Document:

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                                                                   EXHIBIT 10.18

                                                                  EXECUTION COPY

                                  $300,000,000

                               RENT-A-CENTER, INC.

                    7 1/2% SENIOR SUBORDINATED NOTES DUE 2010

                               PURCHASE AGREEMENT

                                                                     May 1, 2003

LEHMAN BROTHERS INC.
J.P. MORGAN SECURITIES INC.
MORGAN STANLEY & CO. INCORPORATED
BEAR, STEARNS & CO. INC.
UBS WARBURG LLC
WACHOVIA SECURITIES, INC.
  c/o Lehman Brothers Inc.
      745 Seventh Avenue
      New York, NY 10019

Ladies and Gentlemen:

                  RENT-A-CENTER, INC., a Delaware corporation (the "Company"),
proposes, upon the terms and conditions set forth herein, to issue and sell to
you, as the initial purchasers (the "Initial Purchasers"), $300,000,000 in
aggregate principal amount of its 7 1/2% Senior Subordinated Notes due 2010 (the
"Notes"). The Notes will (i) have terms and provisions that are summarized in
the Offering Memorandum (as defined below) and (ii) are to be issued pursuant to
an Indenture (the "Indenture") to be entered into among the Company, the
Guarantors (as defined below) and The Bank of New York, as trustee (the
"Trustee"). The Company's obligations under the Notes, including the due and
punctual payment of interest on the Notes, will be irrevocably and
unconditionally guaranteed (the "Guarantees") by Rent-A-Center East, Inc., a
Delaware corporation, ColorTyme, Inc., a Texas corporation, Rent-A-Center West,
Inc. (formerly known as Advantage Companies, Inc.), a Delaware corporation, Get
It Now, LLC, a Delaware limited liability company, Rent-A-Center Texas, L.P., a
Texas limited partnership, and Rent-A-Center Texas, L.L.C., a Nevada limited
liability company (collectively, the "Guarantors"). The Notes and the Guarantees
are collectively referred to as the "Securities." This is to confirm the
agreement concerning the purchase of the Securities from the Company by the
Initial Purchasers.

                  The Securities will be offered and sold to the Initial
Purchasers without being registered under the Securities Act of 1933, as amended
(the "Securities Act"), in reliance upon an exemption therefrom. The Company and
the Guarantors have prepared a preliminary offering memorandum dated April 25,
2003 (the "Preliminary Offering Memorandum") and will prepare an offering
memorandum dated the date hereof (the "Offering Memorandum") setting forth
information concerning the Company, the Guarantors, the Securities and the
Exchange Securities (as defined herein). Copies of the Preliminary Offering
Memorandum have been, and copies of the Offering Memorandum will be, delivered
by the Company to the Initial Purchasers pursuant to the terms of this agreement
(the "Agreement"). The Company and the Guarantors hereby confirm that they have
authorized the use of the Preliminary Offering Memorandum and the Offering
Memorandum in connection with the offering and resale of the Securities by the
Initial Purchasers in accordance with Section 2.

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                  Any reference to the Preliminary Offering Memorandum or the
Offering Memorandum shall be deemed to refer to and include the Company's most
recent Annual Report on Form 10-K and all subsequent documents filed with the
United States Securities and Exchange Commission (the "Commission") pursuant to
Section 13(a), 13(c) or 15(d) of the United States Securities Exchange Act of
1934, as amended (the "Exchange Act"), on or prior to the date of the
Preliminary Offering Memorandum or the Offering Memorandum, as the case may be
(the "Incorporated Documents"). Any reference to the Preliminary Offering
Memorandum or the Offering Memorandum, as the case may be, as amended or
supplemented, as of any specified date, shall be deemed to include (i) any
documents filed with the Commission pursuant to Section 13(a), 13(c) or 15(d) of
the Exchange Act after the date of the Preliminary Offering Memorandum or the
Offering Memorandum, as the case may be, and prior to such specified date. All
documents filed under the Exchange Act and so deemed to be included in the
Preliminary Offering Memorandum or the Offering Memorandum, as the case may be,
or any amendment or supplement thereto are hereinafter called the "Exchange Act
Reports."

                  It is understood and acknowledged that upon original issuance
thereof, and until such time as the same is no longer required under the
applicable requirements of the Securities Act, the Securities (and all
securities issued in exchange therefor, in substitution thereof) shall bear the
following legend (along with such other legends as the Initial Purchasers and
their counsel deem necessary):

         "THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED
         STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT") AND MAY NOT BE
         OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A)(1) TO A
         PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL
         BUYER WITHIN THE MEANING OF RULE 144A UNDER THE Securities ACT
         PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
         INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
         144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE
         904 OF REGULATION S UNDER THE Securities ACT, (3) PURSUANT TO AN
         EXEMPTION FROM REGISTRATION UNDER THE Securities ACT PROVIDED BY RULE
         144 THEREUNDER (IF AVAILABLE), (4) TO AN INSTITUTIONAL ACCREDITED
         INVESTOR IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF
         THE Securities ACT, (5) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE
         REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN
         OPINION OF COUNSEL IF RENT-A-CENTER, INC. SO REQUESTS) OR (6) PURSUANT
         TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE Securities ACT AND (B)
         IN ACCORDANCE WITH ALL APPLICABLE BLUE SKY LAWS OF THE STATES OF THE
         UNITED STATES."

                  You have advised the Company that you will make offers (the
"Exempt Resales") of the Securities purchased by you hereunder on the terms set
forth in the Offering Memorandum, as amended or supplemented, solely to (i)
persons whom you reasonable believe to be "qualified institutional buyers" (a
"Qualified Institutional Buyers") as defined in Rule 144A under the Securities
Act ("Rule 144A"); and (ii) outside the United States to certain persons in
offshore transactions in reliance on Regulation S under the Securities Act
("Regulation S"). Those persons specified in clauses (i) and (ii) are referred
to herein

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as the "Eligible Purchasers". You will offer the Securities to Eligible
Purchasers initially at a price equal to 100.0% of the principal amount thereof.
Such price may be changed at any time without notice.

                  Holders of the Securities (including the Initial Purchasers
and their direct and indirect transferees) will be entitled to the benefits of a
Registration Rights Agreement, substantially in the form attached hereto as
Annex A (the "Registration Rights Agreement"), among the Company, the Guarantors
and the Initial Purchasers to be dated May 6, 2003 (the "Closing Date"), for so
long as such Securities constitute "Transfer Restricted Securities" (as defined
in the Registration Rights Agreement). Pursuant to the Registration Rights
Agreement, the Company and the Guarantors will agree to file with the
Commission, under the circumstances set forth therein, (i) a registration
statement under the Securities Act (the "Exchange Offer Registration Statement")
registering an issue of senior subordinated notes of the Company and guarantees
of each of the Guarantors (the "Exchange Securities") which are identical in all
material respects to the Securities (except that the Exchange Securities will
not contain terms with respect to transfer restrictions or additional interest
upon certain failures to comply with the Registration Rights Agreement) to be
offered in exchange for the Securities and (ii) under certain circumstances, a
shelf registration statement pursuant to Rule 415 under the Securities Act (the
"Shelf Registration Statement").

                  The Company will use the net proceeds from the offering of the
Securities to repurchase all of the Company's outstanding 11% Senior
Subordinated Notes due 2008, Series D, and will use the remainder to repay a
portion of the term loans under the Credit Agreement (as defined herein).

                  1.       Representations, Warranties and Agreements of the
Company and the Guarantors. The Company and each of the Guarantors, jointly and
severally, represent and warrant to the several Initial Purchasers on and as of
the date hereof and the Closing Date that:

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

                  (b)      Each of the Preliminary Offering Memorandum and the
         Offering Memorandum, as of its respective date, did not, and on the
         Closing Date, the Offering Memorandum will not, contain any untrue
         statement of a material fact or omit to state a material fact required
         to be stated therein or necessary in order to make the statements
         therein, in the light of the circumstances under which they were made,
         not misleading; except that this representation and warranty does not
         apply to statements in or omissions from the Preliminary Offering
         Memorandum and Offering Memorandum made in reliance upon and in
         conformity with information relating to the Initial Purchasers
         furnished to the Company in writing by or on behalf of the Initial
         Purchasers expressly for use therein.

                  (c)      Each of the Preliminary Offering Memorandum and the
         Offering Memorandum, as of its respective date, contains all of the
         information that, if requested by a prospective purchaser of the
         Securities, would be required to be provided to such prospective
         purchaser pursuant to Rule 144A(d)(4) under the Securities Act.

                  (d)      Assuming the accuracy of the representations and
         warranties of the Initial Purchasers contained in Section 2 and their
         compliance with the agreements set forth therein, it is not necessary,
         in connection with the issuance and sale of the Securities to the
         Initial Purchasers and the Exempt Resales in the manner contemplated by
         this Agreement and the Offering

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         Memorandum, to register the Securities under the Securities Act or to
         qualify the Indenture under the Trust Indenture Act of 1939, as amended
         (the "Trust Indenture Act").

                  (e)      The Company, the Guarantors and each of their
         respective subsidiaries have been duly incorporated and are validly
         existing as corporations in good standing under the laws of their
         respective jurisdictions of incorporation, are duly qualified to do
         business and are in good standing as foreign corporations in each
         jurisdiction in which their respective ownership or lease of property
         or the conduct of their respective businesses requires such
         qualification, and have all power and authority necessary to own or
         hold their respective properties and to conduct the businesses in which
         they are engaged, except where the failure to so qualify or have such
         power or authority would not, singularly or in the aggregate, have a
         material adverse effect on the condition (financial or otherwise),
         results of operations, business or prospects of the Company, the
         Guarantors and their respective subsidiaries taken as a whole (a
         "Material Adverse Effect").

                  (f)      The Company will, on the Closing Date, have
         capitalization as set forth in the Offering Memorandum under the
         heading "Capitalization"; and all of the outstanding shares of capital
         stock of the Company and the Guarantors have been duly and validly
         authorized and issued and are fully paid and non-assessable. All of the
         outstanding shares of capital stock of each subsidiary of the Company
         have been duly and validly authorized and issued, are fully paid and
         non-assessable and are owned directly or indirectly by the Company and
         the Guarantors, respectively, free and clear of any lien, charge,
         encumbrance, security interest, restriction upon voting or transfer or
         any other claim of any third party, except for Permitted Liens (as that
         term is defined in the Indenture) and as otherwise disclosed in the
         Offering Memorandum.

                  (g)      Each of the Company and each Guarantor has full
         right, power and authority to execute and deliver this Agreement, the
         Indenture, the Registration Rights Agreement, the Securities and the
         Exchange Securities (collectively, the "Transaction Documents") to
         which it is a party and to perform its obligations hereunder and
         thereunder; and all corporate action required to be taken for the due
         and proper authorization, execution and delivery of each of the
         Transaction Documents to which it is a party and the consummation of
         the transactions contemplated thereby have been duly and validly taken.

                  (h)      This Agreement has been duly authorized, executed and
         delivered by the Company and each Guarantor.

                  (i)      The Registration Rights Agreement has been duly
         authorized by the Company and each of the Guarantors and, when duly
         executed and delivered in accordance with its terms by each of the
         parties thereto, will constitute a valid and legally binding agreement
         of the Company and each of the Guarantors, enforceable against the
         Company and each of the Guarantors in accordance with its terms, except
         to the extent that such enforceability may be limited by applicable
         bankruptcy, insolvency, fraudulent conveyance, reorganization,
         moratorium and other similar laws affecting creditors' rights generally
         and by general equitable principles (whether considered in a proceeding
         in equity or at law).

                  (j)      The Indenture has been duly authorized by the Company
         and each of the Guarantors and, when duly executed and delivered in
         accordance with its terms by each of the parties thereto, will
         constitute a valid and legally binding agreement of the Company and
         each of the Guarantors, enforceable against the Company and each of the
         Guarantors in accordance with its terms, except to the extent that such
         enforceability may be limited by applicable bankruptcy, insolvency,
         fraudulent conveyance, reorganization, moratorium and other similar
         laws affecting creditors' rights generally and by general equitable
         principles (whether considered in a

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         proceeding in equity or at law). On the Closing Date, the Indenture
         will conform in all material respects to the requirements of the Trust
         Indenture Act and the rules and regulations of the Commission
         applicable to an indenture which is qualified thereunder.

                  (k)      The Guarantees have been duly authorized by each of
         the Guarantors and, when the Notes have been duly executed,
         authenticated, issued and delivered as provided in the Indenture and
         paid for as provided herein, will constitute a valid and legally
         binding obligation of each of the Guarantors, enforceable against each
         of the Guarantors in accordance with its terms, except to the extent
         that such enforceability may be limited by applicable bankruptcy,
         insolvency, fraudulent conveyance, reorganization, moratorium and other
         similar laws affecting creditors' rights generally and by general
         equitable principles (whether considered in a proceeding in equity or
         at law).

                  (l)      The Securities and the Exchange Securities have been
         duly authorized by the Company and each of the Guarantors and, when
         duly executed, authenticated, issued and delivered as provided in the
         Indenture and, in the case of the Notes, when paid for as provided
         herein, will be duly and validly issued and outstanding and will
         constitute valid and legally binding obligations of the Company and
         each of the Guarantors, entitled to the benefits of the Indenture and
         enforceable against the Company and the Guarantors in accordance with
         their terms, except to the extent that such enforceability may be
         limited by applicable bankruptcy, insolvency, fraudulent conveyance,
         reorganization, moratorium and other similar laws affecting creditors'
         rights generally and by general equitable principles (whether
         considered in a proceeding in equity or at law).

                  (m)      Each Transaction Document conforms in all material
         respects to the description thereof contained in the Offering
         Memorandum.

                  (n)      The execution, delivery and performance by the
         Company and each of the Guarantors of each of the Transaction Documents
         to which it is a party, the issuance, authentication, sale and delivery
         of the Securities and the use of proceeds thereof and compliance by the
         Company and each of the Guarantors with the terms thereof and the
         consummation of the transactions contemplated by the Transaction
         Documents to which it is a party will not conflict with or result in a
         breach or violation of any of the terms or provisions of, or constitute
         a default under, or result in the creation or imposition of any lien,
         charge or encumbrance upon any property or assets of the Company or the
         Guarantors pursuant to, any material indenture, mortgage, deed of
         trust, loan agreement or other material agreement or instrument to
         which the Company or any Guarantor is a party or by which the Company
         or any Guarantor is bound or to which any of the property or assets of
         the Company or any Guarantor is subject, nor will such actions result
         in any violation of the provisions of the charter or by-laws of the
         Company or any Guarantor or any statute or any judgment, order, decree,
         rule or regulation of any court or arbitrator or governmental agency or
         body having jurisdiction over the Company or any Guarantor or any of
         their respective properties or assets; and no consent, approval,
         authorization or order of, or filing or registration with, any such
         court or arbitrator or governmental agency or body under any such
         statute, judgment, order, decree, rule or regulation is required for
         the execution, delivery and performance by the Company or each of the
         Guarantors of each of the Transaction Documents to which it is a party,
         the issuance, authentication, sale and delivery of the Securities and
         compliance by the Company and each of the Guarantors with the terms
         thereof and the consummation of the transactions contemplated by the
         Transaction Documents to which it is a party, except for such consents,
         approvals, authorizations, filings, registrations or qualifications (i)
         which shall have been obtained or made prior to the Closing Date, (ii)
         as may be required to be obtained or made under the Securities Act and
         applicable state securities laws as

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         provided in the Registration Rights Agreement and (iii) which shall not
         adversely affect the ability of the Company and each Guarantor to
         consummate the transactions contemplated by the Transaction Documents.

                  (o)      There are no contracts, agreements or understandings
         between the Company, any Guarantor and any person granting such person
         the right (other than rights which have been waived or satisfied) to
         require the Company or any Guarantor to file a registration statement
         under the Securities Act with respect to any securities of the Company
         or any guarantor (other than the Registration Rights Agreement) owned
         or to be owned by such person or to require the Company or any
         Guarantor to include such securities in the securities registered
         pursuant to the Registration Rights Agreement or in any securities
         being registered pursuant to any other registration statement filed by
         the Company or any Guarantor under the Securities Act.

                  (p)      Grant Thornton LLP are independent certified public
         accountants with respect to the Company and its subsidiaries (i) as
         required by the Securities Act and the rules and regulations of the
         Commission thereunder and (ii) within the meaning of Rule 101 of the
         Code of Professional Conduct of the American Institute of Certified
         Public Accountants ("AICPA") and its interpretations and rulings
         thereunder. The historical financial statements (including the related
         notes) contained or incorporated by reference in the Offering
         Memorandum comply in all material respects with the requirements
         applicable to a registration statement on Form S-1 under the Securities
         Act; such financial statements have been prepared in accordance with
         generally accepted accounting principles consistently applied
         throughout the periods covered thereby and fairly present the financial
         position of the entities purported to be covered thereby at the
         respective dates indicated and the results of their operations and
         their cash flows for the respective periods indicated; and the
         financial information contained in the Offering Memorandum under the
         headings "Summary--Summary Historical Consolidated Financial
         Information", "Capitalization", "Selected Historical Consolidated
         Financial Data" and "Management's Discussion and Analysis of Financial
         Condition and Results of Operations", is derived from the accounting
         records of the Company and its subsidiaries and such sections of the
         Offering Memorandum fairly present the information purported to be
         shown thereby in all material respects. The other historical financial
         and statistical information and data included or incorporated by
         reference in the Offering Memorandum are, in all material respects,
         fairly presented.

