Document:

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EXHIBIT 4.14

THIS EMPLOYMENT AGREEMENT made as of this 1st day of January, 2002.

B E T W E E N:

          CAPITAL ENVIRONMENTAL RESOURCE INC., an Ontario corporation having its
          head office at 1005 Skyview Drive, Burlington, ON L7P 5B1
          ("CAPITAL")

- AND -

          JOHN D. MCGARVEY, an individual residing at 3230 Braumiller Road,
          Delaware, Oh 43015
          (the "EMPLOYEE" or "MR. MCGARVEY")

     WHEREAS, the Corporation desires to retain Mr. McGarvey as an employee;

     AND WHEREAS, Mr. McGarvey is desirous of being so retained;

     NOW THEREFORE IN CONSIDERATION of the Employee's employment by Capital, the
mutual provisions contained herein, the compensation to be paid the Employee
either in the form of salary, other compensation or increases therein and for
good and valuable consideration more particularly set out herein, the parties
agree with each other as follows:

1.   EMPLOYMENT

     A.   Capital hereby employs the Employee and the Employee hereby accepts
          employment upon the terms and conditions of this Agreement. The
          Employee shall have the titles of Executive Vice President and Chief
          Operating Officer for Eastern Canada and shall report to the Chief
          Executive Officer of Capital or his designee and shall perform such
          duties, assume such responsibilities and devote such time, attention
          and energy to the business of Capital and corporations affiliated with
          Capital (the "Affiliated Corporations") as Capital shall reasonably
          require.

2.   COMPENSATION

     For all services rendered by the Employee under this Agreement, Capital
     agrees to compensate the Employee during the term hereof, as follows:

     A.   BASE SALARY. Employee's base salary shall be $60,000 per annum payable
          on a periodic basis consistent with Capital's payroll procedures for
          executive employees. The Employee's base salary shall be reviewed at
          least annually and shall be increased as agreed by Capital and the
          Employee from time to time.

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     B.   OTHER COMPENSATION. The Employee shall be entitled to receive the
          following additional compensation:

               i.   BONUS. For each of 2002 and 2003, Employee may receive an
                    annual performance bonus in an amount to be determined at
                    the discretion of the Chief Executive Officer.

              ii.   BENEFITS. If eligible, Employee and his dependants shall be
                    covered under Capital's executive benefit plan inclusive of
                    the matching pension contribution to a maximum of five
                    percent (5%) of base salary and such other benefits as may
                    be authorized by the Board of Directors or Compensation
                    Committee from time to time.

             iii.   VACATION. Employee shall be granted four (4) weeks vacation
                    in each fiscal year, to be taken at such times as mutually
                    agreed between the Employee and Capital. Vacation may only
                    be taken within the year of entitlement and may not be
                    accumulated form year to year unless otherwise mutually
                    agreed.

              iv.   CAR.

                    (1)  Capital shall provide the Employee with a leased
                         vehicle (or equivalent car allowance) commensurate with
                         his position;

                    (2)  Capital shall be responsible for all costs incurred in
                         the operation of such vehicle including fuel,
                         maintenance, and insurance. Capital will compensate the
                         Employee for any deemed taxable benefits for his
                         personal use of such vehicle including taxable benefits
                         relating to operating costs; and

                    (3)  Capital shall provide at its cost a transponder for the
                         Employee to use while commuting from and to his home to
                         and from Capital's offices.

              v.    STOCK OPTIONS. Effective upon the date of this Agreement and
                    with a grant date of November 19, 2001, the Employee shall
                    be granted 250,000 options to purchase stock in the capital
                    of Capital, which shall vest upon the second anniversary of
                    the grant date (the "Vesting Date"). The exercise price for
                    each optioned share shall be the price per share as listed
                    on Nasdaq at the close of business on November 18, 2001.

              vi.   MOBILE TELEPHONE. Capital shall provide the Employee with a
                    mobile telephone and pay all reasonable charges incurred by
                    the Employee in connection with the use of such telephone or
                    reimburse Employee for same.

     C.   EXPENSES. Employee shall be reimbursed for all expenses reasonably and
          actually incurred in the performance of his duties, subject to
          submission of appropriate

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          documentation in accordance with Capital's expense reimbursement
          policy in effect from time to time.

3.   TERM, TERMINATION

     A.   The Employee shall be employed for a term of two (2) years ending
          December 31, 2003 (the "TERM").

     B.   Employee's employment hereunder shall terminate upon Employee's death.

     C.   The Company may terminate Employee's employment hereunder upon
          Employee's becoming "Totally Disabled". For purposes of this
          Agreement, Employee shall be "Totally Disabled" if Employee is
          physically or mentally incapacitated so as to render Employee
          incapable of performing the usual and customary duties under this
          Agreement. Employee's receipt of disability benefits under the
          Company's long-term disability plan or receipt of other disability
          benefits shall be deemed conclusive evidence of being Totally Disabled
          for the purposes of this Agreement; provided, however, that in the
          absence of Employee's receipt of such long-term disability benefits or
          other disability benefits, the Company may, in its reasonable
          discretion (but based upon appropriate medical evidence), determine
          that Employee is Totally Disabled.

     D.   The Employee may be terminated at any time for Cause without notice or
          compensation in lieu thereof. For purposes of this Agreement, the term
          "Cause" shall mean any of the following: (A) conviction of a crime
          (including conviction on a guilty plea) involving an indictable
          offence or, in the good faith judgment of the Company, fraud,
          dishonesty, or moral turpitude; (B) deliberate and continual refusal
          to perform employment duties reasonably requested by the Company or an
          affiliate after five (5) days' written notice by certified mail of
          such failure to perform, specifying that the failure constitutes cause
          (other than as a result of vacation, sickness, illness or injury); (C)
          fraud or embezzlement or material conflict of interest, determined in
          accordance with the Company's normal, internal investigative
          procedures consistently applied in comparable circumstances; (D) gross
          misconduct or gross negligence in connection with the business of the
          Company or an affiliate which has substantial effect on the Company or
          the affiliate; or (E) breach of any of the covenants set forth in
          Section 4 hereof.

     E.   Any determination of Cause under this Agreement shall be made by the
          Company after giving Employee a reasonable opportunity to be heard.

