Document:

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                                                                   EXHIBIT 10(y)

                                                                  EXECUTION COPY

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                                  $437,500,000
                            364-DAY CREDIT AGREEMENT

                                      AMONG

                                AON CORPORATION,
                                  AS BORROWER,

                                  THE LENDERS,

                                  BANK ONE, NA,
                                    AS AGENT,

                                       AND

                                 CITIBANK, N.A.,

                               ABN AMRO BANK N.V.

                                       AND

                           FIRST UNION NATIONAL BANK,
                              AS SYNDICATION AGENTS

                                   DATED AS OF

                                FEBRUARY 8, 2002

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                         BANC ONE CAPITAL MARKETS, INC.
                    SOLE LEAD ARRANGER AND SOLE BOOK MANAGER

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                                TABLE OF CONTENTS

<Table>
<S>                                                                                                        <C>
ARTICLE I DEFINITIONS.......................................................................................1
ARTICLE II THE CREDITS.....................................................................................12
2.1.    Commitment.........................................................................................12
2.2.    Required Payments; Termination.....................................................................12
2.3.    Ratable Loans......................................................................................12
2.4.    Types of Advances..................................................................................13
2.5.    Facility Fee; Utilization Fee; Reductions and Increases in Aggregate Commitment....................13
2.6.    Minimum Amount of Each Advance.....................................................................14
2.7.    Optional Principal Payments........................................................................14
2.8.    Method of Selecting Types and Interest Periods for New Advances....................................14
2.9.    Conversion and Continuation of Outstanding Advances................................................15
2.10.   Changes in Interest Rate, etc......................................................................15
2.11.   Rates Applicable After Default.....................................................................16
2.12.   Method of Payment..................................................................................16
2.13.   Noteless Agreement; Evidence of Indebtedness.......................................................16
2.14.   Telephonic Notices.................................................................................17
2.15.   Interest Payment Dates; Interest and Fee Basis.....................................................17
2.16.   Notification of Advances, Interest Rates, Prepayments and Commitment Reductions....................18
2.17.   Lending Installations..............................................................................18
2.18.   Non-Receipt of Funds by the Agent..................................................................18
2.19.   Extension of Revolving Credit Termination Date and Facility Termination Date.......................18
2.20.   Replacement of Lender..............................................................................19
ARTICLE III YIELD PROTECTION; TAXES........................................................................19
3.1.    Yield Protection...................................................................................19
3.2.    Changes in Capital Adequacy Regulations............................................................20
3.3.    Availability of Types of Advances..................................................................21
3.4.    Funding Indemnification............................................................................21
3.5.    Taxes..............................................................................................21
3.6.    Lender Statements; Survival of Indemnity...........................................................23
ARTICLE IV CONDITIONS PRECEDENT............................................................................23
4.1.    Effectiveness......................................................................................23
4.2.    Each Advance.......................................................................................25
ARTICLE V REPRESENTATIONS AND WARRANTIES...................................................................25
5.1.    Corporate Existence and Standing...................................................................25
5.2.    Authorization and Validity.........................................................................25
5.3.    Compliance with Laws and Contracts.................................................................25
5.4.    Governmental Consents..............................................................................26
5.5.    Financial Statements...............................................................................26
5.6.    Material Adverse Change............................................................................26
5.7.    Taxes..............................................................................................26
5.8.    Litigation and Contingent Obligations..............................................................27
</Table>

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<S>                                                                                                        <C>
5.9.    ERISA..............................................................................................27
5.10.   Defaults...........................................................................................27
5.11.   Regulation U.......................................................................................27
5.12.   Investment Company; Public Utility Holding Company.................................................28
5.13.   Ownership of Properties............................................................................28
5.14.   Material Agreements................................................................................28
5.15.   Environmental Laws.................................................................................28
5.16.   Insurance..........................................................................................29
5.17.   Insurance Licenses.................................................................................29
5.18.   Solvency...........................................................................................29
5.19.   Disclosure.........................................................................................29
ARTICLE VI COVENANTS.......................................................................................30
6.1.    Financial Reporting................................................................................30
6.2.    Use of Proceeds....................................................................................31
6.3.    Notice of Default..................................................................................31
6.4.    Conduct of Business................................................................................31
6.5.    Taxes..............................................................................................31
6.6.    Insurance..........................................................................................32
6.7.    Compliance with Laws...............................................................................32
6.8.    Maintenance of Properties..........................................................................32
6.9.    Inspection.........................................................................................32
6.10.   Capital Stock and Dividends........................................................................32
6.11.   Merger.............................................................................................32
6.12.   Liens..............................................................................................33
6.13.   Affiliates.........................................................................................34
6.14.   Change in Fiscal Year..............................................................................34
6.15.   Inconsistent Agreements............................................................................34
6.16.   Sale of Assets.....................................................................................34
6.17.   Financial Covenants................................................................................34
6.18.   ERISA..............................................................................................35
ARTICLE VII DEFAULTS.......................................................................................35
ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES................................................37
8.1.    Acceleration.......................................................................................37
8.2.    Amendments.........................................................................................37
8.3.    Preservation of Rights.............................................................................38
ARTICLE IX GENERAL PROVISIONS..............................................................................38
9.1.    Survival of Representations........................................................................38
9.2.    Governmental Regulation............................................................................38
9.3.    Headings...........................................................................................38
9.4.    Entire Agreement...................................................................................38
9.5.    Several Obligations; Benefits of this Agreement....................................................39
9.6.    Expenses; Indemnification..........................................................................39
9.7.    Numbers of Documents...............................................................................39
9.8.    Accounting.........................................................................................39
</Table>

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<Table>
<S>                                                                                                        <C>
9.9.    Severability of Provisions.........................................................................39
9.10.   Nonliability of Lenders............................................................................40
9.11.   Confidentiality....................................................................................40
9.12.   Disclosure.........................................................................................40
ARTICLE X THE AGENT........................................................................................40
10.1.   Appointment........................................................................................40
10.2.   Powers.............................................................................................41
10.3.   General Immunity...................................................................................41
10.4.   No Responsibility for Loans, Recitals, etc.........................................................41
10.5.   Action on Instructions of Lenders..................................................................41
10.6.   Employment of Agents and Counsel...................................................................42
10.7.   Reliance on Documents; Counsel.....................................................................42
10.8.   Agent's Reimbursement and Indemnification..........................................................42
10.9.   Notice of Default..................................................................................42
10.10.  Rights as a Lender.................................................................................42
10.11.  Lender Credit Decision.............................................................................43
10.12.  Successor Agent....................................................................................43
10.13.  Agent and Arranger Fees............................................................................44
10.14.  Delegation to Affiliates...........................................................................44
10.15.  Syndication Agents; Senior Managing Agents; Managing Agents........................................44
ARTICLE XI SETOFF; RATABLE PAYMENTS........................................................................44
11.1.   Setoff.............................................................................................44
11.2.   Ratable Payments...................................................................................44
ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS..............................................45
12.1.   Successors and Assigns.............................................................................45
12.2.   Participations.....................................................................................45
12.3.   Assignments........................................................................................46
12.4.   Dissemination of Information.......................................................................47
12.5.   Tax Treatment......................................................................................47
ARTICLE XIII NOTICES.......................................................................................47
13.1.   Giving Notice......................................................................................47
13.2.   Change of Address..................................................................................47
ARTICLE XIV COUNTERPARTS...................................................................................48
ARTICLE XV CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL....................................48
15.1.   CHOICE OF LAW......................................................................................48
15.2.   CONSENT TO JURISDICTION............................................................................48
15.3.   WAIVER OF JURY TRIAL...............................................................................48
</Table>

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                                    EXHIBITS
Exhibit A           Note
Exhibit B           Compliance Certificate
Exhibit C           Assignment Agreement
Exhibit D           Commitment Addition Agreement

                                    SCHEDULES

Pricing Schedule
Schedule 1          Commitments

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                            364-DAY CREDIT AGREEMENT

     This 364-Day Credit Agreement, dated as of February 8, 2002, is among Aon
Corporation, a Delaware corporation, the Lenders and Bank One, NA, a national
banking association having its principal office in Chicago, Illinois, as Agent.

                                R E C I T A L S:
                                - - - - - - - -

     A.   The Borrower has requested the Lenders to make financial
accommodations to it in the aggregate principal amount of $437,500,000; and

     B.   The Lenders are willing to extend such financial accommodations on the
terms and conditions set forth below.

     NOW, THEREFORE, in consideration of the premises and of the mutual
agreements made herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders and the Agent hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

     As used in this Agreement:

     "Advance" means a borrowing of Loans, (a) advanced by the Lenders on the
same Borrowing Date, or (b) converted or continued by the Lenders on the same
date of conversion or continuation, consisting, in either case, of the aggregate
amount of the several Loans of the same Type and, in the case of Eurodollar
Loans, for the same Interest Period.

     "Affiliate" of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person. A Person
shall be deemed to control another Person if the controlling Person owns 10% or
more of any class of voting securities (or other ownership interests) of the
controlled Person or possesses, directly or indirectly, the power to direct or
cause the direction of the management or policies of the controlled Person,
whether through ownership of stock, by contract or otherwise.

     "Agent" means Bank One in its capacity as contractual representative of the
Lenders pursuant to ARTICLE X, and not in its individual capacity as a Lender,
and any successor Agent appointed pursuant to ARTICLE X.

     "Aggregate Commitment" means the aggregate of the Commitments of all the
Lenders, as reduced or increased from time to time pursuant to the terms hereof.
The initial Aggregate Commitment is $437,500,000.

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     "Agreement" means this 364-Day Credit Agreement, as it may be amended or
modified and in effect from time to time.

     "Agreement Accounting Principles" means generally accepted accounting
principles as in effect from time to time, applied in a manner consistent with
those used in preparing the financial statements referred to in SECTION 5.5.

     "Alternate Base Rate" means, for any day, a rate of interest per annum
equal to the higher of (a) the Prime Rate for such day, and (b) the sum of the
Federal Funds Effective Rate for such day plus 1/2% per annum.

     "Alternate Base Rate Advance" means an Advance which, except as otherwise
provided in SECTION 2.11, bears interest at the Alternate Base Rate.

     "Alternate Base Rate Loan" means a Loan which, except as otherwise provided
in SECTION 2.11, bears interest at the Alternate Base Rate.

     "Applicable Facility Fee Rate" means, at any time, the percentage
determined in accordance with the Pricing Schedule at such time. The Applicable
Facility Fee Rate shall change as and when the Borrower Debt Rating changes. The
initial Applicable Facility Fee Rate shall be .07%.

     "Applicable Margin" means, with respect to Advances of any Type at any
time, the percentage rate per annum which is applicable at such time with
respect to Advances of such Type as set forth in the Pricing Schedule.

     "Applicable Utilization Fee Rate" means, at any time, the percentage
determined in accordance with the Pricing Schedule at such time. The Applicable
Utilization Fee Rate shall change as and when the Borrower Debt Rating changes.

     "Approved Fund" means any Fund that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an
entity that administers or manages a Lender.

     "Arranger" means Banc One Capital Markets, Inc., a Delaware corporation,
and its successors, in its capacity as "Sole Lead Arranger" and "Sole Book
Manager".

     "Article" means an article of this Agreement unless another document is
specifically referenced.

     "Authorized Officer" means any of the president, chief financial officer,
treasurer or vice-president and controller of the Borrower, acting singly.

     "Bank One" means Bank One, NA, a national banking association having its
principal office in Chicago, Illinois, in its individual capacity, and its
successors.

                                       -2-
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     "Borrower" means Aon Corporation, a Delaware corporation, and its
successors and assigns.

     "Borrower Debt Rating" means the senior unsecured long term debt (without
third party credit enhancement) rating of the Borrower as determined by a rating
agency identified on the Pricing Schedule.

     "Borrowing Date" means a date on which an Advance is made hereunder.

     "Borrowing Notice" is defined in SECTION 2.8.

     "Business Day" means (a) with respect to any borrowing, payment or rate
selection of Eurodollar Advances, a day (other than a Saturday or Sunday) on
which banks generally are open in Chicago and New York for the conduct of
substantially all of their commercial lending activities, interbank wire
transfers can be made on the Fedwire system and dealings in United States
dollars are carried on in the London interbank market and (b) for all other
purposes, a day (other than a Saturday or Sunday) on which banks generally are
open in Chicago and New York for the conduct of substantially all of their
commercial lending activities and interbank wire transfers can be made on the
Fedwire system.

     "Capitalized Lease" of a Person means any lease of Property by such Person
as lessee which would be capitalized on a balance sheet of such Person prepared
in accordance with Agreement Accounting Principles.

     "Capitalized Lease Obligations" of a Person means the amount of the
obligations of such Person under Capitalized Leases which would be shown as a
liability on a balance sheet of such Person prepared in accordance with
Agreement Accounting Principles.

     "Change" is defined in SECTION 3.2.

     "Change in Control" means (a) the acquisition by any Person, or two or more
Persons acting in concert, including without limitation any acquisition effected
by means of any transaction contemplated by SECTION 6.11, of beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange
Commission under the Securities Exchange Act of 1934) of 20% or more of the
outstanding shares of voting stock of the Borrower, or (b) during any period of
25 consecutive calendar months, commencing on the date of this Agreement, the
ceasing of those individuals (the "CONTINUING DIRECTORS") who (i) were directors
of the Borrower on the first day of each such period or (ii) subsequently became
directors of the Borrower and whose initial election or initial nomination for
election subsequent to that date was approved by a majority of the Continuing
Directors then on the board of directors of the Borrower, to constitute a
majority of the board of directors of the Borrower.

     "Code" means the Internal Revenue Code of 1986, as amended, reformed or
otherwise modified from time to time.

                                       -3-
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     "Commitment" means, for each Lender, the obligation of such Lender to make
Loans not exceeding the amount set forth opposite its name on SCHEDULE 1 hereto,
as it may be modified as a result of any assignment that has become effective
pursuant to SECTION 12.3.2 or as otherwise modified from time to time pursuant
to the terms hereof.

     "Condemnation" is defined in SECTION 7.8.

     "Consolidated" or "consolidated", when used in connection with any
calculation, means a calculation to be determined on a consolidated basis for
the Borrower and its Subsidiaries in accordance with Agreement Accounting
Principles.

     "Consolidated EBITDA" means Consolidated Net Income PLUS, to the extent
deducted from revenues in determining Consolidated Net Income, (i) Consolidated
Interest Expense, (ii) expense for taxes paid or accrued, (iii) depreciation,
(iv) amortization and (v) extraordinary losses incurred other than in the
ordinary course of business, MINUS, to the extent included in Consolidated Net
Income, extraordinary gains realized other than in the ordinary course of
business, all calculated for the Borrower and its Subsidiaries on a consolidated
basis.

     "Consolidated Interest Expense" means, with reference to any period, the
interest expense of the Borrower and its Subsidiaries calculated on a
consolidated basis for such period.

     "Consolidated Net Income" means, with reference to any period, the net
income (or loss) of the Borrower and its Subsidiaries calculated on a
consolidated basis for such period.

     "Consolidated Net Worth" means, at any date of determination, the
consolidated common stockholders' equity of the Borrower and its consolidated
Subsidiaries determined in accordance with Agreement Accounting Principles.

     "Consolidated Person" means, for the taxable year of reference, each Person
which is a member of the affiliated group of the Borrower if Consolidated
returns are or shall be filed for such affiliated group for federal income tax
purposes or any combined or unitary group of which the Borrower is a member for
state income tax purposes.

     "Contingent Obligation" of a Person means any agreement, undertaking or
arrangement by which such Person assumes, guarantees, endorses, contingently
agrees to purchase or provide funds for the payment of, or otherwise becomes or
is contingently liable upon, the obligation or liability of any other Person, or
agrees to maintain the net worth or working capital or other financial condition
of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating
agreement or take-or-pay contract or application for a Letter of Credit.

     "Controlled Group" means all members of a controlled group of corporations
or other business entities and all trades or businesses (whether or not
incorporated) under common control which, together with the Borrower or any of
its Subsidiaries, are treated as a single employer under Section 414 of the
Code.

                                       -4-
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     "Conversion/Continuation Notice" is defined in SECTION 2.9.

     "CSC" means Combined Specialty Corporation, a Wholly-Owned Subsidiary of
the Borrower, that will, immediately prior to the CSC Spin-Off, hold only the
general insurance underwriting business of the Borrower.

     "CSC Distribution Agreement" means the distribution agreement to be filed
with the U.S. Securities and Exchange Commission and entered into between the
Borrower and CSC to effect the CSC Spin-Off in material conformity with the
description of the CSC Spin-Off and pro-forma financial information relating to
the CSC Spin-Off which was included in the Form 8-K filed with the U.S.
Securities and Exchange Commission on December 3, 2001 by the Borrower under the
Securities Act of 1934.

     "CSC Group" means CSC and each of CSC's Subsidiaries.

     "CSC Spin-Off" means the distribution, as a tax-free dividend by the
Borrower to the current holders of the Borrower's common stock, of the
outstanding shares of common stock of CSC to be effected pursuant to the terms
of the CSC Distribution Agreement, together with the related transactions
expressly contemplated by the terms of the CSC Distribution Agreement.

     "Default" means an event described in ARTICLE VII.

     "Environmental Laws" is defined in SECTION 5.15.

     "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and any rule or regulation issued thereunder.

     "Eurodollar Advance" means an Advance which, except as otherwise provided
in SECTION 2.11, bears interest at the applicable Eurodollar Rate.