                  (q)      Except as otherwise stated in the Offering
         Memorandum, there are no legal or governmental proceedings pending to
         which the Company or any Guarantor is a party or of which any property
         or assets of the Company or any Guarantor is the subject which,
         singularly or in the aggregate, if determined adversely to the Company
         or any of its subsidiaries, could reasonably be expected to have a
         Material Adverse Effect; and to the best knowledge of the Company and
         each Guarantor, no such proceedings are threatened or contemplated by
         governmental authorities or threatened by others.

                  (r)      The Preliminary Offering Memorandum and the Offering
         Memorandum have been prepared by the Company and the Guarantors for use
         by the Initial Purchasers in connection with Exempt Resales. No action
         has been taken and no statute, rule, regulation or order has been
         enacted, adopted or issued by any governmental agency or body which
         prevents the issuance of the Securities or suspends the sale of the
         Securities in any jurisdiction; no injunction, restraining order or
         order of any nature by any federal or state court of competent
         jurisdiction has been issued with respect to the Company or any
         Guarantor which would prevent or suspend the issuance or sale of the
         Securities or the use of the Preliminary Offering Memorandum or the
         Offering Memorandum in any jurisdiction; no action, suit or proceeding
         is pending against or, to

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         the knowledge of the Company or any Guarantor after reasonable due
         inquiry, threatened against or affecting the Company or any Guarantor
         before any court or arbitrator or any governmental agency, body or
         official, domestic or foreign, which could reasonably be expected to
         interfere with or adversely affect the issuance of the Securities or in
         any manner draw into question the validity or enforceability of any of
         the Transaction Documents or any action taken or to be taken pursuant
         thereto; and the Company and each Guarantor have complied with any and
         all requests by any securities authority in any jurisdiction for
         additional information to be included in the Preliminary Offering
         Memorandum and the Offering Memorandum.

                  (s)      Neither the Company nor any Guarantor is (i) in
         violation of its charter or by-laws, (ii) in default in any material
         respect, and no event has occurred which, with notice or lapse of time
         or both, would constitute such a default, in the due performance or
         observance of any term, covenant or condition contained in any material
         indenture, mortgage, deed of trust, loan agreement or other material
         agreement or instrument to which it is a party or by which it is bound
         or to which any of its property or assets is subject or (iii) in
         violation in any material respect of any material law, ordinance,
         governmental rule, regulation or court decree to which it or its
         property or assets may be subject.

                  (t)      The Company and the Guarantors possess all material
         licenses, certificates, authorizations and permits issued by, and have
         made all declarations and filings with, the appropriate federal, state
         or foreign regulatory agencies or bodies which are necessary or
         desirable for the ownership of their respective properties or the
         conduct of their respective businesses as described in the Offering
         Memorandum, except where the failure to possess or make the same would
         not, singularly or in the aggregate, have a Material Adverse Effect,
         and neither the Company nor any Guarantor has received notification of
         any revocation or modification of any such license, certificate,
         authorization or permit or has any reason to believe that any such
         license, certificate, authorization or permit will not be renewed in
         the ordinary course.

                  (u)      The Company and the Guarantors have filed all
         federal, state, local and foreign income and franchise tax returns
         required to be filed through the date hereof and have paid all taxes
         due thereon, except such returns, which individually or in the
         aggregate, do not involve material amounts or where the failure to file
         such returns by the Company and the Guarantors, as the case may be,
         would not, individually or in the aggregate, materially adversely
         affect the business, operations or prospects of such entity, and no tax
         deficiency has been determined adversely to the Company or any
         Guarantor, as the case may be, which has had (nor does the Company or
         any Guarantor have any knowledge of any tax deficiency which, if
         determined adversely to the Company or any Guarantor, as the case may
         be, could reasonably be expected to have) a Material Adverse Effect,
         except to the extent that the validity thereof is being contested in
         good faith pursuant to appropriate proceedings.

                  (v)      Neither the Company nor any Guarantor is, or after
         giving effect to the offering and sale of the Securities and upon
         application of the proceeds as described under the caption "Use of
         Proceeds" in the Offering Memorandum, will be (i) an "investment
         company" or a company "controlled by" an investment company within the
         meaning of the Investment Company Act of 1940, as amended (the
         "Investment Company Act"), and the rules and regulations of the
         Commission thereunder or (ii) a "holding company" or a "subsidiary
         company" of a holding company or an "affiliate" thereof within the
         meaning of the Public Utility Holding Company Act of 1935, as amended.

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                  (w)      The Company and the Guarantors maintain a system of
         internal accounting controls sufficient to provide reasonable assurance
         that (i) transactions are executed in accordance with management's
         general or specific authorizations; (ii) transactions are recorded as
         necessary to permit preparation of financial statements in conformity
         with generally accepted accounting principles and to maintain asset
         accountability; (iii) access to assets is permitted only in accordance
         with management's general or specific authorization; and (iv) the
         recorded accountability for assets is compared with the existing assets
         at reasonable intervals and appropriate action is taken with respect to
         any differences.

                  (x)      The Company and the Guarantors maintain insurance of
         the types and in the amounts generally deemed adequate for their
         businesses and consistent with insurance coverage maintained by similar
         companies and businesses, all of which insurance is in full force and
         effect.

                  (y)      The Company and the Guarantors own or possess
         adequate rights to use all material patents, patent applications,
         trademarks, service marks, trade names, trademark registrations,
         service mark registrations, copyrights, licenses and know-how
         (including trade secrets and other unpatented and/or unpatentable
         proprietary or confidential information, systems or procedures)
         necessary for the conduct of their respective businesses; and the
         Company and the Guarantors have not received any notice of any claim of
         conflict with, any such rights of others, except for such notices of
         conflicts, which, if individually or in the aggregate determined
         adversely to the Company or any Guarantor, as the case may be, would
         not have a Material Adverse Effect.

                  (z)      There are no contracts or other documents which are
         required to be described in the Offering Memorandum by the Securities
         Act or by the rules and regulations of the Commission thereunder which
         have not been described in the Offering Memorandum or incorporated
         therein by reference as permitted by such rules and regulations and
         there are no contracts or other documents that would be required to be
         filed as exhibits to a Company registration statement pursuant to Item
         601(10) of Regulation S-K that have not been described in the Offering
         Memorandum.

                  (aa)     No relationship, direct or indirect, exists between
         or among the Company on the one hand, and the directors, officers,
         stockholders, customers or suppliers of the Company on the other hand,
         which is required to be described in the Offering Memorandum which is
         not so described.

                  (bb)     The Company and the Guarantors have good and
         marketable title to, or have valid rights to lease or otherwise use,
         all items of real and personal property which are material to the
         business of the Company and the Guarantors, in each case free and clear
         of all liens, encumbrances, claims and defects and imperfections of
         title except such as (i) do not materially interfere with the use made
         and proposed to be made of such property by the Company and the
         Guarantors, (ii) pledged under the Senior Credit Facility (as such term
         is defined in the Indenture) or (iii) could not reasonably be expected
         to have a Material Adverse Effect.

                  (cc)     No strike or work stoppages by the employees of the
         Company or any Guarantor exists or, to the Company's or any Guarantor's
         knowledge after reasonable due inquiry, is contemplated or threatened.

                  (dd)     No "prohibited transaction" (as defined in Section
         406 of the Employee Retirement Income Security Act of 1974, as amended,
         including the regulations and published interpretations thereunder
         ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as

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         amended from time to time (the "Code")) or "accumulated funding
         deficiency" (as defined in Section 302 of ERISA) or any of the events
         set forth in Section 4043(b) of ERISA (other than events with respect
         to which the 30-day notice requirement under Section 4043 of ERISA has
         been waived) has occurred with respect to any employee benefit plan of
         the Company or any Guarantor which could reasonably be expected to have
         a Material Adverse Effect; each such employee benefit plan is in
         compliance in all material respects with applicable law, including
         ERISA and the Code; the Company and each Guarantor have not incurred
         and do not expect to incur liability under Title IV of ERISA with
         respect to the termination of, or withdrawal from, any pension plan for
         which the Company or any Guarantor would have any liability; and each
         such pension plan that is intended to be qualified under Section 401(a)
         of the Code is so qualified in all material respects and nothing has
         occurred, whether by action or by failure to act, which could
         reasonably be expected to cause the loss of such qualification.

                  (ee)     There has been no storage, generation,
         transportation, handling, treatment, disposal, discharge, emission or
         other release of any kind of toxic or other wastes or other hazardous
         substances by, due to or caused by the Company or any Guarantor upon
         any of the property now or, to the knowledge of the Company or any
         Guarantor, as the case may be, previously owned or leased by the
         Company or any Guarantor, in violation of any statute or any ordinance,
         rule, regulation, order, judgment, decree or permit or which would,
         under any statute or any ordinance, rule (including rule of common
         law), regulation, order, judgment, decree or permit, give rise to any
         liability, except for any violation or liability which could not
         reasonably be expected to have, singularly or in the aggregate with all
         such violations and liabilities, a Material Adverse Effect; and there
         has been no disposal, discharge, emission or other release of any kind
         onto such property or into the environment surrounding such property of
         any toxic or other wastes or other hazardous substances with respect to
         which the Company or any Guarantor has knowledge, except for any such
         disposal, discharge, emission or other release of any kind which could
         not reasonably be expected to have, singularly or in the aggregate with
         all such discharges and other releases, a Material Adverse Effect.

                  (ff)     Neither the Company nor any Guarantor nor, to the
         Company's or any Guarantor's knowledge after reasonable due inquiry,
         any employee or agent of the Company, or any Guarantor, has used any
         corporate funds for any unlawful contribution, gift, entertainment or
         other unlawful expense relating to political activity, made any direct
         or indirect unlawful payment to any foreign or domestic government
         official or employee from corporate funds; violated or is in violation
         of any provisions of the Foreign Corrupt Practices Act of 1977; or made
         any bribe, rebate, payoff, influence payment, kickback or other
         unlawful payment.

                  (gg)     On and immediately after the Closing Date, the
         Company and each Guarantor (after giving effect to the issuance of the
         Securities and to the other transactions related thereto as described
         in the Offering Memorandum) will be Solvent. As used in this paragraph,
         the term "Solvent" means, with respect to a particular date, that on
         such date (i) the present fair market value (or present fair saleable
         value) of the assets of the Company and of each Guarantor, as the case
         may be, is not less than the total amount required to pay the probable
         liabilities of the Company or such Guarantor on its total existing
         debts and liabilities (including contingent liabilities) as they become
         absolute and matured, (ii) each of the Company and the Guarantors is
         able to realize upon its assets and pay its debts and other
         liabilities, contingent obligations and commitments as they mature and
         become due in the normal course of business, (iii) assuming the sale of
         the Securities as contemplated by this Agreement and the Offering
         Memorandum, each of the Company and the Guarantors is not incurring
         debts or liabilities beyond its ability to pay as such debts and
         liabilities mature and (iv) the Company and each Guarantor is not
         engaged in any business or transaction, and is not about to engage in
         any business or transaction, for which its

                                        9

<PAGE>

         property would constitute unreasonably small capital after giving due
         consideration to the prevailing practice in the industry in which the
         Company and each Guarantor is engaged. In computing the amount of such
         contingent liabilities at any time, it is intended that such
         liabilities will be computed at the amount that, in the light of all
         the facts and circumstances existing at such time, represents the
         amount that can reasonably be expected to become an actual or matured
         liability.

                  (hh)     Neither the Company nor any Guarantor owns any
         "margin securities" as that term is defined in Regulations T and U of
         the Board of Governors of the Federal Reserve System (the "Federal
         Reserve Board"), and none of the transactions contemplated by this
         Agreement (including, without limitation, the use of proceeds from the
         sale of the Securities), will violate or result in any violation of
         Section 7 of the Exchange Act, or any regulation promulgated
         thereunder, including, without limitation, Regulations T, U and X of
         the Federal Reserve Board.

                  (ii)     Except as contemplated by this Agreement, neither the
         Company nor any Guarantor is a party to any contract, agreement or
         understanding with any person that would give rise to a valid claim
         against the Company, any Guarantor or the Initial Purchasers for a
         brokerage commission, finder's fee or like payment in connection with
         the offering and sale of the Securities.

                  (jj)     The Securities satisfy the eligibility requirements
         of Rule 144A(d)(3) under the Securities Act.

                  (kk)     Assuming the accuracy of the representations and
         warranties of the Initial Purchasers set forth in Section 2 hereof,
         none of the Company, any of the Guarantors, any of their respective
         affiliates or any person acting on its or their behalf has engaged or
         will engage in any directed selling efforts (as such term is defined in
         Regulation S under the Securities Act ("Regulation S")), and all such
         persons have complied and will comply with the offering restrictions
         requirement of Regulation S to the extent applicable.

                  (ll)     Assuming the accuracy of the representations and
         warranties of the Initial Purchasers set forth in Section 2 hereof,
         neither the Company nor any of the Guarantors nor any of their
         affiliates has, directly or through any agent, sold, offered for sale,
         solicited offers to buy or otherwise negotiated in respect of, any
         security (as such term is defined in the Securities Act) which is or
         will be integrated with the sale of the Securities in a manner that
         would require registration of the Securities under the Securities Act.

                  (mm)     Assuming the accuracy of the representations and
         warranties of the Initial Purchasers set forth in Section 2 hereof,
         none of the Company, any of the Guarantors, or any of their respective
         affiliates or any other person acting on its or their behalf has
         engaged, in connection with the offering of the Securities, in any form
         of general solicitation or general advertising within the meaning of
         Rule 502(c) under the Securities Act.

                  (nn)     Assuming the accuracy of the representations and
         warranties of the Initial Purchasers set forth in Section 2 hereof, the
         Company, each Guarantor or any of their respective affiliates or any
         other person acting on its or their behalf has engaged, has not taken
         and will not take, directly or indirectly, any action prohibited by
         Regulation M under the Exchange Act in connection with the offering of
         the Securities.

                  (oo)     No forward-looking statement (within the meaning of
         Section 27A of the Securities Act and Section 21E of the Exchange Act)
         contained in the Preliminary Offering

                                       10

<PAGE>

         Memorandum or the Offering Memorandum has been made or reaffirmed
         without, in light of the circumstances under which such statements were
         made, a reasonable basis or has been disclosed other than in good
         faith.

                  (pp)     Since the date as of which information is given in
         the Offering Memorandum, except as otherwise stated therein, (i) there
         has been no material adverse change or any development involving a
         prospective material adverse change in the condition, financial or
         otherwise, or in the earnings, business affairs, management or business
         prospects of the Company or any Guarantor, whether or not arising in
         the ordinary course of business, (ii) the Company and the Guarantor
         have not incurred any material liability or obligation, direct or
         contingent, other than in the ordinary course of business, (iii) the
         Company and the Guarantors have not entered into any material
         transaction other than in the ordinary course of business and (iv)
         there has not been any change in the capital stock or long-term debt of
         the Company or any Guarantor, or except with respect to dividends of
         the Company's Series A Preferred Stock, any dividend or distribution of
         any kind declared, paid or made by the Company or any Subsidiary
         Guarantor on any class of its capital stock, or any redemption in
         respect thereof.

                  (qq)     The minute books and records of the Company, the
         Guarantors and their respective subsidiaries relating to proceedings of
         their respective shareholders, boards of directors, and committees of
         their respective boards of directors made available to Latham & Watkins
         LLP, counsel for the Initial Purchasers, are their original minute
         books and records or are true, correct and complete copies thereof,
         with respect to all proceedings of said shareholders, boards of
         directors and committees since April 2000 through the date hereof. In
         the event that definitive minutes have not been prepared with respect
         to any proceedings of such shareholders, boards of directors or
         committees, the Company has provided Latham & Watkins LLP with
         originals or true, correct and complete copies of draft minutes or
         written agendas relating thereto, which drafts and agendas, if any,
         reflect all events that occurred in connection with such proceedings.

                  (rr)     All instruments, records, agreements and other
         documents requested in Latham & Watkins LLP's document request letter
         dated April 15, 2003 have been provided to, or made available for
         inspection by, Latham & Watkins LLP.

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

                  (tt)     The Company has established and maintains disclosure
         controls and procedures (as such term is defined in Rule 13a-14 under
         the Exchange Act), which (i) are designed to ensure that material
         information relating to the Company, including its consolidated
         subsidiaries, is made known to the Company's principal executive
         officer and its principal financial officer by others within those
         entities, particularly during the periods in which the periodic reports
         required under the Exchange Act are being prepared; (ii) have been
         evaluated for effectiveness as of a date within 90 days prior to the
         date of the Company's most recent annual or quarterly report; and (iii)
         are effective in all material respects to perform the functions for
         which they were established.

                  (uu)     Based on the evaluation of its disclosure controls
         and procedures, the Company is not aware of (i) any significant
         deficiency in the design or operation of internal controls which could
         adversely affect the Company's ability to record, process, summarize
         and report financial data or any material weaknesses in internal
         controls; or (ii) any fraud, whether or not material, that involves
         management or other employees who have a significant role in the
         Company's internal controls.

                                       11

<PAGE>

                  (vv)     Since the date of the most recent evaluation of such
         disclosure controls and procedures, there have been no significant
         changes in internal controls or in other factors that could
         significantly affect internal controls, including any corrective
         actions with regard to significant deficiencies and material
         weaknesses.