     F.   Employee may terminate employment hereunder at any time after
          providing thirty (30) days' written notice to the Company

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     G.   On termination, without Cause, Employee shall receive:

               i.   by way of salary continuance of the Employee's base salary
                    for the greater of the remaining Term at the time of
                    termination of this Agreement or six (6) months (the
                    "SEVERANCE PERIOD") Such severance shall be paid over the
                    Severance Period in accordance with Capital's payroll
                    procedures for executive employees;

              ii.   entitlement to the options granted under Section 2.B.v
                    hereof vesting according to the preceding schedule
                    regardless of whether Employee's employment shall terminate
                    prior to the vesting of such options and shall remain
                    exercisable for the full Term of the Option, as such terms
                    are defined in the Employee Option Agreement between Capital
                    and the Employee of even date; and

             iii.   his Annual Bonus from previous year (pro-rated).

     H.   For greater certainty should the agreement not be renewed for a
          further term, Employee shall receive (6) six months severance paid in
          accordance with the above.

     I.   In the event that Employee's employment is terminated by reason of
          Employee's death, the Company shall pay the following amounts to
          Employee's beneficiary or estate:

               i.   Any accrued but unpaid Base Salary for services rendered to
                    the date of death, any accrued but unpaid expenses required
                    to be reimbursed under this Agreement, any vacation accrued
                    to the date of death, and a prorated annual incentive bonus.

              ii.   Any benefits to which Employee may be entitled pursuant to
                    the plans, policies and arrangements referred to in Section
                    2.B.ii hereof as determined and paid in accordance with the
                    terms of such plans, policies and arrangements.

     J.   In the event that Employee's employment is terminated by reason of
          Employee being Totally Disabled as determined in accordance with
          Section 3.C, the Company shall pay the following amounts to Employee:

               i.   Any accrued but unpaid Base Salary for services rendered to
                    the date of termination, any accrued but unpaid expenses
                    required to be reimbursed under this Agreement, any vacation
                    accrued to the date of termination, and a prorated annual
                    incentive bonus.

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              ii.   Any benefits to which Employee may be entitled pursuant to
                    the plans, policies and arrangements referred to in Section
                    2.B.ii hereof shall be determined and paid in accordance
                    with the terms of such plans, policies and arrangements.

             iii.   The Base Salary (at the rate in effect as of the date of
                    Employee's termination) which would have been payable to
                    Employee if Employee had continued in active employment
                    until the later of: (A) the period ending on the last day of
                    the Term; or (B) the end of the six (6) month period
                    beginning on the date of Employee's termination. Payment
                    shall be made at the same time and in the same manner as
                    such compensation would have been paid if Employee had
                    remained in active employment until the end of such period.
                    The Employee shall also be eligible for a bonus or incentive
                    compensation payment to the extent bonuses are paid to
                    similarly situated employees, pro-rated for the year in
                    which the Employee is terminated, and paid when similarly
                    situated employees are paid.

              iv.   The Company completely at its expense will continue for
                    Employee and Employee's spouse and dependents, group health
                    plans, programs or arrangements, in which Employee was
                    entitled to participate at any time during the twelve-month
                    period prior to the date of termination, until the earlier
                    of: (A) last day of period during which Employee receives
                    payment in accordance with clause iii above; (B) Employee's
                    death (provided that benefits payable to Employee's
                    beneficiaries shall not terminate upon Employee's death); or
                    (C) with respect to any particular plan, program or
                    arrangement, the date Employee becomes covered by a
                    comparable benefit provided by a subsequent employer.

     K.   Upon the effective date of termination or resignation, the Employee
          shall promptly deliver and return to Capital all the property,
          including, but not limited to, credit cards, customer lists, financial
          data, letters, notes, notebooks, reports, or copies of any of the
          above, any Confidential Information, as defined in Section 4.A.i.

4.   NON-COMPETITION AND NON-SOLICITATION COVENANTS

     A.   DEFINITIONS.

               i.   "Confidential Information" includes information whether or
                    not developed by the Employee and includes, but is not
                    limited to:

                    (1)  names and identities of former, existing, and
                         prospective customers/clients of Capital not well known
                         to the trade; all contacts at all such
                         customers/clients whether or not such customers/clients
                         are well known to the trade; Capital's customer lists;
                         contents of Capital's proposals for sales, maintenance,
                         service, license, and other

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                         contracts; contents of all such contracts with all
                         former, existing and prospective customers/clients of
                         Capital; Capital's costing and estimation procedures
                         and formulae regarding proposals and other uses;
                         information regarding Capital's sales, profit and loss,
                         profit margin, production costs, overhead, and other
                         bookkeeping and accounting information; all information
                         regarding Capital's business development and marketing;
                         names and identities of Capital's vendors and suppliers
                         not well know to the trade; all contacts at all such
                         vendors and suppliers whether or not such vendors and
                         suppliers are well know to the trade; costs and
                         contents of proposals and actual contracts between
                         Capital and all such vendors and suppliers;

                    (2)  confidential information revealed to Capital by third
                         parties and which Capital is obligated to keep
                         confidential; and,

                    (3)  any other information that may be considered by Capital
                         as Capital's confidential information under applicable
                         laws.

              ii.   "Business" means the business that Capital is involved in
                    being the operation of collection, transportation, storage,
                    processing, recycling, reuse, handling and disposition of
                    solid and liquid, non-hazardous waste materials.

             iii.   "Severance Period" has the meaning ascribed thereto in
                    Section 3.G of the Employment Agreement.

     B.   CONFIDENTIALITY AND NON-DISCLOSURE.

               i.   Employee acknowledges that during Employee's employment,
                    Employee has had and/or will have access to and has become
                    and/or will or may become aware of Confidential Information.
                    Employee agrees to hold in confidence all Confidential
                    Information disclosed to Employee or developed by Employee
                    in connection with Employee's employment, except:

                    (1)  information which, at the time of disclosure, is in the
                         public domain; or

                    (2)  information which Employee can show was in Employee's
                         possession prior to entering into this Agreement and
                         which was not acquired, directly or indirectly, from
                         Capital.

              ii.   Employee will not, without the written permission of
                    Capital, use or disclose the Confidential Information which
                    Employee is obligated under this Agreement to maintain in
                    confidence for any reason other than to enable Employee to
                    properly and completely perform Employee's employment.

