
          extension of credit or capital contribution to (by means of any
          transfer of cash or other property to others or any payment for
          property or services for the account or use of others), or any
          purchase, acquisition or ownership by such Person of any Capital
          Stock, bonds, notes, debentures or other securities issued or owned by
          any other Person and all other items that would be classified as
          investments on a balance sheet prepared in accordance with GAAP;
          provided that Investment shall not include any accounts receivable in
          the ordinary course of business.

               "Investment Grade" means, with respect to the Securities, a
          credit rating of at least Baa3 (or the equivalent) by Moody's,
          together with a rating of at least BBB- (or the equivalent) by
          Standard & Poor's; provided that neither of such rating or entities
          shall have announced a negative or similar outlook or announced or
          informed the Company that it is reviewing the rating of the Securities
          in light of downgrading the rating thereof.

               "Issue Date" means the original issue date of the Securities
          under this Indenture.

               "Moody's" means Moody's Investors Service, Inc. and its
          successors.

               "Net Cash Proceeds" means

               (a)  with respect to any Asset Sale by any Person, the proceeds
                    thereof (without duplication in respect of all Asset Sales)
                    in the form of cash, Cash Equivalents including payments in
                    respect of deferred payment obligations when received in the
                    form of, or stock or other assets when disposed of, for
                    cash, Cash Equivalents (except to the extent that such
                    obligations are financed or sold with recourse to the
                    Company or any Restricted Subsidiary) net of

                    (1)  brokerage commissions and other fees and expenses
                         (including fees and expenses of counsel and investment
                         bankers) related to such Asset Sale,

                    (2)  provisions for all taxes payable as a result of such
                         Asset Sale,

                    (3)  payments made to retire Indebtedness where payment of
                         such Indebtedness is secured by the assets or
                         properties the subject of such Asset Sale,

                    (4)  amounts required to be paid to any Person (other than
                         the Company or any Restricted Subsidiary) owning a
                         beneficial

                                      -14-

<PAGE>   16

                         interest in the assets subject to the Asset Sale, and

                    (5)  appropriate amounts to be provided by the Company or
                         any Restricted Subsidiary, as the case may be, as a
                         reserve, in accordance with GAAP, against any
                         liabilities associated with such Asset Sale and
                         retained by the Company or any Restricted Subsidiary,
                         as the case may be, after such Asset Sale, including,
                         without limitation, pension and other post-employment
                         benefit liabilities, liabilities related to
                         environmental matters and liabilities under any
                         indemnification obligations associated with such Asset
                         Sale, all as reflected in an Officers' Certificate
                         delivered to the Trustee, and

               (b)  with respect to any issuance or sale of Capital Stock or
                    options, warrants or rights to purchase Capital Stock, or
                    debt securities or Capital Stock that have been converted
                    into or exchanged for Capital Stock as referred to under
                    Section 1015, the proceeds of such issuance or sale in the
                    form of cash, Cash Equivalents including payments in respect
                    of deferred payment obligations when received in the form
                    of, or stock or other assets when disposed of for, cash,
                    Cash Equivalents (except to the extent that such obligations
                    are financed or sold with recourse to the Company or any
                    Restricted Subsidiary) and including the amount of
                    compensation expense associated with the issuance, net of
                    attorneys' fees, accountants' fees and brokerage,
                    consultation, underwriting and other fees and expenses
                    actually incurred in connection with such issuance or sale
                    and net of taxes paid or payable as a result thereof.

               "Pari Passu Indebtedness" means (a) any Indebtedness of the
          Company that is equal in right of payment to the Securities and (b)
          with respect to any Guarantee, Indebtedness which ranks equal in right
          of payment to such Guarantee.

               "Permitted Business" means the lines of business conducted by the
          Company and its Restricted Subsidiaries on the date of the First
          Supplemental Indenture and businesses reasonably related,
          complimentary or ancillary thereto, including reasonably related
          extensions or expansions thereof.

               "Permitted Holders" means any of A. Dano Davis, Robert D. Davis,
          T. Wayne Davis and Charles P. Stephens and any trusts, estates,
          corporations and other entities controlled by, or for the benefit of,
          any of the foregoing or their family members.

                                      -15-

<PAGE>   17

               "Permitted Investment" means

               (1)  Investments in any Restricted Subsidiary or any Person
                    which, as a result of such Investment, (a) becomes a
                    Restricted Subsidiary or (b) is merged or consolidated with
                    or into, or transfers or conveys substantially all of its
                    assets to, or is liquidated into, the Company or any
                    Restricted Subsidiary;

               (2)  Indebtedness of the Company or a Restricted Subsidiary
                    described under clauses (4), (5), (6) and (7) of the
                    definition of "Permitted Indebtedness;"

               (3)  Investments in any of the Securities;

               (4)  Cash Equivalents;

               (5)  Investments acquired by the Company or any Restricted
                    Subsidiary in connection with an Asset Sale permitted under
                    Section 1017 to the extent such Investments are non-cash
                    proceeds as permitted under such covenant or non-cash
                    proceeds from a sale of assets which is not considered an
                    Asset Sale;

               (6)  Investments in existence on the date of the First
                    Supplemental Indenture; and

               (7)  other Investments in an amount not to exceed $25 million in
                    aggregate.

          In connection with any assets or property contributed or transferred
          to any Person as an Investment, such property and assets shall be
          equal to the Fair Market Value (as determined by the Company's Board
          of Directors) at the time of Investment.

               "Permitted Lien" means:

               (a)  any Lien existing as of the date of the First Supplemental
                    Indenture;

               (b)  any Lien securing the Credit Facility incurred pursuant to
                    clause (1) of the definition of Permitted Indebtedness;

               (c)  any Lien securing the Securities;

               (d)  any Lien securing intercompany debt to the Company or a
                    Guarantor;

               (e)  any Lien arising by reason of

                    (1)  any judgment, decree or order of any court, so long as
                         such

                                      -16-

<PAGE>   18

                         Lien is adequately bonded and any appropriate legal
                         proceedings which may have been duly initiated for the
                         review of such judgment, decree or order shall not have
                         been finally terminated or the period within which such
                         proceedings may be initiated shall not have expired;

                    (2)  taxes, governmental assessments or similar governmental
                         charges or levies not yet due or delinquent or which
                         are being contested by the Company in good faith and by
                         appropriate action;

                    (3)  security for payment of workers' compensation,
                         unemployment insurance and other governmental insurance
                         or benefits and under other insurance arrangements;

                    (4)  good faith deposits in connection with bids, tenders,
                         statutory obligations, leases, contracts (other than
                         contracts for the payment of money);

                    (5)  zoning restrictions, easements, licenses, concession
                         arrangements, reservations, title defects, rights of
                         others for rights of way, utilities, sewers, electric
                         lines, telephone or telegraph lines, and other similar
                         purposes, provisions, covenants, conditions, waivers,
                         restrictions on the use of property or minor
                         irregularities of title (and with respect to leasehold
                         interests, mortgages, obligations, liens and other
                         encumbrances incurred, created, assumed or permitted to
                         exist and arising by, through or under a landlord or
                         owner of the leased property, with or without consent
                         of the lessee), none of which materially impairs the
                         use of any parcel of property material to the operation
                         of the business of the Company or any Subsidiary or the
                         value of such property for the purpose of such
                         business;

                    (6)  in favor of governmental bodies to secure advance or
                         progress payments pursuant to any contact or statute
                         and Liens in favor of governmental bodies incurred in
                         connection with industrial revenue, pollution control,
                         private activity bond or similar financing; or

                    (7)  in favor of mechanics, carriers, warehousemen,
                         landlords, lessors of personal property, materialmen,
                         laborers, employees or suppliers, granted, incurred or
                         arising in the ordinary course of business or as a
                         matter of law for amounts which are not yet delinquent
                         or are being contested by the Company in good faith by
                         negotiations or by

                                      -17-

<PAGE>   19

                         appropriate proceedings which suspend the collection
                         thereof;

                    (f)  any Lien securing Acquired Indebtedness created prior
                         to (and not created in connection with, or in
                         contemplation of) the incurrence of such Indebtedness
                         by the Company or any Restricted Subsidiary, provided
                         that the Lien shall attach only to the assets of the
                         related acquired entity and its Restricted Subsidiaries
                         and not assets of the Company and its Restricted
                         Subsidiaries generally;

                    (g)  any Lien to secure the performance bids, trade
                         contracts, leases (including, without limitation,
                         statutory and common law landlord's liens), statutory
                         obligations, surety, stay, customs, performance and
                         appeal bonds, letters of credit and other obligations
                         of a like nature and incurred in the ordinary course of
                         business of the Company or any Restricted Subsidiary;

                    (h)  any Lien securing Indebtedness permitted to be incurred
                         under Interest Rate Agreements, Currency Hedging
                         Agreements or Commodity Price Protection Agreements or
                         otherwise incurred to hedge interest rate, currency or
                         commodity pricing risk;

                    (i)  any Lien securing Capital Lease Obligations or Purchase
                         Money Obligations incurred in accordance with the
                         Indenture (including clause (8) of the definition of
                         Permitted Indebtedness) and which are incurred or
                         assumed solely in connection with the acquisition,
                         development or construction of real or personal,
                         moveable or immovable property within 180 days of such
                         incurrence or assumption; provided that such Liens only
                         extend to such acquired, developed or constructed
                         property, such Liens secure Indebtedness in an amount
                         not in excess of the original purchase price or the
                         original cost of any such assets or repair, addition or
                         improvement thereto, and the incurrence of such
                         Indebtedness is permitted by the "Limitation on
                         Indebtedness" covenant

                    (j)  other Liens securing Indebtedness in an aggregate
                         amount not to exceed the greater of (x) $20 million and
                         (y) 5% of Company's Consolidated Tangible Net Worth;

                    (k)  any Lien constituting a property interest of a lessee,
                         concessionaire or licensee of the Company or any
                         Restricted Subsidiary in property leased or occupied by
                         such Person; and

                    (l)  any extension, renewal, refinancing or replacement, in
                         whole or in part, of any Lien described in the
                         foregoing clauses (a) through (k) or the related
                         Indebtedness so long as no additional collateral is

                                      -18-

<PAGE>   20

                         granted as security thereby.

               "Preferred Stock" means, with respect to any Person, any Capital
          Stock of any class or classes (however designated) which is preferred
          as to the payment of dividends or distributions, or as to the
          distribution of assets upon any voluntary or involuntary liquidation
          or dissolution of such Person, over the Capital Stock of any other
          class in such Person.

               "Public Equity Offering" means an underwritten public offering of
          common stock (other than Redeemable Capital Stock) of the Company to
          the public generally with gross proceeds to the Company of at least
          $50 million pursuant to a registration statement that has been
          declared effective by the Commission pursuant to the Securities Act
          (other than a registration statement on Form S-4 (or any successor
          form covering substantially the same transactions), Form S-8 (or any
          successor form covering securities issued in acquisitions or
          substantially for the same type of transactions) or otherwise relating
          to equity securities issuable under any employee benefit plan of the
          Company).

               "Purchase Money Obligation" means any Indebtedness secured by a
          Lien on assets related to the business of the Company and any
          additions and accessions thereto, which are purchased by the Company
          at any time after the Securities are issued; provided that

               (1)  the security agreement or conditional sales or other title
                    retention contract pursuant to which the Lien on such assets
                    is created (collectively a "Purchase Money Security
                    Agreement") shall be entered into within 180 days after the
                    purchase or substantial completion of the construction of
                    such assets and shall at all times be confined solely to the
                    assets so purchased or acquired, any additions and
                    accessions thereto and any proceeds therefrom,

               (2)  at no time shall the aggregate principal amount of the
                    outstanding Indebtedness secured thereby be increased,
                    except in connection with the purchase of additions and
                    accessions thereto and except in respect of fees and other
                    obligations in respect of such Indebtedness, and

               (3)  (A) the aggregate outstanding principal amount of
                    Indebtedness secured thereby (determined on a per asset
                    basis in the case of any additions and accessions) shall not
                    at the time such Purchase Money Security Agreement is
                    entered into exceed 100% of the purchase price to the
                    Company of the assets subject thereto or (B) the
                    Indebtedness secured thereby shall be with recourse solely
                    to the assets so purchased or acquired, any additions and
                    accessions thereto and any proceeds therefrom.

                                      -19-

<PAGE>   21

               "Qualified Capital Stock" of any Person means any and all Capital
          Stock of such Person other than Redeemable Capital Stock.

               "Rating Date" means the date which is 30 days prior to public
          notice of an arrangement which could result in a Change of Control.

               "Rating Decline" means the occurrence on any date from the date
          of the public notice of an arrangement which could result in a Change
          of Control until the end of the 90-day period following public notice
          of the occurrence of a Change of Control (which period shall be
          extended so long as the rating of the Securities is under publicly
          announced consideration for possible downgrade by either Standard &
          Poor's or Moody's) of

               (1)  a decline in the rating of the Securities by either Standard
                    & Poor's or Moody's by at least one notch in the gradation
                    of the rating scale (i.e., + or - for Standard & Poor's or
                    1, 2 and 3 for Moody's) from their respective ratings of the
                    Securities on any date from the Rating Date to the date of
                    the notice to Standard & Poor's or Moody's of an arrangement
                    which could result in a Change of Control; or

               (2)  withdrawal by either Standard & Poor's or Moody's of their
                    respective ratings of the Securities.

               "Redeemable Capital Stock" means any Capital Stock that, either
          by its terms or by the terms of any security into which it is
          convertible or exchangeable or otherwise, is or upon the happening of
          an event or passage of time would be, required to be redeemed prior to
          the final Stated Maturity of the principal of the Securities or is
          redeemable at the option of the holder thereof at any time prior to
          such final Stated Maturity (other than upon a change of control of or
          sale of assets by the Company in circumstances where the holders of
          the Securities would have similar rights), or is convertible into or
          exchangeable for debt securities at any time prior to such final
          Stated Maturity at the option of the holder thereof.

               "Securities Act" means the Securities Act of 1933, or any
          successor statute, and the rules and regulations promulgated by the
          Commission thereunder.

               "Standard & Poor's" means Standard & Poor's Ratings Group a
          division of McGraw Hill, Inc. and its successors.

               "Subordinated Indebtedness" means Indebtedness of the Company or
          a Guarantor subordinated in right of payment to the Securities or a
          Guarantee, as the case may be.

               "Tangible Net Worth" of any Person means the Consolidated
          stockholder's equity of such Person and its Restricted Subsidiaries
          less the Consolidated intangible assets of such Person and its
          Restricted Subsidiaries.

                                      -20-

<PAGE>   22

               "Unrestricted Subsidiary" means any Subsidiary of the Company
          (other than a Guarantor) designated as such pursuant to and in
          compliance with the covenant described under Section 1021.

               "Unrestricted Subsidiary Indebtedness" of any Unrestricted
          Subsidiary means Indebtedness of such Unrestricted Subsidiary

               (1)  as to which neither the Company nor any Restricted
                    Subsidiary is directly or indirectly liable (by virtue of
                    the Company or any such Restricted Subsidiary being the
                    primary obligor on, guarantor of, or otherwise liable in any
                    respect to, such Indebtedness), except Guaranteed Debt of
                    the Company or any Restricted Subsidiary to any Affiliate,
                    in which case (unless the incurrence of such Guaranteed Debt
                    resulted in a Restricted Payment at the time of incurrence)
                    the Company shall be deemed to have made a Restricted
                    Payment equal to the principal amount of any such
                    Indebtedness to the extent guaranteed at the time such
                    Affiliate is designated an Unrestricted Subsidiary, and

               (2)  which, upon the occurrence of a default with respect
                    thereto, does not result in, or permit any holder of any
                    Indebtedness of the Company or any Subsidiary to declare, a
                    default on such Indebtedness of the Company or any
                    Subsidiary or cause the payment thereof to be accelerated or
                    payable prior to its Stated Maturity; provided that
                    notwithstanding the foregoing any Unrestricted Subsidiary
                    may guarantee the Securities.

               "Wholly Owned Restricted Subsidiary" means a Restricted
          Subsidiary all the Capital Stock of which is owned by the Company or
          another Wholly Owned Restricted Subsidiary.