                  (ww)     The Exchange Act Reports, when they were or are filed
with the Commission, conformed or will conform in all material respects to the
applicable requirements of the Exchange Act and the applicable rules and
regulations of the Commission thereunder.

                  (yy)     The amendment to the Company's amended and restated
credit agreement (the "Credit Agreement"), dated as of December 31, 2002, among
the Company, Rent-A-Center East, Inc., the banks and other financial
institutions party thereto from time to time, Comerica, N.A. as the
documentation agent, NationsBank, N.A. as syndication agent, and JPMorgan Chase
Bank, as administrative agent (the "Bank Document") has been duly authorized,
executed and delivered by the Company and constitutes a valid and legally
binding agreement of the Company, enforceable against the Company in accordance
with its terms, except to the extent that such enforceability may be limited by
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws affecting creditors' rights generally and by
general equitable principles (whether considered in a proceeding in equity or at
law).

                  2.       Purchase and Resale of the Securities.

                  (a)      On the basis of the representations, warranties and
agreements contained herein, and subject to the terms and conditions set forth
herein, the Company and the Guarantors, jointly and severally, agree to issue
and sell to each of the Initial Purchasers and each of the Initial Purchasers,
severally and not jointly, agrees to purchase from the Company, the principal
amount of Securities set forth opposite the name of such Initial Purchaser on
Schedule 1 hereto at a purchase price equal to 97.875% of the principal amount
thereof. The Company and the Guarantors shall not be obligated to deliver any of
the Securities except upon payment for all of the Securities to be purchased as
provided herein.

                  (b)      The Initial Purchasers have advised the Company that
they propose to offer the Securities for resale upon the terms and subject to
the conditions set forth herein and in the Offering Memorandum. Each Initial
Purchaser, severally and not jointly, represents, warrants and agrees that (i)
it is a Qualified Institutional Buyer with such knowledge and experience in
financial and business matters as are necessary in order to evaluate the merits
and risks of an investment in the Securities; (ii) it is purchasing the
Securities pursuant to a private sale exempt from registration under the
Securities Act, (iii) it has not solicited offers for, or offered or sold, and
will not solicit offers for, or offer or sell, the Securities by means of any
form of general solicitation or general advertising within the meaning of Rule
502(c) of Regulation D or in any manner involving a public offering within the
meaning of Section 4(2) of the Securities Act and (iv) in connection with the
Exempt Resales, it has solicited and will solicit offers for the Securities only
from, and has offered or sold and will offer, sell or deliver the Securities, as
part of their initial offering, only to Eligible Purchasers in accordance with
this Agreement and on the terms contemplated by the Offering Memorandum.

                  (c)      In connection with the offer and sale of Securities
in reliance on Regulation S, each Initial Purchaser, severally and not jointly,
represents, warrants and agrees that:

                           (i)      the Securities have not been registered
                  under the Securities Act and may not be offered or sold within
                  the United States or to, or for the account or benefit of,
                  U.S.

                                       12

<PAGE>

                  persons except pursuant to an exemption from, or in
                  transactions not subject to, the registration requirements of
                  the Securities Act;

                           (ii)     such Initial Purchaser has offered and sold
                  the Securities, and will offer and sell the Securities, (A) as
                  part of their distribution at any time and (B) otherwise until
                  40 days after the later of the commencement of the offering of
                  the Securities and the Closing Date, only in accordance with
                  Regulation S or Rule 144A or any other available exemption
                  from registration under the Securities Act;

                           (iii)    neither of such Initial Purchaser nor any of
                  its affiliates nor any other person acting on its or their
                  behalf has engaged or will engage in any directed selling
                  efforts with respect to the Securities, and all such persons
                  have complied and will comply with the offering restrictions
                  requirement of Regulation S;

                           (iv)     at or prior to the confirmation of sale of
                  any Securities sold in reliance on Regulation S, such Initial
                  Purchaser will have sent to each distributor, dealer or other
                  person receiving a selling concession, fee or other
                  remuneration that purchases Securities from it during the
                  restricted period a confirmation or notice to substantially
                  the following effect:

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

                           (v)      such Initial Purchaser has not and will not
                  enter into any contractual arrangement with any distributor
                  with respect to the distribution of the Securities, except
                  with its affiliates or with the prior written consent of the
                  Company.

Terms used in this Section 2(c) have the meanings given to them by Regulation S.

                  (d)      Each Initial Purchaser, severally and not jointly,
represents and agrees that (i) it has not offered or sold and, prior to the date
six months after the date of issuance of the Securities, will not offer or sell
any Securities to persons in the United Kingdom except to persons whose ordinary
activities involve them in acquiring, holding, managing or disposing of
investments (as principal or agent) for the purposes of their businesses or
otherwise in circumstances which have not resulted and will not result in an
offer to the public in the United Kingdom within the meaning of the Public
Offers of Securities Regulations 1995 (as amended); (ii) it has only
communicated or caused to be communicated and will only communicate or cause to
be communicated any invitation or inducement to engage in investment activity
(within the meaning of Section 21 of the Financial Services and Markets Act
2000) received by it in connection with the issue or sale of any Securities in
circumstances in which Section 21(1) of the Financial Services and Markets Act
2000 does not apply to the Company; and (iii) it has complied and will comply
with all applicable provisions of the Financial Services and Markets Act 2000
with respect to anything done by it in relation to the Securities in, from or
otherwise involving the United Kingdom.

                                       13

<PAGE>

                  (e)      Each Initial Purchaser acknowledges and agrees that
the Company and, for purposes of the opinions to be delivered to the Initial
Purchasers pursuant to Sections 5(d) and (e), counsel for the Company and for
the Initial Purchasers, respectively, may rely upon the accuracy of the
representations and warranties of the Initial Purchasers and their compliance
with their agreements contained in this Section 2, and each Initial Purchaser
hereby consents to such reliance.

                  (f)      The Company acknowledges and agrees that the Initial
Purchasers may sell Securities to any affiliate of an Initial Purchaser and that
any such affiliate may sell Securities purchased by such affiliate to an Initial
Purchaser.

                  3.       Delivery of and Payment for the Securities.

                  (a)      Delivery of and payment for the Securities shall be
made at the offices of Latham & Watkins LLP, New York, New York, or at such
other place as shall be agreed upon by the Initial Purchasers and the Company,
at 9:00 A.M., New York City time, on the Closing Date or at such other time or
date, not later than seven full business days thereafter, as shall be agreed
upon by the Initial Purchasers and the Company.

                  (b)      The Securities will be delivered to the Initial
Purchasers, or the Trustee as custodian for The Depository Trust Company
("DTC"), against payment by or on behalf of the Initial Purchasers of the
purchase price therefor by wire transfer in immediately available funds, by
causing DTC to credit the Securities to the account of the Initial Purchasers at
DTC. The Securities will be evidenced by one or more global securities in
definitive form (the "Global Notes") or by additional definitive securities, and
will be registered, in the case of the Global Notes, in the name of Cede & Co.
as nominee of DTC, and in the other cases, in such names and in such
denominations as the Initial Purchasers shall request prior to 9:30 A.M., New
York City time, on the second business day preceding the Closing Date. The
Securities to be delivered to the Initial Purchasers shall be made available to
the Initial Purchasers in New York City for inspection and packaging not later
than 9:30 A.M., New York City time, on the business day next preceding the
Closing Date.

                  4.       Further Agreements of the Company and the Guarantors.
The Company and each of the Guarantors, jointly and severally, agree with each
of the Initial Purchasers as follows:

                  (a)      to advise the Initial Purchasers promptly and, if
         requested, confirm such advice in writing, of the happening of any
         event which makes any statement of a material fact made in the Offering
         Memorandum untrue or which requires the making of any additions to or
         changes in the Offering Memorandum (as amended or supplemented from
         time to time) in order to make the statements therein, in the light of
         the circumstances under which they were made, not misleading; to advise
         the Initial Purchasers promptly of any order preventing or suspending
         the use of the Offering Memorandum, of any suspension of the
         qualification of the Securities for offering or sale in any
         jurisdiction and of the initiation or threatening of any proceeding for
         any such purpose; and to use its best efforts to prevent the issuance
         of any such order preventing or suspending the use of the Offering
         Memorandum or suspending any such qualification and, if any such
         suspension is issued, to obtain the lifting thereof at the earliest
         possible time;

                  (b)      to furnish promptly to each of the Initial Purchasers
         and counsel for the Initial Purchasers, without charge, as many copies
         of the Offering Memorandum (and any amendments or supplements thereto)
         as they may reasonably request;

                  (c)      prior to making any amendment or supplement to the
         Offering Memorandum, to furnish a copy thereof to each of the Initial
         Purchasers and counsel for the Initial Purchasers and

                                       14

<PAGE>

         not to effect any such amendment or supplement to which the Initial
         Purchasers shall reasonably object by notice to the Company after a
         reasonable period to review;

                  (d)      if, at any time prior to completion of the resale of
         the Securities by the Initial Purchasers, any event shall occur or
         condition exist as a result of which it is necessary, in the opinion of
         counsel for the Initial Purchasers or counsel for the Company, to amend
         or supplement the Offering Memorandum in order that the Offering
         Memorandum will not include an untrue statement of a material fact or
         omit to state a material fact necessary in order to make the statements
         therein, in the light of the circumstances existing at the time it is
         delivered to a purchaser, not misleading, or if it is necessary to
         amend or supplement the Offering Memorandum to comply with applicable
         law, to promptly prepare such amendment or supplement as may be
         necessary to correct such untrue statement or omission or so that the
         Offering Memorandum, as so amended or supplemented, will comply with
         applicable law;

                  (e)      for so long as the Securities are outstanding and are
         "restricted securities" within the meaning of Rule 144(a)(3) under the
         Securities Act, to furnish to holders of the Securities and prospective
         purchasers of the Securities designated by such holders, upon request
         of such holders or such prospective purchasers, the information
         required to be delivered pursuant to Rule 144A(d)(4) under the
         Securities Act, unless the Company is then subject to and in compliance
         with Section 13 or 15(d) of the Exchange Act (the foregoing agreement
         being for the benefit of the holders from time to time of the
         Securities and prospective purchasers of the Securities designated by
         such holders);

                  (f)      for a three-year period ending on the third
         anniversary of the Closing Date, to furnish to the Initial Purchasers
         copies of any annual reports, quarterly reports and current reports
         filed by the Company with the Commission on Forms 10-K, 10-Q and 8-K,
         or such other similar forms as may be designated by the Commission, and
         such other documents, reports and information as shall be furnished by
         the Company to the Trustee or to the holders of the Securities pursuant
         to the Indenture or the Exchange Act or any rule or regulation of the
         Commission thereunder;

                  (g)      to promptly take from time to time such actions as
         the Initial Purchasers may reasonably request to qualify the Securities
         for offering and sale under the securities or Blue Sky laws of such
         jurisdictions in the United States as the Initial Purchasers may
         reasonably designate and to continue such qualifications in effect for
         so long as required for the resale of the Securities; and to arrange
         for the determination of the eligibility for investment of the
         Securities under the laws of such jurisdictions as the Initial
         Purchasers may reasonably request; provided that the Company and its
         subsidiaries will not be required to qualify generally to do business
         in any jurisdiction where they are not then so qualified or to take any
         action which would subject it to general service of process or to
         taxation in any such jurisdiction where it is not then so subject;

                  (h)      to assist the Initial Purchasers in arranging for the
         Securities to be designated Private Offerings, Resales and Trading
         through Automated Linkages ("PORTAL") Market securities in accordance
         with the rules and regulations adopted by the National Association of
         Securities Dealers, Inc. ("NASD") relating to trading in the PORTAL
         Market and for the Securities to be eligible for clearance and
         settlement through DTC;

                  (i)      not to, and to cause its affiliates not to, sell,
         offer for sale or solicit offers to buy or otherwise negotiate in
         respect of any security (as such term is defined in the Securities Act)
         which could be integrated with the sale of the Securities in a manner
         which would require registration of the Securities under the Securities
         Act;

                                       15

<PAGE>

                  (j)      except following the effectiveness of the Exchange
         Offer Registration Statement or the Shelf Registration Statement, as
         the case may be, not to, and to cause its affiliates not to, and not to
         authorize or knowingly permit any person acting on their behalf to,
         solicit any offer to buy or offer to sell the Securities by means of
         any form of general solicitation or general advertising within the
         meaning of Regulation D or in any manner involving a public offering
         within the meaning of Section 4(2) of the Securities Act or with
         respect to any Securities sold in reliance on Rule 903 of Regulation S,
         by means of any directed selling efforts within the meaning of Rule
         902(c) of Regulation S; and not to offer, sell, contract to sell or
         otherwise dispose of, directly or indirectly, any Securities under
         circumstances where such offer, sale, contract or disposition would
         cause the exemption afforded by Section 4(2) of the Securities Act to
         cease to be applicable to the offering and sale of the Securities as
         contemplated by this Agreement and the Offering Memorandum;

                  (k)      from the date hereof and until the earlier of (i) 90
         days after the date of the Offering Memorandum or (ii) the consummation
         of the Exchange Offer, not to offer for sale, sell, contract to sell or
         otherwise dispose of, directly or indirectly, or file a registration
         statement for, or announce any offer, sale, contract for sale of or
         other disposition of any debt securities issued or guaranteed by the
         Company or any Guarantor (other than as contemplated by the
         Registration Rights Agreement) without the prior written consent of
         Lehman Brothers Inc.

                  (l)      during the period from the Closing Date until two
         years after the Closing Date, without the prior written consent of the
         Initial Purchasers, not to, and not permit any of its affiliates (as
         defined in Rule 144 under the Securities Act) to, resell any of the
         Securities that have been reacquired by them, except for Securities
         purchased by the Company or any of its affiliates and resold in a
         transaction registered under the Securities Act;

                  (m)      not to, for so long as the Securities are
         outstanding, be or become, or be or become owned by, an open-end
         investment company, unit investment trust or face-amount certificate
         company that is or is required to be registered under Section 8 of the
         Investment Company Act, and to not be or become, or be or become owned
         by, a closed-end investment company required to be registered, but not
         registered thereunder;

                  (n)      in connection with the offering of the Securities,
         until Lehman Brothers Inc. on behalf of the Initial Purchasers shall
         have notified the Company of the completion of the distribution of the
         Securities, not to, and to cause its affiliated purchasers (as defined
         in Regulation M under the Exchange Act) not to, either alone or with
         one or more other persons, bid for or purchase, for any account in
         which it or any of its affiliated purchasers has a beneficial interest,
         any Securities, or attempt to induce any person to purchase any
         Securities; and not to, and to cause its affiliated purchasers not to,
         make bids or purchase for the purpose of creating actual, or apparent
         active trading in or of raising the price of the Securities;

                  (o)      to furnish to each of the Initial Purchasers on the
         date hereof a copy of the independent accountants' report incorporated
         by reference in the Offering Memorandum signed by the accountants
         rendering such report;

                  (p)      to do and perform all things required to be done and
         performed by it under this Agreement that are within its control prior
         to or after the Closing Date, and to use its reasonable best efforts to
         satisfy all conditions precedent on its part to the delivery of the
         Securities;

                  (q)      prior to the Closing Date, not to issue any press
         release or other communication directly or indirectly or hold any press
         conference with respect to the Company or any Guarantor,

                                       16

<PAGE>

         its condition, financial or otherwise, or earnings, business affairs or
         business prospects (except for routine oral marketing communications in
         the ordinary course of business and consistent with the past practices
         of the Company and of which the Initial Purchasers are notified),
         without prior consultation with the Initial Purchasers, unless in the
         judgment of the Company or such Guarantor and their respective counsel,
         and after notification to the Initial Purchasers, such press release or
         communication is required by law;

                  (r)      to apply the net proceeds from the sale of the
         Securities as set forth in the Offering Memorandum under the heading
         "Use of Proceeds;" and

                  (s)      The Company and the Guarantors agree to comply with
         all the terms and conditions of the Registration Rights Agreement and
         all agreements set forth in the representation letter of the Company
         and the Guarantors to DTC relating to the approval of the Securities by
         DTC for "book entry" transfer.

                  5.       Conditions of Initial Purchasers' Obligations. The
respective obligations of the several Initial Purchasers hereunder are subject
to the accuracy, on and as of the date hereof and the Closing Date, of the
representations and warranties of the Company and the Guarantors contained
herein, to the accuracy of the statements of the Company, and the Guarantors and
their respective officers made in any certificates delivered pursuant hereto, to
the performance by the Company and the Guarantors of their respective
obligations hereunder, and to each of the following additional terms and
conditions:

                  (a)      The Offering Memorandum (and any amendments or
         supplements thereto) shall have been printed and copies distributed to
         the Initial Purchasers as promptly as practicable on or following the
         date of this Agreement or at such other date and time as to which the
         Initial Purchasers may agree; and no stop order suspending the sale of
         the Securities in any jurisdiction shall have been issued and no
         proceeding for that purpose shall have been commenced or shall be
         pending or threatened.

                  (b)      None of the Initial Purchasers shall have discovered
         and disclosed to the Company on or prior to the Closing Date that the
         Offering Memorandum or any amendment or supplement thereto contains an
         untrue statement of a fact which, in the written advice of counsel for
         the Initial Purchasers, is material or omits to state any fact which,
         in the written advice of such counsel (a copy of which shall be
         supplied to the Company), is material and is required to be stated
         therein or is necessary to make the statements therein not misleading.