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             iii.   For purposes of this provision, Confidential Information
                    shall not include information already in the public domain
                    other than as a result of a breach of this Agreement by the
                    Employee. If disclosure is required pursuant to an order of
                    a court or other tribunal having jurisdiction and the
                    Employee, having consulted with and received an opinion of
                    his counsel, is compelled to release such information, the
                    Employee shall not be in breach of this provision in
                    complying with such order. In such circumstances, the
                    Employee agrees to limit such disclosure to that information
                    specifically required by the court or other tribunal having
                    jurisdiction and agrees prior to such disclosure to provide
                    the Corporation with notice thereof immediately following
                    receipt by the Employee of such order.

              iv.   Employee will not reproduce or make copies of the
                    Confidential Information or Employee's output, except as
                    required in the performance of Employee's employment. Upon
                    termination of Employee's employment for any reason
                    whatsoever, Employee will promptly deliver to Capital all
                    research, correspondence, data, formulae, records, drawings,
                    blueprints, manuals, letters, notes, notebooks, reports,
                    flow-charts, programs, proposals, documents (collectively,
                    "Documents") concerning Capital's customers/clients,
                    Documents concerning products, and all other Documents,
                    writings, and materials used by Employee or in the
                    possession or control of Employee which were used by
                    Employee during Employee's employment with Capital. Employee
                    understands that all such Documents, whether developed by
                    Employee or others, are and will remain the property of
                    Capital.

               v.   Except as may be required by Employee's employment, Employee
                    will not, during or at any time subsequent to Employee's
                    employment, unless Capital has given prior written consent,
                    disclose or use the Confidential Information or engage in or
                    refrain from any action, where such action or inaction may
                    result (1) in the unauthorized disclosure of any or all such
                    Confidential Information to any person or entity, or (2) in
                    the infringement of any or all such rights in the
                    Confidential Information.

              vi.   Employee will immediately notify Capital of any information
                    which comes to Employee's attention which does or might
                    indicate that there has been any loss of confidentiality of
                    such Confidential Information or breach of such rights in
                    the Confidential Information.

             vii.   Employee agrees that during Employee's employment with
                    Capital, Employee will not breach any obligation of
                    confidentiality that Employee may have to others.

            viii.   Employee represents that Employee's performance of all the
                    terms of this Agreement does not and will not breach any
                    agreement to keep in confidence

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                    proprietary information acquired by Employee in confidence
                    or in trust prior to employment by Capital. Employee
                    warrants that Employee has entered into no agreement, either
                    written or oral, which conflicts with this Agreement, and
                    moreover, that Employee will not enter into any such
                    Agreement.

     C.   FORMER EMPLOYER CONFIDENTIAL INFORMATION.

          Employee's understands that as part of the consideration for Capital's
          offer of employment and Employee's continued employment hereunder,
          that Employee has represented that Employee has not brought and will
          not bring and Employee has not brought and will not bring into Capital
          or use in the performance of Employee's responsibilities at Capital
          any equipment, supplies, trade secrets, confidential information or
          otherwise of any former employer which are not generally available to
          the public, unless Employee has first obtained written authorization
          for its possession and use.

     D.   NON-COMPETITION AND NON-SOLICITATION.

               i.   Employee will not, during Employee's employment and after
                    the termination of Employee's employment for any reason
                    whatsoever, directly or indirectly:

                    (1)  solicit the trade or patronage of any of the
                         customers/clients or prospective customer/clients of
                         Capital, with respect to any of the services, products,
                         Confidential Information, or other matters of Capital;
                         and,

                    (2)  Employee will not, during Employee's employment and
                         within a 75 km radius of any location where Capital or
                         any of its affiliates carries on the Business, where
                         the Employee has assumed responsibilities during the
                         course of the last year of his employment: (i) in the
                         event that the Employee's employment is terminated
                         (other than for just cause by Capital), for a period
                         equivalent to the Severance Period; and (ii) in the
                         event that the Employee resigns his employment or is
                         terminated for just cause, for a period of one (1) year
                         from the date of such resignation/termination (the
                         "TERMINATION PERIOD"), directly or indirectly:

              ii.   solicit the trade or patronage of any of the
                    customers/clients or prospective customer/clients of
                    Capital, with respect to any of the services, products,
                    Confidential Information, or other matters of Capital; and,

             iii.   found, work for, consult for, or assist in any way, whether
                    in a paid or unpaid capacity, any individual, partnership,
                    company, employer, business, research facility, or other
                    entity which competes with the Business of Capital.

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              iv.   The restrictions set out in Section 4.D will apply during
                    the Employee's employment and for either the Severance
                    Period or the Termination Period, whichever is applicable.

               v.   Employee agrees that during Employee's employment and for
                    either the Severance Period or the Termination Period,
                    whichever is applicable, Employee will not solicit or in any
                    manner encourage any employee of Capital to leave Capital's
                    employ.

     E.   INJUNCTIVE RELIEF AND PROOF.

               i.   Employee acknowledges and agrees that Capital has a material
                    interest in preserving the relationship it has developed
                    with its clients/customers against impairment by competitive
                    activities of a former employee and in protecting the
                    Confidential Information from use and dissemination.
                    Accordingly, Employee agrees that the restrictions,
                    agreements, representations, and warranties, contained in
                    this Agreement are of the essence to this Agreement and
                    constitute a material inducement to Capital to employ
                    Employee, and that Capital would not employ Employee absent
                    such an inducement. Furthermore, the existence of any claim
                    or cause of action by Employee against Capital whether
                    predicated on this Agreement or otherwise, will not
                    constitute a defence to the enforcement by Capital of the
                    restrictions, agreements, representations, and warranties
                    contained in this Agreement, provided, however, that if any
                    provision will be held to be illegal, invalid or
                    unenforceable in any jurisdiction, the decision will not
                    affect any other agreement or provision of this Agreement or
                    the application or any other agreement or provision.

              ii.   Employee acknowledges and agrees that a breach of any
                    agreement, restriction, representation or warranty contained
                    in this Agreement would cause Capital irreparable harm not
                    compensable by damages alone. As such Employee acknowledges
                    and agrees that if Employee breaches any of the agreements
                    contained in this Agreement, Capital has the right to
                    temporary and permanent injunctive relief in addition to any
                    other appropriate relief granted by a court of competent
                    jurisdiction to restrain any breach of such agreements by
                    Employee, without the burden of proving actual damage to
                    Capital by reason of any such breach and without having to
                    post security in respect of an application for such relief.
                    Employee acknowledges and agrees that restricting the
                    remedies of Capital to an action for damages would not be
                    sufficient to protect Capital in the circumstances of any
                    such breach. In the event of any such breach, Employee
                    agrees that Capital will be entitled to recover its legal
                    costs of any application to a court of competent
                    jurisdiction to remedy any such breach.

5.   SEVERABLE PROVISIONS

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     In case of any one (1) or more of the provisions or parts thereof contained
     in this Agreement shall, for any reason, be held to be invalid, illegal or
     unenforceable in any respect (i) such invalidity, illegality or
     unenforceability shall not affect any other provisions or parts thereof of
     this Agreement, and (ii) this Agreement shall be construed as if such
     invalid, illegal or unenforceable provision had never been contained
     herein. Failure to insist upon strict compliance with any provision of this
     Agreement shall not be deemed a waiver of such provisions or any other
     provision of this Agreement.