          (B)  By amending Section 101 to replace in whole the following
               definitions thereto with the corresponding existing definitions,
               so that in the event of a conflict with the definition of terms
               in this Indenture, the following definitions shall control:

               "Affiliate" means, with respect to any specified Person: (1) any
          other Person directly or indirectly controlling or controlled by or
          under direct or indirect common control with such specified Person;
          (2) any other Person that owns, directly or indirectly, 10% or more of
          any class or series of such specified Person's (or any of such
          Person's direct or indirect parent's) Capital Stock or any officer or
          director of any such specified Person or other Person or, with respect
          to any natural Person, any person having a relationship with such
          Person by blood, marriage or adoption not more remote than first
          cousin; or (3) any other Person 10% or more of the Voting Stock of
          which is beneficially owned or held directly

                                      -21-

<PAGE>   23

          or indirectly by such specified Person. For the purposes of this
          definition, "control" when used with respect to any specified Person
          means the power to direct the management and policies of such Person,
          directly or indirectly, whether through ownership of voting
          securities, by contract or otherwise; and the terms "controlling" and
          "controlled" have meanings correlative to the foregoing.

               "Generally Accepted Accounting Principles" or "GAAP" means
          generally accepted accounting principles in the United States,
          consistently applied, which were applied in connection with the
          preparation of the financial statements of the Company and its
          Restricted Subsidiaries as contained in the Company's annual report on
          Form 10-K for the fiscal year ended June 28, 2000.

               "Guarantor" means any Subsidiary which is a guarantor of the
          Securities, including any Person that is required after the date of
          the First Supplemental Indenture to execute a guarantee of the
          Securities pursuant to Section 1018 until a successor replaces such
          party pursuant to the applicable provisions of this Indenture and,
          thereafter, shall mean such successor.

               "Lien" means any mortgage or deed of trust, charge, pledge, lien
          (statutory or otherwise), privilege, security interest, assignment,
          deposit, arrangement, easement, hypothecation, claim, preference,
          priority or other encumbrance upon or with respect to any property of
          any kind (including any conditional sale, capital lease or other title
          retention agreement, any leases in the nature thereof, and any
          agreement to give any security interest), real or personal, movable or
          immovable, now owned or hereafter acquired. A Person will be deemed to
          own subject to a Lien any property which it has acquired or holds
          subject to the interest of a vendor or lessor under any conditional
          sale agreement, Capitalized Lease Obligation or other title retention
          agreement.

               "Maturity" means, when used with respect to the Securities, the
          date on which the principal of the Securities becomes due and payable
          as therein provided or as provided in this Indenture, whether at
          Stated Maturity, the Offer Date or the redemption date and whether by
          declaration of acceleration, Offer in respect of Excess Proceeds,
          Change of Control Offer in respect of a Change of Control, call for
          redemption or otherwise.

               "Restricted Subsidiary" means any Subsidiary of the Company that
          has not been designated by the Board of Directors of the Company by a
          Board Resolution delivered to the Trustee as an Unrestricted
          Subsidiary pursuant to and in compliance with the covenant described
          under Section 1021.

               "Stated Maturity" means, when used with respect to any
          Indebtedness or any installment of interest thereon, the dates
          specified in such Indebtedness as the fixed date on which the
          principal of such Indebtedness or such installment of interest, as the
          case may be, is due and payable.

                                      -22-

<PAGE>   24

               "Trust Indenture Act" means the Trust Indenture Act of 1939, or
          any successor statute.

               "Voting Stock" of a Person means Capital Stock of such Person of
          the class or classes pursuant to which the holders thereof have the
          general voting power under ordinary circumstances to elect at least a
          majority of the board of directors, managers or trustees of such
          Person (irrespective of whether or not at the time Capital Stock of
          any other class or classes shall have or might have voting power by
          reason of the happening of any contingency).

          (C)  By amending Section 113 (Governing Law) by deleting the phrase
               "applicable to agreements made or instruments entered into and,
               in each case, performed in said State" and replacing it with the
               phrase "without giving effect to the conflicts of law principles
               thereof"

          (D)  By amending Section 402 (Defeasance and Covenant Defeasance) by
               adding the following sentence at the end of paragraph (1) as
               follows:

               Both Section 402(2), defeasance, and Section 402(3), covenant
               defeasance, apply to the Securities.

          (E)  By amending Section 501 (Events of Default) by:

               (a)  deleting clause (4) and replacing it, in whole, with the
                    following new clause (4):

                    (4)  (a) default in the performance, or breach, of any
                         covenant or agreement of the Company or any Guarantor
                         under this Indenture or any Guarantee (other than a
                         default in the performance, or breach, of a covenant or
                         agreement which is specifically dealt with elsewhere in
                         this Section 501 or in clause (b), (c) or (d) of this
                         clause (4)) and such default or breach shall continue
                         for a period of 30 days after written notice has been
                         given, by certified mail, (1) to the Company by the
                         Trustee or (2) to the Company and the Trustee by the
                         holders of at least 25% in aggregate principal amount
                         of the outstanding Securities; (b) there shall be a
                         default in the performance or breach of the provisions
                         described in Article VIII; (c) the Company shall have
                         failed to make or consummate an Offer in accordance
                         with the provisions of Section 1017; or (d) the Company
                         shall have failed to make

                                      -23-

<PAGE>   25

                         or consummate a Change of Control Offer in accordance
                         with the provisions of Section 1013;

               (b)  at the end of clause (8), deleting the word "or"

               (c)  at the end of clause (9), deleting the " . " and replacing
                    it with the phrase " ; or" and adding clause (10) as
                    follows:

                    (10) one or more judgments, orders or decrees of any court
                         or regulatory or administrative agency for the payment
                         of money in excess of $25 million, either individually
                         or in the aggregate, shall be rendered against the
                         Company, any Guarantor or any Restricted Subsidiary or
                         any of their respective properties and shall not be
                         discharged and either (a) any creditor shall have
                         commenced an enforcement proceeding upon such judgment,
                         order or decree or (b) there shall have been a period
                         of 60 consecutive days during which a stay of
                         enforcement of such judgment or order, by reason of an
                         appeal or otherwise, shall not be in effect.

          (F)  By amending Section 513 (Waiver of Past Defaults) by deleting the
               phrase "Outstanding Securities of any series," and replacing it
               with the phrase "Outstanding Securities, or in the case of the
               obligation of the Company to make and consummate an offer with
               respect to an Asset Sale or Asset Sales in accordance with
               Section 1017, the Holders of at least 75% in principal amount of
               the Outstanding Securities,"

          (G)  By amending paragraph (5) of Section 601 (Certain Rights of
               Trustee) by deleting the phrase "security or indemnity reasonably
               acceptable to the Trustee against the costs, expenses and
               liabilities" and replacing it with the phrase "security and
               indemnity satisfactory to the Trustee against any loss, liability
               or expense"

          (H)  By adding the following section to Article VI as follows:

          Section 612. Duties of Trustee.

               Subject to the provisions of Trust Indenture Act Sections 315(a)
          through 315(d), if a Default or an Event of Default has occurred and
          is continuing, the Trustee shall exercise such of the rights and
          powers vested in it by this Indenture and use the same degree of care
          and skill in its exercise thereof as a prudent

                                      -24-

<PAGE>   26

          person would exercise or use under the circumstances in the conduct of
          his own affairs.

          (I)  By amending Section 801 (Company May Consolidate, Etc., Only on
               Certain Terms) by:

               (a)  at the beginning of the first paragraph before the words
                    "The Company shall not," adding the word "(a)" to create a
                    subsection (a)

               (b)  in the first paragraph, deleting the phrase "Person,
                    unless:" and replacing it with the phrase "Person or group
                    of affiliated Persons, or permit any of its Restricted
                    Subsidiaries to enter into any such transaction or series of
                    related transactions if such transaction or series of
                    related transactions, in the aggregate, would result in a
                    sale, assignment, conveyance, transfer, lease or disposition
                    of all or substantially all of the properties and assets of
                    the Company and its Restricted Subsidiaries on a
                    Consolidated basis to any other Person or group of
                    affiliated Persons, unless at the time and after giving
                    effect thereto:"

               (c)  in paragraph (1), after the words "and assets of the
                    Company" adding the words "and its Restricted Subsidiaries
                    on a Consolidated basis (the "Surviving Entity")"

               (d)  at the end of paragraph (1) after the words "or other
                    securities" adding the words "and this Indenture will remain
                    in full force and effect as so supplemented"

               (e)  at the end of paragraph (2), deleting the word "and"

               (f)  at the beginning of paragraph (3) before the words "either
                    the Company" adding the words "at the time of the
                    transaction"

               (g)  at the end of paragraph (3), deleting the phrase "have been
                    complied with." and replacing it with the phrase "have been
                    complied with, and each Guarantor, if any, unless it is the
                    other party to the transactions described above, will have
                    by supplemental indenture confirmed that its Guarantees
                    shall apply to such Person's obligations hereunder and under
                    the Securities; and"

               (i)  adding paragraph (4) as follows

                                      -25-

<PAGE>   27

                    (4)  immediately before and immediately after giving effect
                         to such transaction on a pro forma basis (on the
                         assumption that the transaction occurred on the first
                         day of the four-quarter period for which financial
                         statements are available ending immediately prior to
                         the consummation of such transaction with the
                         appropriate adjustments with respect to the transaction
                         being included in such pro forma calculation), the
                         Company (or the Surviving Entity if the Company is not
                         the continuing obligor hereunder) could incur $1.00 of
                         additional Indebtedness (other than Permitted
                         Indebtedness) under Section 1014.

               (j)  adding subsection (b) as follows:

               (b) Each Guarantor, if any, will not, and the Company will not
          permit a Guarantor to, in a single transaction or through a series of
          related transactions, consolidate with or merge with or into any other
          Person (other than the Company or any Guarantor) or sell, assign,
          convey, transfer, lease or otherwise dispose of all or substantially
          all of its properties and assets to any Person or group of Persons
          (other than the Company or any Guarantor), or permit any of its
          Restricted Subsidiaries to enter into any such transaction or series
          of transactions if such transaction or series of transactions, in the
          aggregate, would result in a sale, assignment, conveyance, transfer,
          lease or disposition of all or substantially all of the properties and
          assets of the Guarantor and its Restricted Subsidiaries on a
          Consolidated basis to any other Person or group of Persons (other than
          the Company or any Guarantor), unless at the time and after giving
          effect thereto:

                    (1)  either (a) the Guarantor will be the continuing
                         corporation in the case of a consolidation or merger
                         involving the Guarantor or (b) the Person (if other
                         than the Guarantor) formed by such consolidation or
                         into which such Guarantor is merged or the Person which
                         acquires by sale, assignment, conveyance, transfer,
                         lease or disposition all or substantially all of the
                         properties and assets of the Guarantor and its
                         Restricted Subsidiaries on a Consolidated basis (the
                         "Surviving Guarantor Entity") will be a corporation
                         duly organized and validly existing under the laws of
                         the United States of America, any state thereof or the
                         District of Columbia and such Person expressly assumes,
                         by a supplemental indenture, in a form reasonably
                         satisfactory to the Trustee, all the obligations of
                         such Guarantor under its Guarantee of the Securities
                         and this Indenture and such Guarantee and Indenture
                         will remain in full force and effect;

                                      -26

<PAGE>   28

                    (2)  immediately before and immediately after giving effect
                         to such transaction on a pro forma basis, no Default or
                         Event of Default will have occurred and be continuing;
                         and

                    (3)  at the time of the transaction such Guarantor or the
                         Surviving Guarantor Entity will have delivered, or
                         caused to be delivered, to the Trustee, in form and
                         substance reasonably satisfactory to the Trustee, an
                         Officers' Certificate and an Opinion of Counsel, each
                         to the effect that such consolidation, merger,
                         transfer, sale, assignment, conveyance, lease or other
                         transaction and the supplemental indenture in respect
                         thereof comply with this Indenture and that all
                         conditions precedent therein provided for relating to
                         such transaction have been complied with; provided,
                         however, that this paragraph shall not apply to any
                         Guarantor whose Guarantee of the Securities is
                         unconditionally released and discharged in accordance
                         with paragraph (b) of Section 1018.

          (J)  By amending Section 802 (Successor Person Substituted for
               Company) by

               (a)  deleting, in all instances, the phrase "the Company" and
                    replacing it, in all instances, with the phrase "the Company
                    or any Guarantor, as the case may be"

               (b)  deleting the phrase "the Securities" and replacing it with
                    the phrase "the Securities or its Guarantee, as the case may
                    be"

          (K)  By amending Section 902 (Supplemental Indentures with Consent of
               Holders) by:

               (a)  in the first paragraph, deleting the phrase "not less than a
                    majority in principal amount of the Outstanding Securities
                    of each series" and replacing it with the phrase "at least a
                    majority in aggregate principal amount of the Securities
                    then outstanding (including consents obtained in connection
                    with a tender offer or exchange offer for Securities)"

               (b)  at the end of clause (1), deleting the words "repayment),
                    or" and replacing them with the words "repayment), including
                    amending, changing or modifying any definitions related
                    thereto, or"

                                      -27-

<PAGE>   29

               (c)  at the end of clause (2), deleting the words "voting, or"
                    and replacing them with the words "voting, including
                    amending, changing or modifying any definitions related
                    thereto, or"

               (d)  in clause (3), deleting the words "Section 1010," and
                    replacing them with the words "Section 1010, including
                    amending, changing or modifying any definitions related
                    thereto,"

               (e)  at the end of clause (4), deleting the " . " and replacing
                    it with the phrase " , or" and adding clauses (5), (6), (7)
                    and (8) and the subsequent paragraph as follows:

                    (5)  change to an earlier date any redemption date of, or
                         waive a default in the payment of the principal of,
                         premium, if any, or interest on, any such Security, or

                    (6)  amend, change or modify the obligation of the Company
                         to make and consummate a Change of Control Offer in the
                         event of a Change of Control Event in accordance with
                         Section 1013, including amending, changing or modifying
                         any definitions related thereto, or

                    (7)  except as otherwise permitted under Article VIII,
                         consent to the assignment or transfer by the Company or
                         any Guarantor of any of its rights and obligations
                         under this Indenture, or

                    (8)  amend or modify any of the provisions of this Indenture
                         in any manner which subordinates the Securities issued
                         thereunder in right of payment to any other
                         Indebtedness of the Company or which subordinates any
                         Guarantee in right of payment to any other Indebtedness
                         of the Guarantor issuing any such Guarantee;

                    provided further, however, that no such modification or
                    amendment may, without the consent of the Holders of at
                    least 75% of the outstanding principal amount of the
                    Securities amend, change or modify the obligation of the
                    Company to make and consummate an offer with respect to any
                    Asset Sale or Asset Sales in accordance with Section 1017,
                    including amending, changing or modifying any definitions
                    related thereto.

                                      -28-

<PAGE>   30

          (L)  By amending Section 1006 (Limitation on Liens) by:

               (a)  adding the following two paragraphs before the first
                    paragraph:

                    The Company will not, and will not cause or permit any
               Restricted Subsidiary to, directly or indirectly, create, incur
               or affirm any consensual Lien of any kind upon any property or
               assets (including any intercompany notes) of the Company or any
               Restricted Subsidiary owned on the date of the First Supplemental
               Indenture or acquired after the date of the First Supplemental
               Indenture, or assign or convey any right to receive any income or
               profits therefrom, unless the Securities (or a Guarantee in the
               case of Liens of a Guarantor) are directly secured equally and
               ratably with (or, in the case of Subordinated Indebtedness, prior
               or senior thereto, with the same relative priority as the
               Securities shall have with respect to such Subordinated
               Indebtedness) the obligation or liability secured by such Lien
               except for any Permitted Liens.

                    Notwithstanding the foregoing, any Lien securing the
               Securities granted pursuant to this covenant shall be
               automatically and unconditionally released and discharged upon
               the release by the holders of the Indebtedness described above of
               their Lien on the property or assets of the Company or any
               Restricted Subsidiary (including any deemed release upon payment
               in full of all obligations under such Indebtedness), at such time
               as the holders of all such Indebtedness also release their Lien
               on the property or assets of the Company or such Restricted
               Subsidiary, or upon any sale, exchange or transfer to any Person
               not an Affiliate of the Company of the property or assets secured
               by such Lien, or of all of the Capital Stock held by the Company
               or any Restricted Subsidiary in, or all or substantially all the
               assets of, any Restricted Subsidiary that owns the property or
               assets subject to such Lien.