                  (c)      All corporate proceedings and other matters required
         for due authorization and validity of each of the Transaction Documents
         and the transactions contemplated thereby and the Offering Memorandum
         shall be satisfactory in all material respects to the Initial
         Purchasers, and the Company and the Guarantors shall have furnished to
         the Initial Purchasers copies of such documents and information that
         they or their counsel may reasonably request to enable them to pass
         upon such matters.

                  (d)      Winstead Sechrest & Minick P.C. shall have furnished
         to the Initial Purchasers their written opinion, as counsel to the
         Company and the Guarantors addressed to the Initial Purchasers and
         dated the Closing Date, in form and substance reasonably satisfactory
         to the Initial Purchasers, substantially to the effect set forth in
         Annex B hereto.

                  (e)      The Initial Purchasers shall have received from
         Latham & Watkins LLP, counsel for the Initial Purchasers, such opinion
         or opinions, dated the Closing Date, with respect to such matters as
         the Initial Purchasers may reasonably require, and the Company and the
         Guarantors

                                       17

<PAGE>

         shall have furnished to such counsel such documents and information as
         they request for the purpose of enabling them to pass upon such
         matters.

                  (f)      At the time of execution of this Agreement, the
         Initial Purchasers shall have received from Grant Thornton LLP a
         letter, in form and substance satisfactory to the Initial Purchasers,
         addressed to the Initial Purchasers and dated the date hereof (i)
         confirming that they are independent public accountants within the
         meaning of the Securities Act and are in compliance with the applicable
         requirements relating to the qualification of accountants under Rule
         2-01 of Regulation S-X of the Commission and (ii) stating, as of the
         date hereof (or, with respect to matters involving changes or
         developments since the respective dates as of which specified financial
         information is given in the Offering Memorandum, as of a date not more
         than three business days prior to the date hereof), the conclusions and
         findings of such firm with respect to the financial information and
         (iii) covering such other matters as are ordinarily covered by
         accountants' "comfort letters" to underwriters in connection with
         registered public offerings.

                  (g)      With respect to the letter of Grant Thornton LLP
         referred to in the preceding paragraph and delivered to the Initial
         Purchasers concurrently with the execution of this Agreement (the
         "initial letter"), the Company shall have furnished to the Initial
         Purchasers a letter (the "bring-down letter") of such accountants,
         addressed to the Initial Purchasers and dated the Closing Date (i)
         confirming that they are independent public accountants within the
         meaning of the Securities Act and are in compliance with the applicable
         requirements relating to the qualification of accountants under Rule
         2-01 of Regulation S-X of the Commission, (ii) stating, as of the
         Closing Date (or, with respect to matters involving changes or
         developments since the respective dates as of which specified financial
         information is given in the Offering Memorandum, as of a date not more
         than three business days prior to the date of the Closing Date), the
         conclusions and findings of such firm with respect to the financial
         information and other matters covered by the initial letter and (iii)
         confirming in all material respects the conclusions and findings set
         forth in the initial letter.

                  (h)      The Company and each of the Guarantors shall have
         furnished to the Initial Purchasers a certificate, dated the Closing
         Date, of their respective chief executive officers and chief financial
         officers or such other persons who possess similar authority or perform
         similar functions, solely in their capacity as officers and not in
         their individual capacity, stating that (A) such persons have examined
         the Offering Memorandum, (B) in their opinion, the Offering Memorandum,
         as of its date, did not include any untrue statement of a material fact
         and did not omit to state a material fact required to be stated therein
         or necessary in order to make the statements therein, in the light of
         the circumstances under which they were made, not misleading, and since
         the date of the Offering Memorandum, no event has occurred which should
         have been set forth in a supplement or amendment to the Offering
         Memorandum so that the Offering Memorandum (as so amended or
         supplemented) would not include any untrue statement of a material fact
         and would not omit to state a material fact required to be stated
         therein or necessary in order to make the statements therein, in the
         light of the circumstances under which they were made, not misleading
         and (C) to such officer's knowledge after reasonable due inquiry, as of
         the Closing Date, the representations and warranties of the Company and
         each of the Guarantors, as the case may be, in this Agreement are true
         and correct, the Company and each of the Guarantors, as the case may
         be, has complied with all agreements and satisfied all conditions on
         its part to be performed or satisfied hereunder on or prior to the
         Closing Date in all material respects, and subsequent to the date of
         the most recent financial statements contained in the Offering
         Memorandum, there has been no material adverse change in the financial
         position or results of operations of the Company, the Guarantors and
         their respective subsidiaries taken as a whole, or any change, or any
         development including a prospective change, in or affecting the
         condition

                                       18

<PAGE>

         (financial or otherwise), results of operations, business or prospects
         of the Company, the Guarantors and their respective subsidiaries taken
         as a whole that would, or could reasonably be expected to, result in a
         Material Adverse Effect, except as set forth in the Offering
         Memorandum. Such persons may also state that (i) they participated in
         the preparation of the Offering Memorandum, and (ii) they are generally
         familiar with the operations and business of the respective
         corporations of which they were officers or directors, have made such
         inquiries as they deemed appropriate in connection with making this
         certificate and have conferred amongst themselves in its preparation.

                  (i)      The Initial Purchasers shall have received a
         counterpart of the Registration Rights Agreement which shall have been
         executed and delivered by a duly authorized officer of the Company and
         each of the Guarantors.

                  (j)      The Indenture shall have been duly executed and
         delivered by the Company, the Guarantors and the Trustee, and the
         Securities shall have been duly executed and delivered by the Company
         and the Guarantors and duly authenticated by the Trustee.

                  (k)      The Securities shall have been approved by the NASD
         for trading in the PORTAL Market.

                  (l)      If any event shall have occurred that requires the
         Company under Section 4(d) to prepare an amendment or supplement to the
         Offering Memorandum, such amendment or supplement shall have been
         prepared, the Initial Purchasers shall have been given a reasonable
         opportunity to comment thereon, and copies thereof shall have been
         delivered to the Initial Purchasers reasonably in advance of the
         Closing Date.

                  (m)      There shall not have occurred any invalidation of
         Rule 144A under the Securities Act by any court or any withdrawal or
         proposed withdrawal of any rule or regulation under the Securities Act
         or the Exchange Act by the Commission or any amendment or proposed
         amendment thereof by the Commission which, in the case of a proposed
         withdrawal, in the written advice of counsel to the Initial Purchasers,
         a copy of which will be delivered to the Company, is reasonably likely
         to occur and would materially impair the ability of the Initial
         Purchasers to purchase, hold or effect resales of the Securities as
         contemplated hereby.

                  (n)      The Company, the Guarantors and their respective
         subsidiaries (taken as a whole) shall not have sustained, since the
         date of the latest audited financial statements included in the
         Offering Memorandum (exclusive of any amendment or supplement thereto
         on or after the date of this Agreement), any material loss or
         interference with its business from fire, explosion, flood or other
         calamity, whether or not covered by insurance, or from any labor
         dispute or court or governmental action, order or decree, otherwise
         than as set forth or contemplated in the Offering Memorandum; and,
         since such date, there shall not have been any change in the
         stockholders' equity or long-term debt of the Company, the Guarantors
         and their respective subsidiaries (taken as a whole) or material
         adverse change, or any development involving a prospective material
         adverse change, in or affecting the management, condition, financial or
         otherwise, stockholders' equity, results of operations, business or
         prospects of the Company, the Guarantors and their respective
         subsidiaries, taken as a whole.

                  (o)      No action shall have been taken and no statute, rule,
         regulation or order shall have been enacted, adopted or issued by any
         governmental agency or body which would, as of the Closing Date,
         prevent the issuance or sale of the Securities; and no injunction,
         restraining order or

                                       19

<PAGE>

         order of any other nature by any federal or state court of competent
         jurisdiction shall have been issued as of the Closing Date which would
         prevent the issuance or sale of the Securities.

                  (p)      Subsequent to the execution and delivery of this
         Agreement (i) no downgrading shall have occurred in the rating accorded
         the Securities or any of the Company's or any Guarantor's other debt
         securities or preferred stock by any "nationally recognized statistical
         rating organization", as such term is defined by the Commission for
         purposes of Rule 436(g)(2) of the rules and regulations of the
         Commission under the Securities Act and (ii) no such organization shall
         have publicly announced that it has under surveillance or review (other
         than an announcement with positive implications of a possible
         upgrading), its rating of the Securities or any of the Company's or any
         Guarantor's other debt securities or preferred stock.

                  (q)      Subsequent to the execution and delivery of this
         Agreement there shall not have occurred any of the following: (i)
         trading in securities generally on the New York Stock Exchange, the
         Nasdaq National Market or the American Stock Exchange or in the
         over-the-counter market, or trading in any securities of the Company on
         any exchange or in the over-the-counter market, has been suspended or
         minimum prices shall have been established on any such exchange or such
         market by the Commission, by such exchange or by any other regulatory
         body or governmental authority having jurisdiction; (ii) a material
         disruption in securities settlement, payment or clearance services in
         the United States; (iii) a banking moratorium has been declared by
         Federal or state authorities; (iv) any attack on, outbreak or
         escalation of hostilities or act of terrorism involving the United
         States, any declaration of war by Congress or any other national or
         international calamity, crisis or emergency if, in the judgment of
         Lehman Brothers Inc., the effect of any such attack, outbreak,
         escalation, act, declaration, calamity, crisis or emergency makes it
         impractical or inadvisable to proceed with completion of the offering
         or sale of and payment for the Securities; or (v) the occurrence of any
         other calamity, crisis (including without limitation as a result of
         terrorist activities), or material adverse change in general economic,
         political or financial conditions (or the effect of international
         conditions on the financial markets in the United States shall be such)
         as to make it, in the judgment of Lehman Brothers Inc., impracticable
         or inadvisable to proceed with offering or delivery of the Securities
         being delivered on the Closing Date or that, in the judgment of Lehman
         Brothers Inc., would materially and adversely affect the financial
         markets or the markets for the Securities and other debt securities.

                  (r)      The Initial Purchasers shall have received copies of
         the documentation evidencing the Bank Document, certified by the
         secretary of the Company as being true, complete and correct.

                  All opinions, letters, evidence and certificates mentioned
above or elsewhere in this Agreement shall be deemed to be in compliance with
the provisions hereof only if they are in form and substance reasonably
satisfactory to counsel for the Initial Purchasers.

                  6.       Termination. The obligations of the Initial
Purchasers hereunder may be terminated by the Initial Purchasers, in their
absolute discretion, by notice given to and received by the Company prior to
delivery of and payment for the Securities if, prior to that time, any of the
events described in Section 5(m), (n), (o), (p) or (q) shall have occurred.

                  7.       Defaulting Initial Purchasers

                  (a)      If, on the Closing Date, any Initial Purchaser
defaults in the performance of its obligations under this Agreement, the
non-defaulting Initial Purchasers may make arrangements for the purchase of the
Securities which such defaulting Initial Purchaser agreed but failed to purchase
by other

                                       20

<PAGE>

persons satisfactory to the Company and the non-defaulting Initial Purchasers,
but if no such arrangements are made within 48 hours after such default, this
Agreement shall terminate without liability on the part of the non-defaulting
Initial Purchasers, the Company or the Guarantors, except that the Company and
the Guarantors will continue to be liable for the payment of expenses to the
extent set forth in Sections 8 and 12 and except that the provisions of Sections
9 and 10 shall not terminate and shall remain in effect. As used in this
Agreement, the term "Initial Purchasers" includes, for all purposes of this
Agreement unless the context otherwise requires, any party not listed in
Schedule 1 hereto that, pursuant to this Section 7, purchases Securities which a
defaulting Initial Purchaser agreed but failed to purchase.

                  (b)      Nothing contained herein shall relieve a defaulting
Initial Purchaser of any liability it may have to the Company, the Guarantors or
any non-defaulting Initial Purchaser for damages caused by its default. If other
persons are obligated or agree to purchase the Securities of a defaulting
Initial Purchaser, either the non-defaulting Initial Purchasers or the Company
may postpone the Closing Date for up to seven full business days in order to
effect any changes that in the opinion of counsel for the Company or counsel for
the Initial Purchasers may be necessary in the Offering Memorandum or in any
other document or arrangement, and the Company agrees to promptly prepare any
amendment or supplement to the Offering Memorandum that effects any such
changes.

                  8.       Reimbursement of Initial Purchasers' Expenses. If (a)
this Agreement shall have been terminated pursuant to Section 6 or 7, (b) the
Company shall fail to tender the Securities for delivery to the Initial
Purchasers for any reason or (c) the Initial Purchasers shall decline to
purchase the Securities for any reason permitted under this Agreement, the
Company shall reimburse the Initial Purchasers for such out-of-pocket expenses
(including reasonable fees and disbursements of counsel) as shall have been
reasonably incurred by the Initial Purchasers in connection with this Agreement
and the proposed purchase and resale of the Securities. If this Agreement is
terminated pursuant to Section 7 by reason of the default of one or more of the
Initial Purchasers, the Company shall not be obligated to reimburse any
defaulting Initial Purchaser on account of such expenses.

                  9.       Indemnification

                  (a)      The Company and each Guarantor, hereby agree, jointly
and severally, to indemnify and hold harmless each Initial Purchaser, its
directors, officers and employees and each person, if any, who controls any
Initial Purchaser within the meaning of the Securities Act, from and against any
loss, claim, damage or liability, joint or several, or any action in respect
thereof (including, but not limited to, any loss, claim, damage, liability or
action relating to purchases and sales of Securities), to which that Initial
Purchaser, director, officer, employee or controlling person may become subject,
under the Securities Act or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained (A) in the Preliminary
Offering Memorandum or the Offering Memorandum or in any amendment or supplement
thereto, (B) in any Blue Sky application or other document prepared or executed
by the Company or any Guarantor (or based upon any written information furnished
by the Company or any Guarantor) specifically for the purpose of qualifying any
or all of the Securities under the securities laws of any state or other
jurisdiction (any such application, document or information being hereinafter
called a "Blue Sky Application") or (C) in any materials or information provided
to investors by, or with the approval of, the Company in connection with the
marketing of the offering of the Securities ("Marketing Materials"), including
any roadshow or investor presentations made to investors by the Company (whether
in person or electronically), or (ii) the omission or alleged omission to state
in the Preliminary Offering Memorandum or the Offering Memorandum, or in any
amendment or supplement thereto, or in any Blue Sky Application or in any
Marketing Materials, any material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances
under which they were

                                       21

<PAGE>

made, not misleading, and shall reimburse each Initial Purchaser and each such
director, officer, employee or controlling person promptly upon demand for any
legal or other expenses reasonably incurred by that Initial Purchaser, director,
officer, employee or controlling person in connection with investigating or
defending or preparing to defend against any such loss, claim, damage, liability
or action as such expenses are incurred; provided, however, that the Company and
the Guarantors shall not be liable in any such case to the extent that any such
loss, claim, damage, liability or action arises out of, or is based upon, any
untrue statement or alleged untrue statement or omission or alleged omission
made in the Preliminary Offering Memorandum or the Offering Memorandum, or in
any such amendment or supplement thereto, or in any Blue Sky Application or in
any Marketing Materials, in reliance upon and in conformity with written
information concerning such Initial Purchaser furnished to the Company through
the Initial Purchasers by or on behalf of any Initial Purchaser specifically for
inclusion therein; provided, however, that the Company shall not be liable to
any Initial Purchaser under the indemnity agreement in this Section 9 to the
extent, but only to the extent, that (A) such loss, claim, damage, or liability
of such Initial Purchaser results from an untrue statement of a material fact or
an omission of a material fact contained in the Preliminary Offering Memorandum,
which untrue statement or omission was completely corrected in the Offering
Memorandum dated the date hereof (the "Final Offering Memorandum"), (B) the
Company sustains the burden of proving that such Initial Purchaser sold
Securities to the person alleging such loss, claim, liability, expense or damage
without sending or giving, at or prior to written confirmation of such sale, a
copy of the Final Offering Memorandum (excluding the Incorporated Documents),
(C) the Company had previously furnished sufficient quantities of the Final
Offering Memorandum to such Initial Purchaser within a reasonable amount of time
prior to such sale or such confirmation, and (D) such Initial Purchaser failed
to deliver the Final Offering Memorandum, if required by law to have so
delivered it, and such delivery would have been a complete defense against the
person asserting such loss, claim, liability, expense or damage. The foregoing
indemnity agreement is in addition to any liability that the Company or the
Guarantors may otherwise have to any Initial Purchaser or to any director,
officer, employee or controlling person of that Initial Purchaser.

                  (b)      Each Initial Purchaser, severally and not jointly,
hereby agrees to indemnify and hold harmless the Company, each Guarantor, their
respective officers and employees, each of their respective directors, and each
person, if any, who controls the Company or any Guarantor within the meaning of
the Securities Act, from and against any loss, claim, damage or liability, joint
or several, or any action in respect thereof, to which the Company, any
Guarantor or any such director, officer, employee or controlling person may
become subject, under the Securities Act or otherwise, insofar as such loss,
claim, damage, liability or action arises out of, or is based upon, (i) any
untrue statement or alleged untrue statement of a material fact contained (A) in
the Preliminary Offering Memorandum or the Offering Memorandum or in any
amendment or supplement thereto or (B) in any Blue Sky Application, or (ii) the
omission or alleged omission to state in the Preliminary Offering Memorandum or
the Offering Memorandum, or in any amendment or supplement thereto, or in any
Blue Sky Application, any material fact required to be stated therein or
necessary to make the statements therein not misleading, but in each case only
to the extent that the untrue statement or alleged untrue statement or omission
or alleged omission was made in reliance upon and in conformity with written
information concerning such Initial Purchaser furnished to the Company by or on
behalf of that Initial Purchaser specifically for inclusion therein, and shall
reimburse the Company, any Guarantor and any such director, officer, employee or
controlling person for any legal or other expenses reasonably incurred by the
Company, any Guarantor or any such director, officer, employee or controlling
person in connection with investigating or defending or preparing to defend
against any such loss, claim, damage, liability or action as such expenses are
incurred. The foregoing indemnity agreement is in addition to any liability that
any Initial Purchaser may otherwise have to the Company, any Guarantor or any
such director, officer, employee or controlling person.