6.   ENTIRE AGREEMENT

     The Employee acknowledges receipt of a copy of this Agreement (together
     with any attachments hereto), which has been executed in duplicate and
     agrees that it is the entire Agreement with Capital and supersedes any and
     all previous oral or written agreements or representations respecting or
     relating in any way to the Employee's employment including but not limited
     to its terms and conditions. It is further agreed that this Agreement can
     only be amended by an agreement in writing signed by both the Employee and
     an officer of Capital provided that this shall not preclude Capital or
     Affiliated Corporations from granting an increase in salary or an
     enhancement of benefits. For greater certainty, any oral or written
     representations, understanding or agreements with Capital or Affiliated
     Corporations, any of their officers or representatives in any way relating
     to the Employee's employment including but not limited to its terms and
     conditions are hereby declared to be void, of no effect and are superseded
     by the provisions of this Agreement. The Employee further acknowledges and
     agrees that neither Capital nor Affiliated Corporations is in any way
     responsible or liable for any such oral or written representations,
     understandings or agreements.

7.   GOVERNING LAW

     This Agreement shall be construed in accordance with and governed for all
     purposes by the laws of the Province of Ontario subject to the mandatory
     application of the statutes of any province other than Ontario where the
     Employee is employed in such other province and the laws of Canada
     applicable therein.

8.   ASSIGNMENT

     The Employee acknowledges that Capital or any of its Affiliated
     Corporations may assign this Agreement amongst themselves, to any
     corporation with which they are merged or amalgamated, or to any third
     party acquiring all or part of any of the businesses of Capital or any of
     its Affiliated Corporations.

9.   OPPORTUNITY TO SEEK INDEPENDENT ADVICE

     The Employee recognizes that this Agreement is an important document that
     affects his legal rights. For this reason, Employee may wish to seek
     independent legal advice before accepting the terms stated herein. The
     Employee acknowledges that he has had an opportunity to seek such
     independent legal advice. The Employee acknowledges that he has

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     read and understands the provisions contained herein and acknowledges
     receipt of a copy of this Agreement.

                             SIGNATORY PAGE FOLLOWS

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IN WITNESS WHEREOF the parties have executed this Agreement as of the date set
forth above.

CAPITAL ENVIRONMENTAL RESOURCE INC.

By:    /s/ Thomas E. Durkin, III
     --------------------------------
       Thomas E. Durkin, III
       Secretary and General Counsel

/s/ John D. McGarvey
-------------------------------------
JOHN D. MCGARVEY

-------------------------------------
WITNESS<Page>

EXHIBIT 4.16

                          REGISTRATION RIGHTS AGREEMENT

          This REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made as of
February 6, 2002 between Capital Environmental Resource Inc., a corporation
incorporated under the laws of the Province of Ontario (the "Company"), and the
parties identified as Investors on Schedule A hereto (each individually an
"Investor" and collectively the "Investors").

          WHEREAS, the Company and the Investors have entered into that certain
Subscription Agreement, dated as of February 6, 2002 (the "Subscription
Agreement"), pursuant to which the Company is issuing and selling to the
Investors up to an aggregate of 11,320,754 shares of its Series 1 Preferred
Stock for a purchase price of US $2.65 per share;

          WHEREAS, the execution and delivery of this Agreement is a condition
to the closing of the Subscription Agreement.

          NOW, THEREFORE, in consideration of the mutual promises and agreements
set forth herein, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

          1.  DEFINITIONS. For purposes of this Agreement:

               (a) "Common Stock" means the common stock of the Company.

               (b) "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the SEC promulgated thereunder.

               (c) "Holder" means any Person owning or having the right to
acquire Registrable Securities, or any assignee thereof in accordance with
Section 11 hereof.

               (d) "Initiating Holders" means the Holder(s) initiating a
registration request under Section 2(a) hereof.

               (e) "Investor Request" means a request from Holders that in the
aggregate beneficially own at least twenty-five percent (25%) of the Registrable
Securities outstanding as of the date of such request that the Company file a
registration statement under the Securities Act with respect to the Registrable
Securities.

               (f) "majority in interest of the Initiating Holders" means
Initiating Holders holding a majority of the Registrable Securities held by all
Initiating Holders.

               (g) "Person" means any individual, partnership, limited liability
company, joint venture, corporation, association, trust or any other entity or
organization.

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               (h) "Preferred Shares" means shares of the Series 1 Preferred
Stock of the Company owned by an Investor or any assignee thereof in accordance
with Section 11 hereof.

               (i) "Register," "registered," and "registration" refer to a
registration effected by preparing and filing a registration statement or
similar document in compliance with the Securities Act, and the declaration or
ordering of effectiveness of such registration statement or document.

               (j) "Registrable Securities" means (1) any shares of Common Stock
directly or indirectly issuable or issued upon conversion of the Preferred
Shares, and (2) any shares of Common Stock issued to the Investor (or any
assignee thereof in accordance with Section 11) as (or issuable upon conversion
or exercise of any warrant, right or other security which is issued as) a
dividend or other distribution with respect to, or in exchange for or in
replacement of, such Common Stock; PROVIDED, HOWEVER, that any Registrable
Securities sold by an Investor in a transaction in which such Investor's rights
under this Agreement are not assigned pursuant to Section 11 below shall cease
to be Registrable Securities from and after the time of such sale. In addition,
any shares of Common Stock shall cease to be Registrable Securities from and
after such time as they are sold to the public in a registered public offering
or pursuant to Rule 144 under the Securities Act.

               (k) "SEC" means the United States Securities and Exchange
Commission.

               (l) "Securities Act" means the Securities Act of 1933, as
amended, and the rules and regulations of the SEC promulgated thereunder.

               (m) "Violation" means any of the following statements, omissions
or violations: (i) any untrue statement or alleged untrue statement of a
material fact contained in a registration statement filed pursuant to this
Agreement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto or any documents filed under
state securities or "blue sky" laws in connection therewith, or (ii) the
omission or alleged omission to state therein a material fact required to be
stated therein, or necessary to make the statements therein, in light of the
circumstances under which such statements were made, not misleading.