     "Eurodollar Base Rate" means, with respect to a Eurodollar Advance: (a) for
any one, two, three or six month Interest Period applicable to such Eurodollar
Advance, the applicable British Bankers' Association Interest Settlement Rate
for deposits in U.S. dollars appearing on Reuters Screen FRBD as of 11:00 a.m.
(London time) two (2) Business Days prior to the first day of such Interest
Period, and having a maturity equal to such Interest Period, PROVIDED that, (i)
if Reuters Screen FRBD is not available to the Agent for any reason, the
applicable Eurodollar Base Rate for the relevant Interest Period shall instead
be the applicable British Bankers' Association Interest Settlement Rate for
deposits in U.S. dollars as reported by any other generally recognized financial
information service as of 11:00 a.m. (London time) two (2) Business Days prior
to the first day of such Interest Period, and having a maturity equal to such
Interest Period, and (ii) if no such British Bankers' Association Interest
Settlement Rate is available to the Agent, the applicable Eurodollar Base Rate
for the relevant Interest Period shall instead be the rate determined by the
Agent to be the rate at which Bank One or one of its Affiliate banks offers to
place deposits in U.S. dollars with first-class banks in the London interbank
market at approximately 11:00 a.m. (London time) two (2) Business Days prior to
the

                                       -5-
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first day of such Interest Period, in the approximate amount of Bank One's
relevant Eurodollar Loan and having a maturity equal to such Interest Period; or
(b) for any fourteen (14) day Interest Period applicable to such Eurodollar
Advance, the rate determined by the Agent to be the rate at which Bank One or
one of its Affiliate banks offers to place deposits in U.S. dollars with
first-class banks in the interbank market at approximately 10:00 a.m. (Chicago
time) two (2) Business Days prior to the first day of such Interest Period, in
the approximate amount of Bank One's relevant Eurodollar Loan and having a
maturity equal to such Interest Period.

     "Eurodollar Loan" means a Loan which, except as otherwise provided in
SECTION 2.11, bears interest at the applicable Eurodollar Rate.

     "Eurodollar Rate" means, with respect to a Eurodollar Advance for the
relevant Interest Period, the sum of (a) the quotient of (i) the Eurodollar Base
Rate applicable to such Interest Period, divided by (ii) one minus the Reserve
Requirement (expressed as a decimal) applicable to such Interest Period, plus
(b) the Applicable Margin for Eurodollar Advances.

     "Excluded Taxes" means, in the case of each Lender or applicable Lending
Installation and the Agent, taxes imposed on its overall net income, and
franchise taxes imposed on it, by (i) the jurisdiction under the laws of which
such Lender or the Agent is incorporated or organized or (ii) the jurisdiction
in which the Agent's or such Lender's principal executive office or such
Lender's applicable Lending Installation is located.

     "Exhibit" refers to an exhibit to this Agreement, unless another document
is specifically referenced.

     "Existing Credit Agreements" means that certain $600,000,000 364-Day
Amended and Restated Credit Agreement dated as of October 8, 1998 among the
Borrower, Bank One, as agent, and the lenders named therein, and that certain
$600,000,000 Five Year Credit Agreement dated as of January 14, 1997 among the
Borrower, Bank One, as agent, and the lenders named therein, in each case as
amended, restated, supplemented or otherwise modified from time to time.

     "Facility Termination Date" means February 7, 2004, as such date may be
extended from time to time pursuant to SECTION 2.19, or any earlier date (a) on
which the Aggregate Commitment is reduced to zero or otherwise terminated
pursuant to the terms hereof (other than pursuant to the third sentence of
SECTION 2.1) or (b) on or after the Revolving Credit Termination Date, on which
the Revolving Credit Termination Balance and all other unpaid Obligations shall
be paid in full.

     "Federal Funds Effective Rate" means, for any day, an interest rate per
annum equal to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal
funds brokers on such day, as published for such day (or, if such day is not a
Business Day, for the immediately preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 10:00 a.m. (Chicago
time) on such

                                       -6-
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day on such transactions received by the Agent from three Federal funds brokers
of recognized standing selected by the Agent in its sole discretion.

     "Financial Statements" is defined in SECTION 5.5.

     "Fiscal Quarter" means each of the four three-month accounting periods
comprising a Fiscal Year.

     "Fiscal Year" means the twelve-month accounting period ending December 31
of each year.

     "Fund" means any Person (other than a natural person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.

     "Governmental Authority" means any government (foreign or domestic) or any
state or other political subdivision thereof or any governmental body, agency,
authority, department or commission (including without limitation any taxing
authority or political subdivision) or any instrumentality or officer thereof
(including, without limitation, any court or tribunal and any board of
insurance, insurance department or insurance commissioner) exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government and any corporation, partnership or other entity directly or
indirectly owned or controlled by or subject to the control of any of the
foregoing.

     "Hazardous Materials" is defined in SECTION 5.15.

     "Indebtedness" of a Person means such Person's (a) obligations for borrowed
money, (b) obligations representing the deferred purchase price of Property or
services (other than accounts payable arising in the ordinary course of such
Person's business payable on terms customary in the trade), (c) obligations,
whether or not assumed, secured by Liens or payable out of the proceeds or
production from Property now or hereafter owned or acquired by such Person, (d)
obligations which are evidenced by notes, acceptances, or similar instruments,
(e) Capitalized Lease Obligations, (f) Contingent Obligations, (g) obligations
for which such Person is obligated pursuant to or in respect of a Letter of
Credit and (h) repurchase obligations or liabilities of such Person with respect
to accounts or notes receivable sold by such Person.

     "Interest Period" means, with respect to a Eurodollar Advance, a period of
fourteen (14) days or one, two, three or six months commencing on a Business Day
selected by the Borrower pursuant to this Agreement. An Interest Period of one,
two, three or six months shall end on (but exclude) the day which corresponds
numerically to such date one, two, three or six months thereafter; PROVIDED,
HOWEVER, that if there is no such numerically corresponding day in such next,
second, third or sixth succeeding month, such Interest Period shall end on the
last Business Day of such next, second, third or sixth succeeding month. If an
Interest Period would otherwise end on a day which is not a Business Day, such
Interest Period shall end on the next succeeding

                                       -7-
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Business Day; PROVIDED, HOWEVER, that if said next succeeding Business Day falls
in a new calendar month, such Interest Period shall end on the immediately
preceding Business Day.

     "Lenders" means the lending institutions listed on the signature pages of
this Agreement and their respective successors and assigns.

     "Lending Installation" means, with respect to a Lender or the Agent, the
office, branch, subsidiary or affiliate of such Lender or the Agent listed on
the signature pages hereof or on a Schedule or otherwise selected by such Lender
or the Agent pursuant to SECTION 2.17.

     "Letter of Credit" of a Person means a letter of credit or similar
instrument which is issued upon the application of such Person or upon which
such Person is an account party or for which such Person is in any way liable.

     "Lien" means any security interest, lien (statutory or other), mortgage,
pledge, hypothecation, assignment, deposit arrangement, encumbrance or
preference, priority or other security agreement or preferential arrangement of
any kind or nature whatsoever (including, without limitation, the interest of a
vendor or lessor under any conditional sale, Capitalized Lease or other title
retention agreement).

     "Loan" means, with respect to a Lender, such Lender's loan made pursuant to
ARTICLE II (or any conversion or continuation thereof).

     "Loan Documents" means this Agreement, any Notes issued pursuant to
SECTION 2.13 and the other documents and agreements contemplated hereby and
executed by the Borrower in favor of the Agent or any Lender.

     "Margin Stock" has the meaning assigned to that term under Regulation U.

     "Material Adverse Effect" means a material adverse effect on (a) the
business, Property, condition (financial or otherwise), performance, results of
operations, or prospects of the Post-Spin-Off Group taken as a whole or, if the
Borrower has confirmed or it has notified the holders of the Borrower's common
stock or the US Securities and Exchange Commission that the CSC Spin-Off is not
to take place, the Borrower and its Subsidiaries taken as a whole, (b) the
ability of the Borrower to perform its obligations under the Loan Documents, or
(c) the validity or enforceability of any of the Loan Documents or the rights or
remedies of the Agent or the Lenders thereunder.

     "Modified Required Lenders" means Lenders in the aggregate having at least
66 2/3% of the Aggregate Commitment or, if the Aggregate Commitment has been
terminated, Lenders in the aggregate holding at least 66 2/3% of the aggregate
unpaid principal amount of the outstanding Loans.

     "Moody's" means Moody's Investors Service, Inc., or any successor thereto.

                                       -8-
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     "Multiemployer Plan" means a Plan maintained pursuant to a collective
bargaining agreement or any other arrangement to which the Borrower or any
member of the Controlled Group is a party to which more than one employer is
obligated to make contributions.

     "Non-U.S. Lender" is defined in SECTION 3.5(d).

     "Note" is defined in SECTION 2.13.

     "Obligations" means all unpaid principal of and accrued and unpaid interest
on the Loans, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the Borrower to the Lenders or to any
Lender, the Agent or any indemnified party arising under the Loan Documents.

     "Other Taxes" is defined in SECTION 3.5(b).

     "Participants" is defined in SECTION 12.2.1.

     "Payment Date" means the last day of each March, June, September and
December.

     "PBGC" means the Pension Benefit Guaranty Corporation, or any successor
thereto.

     "Person" means any natural person, corporation, firm, joint venture,
partnership, association, enterprise, limited liability company, trust or other
entity or organization, or any government or political subdivision or any
agency, department or instrumentality thereof.

     "Plan" means an employee pension benefit plan which is covered by Title IV
of ERISA or subject to the minimum funding standards under Section 412 of the
Code as defined in Section 3(2) of ERISA, as to which the Borrower or any member
of the Controlled Group may have any liability.

     "Post-Spin-Off Group" means the Borrower and each of its Subsidiaries but
excluding any member of the CSC Group.

     "Pricing Schedule" means the Schedule attached hereto identified as such.

     "Prime Rate" means a rate per annum equal to the prime rate of interest
announced from time to time by Bank One or its parent (which is not necessarily
the lowest rate charged to any customer), changing when and as said prime rate
changes.

     "Property" of a Person means any and all property, whether real, personal,
tangible, intangible, or mixed, of such Person, or other assets owned, leased or
operated by such Person.

     "pro-rata" means, when used with respect to a Lender, and any described
aggregate or total amount, an amount equal to such Lender's pro-rata share or
portion based on its percentage of the Aggregate Commitment or if the Aggregate
Commitment has been terminated, its percentage of the aggregate principal amount
of outstanding Advances.

                                       -9-
<Page>

     "Purchasers" is defined in SECTION 12.3.1.

     "Regulation D" means Regulation D of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor thereto or other
regulation or official interpretation of said Board of Governors relating to
reserve requirements applicable to depositary institutions.

     "Regulation U" means Regulation U of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor or other
regulation or official interpretation of said Board of Governors relating to the
extension of credit by banks and certain other Persons for the purpose of
purchasing or carrying margin stocks applicable to member banks of the Federal
Reserve System and certain other Persons.

     "Release" is defined in the Comprehensive Environmental Response,
Compensation and Liability Act, as amended, 42 U.S.C. 39601 ET SEQ.

     "Reportable Event" means a reportable event as defined in Section 4043 of
ERISA and the regulations issued under such section, with respect to a Plan,
excluding, however, such events as to which the PBGC has by regulation waived
the requirement of Section 4043(a) of ERISA that it be notified within thirty
(30) days of the occurrence of such event; PROVIDED, that a failure to meet the
minimum funding standard of Section 412 of the Code and of Section 302 of ERISA
shall be a Reportable Event regardless of the issuance of any such waiver of the
notice requirement in accordance with either Section 4043(a) of ERISA or Section
412(d) of the Code.

     "Required Lenders" means Lenders in the aggregate having at least 51% of
the Aggregate Commitment or, if the Aggregate Commitment has been terminated,
Lenders in the aggregate holding at least 51% of the aggregate unpaid principal
amount of the outstanding Loans.

     "Reserve Requirement" means, with respect to an Interest Period, the
maximum aggregate reserve requirement (including all basic, supplemental,
marginal and other reserves) which is imposed under Regulation D on Eurocurrency
liabilities.

     "Revolving Credit Termination Balance" means the aggregate principal amount
of Advances outstanding on the Revolving Credit Termination Date after giving
effect to any Advances made or repaid on such date.

     "Revolving Credit Termination Date" means February 7, 2003 or any later
date as may be specified as the Revolving Credit Termination Date in accordance
with SECTION 2.19 or any earlier date on which the Aggregate Commitment is
reduced to zero or otherwise terminated pursuant to the terms hereof.

     "Risk-Based Capital Guidelines" is defined in SECTION 3.2.

                                      -10-
<Page>

     "S&P" means Standard and Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc., or any successor thereto.

     "Schedule" refers to a specific schedule to this Agreement, unless another
document is specifically referenced.

     "Section" means a numbered section of this Agreement, unless another
document is specifically referenced.

     "Single Employer Plan" means a Plan maintained by the Borrower or any
member of the Controlled Group for employees of the Borrower or any member of
the Controlled Group.

     "Subsidiary" of a Person means (a) any corporation more than 50% of the
outstanding securities having ordinary voting power of which shall at the time
be owned or controlled, directly or indirectly, by such Person or by one or more
of its Subsidiaries or by such Person and one or more of its Subsidiaries, or
(b) any partnership, association, joint venture, limited liability company or
similar business organization more than 50% of the ownership interests having
ordinary voting power of which shall at the time be so owned or controlled.
Unless otherwise expressly provided, all references herein to a "Subsidiary"
shall mean a Subsidiary of the Borrower.

     "Substantial Portion" means, with respect to the Property of the Borrower
and its Subsidiaries, Property which (a) represents more than 10% of the
consolidated assets of the Borrower and its Subsidiaries, as would be shown in
the consolidated financial statements of the Borrower and its Subsidiaries as at
the end of the quarter next preceding the date on which such determination is
made, or (b) is responsible for more than 10% of the consolidated net sales or
of the consolidated net income of the Borrower and its Subsidiaries for the
12-month period ending as of the end of the quarter next preceding the date of
determination.

     "Taxes" means any and all present or future taxes, duties, levies, imposts,
deductions, charges or withholdings, and any and all liabilities with respect to
the foregoing, but EXCLUDING Excluded Taxes and Other Taxes.

     "Termination Event" means, with respect to a Plan which is subject to
Title IV of ERISA, (a) a Reportable Event, (b) the withdrawal of the Borrower or
any other member of the Controlled Group from such Plan during a plan year in
which the Borrower or any other member of the Controlled Group was a
"substantial employer" as defined in Section 4001(a)(2) of ERISA or was deemed
such under Section 4068(f) of ERISA, (c) the termination of such Plan, the
filing of a notice of intent to terminate such Plan or the treatment of an
amendment of such Plan as a termination under Section 4041 of ERISA, (d) the
institution by the PBGC of proceedings to terminate such Plan or (e) any event
or condition which might constitute grounds under Section 4042 of ERISA for the
termination of, or appointment of a trustee to administer, such Plan.

                                      -11-
<Page>

     "Three Year Agreement" means that certain Three Year Credit Agreement dated
as of the date hereof among the Borrower, Bank One, as agent, and the lenders
party thereto, as from time to time amended, restated or otherwise modified.

     "Total Plan Liability" means, at any time, the present value of all vested
and unvested accrued benefits under all Single Employer Plans, determined as of
the then most recent valuation date for such Plans using PBGC actuarial
assumptions for single employer plan terminations.

     "Transferee" is defined in SECTION 12.4.

     "Transitional Services" means the services to be provided by the
Post-Spin-Off Group to the CSC Group, including but not limited to human
resource administration services, IT and telecommunications support and
services, payroll, salary and employee benefits services, tax, audit and
accounting services, legal services, treasury services (cash investment, foreign
exchange, derivatives and hedging), intellectual property licensing, premium
financing services, claims administration services and benefits/brokerage
consultancy and risk management services.

     "Type" means, with respect to any Advance, its nature as an Alternate Base
Rate Advance or a Eurodollar Advance.

     "Unfunded Liabilities" means the amount (if any) by which the present value
of all vested and unvested accrued benefits under all Single Employer Plans
exceeds the fair market value of all such Plan assets allocable to such
benefits, all determined as of the then most recent valuation date for such
Plans using PBGC actuarial assumptions for single employer plan terminations.

     "Unmatured Default" means an event which but for the lapse of time or the
giving of notice, or both, would constitute a Default.

     "Wholly-Owned Subsidiary" of a Person means (a) any Subsidiary all of the
outstanding voting securities of which shall at the time be owned or controlled,
directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries
of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of
such Person, or (b) any partnership, association, joint venture, limited
liability company or similar business organization 100% of the ownership
interests having ordinary voting power of which shall at the time be so owned or
controlled. Unless otherwise provided, all references herein to a "Wholly-Owned
Subsidiary" shall mean a Wholly-Owned Subsidiary of the Borrower.

     The foregoing definitions shall be equally applicable to both the singular
and plural forms of the defined terms.

                                   ARTICLE II
                                   THE CREDITS

                                      -12-
<Page>

     2.1.    COMMITMENT. From and including the date of this Agreement to the
Revolving Credit Termination Date, each Lender severally agrees, on the terms
and conditions set forth in this Agreement, to make Loans to the Borrower from
time to time in amounts not to exceed in the aggregate at any one time
outstanding the amount of its Commitment. Subject to the terms of this
Agreement, the Borrower may borrow, repay and reborrow at any time prior to the
Revolving Credit Termination Date. The Commitments to lend hereunder shall
expire on the Revolving Credit Termination Date. Principal payments made after
the Revolving Credit Termination Date may not be reborrowed.

     2.2.    REQUIRED PAYMENTS; TERMINATION. The Revolving Credit Termination
Balance and all other unpaid Obligations shall be paid in full by the Borrower
on the Revolving Credit Termination Date; PROVIDED, HOWEVER, that upon the
written request of the Borrower, delivered to the Agent at least ten (10)
Business Days prior to the Revolving Credit Termination Date, the Revolving
Credit Termination Balance shall be due and payable on the Facility Termination
Date.

     2.3.    RATABLE LOANS. Each Advance hereunder shall consist of Loans made
from the several Lenders ratably in proportion to the ratio that their
respective Commitments bear to the Aggregate Commitment.

     2.4.    TYPES OF ADVANCES. The Advances may be Alternate Base Rate Advances
or Eurodollar Advances, or a combination thereof, selected by the Borrower in
accordance with SECTIONS 2.8 and 2.9.