                                       22

<PAGE>

                  (c)      Promptly after receipt by an indemnified party under
this Section 9 of notice of any claim or the commencement of any action, the
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying party under this Section 9, notify the indemnifying party in
writing of the claim or the commencement of that action; provided, however, that
the failure to notify the indemnifying party shall not relieve it from any
liability that it may have under this Section 9 except to the extent it has been
materially prejudiced by such failure and; provided, further, that the failure
to notify the indemnifying party shall not relieve it from any liability that it
may have to an indemnified party otherwise than under this Section 9. If any
such claim or action shall be brought against an indemnified party, and it shall
notify the indemnifying party thereof, the indemnifying party shall be entitled
to participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party. After notice from the
indemnifying party to the indemnified party of its election to assume the
defense of such claim or action, the indemnifying party shall not be liable to
the indemnified party under this Section 9 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than reasonable costs of investigation; provided, however, that
the Initial Purchasers shall have the right to employ counsel to represent
jointly the Initial Purchasers and those Initial Purchasers and their respective
directors, officers, employees and controlling persons who may be subject to
liability arising out of any claim in respect of which indemnity may be sought
by the Initial Purchasers against the Company or any Guarantor under this
Section 9 if, in the reasonable judgment of the Initial Purchasers (based upon
written advise of counsel, a copy of which shall be delivered to the
indemnifying party), it is advisable for the Initial Purchasers and those
directors, officers, employees and controlling persons to be jointly represented
by separate counsel, and in that event the fees and expenses of such separate
counsel shall be paid by the Company or any Guarantor. No indemnifying party
shall (i) without the prior written consent of the indemnified parties (which
consent shall not be unreasonably withheld), settle or compromise or consent to
the entry of any judgment with respect to any pending or threatened claim,
action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or
potential parties to such claim or action) unless such settlement, compromise or
consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding, or (ii) be
liable for any settlement of any such action effected without its written
consent (which consent shall not be unreasonably withheld), but if settled with
the consent of the indemnifying party or if there be a final judgment of the
plaintiff in any such action, the indemnifying party agrees to indemnify and
hold harmless any indemnified party from and against any loss or liability by
reason of such settlement or judgment.

                  (d)      The Initial Purchasers severally confirm and the
Company and the Guarantors acknowledge that the statements with respect to the
offering of the Securities by the Initial Purchasers set forth in the second
full paragraph on page iii of the Offering Memorandum and in the last sentence
of the third paragraph and in the fifth, sixth and eighth paragraphs in the
section entitled "Plan of Distribution" in the Offering Memorandum are correct
and constitute the only information concerning such Initial Purchasers furnished
in writing to the Company or any Guarantor by or on behalf of the Initial
Purchasers specifically for inclusion in the Offering Memorandum.

                  10.      Contribution. If the indemnification provided for in
Section 9 shall for any reason be unavailable to or insufficient to hold
harmless an indemnified party under Section 9(a) or 9(b) in respect of any loss,
claim, damage or liability, or any action in respect thereof, referred to
therein, then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in respect
thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Company and the Guarantors on the one hand and the
Initial Purchasers on the other from the offering of the Securities or (ii) if
the allocation provided by clause (i) above is not permitted by applicable law,
in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but

                                       23

<PAGE>

also the relative fault of the Company and the Guarantors, on the one hand, and
the Initial Purchasers on the other with respect to the statements or omissions
that resulted in such loss, claim, damage or liability, or action in respect
thereof, as well as any other relevant equitable considerations. The relative
benefits received by the Company and the Guarantors, on the one hand, and the
Initial Purchasers on the other with respect to such offering shall be deemed to
be in the same proportion as the total net proceeds from the offering of the
Securities purchased under this Agreement (before deducting expenses) received
by the Company and the Guarantors on the one hand, and the total discounts and
commissions received by the Initial Purchasers with respect to the Securities
purchased under this Agreement, on the other hand, bear to the total gross
proceeds from the offering of the Securities under this Agreement as set forth
on the cover page of the Offering Memorandum. The relative fault shall be
determined by reference to whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by the Company, the Guarantors or the Initial
Purchasers, the intent of the parties and their relative knowledge, access to
information and opportunity to correct or prevent such statement or omission.
For purposes of the preceding two sentences, the net proceeds deemed to be
received by the Company shall be deemed to be also for the benefit of the
Guarantors and information supplied by the Company shall also be deemed to have
been supplied by the Guarantors. The Company, the Guarantors, and the Initial
Purchaser agree that it would not be just and equitable if contributions
pursuant to this Section 10 were to be determined by pro rata allocation (even
if the Initial Purchasers were treated as one entity for such purpose) or by any
other method of allocation that does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified
party as a result of the loss, claim, damage or liability, or action in respect
thereof, referred to above in this Section 10 shall be deemed to include, for
purposes of this Section 10, any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this Section 10, no Initial
Purchaser shall be required to contribute any amount in excess of the amount by
which the total price at which the Securities initially purchased by it were
offered to the Eligible Purchasers exceeds the amount of any damages that such
Initial Purchaser has otherwise paid or become liable to pay by reason of any
untrue or alleged untrue statement or omission or alleged omission. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any person who was
not guilty of such fraudulent misrepresentation. The Initial Purchasers'
obligations to contribute as provided in this Section 10 are several in
proportion to their respective underwriting obligations and not joint.

                  11.      Persons Entitled to Benefit of Agreement. This
Agreement shall inure to the benefit of and be binding upon the Initial
Purchasers, the Company, the Guarantors and their respective successors. This
Agreement and the terms and provisions hereof are for the sole benefit of only
those persons, except as provided in Sections 9 and 10 with respect to
directors, officers, employees and controlling persons of the Company, the
Guarantors and the Initial Purchasers and in Section 4(e) with respect to
holders and prospective purchasers of the Securities. Nothing in this Agreement
is intended or shall be construed to give any person, other than the persons
referred to in this Section 11, any legal or equitable right, remedy or claim
under or in respect of this Agreement or any provision contained herein.

                  12.      Expenses. Each of the Company and the Guarantors
agrees with the Initial Purchasers to pay (a) the costs incident to the
authorization, issuance, sale, preparation and delivery of the Securities and
any taxes payable in that connection; (b) the costs incident to the preparation,
printing and distribution of the Preliminary Offering Memorandum, the Offering
Memorandum (including, without limitation, the Annual Report on Form 10-K for
the year ended December 31, 2002 and any financial statements and exhibits) and
any amendments or supplements thereto; (c) the costs of reproducing and
distributing each of the Transaction Documents and all other agreements,
memoranda, correspondence and other documents printed and delivered in
connection therewith and with the Exempt Resales; (d) the costs incident to the
preparation, printing and delivery of the certificates evidencing the
Securities,

                                       24

<PAGE>

including stamp duties and transfer taxes, if any, payable upon issuance of the
Securities; (e) the fees and expenses of the Company's counsel and their
independent accountants; (f) the fees and expenses of qualifying the Securities
under the securities laws of the several jurisdictions as provided in Section
4(g) and of preparing, printing and distributing Blue Sky Memoranda (including
related fees and expenses of counsel for the Initial Purchasers); (g) the
furnishing of such copies of the Preliminary Offering Memorandum and the
Offering Memorandum, and all amendments and supplements thereto, as may be
reasonably requested for use in connection with the Exempt Resales; (h) any fees
charged by rating agencies for rating the Securities; (i) the fees and expenses
of the Trustee and any paying agent (including related fees and expenses of any
counsel to such parties); (j) all expenses and application fees incurred in
connection with the application for the inclusion of the Securities on the
PORTAL Market and the approval of the Securities for book-entry transfer by DTC;
and (k) all other costs and expenses incident to the performance of the
obligations of the Company and the Guarantors under this Agreement which are not
otherwise specifically provided for in this Section 12; provided, however, that
except as provided in this Section 12 and Section 8, the Initial Purchasers
shall pay their own costs and expenses.

                  13.      Survival. The respective indemnities, rights of
contribution, representations, warranties and agreements of the Company, the
Guarantors and the Initial Purchasers contained in this Agreement or made by or
on behalf of the Company, the Guarantors or the Initial Purchasers pursuant to
this Agreement or any certificate delivered pursuant hereto shall survive the
delivery of and payment for the Securities and shall remain in full force and
effect, regardless of any termination or cancellation of this Agreement or any
investigation made by or on behalf of any of them or any of their respective
affiliates, officers, directors, employees, representatives, agents or
controlling persons, until such time as the applicable statute of limitations
has expired.

                  14.      Notices, etc. All statements, requests, notices and
agreements hereunder shall be in writing, and:

                  (a)      if to the Initial Purchasers, shall be delivered or
         sent by mail or telecopy transmission to Lehman Brothers Inc., 745
         Seventh Avenue, New York, NY 10019, Attention: Michael A. Goldberg
         (telecopier no.: (646) 758-4230), with a copy to Latham & Watkins LLP,
         885 Third Avenue, Suite 1000, New York, New York 10022, Attention: Kirk
         A. Davenport, II (telecopier no.: (212) 751-4864), and with a copy, in
         the case of any notice pursuant to Section 9(c), to the Director of
         Litigation, Office of the General Counsel, Lehman Brothers Inc., 399
         Park Avenue, 15th Floor, New York, NY 10022; or

                  (b)      if to the Company or the Guarantors, shall be
         delivered or sent by mail or telecopy transmission to the address of
         the Company set forth in the Offering Memorandum, Attention: Robert D.
         Davis, Chief Financial Officer (telecopier no.: (972) 943-0113), with a
         copy to Winstead Sechrest & Minick P.C., 5400 Renaissance Tower,
         Dallas, Texas 75270, Attention: Warren M.S. Ernst (telecopier no: (214)
         745-5311).

Any such statements, requests, notices or agreements shall take effect at the
time delivered by hand, if personally delivered; two business days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if
telexed; when receipt is acknowledged, if telecopied; and on the next business
day, if timely delivered to an air courier guaranteeing overnight delivery. The
Company shall be entitled to act and rely upon any request, consent, notice or
agreement given or made on behalf of the Initial Purchasers by Lehman Brothers
Inc.

                  15.      Definition of Terms. For purposes of this Agreement,
(a) the term "business day" means any day on which the New York Stock Exchange,
Inc. is open for trading, (b) the term "subsidiary" has the meaning set forth in
Rule 405 under the Securities Act and (c) except where

                                       25

<PAGE>

otherwise expressly provided, the term "affiliate" has the meaning set forth in
Rule 405 under the Securities Act.

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

                  17.      Counterparts. This Agreement may be executed in one
or more counterparts (which may include counterparts delivered by telecopier)
and, if executed in more than one counterpart, the executed counterparts shall
each be deemed to be an original, but all such counterparts shall together
constitute one and the same instrument.

                  18.      Amendments. No amendment or waiver of any provision
of this Agreement, nor any consent or approval to any departure therefrom, shall
in any event be effective unless the same shall be in writing and signed by the
parties hereto.

                  19.      Headings. The headings herein are inserted for
convenience of reference only and are not intended to be part of, or to affect
the meaning or interpretation of, this Agreement.

                                       26

<PAGE>

                                                                  EXECUTION COPY

                  If the foregoing is in accordance with your understanding of
our agreement, kindly sign and return to us a counterpart hereof, whereupon this
instrument will become a binding agreement among the parties hereto in
accordance with its terms.

                                     Very truly yours,

                                     RENT-A-CENTER, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         Chairman of the Board, Director and
                                         Chief Executive Officer

                                     RENT-A-CENTER EAST, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

                                     COLORTYME, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         Vice President

                                     RENT-A-CENTER WEST, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

                                     GET IT NOW, LLC

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

<PAGE>

                                     RENT-A-CENTER TEXAS, L.P.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         Chief Executive Officer

                                     RENT-A-CENTER TEXAS, L.L.C.

                                     By: /s/ JAMES ASHWORTH
                                         ---------------------------------------
                                         James Ashworth
                                         President

<PAGE>

Accepted:

LEHMAN BROTHERS INC.
J.P. MORGAN SECURITIES INC.
MORGAN STANLEY & CO. INCORPORATED
BEAR, STEARNS & CO. INC.
UBS WARBURG LLC
WACHOVIA SECURITIES, INC.

By: LEHMAN BROTHERS INC.,
    as Authorized Representative

    By: /s/ MICHAEL A. GOLDBERG
        -------------------------------
       Michael A. Goldberg
       Managing Director<PAGE>
                                                                   EXHIBIT 10.19

                                                                  EXECUTION COPY

                          REGISTRATION RIGHTS AGREEMENT

                             DATED AS OF MAY 6, 2003
                                  BY AND AMONG

                              RENT-A-CENTER, INC.,
                                    AS ISSUER

                            RENT-A-CENTER EAST, INC.,
                                COLORTYME, INC.,
                            RENT-A-CENTER WEST, INC.,
                                GET IT NOW, LLC,
                            RENT-A-CENTER TEXAS, L.P.
                                       AND
                          RENT-A-CENTER TEXAS, L.L.C.,
                                  AS GUARANTORS

                                       AND

                              LEHMAN BROTHERS INC.,
                          J.P. MORGAN SECURITIES INC.,
                       MORGAN STANLEY & CO. INCORPORATED,
                           BEAR, STEARNS & CO. INC.,
                                UBS WARBURG LLC
                                       AND
                           WACHOVIA SECURITIES, INC.,
                              AS INITIAL PURCHASERS

<PAGE>

                  This Registration Rights Agreement (this "Agreement") is made
and entered into as of May 6, 2003, by and among Rent-A-Center, Inc., a Delaware
corporation (the "Company"), the guarantors listed on Schedule A hereto (the
"Guarantors"), and Lehman Brothers Inc. ("Lehman Brothers"), J.P. Morgan
Securities Inc., Morgan Stanley & Co. Incorporated, Bear, Stearns & Co. Inc.,
UBS Warburg LLC and Wachovia Securities, Inc. (each an "Initial Purchaser" and,
collectively, the "Initial Purchasers"), each of whom has agreed to purchase the
Company's 7 1/2% Series A Senior Subordinated Notes due 2010 (the "Series A
Notes") pursuant to the Purchase Agreement (as defined below).

                  This Agreement is made pursuant to the Purchase Agreement,
dated May 1, 2003, (the "Purchase Agreement"), by and among the Company, the
Guarantors and the Initial Purchasers. In order to induce the Initial Purchasers
to purchase the Series A Notes, the Company and the Guarantors have agreed to
provide the registration rights set forth in this Agreement. The execution and
delivery of this Agreement is a condition to the obligations of the Initial
Purchasers set forth in Section 5(i) of the Purchase Agreement. Capitalized
terms used herein and not otherwise defined shall have the meanings assigned to
them in the Indenture, dated the date hereof (the "Indenture"), among the
Company, the Guarantors and The Bank of New York, as Trustee, relating to the
Series A Notes and the Series B Notes (as defined below).

                  The parties hereby agree as follows:

SECTION 1.        DEFINITIONS

                  As used in this Agreement, the following capitalized terms
shall have the following meanings:

                  Act: The Securities Act of 1933, as amended.

                  Affiliate: As defined in Rule 144 of the Act.

                  Broker-Dealer: Any broker or dealer registered under the
Exchange Act.

                  Certificated Securities: Definitive Notes, as defined in the
Indenture.

                  Closing Date: The date hereof.

                  Commission: The Securities and Exchange Commission.

                  Consummate: An Exchange Offer shall be deemed "Consummated"
for purposes of this Agreement upon the occurrence of (a) the filing and
effectiveness under the Act of the Exchange Offer Registration Statement
relating to the Series B Notes to be issued in the Exchange Offer; (b) the
maintenance of such Exchange Offer Registration Statement continuously effective
and the keeping of the Exchange Offer open for a period not less than the period
required pursuant to Section 3(b) hereof; and (c) the delivery by the Company to
the Note Registrar under the Indenture of Series B Notes in the same aggregate
principal amount as the aggregate principal amount of Series A Notes tendered by
Holders thereof pursuant to the Exchange Offer.

<PAGE>

                  Consummation Deadline: As defined in Section 3(b) hereof.

                  Effectiveness Deadline: As defined in Section 3(a) and 4(a)
hereof.

                  Exchange Act: The Securities Exchange Act of 1934, as amended.

                  Exchange Offer: The exchange and issuance by the Company of a
principal amount of Series B Notes (which shall be registered pursuant to the
Exchange Offer Registration Statement) equal to the outstanding principal amount
of Series A Notes that are tendered by such Holders in connection with such
exchange and issuance.

                  Exchange Offer Registration Statement: The Registration
Statement relating to the Exchange Offer, including the related Prospectus.

                  Exempt Resales: The transactions in which the Initial
Purchasers propose to sell the Series A Notes to certain "qualified
institutional buyers," as such term is defined in Rule 144A under the Act, and
pursuant to Regulation S under the Act.