               (b)  replacing in the first sentence of the first paragraph the
                    words "The Company will not, and will not" with the words
                    "However, if a Fall Away Event has occurred, then, subject
                    to Section 1024 herein, the Company shall no longer be
                    subject to the restrictions described in the preceding
                    paragraphs above; provided, however, that the Company shall
                    not, and shall not"

               (c)  in clause (1), deleting the phrase "as of the date of the
                    indenture" and replacing it with the phrase "on the date the
                    Securities are issued hereunder which shall include any
                    Liens which may be created in connection with the Credit
                    Facility in an amount which shall not exceed the
                    availability under the Credit Facility on the date the
                    Securities are issued hereunder

                                      -29-

<PAGE>   31

          (M)  By Amending Section 1010 (Waiver of Certain Covenants) by:

               (a)  deleting the phrase "Sections 1002 to 1009, inclusive, with
                    respect to the Securities of any series and, if expressly
                    provided pursuant to Section 301(18), any additional
                    covenants applicable to the Securities of such series" and
                    replacing it with the phrase "Sections 1002 through 1009,
                    inclusive, Sections 1013 through 1016, inclusive, and
                    Sections 1018 through 1023, inclusive, with respect to the
                    Securities"

               (b)  deleting the phrase "Outstanding Securities of such series,"
                    and replacing it with the phrase "Outstanding Securities, or
                    in the case of the obligation of the Company to make and
                    consummate an offer with respect to an Asset Sale or Asset
                    Sales in accordance with Section 1017, the Holders of at
                    least 75% in principal amount of the Outstanding
                    Securities,"

          (N)  By amending Section 1011 (Company Statement as to Compliance) by:

               (a)  adding the following sentence before the first paragraph:

                    The Company shall notify the Trustee within 10 Business Days
                    of the occurrence of any Default.

               (b)  deleting the phrase "within 120 days after the end of each
                    fiscal year" and replacing it with the phrase "on or before
                    a date not more than 60 days after the end of each fiscal
                    quarter and not more than 120 days after the end of each
                    fiscal year"

          (O)  By adding the following Sections to Article X as follows:

          Section 1013. Purchase of Securities upon a Change of Control Event.

               (a) If a Change of Control Event occurs, each Holder of
          Securities will have the right to require that the Company purchase
          all or any part (in integral multiples of $1,000) of such Holder's
          Securities pursuant to a Change of Control Offer. In the Change of
          Control Offer, the Company will offer to purchase all of the
          Securities, at a purchase price (the "Change of Control Purchase
          Price") in cash in an amount equal to 101% of the principal amount of
          such Securities, plus accrued and unpaid interest, if any, to the date
          of purchase (the "Change of Control Purchase Date") (subject to the
          rights of holders of record on relevant record dates to receive
          interest due on an interest payment date), in accordance

                                      -30-

<PAGE>   32

          with the other procedures set forth in subsections (b), (c), (d) and
          (e) of this Section 1013.

               (b) Within 30 days of any Change of Control Event or, at the
          Company's option, prior to any Change of Control but after it is
          publicly announced the Company must notify the Trustee and give
          written notice of the Change of Control Event to each Holder of
          Securities, by first-class mail, postage prepaid, at his address
          appearing in the security register. The notice must state, among other
          things,

               (1)  that a Change of Control Event has occurred and the date of
                    such event;

               (2)  the circumstances and relevant facts regarding such Change
                    of Control Event, including information with respect to pro
                    forma historical income, cash flow and capitalization after
                    giving effect to such Change of Control Event;

               (3)  (i) the most recently filed Annual Report on Form 10-K
                    (including audited consolidated financial statements) of the
                    Company, the most recent subsequently filed Quarterly Report
                    on Form 10-Q, as applicable, and any Current Report on Form
                    8-K of the Company filed subsequent to such Quarterly Report
                    (or in the event the Company is not required to prepare any
                    of the foregoing Forms, the comparable information required
                    to be prepared by the Company and any Guarantor pursuant to
                    Section 1022), (ii) a description of material developments,
                    if any, in the Company's business subsequent to the date of
                    the latest of such reports and (iii) such other information,
                    if any, concerning the business of the Company which the
                    Company in good faith believes will enable such Holders to
                    make an informed investment decision regarding the Change of
                    Control Offer;

               (4)  that the Change of Control Offer is being made pursuant to
                    this Section 1013 and that all Securities properly tendered
                    pursuant to the Change of Control Offer will be accepted for
                    payment at the Change of Control Purchase Price;

               (5)  the purchase price and the purchase date which shall be
                    fixed by the Company on a Business Day no earlier than 30
                    days nor later than 60 days from the date the notice is
                    mailed, but shall be no earlier than the consummation of the
                    Change of Control or such later date as is necessary to
                    comply with requirements under the Exchange Act;

                                      -31-

<PAGE>   33

               (6)  the names and addresses of the Paying Agent and the offices
                    or agencies referred to in Section 1002;

               (7)  that Securities must be surrendered prior to the Change of
                    Control Purchase Date to the Paying Agent at the office of
                    the Paying Agent or to an office or agency referred to in
                    Section 1002 to collect payment;

               (8)  that the Change of Control Purchase Price for any Security
                    which has been properly tendered and not withdrawn will be
                    paid promptly following the Change of Control Offer Purchase
                    Date;

               (9)  that any Security not tendered will continue to accrue
                    interest;

               (10) that, unless the Company defaults in the payment of the
                    Change of Control Purchase Price, any Securities accepted
                    for payment pursuant to the Change of Control Offer will
                    cease to accrue interest after the Change of Control
                    Purchase Date; and

               (11) other procedures that a holder of Securities must follow to
                    accept a Change of Control Offer or to withdraw acceptance
                    of the Change of Control Offer.

               (c) Upon receipt by the Company of the proper tender of
          Securities, the Holder of the Security in respect of which such proper
          tender was made shall (unless the tender of such Security is properly
          withdrawn) thereafter be entitled to receive solely the Change of
          Control Purchase Price with respect to such Security. Upon surrender
          of any such Security for purchase in accordance with the foregoing
          provisions, such Security shall be paid by the Company at the Change
          of Control Purchase Price; provided, however, that installments of
          interest whose Stated Maturity is on or prior to the Change of Control
          Purchase Date shall be payable to the Holders of such Securities, or
          one or more Predecessor Securities, registered as such on the relevant
          Regular Record Dates according to the terms and the provisions of
          Section 309. If any Security tendered for purchase in accordance with
          the provisions of this Section 1013 shall not be so paid upon
          surrender thereof, the principal thereof (and premium, if any,
          thereon) shall, until paid, bear interest from the Change of Control
          Purchase Date at the rate borne by such Security. Holders electing to
          have Securities purchased will be required to surrender such
          Securities to the Paying Agent at the address specified in the Change
          of Control Purchase Notice on or prior to the Change of Control
          Purchase Date. Any Security that is to be purchased only in part shall
          be surrendered to a Paying Agent at the office of such Paying Agent
          (with, if the Company, the Security Registrar or the Trustee so
          requires, due endorsement by, or a written

                                      -32-

<PAGE>   34

          instrument of transfer in form satisfactory to the Company and the
          Security Registrar or the Trustee, as the case may be, duly executed
          by, the Holder thereof or such Holder's attorney duly authorized in
          writing), and the Company shall execute and the Trustee shall
          authenticate and deliver to the Holder of such Security, without
          service charge, one or more new Securities of any authorized
          denomination as requested by such Holder in an aggregate principal
          amount equal to, and in exchange for, the portion of the principal
          amount of the Security so surrendered that is not purchased.

               (d) The Company shall (i) not later than the Change of Control
          Purchase Date, accept for payment Securities or portions thereof
          tendered pursuant to the Change of Control Offer, (ii) not later than
          10:00 a.m. (New York time) on the Business Day following the Change of
          Control Purchase Date, deposit with the Trustee or with a Paying Agent
          an amount of money in same day funds (or New York Clearing House funds
          if such deposit is made prior to the Change of Control Purchase Date)
          sufficient to pay the aggregate Change of Control Purchase Price of
          all the Securities or portions thereof which are to be purchased as of
          the Change of Control Purchase Date and (iii) not later than 10:00
          a.m. (New York time) on the Business Day following the Change of
          Control Purchase Date, deliver to the Paying Agent an Officers'
          Certificate stating the Securities or portions thereof accepted for
          payment by the Company. The Paying Agent shall promptly mail or
          deliver to Holders of Securities so accepted payment in an amount
          equal to the Change of Control Purchase Price of the Securities
          purchased from each such Holder, and the Company shall execute and the
          Trustee shall promptly authenticate and mail or deliver to such
          Holders a new Security equal in principal amount to any unpurchased
          portion of the Security surrendered. Any Securities not so accepted
          shall be promptly mailed or delivered by the Paying Agent at the
          Company's expense to the Holder thereof. The Company will publicly
          announce the results of the Change of Control Offer on the Change of
          Control Purchase Date. For purposes of this Section 1013, the Company
          shall choose a Paying Agent which shall not be the Company.

               (e) A tender made in response to a Change of Control Purchase
          Notice may be withdrawn if the Company receives, not later than one
          Business Day prior to the Change of Control Purchase Date, a telegram,
          telex, facsimile transmission or letter, specifying, as applicable:

                    (1)  the name of the Holder;

                    (2)  the certificate number of the Security in respect of
                         which such notice of withdrawal is being submitted;

                    (3)  the principal amount of the Security (which shall be
                         $1,000 or an integral multiple thereof) delivered for
                         purchase by the Holder as to which such notice of
                         withdrawal is being submitted;

                                      -33-

<PAGE>   35

                    (4)  a statement that such Holder is withdrawing his
                         election to have such principal amount of such Security
                         purchased; and

                    (5)  the principal amount, if any, of such Security (which
                         shall be $1,000 or an integral multiple thereof) that
                         remains subject to the original Change of Control
                         Purchase Notice and that has been or will be delivered
                         for purchase by the Company.

               (f) Subject to applicable escheat laws, the Trustee and the
          Paying Agent shall return to the Company any cash that remains
          unclaimed, together with interest or dividends, if any, thereon, held
          by them for the payment of the Change of Control Purchase Price;
          provided, however, that, (x) to the extent that the aggregate amount
          of cash deposited by the Company pursuant to clause (ii) of paragraph
          (d) above exceeds the aggregate Change of Control Purchase Price of
          the Securities or portions thereof to be purchased, then the Trustee
          shall hold such excess for the Company and (y) unless otherwise
          directed by the Company in writing, no later than the second Business
          Day following the Change of Control Purchase Date the Trustee shall
          return any such excess (including, without limitation, monies
          deposited with respect to a tender withdrawn in accordance with the
          provisions of paragraph (e) to the Company together with interest, if
          any, thereon.

               (g) Failure of the Company to make or consummate the Change of
          Control Offer or pay the Change of Control Purchase Price when due
          constitutes a Default and will provide the Trustee and the Holders of
          the Securities the rights described under Section 501.

               (h) The Company shall comply, to the extent applicable, with the
          applicable tender offer rules, including Rule 14e-1 under the Exchange
          Act, and any other applicable securities laws or regulations in
          connection with a Change of Control Offer.

               (i) The Company will not be required to make a Change of Control
          Offer upon a Change of Control Event if a third party makes the Change
          of Control Offer in the manner, at the times and otherwise in
          compliance with the requirements described in this Indenture
          applicable to a Change of Control Offer made by the Company and
          purchases all Securities validly tendered and not withdrawn under such
          Change of Control Offer.

               (j) The Company may elect to make a Change of Control Offer after
          the occurrence of a Change of Control but before the occurrence of a
          Rating Decline in which case the Company will not be required to make
          an additional Change of Control Offer upon a Rating Decline so long as
          the Company satisfied the requirements applicable to a Change of
          Control Offer and purchased all Securities validly tendered and not
          withdrawn upon such Change of Control

                                      -34-

<PAGE>   36

          Offer.

          Section 1014. Limitation on Indebtedness

               The Company will not, and will not cause or permit any of its
          Restricted Subsidiaries to, create, issue, incur, assume, guarantee or
          otherwise in any manner become directly or indirectly liable for the
          payment of or otherwise incur, contingently or otherwise
          (collectively, "incur"), any Indebtedness (including any Acquired
          Indebtedness), unless such Indebtedness is incurred by the Company or
          any Guarantor or constitutes Acquired Indebtedness of a Restricted
          Subsidiary and, in each case, the Company's Consolidated Fixed Charge
          Coverage Ratio for the most recent four full fiscal quarters for which
          financial statements are available immediately preceding the
          incurrence of such Indebtedness taken as one period is at least equal
          to or greater than 2.0:1.0 for any calculation made on or prior to
          June 25, 2003 and 2.25:1.0 for any calculation made thereafter.

               Notwithstanding the foregoing, the Company and, to the extent
          specifically set forth below, the Restricted Subsidiaries may incur
          each and all of the following (collectively, the "Permitted
          Indebtedness"):

               (1)  Indebtedness of the Company (and Guarantees by the
                    Guarantors of such Indebtedness) under the Credit Facility
                    in an aggregate principal amount at any one time outstanding
                    not to exceed

                    (a)  $400 million under any term loans made pursuant
                         thereto, minus all principal payments made in respect
                         of any term loans and

                    (b)  $400 million under any revolving credit facility or in
                         respect of letters of credit thereunder;

               (2)  Indebtedness of the Company pursuant to the Securities and
                    Indebtedness of any Guarantor pursuant to a Guarantee of the
                    Securities;

               (3)  Indebtedness of the Company or any Restricted Subsidiary
                    outstanding on the date of the First Supplemental Indenture,
                    and not otherwise referred to in this definition of
                    "Permitted Indebtedness;"

               (4)  Indebtedness of the Company owing to a Restricted
                    Subsidiary;

                    --   provided that any Indebtedness of the Company owing to
                         a Restricted Subsidiary that is not a Guarantor is made

                                      -35-

<PAGE>   37

                         pursuant to an intercompany note and is unsecured and
                         is subordinated in right of payment from and after such
                         time as the Securities shall become due and payable
                         (whether at Stated Maturity, acceleration or otherwise)
                         to the payment and performance of the Company's
                         obligations under the Securities;

                    --   provided, further, that any disposition, pledge or
                         transfer of any such Indebtedness to a Person (other
                         than a disposition, pledge or transfer (x) to a
                         Restricted Subsidiary or (y) pursuant to the Credit
                         Facility) shall be deemed to be an incurrence of such
                         Indebtedness by the Company or other obligor not
                         permitted by this clause (4);

               (5)  Indebtedness of a Restricted Subsidiary owing to the Company
                    or another Restricted Subsidiary; provided, that (a) any
                    disposition, pledge or transfer of any such Indebtedness to
                    a Person (other than a disposition, pledge or transfer (x)
                    to the Company or a Restricted Subsidiary or (y) pursuant to
                    the Credit Facility) shall be deemed to be an incurrence of
                    such Indebtedness by the obligor not permitted by this
                    clause (5), and (b) any transaction pursuant to which any
                    Restricted Subsidiary, which has Indebtedness owing to the
                    Company or any other Restricted Subsidiary, ceases to be a
                    Restricted Subsidiary shall be deemed to be the incurrence
                    of Indebtedness by such Restricted Subsidiary that is not
                    permitted by this clause (5);

               (6)  Guarantees of any Restricted Subsidiary made in accordance
                    with the provisions of Section 1018;

               (7)  obligations of the Company or any Restricted Subsidiary
                    entered into in the ordinary course of business

                    (a)  pursuant to Interest Rate Agreements designed to
                         protect the Company or any Restricted Subsidiary
                         against fluctuations in interest rates in respect of
                         Indebtedness of the Company or any Restricted
                         Subsidiary as long as such obligations do not exceed
                         the aggregate principal amount of such Indebtedness
                         then outstanding,

                    (b)  under any Currency Hedging Agreements, relating to (1)
                         Indebtedness of the Company or any Restricted
                         Subsidiary and/or (2) obligations to purchase or sell
                         assets or properties, in each case, incurred in the
                         ordinary course of business of the Company or any
                         Restricted Subsidiary;

                                      -36-

<PAGE>   38

                         provided, however, that such Currency Hedging
                         Agreements do not increase the Indebtedness or other
                         obligations of the Company or any Restricted Subsidiary
                         outstanding other than as a result of fluctuations in
                         foreign currency exchange rates or by reason of fees,
                         indemnities and compensation payable thereunder or

                    (c)  under any Commodity Price Protection Agreements which
                         do not increase the amount of Indebtedness or other
                         obligations of the Company or any Restricted Subsidiary
                         outstanding other than as a result of fluctuations in
                         commodity prices or by reason of fees, indemnities and
                         compensation payable thereunder;