     2.5.    FACILITY FEE; UTILIZATION FEE; REDUCTIONS AND INCREASES IN
AGGREGATE COMMITMENT. (a) The Borrower agrees to pay to the Agent for the
account of each Lender a facility fee at a per annum rate equal to the
Applicable Facility Fee Rate on such Lender's Commitment (or, after the
Revolving Credit Termination Date, on the principal amount of such Lender's
Loans) from the date hereof to and including the Facility Termination Date,
payable on each Payment Date hereafter and on the Facility Termination Date. The
Borrower also agrees to pay to the Agent for the ratable (based on Commitment
(or after termination of the Commitments, outstanding Loan) amounts) account of
the Lenders a utilization fee for each day from the date hereof to and including
the later of the Facility Termination Date and the date all Loans are paid in
full and all Commitments are terminated, such utilization fee to be equal to the
Applicable Utilization Fee Rate for such day multiplied by the outstanding
principal amount of the Loans on such day, payable on each Payment Date and on
the Facility Termination Date. The Borrower may permanently reduce the Aggregate
Commitment in whole, or in part ratably among the Lenders in a minimum aggregate
amount of $25,000,000 or any integral multiple of $5,000,000 in excess thereof,
upon at least two (2) Business Days' written notice to the Agent, which notice
shall specify the amount of any such reduction, PROVIDED, HOWEVER, that the
amount of the Aggregate Commitment may not be reduced below the aggregate
principal amount of the outstanding Advances. All accrued facility and
utilization fees shall be payable on the effective date of any termination of
the obligations of the Lenders to make Loans hereunder.

                                      -13-
<Page>

             (b)    Prior to the Revolving Credit Termination Date, the Borrower
may, at its option, on up to two occasions, seek to increase the Aggregate
Commitment by a minimum amount of $10,000,000 and up to an aggregate amount of
$62,500,000 (resulting in a maximum Aggregate Commitment of $500,000,000) upon
at least three (3) Business Days' prior written notice to the Agent, which
notice shall specify the amount of any such increase and shall certify (i) that
no Default or Unmatured Default has occurred and is continuing and (ii) that
each of the representations and warranties set forth in ARTICLE V of this
Agreement is true and correct on and as of such date (except to the extent any
such representation or warranty is stated to relate solely to an earlier date,
in which case such representation or warranty shall have been true and correct
on and as of such earlier date). The Borrower may, after giving such notice,
offer the increase (which may be declined by any Lender in its sole discretion)
in the Aggregate Commitment on either a ratable basis to the Lenders or on a non
pro-rata basis to one or more Lenders and/or to other Lenders or entities
reasonably acceptable to the Agent; PROVIDED that (x) the minimum amount of any
increase for any new Lender shall be $10,000,000 and (y) after giving effect to
any increase, no Lender's Commitment shall be greater than 25% of the Aggregate
Commitment. No increase in the Aggregate Commitment shall become effective until
the existing or new Lenders extending such incremental Commitment amount and the
Borrower shall have delivered to the Agent a Commitment Addition Agreement
substantially in the form of EXHIBIT D (or in such other form as may be
reasonably satisfactory to the Agent) pursuant to which any such existing Lender
states the amount of its Commitment increase, any such new Lender states its
Commitment amount and agrees to assume and accept the obligations and rights of
a Lender hereunder and the Borrower accepts such incremental Commitments. The
Lenders (new or existing) shall accept an assignment from the existing Lenders,
and the existing Lenders shall make an assignment to the new or existing Lender
accepting a new or increased Commitment, of an interest in each then outstanding
Advance such that, after giving effect thereto, all Advances are held ratably by
the Lenders in proportion to their respective Commitments. Assignments pursuant
to the preceding sentence shall be made in exchange for the principal amount
assigned plus accrued and unpaid interest, facility fees and utilization fees.
The Borrower shall make any payments under SECTION 3.4 resulting from such
assignments. Any such increase of the Aggregate Commitment shall be subject to
receipt by the Agent from the Borrower of such supplemental opinions,
resolutions, certificates and other documents as the Agent may reasonably
request.

     2.6.    MINIMUM AMOUNT OF EACH ADVANCE. Each Advance shall be in the
minimum amount of $25,000,000 (and in multiples of $5,000,000 if in excess
thereof); PROVIDED, HOWEVER, that (a) any Alternate Base Rate Advance may be in
the amount of the unused Aggregate Commitment and (b) in no event shall more
than six (6) Eurodollar Advances be permitted to be outstanding at any time.

     2.7.    OPTIONAL PRINCIPAL PAYMENTS. The Borrower may from time to time
pay, without penalty or premium, all outstanding Alternate Base Rate Advances,
or, in a minimum aggregate amount of $10,000,000 or any integral multiple of
$1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate
Advances upon notice to the Agent by 10:00 a.m. on the Business Day of the
proposed prepayment. The Borrower may from time to time pay, subject to

                                      -14-
<Page>

the payment of any funding indemnification amounts required by SECTION 3.4 but
without penalty or premium, all outstanding Eurodollar Advances, or, in a
minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000
in excess thereof, any portion of an outstanding Eurodollar Advance, upon two
(2) Business Days' prior notice to the Agent.

     2.8.    METHOD OF SELECTING TYPES AND INTEREST PERIODS FOR NEW ADVANCES.
The Borrower shall select the Type of Advance and, in the case of each
Eurodollar Advance, the Interest Period applicable thereto from time to time;
PROVIDED, HOWEVER, that in the event Loans are incurred on the date of this
Agreement, all Loans incurred on such date shall be Alternate Base Rate
Advances. The Borrower shall give the Agent irrevocable notice (a "BORROWING
NOTICE") not later than 10:00 a.m. (Chicago time) on the Borrowing Date of each
Alternate Base Rate Advance and at least three (3) Business Days before the
Borrowing Date for each Eurodollar Advance, specifying:

               (a)  the Borrowing Date of such Advance, which shall be a
Business Day;

               (b)  the aggregate amount of such Advance;

               (c)  the Type of Advance selected; and

               (d)  in the case of each Eurodollar Advance, the Interest Period
applicable thereto, which shall end on or prior to the Facility Termination
Date.

Not later than noon (Chicago time) on each Borrowing Date, each Lender shall
make available its Loan or Loans, in funds immediately available in Chicago, to
the Agent at its address specified pursuant to ARTICLE XIII. The Agent will make
the funds so received from the Lenders available to the Borrower at the Agent's
aforesaid address.

     2.9.    CONVERSION AND CONTINUATION OF OUTSTANDING ADVANCES. Each Alternate
Base Rate Advance shall continue as an Alternate Base Rate Advance unless and
until such Alternate Base Rate Advance is converted into a Eurodollar Advance
pursuant to this SECTION 2.9 or is repaid in accordance with SECTION 2.7. Each
Eurodollar Advance shall continue as a Eurodollar Advance until the end of the
then applicable Interest Period therefor, at which time such Eurodollar Advance
shall be automatically converted into an Alternate Base Rate Advance unless (x)
such Eurodollar Advance is or was repaid in accordance with SECTION 2.7 or (y)
the Borrower shall have given the Agent a Conversion/Continuation Notice (as
defined below) requesting that, at the end of such Interest Period, such
Eurodollar Advance continue as a Eurodollar Advance for the same or another
Interest Period. Subject to the terms of SECTION 2.6, the Borrower may elect
from time to time to convert all or any part of an Alternate Base Rate Advance
into a Eurodollar Advance. The Borrower shall give the Agent irrevocable notice
(a "CONVERSION/CONTINUATION NOTICE") of each conversion of an Alternate Base
Rate Advance into a Eurodollar Advance or of continuation of a Eurodollar
Advance not later than 10:00 a.m. (Chicago time) on the date of a conversion
into an Alternate Base Rate Advance, or at least three (3) Business Days, in the
case of a conversion into or continuation of a Eurodollar Advance, prior to the
date of the requested conversion or continuation, specifying:

                                      -15-
<Page>

               (a)  the requested date of such conversion or continuation, which
shall be a Business Day;

               (b)  the aggregate amount and Type of the Advance which is to be
converted or continued; and

               (c)  the amount and Type(s) of Advance(s) into which such Advance
is to be converted or continued and, in the case of a conversion into or
continuation of a Eurodollar Advance, the duration of the Interest Period
applicable thereto, which shall end on or prior to the Facility Termination
Date.

     2.10.   CHANGES IN INTEREST RATE, ETC. Each Alternate Base Rate Advance
shall bear interest on the outstanding principal amount thereof, for each day
from and including the date such Advance is made or is converted from a
Eurodollar Advance into an Alternate Base Rate Advance pursuant to SECTION 2.9,
to but excluding the date it is paid or is converted into a Eurodollar Advance
pursuant to SECTION 2.9 hereof, at a rate per annum equal to the Alternate Base
Rate for such day. Changes in the rate of interest on that portion of any
Advance maintained as an Alternate Base Rate Advance will take effect
simultaneously with each change in the Alternate Base Rate. Each Eurodollar
Advance shall bear interest on the outstanding principal amount thereof from and
including the first day of the Interest Period applicable thereto to (but not
including) the last day of such Interest Period at the Eurodollar Rate
determined by the Agent as applicable to such Eurodollar Advance based upon the
Borrower's selections under SECTIONS 2.8 and 2.9 and otherwise in accordance
with the terms hereof. No Interest Period may end after the Facility Termination
Date. The Borrower shall select Interest Periods so that it is not necessary to
repay any portion of a Eurodollar Advance prior to the last day of the
applicable Interest Period in order to make a mandatory repayment required
pursuant to SECTION 2.2.

     2.11.   RATES APPLICABLE AFTER DEFAULT. Notwithstanding anything to the
contrary contained in SECTION 2.8 or 2.9, no Advance may be made as, converted
into or continued as a Eurodollar Advance (except with the consent of the Agent
and the Required Lenders) when any Default or Unmatured Default has occurred and
is continuing. During the continuance of a Default the Required Lenders may, at
their option, by notice to the Borrower (which notice may be revoked at the
option of the Required Lenders notwithstanding any provision of SECTION 8.2
requiring unanimous consent of the Lenders to changes in interest rates),
declare that (a) each Eurodollar Advance shall bear interest for the remainder
of the applicable Interest Period at the Eurodollar Rate otherwise applicable to
such Interest Period plus 1% per annum and (b) each Alternate Base Rate Advance
shall bear interest at a rate per annum equal to the Alternate Base Rate in
effect from time to time plus 1% per annum, PROVIDED that, during the
continuance of a Default under SECTION 7.6 or 7.7, the interest rates set forth
in clauses (a) and (b) above shall be applicable to all Advances without any
election or action on the part of the Agent or any Lender.

     2.12.   METHOD OF PAYMENT. All payments of the Obligations hereunder shall
be made, without setoff, deduction or counterclaim, in immediately available
funds to the Agent at the Agent's address specified pursuant to ARTICLE XIII, or
at any other Lending Installation of the Agent specified in writing by the Agent
to the Borrower, by noon (Chicago time) on the date

                                      -16-
<Page>

when due and shall be applied ratably by the Agent among the Lenders. Each
payment delivered to the Agent for the account of any Lender shall be delivered
promptly by the Agent to such Lender in the same type of funds that the Agent
received at its address specified pursuant to ARTICLE XIII or at any Lending
Installation specified in a notice received by the Agent from such Lender. The
Agent is hereby authorized to charge the account of the Borrower maintained with
Bank One for each payment of principal, interest and fees as it becomes due
hereunder.

     2.13.   NOTELESS AGREEMENT; EVIDENCE OF INDEBTEDNESS. (a) Each Lender shall
maintain in accordance with its usual practice an account or accounts evidencing
the indebtedness of the Borrower to such Lender resulting from each Loan made by
such Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time hereunder.

             (b)    The Agent shall also maintain accounts in which it will
     record (i) the amount of each Loan made hereunder, the Type thereof and the
     Interest Period with respect thereto, (ii) the amount of any principal or
     interest due and payable or to become due and payable from the Borrower to
     each Lender hereunder and (iii) the amount of any sum received by the Agent
     hereunder from the Borrower and each Lender's share thereof.

             (c)    The entries maintained in the accounts maintained pursuant
     to PARAGRAPHS (a) and (b) above shall be PRIMA FACIE evidence of the
     existence and amounts of the Obligations therein recorded; PROVIDED,
     HOWEVER, that the failure of the Agent or any Lender to maintain such
     accounts or any error therein shall not in any manner affect the obligation
     of the Borrower to repay the Obligations in accordance with their terms.

             (d)    Any Lender may request that its Loans be evidenced by a
     promissory note in substantially the form of EXHIBIT A (including any
     amendment, modification, renewal or replacement thereof, a "NOTE"). In such
     event, the Borrower shall prepare, execute and deliver to such Lender such
     Note payable to the order of such Lender. Thereafter, the Loans evidenced
     by such Note and interest thereon shall at all times (including after any
     assignment pursuant to SECTION 12.3) be represented by one or more Notes
     payable to the order of the payee named therein or any assignee pursuant to
     SECTION 12.3, except to the extent that any such Lender or assignee
     subsequently returns any such Note for cancellation and requests that such
     Loans once again be evidenced as described in PARAGRAPHS (a) and (b) above.
     Upon receipt of an affidavit of an officer of any Lender as to the loss,
     theft, destruction or mutilation of such Lender's Note, and, in the case of
     any such loss, theft destruction or mutilation, upon cancellation of such
     Note, the Borrower will issue, in lieu thereof, a replacement Note in the
     same principal amount thereof and otherwise of like tenor.

     2.14.   TELEPHONIC NOTICES. The Borrower hereby authorizes the Lenders and
the Agent to extend, convert or continue Advances, effect selections of Types of
Advances and to transfer funds based on telephonic notices made by any person or
persons the Agent or any Lender in good faith believes to be acting on behalf of
the Borrower, it being understood that the foregoing authorization is
specifically intended to allow Borrowing Notices and Conversion/Continuation

                                      -17-
<Page>

Notices to be given telephonically. The Borrower agrees to deliver promptly to
the Agent a written confirmation, if such confirmation is requested by the Agent
or any Lender, of each telephonic notice signed by an Authorized Officer. If the
written confirmation differs in any material respect from the action taken by
the Agent and the Lenders, the records of the Agent and the Lenders shall govern
absent manifest error.

     2.15.   INTEREST PAYMENT DATES; INTEREST AND FEE BASIS. Interest accrued on
each Alternate Base Rate Advance shall be payable on each Payment Date,
commencing with the first such date to occur after the date hereof, on any date
on which an Alternate Base Rate Advance is prepaid, whether due to acceleration
or otherwise, and at maturity. Interest accrued on that portion of the
outstanding principal amount of any Alternate Base Rate Advance converted into a
Eurodollar Advance on a day other than a Payment Date shall be payable on the
date of conversion. Interest accrued on each Eurodollar Advance shall be payable
on the last day of its applicable Interest Period, on any date on which the
Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at
maturity. Interest accrued on each Eurodollar Advance having an Interest Period
longer than three (3) months shall also be payable on the last day of each
three-month interval during such Interest Period. Interest with respect to
Eurodollar Loans, facility fees and utilization fees shall be calculated for
actual days elapsed on the basis of a 360-day year. Interest with respect to
Alternate Base Rate Loans shall be calculated for the actual days elapsed on the
basis of a 365 or 366-day year, as applicable. Interest shall be payable for the
day an Advance is made but not for the day of any payment on the amount paid if
payment is made in full and received prior to noon (Chicago time) at the place
of payment. If any payment of principal of or interest on an Advance shall
become due on a day which is not a Business Day, such payment shall be made on
the next succeeding Business Day and, in the case of a principal payment, such
extension of time shall be included in computing interest in connection with
such payment.

     2.16.   NOTIFICATION OF ADVANCES, INTEREST RATES, PREPAYMENTS AND
COMMITMENT REDUCTIONS. Promptly after receipt thereof, the Agent will notify
each Lender of the contents of each Aggregate Commitment reduction notice,
Borrowing Notice, Conversion/Continuation Notice, and repayment notice received
by it hereunder. The Agent will notify each Lender of the Eurodollar Rate
applicable to each Eurodollar Advance promptly upon determination of such
interest rate and will give each Lender prompt notice of each change in the
Alternate Base Rate.

     2.17.   LENDING INSTALLATIONS. Each Lender may book its Loans at any
Lending Installation selected by such Lender and may change its Lending
Installation from time to time. All terms of this Agreement shall apply to any
such Lending Installation and the Loans and any Notes issued hereunder shall be
deemed held by each Lender for the benefit of any such Lending Installation.
Each Lender may, by written notice to the Agent and the Borrower in accordance
with ARTICLE XIII, designate replacement or additional Lending Installations
through which Loans will be made by it and for whose account Loan payments are
to be made.

     2.18.   NON-RECEIPT OF FUNDS BY THE AGENT. Unless the Borrower or a Lender,
as the case may be, notifies the Agent prior to the date on which it is
scheduled to make payment to the Agent of (a) in the case of a Lender, the
proceeds of a Loan, or (b) in the case of the Borrower, a

                                      -18-
<Page>

payment of principal, interest or fees to the Agent for the account of the
Lenders, that it does not intend to make such payment, the Agent may assume that
such payment has been made. The Agent may, but shall not be obligated to, make
the amount of such payment available to the intended recipient in reliance upon
such assumption. If such Lender or the Borrower, as the case may be, has not in
fact made such payment to the Agent, the recipient of such payment shall, on
demand by the Agent, repay to the Agent the amount so made available together
with interest thereon in respect of each day during the period commencing on the
date such amount was so made available by the Agent until the date the Agent
recovers such amount at a rate per annum equal to (x) in the case of payment by
a Lender, the Federal Funds Effective Rate for such day for the first three (3)
days and, thereafter, the interest rate applicable to the relevant Loan or (y)
in the case of payment by the Borrower, the interest rate applicable to the
relevant Loan.