          2.  REQUEST FOR REGISTRATION.

               (a) If the Company shall receive a written Investor Request after
September 7, 2002, then the Company shall, within ten (10) days of the receipt
thereof, give written notice of such request to all Holders and, subject to the
limitations of Section 2(c) below, file (as expeditiously as practicable, and in
any event within sixty (60) days after the receipt of such request) and use its
best efforts to have declared effective a registration statement under the
Securities Act on any applicable form as the Initiating Holders may reasonably
request (which may include a "shelf" registration statement for use in
connection with a delayed or continuous offering under Rule 415 promulgated
under the Securities Act, provided that the Company, at its option, may use a
Form S-3 or F-3 for such purpose so long as it is eligible to use such a form)
with respect to all Registrable Securities which the Holders request to be
registered by the giving

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of notice to the Company within thirty (30) days after the mailing of the
Company's notice referred to above, each such notice to be given in accordance
with Section 18 below.

               (b) If the Initiating Holders intend to distribute the
Registrable Securities covered by their request by means of an underwriting,
they shall so advise the Company as a part of their request made pursuant to
this Section 2 and the Company shall include such information in the written
notice referred to in Section 2(a). In the event of an underwritten offering,
the right of any Holder to include such Holder's Registrable Securities in such
registration shall be conditioned upon such Holder's participation in such
underwriting and the inclusion of such Holder's Registrable Securities in the
underwriting (unless otherwise mutually agreed by a majority in interest of the
Initiating Holders and such Holder) to the extent provided herein. All Holders
proposing to distribute their securities through such underwriting shall
(together with the Company as provided in Section 4(e)) enter into an
underwriting agreement in customary form with the underwriter or underwriters so
selected for such underwriting by a majority in interest of the Initiating
Holders; PROVIDED, HOWEVER, that no Holder shall be required to make any
representations, warranties or indemnities except as they relate to such
Holder's ownership of shares and authority to enter into the underwriting
agreement and to such Holder's intended method of distribution, and the
liability of such Holder (whether by indemnification, contribution or otherwise)
shall be limited to an amount equal to the net proceeds from the offering
received by such Holder. Notwithstanding any other provision of this Section 2,
if the underwriter advises the Initiating Holders that marketing factors require
a limitation of the number of shares to be underwritten, then the Initiating
Holders shall so advise the Company and the Company shall so advise all Holders
of Registrable Securities which would otherwise be underwritten pursuant hereto,
and the number of shares of Registrable Securities that may be included in the
underwriting shall be allocated as follows: (i) first, among the Holders of
Registrable Securities that have elected to participate in such underwritten
offering, in proportion (as nearly as practicable) to the amount of Registrable
Securities requested by such Holders to be included in such offering in
accordance with Section 2(a) until such Holders have included in the
underwriting all shares requested by such Holders to be included and (ii)
thereafter among any other holders of Common Stock who have exercised their
piggyback registration rights, if permitted hereunder, with respect to such
registration.

               (c) The Company shall be obligated to effect only four (4)
registrations pursuant to an Investor Request under this Section 2; PROVIDED,
HOWEVER, that the Company shall not be obligated to effect more than one (1)
registration pursuant to this Section 2 in any six (6) month period. The Company
shall be obligated to cause any registration required to be effected pursuant to
this Section 2(c) to become and remain effective throughout the proposed plan of
distribution or for a period of six months, whichever is shorter. The Company
shall not be required to pay for any expenses of any registration proceeding
begun pursuant to this Section 2 if the registration request is subsequently
withdrawn at the request of a majority in interest of the Initiating Holders (in
which case all Initiating Holders shall bear such expenses pro rata based upon
the number of Registrable Securities that were requested to be registered in the
withdrawn registration by the Initiating Holders); PROVIDED, HOWEVER, that if at
the time of such withdrawal, the Initiating Holders have learned of a material
adverse change in the condition, business, or prospects of the Company different
from that known to the Initiating Holders at the time of their request and have
withdrawn the request with reasonable promptness following

                                        3
<Page>

disclosure by the Company of such material adverse change, then the Company
shall pay all such expenses, the Initiating Holders shall not be required to pay
any of such expenses, and the Initiating Holders shall retain their rights
pursuant to this Section 2.

               (d) Notwithstanding the foregoing, if the Company shall furnish
to the Initiating Holders a certificate signed by the President or Chief
Executive Officer of the Company stating that in the good faith judgment of the
Board of Directors of the Company, it would be detrimental to the Company and
its stockholders for such registration statement to be filed and it is therefore
essential to defer the filing of such registration statement, the Company shall
have the right to defer such filing for up to sixty (60) days after receipt of
the request of the Initiating Holders; PROVIDED, HOWEVER, that the Company may
not utilize this right for more than an aggregate of one hundred twenty (120)
days in any twelve (12) month period; PROVIDED, FURTHER, that if at the time of
any Investor Request for a registration pursuant to this Section 2, the Company
has fixed plans (following a resolution of the Board of Directors of the Company
so authorizing) to file within sixty (60) days after such request a registration
statement covering the sale of any of its securities in a public offering under
the Securities Act, no registration shall be required to be initiated pursuant
to this Section 2 until one hundred twenty (120) days after the effective date
of such Company registration unless the Company is no longer proceeding
diligently to effect such registration and so long as the Company shall provide
the Holders with the right to participate in such public offering pursuant to,
and subject to, Section 3.

               (e) Upon the request of a majority of the Initiating Holders for
the termination of a registration, the Company shall terminate such registration
and such registration shall not be considered one of the four (4) registrations
required under Section 2(c); provided, that the Initiating Holders pay the
expenses of such registration in accordance with Section 2(c) unless excused
from doing so under the proviso set forth in Section 2(c).

          3.  COMPANY REGISTRATION.

               (a) If (but without any obligation to do so) the Company proposes
to register (including for this purpose a registration effected by the Company
for stockholders other than Holders of Registrable Securities) any of its Common
Stock under the Securities Act in connection with the public offering of such
Common Stock for cash (other than a registration on Form S-8 (or similar or
successor form) relating to the sale of securities to participants in a Company
stock plan or to other compensatory arrangements to the extent includable on
Form S-8 (or similar or successor form), or a registration on Form F-4 or Form
S-4 (or similar or successor form)), the Company shall, at such time and in any
event at least twenty (20) days prior to the first filing of the registration
statement, promptly give each Holder written notice of such registration. Upon
the written request of any Holder given within twenty (20) days after mailing of
such notice by the Company in accordance with Section 18, the Company shall use
its best efforts to cause to be registered under the Securities Act all of the
Registrable Securities that each such Holder has requested to be registered,
subject to the provisions of Section 8 hereof. The Company shall have no
obligation under this Section 3 to make any offering of its securities, or to
complete an offering of its securities that it proposes to make.