               (8)  Indebtedness of the Company or any Restricted Subsidiary
                    represented by industrial revenue bonds or Capital Lease
                    Obligations or Purchase Money Obligations or other
                    Indebtedness incurred or assumed in connection with the
                    acquisition or development of real or personal, movable or
                    immovable, property in each case incurred for the purpose of
                    financing or refinancing all or any part of the purchase
                    price or cost of construction or improvement of property
                    used in the business of the Company, in an aggregate
                    principal amount pursuant to this clause (8) not to exceed
                    the greater of (x) $35 million or (y) 5% of Consolidated
                    Tangible Net Worth outstanding at any time; provided that
                    the principal amount of any Indebtedness permitted under
                    this clause (8) did not in each case at the time of
                    incurrence exceed the Fair Market Value, as determined by
                    the Company in good faith, of the acquired or constructed
                    asset or improvement so financed;

               (9)  letters of credit to support workers compensation
                    obligations and bankers acceptances and performance bonds,
                    surety bonds, appeal bonds and performance guarantees, of
                    the Company or any Restricted Subsidiary, in each case, in
                    the ordinary course of business consistent with past
                    practice;

               (10) any renewals, extensions, substitutions, refundings,
                    refinancings or replacements (collectively, a "refinancing")
                    of any Indebtedness incurred pursuant to the ratio test in
                    the first paragraph of this covenant or described in clauses
                    (2) and (3) of this definition of "Permitted Indebtedness,"
                    including any successive refinancings so long as the
                    borrower under such refinancing is the Company or, if not
                    the Company, the same as the borrower of the Indebtedness
                    being refinanced and the aggregate principal amount of
                    Indebtedness represented thereby (or if such Indebtedness
                    provides for an amount less than the principal amount
                    thereof to be due and

                                      -37-

<PAGE>   39

                    payable upon a declaration of acceleration of the maturity
                    thereof, the original issue price of such Indebtedness plus
                    any accreted value attributable thereto since the original
                    issuance of such Indebtedness) is not increased by such
                    refinancing plus the lesser of (a) the stated amount of any
                    premium or other payment required to be paid in connection
                    with such a refinancing pursuant to the terms of the
                    Indebtedness being refinanced or (b) the amount of premium
                    or other payment actually paid at such time to refinance the
                    Indebtedness, plus, in either case, the amount of expenses
                    of the Company incurred in connection with such refinancing
                    and (1) in the case of any refinancing of Indebtedness that
                    is Subordinated Indebtedness, such new Indebtedness is made
                    subordinated to the Securities at least to the same extent
                    as the Indebtedness being refinanced and (2) in the case of
                    Pari Passu Indebtedness or Subordinated Indebtedness, as the
                    case may be, such refinancing does not reduce the Average
                    Life to Stated Maturity or the Stated Maturity of such
                    Indebtedness; and

               (11) Indebtedness of the Company or any Guarantor in addition to
                    that described in clauses (1) through (10) above, and any
                    renewals, extensions, substitutions, refinancings or
                    replacements of such Indebtedness, so long as the aggregate
                    principal amount of all such Indebtedness shall not exceed
                    $50 million outstanding at any one time in the aggregate.

               For purposes of determining compliance with this Section 1014, in
          the event that an item of Indebtedness meets the criteria of more than
          one of the types of Indebtedness permitted by this covenant, the
          Company in its sole discretion shall classify or later reclassify in
          whole or in part in its sole discretion such item of Indebtedness and
          only be required to include the amount of such Indebtedness as one of
          such types.

          Section 1015. Limitation on Restricted Payments.

               (a) The Company will not, and will not cause or permit any
          Restricted Subsidiary to, directly or indirectly:

               (1)  declare or pay any dividend on, or make any distribution to
                    Holders of, any shares of the Company's Capital Stock (other
                    than dividends or distributions payable solely in shares of
                    the Company's Qualified Capital Stock or in options,
                    warrants or other rights to acquire shares of such Qualified
                    Capital Stock);

               (2)  purchase, redeem, defease or otherwise acquire or retire for
                    value, directly or indirectly, the Company's Capital Stock
                    or any Capital Stock of any Affiliate of the Company (other
                    than Capital Stock of

                                      -38-

<PAGE>   40

                    any Wholly Owned Restricted Subsidiary of the Company) or
                    options, warrants or other rights to acquire such Capital
                    Stock;

               (3)  make any principal payment on, or repurchase, redeem,
                    defease, retire or otherwise acquire for value, prior to any
                    scheduled principal payment, sinking fund payment or
                    maturity, any Subordinated Indebtedness;

               (4)  declare or pay any dividend or distribution on any Capital
                    Stock of any Restricted Subsidiary to any Person (other than
                    (a) to the Company or any of its Wholly Owned Restricted
                    Subsidiaries or (b) dividends or distributions made by a
                    Restricted Subsidiary on a pro rata basis to all
                    stockholders of such Restricted Subsidiary); or

               (5)  make any Investment in any Person (other than any Permitted
                    Investments);

          (any of the foregoing actions described in clauses (1) through (5)
          above, other than any such action that is a Permitted Payment (as
          defined below), collectively, "Restricted Payments") (the amount of
          any such Restricted Payment, if other than cash, shall be the Fair
          Market Value of the assets proposed to be transferred, as determined
          by the Board of Directors of the Company, whose determination shall be
          conclusive and evidenced by a Board Resolution), unless

               (1)  immediately before and immediately after giving effect to
                    such proposed Restricted Payment on a pro forma basis, no
                    Default or Event of Default shall have occurred and be
                    continuing and such Restricted Payment shall not be an event
                    which is, or after notice or lapse of time or both, would
                    be, an "event of default" under the terms of any
                    Indebtedness of the Company or its Restricted Subsidiaries;

               (2)  immediately before and immediately after giving effect to
                    such Restricted Payment on a pro forma basis, the Company
                    could incur $1.00 of additional Indebtedness (other than
                    Permitted Indebtedness) under the provisions described under
                    Section 1014; and

               (3)  after giving effect to the proposed Restricted Payment, the
                    aggregate amount of all such Restricted Payments declared or
                    made after the date of the First Supplemental Indenture and
                    all Designation Amounts (as such term is defined under
                    Section 1021) does not exceed the sum of:

                    (A)  50% of the aggregate Consolidated Net Income of the

                                      -39-

<PAGE>   41

                         Company accrued on a cumulative basis during the period
                         beginning on the first day of the Company's fiscal
                         quarter beginning after the date of the First
                         Supplemental Indenture and ending on the last day of
                         the Company's last fiscal quarter ending prior to the
                         date of the Restricted Payment (or, if such aggregate
                         cumulative Consolidated Net Income shall be a loss,
                         minus 100% of such loss);

                    (B)  the aggregate Net Cash Proceeds received after the date
                         of the First Supplemental Indenture by the Company
                         either (1) as capital contributions in the form of
                         common equity to the Company or (2) from the issuance
                         or sale (other than to any of its Subsidiaries) of
                         Qualified Capital Stock of the Company or any options,
                         warrants or rights to purchase such Qualified Capital
                         Stock of the Company (except, in each case, to the
                         extent such proceeds are used to purchase, redeem or
                         otherwise retire Capital Stock or Subordinated
                         Indebtedness as set forth below in clause (2) or (3) of
                         paragraph (b) below) (and excluding the Net Cash
                         Proceeds from the issuance of Qualified Capital Stock
                         financed, directly or indirectly, using funds borrowed
                         from the Company or any Subsidiary until and to the
                         extent such borrowing is repaid);

                    (C)  the aggregate Net Cash Proceeds received after the date
                         of the First Supplemental Indenture by the Company
                         (other than from any of its Subsidiaries) upon the
                         exercise of any options, warrants or rights to purchase
                         Qualified Capital Stock of the Company (and excluding
                         the Net Cash Proceeds from the exercise of any options,
                         warrants or rights to purchase Qualified Capital Stock
                         financed, directly or indirectly, using funds borrowed
                         from the Company or any Subsidiary until and to the
                         extent such borrowing is repaid);

                    (D)  the aggregate Net Cash Proceeds received after the date
                         of the First Supplemental Indenture by the Company from
                         the conversion or exchange, if any, of debt securities
                         or Redeemable Capital Stock of the Company or its
                         Restricted Subsidiaries into or for Qualified Capital
                         Stock of the Company plus, to the extent such debt
                         securities or Redeemable Capital Stock were issued
                         after the date of the First Supplemental Indenture, the
                         aggregate of Net Cash Proceeds from their original
                         issuance (and excluding the Net Cash Proceeds from the
                         conversion or exchange of debt securities or Redeemable
                         Capital Stock financed, directly or

                                      -40-

<PAGE>   42

                         indirectly, using funds borrowed from the Company or
                         any Subsidiary until and to the extent such borrowing
                         is repaid); and

                    (E)  (a)  in the case of the disposition or repayment of any
                              Investment constituting a Restricted Payment made
                              after the date of the First Supplemental
                              Indenture, an amount (to the extent not included
                              in Consolidated Net Income) equal to the lesser of
                              the return of capital with respect to such
                              Investment and the initial amount of such
                              Investment, in either case, less the cost of the
                              disposition of such Investment and net of taxes
                              (to the extent not reflected in Consolidated Net
                              Income), and

                         (b)  in the case of the designation of an Unrestricted
                              Subsidiary as a Restricted Subsidiary (as long as
                              the designation of such Subsidiary as an
                              Unrestricted Subsidiary was deemed a Restricted
                              Payment), the Fair Market Value of the Company's
                              interest in such Subsidiary provided that such
                              amount shall not in any case exceed the aggregate
                              amount of the Restricted Payments deemed made at
                              the time or after the Subsidiary was designated as
                              an Unrestricted Subsidiary.

               (b) Notwithstanding the foregoing, and in the case of clauses (3)
          through (6) below, so long as no Default or Event of Default is
          continuing or would arise therefrom, the foregoing provisions shall
          not prohibit the following actions (each of clauses (1) through (5)
          being referred to as a "Permitted Payment"):

               (1)  the payment of any dividend within 120 days after the date
                    of declaration thereof, if at such date of declaration such
                    payment was permitted by the provisions of paragraph (a) or
                    clause (b)(6) of this section; however such payment shall be
                    deemed to have been paid on such date of declaration and
                    shall be deemed not to be a "Permitted Payment" for purposes
                    of the calculation required by paragraph (a) of this
                    Section;

               (2)  the repurchase, redemption or other acquisition or
                    retirement for value of any shares of any class of Capital
                    Stock of the Company in connection with a cashless or
                    similar exercise under the Company's employee stock option
                    plans or employee benefit plans then in effect;

               (3)  the repurchase, redemption, or other acquisition or
                    retirement for

                                      -41-

<PAGE>   43

                    value of any shares of any class of Capital Stock of the
                    Company in exchange for (including any such exchange
                    pursuant to the exercise of a conversion right or privilege
                    in connection with which cash is paid in lieu of the
                    issuance of fractional shares or scrip), or out of the Net
                    Cash Proceeds of a substantially concurrent issuance and
                    sale for cash (other than to a Subsidiary) of, other shares
                    of Qualified Capital Stock of the Company; provided that the
                    Net Cash Proceeds from the issuance of such shares of
                    Qualified Capital Stock are excluded from clause (3)(B) of
                    paragraph (a) of this Section;

               (4)  the repurchase, redemption, defeasance, retirement or
                    acquisition for value or payment of principal of any
                    Subordinated Indebtedness in exchange for, or in an amount
                    not in excess of the Net Cash Proceeds of, a substantially
                    concurrent issuance and sale for cash (other than to any
                    Subsidiary of the Company) of any Qualified Capital Stock of
                    the Company, provided that the Net Cash Proceeds from the
                    issuance of such shares of Qualified Capital Stock are
                    excluded from clause (3)(B) of paragraph (a) of this
                    Section; and

               (5)  the repurchase, redemption, defeasance, retirement,
                    refinancing, acquisition for value or payment of principal
                    of any Subordinated Indebtedness (other than Redeemable
                    Capital Stock) (a "refinancing") through the substantially
                    concurrent issuance of new Subordinated Indebtedness of the
                    Company, provided that any such new Subordinated
                    Indebtedness

                    (a)  shall be in a principal amount that does not exceed the
                         principal amount so refinanced (or, if such
                         Subordinated Indebtedness provides for an amount less
                         than the principal amount thereof to be due and payable
                         upon a declaration of acceleration thereof, then such
                         lesser amount as of the date of determination), plus
                         the lesser of (1) the stated amount of any premium or
                         other payment required to be paid in connection with
                         such a refinancing pursuant to the terms of the
                         Indebtedness being refinanced or (2) the amount of
                         premium or other payment actually paid at such time to
                         refinance the Indebtedness, plus, in either case, the
                         amount of expenses of the Company incurred in
                         connection with such refinancing;

                    (b)  has an Average Life to Stated Maturity greater than the
                         remaining Average Life to Stated Maturity of the
                         Securities;

                    (c)  has a Stated Maturity for its final scheduled principal

                                      -42-

<PAGE>   44

                         payment later than the Stated Maturity for the final
                         scheduled principal payment of the Securities;

                    (d)  is expressly subordinated in right of payment to the
                         Securities at least to the same extent as the
                         Subordinated Indebtedness to be refinanced; and

               (6)  the declaration of dividends in an amount not to exceed the
                    following amounts that the Company reported in its
                    consolidated financial statements included in its public
                    filings reports with respect to each of the fiscal quarters
                    in each year during the term of the Securities described
                    below (the "Permitted Dividend Amount"):

                    FISCAL QUARTER                     PERMITTED DIVIDEND AMOUNT
                    --------------                     -------------------------
                      1st Quarter                             $23,881,000
                      2nd Quarter                              47,760,000
                      3rd Quarter                              35,820,000
                      4th Quarter                              35,820,000

               ; provided that the Permitted Dividend Amount shall increase (or
               decrease, as the case may be) by $1.02 (as such $1.02 shall be
               adjusted pursuant to paragraph (d) below for changes in the
               capitalization of the Company upon recapitalizations,
               reclassifications, stock splits, stock dividends, reverse stock
               splits, stock consolidations and similar transactions) per fiscal
               year (allocated to each fiscal quarter in such fiscal year in the
               same proportion as the Permitted Dividend Amount was allocated
               immediately before such increase (or decrease as the case may
               be)) for each share of Common Stock issued and outstanding on the
               record date for any dividend in excess of (or less than, as the
               case may be) the number of shares of Common Stock issued and
               outstanding on January 10, 2001, provided that any such share was
               issued (x) at fair market value or (y) pursuant to options or
               otherwise in accordance with the Company's employee stock option,
               purchase or other benefit plans provided that, in the case of
               share issuances in excess of $15 million in a single or series of
               related transactions pursuant to clause (x), such fair market
               value has been determined by the Board of Directors of the
               Company; provided further, that if prior to the date of
               declaration of the second dividend declared after the Company has
               available regular audited annual financial statements for the
               year ending June 25, 2003, the Company's EBITDA minus the greater
               of (x) $140 million and (y) the Company's Capital Expenditures
               (the "Adjusted Free Cash Flow") with respect to the four
               consecutive fiscal quarters ending with the fiscal quarter listed
               below (the "Measurement Period") for which the Company has
               available, as of the date of a dividend declaration, regular
               unaudited quarterly or audited annual financial

                                      -43-

<PAGE>   45

               statements, does not exceed the amount (the "Minimum Adjusted
               Free Cash Flow") set forth in the chart below with respect to the
               Measurement Period:

                LAST FISCAL QUARTER                             MINIMUM ADJUSTED
               OF MEASUREMENT PERIOD                             FREE CASH FLOW
               ---------------------                            ----------------
                  3rd Quarter 2001                                 $80,000,000
                  4th Quarter 2001                                  80,000,000
                  1st Quarter 2002                                 275,000,000
                  2nd Quarter 2002                                 350,000,000
                  3rd Quarter 2002                                 375,000,000
                  4th Quarter 2002                                 400,000,000
                 Each Quarter 2003                                 350,000,000

               then the Permitted Dividend Amount for any fiscal quarter during
               which the dividends so declared are to be paid shall be reduced
               on a dollar-for-dollar basis (but not below zero) by the amount
               that the Company's Adjusted Free Cash Flow is less than the
               Minimum Adjusted Free Cash Flow during the applicable Measurement
               Period; provided, further, beginning with the second dividend
               declared after the Company has available regular audited annual
               financial statements for the year ending June 25, 2003 and
               thereafter, no dividends may be declared pursuant to this clause
               (6) unless the Company satisfies each of the following tests as
               of the date of declaration:

               (1)  The Company's ratio as of the last day of the most recent
                    fiscal quarter for which the Company has regular quarterly
                    or annual financial statements of (a) Funded Debt
                    outstanding on the last day of such fiscal quarter to (b)
                    EBITDA for the four fiscal quarters ending on such last day
                    shall be less than 1.5:1.0;

               (2)  The Company's ratio as of the last day of the most recent
                    fiscal quarter for which the Company has regular quarterly
                    or annual financial statements of (a) Adjusted Funded Debt
                    outstanding on the last day of such fiscal quarter to (b)
                    EBITDAR for the four fiscal quarters ending on such last day
                    shall be less than, with respect to any period through
                    fiscal 2004, 4.0:1.0 and thereafter 3.5:1.0;

               (3)  The Company's ratio as of the last day of the most recent
                    fiscal quarter for which the Company has regular quarterly
                    or annual financial statements of (a) EBITDAR to (b) the sum
                    of Consolidated Interest Expense plus Consolidated Rental
                    Expense, in each case, for the four fiscal quarters ending
                    on such last day shall exceed 2.25:1.0; and

                                      -44-

<PAGE>   46

               (4)  The Company's Tangible Net Worth shall exceed at the end of
                    the most recent fiscal quarter for which the Company has
                    regular quarterly or annual financial statements $800
                    million for any calculation made prior to the last day of
                    fiscal 2004 and $900 million thereafter.