                  Filing Deadline: As defined in Sections 3(a) and 4(a) hereof.

                  Holders: As defined in Section 2 hereof.

                  Prospectus: The prospectus included in a Registration
Statement at the time such Registration Statement is declared effective, as
amended or supplemented by any prospectus supplement and by all other amendments
thereto, including post-effective amendments, and all material incorporated by
reference into such Prospectus.

                  Recommencement Date: As defined in Section 6(e) hereof.

                  Registration Default: As defined in Section 5 hereof.

                  Registration Statement: Any registration statement of the
Company and the Guarantors relating to (a) an offering of Series B Notes and
related Subsidiary Guarantees pursuant to an Exchange Offer; or (b) the
registration for resale of Transfer Restricted Securities pursuant to the Shelf
Registration Statement, in each case (i) that is filed pursuant to the
provisions of this Agreement; and (ii) including the Prospectus included
therein, all amendments and supplements thereto (including post-effective
amendments) and all exhibits and material incorporated by reference therein.

                  Regulation S: Regulation S promulgated under the Act.

                  Rule 144: Rule 144 promulgated under the Act.

                  Series B Notes: The Company's 7 1/2% Series B Senior
Subordinated Notes due 2010 to be issued pursuant to the Indenture: (i) in the
Exchange Offer; or (ii) as contemplated by Section 4 hereof.

                  Shelf Registration Statement: As defined in Section 4 hereof.

                                       2

<PAGE>

                  Suspension Notice: As defined in Section 6(e) hereof.

                  TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section
77aaa-77bbbb) as in effect on the date of the Indenture.

                  Transfer Restricted Securities: (i) Each Series A Note and the
related Subsidiary Guarantees, until the earliest to occur of (a) the date on
which such Series A Note is exchanged in the Exchange Offer for a Series B Note
which is entitled to be resold to the public by the Holder thereof without
complying with the prospectus delivery requirements of the Act; (b) the date on
which such Series A Note has been disposed of in accordance with a Shelf
Registration Statement; or (c) the date on which such Series A Note is
distributed to the public pursuant to Rule 144 under the Act; and (ii) each
Series B Note and the related Subsidiary Guarantees acquired by a Broker-Dealer
in exchange for a Series A Note acquired for its own account as a result of
market making activities or other trading activities until the date on which
such Series B Note is disposed of by a Broker-Dealer pursuant to the "Plan of
Distribution" contemplated by the Exchange Offer Registration Statement
(including the delivery of the Prospectus contained therein).

SECTION 2.        HOLDERS

                  A Person is deemed to be a holder of Transfer Restricted
Securities (each, a "Holder") whenever such Person owns Transfer Restricted
Securities.

SECTION 3.        REGISTERED EXCHANGE OFFER

                  (a)      Unless the Exchange Offer shall not be permitted by
applicable federal law (after the procedures set forth in Section 6(a)(i) below
have been complied with), the Company and the Guarantors shall (i) use all
commercially reasonable efforts to cause the Exchange Offer Registration
Statement to be filed with the Commission as soon as practicable after the
Closing Date, but in no event later than 90 days after the Closing Date (such
90th day being the "Filing Deadline"); (ii) use all commercially reasonable
efforts to cause such Exchange Offer Registration Statement to become effective
at the earliest possible time, but in no event later than 180 days after the
Closing Date (such 180th day being the "Effectiveness Deadline"); (iii) in
connection with the foregoing, (A) file all pre-effective amendments to such
Exchange Offer Registration Statement as may be necessary in order to cause it
to become effective; (B) file, if applicable, a post-effective amendment to such
Exchange Offer Registration Statement pursuant to Rule 430A under the Act; and
(C) cause all necessary filings, if any, in connection with the registration and
qualification of the Series B Notes to be made under the Blue Sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer; and
(iv) upon the effectiveness of such Exchange Offer Registration Statement,
commence and Consummate the Exchange Offer. The Exchange Offer shall be on the
appropriate form permitting (i) registration of the Series B Notes to be offered
in exchange for the Series A Notes that are Transfer Restricted Securities; and
(ii) resales of Series B Notes by Broker-Dealers that tendered into the Exchange
Offer Series A Notes that such Broker-Dealer acquired for its own account as a
result of market making activities or other trading activities (other than
Series A Notes acquired directly from the Company or any of its Affiliates) as
contemplated by Section 3(c) below.

                                       3

<PAGE>

                  (b)      The Company and the Guarantors shall use all
commercially reasonable efforts to cause the Exchange Offer Registration
Statement to be effective continuously, and shall keep the Exchange Offer open
for a period of not less than the minimum period required under applicable
federal and state securities laws to Consummate the Exchange Offer; provided,
however, that in no event shall such period be less than 20 business days. The
Company and the Guarantors shall cause the Exchange Offer to comply with all
applicable federal and state securities laws. No securities other than the
Series B Notes shall be included in the Exchange Offer Registration Statement.
The Company and the Guarantors shall use all commercially reasonable efforts to
cause the Exchange Offer to be Consummated on the earliest practicable date
after the Exchange Offer Registration Statement has become effective, but in no
event later than 30 business days thereafter (such 30th business day being the
"Consummation Deadline").

                  (c)      The Company shall include a "Plan of Distribution"
section in the Prospectus contained in the Exchange Offer Registration Statement
and indicate therein that any Broker-Dealer who holds Transfer Restricted
Securities that were acquired for the account of such Broker-Dealer as a result
of market-making activities or other trading activities (other than Series A
Notes acquired directly from the Company or any Affiliate of the Company), may
exchange such Transfer Restricted Securities pursuant to the Exchange Offer.
Such "Plan of Distribution" section shall also contain all other information
with respect to such sales by such Broker-Dealers that the Commission may
require in order to permit such sales pursuant thereto, but such "Plan of
Distribution" shall not name any such Broker-Dealer or disclose the amount of
Transfer Restricted Securities held by any such Broker-Dealer, except to the
extent required by the Commission as a result of a change in policy, rules or
regulations after the date of this Agreement.

                  Because such Broker-Dealer may be deemed to be an
"underwriter" within the meaning of the Act and must, therefore, deliver a
prospectus meeting the requirements of the Act in connection with its initial
sale of any Series B Notes received by such Broker-Dealer in the Exchange Offer,
the Company and the Guarantors shall permit the use of the Prospectus contained
in the Exchange Offer Registration Statement by such Broker-Dealer to satisfy
such prospectus delivery requirement. To the extent necessary to ensure that the
prospectus contained in the Exchange Offer Registration Statement is available
for sales of Series B Notes by Broker-Dealers, the Company and the Guarantors
agree to use all commercially reasonable efforts to keep the Exchange Offer
Registration Statement continuously effective, supplemented, amended and current
as required by and subject to the provisions of Section 6(a) and (c) hereof and
in conformity with the requirements of this Agreement, the Act and the policies,
rules and regulations of the Commission as announced from time to time, for a
period of 180 days from the date on which the Exchange Offer is Consummated or
such shorter period as will terminate when all Transfer Restricted Securities
covered by such Registration Statement have been sold pursuant thereto. The
Company shall provide sufficient copies of the latest version of such Prospectus
to such Broker-Dealers, promptly upon request, and in no event later than one
day after such request, at any time during such period.

SECTION 4.        SHELF REGISTRATION

                  (a)      Shelf Registration. If (i) the Exchange Offer is not
permitted by applicable law (after the Company and the Guarantors have complied
with the procedures set

                                       4

<PAGE>

forth in Section 6(a)(i) below); or (ii) if any Holder of Transfer Restricted
Securities shall notify the Company in writing within 20 business days following
the Consummation of the Exchange Offer that (A) such Holder was prohibited by
law or Commission policy from participating in the Exchange Offer; or (B) such
Holder may not resell the Series B Notes acquired by it in the Exchange Offer to
the public without delivering a prospectus and the Prospectus contained in the
Exchange Offer Registration Statement is not appropriate or available for such
resales by such Holder, then the Company and the Guarantors shall:

                           (x)      cause to be filed, on or prior to 30 days
         after the earlier of (i) the date on which the Company determines that
         the Exchange Offer Registration Statement cannot be filed as a result
         of clause (a)(i) above; and (ii) the date on which the Company receives
         the notice specified in clause (a)(ii) above (such earlier date, the
         "Filing Deadline"), a shelf registration statement pursuant to Rule 415
         under the Act (which may be an amendment to the Exchange Offer
         Registration Statement (the "Shelf Registration Statement")), relating
         to all Transfer Restricted Securities; and

                           (y)      shall use all commercially reasonable
         efforts to cause such Shelf Registration Statement to become effective
         on or prior to 90 days after the Filing Deadline for the Shelf
         Registration Statement (such 90th day the "Effectiveness Deadline").

                  If, after the Company and the Guarantors have filed an
Exchange Offer Registration Statement that satisfies the requirements of Section
3(a) above, the Company and the Guarantors are required to file and make
effective a Shelf Registration Statement solely because the Exchange Offer is
not permitted under applicable federal law (i.e., clause (a)(i) above), then the
filing of the Exchange Offer Registration Statement shall be deemed to satisfy
the requirements of clause (x) above; provided that, in such event, the Company
and the Guarantors shall remain obligated to meet the Effectiveness Deadline set
forth in clause (y).

                  To the extent necessary to ensure that the Shelf Registration
Statement is available for sales of Transfer Restricted Securities by the
Holders thereof entitled to the benefit of this Section 4(a) and the other
securities required to be registered therein pursuant to Section 6(b)(ii)
hereof, the Company and the Guarantors shall use all commercially reasonable
efforts to keep any Shelf Registration Statement required by this Section 4(a)
continuously effective, supplemented, amended and current as required by and
subject to the provisions of Sections 6(b) and (c) hereof and in conformity with
the requirements of this Agreement, the Act and the policies, rules and
regulations of the Commission as announced from time to time, for a period of at
least two years (as extended pursuant to Section 6(c)(i)) following the Closing
Date, or such shorter period as will terminate when all Transfer Restricted
Securities covered by such Shelf Registration Statement have been sold pursuant
thereto or the date on which all Transfer Restricted Securities become eligible
for resale without volume restrictions pursuant to Rule 144(k) under the
Securities Act.

                  (b)      Provision by Holders of Certain Information in
Connection with the Shelf Registration Statement. No Holder of Transfer
Restricted Securities may include any of its Transfer Restricted Securities in
any Shelf Registration Statement pursuant to this Agreement unless and until
such Holder furnishes to the Company in writing, within 20 days after receipt of

                                       5

<PAGE>

a request therefor, the information specified in Item 507 or 508 of Regulation
S-K, as applicable, of the Act for use in connection with any Shelf Registration
Statement or Prospectus or preliminary Prospectus included therein. No Holder of
Transfer Restricted Securities shall be entitled to Liquidated Damages (as
defined below) pursuant to Section 5 hereof unless and until such Holder shall
have provided all such information, including any update to such relevant
information, if any, necessary to cure the condition described in clause (iv) of
Section 5 below. By its acceptance of Transfer Restricted Securities, each
Holder agrees to promptly furnish additional information required to be
disclosed in order to make the information previously furnished to the Company
by such Holder not materially misleading.

SECTION 5.        LIQUIDATED DAMAGES

                  If (i) any Registration Statement required by this Agreement
is not filed with the Commission on or prior to the applicable Filing Deadline;
(ii) any such Registration Statement has not been declared effective by the
Commission on or prior to the applicable Effectiveness Deadline; (iii) the
Exchange Offer has not been Consummated on or prior to the Consummation
Deadline; or (iv) any Registration Statement required by this Agreement is filed
and declared effective but shall thereafter cease to be effective or fail to be
usable for its intended purpose without being succeeded within two business days
by a post-effective amendment to such Registration Statement that cures such
failure and that is itself declared effective within five business days of
filing such post-effective amendment to such Registration Statement (each such
event referred to in clauses (i) through (iv), a "Registration Default"), then
the Company and the Guarantors hereby, jointly and severally, agree to pay to
each Holder of Transfer Restricted Securities affected thereby liquidated
damages ("Liquidated Damages"), in cash, with respect to the first 90-day period
immediately following the occurrence of such Registration Default, at a rate of
0.25% per annum on the principal amount of the Transfer Restricted Securities as
of the immediately preceding Interest Payment Date. The amount of the Liquidated
Damages shall increase by an additional 0.25% per annum at the beginning of each
subsequent 90-day period, up to a maximum aggregate increase of 1.00% per annum
with respect to all Registration Defaults, until all such Registration Default
have been cured; provided that the Company and the Guarantors shall in no event
be required to pay Liquidated Damages for more than one Registration Default at
any given time. Notwithstanding anything to the contrary set forth herein, upon
the day of (1) filing of the Exchange Offer Registration Statement (and/or, if
applicable, the Shelf Registration Statement), in the case of (i) above; (2) the
effectiveness of the Exchange Offer Registration Statement (and/or, if
applicable, the Shelf Registration Statement), in the case of (ii) above; (3)
Consummation of the Exchange Offer, in the case of (iii) above; (4) the filing
of a post-effective amendment to the Registration Statement or an additional
Registration Statement that causes the Exchange Offer Registration Statement
(and/or, if applicable, the Shelf Registration Statement) to again be declared
effective or made usable in the case of (iv) above; or (5) all of the Securities
that then constitute Transfer Restricted Securities to be registered pursuant to
the particular Exchange Offer Registration Statement or Shelf Registration
Statement, as the case may be, cease to be Transfer Restricted Securities, the
Liquidated Damages, which shall be determined on a daily basis, payable with
respect to the Transfer Restricted Securities as a result of such clause (i),
(ii), (iii) or (iv), as applicable, shall cease.

                                       6

<PAGE>

                  All accrued Liquidated Damages shall be paid to the Holders
entitled thereto, in the manner provided for the payment of interest in the
Indenture, on each Interest Payment Date, as more fully set forth in the
Indenture and the Notes. Notwithstanding the fact that any securities for which
Liquidated Damages are due cease to be Transfer Restricted Securities, all
obligations of the Company and the Guarantors to pay Liquidated Damages with
respect to securities shall survive until such time as such obligations with
respect to such securities shall have been satisfied in full.

                  The parties agree that the Liquidated Damages provided for in
this Section 5 constitute a reasonable estimate of and are intended to
constitute the sole damages that will be suffered by Holders of Transfer
Restricted Securities by reason of a Registration Default.

SECTION 6.        REGISTRATION PROCEDURES

                  (a)      Exchange Offer Registration Statement. In connection
with the Exchange Offer, the Company and the Guarantors shall (x) comply with
all applicable provisions of Section 6(c) below; (y) use all commercially
reasonable efforts to effect such exchange and to permit the resale of Series B
Notes by any Broker-Dealer that tendered Series A Notes in the Exchange Offer
that such Broker-Dealer acquired for its own account as a result of its market
making activities or other trading activities (other than Series A Notes
acquired directly from the Company or any of its Affiliates) being sold in
accordance with the intended method or methods of distribution thereof; and (z)
comply with all of the following provisions:

                  (i)      If, following the date hereof there has been
         announced a change in Commission policy with respect to exchange offers
         such as the Exchange Offer, that in the reasonable opinion of counsel
         to the Company raises a substantial question as to whether the Exchange
         Offer is permitted by applicable federal law, the Company and the
         Guarantors hereby agree to seek a no-action letter or other favorable
         decision from the Commission allowing the Company and the Guarantors to
         Consummate an Exchange Offer for such Transfer Restricted Securities.
         The Company and the Guarantors hereby agree to pursue the issuance of
         such a decision to the Commission staff level. In connection with the
         foregoing, the Company and the Guarantors hereby agree to take all such
         other actions as may be requested by the Commission or otherwise
         required in connection with the issuance of such decision, including
         without limitation (A) participating in telephonic conferences with the
         Commission staff; (B) delivering to the Commission staff an analysis
         prepared by counsel to the Company setting forth the legal bases, if
         any, upon which such counsel has concluded that such an Exchange Offer
         should be permitted; and (C) diligently pursuing a resolution (which
         need not be favorable) by the Commission staff.

                  (ii)     As a condition to its participation in the Exchange
         Offer, each Holder of Transfer Restricted Securities (including,
         without limitation, any Holder who is a Broker Dealer) shall furnish,
         upon the request of the Company, prior to the Consummation of the
         Exchange Offer, a written representation to the Company and the
         Guarantors (which may be contained in the letter of transmittal
         contemplated by the Exchange Offer Registration Statement) to the
         effect that (A) it is not an Affiliate of the Company; (B) it is not
         engaged in, and does not intend to engage in, and has no arrangement or
         understanding

                                       7

<PAGE>

         with any person to participate in, a distribution of the Series B Notes
         to be issued in the Exchange Offer; and (C) it is acquiring the Series
         B Notes in its ordinary course of business. Each Holder using the
         Exchange Offer to participate in a distribution of the Series B Notes
         will be required to acknowledge and agree that, if the resales are of
         Series B Notes obtained by such Holder in exchange for Series A Notes
         acquired directly from the Company or an Affiliate thereof, it (1)
         could not, under Commission policy as in effect on the date of this
         Agreement, rely on the position of the Commission enunciated in Morgan
         Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital
         Holdings Corporation (available May 13, 1988), as interpreted in the
         Commission's letter to Shearman & Sterling dated July 2, 1993, and
         similar no-action letters (including, if applicable, any no-action
         letter obtained pursuant to clause (i) above); and (2) must comply with
         the registration and prospectus delivery requirements of the Act in
         connection with a secondary resale transaction and that such a
         secondary resale transaction must be covered by an effective
         registration statement containing the selling security holder
         information required by Item 507 or 508, as applicable, of Regulation
         S-K.