     2.19.   EXTENSION OF REVOLVING CREDIT TERMINATION DATE AND FACILITY
TERMINATION DATE. The Borrower may request an extension of the Revolving Credit
Termination Date and Facility Termination Date by submitting a request for an
extension to the Agent (an "EXTENSION REQUEST") no more than sixty (60) days
prior to the then effective Revolving Credit Termination Date. The Extension
Request must specify the new Revolving Credit Termination Date and Facility
Termination Date requested by the Borrower and the date (which must be at least
thirty (30) days after the Extension Request is delivered to the Agent) as of
which the Lenders must respond to the Extension Request (the "RESPONSE DATE").
The new Revolving Credit Termination Date shall be no more than 364 days after
the Revolving Credit Termination Date in effect at the time the Extension
Request is received, including the current Revolving Credit Termination Date as
one of the days in the calculation of the days elapsed and the new Facility
Termination Date shall be one (1) year after the new Revolving Credit
Termination Date. Promptly upon receipt of an Extension Request, the Agent shall
notify each Lender of the contents thereof and shall request each Lender to
approve the Extension Request. Each Lender may, in its sole discretion, elect to
approve or deny such Extension Request. Failure of a Lender to respond to an
Extension Request by the Response Date shall be deemed a refusal to approve such
Extension Request. Each Lender approving the Extension Request shall deliver its
written consent no later than the Response Date. If the consent of each of the
Lenders is received by the Agent, the Revolving Credit Termination Date and
Facility Termination Date specified in the Extension Request shall become
effective on the existing Revolving Credit Termination Date and the Agent shall
promptly notify the Borrower and each Lender of the new Revolving Credit
Termination Date and Facility Termination Date. In the event that a consent is
not received from each of the Lenders, then there shall be no extension of the
existing Revolving Credit Termination Date and Facility Termination Date.

     2.20.   REPLACEMENT OF LENDER. If the Borrower is required pursuant to
SECTION 3.1, 3.2 or 3.5 to make any additional payment to any Lender or if any
Lender's obligation to make or continue, or to convert Alternate Base Rate
Advances into, Eurodollar Advances shall be suspended pursuant to SECTION 3.3
(any Lender so affected an "AFFECTED LENDER"), the Borrower may elect, if such
amounts continue to be charged or such suspension is still effective, to replace
such Affected Lender as a Lender party to this Agreement, PROVIDED that no
Default or Unmatured Default shall have occurred and be continuing at the time
of such replacement, and

                                      -19-
<Page>

PROVIDED FURTHER that, concurrently with such replacement, (i) another bank or
other entity which is reasonably satisfactory to the Borrower and the Agent
shall agree, as of such date, to purchase for cash the Advances and other
Obligations due to the Affected Lender pursuant to an assignment substantially
in the form of EXHIBIT C and to become a Lender for all purposes under this
Agreement and to assume all obligations of the Affected Lender to be terminated
as of such date and to comply with the requirements of SECTION 12.3 applicable
to assignments, and (ii) the Borrower shall pay to such Affected Lender in same
day funds on the day of such replacement (A) all interest, fees and other
amounts then accrued but unpaid to such Affected Lender by the Borrower
hereunder to and including the date of termination, including without limitation
payments due to such Affected Lender under SECTIONS 3.1, 3.2 and 3.5, and (B) an
amount, if any, equal to the payment which would have been due to such Lender on
the day of such replacement under SECTION 3.4 had the Loans of such Affected
Lender been prepaid on such date rather than sold to the replacement Lender.

                                  ARTICLE III
                             YIELD PROTECTION; TAXES

     3.1.    YIELD PROTECTION. If, on or after the date of this Agreement, the
adoption of any law or any governmental or quasi-governmental rule, regulation,
policy, guideline or directive (whether or not having the force of law), or any
change in the interpretation or administration thereof by any governmental or
quasi-governmental authority, central bank or comparable agency charged with the
interpretation or administration thereof, or compliance by any Lender or
applicable Lending Installation with any request or directive (whether or not
having the force of law) of any such authority, central bank or comparable
agency:

               (a)  subjects any Lender or any applicable Lending Installation
     to any Taxes, or changes the basis of taxation of payments (other than with
     respect to Excluded Taxes) to any Lender in respect of its Eurodollar
     Loans, or

               (b)  imposes or increases or deems applicable any reserve,
     assessment, insurance charge, special deposit or similar requirement
     against assets of, deposits with or for the account of, or credit extended
     by, any Lender or any applicable Lending Installation (other than reserves
     and assessments taken into account in determining the interest rate
     applicable to Eurodollar Advances), or

               (c)  imposes any other condition the result of which is to
     increase the cost to any Lender or any applicable Lending Installation of
     making, funding or maintaining its Eurodollar Loans or reduces any amount
     receivable by any Lender or any applicable Lending Installation in
     connection with its Eurodollar Loans, or requires any Lender or any
     applicable Lending Installation to make any payment calculated by reference
     to the amount of Eurodollar Loans held or interest received by it, by an
     amount deemed material by such Lender,

and the result of any of the foregoing is to increase the cost to such Lender or
applicable Lending Installation of making or maintaining its Eurodollar Loans or
Commitment or to reduce the

                                      -20-
<Page>

return received by such Lender or applicable Lending Installation in connection
with such Eurodollar Loans or Commitment, then, within fifteen (15) days of
demand by such Lender, the Borrower shall pay such Lender such additional amount
or amounts as will compensate such Lender for such increased cost or reduction
in amount received.

     3.2.    CHANGES IN CAPITAL ADEQUACY REGULATIONS. If a Lender determines the
amount of capital required or expected to be maintained by such Lender, any
Lending Installation of such Lender or any corporation controlling such Lender
is increased as a result of a Change, then, within fifteen (15) days of demand
by such Lender, the Borrower shall pay such Lender the amount necessary to
compensate for any shortfall in the rate of return on the portion of such
increased capital which such Lender determines is attributable to this
Agreement, its Loans or its Commitment to make Loans hereunder (after taking
into account such Lender's policies as to capital adequacy). "CHANGE" means (a)
any change after the date of this Agreement in the Risk-Based Capital Guidelines
or (b) any adoption of or change in any other law, governmental or
quasi-governmental rule, regulation, policy, guideline, interpretation, or
directive (whether or not having the force of law) after the date of this
Agreement which affects the amount of capital required or expected to be
maintained by any Lender or any Lending Installation or any Person controlling
any Lender. "RISK-BASED CAPITAL GUIDELINES" means (a) the risk-based capital
guidelines in effect in the United States on the date of this Agreement,
including transition rules, and (b) the corresponding capital regulations
promulgated by regulatory authorities outside the United States implementing the
July 1988 report of the Basle Committee on Banking Regulation and Supervisory
Practices entitled "International Convergence of Capital Measurements and
Capital Standards," including transition rules, and any amendments to such
regulations adopted prior to the date of this Agreement.

     3.3.    AVAILABILITY OF TYPES OF ADVANCES. If any Lender determines that
maintenance of its Eurodollar Loans at a suitable Lending Installation would
violate any applicable law, rule, regulation, interpretation or directive,
whether or not having the force of law, or if the Required Lenders determine
that (a) deposits of a type and maturity appropriate to match fund Eurodollar
Advances are not available or (b) the interest rate applicable to Eurodollar
Advances does not accurately or fairly reflect the cost of making or maintaining
Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar
Advances and require any affected Eurodollar Advances to be repaid or converted
to Alternate Base Rate Advances, subject to the payment of any funding
indemnification amounts required by SECTION 3.4.

     3.4.    FUNDING INDEMNIFICATION. If any payment of a Eurodollar Advance
occurs on a date prior to the last day of the applicable Interest Period,
whether because of acceleration, prepayment or otherwise, or a Eurodollar
Advance is not made on the date specified by the Borrower for any reason other
than default by the Lenders, the Borrower will indemnify each Lender for any
loss or cost incurred by it resulting therefrom, including, without limitation,
any loss or cost in liquidating or employing deposits acquired to fund or
maintain such Eurodollar Advance.

     3.5.    TAXES. (a) All payments by the Borrower to or for the account of
any Lender or the Agent hereunder or under any Note shall be made free and clear
of and without deduction for

                                      -21-
<Page>

any and all Taxes. If the Borrower shall be required by law to deduct any Taxes
from or in respect of any sum payable hereunder to any Lender or the Agent, (i)
the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable
under this SECTION 3.5) such Lender or the Agent (as the case may be) receives
an amount equal to the sum it would have received had no such deductions been
made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay
the full amount deducted to the relevant authority in accordance with applicable
law and (iv) the Borrower shall furnish to the Agent the original copy of a
receipt evidencing payment thereof within thirty (30) days after such payment is
made.

               (b)  In addition, the Borrower hereby agrees to pay any present
     or future stamp or documentary taxes and any other excise or property
     taxes, charges or similar levies which arise from any payment made
     hereunder or under any Note or from the execution or delivery of, or
     otherwise with respect to, this Agreement or any Note ("OTHER TAXES").

               (c)  The Borrower hereby agrees to indemnify the Agent and each
     Lender for the full amount of Taxes or Other Taxes (including, without
     limitation, any Taxes or Other Taxes imposed on amounts payable under this
     SECTION 3.5) paid by the Agent or such Lender and any liability (including
     penalties, interest and expenses) arising therefrom or with respect
     thereto. Payments due under this indemnification shall be made within
     thirty (30) days of the date the Agent or such Lender makes demand therefor
     pursuant to SECTION 3.6.

               (d)  Each Lender that is not incorporated under the laws of the
     United States of America or a state thereof (each a "NON-U.S. LENDER")
     agrees that it will, not more than ten (10) Business Days after the date of
     this Agreement, (i) deliver to each of the Borrower and the Agent two duly
     completed copies of United States Internal Revenue Service Form W-8BEN or
     W-8ECI, certifying in either case that such Lender is entitled to receive
     payments under this Agreement without deduction or withholding of any
     United States federal income taxes, and (ii) deliver to each of the
     Borrower and the Agent a United States Internal Revenue Form W-8 or W-9, as
     the case may be, and certify that it is entitled to an exemption from
     United States backup withholding tax. Each Non-U.S. Lender further
     undertakes, to the extent lawful at such time, to deliver to each of the
     Borrower and the Agent (x) renewals or additional copies of such form (or
     any successor form) on or before the date that such form expires or becomes
     obsolete, and (y) after the occurrence of any event requiring a change in
     the most recent forms so delivered by it, such additional forms or
     amendments thereto as may be reasonably requested by the Borrower or the
     Agent. All forms or amendments described in the preceding sentence shall
     certify that such Lender is entitled to receive payments under this
     Agreement without deduction or withholding of any United States federal
     income taxes, UNLESS an event (including without limitation any change in
     treaty, law or regulation) has occurred prior to the date on which any such
     delivery would otherwise be required which renders all such forms
     inapplicable or which would prevent such Lender from duly completing and
     delivering any such form or amendment with respect to it and such Lender
     advises

                                      -22-
<Page>

     the Borrower and the Agent that it is not capable of receiving payments
     without any deduction or withholding of United States federal income tax.

               (e)  For any period during which a Non-U.S. Lender has failed to
     provide the Borrower with an appropriate form pursuant to CLAUSE (d), above
     (unless such failure is due to a change in treaty, law or regulation, or
     any change in the interpretation or administration thereof by any
     governmental authority, occurring subsequent to the date on which a form
     originally was required to be provided), such Non-U.S. Lender shall not be
     entitled to indemnification under this SECTION 3.5 with respect to Taxes
     imposed by the United States; PROVIDED that, should a Non-U.S. Lender which
     is otherwise exempt from or subject to a reduced rate of withholding tax
     become subject to Taxes because of its failure to deliver a form required
     under CLAUSE (d), above, the Borrower shall take such steps as such
     Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to
     recover such Taxes.

               (f)  Any Lender that is entitled to an exemption from or
     reduction of withholding tax with respect to payments under this Agreement
     or any Note pursuant to the law of any relevant jurisdiction or any treaty
     shall deliver to the Borrower (with a copy to the Agent), at the time or
     times prescribed by applicable law, such properly completed and executed
     documentation prescribed by applicable law as will permit such payments to
     be made without withholding or at a reduced rate.

               (g)  If the U.S. Internal Revenue Service or any other
     governmental authority of the United States or any other country or any
     political subdivision thereof asserts a claim that the Agent did not
     properly withhold tax from amounts paid to or for the account of any Lender
     (because the appropriate form was not delivered or properly completed,
     because such Lender failed to notify the Agent of a change in circumstances
     which rendered its exemption from withholding ineffective, or for any other
     reason not caused by or constituting gross negligence or willful misconduct
     of the Agent), such Lender shall indemnify the Agent fully for all amounts
     paid, directly or indirectly, by the Agent as tax, withholding therefor, or
     otherwise, including penalties and interest, and including taxes imposed by
     any jurisdiction on amounts payable to the Agent under this subsection,
     together with all reasonable costs and expenses related thereto (including
     reasonable attorneys fees and reasonable time charges of attorneys for the
     Agent, which attorneys may be employees of the Agent). The obligations of
     the Lenders under this SECTION 3.5(g) shall survive the payment of the
     Obligations and termination of this Agreement.

     3.6.    LENDER STATEMENTS; SURVIVAL OF INDEMNITY. To the extent reasonably
possible, each Lender shall designate an alternate Lending Installation with
respect to its Eurodollar Loans to reduce any liability of the Borrower to such
Lender under SECTIONS 3.1, 3.2 and 3.5 or to avoid the unavailability of
Eurodollar Advances under SECTION 3.3, so long as such designation is not, in
the judgment of such Lender, disadvantageous to such Lender. Each Lender shall
deliver a written statement of such Lender to the Borrower (with a copy to the
Agent) as to the amount due, if any, under SECTION 3.1, 3.2, 3.4 or 3.5. Such
written statement shall set forth in

                                      -23-
<Page>

reasonable detail the calculations upon which such Lender determined such amount
and shall be final, conclusive and binding on the Borrower in the absence of
manifest error. The Borrower shall have no obligation to reimburse, compensate
or indemnify any Lender with respect to a claim under this ARTICLE III if the
Lender fails to deliver such written statement within 180 days after the date on
which the Lender becomes aware of the event or occurrence giving rise to such
claim. Determination of amounts payable under such Sections in connection with a
Eurodollar Loan shall be calculated as though each Lender funded its Eurodollar
Loan through the purchase of a deposit of the type and maturity corresponding to
the deposit used as a reference in determining the Eurodollar Rate applicable to
such Loan, whether in fact that is the case or not. Unless otherwise provided
herein, the amount specified in the written statement of any Lender shall be
payable on demand after receipt by the Borrower of such written statement. The
obligations of the Borrower under SECTIONS 3.1, 3.2, 3.4 and 3.5 shall survive
payment of the Obligations and termination of this Agreement.

                                   ARTICLE IV
                              CONDITIONS PRECEDENT

     4.1.    EFFECTIVENESS. This Agreement shall not become effective unless and
until the Borrower has furnished the following to the Agent with sufficient
copies for the Lenders and the other conditions set forth below have been
satisfied:

               (a)  CHARTER DOCUMENTS; GOOD STANDING CERTIFICATES. Copies of the
certificate of incorporation of the Borrower, together with all amendments
thereto, both certified by the appropriate governmental officer in its
jurisdiction of incorporation, together with a good standing certificate issued
by the Secretary of State of the jurisdiction of its incorporation and such
other jurisdictions as shall be requested by the Agent.

               (b)  BY-LAWS AND RESOLUTIONS. Copies, certified by the Secretary
or Assistant Secretary of the Borrower, of its by-laws and of its Board of
Directors' resolutions authorizing the execution, delivery and performance of
the Loan Documents by the Borrower.

               (c)  SECRETARY'S CERTIFICATE. An incumbency certificate, executed
by the Secretary or Assistant Secretary of the Borrower, which shall identify by
name and title and bear the signature of the officers of the Borrower authorized
to sign the Loan Documents and to make borrowings hereunder, upon which
certificate the Agent and the Lenders shall be entitled to rely until informed
of any change in writing by the Borrower.

               (d)  OFFICER'S CERTIFICATE. A certificate, dated the date of this
Agreement, signed by an Authorized Officer of the Borrower, in form and
substance satisfactory to the Agent, to the effect that: (i) on such date (both
before and after giving effect to the making of any Loans hereunder on such
date) no Default or Unmatured Default has occurred and is continuing; (ii) each
of the representations and warranties set forth in ARTICLE V of this Agreement
is true and correct on and as of such date; and (iii) since December 31, 2000 no
event or change has occurred that has caused or evidences a Material Adverse
Effect.

                                      -24-
<Page>

               (e)  LEGAL OPINIONS. Written opinions of internal counsel to the
Borrower and of Sidley Austin Brown & Wood, special counsel to the Borrower,
addressed to the Agent and the Lenders in form and substance acceptable to the
Agent and its counsel.

               (f)  NOTES. Any Notes requested by a Lender pursuant to SECTION
2.13 payable to the order of each such requesting Lender.

               (g)  LOAN DOCUMENTS. Executed originals of this Agreement and
each of the Loan Documents, which shall be in full force and effect, together
with all schedules, exhibits, certificates, instruments, opinions, documents and
financial statements required to be delivered pursuant hereto and thereto.

               (h)  LETTERS OF DIRECTION. Written money transfer instructions in
form and substance acceptable to the Agent and its counsel addressed to the
Agent and signed by an Authorized Officer, together with such other related
money transfer authorizations as the Agent may have reasonably requested.

               (i)  PAYMENT OF FEES. The Borrower shall have paid all fees due
to Bank One under the fee letter dated November 28, 2001.

               (j)  EXISTING CREDIT AGREEMENTS. The Existing Credit Agreements
shall have expired or been terminated and all amounts owing thereunder
(including all principal, interest and accrued fees) shall have been paid (or
shall contemporaneously be paid) in full.

               (k)  OTHER. Such other documents as the Agent, any Lender or
their counsel may have reasonably requested.

     4.2.    EACH ADVANCE. The Lenders shall not be required to make any Advance
unless on the applicable Borrowing Date:

               (a)  There exists no Default or Unmatured Default and none would
result from such Advance;

               (b)  The representations and warranties contained in ARTICLE V
(other than SECTION 5.6) are true and correct as of such Borrowing Date;

               (c)  A Borrowing Notice shall have been properly submitted; and

               (d)  All legal matters incident to the making of such Advance
shall be satisfactory to the Lenders and their counsel.

     Each Borrowing Notice with respect to each such Advance shall constitute a
representation and warranty by the Borrower that the conditions contained in
SECTION 4.2 have been satisfied. Any Lender may require a duly completed
compliance certificate in substantially the form of EXHIBIT B hereto as a
condition to making an Advance.