               (c) For clarity purposes only, all calculations made pursuant to
          clause (6) of paragraph (b) of this Section shall be based upon the
          Company's most recently available quarterly or annual financial
          statements, as the case may be.

               (d) The $1.02 increase (or decrease, as the case may be) in the
          Permitted Dividend Amount per fiscal year for each share of Common
          Stock issued and outstanding on the record date for any dividend in
          excess of (or less than, as the case may be) the number of shares of
          Common Stock issued and outstanding on January 10, 2001, as specified
          earlier, shall be adjusted:

               (1)  in the case of a stock split, by multiplying such $1.02 by a
                    fraction, the numerator of which is the number of shares of
                    Common Stock issued and outstanding before such stock split
                    and the denominator of which is the number of shares of
                    Common Stock issued and outstanding after such stock split;

               (2)  in the case of a stock dividend, by multiplying such $1.02
                    by a fraction, the numerator of which is the number of
                    shares of Common Stock issued and outstanding before such
                    stock dividend and the denominator of which is the number of
                    shares of Common Stock issued and outstanding after such
                    stock dividend;

               (3)  in the case of a reverse stock split, by multiplying such
                    $1.02 by a fraction, the numerator of which is the number of
                    shares of Common Stock issued and outstanding before such
                    reverse stock split and the denominator of which is the
                    number of shares of Common Stock issued and outstanding
                    after such reverse stock split; and

               (4)  in the case of a reclassification, recapitalization, stock
                    consolidation or other similar transaction, as reasonably
                    determined by the Board of Directors of the Company.

          Section 1016. Limitation on Transactions with Affiliates.

               The Company will not, and will not cause or permit any of its
          Restricted Subsidiaries to, directly or indirectly, enter into any
          transaction or series of related transactions (including, without
          limitation, the sale, purchase, exchange or lease of assets, property
          or services) with or for the benefit of any Affiliate of the Company
          (other than the Company or a Restricted Subsidiary) unless such

                                      -45-

<PAGE>   47

          transaction or series of related transactions is entered into in good
          faith and

               (1)  such transaction or series of related transactions is on
                    terms that are no less favorable to the Company or such
                    Restricted Subsidiary, as the case may be, than those that
                    would be available in a comparable transaction in
                    arm's-length dealings with an unrelated third party,

               (2)  with respect to any transaction or series of related
                    transactions involving aggregate value in excess of $5
                    million the Company delivers an Officers' Certificate to the
                    Trustee certifying that such transaction or series of
                    related transactions complies with clause (1) above, and

               (3)  with respect to any transaction or series of related
                    transactions involving aggregate value in excess of $15
                    million, either

                    (a)  such transaction or series of related transactions has
                         been approved by a majority of the Disinterested
                         Directors of the Board of Directors of the Company, or
                         in the event there is only one Disinterested Director,
                         by such Disinterested Director, or

                    (b)  the Company delivers to the Trustee a written opinion
                         of an investment banking firm of national standing or
                         other recognized independent expert with experience
                         appraising the terms and conditions of the type of
                         transaction or series of related transactions for which
                         an opinion is required stating that the transaction or
                         series of related transactions is fair to the Company
                         or such Restricted Subsidiary from a financial point of
                         view;

          provided, however, that this provision shall not apply to (i)
          reasonable and customary fees and compensation paid to, and indemnity
          provided on behalf of officers, directors, employees or consultants of
          the Company or any Subsidiary as determined by the Board of Directors
          of the Company or any Subsidiary or the senior management thereof in
          good faith or (ii) any transaction, including the payment of
          dividends, permitted as a Permitted Payment, Permitted Investment or
          Restricted Payment pursuant to the covenant described in Section 1015.

          Section 1017. Limitation on Sale of Assets.

               (a) The Company will not, and will not cause or permit any of its
          Restricted Subsidiaries to, directly or indirectly, consummate an
          Asset Sale unless (1) at least 75% of the consideration from such
          Asset Sale other than Asset Swaps

                                      -46-

<PAGE>   48

          is received in cash or Cash Equivalents and (2) the Company or such
          Restricted Subsidiary receives consideration at the time of such Asset
          Sale at least equal to the Fair Market Value of the shares or assets
          subject to such Asset Sale (as determined by the Board of Directors of
          the Company and evidenced in a Board Resolution); provided that the
          amount of:

               (i)    any securities, notes or other obligations received by the
                      Company or any such Restricted Subsidiary in connection
                      with such transferee that are within 20 days converted,
                      sold or exchanged by the Company or such Restricted
                      Subsidiary into cash (to the extent of the cash received);

               (ii)   any Designated Noncash Consideration received by the
                      Company or any of its Restricted Subsidiaries in the Asset
                      Sale; and

               (iii)  any payment, or assumption, of Indebtedness which is
                      secured by the assets sold in the Asset Sale,

          shall be deemed "cash" for purposes of this provision. The aggregate
          fair market value of the Designated Noncash Consideration, taken
          together with the fair market value at the time of receipt of all
          other Designated Noncash Consideration received, may not exceed the
          greater of (x) $70 million in aggregate or (y) 10% of the Company's
          Consolidated Tangible Net Worth over the term of the Securities, at
          the time of the receipt of the Designated Noncash Consideration (with
          the fair market value being measured at the time received and without
          giving effect to subsequent changes in value).

               With respect to an Asset Swap constituting an Asset Sale, the
          Company or any Restricted Subsidiary shall be required to receive in
          cash (as such term is deemed to be defined for purposes of this clause
          (a)) or Cash Equivalents an amount equal to 75% of the proceeds of the
          Asset Sale which do not consist of like-kind assets acquired with the
          Asset Swap.

               (b) If all or a portion of the Net Cash Proceeds of any Asset
          Sale are not required to be applied to repay permanently any
          Indebtedness under the Credit Facility then outstanding as required by
          the terms thereof, or the Company determines not to apply such Net
          Cash Proceeds to the permanent prepayment of such Indebtedness under
          the Credit Facility, or if no such Indebtedness under the Credit
          Facility is then outstanding, then the Company or a Restricted
          Subsidiary may within 30 days before or 360 days after the Asset Sale
          invest an amount up to the Net Cash Proceeds in properties and other
          assets that (as determined by the Board of Directors of the Company)
          replace the properties and assets that were the subject of the Asset
          Sale or in properties and assets that will be used in the businesses
          of the Company or its Restricted Subsidiaries existing on the date of

                                      -47-

<PAGE>   49

          the First Supplemental Indenture or in businesses reasonably related
          or reasonably incidental thereto. The amount of such Net Cash Proceeds
          not used or invested within 30 days before or 360 days after the Asset
          Sale as set forth in this paragraph constitutes "Excess Proceeds."

               (c) When the aggregate amount of Excess Proceeds exceeds $20
          million or more, the Company will apply the Excess Proceeds to the
          repayment of the Securities and any other Pari Passu Indebtedness
          outstanding with similar provisions requiring the Company to make an
          offer to purchase such Indebtedness with the proceeds from any Asset
          Sale as follows:

                    (A)  the Company will make an offer to purchase (an "Offer")
                         from all Holders of the Securities in accordance with
                         the procedures set forth in this Indenture in the
                         maximum principal amount (expressed as a multiple of
                         $1,000) of Securities that may be purchased out of an
                         amount (the "Security Amount") equal to the product of
                         such Excess Proceeds multiplied by a fraction, the
                         numerator of which is the outstanding principal amount
                         of the Securities, and the denominator of which is the
                         sum of the outstanding principal amount (or accreted
                         value in the case of Indebtedness issued with original
                         issue discount) of the Securities and such Pari Passu
                         Indebtedness (subject to proration in the event such
                         amount is less than the aggregate Offered Price (as
                         defined herein) of all Securities tendered), and

                    (B)  to the extent required by such Pari Passu Indebtedness
                         to permanently reduce the principal amount of such Pari
                         Passu Indebtedness (or accreted value in the case of
                         Indebtedness issued with original issue discount), the
                         Company will make an offer to purchase or otherwise
                         repurchase or redeem Pari Passu Indebtedness (a "Pari
                         Passu Offer") in an amount (the "Pari Passu Debt
                         Amount") equal to the excess of the Excess Proceeds
                         over the Security Amount; provided that in no event
                         will the Company be required to make a Pari Passu Offer
                         in a Pari Passu Debt Amount exceeding the principal
                         amount (or accreted value) of such Pari Passu
                         Indebtedness plus the amount of any premium required to
                         be paid to repurchase such Pari Passu Indebtedness.

          The offer price for the Securities will be payable in cash in an
          amount equal to 100% of the principal amount of the Securities plus
          accrued and unpaid interest, if any, to the date (the "Offer Date")
          such Offer is consummated (the "Offered Price"), in accordance with
          the procedures set forth in this Indenture. To the extent that the
          aggregate Offered Price of the Securities tendered pursuant to the

                                      -48-

<PAGE>   50

          Offer is less than the Security Amount relating thereto or the
          aggregate amount of Pari Passu Indebtedness that is purchased in a
          Pari Passu Offer is less than the Pari Passu Debt Amount, the Company
          may use any remaining Excess Proceeds for general corporate purposes.
          If the aggregate principal amount of Securities and Pari Passu
          Indebtedness surrendered by holders thereof exceeds the amount of
          Excess Proceeds, the Trustee shall select the Securities to be
          purchased on a pro rata basis, with such Securities being purchased
          only in denominations of $1,000 or multiples thereof. Upon the
          completion of the purchase of all the Securities tendered pursuant to
          an Offer and the completion of a Pari Passu Offer, the amount of
          Excess Proceeds, if any, shall be reset at zero.

               (d) If the Company becomes obligated to make an Offer pursuant to
          clause (c) above, the Securities and the Pari Passu Indebtedness shall
          be purchased by the Company, at the option of the holders thereof, in
          whole or in part in integral multiples of $1,000, on a date that is
          not earlier than 30 days and not later than 60 days from the date the
          notice of the Offer is given to holders, or such later date as may be
          necessary for the Company to comply with the requirements under the
          Exchange Act.

               (e) The Company will comply with the applicable tender offer
          rules, including Rule 14e-1 under the Exchange Act, and any other
          applicable securities laws or regulations in connection with an Offer.

               (f) Subject to paragraph (e) above, within 30 days after the date
          on which the amount of Excess Proceeds equals or exceeds $20 million,
          the Company shall send or cause to be sent by first-class mail,
          postage prepaid, to the Trustee and to each Holder, at his address
          appearing in the Security Register, a notice stating or including:

                    (1)  that the Holder has the right to require the Company to
                         repurchase, subject to proration, such Holder's
                         Securities at the Offered Price;

                    (2)  the Offer Date;

                    (3)  the instructions a Holder must follow in order to have
                         his Securities purchased in accordance with paragraph
                         (c) of this Section;

                    (4)  (i) the most recently filed Annual Report on Form 10-K
                         (including audited consolidated financial statements)
                         of the Company, the most recent subsequently filed
                         Quarterly Report on Form 10-Q, as applicable, and any
                         Current Report on Form 8-K of the Company filed
                         subsequent to such Quarterly Report, other than Current
                         Reports describing Asset Sales otherwise described in
                         the offering materials (or

                                      -49-

<PAGE>   51

                         corresponding successor reports) (or in the event the
                         Company is not required to prepare any of the foregoing
                         Forms, the comparable information required pursuant to
                         Section 1022), (ii) a description of material
                         developments, if any, in the Company's business
                         subsequent to the date of the latest of such Reports,
                         (iii) if material, appropriate pro forma financial
                         information, and (iv) such other information, if any,
                         concerning the business of the Company which the
                         Company in good faith believes will enable such Holders
                         to make an informed investment decision regarding the
                         Offer;

                    (5)  the Offered Price;

                    (6)  the names and addresses of the Paying Agent and the
                         offices or agencies referred to in Section 1002;

                    (7)  that Securities must be surrendered prior to the Offer
                         Date to the Paying Agent at the office of the Paying
                         Agent or to an office or agency referred to in Section
                         1002 to collect payment;

                    (8)  that any Securities not tendered will continue to
                         accrue interest and that unless the Company defaults in
                         the payment of the Offered Price, any Security accepted
                         for payment pursuant to the Offer shall cease to accrue
                         interest on and after the Offer Date;

                    (9)  the procedures for withdrawing a tender; and

                    (10) that the Offered Price for any Security which has been
                         properly tendered and not withdrawn and which has been
                         accepted for payment pursuant to the Offer will be paid
                         promptly following the Offered Date.

               (g) Holders electing to have Securities purchased hereunder will
          be required to surrender such Securities at the address specified in
          the notice on or prior to the Offer Date. Holders will be entitled to
          withdraw their election to have their Securities purchased pursuant to
          this Section 1017 if the Company receives, not later than the Offer
          Date, a telegram, telex, facsimile transmission or letter setting
          forth (1) the name of the Holder, (2) the certificate number of the
          Security in respect of which such notice of withdrawal is being
          submitted, (3) the principal amount of the Security (which shall be
          $1,000 or an integral multiple thereof) delivered for purchase by the
          Holder as to which his election is to be withdrawn, (4) a statement
          that such Holder is withdrawing his election to have such principal
          amount of such Security purchased, and (5) the principal amount, if
          any, of such Security (which shall be $1,000 or an integral multiple
          thereof) that remains

                                      -50-

<PAGE>   52

          subject to the original notice of the Offer and that has been or will
          be delivered for purchase by the Company.

               (h) The Company shall (i) not later than the Offer Date, accept
          for payment Securities or portions thereof tendered pursuant to the
          Offer, (ii) not later than 10:00 a.m. (New York time) on the Business
          Day following the Offer Date, deposit with the Trustee or with a
          Paying Agent an amount of money in same day funds (or next day funds
          if such deposit is made by 9:00 a.m. (New York time) on the date prior
          to the Offer Date) sufficient to pay the aggregate Offered Price of
          all the Securities or portions thereof which are to be purchased on
          that date and (iii) not later than 10:00 a.m. (New York time) on the
          Business Day following the Offer Date, deliver to the Paying Agent an
          Officers' Certificate stating the Securities or portions thereof
          accepted for payment by the Company. The Paying Agent shall promptly
          mail or deliver to Holders of Securities so accepted payment in an
          amount equal to the Offered Price of the Securities purchased from
          each such Holder, and the Company shall execute and the Trustee shall
          promptly authenticate and mail or deliver to such Holders a new
          Security equal in principal amount to any unpurchased portion of the
          Security surrendered. Any Securities not so accepted shall be promptly
          mailed or delivered by the Paying Agent at the Company's expense to
          the Holder thereof. For purposes of this Section 1017, the Company
          shall choose a Paying Agent which shall not be the Company.

               Subject to applicable escheat laws, the Trustee and the Paying
          Agent shall return to the Company any cash that remains unclaimed,
          together with interest, if any, thereon, held by them for the payment
          of the Offered Price; provided, however, that (x) to the extent that
          the aggregate amount of cash deposited by the Company with the Trustee
          in respect of an Offer exceeds the aggregate Offered Price of the
          Securities or portions thereof to be purchased, then the Trustee shall
          hold such excess for the Company and (y) unless otherwise directed by
          the Company in writing, no later than the second Business Day
          following the Offer Date the Trustee shall return any such excess
          (including, without limitation, monies deposited with respect to an
          election which has been withdrawn in accordance with paragraph (h)) to
          the Company together with interest or dividends, if any, thereon.