                                        4
<Page>

               (b) If (but without any obligation to do so) the Company proposes
to file a prospectus or otherwise qualify (including for this purpose a filing
or qualification effected by the Company for stockholders other than Holders of
Registrable Securities) any of its Common Stock for offering to the public in
any province of Canada, then any Holder who would have a registration right in
accordance with Section 3(a) if those provisions were to become operative shall
have rights similar to those granted in Section 3 (a) hereof in respect of any
prospectus filed by the Company with the securities regulatory authorities of
one or more provinces or territories of Canada in connection with the
qualification by prospectus of any of the Company's securities for distribution
to the public in any such Canadian jurisdictions, with any adjustments as may be
necessary to achieve the results intended by Section 3 (a) hereof and all
related provisions of this Agreement in the context of a sale of Registrable
Securities in Canada made in compliance with applicable Canadian securities
laws; it being understood that the Company shall comply with the provisions of
Section 4 and the other provisions hereof in connection with such offering,
adjusted as necessary in the context of a sale of Registrable Securities in any
province or territory of Canada made in compliance with applicable Canadian
securities laws.

          4.  OBLIGATIONS OF THE COMPANY. Whenever required under this Agreement
to effect the registration of any Registrable Securities, the Company shall, as
expeditiously as reasonably possible:

               (a) Prepare and file with the SEC a registration statement with
respect to such Registrable Securities and use its best efforts to cause such
registration statement to become effective promptly, and, upon the request of
the Holders of a majority of the Registrable Securities being registered
thereunder, keep such registration statement effective for up to six (6) months
or until the Holders have completed the distribution referred to in such
registration statement, whichever occurs first (but in any event for at least
any period required under the Securities Act); provided that before filing such
registration statement or any amendments thereto, the Company will furnish to
the Holders copies of all such registration statements or amendments thereto
proposed to be filed.

               (b) Prepare and file with the SEC such amendments and supplements
to such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement.

               (c) Furnish to the Holders such number of copies of such
registration statement and of each amendment and supplement thereto (in each
case without exhibits unless requested by such Holders), such number of copies
of the prospectus contained in such registration statement (including each
preliminary prospectus and any summary prospectus) and any other prospectus
filed under Rule 424 under the Securities Act, in conformity with the
requirements of the Securities Act, and such other documents as any of the
Holders may reasonably request in order to facilitate the disposition of
Registrable Securities owned by them.

               (d) Use its best efforts to register and qualify the securities
covered by such registration statement under such other securities or "blue sky"
laws of such states or

                                        5
<Page>

jurisdictions as shall be reasonably requested by the Holders, provided that the
Company shall not be required in connection therewith or as a condition thereto
(i) to qualify to do business in any state or jurisdiction where it would not
otherwise be required to qualify but for the requirements of this clause (d), or
(ii) to file a general consent to service of process in any such state or
jurisdiction.

               (e) In the event of any underwritten public offering, enter into
and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter of such offering.

               (f) Notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event
as a result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which such statements
were made, not misleading.

               (g) Notify each Holder of Registrable Securities covered by such
registration statement and such Holder's underwriters, if any, and confirm such
advice in writing: (i) when the registration statement has become effective,
(ii) when any post-effective amendment to the registration statement becomes
effective and (iii) of any request by the SEC for any amendment or supplement to
the registration statement or prospectus or for additional information.

               (h) Notify each Holder of Registrable Securities if at any time
the SEC should institute or threaten to institute any proceedings for the
purpose of issuing, or should issue, a stop order suspending the effectiveness
of the Registration Statement. Upon the occurrence of any of the events
mentioned in the preceding sentence, the Company will use its reasonable best
efforts to prevent the issuance of any such stop order or to obtain the
withdrawal thereof as soon as possible. The Company will advise each Holder of
Registrable Securities promptly of any order or communication of any public
board or body addressed to the Company suspending or threatening to suspend the
qualification of any Registrable Securities for sale in any jurisdiction.

               (i) in the case of an offering that is an underwritten public
offering, (x) cause to be delivered an opinion of the counsel representing the
Company for the purposes of such registration, in form and substance as is
customarily given to underwriters in an underwritten public offering, addressed
to the Holders and the underwriters, and (y) cause to be delivered, on the date
that the registration statement with respect to such securities becomes
effective, a "comfort" letter dated such date, from the independent certified
public accountants of the Company, in form and substance as is customarily given
by independent certified public accountants to the underwriters, addressed to
the underwriters, and, a reaffirmation of such letter on the date that such
Registrable Securities are delivered to the underwriters for sale.

                                        6
<Page>

               (j) As soon as practicable after the effective date of the
registration statement, and in any event within sixteen (16) months thereafter,
have "made generally available to its security holders" (within the meaning of
Rule 158 under the Securities Act) an earnings statement (which need not be
audited) covering a period of at least twelve (12) months beginning after the
effective date of the registration statement and otherwise complying with
Section 11(a) of the Securities Act.

               (k) List the Registrable Securities which are registered pursuant
to Section 2 or Section 3 on each national securities exchange or automated
quotation system upon which the shares to be registered are traded.

          5.  AMENDMENTS, SUPPLEMENTS TO PROSPECTUS. Immediately upon receipt of
a notice referred to in Section 4(f) hereof, each Holder agrees to (i) cease
making sales of securities pursuant to any then effective registration statement
or any prospectus contained therein until it has received from the Company an
amendment or supplement to the registration statement or prospectus and (ii) to
promptly deliver to the Company any copies of the registration statement or such
prospectus then in its possession.

          6.  FURNISH INFORMATION. It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this Agreement with
respect to the Registrable Securities of any selling Holder that such Holder
shall promptly furnish to the Company such information regarding itself, the
Registrable Securities held by it, and the intended method of disposition of
such securities as shall be required to effect the registration of such Holder's
Registrable Securities.

          7.  EXPENSES OF REGISTRATION. All expenses other than underwriting
discounts and commissions incurred in connection with registrations, filings or
qualifications pursuant to Sections 2 and 3, including (without limitation) all
registration, filing and qualification fees, printers' fees, fees and expenses
of counsel and accountants for the Company and the reasonable fees and
disbursements of one firm of counsel for the selling Holders, shall be borne by
the Company, even if such registrations, filings, or qualifications do not
become effective, subject to Section 2(c).