                                      -25-
<Page>

                                    ARTICLE V
                         REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Lenders that:

     5.1.    CORPORATE EXISTENCE AND STANDING. Each of the Borrower and its
Subsidiaries is a corporation duly and properly incorporated, validly existing
and in good standing under the laws of its jurisdiction of incorporation and is
duly qualified and in good standing as a foreign corporation and is duly
authorized to conduct its business in each jurisdiction in which its business is
conducted or proposed to be conducted except where failure to be so qualified or
authorized could not reasonably be expected to have a Material Adverse Effect.

     5.2.    AUTHORIZATION AND VALIDITY. The Borrower has all requisite power
and authority (corporate and otherwise) and legal right to execute and deliver
each of the Loan Documents and to perform its obligations thereunder. The
execution and delivery by the Borrower of the Loan Documents and the performance
of its obligations thereunder have been duly authorized by proper corporate
proceedings and the Loan Documents constitute legal, valid and binding
obligations of the Borrower enforceable against the Borrower, in accordance with
their terms, except as enforceability may be limited by bankruptcy, insolvency
or similar laws affecting the enforcement of creditors' rights generally.

     5.3.    COMPLIANCE WITH LAWS AND CONTRACTS. The Borrower and its
Subsidiaries have complied in all material respects with all applicable
statutes, rules, regulations, orders and restrictions of any domestic or foreign
government or any instrumentality or agency thereof, having jurisdiction over
the conduct of their respective businesses or the ownership of their respective
properties, except where the failure to so comply could not reasonably be
expected to have a Material Adverse Effect. Neither the execution and delivery
by the Borrower of the Loan Documents, the application of the proceeds of the
Loans, or any other transaction contemplated in the Loan Documents, nor
compliance with the provisions of the Loan Documents will, or at the relevant
time did, (a) violate any law, rule, regulation (including Regulation U), order,
writ, judgment, injunction, decree or award binding on the Borrower or any
Subsidiary or the Borrower's or any Subsidiary's charter, articles or
certificate of incorporation or by-laws, (b) violate the provisions of or
require the approval or consent of any party to any indenture, instrument or
agreement to which the Borrower or any Subsidiary is a party or is subject, or
by which it, or its property, is bound, or conflict with or constitute a default
thereunder, or result in the creation or imposition of any Lien (other than
Liens permitted by the Loan Documents) in, of or on the property of the Borrower
or any Subsidiary pursuant to the terms of any such indenture, instrument or
agreement, or (c) require any consent of the stockholders of any Person, except
for any violation of, or failure to obtain an approval or consent required
under, any such indenture, instrument or agreement that could not reasonably be
expected to have a Material Adverse Effect.

     5.4.    GOVERNMENTAL CONSENTS. No order, consent, approval, qualification,
license, authorization, or validation of, or filing, recording or registration
with, or exemption by, or other action in respect of, any court, governmental or
public body or authority, or any subdivision

                                      -26-
<Page>

thereof, any securities exchange or other Person is or at the relevant time was
required to authorize, or is or at the relevant time was required in connection
with the execution, delivery, consummation or performance of, or the legality,
validity, binding effect or enforceability of, any of the Loan Documents, the
application of the proceeds of the Loans or any other transactions contemplated
in the Loan Documents. Neither the Borrower nor any Subsidiary is in default
under or in violation of any foreign, federal, state or local law, rule,
regulation, order, writ, judgment, injunction, decree or award binding upon or
applicable to the Borrower or such Subsidiary, in each case the consequence of
which default or violation could reasonably be expected to have a Material
Adverse Effect.

     5.5.    FINANCIAL STATEMENTS. The Borrower has heretofore furnished to each
of the Lenders (a) the December 31, 2000 audited consolidated financial
statements of the Borrower and its Subsidiaries, and (b) the unaudited
consolidated financial statements of the Borrower and its Subsidiaries through
September 30, 2001 (collectively, the "FINANCIAL STATEMENTS"). Each of the
Financial Statements was prepared in accordance with Agreement Accounting
Principles and fairly presents the consolidated financial condition and
operations of the Borrower and its Subsidiaries at such dates and the
consolidated results of their operations for the respective periods then ended
(except, in the case of such unaudited statements, for normal year-end audit
adjustments).

     5.6.    MATERIAL ADVERSE CHANGE. Since December 31, 2000, there has been no
change in the business, Property, condition (financial or otherwise),
performance, prospects or results of operations of the Borrower and its
Subsidiaries taken as a whole which could reasonably be expected to have a
Material Adverse Effect.

     5.7.    TAXES. The Borrower and its Subsidiaries have filed or caused to be
filed on a timely basis and in correct form all United States federal, state and
other material tax returns which are required to be filed and have paid all
taxes due pursuant to said returns or pursuant to any assessment received by the
Borrower or any Subsidiary, except such taxes, if any, as are being contested in
good faith and as to which adequate reserves have been provided in accordance
with Agreement Accounting Principles and as to which no Lien exists. As of the
date hereof, the United States income tax returns of the Borrower on a
consolidated basis have been audited by the Internal Revenue Service through its
Fiscal Year ending December 31, 1989. No tax liens have been filed and no claims
are being asserted with respect to any such taxes which could reasonably be
expected to have a Material Adverse Effect. The charges, accruals and reserves
on the books of the Borrower and its Subsidiaries in respect of any taxes or
other governmental charges are in accordance with Agreement Accounting
Principles.

     5.8.    LITIGATION AND CONTINGENT OBLIGATIONS. There is no litigation,
arbitration, proceeding, inquiry or governmental investigation (including,
without limitation, by the Federal Trade Commission) pending or, to the
knowledge of any of their officers, threatened against or affecting the Borrower
or any Subsidiary or any of their respective Properties that could reasonably be
expected to have a Material Adverse Effect or to prevent, enjoin or unduly delay
the making of the Loans under this Agreement.

                                      -27-
<Page>

     5.9.    ERISA. The Unfunded Liability of all Single Employer Plans does not
in the aggregate exceed twenty percent (20%) of the Total Plan Liability for all
Single Employer Plans. Neither the Borrower nor any other member of the
Controlled Group maintains, or is obligated to contribute to, any Multiemployer
Plan or has incurred, or is reasonably expected to incur, any withdrawal
liability to any Multiemployer Plan. Each Plan complies in all material respects
with all applicable requirements of law and regulations. Neither the Borrower
nor any member of the Controlled Group has, with respect to any Plan, failed to
make any contribution or pay any amount required under Section 412 of the Code
or Section 302 of ERISA or the terms of such Plan which could reasonably be
expected to have a Material Adverse Effect. There are no pending or, to the
knowledge of the Borrower, threatened claims, actions, investigations or
lawsuits against any Plan, any fiduciary thereof, or the Borrower or any member
of the Controlled Group with respect to a Plan which could reasonably be
expected to have a Material Adverse Effect. Neither the Borrower nor any member
of the Controlled Group has engaged in any prohibited transaction (as defined in
Section 4975 of the Code or Section 406 of ERISA) in connection with any Plan
which would subject such Person to any material liability. Within the last five
(5) years neither the Borrower nor any member of the Controlled Group has
engaged in a transaction which resulted in a Single Employer Plan with an
Unfunded Liability being transferred out of the Controlled Group which could
reasonably be expected to have a Material Adverse Effect. No Termination Event
has occurred or is reasonably expected to occur with respect to any Plan which
is subject to Title IV of ERISA which could reasonably be expected to have a
Material Adverse Effect.

     5.10.   DEFAULTS. No Default or Unmatured Default has occurred and is
continuing.

     5.11.   REGULATION U. Margin Stock constitutes less than 25% of those
assets of the Borrower and its Subsidiaries which are subject to any limitation
on sale, pledge or other restriction hereunder. Neither the Borrower nor any
Subsidiary is engaged, directly or indirectly, principally, or as one of its
important activities, in the business of extending, or arranging for the
extension of, credit for the purpose of purchasing or carrying Margin Stock. No
part of the proceeds of any Loan will be used in a manner which would violate,
or result in a violation of, Regulation U. Neither the making of any Advance
hereunder nor the use of the proceeds thereof will violate or be inconsistent
with the provisions of Regulation U.

     5.12.   INVESTMENT COMPANY; PUBLIC UTILITY HOLDING COMPANY. Neither the
Borrower nor any Subsidiary is, or after giving effect to any Advance will be,
an "investment company" or a company "controlled" by an "investment company"
within the meaning of the Investment Company Act of 1940, as amended. Neither
the Borrower nor any Subsidiary is a "holding company", or an "affiliate" of a
"holding company" or of a "subsidiary company" of a "holding company", within
the meaning of the Public Utility Holding Company Act of 1935, as amended.

     5.13.   OWNERSHIP OF PROPERTIES. As of the date of this Agreement, the
Borrower and its Subsidiaries have a subsisting leasehold interest in, or good
and marketable title, free of all Liens, other than those permitted by SECTION
6.12 or by any of the other Loan Documents, to all of the properties and assets
reflected in the Financial Statements as being owned by it, except for assets
sold, transferred or otherwise disposed of in the ordinary course of business or
as required

                                      -28-
<Page>

by or in connection with the CSC Spin-Off (provided that such sale, transfer or
other disposal in connection with the CSC Spin-Off could not reasonably be
expected to have a Material Adverse Effect) since the date thereof. The Borrower
and its Subsidiaries own or possess rights to use all licenses, patents, patent
applications, copyrights, service marks, trademarks and trade names necessary to
continue to conduct their business as heretofore conducted, and no such license,
patent or trademark has been declared invalid, been limited by order of any
court or by agreement or is the subject of any infringement, interference or
similar proceeding or challenge, except for proceedings and challenges which
could not reasonably be expected to have a Material Adverse Effect.

     5.14.   MATERIAL AGREEMENTS. Neither the Borrower nor any Subsidiary is a
party to any agreement or instrument or subject to any charter or other
corporate restriction which could reasonably be expected to have a Material
Adverse Effect or which restricts or imposes conditions upon the ability of any
Subsidiary to (a) pay dividends or make other distributions on its capital
stock, (b) make loans or advances to the Borrower or (c) repay loans or advances
from the Borrower. Neither the Borrower nor any Subsidiary is in default in the
performance, observance or fulfillment of any of the obligations, covenants or
conditions contained in any agreement to which it is a party, which default
could reasonably be expected to have a Material Adverse Effect.

     5.15.   ENVIRONMENTAL LAWS. There are no claims, investigations,
litigation, administrative proceedings, notices, requests for information (each
a "PROCEEDING"), whether pending or threatened, or judgments or orders asserting
violations of applicable federal, state and local environmental, health and
safety statutes, regulations, ordinances, codes, rules, orders, decrees,
directives and standards ("ENVIRONMENTAL LAWS") or relating to any toxic or
hazardous waste, substance or chemical or any pollutant, contaminant, chemical
or other substance defined or regulated pursuant to any Environmental Law,
including, without limitation, asbestos, petroleum, crude oil or any fraction
thereof ("HAZARDOUS MATERIALS") asserted against the Borrower or any of its
Subsidiaries which, in any case, could reasonably be expected to have a Material
Adverse Effect. Neither the Borrower nor any Subsidiary has caused or permitted
any Hazardous Materials to be released, either on or under real property,
currently or formerly, legally or beneficially owned or operated by the Borrower
or any Subsidiary or on or under real property to which the Borrower or any of
its Subsidiaries transported, arranged for the transport or disposal of, or
disposed of Hazardous Materials, which release could reasonably be expected to
have a Material Adverse Effect.

     5.16.   INSURANCE. The Borrower and its Subsidiaries maintain, with
financially sound and reputable insurance companies, insurance on their Property
in such amounts and covering such risks as is consistent with sound business
practice.

     5.17.   INSURANCE LICENSES. No material license, permit or authorization of
the Borrower or any Subsidiary to engage in the business of insurance or
insurance-related activities is the subject of a proceeding for suspension or
revocation, except where such suspension or revocation would not individually or
in the aggregate have a Material Adverse Effect.

                                      -29-
<Page>

     5.18.   SOLVENCY. Immediately after the consummation of the CSC Spin-Off
and the making of any Loans related thereto, (a) the fair value of the assets of
the Post-Spin-Off Group on a consolidated basis, at a fair valuation, will
exceed the debts and liabilities, subordinated, contingent or otherwise, of the
Post-Spin-Off Group on a consolidated basis; (b) the present fair saleable value
of the Property of the Post-Spin-Off Group on a consolidated basis will be
greater than the amount that will be required to pay the probable liability of
the Post-Spin-Off Group on a consolidated basis on their debts and other
liabilities, subordinated, contingent or otherwise, as such debts and other
liabilities become absolute and matured; (c) the Post-Spin-Off Group on a
consolidated basis will be able to pay their debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured; and (d) the Post-Spin-Off Group on a consolidated basis
will not have unreasonably small capital with which to conduct the businesses in
which they are engaged as such businesses are now conducted and as proposed to
be conducted taking into account the CSC Spin-Off.

     5.19.   DISCLOSURE. None of the (a) information, exhibits or reports
furnished or to be furnished by the Borrower or any Subsidiary to the Agent or
to any Lender in connection with the negotiation of the Loan Documents, or (b)
representations or warranties of the Borrower or any Subsidiary contained in
this Agreement, the other Loan Documents, or any other document, certificate or
written statement furnished to the Agent or the Lenders by or on behalf of the
Borrower or any Subsidiary for use in connection with the transactions
contemplated by this Agreement, as the case may be, contained, contains or will
contain any untrue statement of a material fact or omitted, omits or will omit
to state a material fact necessary in order to make the statements contained
herein or therein not misleading in light of the circumstances in which the same
were made. As of the date hereof, there is no fact known to the Borrower (other
than matters of a general economic nature) that has had or could reasonably be
expected to have a Material Adverse Effect and that has not been disclosed
herein or in such other documents, certificates and statements furnished to the
Lenders for use in connection with the transactions contemplated by this
Agreement.

                                   ARTICLE VI
                                    COVENANTS

     During the term of this Agreement, unless the Required Lenders shall
otherwise consent in writing:

     6.1.    FINANCIAL REPORTING. The Borrower will maintain, for itself and
each Subsidiary, a system of accounting established and administered in
accordance with generally accepted accounting principles, consistently applied,
and will furnish to the Lenders:

               (a)  As soon as practicable and in any event within ninety (90)
days after the close of each of its Fiscal Years, an unqualified audit report
certified by independent certified public accountants, acceptable to the
Lenders, prepared in accordance with Agreement Accounting Principles on a
consolidated basis for itself and its Subsidiaries, including balance sheets as
of the end of such period and related statements of income, retained earnings
and cash flows accompanied by (i) any management letter prepared by said
accountants and (ii) a

                                      -30-
<Page>

certificate of said accountants that, in the course of their examination
necessary for their certification of the foregoing, they have obtained no
knowledge of any Default or Unmatured Default, or if, in the opinion of such
accountants, any Default or Unmatured Default shall exist, stating the nature
and status thereof.

               (b)  As soon as practicable and in any event within 45 days after
the close of the first three Fiscal Quarters of each of its Fiscal Years, for
itself and its Subsidiaries, consolidated unaudited balance sheets as at the
close of each such period and consolidated statements of income, retained
earnings and cash flows for the period from the beginning of such Fiscal Year to
the end of such quarter, all certified by its chief financial officer.

               (c)  Together with the financial statements required by CLAUSES
(a) and (b) above, a compliance certificate in substantially the form of EXHIBIT
B hereto signed by its chief financial officer showing the calculations
necessary to determine compliance with this Agreement and stating that no
Default or Unmatured Default exists, or if any Default or Unmatured Default
exists, stating the nature and status thereof.

               (d)  Within 270 days after the close of each Fiscal Year, a
statement of the Unfunded Liabilities of each Single Employer Plan, certified as
correct by an actuary enrolled under ERISA.

               (e)  As soon as possible and in any event within ten (10) days
after the Borrower knows that any Termination Event has occurred with respect to
any Plan, a statement, signed by the chief financial officer of the Borrower,
describing said Termination Event and the action which the Borrower proposes to
take with respect thereto.

               (f)  As soon as possible and in any event within ten (10) days
after the Borrower learns thereof, notice of the assertion or commencement of
any claims, action, suit or proceeding against or affecting the Company or any
Subsidiary which may reasonably be expected to have a Material Adverse Effect.

               (g)  Promptly upon learning thereof, notice of any change in the
credit rating of the Borrower's senior unsecured long term debt by S&P or
Moody's.

               (h)  Promptly upon the furnishing thereof to the shareholders of
the Borrower, copies of all financial statements, reports and proxy statements
so furnished.

               (i)  Promptly upon the filing thereof, copies of all registration
statements and annual, quarterly, monthly or other regular reports which the
Borrower or any of its Subsidiaries files with the Securities and Exchange
Commission.

               (j)  Promptly upon learning thereof, notice of the completion of
the CSC Spin-Off.

                                      -31-
<Page>

               (k)  Such other information (including, without limitation,
non-financial information) as the Agent or any Lender may from time to time
reasonably request.

     6.2.    USE OF PROCEEDS. The Borrower will, and will cause each Subsidiary
to, use the proceeds of the Advances to meet the general corporate needs of the
Borrower and its Subsidiaries, including commercial paper support. The Borrower
will not, nor will it permit any Subsidiary to, use any of the proceeds of the
Advances to purchase or carry any "margin stock" (as defined in Regulation U) or
to finance the acquisition of any Person which has not been approved and
recommended by the board of directors (or functional equivalent thereof) of such
Person.

     6.3.    NOTICE OF DEFAULT. The Borrower will give prompt notice in writing
to the Lenders of the occurrence of (a) any Default or Unmatured Default and (b)
of any other event or development, financial or other, relating specifically to
the Borrower or any of its Subsidiaries (and not of a general economic or
political nature) which could reasonably be expected to have a Material Adverse
Effect.

     6.4.    CONDUCT OF BUSINESS. The Borrower will, and will cause each
Subsidiary to, carry on and conduct its business in substantially the same
manner and in substantially the same fields of enterprise as it is presently
conducted and to do all things necessary to remain duly incorporated, validly
existing and in good standing as a domestic corporation in its jurisdiction of
incorporation and maintain all requisite authority to conduct its business in
each jurisdiction in which its business is conducted; PROVIDED, HOWEVER, that
nothing in this SECTION 6.4 shall prohibit (a) the dissolution or sale, transfer
or other disposition of any Subsidiary that is not otherwise prohibited by this
Agreement or (b) the occurrence of the CSC Spin-Off and the provision of the
Transitional Services.