               (i) Securities to be purchased shall, on the Offer Date, become
          due and payable at the Offered Price and from and after such date
          (unless the Company shall default in the payment of the Offered Price)
          such Securities shall cease to bear interest. Upon surrender of any
          such Security for purchase in accordance with the foregoing
          provisions, such Security shall be paid by the Company at the Offered
          Price; provided, however, that installments of interest whose Stated
          Maturity is on or prior to the Offer Date shall be payable to the
          Person in whose name the Securities (or any Predecessor Securities) is
          registered as such on the relevant Regular Record Dates according to
          the terms and the provisions of Section 307.

                                      -51-

<PAGE>   53

               (j) If any Security tendered for purchase shall not be so paid
          upon surrender thereof by deposit of funds with the Trustee or a
          Paying Agent in accordance with paragraph (h) above, the principal
          thereof (and premium, if any, thereon) shall, until paid, bear
          interest from the Offer Date at the rate borne by such Security.

               (k) Any Security that is to be purchased only in part shall be
          surrendered to a Paying Agent at the office of such Paying Agent
          (with, if the Company, the Security Registrar or the Trustee so
          requires, due endorsement by, or a written instrument of transfer in
          form satisfactory to the Company and the Security Registrar or the
          Trustee duly executed by, the Holder thereof or such Holder's attorney
          duly authorized in writing), and the Company shall execute and the
          Trustee shall authenticate and deliver to the Holder of such Security,
          without service charge, one or more new Securities of any authorized
          denomination as requested by such Holder in an aggregate principal
          amount equal to, and in exchange for, the portion of the principal
          amount of the Security so surrendered that is not purchased.

               (l) The Company shall publicly announce the results of the Offer
          on or as soon as practicable after the Offer Date.

          Section 1018. Limitation on Issuances of Guarantees of Indebtedness.

               (a) The Company will not cause or permit any Restricted
          Subsidiary (which is not a Guarantor), directly or indirectly, to
          guarantee, assume or in any other manner become liable with respect to
          any Indebtedness of the Company or any Restricted Subsidiary unless
          such Restricted Subsidiary simultaneously executes and delivers a
          supplemental indenture to this Indenture providing for a Guarantee of
          the Securities on the same terms as the guarantee of such Indebtedness
          except that (A) such guarantee need not be secured unless required
          pursuant to Section 1006 and (B) if such Indebtedness is by its terms
          expressly subordinated to the Securities, any such assumption,
          guarantee or other liability of such Restricted Subsidiary with
          respect to such Indebtedness shall be subordinated to such Restricted
          Subsidiary's Guarantee of the Securities at least to the same extent
          as such Indebtedness is subordinated to the Securities.
          Notwithstanding the foregoing, a Subsidiary (which is not a Guarantor)
          whether or not existing as of the date of the First Supplemental
          Indenture, shall not have any obligation to provide a Guarantee of the
          Securities or securities of any series issued under this Indenture,
          except as set forth in this Section 1018.

               (b) Notwithstanding the foregoing, any Guarantee by a Restricted
          Subsidiary of the Securities shall provide by its terms that it (and
          all Liens securing the same) shall be automatically and
          unconditionally released and discharged upon any conveyance, sale,
          exchange or transfer, to any Person not an Affiliate of the Company,
          of all of the Company's Capital Stock in, or all or

                                      -52-

<PAGE>   54

          substantially all the assets of, such Restricted Subsidiary, which
          transaction is in compliance with the terms of this Indenture and such
          Restricted Subsidiary is released from all guarantees, if any, by it
          of other Indebtedness of the Company or any Restricted Subsidiaries
          and, with respect to any Guarantees created after the date of the
          First Supplemental Indenture, the release by the holders of the
          Indebtedness of the Company described in clause (a) above of their
          security interest or their guarantee by such Restricted Subsidiary
          (including any deemed release upon payment in full of all obligations
          under such Indebtedness), at such time as (A) no other Indebtedness of
          the Company has been secured or guaranteed by such Restricted
          Subsidiary, as the case may be, or (B) the holders of all such other
          Indebtedness which is secured or guaranteed by such Restricted
          Subsidiary also release their security interest in or guarantee by
          such Restricted Subsidiary (including any deemed release upon payment
          in full of all obligations under such Indebtedness).

          Section 1019. Limitation on Subsidiary Preferred Stock.

               (a) The Company will not permit any Restricted Subsidiary of the
          Company to issue, sell or transfer any Preferred Stock, except for (1)
          Preferred Stock issued or sold to, held by or transferred to the
          Company or a Restricted Subsidiary, and (2) Preferred Stock issued by
          a Person prior to the time (A) such Person becomes a Restricted
          Subsidiary, (B) such Person merges with or into a Restricted
          Subsidiary or (C) a Restricted Subsidiary merges with or into such
          Person; provided that such Preferred Stock was not issued or incurred
          by such Person in anticipation of the type of transaction contemplated
          by subclause (A), (B) or (C). This clause (a) shall not apply upon the
          acquisition of all the outstanding Preferred Stock of such Restricted
          Subsidiary in accordance with the terms of this Indenture.

               (b) The Company will not permit any Person (other than the
          Company or a Restricted Subsidiary) to acquire Preferred Stock of any
          Restricted Subsidiary from the Company or any Restricted Subsidiary,
          except upon the acquisition of all the outstanding Preferred Stock of
          such Restricted Subsidiary in accordance with the terms of this
          Indenture.

          Section 1020. Limitation on Dividend and Other Payment Restrictions
     Affecting Subsidiaries.

               The Company will not, and will not cause or permit any of its
          Restricted Subsidiaries to, directly or indirectly, create or
          otherwise cause to exist or become effective any consensual
          encumbrance or restriction on the ability of any Restricted Subsidiary
          to

               (1)  pay dividends or make any other distribution on its Capital
                    Stock or any other interest or participation in or measured
                    by its profits,

                                      -53-

<PAGE>   55

               (2)  pay any Indebtedness owed to the Company or any other
                    Restricted Subsidiary,

               (3)  make any Investment in the Company or any other Wholly Owned
                    Restricted Subsidiary or

               (4)  transfer any of its properties or assets to the Company or
                    any other Wholly Owned Restricted Subsidiary.

               However, this covenant will not prohibit any encumbrance or
          restriction (1) pursuant to an agreement in effect on the date of the
          First Supplemental Indenture; (2) with respect to a Restricted
          Subsidiary that is not a Restricted Subsidiary of the Company on the
          date of the First Supplemental Indenture, in existence at the time
          such Person becomes a Restricted Subsidiary of the Company and not
          incurred in connection with, or in contemplation of, such Person
          becoming a Restricted Subsidiary, provided that such encumbrances and
          restrictions are not applicable to the Company or any Restricted
          Subsidiary or the properties or assets of the Company or any
          Restricted Subsidiary other than such Subsidiary which is becoming a
          Restricted Subsidiary; (3) under the Credit Facility; (4) pursuant to
          any agreement governing any Indebtedness permitted by clause (8) of
          the definition of Permitted Indebtedness as to the assets financed
          with the proceeds of such Indebtedness; (5) pursuant to any agreement
          permitted under clause (i) of the definition of Permitted Lien as to
          the assets securing the Permitted Lien; (6) pursuant to intercompany
          indebtedness incurred by a foreign Subsidiary owing to the Company or
          a Restricted Subsidiary which Indebtedness does not exceed $10
          million; (7) contained in any Acquired Indebtedness or other agreement
          of an entity or related to assets acquired by or merged into or
          consolidated with the Company or any Restricted Subsidiaries so long
          as such encumbrance or restriction was not entered into in
          contemplation of the acquisition, merger or consolidation transaction;
          (8) under any agreement that extends, renews, refinances or replaces
          the agreements containing the encumbrances or restrictions in the
          foregoing clauses (1) through (7) or in this clause (8), provided that
          the terms and conditions of any such encumbrances or restrictions are
          no more restrictive in any material respect than those under or
          pursuant to the agreement evidencing the Indebtedness so extended,
          renewed, refinanced or replaced.

          Section 1021. Limitation on Unrestricted Subsidiaries.

               The Company may designate after the Issue Date any Subsidiary as
          an "Unrestricted Subsidiary" under this Indenture (a "Designation")
          only if:

               (a)  no Default shall have occurred and be continuing at the time
                    of or after giving effect to such Designation;

                                      -54-

<PAGE>   56

               (b)  the Company would be permitted to make an Investment (other
                    than a Permitted Investment) at the time of Designation
                    (assuming the effectiveness of such Designation) pursuant to
                    the first paragraph of Section 1015 in an amount (the
                    "Designation Amount") equal to the greater of (1) the net
                    book value of the Company's interest in such Subsidiary
                    calculated in accordance with GAAP or (2) the Fair Market
                    Value of the Company's interest in such Subsidiary as
                    determined in good faith by the Company's Board of
                    Directors;

               (c)  the Company would be permitted under this Indenture to incur
                    $1.00 of additional Indebtedness (other than Permitted
                    Indebtedness) pursuant to the covenant described under
                    Section 1014 at the time of such Designation (assuming the
                    effectiveness of such Designation);

               (d)  such Unrestricted Subsidiary does not own any Capital Stock
                    in any Restricted Subsidiary of the Company which is not
                    simultaneously being designated an Unrestricted Subsidiary;

               (e)  such Unrestricted Subsidiary is not liable, directly or
                    indirectly, with respect to any Indebtedness other than
                    Unrestricted Subsidiary Indebtedness, provided that an
                    Unrestricted Subsidiary may provide a Guarantee for the
                    Securities; and

               (f)  such Unrestricted Subsidiary is not a party to any
                    agreement, contract, arrangement or understanding at such
                    time with the Company or any Restricted Subsidiary unless
                    the terms of any such agreement, contract, arrangement or
                    understanding are no less favorable to the Company or such
                    Restricted Subsidiary than those that might be obtained at
                    the time from Persons who are not Affiliates of the Company
                    or, in the event such condition is not satisfied, the value
                    of such agreement, contract, arrangement or understanding to
                    such Unrestricted Subsidiary shall be deemed a Restricted
                    Payment.

               In the event of any such Designation, the Company shall be deemed
          to have made an Investment constituting a Restricted Payment pursuant
          to Section 1015 for all purposes of this Indenture in the Designation
          Amount.

               The Company shall not and shall not cause or permit any
          Restricted Subsidiary to at any time

               (a)  provide credit support for, guarantee or subject any of its
                    property or assets (other than the Capital Stock of any
                    Unrestricted

                                      -55-

<PAGE>   57

                    Subsidiary) to the satisfaction of, any Indebtedness of any
                    Unrestricted Subsidiary (including any undertaking,
                    agreement or instrument evidencing such Indebtedness), other
                    than Permitted Investments in Unrestricted Subsidiaries, or

               (b)  be directly or indirectly liable for any Indebtedness of any
                    Unrestricted Subsidiary. For purposes of the foregoing, the
                    Designation of a Subsidiary of the Company as an
                    Unrestricted Subsidiary shall be deemed to be the
                    Designation of all of the Subsidiaries of such Subsidiary as
                    Unrestricted Subsidiaries.

               The Company may revoke any Designation of a Subsidiary as an
          Unrestricted Subsidiary (a "Revocation") if:

               (a)  no Default shall have occurred and be continuing at the time
                    of and after giving effect to such Revocation;

               (b)  all Liens and Indebtedness of such Unrestricted Subsidiary
                    outstanding immediately following such Revocation would, if
                    incurred at such time, have been permitted to be incurred
                    for all purposes of this Indenture; and

               (c)  unless such redesignated Subsidiary shall not have any
                    Indebtedness outstanding (other than Indebtedness that would
                    be Permitted Indebtedness), immediately after giving effect
                    to such proposed Revocation, and after giving pro forma
                    effect to the incurrence of any such Indebtedness of such
                    redesignated Subsidiary as if such Indebtedness was incurred
                    on the date of the Revocation, the Company could incur $1.00
                    of additional Indebtedness (other than Permitted
                    Indebtedness) pursuant to the covenant described under
                    Section 1014.

               All Designations and Revocations must be evidenced by a
          resolution of the Board of Directors of the Company delivered to the
          Trustee certifying compliance with the foregoing provisions.

          Section 1022. Provision of Financial Statements.

               Whether or not the Company is subject to Section 13(a) or 15(d)
          of the Exchange Act, the Company will, to the extent permitted under
          the Exchange Act, file with the Commission the annual reports,
          quarterly reports and other documents which the Company would have
          been required to file with the Commission pursuant to Section 13(a) or
          15(d) if the Company were so subject, such documents to be filed with
          the Commission on or prior to the date (the "Required Filing Date") by
          which the Company would have been required so to file such documents
          if the Company were so subject.

                                      -56-

<PAGE>   58

               The Company will also in any event (a) within 15 days of each
          Required Filing Date (1) transmit by mail to all Holders, as their
          names and addresses appear in the Security Register, without cost to
          such Holders and (2) file with the Trustee copies of the annual
          reports, quarterly reports and other documents which the Company would
          have been required to file with the Commission pursuant to Sections
          13(a) or 15(d) of the Exchange Act if the Company were subject to
          either of such Sections and (b) if filing such documents by the
          Company with the Commission is not permitted under the Exchange Act,
          promptly upon written request and payment of the reasonable cost of
          duplication and delivery, supply copies of such documents to any
          prospective holder at the Company's cost.

               If any Guarantor's financial statements would be required to be
          included in the financial statements filed or delivered pursuant to
          this Indenture if the Company were subject to Section 13(a) or 15(d)
          of the Exchange Act, the Company shall include such Guarantor's
          financial statements in any filing or delivery pursuant to this
          Indenture.

          Section 1023. Insurance.

               The Company will, and will cause each of its Restricted
          Subsidiaries to:

               (a) maintain insurance on its property with financially sound and
          reputable insurance companies against loss and damage in at least the
          amounts (and with only those deductibles and self-insurance amounts)
          customarily maintained, and against such risks as are typically
          insured against in the same general area, by Persons of comparable
          size engaged in the same or similar business as the Company and its
          Restricted Subsidiaries, it being understood that the Company and its
          Restricted Subsidiaries are self-insured in substantial amounts with
          respect to various insurable risks; and

               (b) maintain all worker's compensation, employer's liability
          insurance or similar insurance as may be required under the laws of
          any state or jurisdiction in which it may be engaged in business.

          Section 1024. Fall Away Event.

               In the event of the occurrence of a Fall Away Event, the
          covenants and provisions described above under Section 1013, Section
          1014, Section 1015, Section 1016, Section 1017, Section 1019, Section
          1020, Section 1021 and Section 1022, the additional provisions
          described under Article VIII, paragraphs (4) and (10) of Section 501
          and provisions relevant thereto (including any definitions) shall each
          no longer be in effect for the remaining term of the Securities;
          provided that the covenant described within the last paragraph of
          Section 1006 and the definitions relevant thereto shall thereafter
          become in effect; provided that any Liens incurred prior to the Fall
          Away Event shall be deemed

                                      -57-

<PAGE>   59

          permitted under such covenant whether or not such Liens would
          otherwise be permitted.

               As a result, upon the occurrence of a Fall Away Event, the
          Holders of Securities will be entitled to substantially reduced
          covenant protection, even if the Securities do not continue to be
          rated at the Investment Grade level.

          (P)  By adding the following Section to Article XI:

          Section 1108. Optional Redemption.

               After April 1, 2005, the Company may redeem all or a portion of
          the Securities, on not less than 30 nor more than 60 days' prior
          notice, in amounts of $1,000 or an integral multiple thereof at the
          following redemption prices (expressed as percentages of the principal
          amount), if redeemed during the 12-month period beginning April 1 of
          the years indicated below:

          <TABLE>
          <CAPTION>
               YEAR                                                      PRICE
               ----                                                     --------
               <S>                                                      <C>
               2005.................................................    104.438%
               2006.................................................    102.219%
          </TABLE>

          and thereafter at 100% of the principal amount, in each case, together
          with accrued and unpaid interest, if any, to the redemption date
          (subject to the rights of holders of record on relevant record dates
          to receive interest due on an interest payment date).

               In addition, at any time prior to April 1, 2004, the Company, at
          its option, may use the net proceeds of one or more Public Equity
          Offerings to redeem up to an aggregate of 35% of the aggregate
          principal amount of Securities originally issued under this Indenture
          at a redemption price equal to 108.875% of the aggregate principal
          amount of the Securities redeemed, plus accrued and unpaid interest,
          if any, to the redemption date (subject to the rights of holders of
          record on relevant record dates to receive interest due on an interest
          payment date). At least 65% of the initial aggregate principal amount
          of Securities must remain outstanding immediately after the occurrence
          of such redemption. In order to effect this redemption, the Company
          must mail a notice of redemption no later than 30 days after the
          closing of the related Public Equity Offering and must complete such
          redemption within 60 days of the closing of the Public Equity
          Offering.