                  (iii)    Prior to effectiveness of the Exchange Offer
         Registration Statement, the Company and the Guarantors shall provide a
         supplemental letter to the Commission (A) stating that the Company and
         the Guarantors are registering the Exchange Offer in reliance on the
         position of the Commission enunciated in Exxon Capital Holdings
         Corporation (available May 13, 1988), Morgan Stanley and Co., Inc.
         (available June 5, 1991) as interpreted in the Commission's letter to
         Shearman & Sterling dated July 2, 1993, and, if applicable, any
         no-action letter obtained pursuant to clause (i) above, (B) including a
         representation that neither the Company nor any Guarantor has entered
         into any arrangement or understanding with any Person to distribute the
         Series B Notes to be received in the Exchange Offer and that, to the
         best of the Company's and each Guarantor's information and belief, each
         Holder participating in the Exchange Offer is acquiring the Series B
         Notes in its ordinary course of business and has no arrangement or
         understanding with any Person to participate in the distribution of the
         Series B Notes received in the Exchange Offer and (C) any other
         undertaking or representation required by the Commission as set forth
         in any no-action letter obtained pursuant to clause (i) above, if
         applicable.

                  (b)      Shelf Registration Statement. In connection with the
Shelf Registration Statement, the Company and the Guarantors shall:

                  (i)      comply with all the provisions of Section 6(c) and
         6(d) below and use all commercially reasonable efforts to effect such
         registration to permit the sale of the Transfer Restricted Securities
         being sold in accordance with the intended method or methods of
         distribution thereof (as indicated in the information furnished to the
         Company pursuant to Section 4(b) hereof), and pursuant thereto, the
         Company and the Guarantors will prepare and file with the Commission a
         Registration Statement relating to the registration on any appropriate
         form under the Act, which form shall be available for the sale of the
         Transfer Restricted Securities in accordance with the intended method
         or methods of distribution thereof within the time periods and
         otherwise in accordance with the provisions hereof; and

                                       8

<PAGE>

                  (ii)     issue, upon the request of any Holder or purchaser of
         Series A Notes covered by any Shelf Registration Statement contemplated
         by this Agreement, Series B Notes having an aggregate principal amount
         equal to the aggregate principal amount of Series A Notes sold pursuant
         to the Shelf Registration Statement and surrendered to the Company for
         cancellation; the Company and the Guarantors shall register Series B
         Notes and the related Subsidiary Guarantees on the Shelf Registration
         Statement for this purpose and issue the Series B Notes to the
         purchaser(s) of securities subject to the Shelf Registration Statement
         in the names as such purchaser(s) shall designate.

                  (c)      General Provisions. In connection with any
Registration Statement and any related Prospectus required by this Agreement,
the Company and the Guarantors shall:

                  (i)      use all commercially reasonable efforts to keep such
         Registration Statement continuously effective and provide all requisite
         financial statements for the period specified in Section 3 or 4 of this
         Agreement, as applicable. Upon the occurrence of any event that would
         cause any such Registration Statement or the Prospectus contained
         therein (A) to contain an untrue statement of material fact or omit to
         state any material fact necessary to make the statements therein not
         misleading; or (B) not to be effective and usable for resale of
         Transfer Restricted Securities during the period required by this
         Agreement, the Company and the Guarantors shall file promptly an
         appropriate amendment to such Registration Statement curing such
         defect, and, if Commission review is required, use all commercially
         reasonable efforts to cause such amendment to be declared effective as
         soon as practicable; if at any time the Commission shall issue any stop
         order suspending the effectiveness of any Registration Statement, or
         any state securities commission or other regulatory authority shall
         issue an order suspending the qualification or exemption from
         qualification of the Transfer Restricted Securities under state
         securities or Blue Sky laws, the Company and the Guarantors shall use
         all commercially reasonable efforts to obtain the withdrawal or lifting
         of such order at the earliest possible time;

                  (ii)     prepare and file with the Commission such amendments
         and post-effective amendments to the applicable Registration Statement
         as may be necessary to keep such Registration Statement effective for
         the applicable period set forth in Section 3 or 4 hereof, as the case
         may be; cause the Prospectus to be supplemented by any required
         Prospectus supplement, and as so supplemented to be filed pursuant to
         Rule 424 under the Act, and to comply fully with Rules 424, 430A and
         462, as applicable, under the Act in a timely manner; and comply with
         the provisions of the Act with respect to the disposition of all
         securities covered by such Registration Statement during the applicable
         period in accordance with the intended method or methods of
         distribution by the sellers thereof set forth in such Registration
         Statement or supplement to the Prospectus;

                  (iii)    in connection with any sale of Transfer Restricted
         Securities that will result in such securities no longer being Transfer
         Restricted Securities, cooperate with the Holders to facilitate the
         timely preparation and delivery of certificates representing Transfer
         Restricted Securities to be sold and not bearing any restrictive
         legends; and to register such Transfer Restricted Securities in such
         denominations and such names as the

                                       9

<PAGE>

         selling Holders may request at least two business days prior to such
         sale of Transfer Restricted Securities;

                  (iv)     use all commercially reasonable efforts to cause the
         disposition of the Transfer Restricted Securities covered by the
         Registration Statement to be registered with or approved by such other
         governmental agencies or authorities as may be necessary to enable the
         seller or sellers thereof to consummate the disposition of such
         Transfer Restricted Securities; provided, however, that neither the
         Company nor any Guarantor shall be required to register or qualify as a
         foreign corporation where it is not now so qualified or to take any
         action that would subject it to the service of process in suits or to
         taxation, other than as to matters and transactions relating to the
         Registration Statement, in any jurisdiction where it is not now so
         subject;

                  (v)      provide a CUSIP number for all Transfer Restricted
         Securities not later than the effective date of a Registration
         Statement covering such Transfer Restricted Securities and provide the
         Trustee under the Indenture with certificates for the Transfer
         Restricted Securities which are in a form eligible for deposit with The
         Depository Trust Company;

                  (vi)     otherwise use all commercially reasonable efforts to
         comply with all applicable rules and regulations of the Commission, and
         make generally available to its security holders with regard to any
         applicable Registration Statement, as soon as practicable, a
         consolidated earnings statement meeting the requirements of Rule 158
         (which need not be audited) covering a twelve-month period beginning
         after the effective date of the Registration Statement (as such term is
         defined in paragraph (c) of Rule 158 under the Act); and

                  (vii)    cause the Indenture to be qualified under the TIA not
         later than the effective date of the first Registration Statement
         required by this Agreement and, in connection therewith, cooperate with
         the Trustee and the Holders to effect such changes to the Indenture as
         may be required for such Indenture to be so qualified in accordance
         with the terms of the TIA; and execute and use all commercially
         reasonable efforts to cause the Trustee to execute, all documents that
         may be required to effect such changes and all other forms and
         documents required to be filed with the Commission to enable such
         Indenture to be so qualified in a timely manner.

                  (d)      Additional Provisions Applicable to Shelf
Registration Statements and Certain Exchange Offer Prospectuses. In connection
with each Shelf Registration Statement, and each Exchange Offer Registration
Statement if and to the extent that an Initial Purchaser has notified the
Company that it is a holder of Series B Notes that are Transfer Restricted
Securities (for so long as such Series B Notes are Transfer Restricted
Securities or for the period provided in Section 3, whichever is shorter), the
Company and the Guarantors shall:

                  (i)      advise each Holder promptly and, if requested by such
         Holder, confirm such advice in writing, (A) when the Prospectus or any
         Prospectus supplement or post-effective amendment has been filed, and,
         with respect to any applicable Registration Statement or any
         post-effective amendment thereto, when the same has become effective;

                                       10

<PAGE>

         (B) of any request by the Commission for amendments to the Registration
         Statement or amendments or supplements to the Prospectus or for
         additional information relating thereto; (C) of the issuance by the
         Commission of any stop order suspending the effectiveness of the
         Registration Statement under the Act or of the suspension by any state
         securities commission of the qualification of the Transfer Restricted
         Securities for offering or sale in any jurisdiction, or the initiation
         of any proceeding for any of the preceding purposes; (D) of the
         existence of any fact or the happening of any event that makes any
         statement of a material fact made in the Registration Statement, the
         Prospectus, any amendment or supplement thereto or any document
         incorporated by reference therein untrue, or that requires the making
         of any additions to or changes in the Registration Statement in order
         to make the statements therein not misleading, or that requires the
         making of any additions to or changes in the Prospectus in order to
         make the statements therein, in the light of the circumstances under
         which they were made, not misleading;

                  (ii)     if any fact or event contemplated by Section
         6(d)(i)(D) above shall exist or have occurred, prepare a supplement or
         post-effective amendment to the Registration Statement or related
         Prospectus or any document incorporated therein by reference or file
         any other required document so that, as thereafter delivered to the
         purchasers of Transfer Restricted Securities, the Prospectus will not
         contain an untrue statement of a material fact or omit to state any
         material fact necessary to make the statements therein, in the light of
         the circumstances under which they were made, not misleading;

                  (iii)    furnish to each Holder of the securities being
         registered in connection with such exchange or sale, if any, before
         filing with the Commission, copies of any Registration Statement or any
         Prospectus included therein (except the Prospectus included in the
         Exchange Offer Registration Statement at the time it was declared
         effective) or any amendments or supplements to any such Registration
         Statement or Prospectus (including all documents incorporated by
         reference after the initial filing of such Registration Statement),
         which documents will be subject to the review and comment of such
         Holders in connection with such sale, if any, for a period of at least
         two business days, and the Company will not file any such Registration
         Statement or Prospectus or any amendment or supplement to any such
         Registration Statement or Prospectus (including all such documents
         incorporated by reference) to which such Holders shall reasonably
         object within two business days after the receipt thereof.

                  (iv)     promptly prior to the filing of any document that is
         to be incorporated by reference into a Registration Statement or
         Prospectus, provide copies of such document to each Holder of the
         securities being registered in connection with such exchange or sale,
         if any, make the Company's and the Guarantors' representatives
         available for discussion of such document and other customary due
         diligence matters, and include such information in such document prior
         to the filing thereof as such Holders may reasonably request;

                  (v)      make available, at reasonable times, for inspection
         by a representative of the Holders of a majority of the principal
         amount of the securities being registered and any attorney or
         accountant retained by such representative, all financial and other
         records,

                                       11

<PAGE>

         pertinent corporate documents of the Company and the Guarantors and
         cause the Company's and the Guarantors' officers, directors and
         employees to supply all information reasonably requested by any such
         representative, attorney or accountant in connection with such
         Registration Statement or any post-effective amendment thereto
         subsequent to the filing thereof and prior to its effectiveness;

                  (vi)     if requested by any Holders in connection with such
         exchange or sale, promptly include in any Registration Statement or
         Prospectus, pursuant to a supplement or post-effective amendment if
         necessary, such information as such Holders may reasonably request to
         have included therein, including, without limitation, information
         relating to the "Plan of Distribution" of the Transfer Restricted
         Securities; and make all required filings of such Prospectus supplement
         or post-effective amendment as soon as practicable after the Company is
         notified of the matters to be included in such Prospectus supplement or
         post-effective amendment;

                  (vii)    make available upon request to each Holder in
         connection with such exchange or sale without charge, at least one copy
         of the Registration Statement, as first filed with the Commission, and
         of each amendment thereto, including all documents incorporated by
         reference therein and all exhibits (including exhibits incorporated
         therein by reference);

                  (viii)   deliver to each Holder without charge, as many copies
         of the Prospectus (including each preliminary prospectus) and any
         amendment or supplement thereto as such Persons reasonably may request;
         the Company and the Guarantors hereby consent to the use (in accordance
         with law) of the Prospectus and any amendment or supplement thereto by
         each selling Holder in connection with the offering and the sale of the
         Transfer Restricted Securities covered by the Prospectus or any
         amendment or supplement thereto;

                  (ix)     upon the request of Holders of a majority in
         principal amount of Transfer Restricted Securities, enter into such
         agreements (including underwriting agreements) and make such
         representations and warranties as contained in the Purchase Agreement,
         as applicable, and take all such other actions in connection therewith
         in order to expedite or facilitate the disposition of the Transfer
         Restricted Securities pursuant to any applicable Registration Statement
         contemplated by this Agreement as may be reasonably requested by any
         Holder in connection with any sale or resale pursuant to any applicable
         Registration Statement. In such connection, the Company and the
         Guarantors shall:

                           (A)      upon request of Holders of a majority in
                  principal amount of Transfer Restricted Securities, furnish
                  (or in the case of paragraphs (2) and (3), use all
                  commercially reasonable efforts to cause to be furnished) to
                  each Holder, upon Consummation of the Exchange Offer or upon
                  the effectiveness of the Shelf Registration Statement, as the
                  case may be:

                                    (1)      a certificate, dated such date,
                           signed on behalf of the Company and each Guarantor by
                           (x) the President or any Vice President and (y) a
                           principal financial or accounting officer of the
                           Company and such Guarantor, confirming, as of the
                           date thereof, the matters set forth in

                                       12

<PAGE>

                           Sections 5(a), 5(b) and 5(h) of the Purchase
                           Agreement and such other similar matters as such
                           Holders may reasonably request;

                                    (2)      an opinion, dated the date of
                           Consummation of the Exchange Offer or the date of
                           effectiveness of the Shelf Registration Statement, as
                           the case may be, of counsel for the Company and the
                           Guarantors covering matters similar to those set
                           forth in paragraph (d) of Section 5 of the Purchase
                           Agreement and such other matters as such Holder may
                           reasonably request, and in any event including a
                           statement to the effect that such counsel has
                           participated in conferences with officers and other
                           representatives of the Company and the Guarantors,
                           representatives of the independent public accountants
                           for the Company and the Guarantors and has considered
                           the matters required to be stated therein and the
                           statements contained therein, although such counsel
                           has not independently verified the accuracy,
                           completeness or fairness of such statements; and that
                           such counsel advises that, on the basis of the
                           foregoing, no facts came to such counsel's attention
                           that caused such counsel to believe that the
                           applicable Registration Statement, at the time such
                           Registration Statement or any post-effective
                           amendment thereto became effective and, in the case
                           of the Exchange Offer Registration Statement, as of
                           the date of Consummation of the Exchange Offer,
                           contained an untrue statement of a material fact or
                           omitted to state a material fact required to be
                           stated therein or necessary to make the statements
                           therein not misleading, or that the Prospectus
                           contained in such Registration Statement as of its
                           date and, in the case of the opinion dated the date
                           of Consummation of the Exchange Offer, as of the date
                           of Consummation, contained an untrue statement of a
                           material fact or omitted to state a material fact
                           necessary in order to make the statements therein, in
                           the light of the circumstances under which they were
                           made, not misleading. Without limiting the foregoing,
                           such counsel may state further that such counsel
                           assumes no responsibility for, and has not
                           independently verified, the accuracy, completeness or
                           fairness of the financial statements, notes and
                           schedules and other financial data included in any
                           Registration Statement contemplated by this Agreement
                           or the related Prospectus; and

                                    (3)      a customary comfort letter, dated
                           the date of Consummation of the Exchange Offer, or as
                           of the date of effectiveness of the Shelf
                           Registration Statement, as the case may be, from the
                           Company's independent accountants, in the customary
                           form and covering matters of the type customarily
                           covered in comfort letters to underwriters in
                           connection with underwritten offerings, and affirming
                           the matters set forth in the comfort letters
                           delivered pursuant to Sections 5(f) and 5(g) of the
                           Purchase Agreement; and

                           (B)      deliver such other documents and
                  certificates as may be reasonably requested by the selling
                  Holders to evidence compliance with the matters covered

                                       13

<PAGE>

                  in clause (A) above and with any customary conditions
                  contained in any agreement entered into by the Company and the
                  Guarantors pursuant to this clause (ix);

                  (x)      prior to any public offering of Transfer Restricted
         Securities, cooperate with the selling Holders and their counsel in
         connection with the registration and qualification of the Transfer
         Restricted Securities under the securities or Blue Sky laws of such
         jurisdictions as the selling Holders may request and do any and all
         other acts or things necessary or advisable to enable the disposition
         in such jurisdictions of the Transfer Restricted Securities covered by
         the applicable Registration Statement; provided, however, that neither
         the Company nor any Guarantor shall be required to register or qualify
         as a foreign corporation where it is not now so qualified or to take
         any action that would subject it to the service of process in suits or
         to taxation, other than as to matters and transactions relating to the
         Registration Statement, in any jurisdiction where it is not now so
         subject; and

                  (xi)     provide promptly to each Holder, upon request, each
         document filed with the Commission pursuant to the requirements of
         Section 13 or Section 15(d) of the Exchange Act.