     6.5.    TAXES. The Borrower will, and will cause each Subsidiary to, timely
file complete and correct United States federal and applicable foreign, state
and local tax returns required by applicable law and pay when due all taxes,
assessments and governmental charges and levies upon it or its income, profits
or Property, except those which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves have been set aside.

     6.6.    INSURANCE. The Borrower will, and will cause each Subsidiary to,
maintain with financially sound and reputable insurance companies insurance on
all their Property in such amounts and covering such risks as is consistent with
sound business practice, and the Borrower will furnish to the Agent and any
Lender upon request full information as to the insurance carried.

     6.7.    COMPLIANCE WITH LAWS. The Borrower will, and will cause each
Subsidiary to, comply with all laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards to which it may be subject, the
failure to comply with which could reasonably be expected to have a Material
Adverse Effect.

                                      -32-
<Page>

     6.8.    MAINTENANCE OF PROPERTIES. The Borrower will, and will cause each
Subsidiary to, do all things necessary to maintain, preserve, protect and keep
its Property in good repair, working order and condition, and make all necessary
and proper repairs, renewals and replacements so that its business carried on in
connection therewith may be properly conducted at all times.

     6.9.    INSPECTION. The Borrower will, and will cause each Subsidiary to,
permit the Agent and the Lenders, by their respective representatives and
agents, to inspect any of the Property, corporate books and financial records of
the Borrower and each Subsidiary, to examine and make copies of the books of
accounts and other financial records of the Borrower and each Subsidiary, and to
discuss the affairs, finances and accounts of the Borrower and each Subsidiary
with, and to be advised as to the same by, their respective officers at such
reasonable times and intervals as the Lenders may designate. The Borrower will
keep or cause to be kept, and cause each Subsidiary to keep or cause to be kept,
appropriate records and books of account in which complete entries are to be
made reflecting its and their business and financial transactions, such entries
to be made in accordance with Agreement Accounting Principles consistently
applied.

     6.10.   CAPITAL STOCK AND DIVIDENDS. So long as any Default or Unmatured
Default has occurred and is continuing, the Borrower will not declare or pay any
dividends or make any distributions on its capital stock (other than dividends
payable in its own capital stock) or redeem, repurchase or otherwise acquire or
retire any of its capital stock or any options or other rights in respect
thereof at any time outstanding, other than any such dividend or distribution
required in connection with the CSC Spin-Off; PROVIDED that no such dividend or
distribution could reasonably be expected to have a Material Adverse Effect.

     6.11.   MERGER. Except with respect to any transaction or step required in
connection with the CSC Spin-Off (provided that no such transaction or step
could reasonably be expected to have a Material Adverse Effect), the Borrower
will not, nor will it permit any Subsidiary to, merge or consolidate with or
into any other Person, except that (a) a Wholly-Owned Subsidiary may merge into
the Borrower or any Wholly-Owned Subsidiary of the Borrower, (b) the Borrower or
any Subsidiary may merge or consolidate with any other Person so long as the
Borrower or such Subsidiary is the continuing or surviving corporation and,
prior to and after giving effect to such merger or consolidation, no Default or
Unmatured Default shall exist, and (c) any Subsidiary may enter into a merger or
consolidation as a means of effecting a disposition or acquisition which would
not result in a Default or Unmatured Default.

     6.12.   LIENS. The Borrower will not, nor will it permit any Subsidiary to,
create, incur, or suffer to exist any Lien in, of or on the Property of the
Borrower or any of its Subsidiaries, except:

               (a)  Liens for taxes, assessments or governmental charges or
levies on its Property if the same shall not at the time be delinquent or
thereafter can be paid without penalty, or are being contested in good faith and
by appropriate proceedings and for which adequate reserves in accordance with
generally accepted principles of accounting shall have been set aside on its
books;

                                      -33-
<Page>

               (b)  Liens imposed by law, such as carriers', warehousemen's and
mechanics' liens and other similar liens arising in the ordinary course of
business which secure the payment of obligations not more than sixty (60) days
past due or which are being contested in good faith by appropriate proceedings
and for which adequate reserves shall have been set aside on its books;

               (c)  Liens arising out of pledges or deposits under worker's
compensation laws, unemployment insurance, old age pensions, or other social
security or retirement benefits, or similar legislation;

               (d)  Utility easements, building restrictions and such other
encumbrances or charges against real property as are of a nature generally
existing with respect to properties of a similar character and which do not in
any material way affect the marketability of the same or interfere with the use
thereof in the business of the Borrower or the Subsidiaries;

               (e)  Encumbrances over and limited to the balance of credit
balances on bank accounts of the Borrower and its Subsidiaries created in order
to facilitate the operation of such bank accounts and other bank accounts of the
Borrower and its Subsidiaries on a net balance basis with credit balances and
debit balances on the various accounts being netted off for interest purposes;

               (f)  Any Lien arising by operation of law in the ordinary course
of trading in respect of any obligation which is less than sixty (60) days
overdue or which is being contested in good faith and by appropriate means and
for which adequate reserves have been made;

               (g)  Encumbrances created by any of the Borrower or its
Subsidiaries over deposits and investments in the ordinary course of such
Person's insurance and reinsurance trade to comply with the requirements of any
regulatory body of insurance or insurance broking business; and

               (h)  Other Liens securing an aggregate principal amount of
obligations at no time exceeding an amount equal to ten percent (10%) of
Consolidated Net Worth at such time; PROVIDED, HOWEVER that during any period
when the sum of (i) the aggregate principal amount of all obligations secured
pursuant to this SECTION 6.12(h) plus (ii) the aggregate Unfunded Liability of
all Single Employer Plans exceeds ten percent (10%) of Consolidated Net Worth,
the creation of additional Liens otherwise allowed hereunder shall be permitted
by this SECTION 6.12(h) only to the extent they secure an aggregate principal
amount of obligations not in excess of one percent (1%) of Consolidated Net
Worth.

     6.13.   AFFILIATES. The Borrower will not, and will not permit any
Subsidiary to, enter into any transaction (including, without limitation, the
purchase or sale of any Property or service) with, or make any payment or
transfer to, any Affiliate except (a) for transactions between the Borrower and
any Wholly-Owned Subsidiary of the Borrower or between Wholly-Owned Subsidiaries
of the Borrower, (b) in the ordinary course of business and pursuant to the
reasonable requirements of the Borrower's or such Subsidiary's business and upon
fair and

                                      -34-
<Page>

reasonable terms no less favorable to the Borrower or such Subsidiary than the
Borrower or such Subsidiary would obtain in a comparable arms-length transaction
and (c) as required in connection with the CSC Spin-Off; PROVIDED that no such
transaction, payment or transfer could reasonably be expected to have a Material
Adverse Effect.

     6.14.   CHANGE IN FISCAL YEAR. The Borrower shall not change its Fiscal
Year to end on any date other than December 31 of each year.

     6.15.   INCONSISTENT AGREEMENTS. The Borrower shall not, nor shall it
permit any Subsidiary to, enter into any indenture, agreement, instrument or
other arrangement which, (a) directly or indirectly prohibits or restrains, or
has the effect of prohibiting or restraining, or imposes materially adverse
conditions upon, the incurrence of the Obligations, the amending of the Loan
Documents or the ability of any Subsidiary to (i) pay dividends or make other
distributions on its capital stock, (ii) make loans or advances to the Borrower
or (iii) repay loans or advances from the Borrower or (b) contains any provision
which would be violated or breached by the making of Advances or by the
performance by the Borrower of any of its obligations under any Loan Document.

     6.16.   SALE OF ASSETS. Except with respect to any transaction or step
required in connection with the CSC Spin-Off (provided that no such transaction
or step could reasonably be expected to have a Material Adverse Effect), the
Borrower will not, nor will it permit any Subsidiary to, lease, sell or
otherwise dispose of Property which represents more than 25% of the consolidated
assets of the Borrower and its Subsidiaries, as would be shown in the
consolidated financial statements of the Borrower and its Subsidiaries as at the
end of the quarter immediately preceding the date on which such determination is
made, to any other Person(s) in any Fiscal Year.

     6.17.   Financial Covenants.

             6.17.1.   MINIMUM CONSOLIDATED NET WORTH. The Borrower shall at all
     times prior to the CSC Spin-Off maintain a minimum Consolidated Net Worth
     of at least $2,500,000,000 and shall at all times from and after the CSC
     Spin-Off maintain a minimum Consolidated Net Worth of at least
     $2,000,000,000.

             6.17.2.   CONSOLIDATED EBITDA TO CONSOLIDATED INTEREST EXPENSE. The
     Borrower will maintain, as at the last day of each of its fiscal quarters,
     a ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in
     each case calculated for the four fiscal quarters then ending, of not less
     than 4.0 to 1.0.

     6.18.   ERISA. The Borrower will (a) fulfill, and cause each member of the
Controlled Group to fulfill, its obligations under the minimum funding standards
of ERISA and the Code with respect to each Plan, except where a failure to
fulfill such obligations individually or in the aggregate could not reasonably
be expected to have a Material Adverse Effect, (b) comply, and cause each member
of the Controlled Group to comply, with all applicable provisions of ERISA and
the Code with respect to each Plan, except where such failure or noncompliance
individually

                                      -35-
<Page>

or in the aggregate would not have a Material Adverse Effect and (c) not, and
not permit any member of the Controlled Group to, (i) seek a waiver of the
minimum funding standards under ERISA, (ii) terminate or withdraw from any Plan
or (iii) take any other action with respect to any Plan which would reasonably
be expected to entitle the PBGC to terminate, impose liability in respect of, or
cause a trustee to be appointed to administer, any Plan, unless the actions or
events described in the foregoing clauses (i), (ii) or (iii) individually or in
the aggregate would not have a Material Adverse Effect.

                                   ARTICLE VII
                                    DEFAULTS

     The occurrence of any one or more of the following events shall constitute
a Default:

     7.1.    Any representation or warranty made or deemed made by or on behalf
of the Borrower or any of its Subsidiaries to the Lenders or the Agent under or
in connection with this Agreement, any other Loan Document, any Loan, or any
certificate or information delivered in connection with this Agreement or any
other Loan Document shall be false in any material respect on the date as of
which made or deemed made.

     7.2.    Nonpayment of (a) any principal of any Loan when due, or (b) any
interest upon any Loan or any facility fee, utilization fee or other fee or
obligations under any of the Loan Documents within five (5) days after the same
becomes due.

     7.3.    The breach by the Borrower of any of the terms or provisions of
SECTION 6.2, SECTION 6.3(a) or SECTIONS 6.10 through 6.18.

     7.4.    The breach by the Borrower (other than a breach which constitutes a
Default under SECTION 7.1, 7.2 or 7.3) of any of the terms or provisions of this
Agreement which is not remedied within twenty (20) days after written notice
from the Agent or any Lender.

     7.5.    Failure of the Borrower or any of its Subsidiaries to pay any
Indebtedness aggregating in excess of $25,000,000 when due; or the default by
the Borrower or any of its Subsidiaries in the performance of any term,
provision or condition contained in any agreement or agreements under which any
such Indebtedness was created or is governed, or the occurrence of any other
event or existence of any other condition, the effect of any of which is to
cause, or to permit the holder or holders of such Indebtedness to cause, such
Indebtedness to become due prior to its stated maturity; or any such
Indebtedness of the Borrower or any of its Subsidiaries shall be declared to be
due and payable or required to be prepaid (other than by a regularly scheduled
payment) prior to the stated maturity thereof.

     7.6.    The Borrower or any of its Subsidiaries shall (a) have an order for
relief entered with respect to it under the Federal bankruptcy laws as now or
hereafter in effect, (b) make an assignment for the benefit of creditors, (c)
apply for, seek, consent to, or acquiesce in, the appointment of a receiver,
custodian, trustee, examiner, liquidator or similar official for it or any
Substantial Portion of its Property, (d) institute any proceeding seeking an
order for relief under

                                      -36-
<Page>

the Federal bankruptcy laws as now or hereafter in effect or seeking to
adjudicate it a bankrupt or insolvent, or seeking dissolution, winding up,
liquidation, reorganization, arrangement, adjustment or composition of it or its
debts under any law relating to bankruptcy, insolvency or reorganization or
relief of debtors or fail to file an answer or other pleading denying the
material allegations of any such proceeding filed against it, (e) take any
corporate action to authorize or effect any of the foregoing actions set forth
in this SECTION 7.6, (f) fail to contest in good faith any appointment or
proceeding described in SECTION 7.7 or (g) become unable to pay, not pay, or
admit in writing its inability to pay, its debts generally as they become due.

     7.7.    Without the application, approval or consent of the Borrower or any
of its Subsidiaries, a receiver, trustee, examiner, liquidator or similar
official shall be appointed for the Borrower or any of its Subsidiaries or any
Substantial Portion of its Property, or a proceeding described in SECTION 7.6(d)
shall be instituted against the Borrower or any of its Subsidiaries and such
appointment continues undischarged or such proceeding continues undismissed or
unstayed for a period of sixty (60) consecutive days.

     7.8.    Any court, government or governmental agency shall condemn, seize
or otherwise appropriate, or take custody or control of (each a "CONDEMNATION"),
all or any portion of the Property of the Borrower and its Subsidiaries which,
when taken together with all other Property of the Borrower and its Subsidiaries
so condemned, seized, appropriated, or taken custody or control of, during the
twelve-month period ending with the month in which any such Condemnation occurs,
constitutes a Substantial Portion.

     7.9.    The Borrower or any of its Subsidiaries shall fail within thirty
(30) days to pay, bond or otherwise discharge any judgment or order for the
payment of money in excess of $25,000,000 (or multiple judgments or orders for
the payment of an aggregate amount in excess of $50,000,000), which is not
stayed on appeal or otherwise being appropriately contested in good faith and as
to which no enforcement actions have been commenced.

     7.10.   Any Change in Control shall occur.

     7.11.   The Unfunded Liabilities of all Single Employer Plans shall exceed
in the aggregate twenty percent (20%) of the Total Plan Liability for all Single
Employer Plans or any Termination Event shall occur in connection with any Plan
which could reasonably be expected to have a Material Adverse Effect.

                                  ARTICLE VIII
                 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES

     8.1.    ACCELERATION. If any Default described in SECTION 7.6 or 7.7 occurs
with respect to the Borrower, the obligations of the Lenders to make Loans
hereunder shall automatically terminate and the Obligations shall immediately
become due and payable without any election or action on the part of the Agent
or any Lender. If any other Default occurs, the Required Lenders (or the Agent
with the consent or upon the instruction of the Required Lenders) may terminate
or

                                      -37-
<Page>

suspend the obligations of the Lenders to make Loans hereunder, or declare the
Obligations to be due and payable, or both, whereupon the Obligations shall
become immediately due and payable, without presentment, demand, protest or
notice of any kind, all of which the Borrower hereby expressly waives.

     If, within ten (10) Business Days after acceleration of the maturity of the
Obligations or termination of the obligations of the Lenders to make Loans
hereunder as a result of any Default (other than any Default as described in
SECTION 7.6 or 7.7 with respect to the Borrower) and before any judgment or
decree for the payment of the Obligations due shall have been obtained or
entered, the Required Lenders (or, in the case of an acceleration and/or
termination upon the occurrence of a Default under SECTION 7.10, the Modified
Required Lenders), in their sole discretion, shall so direct, the Agent shall,
by notice to the Borrower, rescind and annul such acceleration and/or
termination.

     8.2.    AMENDMENTS. Subject to the provisions of this ARTICLE VIII, the
Required Lenders (or the Agent with the consent in writing of the Required
Lenders) and the Borrower may enter into agreements supplemental hereto for the
purpose of adding or modifying any provisions to the Loan Documents or changing
in any manner the rights of the Lenders or the Borrower hereunder or thereunder
or waiving any Default hereunder or thereunder; PROVIDED, HOWEVER, that no such
supplemental agreement shall, without the consent of each Lender:

               (a)  Extend the Facility Termination Date or the Revolving Credit
Termination Date, compromise or forgive the principal amount of any Loan, or
reduce the rate of interest or compromise or forgive payment of interest on any
Loan, or reduce the amount of any fee payable hereunder;

               (b)  Reduce the percentage specified in the definition of
Required Lenders or Modified Required Lenders;

               (c)  Increase the amount of the Commitment of any Lender
hereunder (except pursuant to SECTION 2.5(b));

               (d)  Amend this SECTION 8.2; or

               (e)  Permit any assignment by the Borrower of its Obligations or
its rights hereunder.

PROVIDED, FURTHER, that no such supplemental agreement shall, without the
consent of the Modified Required Lenders amend the definition of "Change of
Control" or amend or waive SECTION 7.10.

     No amendment of any provision of this Agreement relating to the Agent shall
be effective without the written consent of the Agent. The Agent may waive
payment of the fee required under SECTION 12.3.2 without obtaining the consent
of any other party to this Agreement.

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     Notwithstanding the foregoing, upon the execution and delivery of all
documentation required by SECTION 2.5(b) to be delivered in connection with an
increase to the Aggregate Commitment, the Agent, the Borrower and the new or
existing Lenders whose Commitments have been affected may and shall enter into
an amendment hereof (which shall be binding on all parties hereto) solely for
the purpose of reflecting any new Lenders and their new Commitments and any
increase in the Commitment of any existing Lender.

     8.3.    PRESERVATION OF RIGHTS. No delay or omission of the Lenders or the
Agent to exercise any right under the Loan Documents shall impair such right or
be construed to be a waiver of any Default or an acquiescence therein, and the
making of a Loan notwithstanding the existence of a Default or the inability of
the Borrower to satisfy the conditions precedent to such Loan shall not
constitute any waiver or acquiescence. Any single or partial exercise of any
such right shall not preclude other or further exercise thereof or the exercise
of any other right, and no waiver, amendment or other variation of the terms,
conditions or provisions of the Loan Documents whatsoever shall be valid unless
in writing signed by the Lenders required pursuant to SECTION 8.2, and then only
to the extent in such writing specifically set forth. All remedies contained in
the Loan Documents or by law afforded shall be cumulative and all shall be
available to the Agent and the Lenders until the Obligations have been paid in
full.