          8.  UNDERWRITING REQUIREMENTS. In connection with any underwritten
offering initiated by the Company or any stockholder other than a Holder of
Registrable Securities, the Company shall not be required under Section 3 to
include any Holder's securities in such underwriting unless such Holder accepts
the terms of the underwriting as agreed upon between the Company or such
stockholder and the underwriters selected by the Company or such stockholder;
PROVIDED, HOWEVER, that no Holder participating in such underwriting shall be
required to make any representations, warranties or indemnities except as they
relate to such Holder's ownership of shares and authority to enter into the
underwriting agreement and to such Holder's intended method of distribution, and
the liability of such Holder (whether by indemnification, contribution or
otherwise) shall be limited to an amount equal to the net proceeds from the
offering received by such Holder. If a Holder complies with the requirements set
forth in this Section 8, then such Holder shall have the right to be included in
any underwritten offering by the Company, whether initiated by the Company or
any stockholder,

                                        7
<Page>

subject to the terms of Section 3 and to the limitations set forth below in this
Section 8. If the total number of securities, including Registrable Securities,
requested by stockholders to be included in such offering exceeds the largest
number of securities that the underwriters reasonably believe can be sold
without having an adverse effect on such offering, then the Company shall be
required to include in the offering only that number of such securities,
including Registrable Securities, which the underwriters believe will not have
an adverse effect on such offering. The securities included in such offering
shall be allocated as follows: (i) first, the securities that the Company or any
stockholders initiating the offering propose to sell, (ii) second, if any, other
securities required to be registered pursuant to agreements entered into prior
to the date of this Agreement which by their terms state that the signatories
thereof have priority in the event of such cutbacks over all beneficiaries under
subsequent registration rights agreements, (iii) third, among all Holders of
Registrable Securities that have elected to participate in such underwritten
offering, and other holders of Common Stock who are signatories to agreements
entered into prior to the date of this Agreement which, by their terms, give
such other holders priority equal to that of the Holders, in proportion (as
nearly as practicable) to the amount of Registrable Securities and Common Stock,
respectively, owned by such holders until such holders have included in the
underwriting all shares requested by such holders to be included, and (iv)
thereafter among any other holders of Common Stock who have exercised their
piggyback registration rights, if permitted hereunder, with respect to such
registration.

          9.  INDEMNIFICATION. In the event any Registrable Securities are
included in a registration statement under this Agreement:

               (a) The Company will indemnify and hold harmless each Holder, its
heirs, personal representatives and assigns, each of such Holder's officers,
directors, partners, employees and affiliates, any underwriter (as defined in
the Securities Act) for such Holder and each Person, if any, who controls such
Holder or underwriter within the meaning of the Securities Act or the Exchange
Act against any losses, claims, damages or liabilities (joint or several) to
which they may become subject under the Securities Act, the Exchange Act or
other federal, state, Canadian, or provincial securities law, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon a Violation; and the Company will pay to each such
indemnified party, as incurred, any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such loss, claim,
damage, liability, or action; PROVIDED, HOWEVER, that the indemnity agreement
contained in this Section 9(a) shall not apply to amounts paid in settlement of
any such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Company (which consent shall not be unreasonably
withheld), nor shall the Company be liable in any such case to a particular
indemnified party for any such loss, claim, damage, liability or action to the
extent that it arises out of or is based upon a Violation which occurs in
reliance upon and in conformity with written information furnished expressly for
use in connection with such registration by such indemnified party.

               (b) Each selling Holder will indemnify and hold harmless the
Company, each of its directors, each of its officers, each Person, if any, who
controls the Company within the meaning of the Securities Act, any underwriter,
any other Holder (and any affiliate thereof)

                                        8
<Page>

selling securities in such registration statement and any controlling Person of
any such underwriter or other Holder, against any losses, claims, damages or
liabilities (joint or several) to which any of the foregoing Persons may become
subject, under the Securities Act, the Exchange Act or other federal, state,
Canadian, or provincial securities law, insofar as such losses, claims, damages
or liabilities (or actions in respect thereto) arise out of or are based upon
any Violation, in each case to the extent (and only to the extent) that such
Violation occurs in reliance upon and in conformity with written information
furnished by such Holder expressly for use in connection with such registration;
and each such Holder will pay, as incurred, any legal or other expenses
reasonably incurred by any Person intended to be indemnified pursuant to this
Section 9(b), in connection with investigating or defending any such loss,
claim, damage, liability, or action; PROVIDED, HOWEVER, that the indemnity
agreement contained in this Section 9(b) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Holder, which consent shall
not be unreasonably withheld; PROVIDED, FURTHER, that in no event shall the
liability of any Holder under this Section 9(b) or otherwise in connection with
the offering exceed the net proceeds from the offering received by such Holder.

               (c) Promptly after receipt by an indemnified party under this
Section 9 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof
is to be made against any indemnifying party under this Section 9, deliver to
the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; PROVIDED, HOWEVER, that an indemnified party shall
have the right to retain its own counsel (but no more than one separate counsel,
plus any required local counsel, with respect to all indemnified parties) with
the fees and expenses to be paid by the indemnifying party, if in the reasonable
opinion of counsel to an indemnified party, representation of such indemnified
party by the counsel retained by the indemnifying party would be inappropriate
due to actual or potential conflicts of interests between, or different defenses
available to, such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such
action shall not relieve such indemnifying party of any liability to the
indemnified party under this Section 9 except if, and only to the extent that,
the indemnifying party is actually prejudiced thereby.

               (d) The obligations of the Company and Holders under this Section
9 shall survive the completion of any offering of Registrable Securities in a
registration statement under this Agreement.

               (e) Any indemnity agreements contained herein shall be in
addition to any other rights to indemnification or contribution which any
indemnified party may have pursuant to law or contract and shall remain
operative and in full force and effect regardless of any investigation made or
omitted by or on behalf of any indemnified party.

               (f) If for any reason the foregoing indemnity is unavailable,
then the indemnifying party shall contribute to the amount paid or payable by
the indemnified party as a

                                        9
<Page>

result of such losses, claims, damages, liabilities or expenses (i) in such
proportion as is appropriate to reflect the relative benefits received by the
indemnifying party on the one hand and the indemnified party on the other or
(ii) if the allocation provided by clause (i) above is not permitted by
applicable law or provides a lesser sum to the indemnified party than the amount
hereinafter calculated, then, in lieu of indemnifying such indemnified party,
the indemnifying party shall contribute to the amount paid or payable by the
indemnified party as a result of such losses, claims, damages, liabilities or
expenses in such proportion as is appropriate to reflect not only the relative
benefits received by the indemnifying party on the one hand and the indemnified
party on the other but also the relative fault of the indemnifying party and the
indemnified party as well as any other relevant equitable considerations. The
relative fault 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 or
on behalf of the indemnifying party or the indemnified party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such untrue statement or 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. Notwithstanding anything to the contrary in this
Section 9, no Holder shall be required, pursuant to this Section 9 or otherwise
in connection with the offering, to contribute any amount in excess of the net
proceeds received by such indemnifying party from the sale of Common Stock in
the offering to which the losses, claims, damages, liabilities or expenses of
the indemnified party relate.