               If less than all of the Securities are to be redeemed, the
          Trustee shall select the notes to be redeemed in compliance with the
          requirements of the principal national security exchange, if any, on
          which the Securities are listed, or if the Securities are not listed
          by such method the Trustee shall deem fair and

                                      -58-

<PAGE>   60

          reasonable. Securities redeemed in part must be redeemed only in
          integral multiples of $1,000. Redemption pursuant to the provisions
          relating to a Public Equity Offering must be made on a pro rata basis
          or on as nearly a pro rata basis as practicable (subject to the
          procedures of The Depository Trust Company or any other depositary).

          (Q)  By amending Article XVI:

               (a)  by deleting Section 1604 (Release of Guarantors) in its
                    entirety; and

               (b)  by deleting Section 1605 (Additional Guarantors) in its
                    entirety.

          (R)  By amending the entire Base Indenture by deleting, in all
               instances, the phrase "date of the indenture" and replacing it,
               in all instances, with the phrase "date of the First Supplemental
               Indenture"

         SECTION 2. Attached as Exhibit A is the form of Security for the
Securities to be issued under this Indenture.

         SECTION 3. The Base Indenture, as supplemented and amended by this
First Supplemental Indenture, is in all respects ratified and confirmed, and the
Base Indenture and this First Supplemental Indenture shall be read, taken and
construed as one and the same instrument. All provisions included in this First
Supplemental Indenture supersede any similar provisions included in the Base
Indenture unless not permitted by law.

         SECTION 4. If any provision hereof limits, qualifies or conflicts with
another provision hereof which is required to be included in this First
Supplemental Indenture by any of the provisions of the Trust Indenture Act, such
required provision shall control.

         SECTION 5. All covenants and agreements in this First Supplemental
Indenture by the Company shall bind its successors and assigns, whether so
expressed or not.

         SECTION 6. In case any provision in this First Supplemental Indenture
or in the Securities shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions (or of the other series
of Securities) shall not in any way be affected or impaired thereby.

         SECTION 7. Nothing in this First Supplemental Indenture, expressed or
implied, shall give to any Person, other than the parties hereto and their
successors hereunder, and the Holders of the Securities any benefit or any legal
or equitable right, remedy or claim under this First Supplemental Indenture.

                                      -59-

<PAGE>   61

         SECTION 8. This First Supplemental Indenture and each Security shall be
deemed to a contract made under the laws of the State of New York and this First
Supplemental Indenture and each such Security shall be governed by and construed
in accordance with the laws of the State of New York.

         SECTION 9. All terms used in this First Supplemental Indenture not
otherwise defined herein that are defined in the Base Indenture shall have the
meanings set forth therein.

         SECTION 10. This First Supplemental Indenture may be executed in any
number of counterparts, each of which shall be an original; but such
counterparts shall together constitute but one and the same instrument.

                                      -60-

<PAGE>   62

         IN WITNESS WHEREOF, the parties hereto have caused this First
Supplemental Indenture to be duly executed and attested, all as of the day and
year first above written.

                                             WINN-DIXIE STORES, INC.
                                             as Issuer

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             ASTOR PRODUCTS, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             CRACKIN' GOOD, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

<PAGE>   63

Attest:

___________________________________
Name:
Title:

                                             DEEP SOUTH PRODUCTS, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             DIXIE PACKERS, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

<PAGE>   64

                                             MONTEREY CANNING CO.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             WINN-DIXIE CHARLOTTE, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             WINN-DIXIE LOGISTICS, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

<PAGE>   65

                                             WINN-DIXIE LOUISIANA, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             WINN-DIXIE MONTGOMERY, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             WINN-DIXIE PROCUREMENT, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

<PAGE>   66

                                             WINN-DIXIE RALEIGH, INC.
                                             as Guarantor

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

                                             WILMINGTON TRUST COMPANY,
                                             as Trustee,

                                             By: _______________________________
                                                 Name:
                                                 Title:

Attest:

___________________________________
Name:
Title:

<PAGE>   67

STATE OF                       )
                               )  ss.:
COUNTY OF                      )

         On the _______ day of ______________, 2001, before me personally came
______________________________, to me known, who, being by me duly sworn, did
depose and say that he is ___________________ of WINN-DIXIE STORES, INC., ASTOR
PRODUCTS, INC., CRACKIN' GOOD, INC., DEEP SOUTH PRODUCTS, INC., DIXIE PACKERS,
INC., MONTEREY CANNING CO., WINN-DIXIE CHARLOTTE, INC., WINN-DIXIE LOGISTICS,
INC., WINN-DIXIE LOUISIANA, INC., WINN-DIXIE MONTGOMERY, INC., WINN-DIXIE
PROCUREMENT, INC., WINN-DIXIE RALEIGH, INC. each of which are corporations
described in and which executed the foregoing instrument; that he knows the seal
of said corporation; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by authority of the Board of Directors of said
corporation; and that he signed his name thereto by like authority.

                                       _________________________________________
                                       Name:

Notary Public
State of
My Commission expires on

<PAGE>   68

STATE OF                       )
                               )  ss.:
COUNTY OF                      )

On the _______ day of ______________, 2001, before me personally came
______________________________, to me known, who, being by me duly sworn, did
depose and say that he/she is ___________________ of WILMINGTON TRUST COMPANY,
one of the corporations described in and which executed the foregoing
instrument; that he/she knows the seal of said corporation; that the seal
affixed to said instrument is such corporate seal; that it was so affixed by
authority of the Board of Directors of said corporation; and that he/she signed
his/her name thereto by like authority.

                                       _________________________________________
                                       Name:

Notary Public
State of
My Commission expires on

<PAGE>   69

                           EXHIBIT A: FORM OF SECURITY

         THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
         HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
         OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. TRANSFERS OF
         THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
         PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH
         SUCCESSOR'S NOMINEE.

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
         THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
         COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT
         AND ANY SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
         OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
         OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY
         AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
         PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
         IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
         INTEREST HEREIN.

                                                              [Face of the Note]

                             WINN-DIXIE STORES, INC.
                               ------------------

                          8 7/8% SENIOR NOTE DUE 2008

                                                           CUSIP NO. 974280 AB 5

No. __________                                             $300,000,000

         Winn-Dixie Stores, Inc., a Florida corporation (herein called the
"Company," which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to
_____________________________ or registered assigns, the principal sum of
$300,000,000 United States dollars on April 1, 2008, at the office or agency of
the Company referred to below, and to pay interest thereon from March 29, 2001,
or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semiannually on April 1 and October 1 in each year,
commencing October 1, 2001 at the rate of 8-3/8% per annum, subject to
adjustments as described in the second following paragraph, in

<PAGE>   70

United States dollars, until the principal hereof is paid or duly provided for.
Interest shall be computed on the basis of a 360-day year comprised of twelve
30-day months.

         The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in such Indenture, be paid to the
Person in whose name this Security (or any Predecessor Security) is registered
at the close of business on the Regular Record Date for such interest, which
shall be the March 15 or September 15 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid, or duly provided for, and interest on such defaulted interest
at the interest rate borne by the Securities, to the extent lawful, shall
forthwith cease to be payable to the Holder on such Regular Record Date, and may
either be paid to the Person in whose name this Security (or any Predecessor
Security) is registered at the close of business on a Special Record Date for
the payment of such defaulted interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Securities not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the
Securities may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in this Indenture.

         Payment of the principal of, or any premium or interest on, this
Security, and exchange or transfer of the Security, will be made at the office
or agency of the Company in The City of New York maintained for that purpose, or
at such other office or agency as may be maintained for such purpose, in dollars
or other equivalent units of legal tender for payment of public or private debts
in the United States of America; provided, however, that payment of interest may
be made at the option of the Company by check mailed to the address of the
Person entitled thereto as such address shall appear on the Security Register.

         Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

         This Security is entitled to the benefits of Guarantees by each of the
Guarantors of the due and punctual payment and performance of the Guaranteed
Obligations made in favor of the Trustee for the benefit of the Holders.
Reference is hereby made to Article XVI of the Indenture for a statement of the
respective rights, limitations of rights, duties and obligations under the
Guarantees of each of the Guarantors.

         Unless the certificate of authentication hereon has been duly executed
by the Trustee referred to on the reverse hereof or by the authenticating agent
appointed as provided in the Indenture by manual signature of an authorized
officer, this Security shall not be entitled to any benefit under the Indenture,
or be valid or obligatory for any purpose.

<PAGE>   71

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed by the manual or facsimile signature of its authorized officers.

Dated:                                 WINN-DIXIE STORES, INC.

                                       By: _____________________________________

                                       Title: __________________________________

Attest:

_____________________________________
Authorized Officer

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This Security is one of the 8 7/8% Senior Notes due 2008 referred to in the
within-mentioned Indenture.

                                       WILMINGTON TRUST COMPANY,
                                       as Trustee

                                       By: _____________________________________
                                           Authorized Signatory

<PAGE>   72

                                                           [Reverse of the Note]

                             WINN-DIXIE STORES, INC.
                            8 7/8% Senior Note due 2008

         This Security is one of a duly authorized issue of Securities of the
Company designated as its 8 7/8% Senior Notes due 2008 (herein called the
"Securities"), limited (except as otherwise provided in the Indenture referred
to below) in aggregate principal amount to $300,000,000, issued under and
subject to the terms of both an indenture, dated as of December 26, 2000 (herein
called the "Base Indenture") and a First Supplemental Indenture, dated as of
March 29, 2001 (herein called the "First Supplemental Indenture" and
collectively with the Base Indenture, the "Indenture") among the Company, the
Guarantors and Wilmington Trust Company, as trustee (herein called the
"Trustee," which term includes any successor trustee under the Indenture), to
which the Base Indenture, First Supplemental Indenture and all other indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties, obligations and immunities thereunder of
the Company, the Guarantors, the Trustee and the Holders of the Securities, and
of the terms upon which the Securities are, and are to be, authenticated and
delivered.

         The Indenture contains provisions for defeasance at any time of (a) the
entire Indebtedness on the Securities and (b) certain restrictive covenants and
related Defaults and Events of Default, in each case upon compliance with
certain conditions set forth therein.

         The Securities are subject to redemption at any time on or after April
1, 2005, at the option of the Company, in whole or in part, on not less than 30
nor more than 60 days' prior notice to the Holders by first-class mail, in
amounts of $1,000 or an integral multiple thereof, at the following redemption
prices (expressed as percentages of the principal amount), if redeemed during
the 12-month period beginning April 1 of the years indicated below:

<TABLE>
<CAPTION>
                                                          REDEMPTION
         YEAR                                                PRICE
         ----                                             ----------
         <S>                                              <C>
         2005...........................................   104.438%
         2006..........................................    102.219%
</TABLE>

and thereafter at 100% of the principal amount, in each case, together with
accrued and unpaid interest, if any, to the Redemption Date (subject to the
rights of Holders of record on relevant Regular Record Dates or Special Record
Dates to receive interest due on an Interest Payment Date).

         In addition, at any time prior to April 1, 2004, the Company, at its
option, may use the net proceeds of one or more Public Equity Offerings to
redeem up to an aggregate of 35% of the aggregate principal amount of Securities
originally issued under the Indenture at a redemption price equal to 108.875% of
the aggregate principal amount of the Securities redeemed, plus accrued and
unpaid interest, if any, to the redemption date (subject to the rights of
holders of record on relevant record dates to receive interest due on an
interest payment date). At least 65% of the initial aggregate principal amount
of Securities must remain outstanding immediately after the occurrence of such
redemption. In order to effect this redemption, the Company must mail a

<PAGE>   73

notice of redemption no later than 30 days after the closing of the related
Public Equity Offering and must complete such redemption within 60 days of the
closing of the Public Equity Offering.

         If less than all of the Securities are to be redeemed, the Trustee
shall select the Securities to be redeemed by such method as the Trustee shall
deem fair and appropriate and which may provide for the selection for redemption
of portions of the principal amount of Securities. Securities redeemed in part
must be redeemed only in integral multiples of $1,000. Redemption pursuant to
the provisions relating to a Public Equity Offering must be made on a pro rata
basis or on as nearly a pro rata basis as practicable (subject to the procedures
of DTC or any other depositary).

         Upon the occurrence of a Change of Control Event, each Holder may
require the Company to purchase such Holder's Securities in whole or in part in
integral multiples of $1,000, at a purchase price in cash in an amount equal to
101% of the principal amount thereof, plus accrued and unpaid interest, if any,
to the date of purchase, pursuant to a Change of Control Offer in accordance
with the procedures set forth in the Indenture.

         Under certain circumstances, in the event the Net Cash Proceeds
received by the Company from any Asset Sale, which proceeds are not used to
repay any Indebtedness under the Credit Facility then outstanding or invested in
properties or other assets that replace the properties and assets that were the
subject of the Asset Sale or which will be used in the business of the Company
or its Restricted Subsidiaries existing on the date of the First Supplemental
Indenture or in businesses reasonably related or reasonably incidental thereto,
exceeds a specified amount the Company will be required to apply such proceeds
to the repayment of the Securities and certain Indebtedness ranking pari passu
in right of payment to the Securities which Securities and Indebtedness are
purchased at the option of the Holder as described in this Indenture.

         In the case of any redemption or repurchase of Securities in accordance
with the Indenture, interest installments whose Stated Maturity is on or prior
to the Redemption Date will be payable to the Holders of such Securities of
record as of the close of business on the Regular Record Date or Special Record
Date referred to on the face hereof. Securities (or portions thereof) for whose
redemption and payment provision is made in accordance with the Indenture shall
cease to bear interest from and after the Redemption Date.

         In the event of redemption or repurchase of this Security in accordance
with the Indenture in part only, a new Security or Securities for the unredeemed
portion hereof shall be issued in the name of the Holder hereof upon the
cancellation hereof.

         If an Event of Default shall occur and be continuing, the principal
amount of all the Securities may be declared due and payable in the manner and
with the effect provided in the Indenture.

         The Indenture permits, with certain exceptions (including certain
amendments permitted without the consent of any Holders or with the consent of
the Holders of 75% of the Securities) as therein provided, the amendment thereof
and the modification of the rights and

<PAGE>   74

obligations of the Company and the Guarantors and the rights of the Holders
under the Indenture and the Securities and the Guarantees at any time by the
Company and the Trustee with the consent of the Holders of a specified
percentage in aggregate principal amount of the Securities at the time
Outstanding. The Indenture also contains provisions permitting the Holders of
specified percentages in aggregate principal amount of the Securities at the
time Outstanding, on behalf of the Holders of all the Securities, to waive
compliance by the Company and the Guarantors with certain provisions of the
Indenture and the Securities and the Guarantees and certain past Defaults under
the Indenture and the Securities and the Guarantees and their consequences. Any
such consent or waiver by or on behalf of the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or
in exchange herefor or in lieu hereof whether or not notation of such consent or
waiver is made upon this Security.

         The Securities are subject to defeasance or covenant defeasance in
accordance with the Indenture.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, any
Guarantor or any other obligor on the Securities (in the event such Guarantor or
such other obligor is obligated to make payments in respect of the Securities),
which is absolute and unconditional, to pay the principal of, premium, if any,
and interest on, this Security at the times, place, and rate, and in the coin or
currency, herein prescribed, subject to the subordination provisions of the
Indenture.

         This Security is a global Security and is exchangeable for a definitive
certificated Security only if (x) the Depositary notifies the Company that it is
unwilling or unable to continue as depository for the global Security and no
successor depositary is appointed by the Company within 90 days, (y) the
Company, in its sole discretion, executes and delivers to the Trustee a Company
Order to the effect that such global Security shall be so exchangeable, or (z)
there shall have occurred and be continuing an Event of Default with respect to
such Securities. Upon any such occurrence, if the beneficial owners of interests
in a global Security are entitled to exchange such interests for definitive
Securities, the Company shall deliver to the Trustee definitive securities and
the Trustee is then required to authenticate and make available for delivery, in
exchange for each portion of such surrendered global Security, a like aggregate
principal amount of definitive Securities.

         No service charge shall be made for any registration of transfer or
exchange of Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Security for registration of transfer,
the Company, any Guarantor, the Trustee and any agent of the Company, any
Guarantor or the Trustee may treat the Person in whose name this Security is
registered as the owner hereof for all purposes, whether or not this Security is
overdue, and neither the Company, any Guarantor, the Trustee nor any such agent
shall be affected by notice to the contrary.