                  (e)      Restrictions on Holders. Each Holder's acquisition of
a Transfer Restricted Security constitutes such Holder's agreement that, upon
receipt of the notice referred to in Section 6(d)(i)(C) or any notice from the
Company of the existence of any fact of the kind described in Section 6(d)(i)(D)
hereof (in each case, a "Suspension Notice"), such Holder will forthwith
discontinue disposition of Transfer Restricted Securities pursuant to the
applicable Registration Statement until (i) such Holder has received copies of
the supplemented or amended Prospectus contemplated by Section 6(d)(ii) hereof,
or (ii) such Holder is advised in writing by the Company that the use of the
Prospectus may be resumed, and has received copies of any additional or
supplemental filings that are incorporated by reference in the Prospectus (in
each case, the "Recommencement Date"). Each Holder receiving a Suspension Notice
shall be required to either (i) destroy any Prospectuses, other than permanent
file copies, then in such Holder's possession which have been replaced by the
Company with more recently dated Prospectuses; or (ii) deliver to the Company
(at the Company's expense) all copies, other than permanent file copies, then in
such Holder's possession of the Prospectus covering such Transfer Restricted
Securities that was current at the time of receipt of the Suspension Notice. The
time period regarding the effectiveness of such Registration Statement set forth
in Section 3 or 4 hereof, as applicable, shall be extended by a number of days
equal to the number of days in the period from and including the date of
delivery of the Suspension Notice to the date of delivery of the Recommencement
Date.

SECTION 7.        REGISTRATION EXPENSES

                  (a)      All expenses incident to the Company's and the
Guarantors' performance of or compliance with this Agreement will be borne by
the Company, regardless of whether a Registration Statement becomes effective,
including without limitation: (i) all registration and filing fees and expenses;
(ii) all fees and expenses of compliance with federal securities and state Blue
Sky or securities laws; (iii) all expenses of printing (including certificates
for the Series B

                                       14

<PAGE>

Notes to be issued in the Exchange Offer and printing of Prospectuses, messenger
and delivery services and telephone); (iv) all fees and disbursements of counsel
for the Company, the Guarantors and one counsel for the Holders of Transfer
Restricted Securities which shall be Latham & Watkins LLP or such other counsel
as may be selected by a majority of such Holders; (v) all application and filing
fees in connection with listing the Series B Notes on a national securities
exchange or automated quotation system pursuant to the requirements hereof; and
(vi) all fees and disbursements of independent certified public accountants of
the Company and the Guarantors (including the expenses of any special audit and
comfort letters required by or incident to such performance).

                  The Company will, in any event, bear its and the Guarantors'
internal expenses (including, without limitation, all salaries and expenses of
its officers and employees performing legal or accounting duties), the expenses
of any annual audit and the fees and expenses of any Person, including special
experts, retained by the Company or the Guarantors.

                  (b)      In connection with any Registration Statement
required by this Agreement (including, without limitation, the Exchange Offer
Registration Statement and the Shelf Registration Statement), the Company and
the Guarantors will reimburse the Initial Purchasers and the Holders of Transfer
Restricted Securities who are tendering Series A Notes in the Exchange Offer
and/or selling or reselling Series A Notes or Series B Notes pursuant to the
"Plan of Distribution" contained in the Exchange Offer Registration Statement or
the Shelf Registration Statement, as applicable, for the reasonable fees and
disbursements of not more than one counsel, who shall be Latham & Watkins LLP
unless another firm shall be chosen by the Holders of a majority in principal
amount of the Transfer Restricted Securities for whose benefit such Registration
Statement is being prepared.

SECTION 8.        INDEMNIFICATION

                  (a)      The Company and the Guarantors agree, jointly and
severally, to indemnify and hold harmless each Holder, its directors, officers
and each Person, if any, who controls such Holder (within the meaning of Section
15 of the Act or Section 20 of the Exchange Act), from and against any and all
losses, claims, damages, liabilities, judgments (including without limitation,
any legal or other expenses incurred in connection with investigating or
defending any matter, including any action that could give rise to any such
losses, claims, damages, liabilities or judgments) caused by any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement, preliminary prospectus or Prospectus (or any amendment
or supplement thereto) provided by the Company to any Holder or any prospective
purchaser of Series B Notes or registered Series A Notes, or caused by any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading,
except insofar as such losses, claims, damages, liabilities or judgments are
caused by an untrue statement or omission or alleged untrue statement or
omission that is based upon information relating to any of the Holders furnished
in writing to the Company by any of the Holders.

                  (b)      By its acquisition of Transfer Restricted Securities,
each Holder of Transfer Restricted Securities agrees, severally and not jointly,
to indemnify and hold harmless the Company and the Guarantors, and their
respective directors and officers, and each person, if

                                       15

<PAGE>

any, who controls  (within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act) the Company or the Guarantors to the same extent as the
foregoing indemnity from the Company and the Guarantors set forth in section (a)
above, but only with reference to information relating to such Holder furnished
in writing to the Company by such Holder expressly for use in any Registration
Statement.  In no event shall any Holder, its directors, officers or any Person
who controls such Holder be liable or responsible for any amount in excess of
the amount by which the total amount received by such Holder with respect to its
sale of Transfer Restricted Securities pursuant to a Registration Statement
exceeds (i) the amount paid by such Holder for such Transfer Restricted
Securities; and (ii) the amount of any damages that such Holder, its directors,
officers or any Person who controls such Holder has otherwise  been required to
pay by reason of such untrue or alleged untrue statement or omission or alleged
omission.

                  (c)      In case any action shall be commenced involving any
person in respect of which indemnity may be sought pursuant to Section 8(a) or
8(b) (the "indemnified party"), the indemnified party shall promptly notify the
person against whom such indemnity may be sought (the "indemnifying person") in
writing and the indemnifying party shall assume the defense of such action,
including the employment of counsel reasonably satisfactory to the indemnified
party and the payment of all fees and expenses of such counsel, as incurred
(except that in the case of any action in respect of which indemnity may be
sought pursuant to both Sections 8(a) and 8(b), a Holder shall not be required
to assume the defense of such action pursuant to this Section 8(c), but may
employ separate counsel and participate in the defense thereof, but the fees and
expenses of such counsel, except as provided below, shall be at the expense of
the Holder). Any indemnified party shall have the right to employ separate
counsel in any such action and participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of the indemnified party
unless (i) the employment of such counsel shall have been specifically
authorized in writing by the indemnifying party; (ii) the indemnifying party
shall have failed to assume the defense of such action or employ counsel
reasonably satisfactory to the indemnified party; or (iii) the named parties to
any such action (including any impleaded parties) include both the indemnified
party and the indemnifying party, and the indemnified party shall have been
advised by such counsel that there may be one or more legal defenses available
to it which are different from or additional to those available to the
indemnifying party (in which case the indemnifying party shall not have the
right to assume the defense of such action on behalf of the indemnified party).
In any such case, the indemnifying party shall not, in connection with any one
action or separate but substantially similar or related actions in the same
jurisdiction arising out of the same general allegations or circumstances, be
liable for the fees and expenses of more than one separate firm of attorneys (in
addition to any local counsel) for all indemnified parties and all such fees and
expenses shall be reimbursed as they are incurred. Such firm shall be designated
in writing by a majority of the Holders, in the case of the parties indemnified
pursuant to Section 8(a), and by the Company and the Guarantors, in the case of
parties indemnified pursuant to Section 8(b). The indemnifying party shall
indemnify and hold harmless the indemnified party from and against any and all
losses, claims, damages, liabilities and judgments by reason of any settlement
of any action (i) effected with its written consent. Each indemnified party, as
a condition to the indemnity agreements contained herein, shall use all
commercially reasonable efforts to cooperate with the indemnifying party or
parties in the defense of any action or claim under this Section 8. No
indemnifying party shall, without the prior written consent of the indemnified
party, effect any settlement or compromise of, or

                                       16

<PAGE>

consent to the entry of judgment with respect to, any pending or threatened
action in respect of which the indemnified party is or could have been a party
and indemnity or contribution may be or could have been sought hereunder by the
indemnified party, unless such settlement, compromise or judgment (i) includes
an unconditional release of the indemnified party from all liability on claims
that are or could have been the subject matter of such action; and (ii) does not
include a statement as to or an admission of fault, culpability or a failure to
act, by or on behalf of the indemnified party.

                  (d)      To the extent that the indemnification provided for
in this Section 8 is unavailable to an indemnified party in respect of any
losses, claims, damages, liabilities or judgments referred to therein, then each
indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages, liabilities or judgments (i) in such proportion
as is appropriate to reflect the relative benefits received by the Company and
the Guarantors on the one hand, and the Holders, on the other hand, from their
initial sale of Transfer Restricted Securities (or in the case of Series B Notes
that are Transfer Restricted Securities, the sale of the Series A Notes for
which such Series B Notes were exchanged); or (ii) if the allocation provided by
clause 8(d)(i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause
8(d)(i) above but also the relative fault of the Company and the Guarantors, on
the one hand, and of the Holder, on the other hand, in connection with the
statements or omissions which resulted in such losses, claims, damages,
liabilities or judgments, as well as any other relevant equitable
considerations. The relative fault of the Company and the Guarantors, on the one
hand, and of the Holder, on the other hand, shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates to
information supplied by the Company or such Guarantor, on the one hand, or by
the Holder, on the other hand, and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or
omission. The amount paid or payable by a party as a result of the losses,
claims, damages, liabilities and judgments referred to above shall be deemed to
include, subject to the limitations set forth in the second paragraph of Section
8(a), any legal or other fees or expenses reasonably incurred by such party in
connection with investigating or defending any action or claim.

                  The Company, the Guarantors and, by its acquisition of
Transfer Restricted Securities, each Holder agree that it would not be just and
equitable if contribution pursuant to this Section 8(d) were determined by pro
rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or judgments referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any matter, including any
action that could have given rise to such losses, claims, damages, liabilities
or judgments. Notwithstanding the provisions of this Section 8, no Holder, its
directors, its officers or any Person, if any, who controls such Holder shall be
required to contribute, in the aggregate, any amount in excess of the amount by
which the total received by such Holder with respect to the sale of Transfer
Restricted Securities pursuant to a Registration Statement exceeds (i) the
amount

                                       17

<PAGE>

paid by such Holder for such Transfer Restricted Securities; and (ii) the amount
of any damages which such Holder has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No
person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. The Holders' obligations to
contribute pursuant to this Section 8(d) are several in proportion to the
respective principal amount of Transfer Restricted Securities held by each
Holder hereunder and not joint.

SECTION 9.        RULE 144A AND RULE 144

                  The Company and each Guarantor agrees with each Holder, for so
long as any Transfer Restricted Securities remain outstanding and during any
period in which the Company or such Guarantor (i) is not subject to Section 13
or 15(d) of the Exchange Act, to make available, upon request of any Holder, to
such Holder or beneficial owner of Transfer Restricted Securities in connection
with any sale thereof and any prospective purchaser of such Transfer Restricted
Securities designated by such Holder or beneficial owner, the information
required by Rule 144A(d)(4) under the Act in order to permit resales of such
Transfer Restricted Securities pursuant to Rule 144A; and (ii) is subject to
Section 13 or 15(d) of the Exchange Act, to make all filings required thereby in
a timely manner in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144.

SECTION 10.       MISCELLANEOUS

                  (a)      Remedies. The Company and the Guarantors acknowledge
and agree that any failure by the Company and/or the Guarantors to comply with
their respective obligations hereunder (other than a failure to comply with
their obligations hereunder as to which Liquidated Damages are payable pursuant
to Section 5 above) may result in material irreparable injury to the Initial
Purchasers or the Holders for which there is no adequate remedy at law, that it
will not be possible to measure damages for such injuries precisely and that, in
the event of any such failure, the Initial Purchasers or any Holder may obtain
such relief as may be required to specifically enforce the Company's and the
Guarantor's obligations hereunder (other than a failure to comply with their
obligations hereunder as to which Liquidated Damages are payable pursuant to
Section 5 above). The Company and the Guarantors further agree to waive the
defense in any action for specific performance that a remedy at law would be
adequate.

                  (b)      No Inconsistent Agreements. The Company and the
Guarantors will not, on or after the date of this Agreement, enter into any
agreement with respect to their respective securities that is inconsistent with
the rights granted to the Holders in this Agreement or otherwise conflicts with
the provisions hereof. The Company and the Guarantors have not previously
entered into any agreement granting any registration rights with respect to
their respective securities to any Person that would require such securities to
be included in any Registration Statement filed hereunder. The rights granted to
the Holders hereunder do not in any way conflict with and are not inconsistent
with the rights granted to the holders of the Company's and the Guarantors'
securities under any agreement in effect on the date hereof.

                  (c)      Amendments and Waivers. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures from the

                                       18

<PAGE>

provisions hereof may not be given unless (i) in the case of Section 5 hereof
and this Section 10(c)(i), the Company has obtained the written consent of
Holders of all outstanding Transfer Restricted Securities and (ii) in the case
of all other provisions hereof, the Company has obtained the written consent of
Holders of a majority of the outstanding principal amount of Transfer Restricted
Securities (excluding Transfer Restricted Securities held by the Company or its
Affiliates). Notwithstanding the foregoing, a waiver or consent to departure
from the provisions hereof that relates exclusively to the rights of Holders
whose Transfer Restricted Securities are being tendered pursuant to the Exchange
Offer, and that does not adversely affect directly or indirectly the rights of
other Holders whose Transfer Restricted Securities are not being tendered
pursuant to such Exchange Offer, may be given by the Holders of a majority of
the outstanding principal amount of Transfer Restricted Securities subject to
such Exchange Offer.

                  (d)      Third Party Beneficiary. The Holders shall be third
party beneficiaries to the agreements made hereunder between the Company and the
Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and
shall have the right to enforce such agreements directly to the extent they may
deem such enforcement necessary or advisable to protect their rights hereunder.

                  (e)      Notices. All notices and other communications
provided for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail (registered or certified, return receipt requested), telex,
telecopier, or air courier guaranteeing overnight delivery:

                  (i)      if to a Holder, at the address set forth on the
         records of the Note Registrar under the Indenture, with a copy to the
         Note Registrar under the Indenture; and

                  (ii)     if to the Company or any of the Guarantors:

                               Rent-A-Center, Inc.
                               5700 Tennyson Parkway, Third Floor
                               Plano, Texas 75024
                               Attention: Chief Financial Officer
                               Telecopier no.: (972) 943-0113

                            with a copy to:

                               Winstead Sechrest & Minick P.C.
                               5400 Renaissance Tower
                               Dallas, Texas 75270
                               Attention: Thomas W. Hughes
                               Telecopier no.: (214) 745-5400

                  All such notices and communications shall be deemed to have
been duly given at the time delivered by hand, when receipt acknowledged, if
telecopied; and on the next business day, if timely delivered to an air courier
guaranteeing overnight delivery.

                  Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee at
the address specified in the Indenture.

                                       19

<PAGE>

                  (f)      Successors and Assigns. This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the
parties, including without limitation and without the need for an express
assignment, subsequent Holders; provided, that nothing herein shall be deemed to
permit any assignment, transfer or other disposition of Transfer Restricted
Securities in violation of the terms hereof or of the Purchase Agreement or the
Indenture, and provided, further, that the Company and the Guarantors shall be
entitled to rely on the records of the Note Registrar as to which Persons are
"Holders" for purposes of this Agreement. If any transferee of any Holder shall
acquire Transfer Restricted Securities in any manner, whether by operation of
law or otherwise, such Transfer Restricted Securities shall be held subject to
all of the terms of this Agreement, and by taking and holding such Transfer
Restricted Securities such Person shall be conclusively deemed to have agreed to
be bound by and to perform all of the terms and provisions of this Agreement,
including the restrictions on resale set forth in this Agreement and, if
applicable, the Purchase Agreement, and such Person shall be entitled to receive
the benefits hereof.

                  (g)      Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

                  (h)      Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                  (i)      Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO THE CONFLICT OF LAW RULES THEREOF.

                  (j)      Severability. In the event that any one or more of
the provisions contained herein, or the application thereof in any circumstance,
is held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be affected or impaired thereby.

                  (k)      Entire Agreement. This Agreement is intended by the
parties as a final expression of their agreement and intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto
in respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to
herein with respect to the registration rights granted with respect to the
Transfer Restricted Securities. This Agreement supersedes all prior agreements
and understandings between the parties with respect to such subject matter.

                                       20

<PAGE>

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

                                     RENT-A-CENTER, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         Chairman of the Board, Director and
                                         Chief Executive Officer

                                     RENT-A-CENTER EAST, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

                                     COLORTYME, INC.

                                     By: /s/ MARK E. SPEESE
                                         --------------------------------------
                                         Mark E. Speese
                                         Vice President

                                     RENT-A-CENTER WEST, INC.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

                                     GET IT NOW, LLC

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         President

                                       21

<PAGE>

                                         RENT-A-CENTER TEXAS, L.P.

                                     By: /s/ MARK E. SPEESE
                                         ---------------------------------------
                                         Mark E. Speese
                                         Chief Executive Officer

                                     RENT-A-CENTER TEXAS, L.L.C.

                                     By: /s/ JAMES ASHWORTH
                                         ---------------------------------------
                                         James Ashworth
                                         President

                                       22

<PAGE>

LEHMAN BROTHERS INC.
J.P. MORGAN SECURITIES INC.
MORGAN STANLEY & CO. INCORPORATED
BEAR, STEARNS & CO. INC.
UBS WARBURG LLC
WACHOVIA SECURITIES, INC.

By: LEHMAN BROTHERS INC.,
    as Authorized Representative

    By: /s/ MICHAEL A. GOLDBERG
        --------------------------------
       Michael A. Goldberg
       Managing Director

                                       23

<PAGE>

                                                                      SCHEDULE A

Guarantors

Rent-A-Center East, Inc.
ColorTyme, Inc.
Rent-A-Center West, Inc.
Get It Now, LLC
Rent-A-Center Texas, L.P.
Rent-A-Center Texas, L.L.C.

                                      A-1

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