                                   ARTICLE IX
                               GENERAL PROVISIONS

     9.1.    SURVIVAL OF REPRESENTATIONS. All representations and warranties of
the Borrower contained in this Agreement or of the Borrower or any Subsidiary
contained in any Loan Document shall survive the making of the Loans herein
contemplated.

     9.2.    GOVERNMENTAL REGULATION. Anything contained in this Agreement to
the contrary notwithstanding, no Lender shall be obligated to extend credit to
the Borrower in violation of any limitation or prohibition provided by any
applicable statute or regulation.

     9.3.    HEADINGS. Section headings in the Loan Documents are for
convenience of reference only, and shall not govern the interpretation of any of
the provisions of the Loan Documents.

     9.4.    ENTIRE AGREEMENT. The Loan Documents embody the entire agreement
and understanding among the Borrower, the Agent and the Lenders and supersede
all prior agreements and understandings among the Borrower, the Agent and the
Lenders relating to the subject matter thereof other than the fee letter
described in SECTION 10.13.

     9.5.    SEVERAL OBLIGATIONS; BENEFITS OF THIS AGREEMENT. The respective
obligations of the Lenders hereunder are several and not joint and no Lender
shall be the partner or agent of any other (except to the extent to which the
Agent is authorized to act as such). The failure of any Lender to perform any of
its obligations hereunder shall not relieve any other Lender from any of its
obligations hereunder. This Agreement shall not be construed so as to confer any
right or benefit upon any Person other than the parties to this Agreement and
their respective successors

                                      -39-
<Page>

and assigns; PROVIDED, HOWEVER, that the parties hereto expressly agree that the
Arranger shall enjoy the benefits of the provisions of SECTIONS 9.6, 9.10 and
10.11 to the extent specifically set forth therein and shall have the right to
enforce such provisions on its own behalf and in its own name to the same extent
as if it were a party to this Agreement.

     9.6.    EXPENSES; INDEMNIFICATION. The Borrower shall reimburse the Agent
and the Arranger for any costs, internal charges and out-of-pocket expenses
(including attorneys' fees and time charges of attorneys for the Agent or the
Arranger, which attorneys may be employees of the Agent or the Arranger) paid or
incurred by the Agent or the Arranger in connection with the preparation,
negotiation, execution, delivery, syndication, distribution (including, without
limitation, via the internet), review, amendment, modification, and
administration of the Loan Documents. The Borrower also agrees to reimburse the
Agent, the Arranger and the Lenders for any costs, internal charges and
out-of-pocket expenses (including attorneys' fees and time charges of attorneys
for the Agent, the Arranger and the Lenders, which attorneys may be employees of
the Agent, the Arranger or the Lenders) paid or incurred by the Agent, the
Arranger or any Lender in connection with the collection of the Obligations or
the enforcement of the Loan Documents. The Borrower further agrees to indemnify
the Agent, the Arranger, each Lender, their respective affiliates, and each of
their directors, officers and employees against all losses, claims, damages,
penalties, judgments, liabilities and expenses (including, without limitation,
all expenses of litigation or preparation therefor whether or not the Agent, the
Arranger, any Lender or any affiliate is a party thereto) which any of them may
pay or incur arising out of or relating to this Agreement, the other Loan
Documents, the transactions contemplated hereby, or the direct or indirect
application or proposed application of the proceeds of any Loan hereunder except
to the extent that they are determined in a final non-appealable judgment by a
court of competent jurisdiction to have resulted from the gross negligence or
willful misconduct of the party seeking indemnification. The obligations of the
Borrower under this SECTION 9.6 shall survive the termination of this Agreement.

     9.7.    NUMBERS OF DOCUMENTS. All statements, notices, closing documents,
and requests hereunder shall be furnished to the Agent with sufficient
counterparts so that the Agent may furnish one to each of the Lenders.

     9.8.    ACCOUNTING. Except as provided to the contrary herein, all
accounting terms used herein shall be interpreted and all accounting
determinations hereunder shall be made in accordance with Agreement Accounting
Principles.

     9.9.    SEVERABILITY OF PROVISIONS. Any provision in any Loan Document that
is held to be inoperative, unenforceable, or invalid in any jurisdiction shall,
as to that jurisdiction, be inoperative, unenforceable, or invalid without
affecting the remaining provisions in that jurisdiction or the operation,
enforceability, or validity of that provision in any other jurisdiction, and to
this end the provisions of all Loan Documents are declared to be severable.

     9.10.   NONLIABILITY OF LENDERS. The relationship between the Borrower on
the one hand and the Lenders and the Agent on the other hand shall be solely
that of borrower and lender. Neither the Agent, the Arranger nor any Lender
shall have any fiduciary responsibilities to the

                                      -40-
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Borrower. Neither the Agent, the Arranger nor any Lender undertakes any
responsibility to the Borrower to review or inform the Borrower of any matter in
connection with any phase of the Borrower's business or operations. Neither the
Agent, the Arranger nor any Lender shall have any liability with respect to, and
the Borrower hereby waives, releases and agrees not to sue for, any special,
indirect, consequential or punitive damages suffered by the Borrower in
connection with, arising out of, or in any way related to the Loan Documents or
the transactions contemplated thereby.

     9.11.   CONFIDENTIALITY. Each Lender agrees to hold any confidential
information which it may receive from the Borrower pursuant to this Agreement in
confidence, except for disclosure (i) to its Affiliates and to other Lenders and
their respective Affiliates, (ii) to legal counsel, accountants, and other
professional advisors to such Lender or to a Transferee, (iii) to regulatory
officials, (iv) to any Person as requested pursuant to or as required by law,
regulation, or legal process, (v) to any Person in connection with any legal
proceeding to which such Lender is a party, (vi) to such Lender's direct or
indirect contractual counterparties in swap agreements or to legal counsel,
accountants and other professional advisors to such counterparties, and (vii)
permitted by Section 12.4.

     9.12.   DISCLOSURE. The Borrower and each Lender hereby acknowledge and
agree that Bank One and/or its Affiliates from time to time may hold investments
in, make other loans to or have other relationships with the Borrower and its
Affiliates.

                                    ARTICLE X
                                    THE AGENT

     10.1.   APPOINTMENT. Bank One, NA is hereby appointed by each of the
Lenders as its contractual representative (herein referred to as the "Agent")
hereunder and under each other Loan Document, and each of the Lenders
irrevocably (subject to Section 10.12) authorizes the Agent to act as the
contractual representative of such Lender with the rights and duties expressly
set forth herein and in the other Loan Documents. The Agent agrees to act as
such contractual representative upon the express conditions contained in this
ARTICLE X. Notwithstanding the use of the defined term "Agent," it is expressly
understood and agreed that the Agent shall not have any fiduciary
responsibilities to any Lender by reason of this Agreement or any other Loan
Document and that the Agent is merely acting as the contractual representative
of the Lenders with only those duties as are expressly set forth in this
Agreement and the other Loan Documents. In its capacity as the Lenders'
contractual representative, the Agent (i) does not hereby assume any fiduciary
duties to any of the Lenders, (ii) is a "representative" of the Lenders within
the meaning of Section 1-201 of the Uniform Commercial Code and (iii) is acting
as an independent contractor, the rights and duties of which are limited to
those expressly set forth in this Agreement and the other Loan Documents. Each
of the Lenders hereby agrees to assert no claim against the Agent on any agency
theory or any other theory of liability for breach of fiduciary duty, all of
which claims each Lender hereby waives.

     10.2.   POWERS. The Agent shall have and may exercise such powers under the
Loan Documents as are specifically delegated to the Agent by the terms of each
thereof, together with

                                      -41-
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such powers as are reasonably incidental thereto. The Agent shall have no
implied duties to the Lenders, or any obligation to the Lenders to take any
action thereunder, except any action specifically provided by the Loan Documents
to be taken by the Agent.

     10.3.   GENERAL IMMUNITY. Neither the Agent nor any of its directors,
officers, agents or employees shall be liable to the Borrower or any Lender for
any action taken or omitted to be taken by it or them hereunder or under any
other Loan Document or in connection herewith or therewith except to the extent
such action or inaction is determined in a final non-appealable judgment by a
court of competent jurisdiction to have arisen from the gross negligence or
willful misconduct of such Person.

     10.4.   NO RESPONSIBILITY FOR LOANS, RECITALS, ETC. Neither the Agent nor
any of its directors, officers, agents or employees shall be responsible for or
have any duty to ascertain, inquire into, or verify (a) any statement, warranty
or representation made in connection with any Loan Document or any borrowing
hereunder; (b) the performance or observance of any of the covenants or
agreements of any obligor under any Loan Document, including, without
limitation, any agreement by an obligor to furnish information directly to each
Lender; (c) the satisfaction of any condition specified in ARTICLE IV, except
receipt of items required to be delivered solely to the Agent; (d) the existence
or possible existence of any Default or Unmatured Default; (e) the validity,
enforceability, effectiveness, sufficiency or genuineness of any Loan Document
or any other instrument or writing furnished in connection therewith; (f) the
value, sufficiency, creation, perfection or priority of any Lien in any
collateral security; or (g) the financial condition of the Borrower or any
guarantor of any of the Obligations or of any of the Borrower's or any such
guarantor's respective Subsidiaries. The Agent shall have no duty to disclose to
the Lenders information that is not required to be furnished by the Borrower to
the Agent at such time, but is voluntarily furnished by the Borrower to the
Agent (either in its capacity as Agent or in its individual capacity).

     10.5.   ACTION ON INSTRUCTIONS OF LENDERS. The Agent shall in all cases be
fully protected in acting, or in refraining from acting, hereunder and under any
other Loan Document in accordance with written instructions signed by the
Required Lenders or, if expressly required hereunder, the Modified Required
Lenders or all the Lenders, and such instructions and any action taken or
failure to act pursuant thereto shall be binding on all of the Lenders. The
Lenders hereby acknowledge that the Agent shall be under no duty to take any
discretionary action permitted to be taken by it pursuant to the provisions of
this Agreement or any other Loan Document unless it shall be requested in
writing to do so by the Required Lenders or, if expressly required hereunder,
the Modified Required Lenders or all the Lenders. The Agent shall be fully
justified in failing or refusing to take any action hereunder and under any
other Loan Document unless it shall first be indemnified to its satisfaction by
the Lenders pro-rata against any and all liability, cost and expense that it may
incur by reason of taking or continuing to take any such action.

     10.6.   EMPLOYMENT OF AGENTS AND COUNSEL. The Agent may execute any of its
duties as Agent hereunder and under any other Loan Document by or through
employees, agents and attorneys-in-fact and shall not be answerable to the
Lenders, except as to money or securities

                                      -42-
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received by it or its authorized agents, for the default or misconduct of any
such agents or attorneys-in-fact selected by it with reasonable care. The Agent
shall be entitled to advice of counsel concerning the contractual arrangement
between the Agent and the Lenders and all matters pertaining to the Agent's
duties hereunder and under any other Loan Document.

     10.7.   RELIANCE ON DOCUMENTS; COUNSEL. The Agent shall be entitled to rely
upon any Note, notice, consent, certificate, affidavit, letter, telegram,
statement, paper or document believed by it to be genuine and correct and to
have been signed or sent by the proper person or persons, and, in respect to
legal matters, upon the opinion of counsel selected by the Agent, which counsel
may be employees of the Agent.

     10.8.   AGENT'S REIMBURSEMENT AND INDEMNIFICATION. The Lenders agree to
reimburse and indemnify the Agent ratably in proportion to their respective
Commitments (or, if the Commitments have been terminated, in proportion to their
Commitments immediately prior to such termination) (i) for any amounts not
reimbursed by the Borrower for which the Agent is entitled to reimbursement by
the Borrower under the Loan Documents, (ii) for any other expenses incurred by
the Agent on behalf of the Lenders, in connection with the preparation,
execution, delivery, administration and enforcement of the Loan Documents
(including, without limitation, for any expenses incurred by the Agent in
connection with any dispute between the Agent and any Lender or between two or
more of the Lenders) and (iii) for any liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind and nature whatsoever which may be imposed on, incurred by or
asserted against the Agent in any way relating to or arising out of the Loan
Documents or any other document delivered in connection therewith or the
transactions contemplated thereby (including, without limitation, for any such
amounts incurred by or asserted against the Agent in connection with any dispute
between the Agent and any Lender or between two or more of the Lenders), or the
enforcement of any of the terms of the Loan Documents or of any such other
documents, PROVIDED that (i) no Lender shall be liable for any of the foregoing
to the extent any of the foregoing is found in a final non-appealable judgment
by a court of competent jurisdiction to have resulted from the gross negligence
or willful misconduct of the Agent and (ii) any indemnification required
pursuant to SECTION 3.5(g) shall, notwithstanding the provisions of this SECTION
10.8, be paid by the relevant Lender in accordance with the provisions thereof.
The obligations of the Lenders under this SECTION 10.8 shall survive payment of
the Obligations and termination of this Agreement.

     10.9.   NOTICE OF DEFAULT. The Agent shall not be deemed to have knowledge
or notice of the occurrence of any Default or Unmatured Default hereunder unless
the Agent has received written notice from a Lender or the Borrower referring to
this Agreement describing such Default or Unmatured Default and stating that
such notice is a "notice of default". In the event that the Agent receives such
a notice, the Agent shall give prompt notice thereof to the Lenders.

     10.10.  RIGHTS AS A LENDER. In the event the Agent is a Lender, the Agent
shall have the same rights and powers hereunder and under any other Loan
Document with respect to its Commitment and its Loans as any Lender and may
exercise the same as though it were not the Agent, and the term "Lender" or
"Lenders" shall, at any time when the Agent is a Lender, unless

                                      -43-
<Page>

the context otherwise indicates, include the Agent in its individual capacity.
The Agent and its Affiliates may accept deposits from, lend money to, and
generally engage in any kind of trust, debt, equity or other transaction, in
addition to those contemplated by this Agreement or any other Loan Document,
with the Borrower or any of its Subsidiaries in which the Borrower or such
Subsidiary is not restricted hereby from engaging with any other Person. The
Agent, in its individual capacity, is not obligated to remain a Lender.

     10.11.  LENDER CREDIT DECISION. Each Lender acknowledges that it has,
independently and without reliance upon the Agent, the Arranger or any other
Lender and based on the financial statements prepared by the Borrower and such
other documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement and the other Loan
Documents. Each Lender also acknowledges that it will, independently and without
reliance upon the Agent, the Arranger or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under this
Agreement and the other Loan Documents.

     10.12.  SUCCESSOR AGENT. The Agent may resign at any time by giving written
notice thereof to the Lenders and the Borrower, such resignation to be effective
upon the appointment of a successor Agent or, if no successor Agent has been
appointed, 45 days after the retiring Agent gives notice of its intention to
resign. The Agent may be removed at any time with or without cause by written
notice received by the Agent from the Required Lenders, such removal to be
effective on the date specified by the Required Lenders. Upon any such
resignation or removal, the Required Lenders shall have the right to appoint, on
behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent
shall have been so appointed by the Required Lenders within thirty (30) days
after the resigning Agent's giving notice of its intention to resign, then the
resigning Agent may appoint, on behalf of the Borrower and the Lenders, a
successor Agent. Notwithstanding the previous sentence, the Agent may at any
time without the consent of the Borrower or any Lender, appoint any of its
Affiliates which is a commercial bank as a successor Agent hereunder. If the
Agent has resigned or been removed and no successor Agent has been appointed,
the Lenders may perform all the duties of the Agent hereunder and the Borrower
shall make all payments in respect of the Obligations to the applicable Lender
and for all other purposes shall deal directly with the Lenders; PROVIDED, such
Lenders so performing such duties shall be deemed to be an Agent hereunder with
full benefit of all provisions indemnifying the Agent hereunder. No successor
Agent shall be deemed to be appointed hereunder until such successor Agent has
accepted the appointment. Any such successor Agent shall be a commercial bank
having capital and retained earnings of at least $100,000,000. Upon the
acceptance of any appointment as Agent hereunder by a successor Agent, such
successor Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the resigning or removed Agent. Upon
the effectiveness of the resignation or removal of the Agent, the resigning or
removed Agent shall be discharged from its duties and obligations hereunder and
under the Loan Documents. After the effectiveness of the resignation or removal
of an Agent, the provisions of this ARTICLE X shall continue in effect for the
benefit of such Agent in respect of any actions taken or omitted to be taken by
it while it was acting as the Agent hereunder and under the other Loan
Documents. In the event that there is a successor to the

                                      -44-
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Agent by merger, or the Agent assigns its duties and obligations to an Affiliate
pursuant to this SECTION 10.12, then the term "Prime Rate" as used in this
Agreement shall mean the prime rate, base rate or other analogous rate of the
new Agent.

     10.13.  AGENT AND ARRANGER FEES. The Borrower agrees to pay to the Agent
and the Arranger, for their respective accounts, the fees agreed to by the
Borrower, the Agent and the Arranger pursuant to that certain letter agreement
dated November 28, 2001, or as otherwise agreed from time to time.

     10.14.  DELEGATION TO AFFILIATES. The Borrower and the Lenders agree that
the Agent may delegate any of its duties under this Agreement to any of its
Affiliates. Any such Affiliate (and such Affiliate's directors, officers, agents
and employees) which performs duties in connection with this Agreement shall be
entitled to the same benefits of the indemnification, waiver and other
protective provisions to which the Agent is entitled under ARTICLES IX and X.

     10.15.  SYNDICATION AGENTS; SENIOR MANAGING AGENTS; MANAGING AGENTS. None
of the Lenders identified in this Agreement as the "Syndication Agents", "Senior
Managing Agents" or "Managing Agents" shall have any right, power, obligation,
liability, responsibility or duty under this Agreement in such identified
capacity other than those applicable to all Lenders as such. Without limiting
the foregoing, none of such Lenders shall have or be deemed to have a fiduciary
relationship with any Lender. Each Lender hereby makes the same acknowledgments
with respect to such Lenders as it makes with respect to the Agent in SECTION
10.11.