<PAGE>   75

         THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES
THEREOF.

         All terms used in this Security which are defined in the Indenture and
not otherwise defined herein shall have the meanings assigned to them in the
Indenture.

<PAGE>   76

                              SUBSIDIARY GUARANTEE

         For value received, each of the Guarantors named (or deemed herein to
be named) below hereby absolutely, fully and unconditionally and irrevocably
guarantees, jointly and severally with each other Guarantor, to the Holder of
this Security the payment of principal of, and premium, if any, and interest on
this Security upon which these Subsidiary Guarantees are endorsed in the amounts
and at the time when due and payable, whether by declaration thereof, or
otherwise, and interest on the overdue principal and interest, if any, of this
Security, if lawful, and the payment or performance of all other obligations of
the Company under the Indenture or the Securities, to the Holder of this
Security and the Trustee, all in accordance with and subject to the terms and
limitations of this Security and the Indenture. This Subsidiary Guarantee will
not become effective until the Trustee duly executes the certificate of
authentication on this Security. This Subsidiary Guarantee shall be governed by
and construed in accordance with the laws of the State of New York, without
regard to conflict of law principles thereof.

         IN WITNESS WHEREOF, each of the Guarantors has caused this Subsidiary
Guarantee to be duly executed.

Dated:
                                        ASTOR PRODUCTS, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        CRACKIN' GOOD, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        DEEP SOUTH PRODUCTS, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

<PAGE>   77

                                        DIXIE PACKERS, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        MONTEREY CANNING CO.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        WINN-DIXIE CHARLOTTE, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        WINN-DIXIE LOGISTICS, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        WINN-DIXIE LOUISIANA, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

<PAGE>   78

                                        WINN-DIXIE MONTGOMERY, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        WINN-DIXIE PROCUREMENT, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

                                        WINN-DIXIE RALEIGH, INC.
                                        as Guarantor

                                        By: ____________________________________

                                        Title: _________________________________

Attest:

_____________________________________<PAGE>   1
                                                                   Exhibit 10.15
                                                                     (Form 10-K)

                AMENDED AND RESTATED CITIZENS BANKING CORPORATION
                      SUPPLEMENTAL RETIREMENT BENEFITS PLAN
                               FOR JOHN W. ENNEST

         WHEREAS, Citizens Banking Corporation ("Corporation") established the
Supplemental Retirement Benefits Plan for John W. Ennest ("Prior Plan"),
effective as of July 19, 1996; and

         WHEREAS, the Corporation and John W. Ennest desire to amend and restate
the Plan in its entirety.

         Accordingly, the Prior Plan is amended and restated in its entirety as
follows:

         1.       COVERAGE. The coverage of the Plan shall be limited to John W.
Ennest ("Participant").

         2.       SUPPLEMENTAL RETIREMENT BENEFIT. Participant shall, subject to
paragraph 3, be entitled to the supplemental retirement benefit ("Supplemental
Retirement Benefit") described below:

                  (a)      AMOUNT AT AGE 65. The annual amount of the
Supplemental Retirement Benefit, when expressed in the form of a single life
annuity commencing at age 65, shall be equal to the excess of (i) over (ii),
where--

                           (i) is 50.0% of the highest average base salary paid
                  and bonus earned during any consecutive three years out of the
                  last five years of employment by Corporation, and

                           (ii) is the sum of Participant's normal retirement
                  benefit under the Citizens Banking Corporation Pension Plan
                  for Employees ("Pension Plan") calculated as of his attainment
                  of age 65, and Participant's Social Security benefit also
                  calculated as of age 65, in each case without regard to any
                  changes in either benefit amount that may occur subsequent to
                  that age due to increases for cost-of-living or other factors.

                  (b)      AMOUNT AT AGE PRIOR TO AGE 65. If Participant elects
early retirement under the Pension Plan, the annual amount of the Supplemental
Retirement Benefit, when expressed in the form of a single life annuity
commencing at such early retirement date, shall be equal to the excess of (i)
over (ii), where--

                           (i) is 50.0% of the highest average base salary paid
                  and bonus earned during any consecutive three years out of the
                  last five years of employment by Corporation, reduced by 1/3rd
                  of 1.0% for each complete calendar month that the
                  Participant's retirement date precedes his 65th birthday, and

<PAGE>   2
                                                                               2

                           (ii) is the sum of Participant's early retirement
                  benefit under the Pension Plan calculated as a Participant's
                  early retirement age, and Participant's Social Security
                  benefit also calculated as of Participant's early retirement
                  age (or, if later, the earliest age at which Participant is
                  entitled to receive a Social Security benefit, but with that
                  Social Security amount reduced by 5/9th of 1.0% for each
                  complete calendar month that Participant's early retirement
                  date precedes his first eligibility for such benefit), in each
                  case without regard to any changes in either benefit amount
                  that may occur subsequent to such age due to increases for
                  cost-of-living or other factors.

                  (c)      COMMENCEMENT AND FORM OF BENEFIT. Supplemental
Retirement Benefit payments shall be made in monthly installments at the same
time as normal or early retirement benefits, as the case may be, under the
Pension Plan, but in no event earlier than Participant's attainment of age 61.
If Participant is married at the time Supplemental Retirement Benefits commence
hereunder, the Supplemental Retirement Benefit shall be converted to and paid in
the form of a 50% joint and survivor annuity with Participant's spouse as the
joint annuitant, unless Participant validly elects another form of payment for
benefits under the Pension Plan, in which case the Supplemental Retirement
Benefit shall be converted to and payable in the same form as elected under the
Pension Plan. In all events, all forms of payment of the Supplemental Retirement
Benefit shall be computed using the same formulas and actuarial factors set
forth in the Pension Plan for the determination of optional forms of benefits.
For purposes of this paragraph 2, Participant's "spouse" shall be determined in
accordance with the Pension Plan.

         3.       CONDITIONS. Payment of benefits under the Plan shall be made
only upon receipt of benefits from the Pension Plan. If after a Change in
Control Participant is "involuntarily dismissed" by the Corporation or
Participant's employment is terminated as a result of a "constructive
termination" (as such terms are defined in Participant's Amended and Restated
Change in Control Agreement) or Participant dies or becomes disabled,
Participant shall be credited with three years of age and service in order to
determine Participant's Supplemental Retirement Benefit and Participant shall
have a vested and non-forfeitable right to receive such Supplemental Retirement
Benefit.

         4.       COST OF PLAN.

                  (a)      The entire cost of providing benefits under the Plan
shall be paid by Corporation out of its current operating budget, and
Corporation's obligations under the Plan shall be an unfunded and unsecured
promise to pay. Corporation shall not be obligated under any circumstances to
fund its obligations under the Plan.

                  (b)      Notwithstanding paragraph (a), Corporation may, at
its sole option, or by agreement, informally fund its obligations under the Plan
in whole or in part, through a group or individual rabbi or similar trust
established with a banking institution unaffiliated with Corporation; provided,
however, in no event shall such informal funding be construed to create any
trust fund, escrow account or other security for Participant with respect to the
payment of

<PAGE>   3
                                                                               3

benefits under the Plan, other than as permitted under Internal Revenue Service
and Department of Labor rules and regulations for unfounded supplemental
retirement plans.

                  (c)      If Corporation decides to fund the Plan informally,
in whole or in part, by procuring, as owner, life insurance for its own benefit
on the life of Participant, the form of such insurance and the amounts thereof
shall be the sole decision of Corporation, and in no event shall Participant or
any beneficiary have any incidents of ownership in any such policies of
insurance. If a physical examination is required for Corporation to obtain
insurance for Participant under paragraph Participant agrees to undergo such
physical examinations as may be required by the insurance carrier. Such physical
examinations shall be conducted by a physician approved by Corporation, at the
expense of Corporation.

                  (d)      No contributions by Participant are required or
permitted under the Plan.

                  (e)      All taxes on benefits payable to Participant under
the Plan, except for the employer's share of applicable employment taxes, shall
be the obligation of Participant. To the extent that benefits (or their present
value) become taxable to Participant at any time prior to actual payment of
those benefits, such as in the case of the Medicare tax, and to the extent that
Corporation is required to withhold taxes, those taxes shall be withheld from
other compensation payable by Corporation to Participant.

         5.       LIMITATION OF PARTICIPANT'S RIGHTS.

                  (a)      The Plan not be deemed to create a contract of
employment between Corporation and Participant and shall create no right in
Participant to continue in Corporation's employment for any specific period of
time, or to create any other rights in Participant or obligations on the part of
Corporation, except as are set forth herein or in any written employment
contract. Nor shall the Plan restrict the right of Corporation to terminate
Participant, or restrict the right of Participant to terminate his employment,
except as otherwise provided by written employment contract.

                  (b)      The rights of Participant or any person claiming
through Participant under the Plan shall be solely those of an unsecured general
creditor of Corporation. Participant, or any person claiming through
Participant, shall have the right to receive from Corporation only those
payments as specified herein. Participant agrees that he or any person claiming
through him shall have no rights or interests in any asset of Corporation.

                  (c)      Except to the extent provided by paragraph 4(b) and
as permitted by applicable tax law, no asset used or acquired by Corporation in
connection with the liabilities it has assumed under the Plan shall be deemed to
be held under any trust for the benefit of Participant. Nor shall it be
considered security for the performance of the obligations of Corporation,
except as provided by separate agreement and as permitted under Internal Revenue
Service and Department of Labor rules and regulations for unfounded supplemental
retirement plans.

<PAGE>   4
                                                                               4

         6.       PLAN ADMINISTRATOR AND CLAIMS PROCEDURE.

                  (a) The Plan Administrator and Named Fiduciary of the Plan for
purposes of the Employee Retirement Income Security Act of 1974, as amended,
shall be the Compensation and Benefits Committee of Corporation's Board of
Directors, whose business address is c/o Citizens Banking Corporation, 328 S.
Saginaw St., Flint, Michigan 48502-9985, and whose telephone number is (810)
766-7500. Corporation's Board of Directors shall have the right to change the
Plan Administrator and Named Fiduciary of the Plan at any time, and to change
the address and telephone number of the same. Corporation shall give Participant
written notice of any such change in the Plan Administrator and Named Fiduciary
or in the address or telephone number of the same.

                (b) Participant, or other person claiming through Participant,
must file a written claim for benefits with the Plan Administrator as a
prerequisite to the payment of benefits under the Plan. Any denial by the Plan
Administrator of a claim for benefits under the Plan by Participant or other
person (collectively referred to as "claimant") shall be stated in writing by
the Plan Administrator and delivered or mailed to the claimant within 90 days
after receipt of the claim unless special circumstances require an extension of
time for processing the claim. If such an extension of time is required, written
notice of the extension shall be furnished to the claimant prior to the
termination of the initial 90-day period. In no event shall such extension
exceed a period of 90 days from the end of the initial period. Any notice of
denial shall set forth the specific reasons for the denial, specific reference
to pertinent provisions of the Plan upon which the denial is based, a
description of any additional material or information necessary for the claimant
to perfect his claim, with an explanation of why such material or information is
necessary, and any explanation of claim review procedures under the Plan,
written to the best of the Plan Administrator's ability in a manner that may be
understood without legal or actuarial counsel.

                  (c) A claimant whose claim for benefits has been wholly or
partially denied by the Plan Administrator may request, within 90 days following
the date of such denial, in a writing addressed to the Plan Administrator, a
review of such denial. The claimant shall be entitled to submit such issues or
comments in writing or otherwise, as he shall consider relevant to a
determination of his claim, and may include a request for a hearing in person
before the Plan Administrator. Prior to submitting his request, the claimant
shall be entitled to review such documents as the Plan Administrator shall agree
are pertinent to his claim. The claimant may, at all stages of review, be
represented by counsel, legal or otherwise, of his choice, provided that the
fees and expenses of such counsel shall be borne by the claimant. All requests
for review shall be promptly resolved. The Plan Administrator's decision with
respect to any such review shall be set forth in writing and shall be mailed to
the claimant not later than 60 days following receipt by the Plan Administrator
of the claimant's request unless special circumstances, such as the need to hold
a hearing, require an extension of time for processing, in which case the Plan
Administrator's decision shall be so mailed not later than 120 days after
receipt of such request. In no decision or review is rendered within this 120
day period, the claimant's appeal shall be deemed denied and the Plan
Administrator's original denial of the claim affirmed.

<PAGE>   5
                                                                               5

                  (d) Any claim under this claims procedure must be submitted
within twelve months from the earlier of (1) the date on which the claimant
learned of facts sufficient to enable him to formulate such claim or (2) the
date on which the claimant reasonably should have been expected to learn of
facts sufficient to enable him to formulate such claim.

                  (e) The decision of the Plan Administrator upon review of any
claim shall be binding upon the claimant, his heirs and assigns, and all other
persons claiming by, through or under him.

                  (f) The timely filing of a request for review in the manner
specified above shall be a condition precedent to obtaining review before the
Plan Administrator, and the Plan Administrator shall have no jurisdiction to
entertain a request for review unless so filed. A failure to file a claim and a
request for review in the manner and within the time limits set forth above
shall be deemed a failure by the aggrieved party to exhaust his administrative
remedies and shall constitute a waiver of the rights sought to be established
under the Plan.

                  (g) Any suit brought to contest or set aside a decision of the
Plan Administrator shall be filed in a court of competent jurisdiction within
one year from the date of receipt of written notice of the Plan Administrator's
final decision or from the date the appeal is deemed denied, if later. No legal
action to recover Plan benefits or to enforce or clarify rights under the Plan
shall be commenced until the claimant first shall have exhausted the claims and
review procedures available to him hereunder.

         7.       INDEPENDENCE OF BENEFITS. Except as otherwise provided herein,
the benefits payable under the Plan shall be independent of, and in addition to,
any other benefits or compensation, whether by salary, or bonus or otherwise,
payable under any employment agreements that now exist or may hereafter exist
from time to time between Corporation and Participant. The Plan does not involve
a reduction in salary or foregoing of an increase in future salary by
Participant. Nor does the Plan in any way affect or reduce the existing and
future compensation and other benefits of Participant.

         8.       NON-ALIENATION OF BENEFITS. Except in so far as this provision
may be contrary to applicable law, no sale, transfer, alienation, assignment,
pledge, collateralization, or attachment of any benefits under the Plan shall be
valid.

         9.       RIGHT TO AMEND OR TERMINATE PLAN.

                  (a) Corporation reserves the right to amend the Plan in any
manner, and Corporation reserves the right to terminate the Plan at any time in
whole or part. Amendment or termination of the Plan shall be accomplished by
resolution of Corporations Board of Directors.

                  (b) Notwithstanding paragraph (a), no such amendment or
termination shall reduce or otherwise affect the benefits payable to or on
behalf of Participant that have accrued prior to such amendment or termination
without the written consent of Participant (or beneficiary, if applicable).

<PAGE>   6
                                                                               6

           10.      CONSTRUCTION AND GOVERNING LAW.

                  (a) Wherever any words are used in the Plan in the masculine
gender, they shall be construed as though they also were used in the feminine
gender in all cases where they would so apply, and wherever any words are used
in the Plan in the singular form they shall be construed as though they also
were used in the plural form in all cases where they would so apply, and vice
versa.

                  (b) Headings of paragraphs herein are inserted for convenience
of reference. They constitute no part of the Plan and are not to be considered
in the construction of the Plan.

                  (c) If any provisions of the Plan shall be for any reason
invalid or unenforceable, the remaining provisions nevertheless shall be carried
into effect.

                  (d) Except in the case of preemption by applicable federal
law, the Plan shall be governed by the laws of the State of Michigan.

                  (e) This Plan constitutes the entire arrangement between
Corporation and Participant with respect to the subject matter addressed herein.
This Plan amends, restates, supercedes and replaces the Prior Plan in its
entirety.

                  It is intended that the Plan shall be unfunded and maintained
by Corporation primarily for the purpose of providing deferred compensation for
a select group of management or highly compensated employees, so that the Plan
is exempt from the requirements of Parts 2, 3 and 4 of the Employee Retirement
Income Security Act of 1974, as amended. All provisions shall be interpreted in
accordance with such intentions.

                  Citizens Banking Corporation has caused the Plan, as amended
and restated herein, to be executed on November 28, 2000.

                          CITIZENS BANKING CORPORATION

                          By:
                             ---------------------------------------------
                              Hugo E. Braun, Jr., Chairman
                              Compensation and Human Resources Committee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]