          10. REPORTS UNDER THE EXCHANGE ACT. With a view to making available to
the Holders the benefits of Rule 144 under the Securities Act and any other rule
or regulation of the SEC that may at any time permit a Holder to sell securities
of the Company to the public without registration, the Company agrees to:

               (a) make and keep public information available, as those terms
are understood and defined in Rule 144 under the Securities Act;

               (b) remain registered under the Exchange Act and file with the
SEC in a timely manner all reports and other documents required of the Company
under the Securities Act and the Exchange Act; and

               (c) furnish to any Holder, so long as the Holder owns any
Registrable Securities, forthwith upon request (i) a written statement by the
Company that it has complied with the reporting requirements of Rule 144, (ii) a
copy of the most recent annual or quarterly report of the Company and such other
reports and documents so filed by the Company, and (iii) such other information
as may be reasonably requested in availing any Holder of any rule or regulation
of the SEC which permits the selling of any such securities without
registration.

          11. ASSIGNMENT OF REGISTRATION RIGHTS. The rights to cause the Company
to register Registrable Securities pursuant to this Agreement may be assigned in
whole or in part to any Person acquiring Registrable Securities from a Holder in
compliance with the applicable provisions of any relevant agreement between such
Holder and the Company, provided that such transferee or assignee delivers to
the Company a written instrument by which such transferee or

                                       10
<Page>

assignee agrees to be bound by the obligations imposed on Holders under this
Agreement to the same extent as if such transferee or assignee was a party
hereto.

          12. AMENDMENT; WAIVER. Any provision of this Agreement may be amended
only with the written consent of the Company and each of the Holders. The
observance of any provision of this Agreement may be waived (either generally or
in a particular instance and either retroactively or prospectively) only with
the written consent of the party to be charged. Any amendment or waiver effected
in accordance with this Section 12 shall be binding upon each Holder of
Registrable Securities at the time outstanding, each future Holder of all such
securities, and the Company.

          13. CHANGES IN REGISTRABLE SECURITIES. If, and as often as, there are
any changes in the Registrable Securities by way of stock split, stock dividend,
combination or reclassification, or through merger, consolidation,
reorganization or recapitalization, or by any other means, appropriate
adjustment shall be made in the provisions of this Agreement, as may be
required, so that the rights and privileges granted hereby shall continue with
respect to the Registrable Securities as so changed. Without limiting the
generality of the foregoing, the Company will require any successor by merger or
consolidation to assume and agree to be bound by the terms of this Agreement, as
a condition to any such merger or consolidation.

          14. NO INCONSISTENT AGREEMENTS. The Company represents and warrants
that it has not granted to any Person a presently effective right to request or
require the Company to register any securities issued by the Company, other than
(i) the rights granted to certain Persons pursuant to the Registration Rights
Agreement, dated as of September 7, 2001, by and between the Company and the
investors named therein and (ii) the rights granted to the Holders herein. The
Company shall not enter into any agreement with respect to its securities that
is inconsistent with the rights granted to the Holders in this Agreement or
grant any additional registration rights to any Person or with respect to any
securities which are not Registrable Securities which are prior in right to,
equal in right to or inconsistent with the rights granted in this Agreement, and
any such attempted agreements or grants shall be null and void and of no effect.

          15. ENTIRE AGREEMENT. This Agreement constitutes the full and entire
understanding and agreement among the parties with regard to the subject matter
hereof. Nothing in this Agreement, express or implied, is intended to confer
upon any Person, other than the parties hereto and their respective successors
and assigns, any rights, remedies, obligations, or liabilities under or by
reason of this Agreement, except as expressly provided herein.

          16. GOVERNING LAW. This Agreement shall be governed in all respects by
the laws of the State of Delaware as such laws are applied to agreements between
Delaware residents entered into and to be performed entirely within Delaware.

          17. SUCCESSORS AND ASSIGNS. The provisions hereof shall inure to the
benefit of, and be binding upon, the successors, permitted assigns (as provided
in Section 11), heirs, executors and administrators of the parties hereto.

          18. NOTICES. Unless otherwise provided, any notice required or
permitted under this Agreement shall be given in writing and shall be deemed
effectively given upon receipt by

                                       11
<Page>

the party to be notified (including by telecopier, receipt confirmed) or three
(3) days after being sent by registered or certified mail, postage prepaid and
addressed to the party to be notified (a) if to a party other than the Company,
at such party's address set forth at the end of this Agreement or at such other
address as such party shall have furnished to the Company in writing, or (b) if
to the Company, at its address set forth at the end of this Agreement, or at
such other address as the Company shall have furnished to the parties in
writing.

          19. SEVERABILITY. Any invalidity, illegality or limitation on the
enforceability of this Agreement or any part hereof, by any party whether
arising by reason of the law of the respective party's domicile or otherwise,
shall in no way affect or impair the validity, legality or enforceability of
this Agreement with respect to other parties. If any provision of this Agreement
shall be judicially determined to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

          20. TITLES AND SUB-TITLES. The titles and sub-titles of the Sections
of this Agreement are for convenience of reference only and are not to be
considered in construing this Agreement.

          21. DELAYS OR OMISSIONS; REMEDIES CUMULATIVE. It is agreed that no
delay or omission to exercise any right, power or remedy accruing to the
parties, upon any breach or default of another party under this Agreement, shall
impair any such right, power or remedy, nor shall it be construed to be a waiver
of any such breach or default, or any acquiescence therein, or of any similar
breach or default thereafter occurring; nor shall any waiver of any single
breach or default be deemed a waiver of any other breach or default theretofore
or thereafter occurring. It is further agreed that any waiver, permit, consent
or approval of any kind or character by a party of any breach or default under
this Agreement, or any waiver by a party of any provisions or conditions of this
Agreement must be in writing and shall be effective only to the extent
specifically set forth in writing and that all remedies, either under this
Agreement, or by law or otherwise afforded to a party, shall be cumulative and
not alternative.

          22. COUNTERPARTS. This Agreement may be executed in any number of
counterparts (including by facsimile), each of which shall be deemed an
original, but all of which together shall constitute one instrument.

                                       12
<Page>

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

                                   CAPITAL ENVIRONMENTAL RESOURCE INC.

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

                                   INVESTOR

                                   ------------------------------------
                                   Name:
                                   Title (if applicable):

                                   Address:

                                       13
<Page>

                                   SCHEDULE A

                                    INVESTORS

                                       14

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