                                   ARTICLE XI
                            SETOFF; RATABLE PAYMENTS

     11.1.   SETOFF. In addition to, and without limitation of, any rights of
the Lenders under applicable law, if the Borrower becomes insolvent, however
evidenced, or any Default occurs, any and all deposits (including all account
balances, whether provisional or final and whether or not collected or
available) and any other Indebtedness at any time held or owing by any Lender or
any Affiliate of any Lender to or for the credit or account of the Borrower may
be offset and applied toward the payment of the Obligations owing to such
Lender, whether or not the Obligations, or any part thereof, shall then be due.

     11.2.   RATABLE PAYMENTS. If any Lender, whether by setoff or otherwise,
has payment made to it upon its Loans (other than payments received pursuant to
SECTION 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any
other Lender, such Lender agrees, promptly upon demand, to purchase a portion of
the Loans held by the other Lenders so that after such purchase each Lender will
hold its ratable proportion of Loans. If any Lender, whether in connection with
setoff or amounts which might be subject to setoff or otherwise, receives
collateral or other protection for its Obligations or such amounts which may be
subject to setoff, such Lender agrees, promptly upon demand, to take such action
necessary such that all Lenders share in the benefits of such collateral ratably
in proportion to their Loans. In case any such payment is disturbed by legal
process, or otherwise, appropriate further adjustments shall be made. If an
amount to be setoff is to be applied to Indebtedness of the Borrower to a
Lender,

                                      -45-
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other than Indebtedness comprised of Loans made by such Lender, such amount
shall be applied ratably to such other Indebtedness and to the Indebtedness
comprised of such Loans.

                                  ARTICLE XII
                BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

     12.1.   SUCCESSORS AND ASSIGNS. The terms and provisions of the Loan
Documents shall be binding upon and inure to the benefit of the Borrower and the
Lenders and their respective successors and assigns, except that (i) the
Borrower shall not have the right to assign its rights or obligations under the
Loan Documents and (ii) any assignment by any Lender must be made in compliance
with SECTION 12.3. The parties to this Agreement acknowledge that clause (ii) of
this SECTION 12.1 relates only to absolute assignments and does not prohibit
assignments creating security interests, including, without limitation, (x) any
pledge or assignment by any Lender of all or any portion of its rights under
this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a
Lender which is a Fund, any pledge or assignment of all or any portion of its
rights under this Agreement and any Note to its trustee in support of its
obligations to its trustee; PROVIDED, HOWEVER, that no such pledge or assignment
creating a security interest shall release the transferor Lender from its
obligations hereunder unless and until the parties thereto have complied with
the provisions of SECTION 12.3. The Agent may treat the Person which made any
Loan or which holds any Note as the owner thereof for all purposes hereof unless
and until such Person complies with SECTION 12.3; PROVIDED, HOWEVER, that the
Agent may in its discretion (but shall not be required to) follow instructions
from the Person which made any Loan or which holds any Note to direct payments
relating to such Loan or Note to another Person. Any assignee of the rights to
any Loan or any Note agrees by acceptance of such assignment to be bound by all
the terms and provisions of the Loan Documents. Any request, authority or
consent of any Person, who at the time of making such request or giving such
authority or consent is the owner of the rights to any Loan (whether or not a
Note has been issued in evidence thereof), shall be conclusive and binding on
any subsequent holder or assignee of the rights to such Loan.

     12.2.   PARTICIPATIONS.

             12.2.1.   PERMITTED PARTICIPANTS; EFFECT. Any Lender may, in the
     ordinary course of its business and in accordance with applicable law, at
     any time sell to one or more banks or other entities ("PARTICIPANTS")
     participating interests in any Loan owing to such Lender, any Note held by
     such Lender, any Commitment of such Lender or any other interest of such
     Lender under the Loan Documents. In the event of any such sale by a Lender
     of participating interests to a Participant, such Lender's obligations
     under the Loan Documents shall remain unchanged, such Lender shall remain
     solely responsible to the other parties hereto for the performance of such
     obligations, such Lender shall remain the owner of its Loans and the holder
     of any Note issued to it in evidence thereof for all purposes under the
     Loan Documents, all amounts payable by the Borrower under this Agreement
     shall be determined as if such Lender had not sold such participating
     interests, and the Borrower and the Agent shall continue to deal solely and
     directly with such Lender in connection with such Lender's rights and
     obligations under the Loan Documents.

                                      -46-
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             12.2.2.   VOTING RIGHTS. Each Lender shall retain the sole right to
     approve, without the consent of any Participant, any amendment,
     modification or waiver of any provision of the Loan Documents other than
     any amendment, modification or waiver with respect to any Loan or
     Commitment in which such Participant has an interest which would require
     consent of all of the Lenders pursuant to the terms of SECTION 8.2 or of
     any other Loan Document.

             12.2.3.   BENEFIT OF SETOFF. The Borrower agrees that each
     Participant which has been identified as such to the Borrower in writing
     shall be deemed to have the right of setoff provided in SECTION 11.1 in
     respect of its participating interest in amounts owing under the Loan
     Documents to the same extent as if the amount of its participating interest
     were owing directly to it as a Lender under the Loan Documents; PROVIDED,
     that each Lender shall retain the right of setoff provided in SECTION 11.1
     with respect to the amount of participating interests sold to each
     Participant. The Lenders agree to share with each Participant, and each
     Participant, by exercising the right of setoff provided in SECTION 11.1,
     agrees to share with each Lender, any amount received pursuant to the
     exercise of its right of setoff, such amounts to be shared in accordance
     with SECTION 11.2 as if each Participant were a Lender.

     12.3.   ASSIGNMENTS.

             12.3.1.   PERMITTED ASSIGNMENTS. Any Lender may, in the ordinary
     course of its business and in accordance with applicable law, at any time
     assign to one or more banks or other entities ("PURCHASERS") all or any
     part of its rights and obligations under the Loan Documents. Such
     assignment shall be substantially in the form of EXHIBIT C or in such other
     form as may be agreed to by the parties thereto. The consent of the
     Borrower and the Agent shall be required prior to an assignment becoming
     effective with respect to a Purchaser which is not a Lender, an Affiliate
     thereof or an Approved Fund; PROVIDED, HOWEVER, that if a Default has
     occurred and is continuing, the consent of the Borrower shall not be
     required. Such consent shall not be unreasonably withheld or delayed. Each
     such assignment with respect to a Purchaser which is not a Lender or an
     Affiliate thereof shall (unless each of the Borrower and the Agent
     otherwise consents) be in an amount not less than the lesser of (i)
     $5,000,000 or (ii) the remaining amount of the assigning Lender's
     Commitment (calculated as at the date of such assignment) or outstanding
     Loans (if the applicable Commitment has been terminated).

             12.3.2.   EFFECT; EFFECTIVE DATE. Upon (i) delivery to the Agent of
     an assignment, together with any consents required by SECTION 12.3.1, and
     (ii) payment of a $4,000 fee to the Agent for processing such assignment,
     such assignment shall become effective on the effective date specified in
     such assignment. The assignment shall contain a representation by the
     Purchaser to the effect that none of the consideration used to make the
     purchase of the Commitment and Loans under the applicable assignment
     agreement constitutes "plan assets" as defined under ERISA and that the
     rights and interests of the Purchaser in and under the Loan Documents will
     not be "plan assets" under ERISA. On and after the effective date of such
     assignment, such Purchaser shall for all purposes be a

                                      -47-
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     Lender party to this Agreement and any other Loan Document executed by or
     on behalf of the Lenders and shall have all the rights and obligations of a
     Lender under the Loan Documents, to the same extent as if it were an
     original party hereto, and no further consent or action by the Borrower,
     the Lenders or the Agent shall be required to release the transferor Lender
     with respect to the percentage of the Aggregate Commitment and Loans
     assigned to such Purchaser. Upon the consummation of any assignment to a
     Purchaser pursuant to this SECTION 12.3.2, the transferor Lender, the Agent
     and the Borrower shall, if the transferor Lender or the Purchaser desires
     that its Loans be evidenced by Notes, make appropriate arrangements so that
     new Notes or, as appropriate, replacement Notes are issued to such
     transferor Lender and new Notes or, as appropriate, replacement Notes, are
     issued to such Purchaser, in each case in principal amounts reflecting
     their respective Commitments, as adjusted pursuant to such assignment.

     12.4.   DISSEMINATION OF INFORMATION. The Borrower authorizes each Lender
to disclose to any Participant or Purchaser or any other Person acquiring an
interest in the Loan Documents by operation of law (each a "TRANSFEREE") and any
prospective Transferee any and all information in such Lender's possession
concerning the creditworthiness of the Borrower and its Subsidiaries; PROVIDED
that each Transferee and prospective Transferee agrees to be bound by Section
9.11 of this Agreement.

     12.5.   TAX TREATMENT. If any interest in any Loan Document is transferred
to any Transferee which is organized under the laws of any jurisdiction other
than the United States or any State thereof, the transferor Lender shall cause
such Transferee, concurrently with the effectiveness of such transfer, to comply
with the provisions of SECTION 3.5(d).

                                      -48-
<Page>

                                  ARTICLE XIII
                                     NOTICES

     13.1.   GIVING NOTICE. Except as otherwise permitted by SECTION 2.14 with
respect to borrowing notices, all notices, requests and other communications to
any party hereunder shall be in writing (including electronic transmission,
facsimile transmission or similar writing) and shall be given to such party: (x)
in the case of the Borrower or the Agent, at its address or facsimile number set
forth on the signature pages hereof, (y) in the case of any Lender, at its
address or facsimile number set forth below its signature hereto or (z) in the
case of any party, at such other address or facsimile number as such party may
hereafter specify for the purpose by notice to the Agent and the Borrower in
accordance with the provisions of this SECTION 13.1. Each such notice, request
or other communication shall be effective (i) if given by facsimile
transmission, when transmitted to the facsimile number specified in this Section
and confirmation of receipt is received, (ii) if given by mail, 72 hours after
such communication is deposited in the mails with first class postage prepaid,
addressed as aforesaid, or (iii) if given by any other means, when delivered
(or, in the case of electronic transmission, received) at the address specified
in this Section; PROVIDED that notices to the Agent under ARTICLE II shall not
be effective until received.

     13.2.   CHANGE OF ADDRESS. The Borrower, the Agent and any Lender may each
change the address for service of notice upon it by a notice in writing to the
other parties hereto.

                                   ARTICLE XIV
                                  COUNTERPARTS

     This Agreement may be executed in any number of counterparts, all of which
taken together shall constitute one agreement, and any of the parties hereto may
execute this Agreement by signing any such counterpart. This Agreement shall be
effective when it has been executed by the Borrower, the Agent and the Lenders
and each party has notified the Agent by facsimile transmission or telephone
that it has taken such action.

                                   ARTICLE XV
          CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

     15.1.   CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A
CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, 735 ILCS SECTION 105/5-1 ET
SEQ, BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE
STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL
BANKS.

     15.2.   CONSENT TO JURISDICTION. THE BORROWER HEREBY IRREVOCABLY SUBMITS TO
THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR ILLINOIS STATE
COURT SITTING IN CHICAGO, ILLINOIS IN

                                      -49-
<Page>

ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND
THE BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY
WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH
SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN
INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY
LENDER TO BRING PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER
JURISDICTION. ANY JUDICIAL PROCEEDING BY THE BORROWER AGAINST THE AGENT OR ANY
LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN CHICAGO, ILLINOIS.

     15.3.   WAIVER OF JURY TRIAL. THE BORROWER, THE AGENT AND EACH LENDER
HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY
WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE
RELATIONSHIP ESTABLISHED THEREUNDER.

                           [signature pages to follow]

                                      -50-
<Page>

     IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed
this Agreement as of the date first above written.

                                 AON CORPORATION

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    Aon Center
                                                     200 East Randolph Drive
                                                     Chicago, Illinois  60601
                                                     Attn:  Diane Aigotti

                                         Telecopy:   (312) 381-6060
                                         Telephone:  (312) 381-3230

                                 BANK ONE, NA,
                                 individually and as Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    1 Bank One Plaza
                                                     Suite IL1-0085, 16th Floor
                                                     Chicago, Illinois 60670
                                                     Attn: Cindy Priest

                                         Telecopy:   (312) 732-4033
                                         Telephone:  (312) 732-9565

<Page>

                                 ABN AMRO BANK N.V.,
                                 individually and as Syndication Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    135 S. LaSalle Street,
                                                     Suite 625
                                                     Chicago, IL 60674
                                                     Attn:  Andrew Haak

                                         Telecopy:   (312) 606-8425
                                         Telephone:  (312) 904-2851

<Page>

                                 CITIBANK, N.A.,
                                 individually and as Syndication Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    388 Greenwich Street
                                                     22nd Floor
                                                     New York, New York 10013
                                                     Attn:  Peter C. Bickford

                                         Telecopy:   (212) 816-4144
                                         Telephone:  (212) 816-4022

<Page>

                                 FIRST UNION NATIONAL BANK,
                                 individually and as Syndication Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    301 South College Street
                                                     DC-5,
                                                     NC0169
                                                     Charlotte, NC 28288-0169
                                                     Attn:  Lance P. Black

                                         Telecopy:   (704) 383-7611
                                         Telephone:  (704) 374-6628

<Page>

                                 JP MORGAN CHASE BANK,
                                 individually and as Senior Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    270 Park Avenue
                                                     15th Floor
                                                     New York, NY 10017
                                                     Attn: Helen Newcomb

                                         Telecopy:   (212) 270-0412
                                         Telephone:  (212) 270-6260

<Page>

                                 THE BANK OF NEW YORK,
                                 individually and as Senior Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    One Wall Street
                                                     17th Floor
                                                     New York, New York 10286
                                                     Attn: Evan Glass

                                         Telecopy:   (212) 809-9520
                                         Telephone:  (212) 635-6466

<Page>

                                 THE NORTHERN TRUST COMPANY,
                                 individually and as Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    50 S. LaSalle Street
                                                     Chicago, Illinois 60675
                                                     Attn:  Richard W. Berger

                                         Telecopy:   (312) 557-2673
                                         Telephone:  (312) 444-5918

<Page>

                                 BANK OF MONTREAL,
                                 individually and as Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    111 West Monroe Street
                                                     Suite 12 West
                                                     Chicago, Illinois 60603
                                                     Attn:  Randy J. Goodleaf

                                         Telecopy:   (312) 845-2196
                                         Telephone:  (312) 845-2035

<Page>

                                 FLEET NATIONAL BANK,
                                 individually and as Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    100 Federal Street
                                                     Mail Code: MA DE 10010H
                                                     Boston, MA 02110
                                                     Attn:  Eugene G. Ardito

                                         Telecopy:   (617) 434-1096
                                         Telephone:  (617) 434-3311

<Page>

                                 ROYAL BANK OF CANADA,
                                 individually and as Managing Agent

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    New York Branch
                                                     One Liberty Plaza
                                                     3rd Floor
                                                     New York, NY  10006-1404
                                                     Attn:   Manager, Loans
                                                     Administration

                                         Telecopy:   (416) 955-6720
                                         Telephone:  (416) 955-6679

                                         with a copy to:

                                         Address:    New York Branch
                                                     One Liberty Plaza
                                                     3rd Floor
                                                     New York, NY  10006-1404
                                                     Attn:   Alexander Birr

                                         Telecopy:   (212) 428-6201
                                         Telephone:  (212) 428-6404

<Page>

                                 THE BANK OF NOVA SCOTIA

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    181 W. Madison
                                                     Suite 3700
                                                     Chicago, IL 60602
                                                     Attn:  Lisa Garling

                                         Telecopy:   (312) 201-4108
                                         Telephone:  (312) 201-4135

<Page>

                                 WELLS FARGO BANK, N.A.

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    230 W. Monroe Street
                                                     Suite 2900
                                                     Chicago, IL 60606
                                                     Attn:  Robert C. Meyer

                                         Telecopy:   (312) 845-8606
                                         Telephone:  (312) 345-8623

<Page>

                                 FIRSTAR BANK, N.A.

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    777 East Wisconsin Avenue
                                                     Milwaukee, Wisconsin 53202
                                                     Attn:  James Spredemann

                                         Telecopy:   (414) 765-5367
                                         Telephone:  (414) 765-6626

<Page>

                                 THE FUJI BANK, LIMITED

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    227 West Monroe Street
                                                     Suite 2600
                                                     Chicago, IL 60606
                                                     Attn:  Peter L. Chinnici

                                         Telecopy:   (312) 621-0539
                                         Telephone:  (312) 621-0500

<Page>

                                 STATE STREET BANK AND TRUST
                                 COMPANY

                                 By:
                                    -----------------------------------------

                                 Print Name:
                                            ---------------------------------

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

                                         Address:    2 Avenue de Lafayette
                                                     Mail Code: LCC2
                                                     Boston, MA 02111
                                                     Attn: Lise Anne Boutiette

                                         Telecopy:   (617) 662-3778
                                         Telephone:  (617) 662-3262

<Page>

                                PRICING SCHEDULE

<Table>
<Caption>
====================================================================================================================================
                            LEVEL I         LEVEL II         LEVEL III        LEVEL IV         LEVEL V            LEVEL VI
                             STATUS          STATUS           STATUS           STATUS          STATUS              STATUS
------------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>               <C>              <C>              <C>            <C>              <C>
  BORROWER DEBT             AA-/Aa3           A+/A1            A/A2             A-/A3          BBB+/Baa1        LESS THAN BBB+/Baa1
     RATING
------------------------------------------------------------------------------------------------------------------------------------
   Applicable                .05%             .06%             .07%             .09%             .10%              .125%
Facility Fee Rate
------------------------------------------------------------------------------------------------------------------------------------
   Applicable
     Margin
------------------------------------------------------------------------------------------------------------------------------------
Eurodollar Rate              .15%             .19%             .23%             .285%            .40%              .50%
------------------------------------------------------------------------------------------------------------------------------------
Alternate Base                0.0              0.0              0.0              0.0              0.0               0.0
Rate
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
Applicable                   .10%             .10%             .10%             .125%            .125%             .125%
Utilization Fee
Rate* (GREATER THAN 33%)
====================================================================================================================================
</Table>

          Subject to the following two sentences, a particular Level Status
     shall exist on a particular day if on such day the Borrower does not
     qualify for a Level Status with more advantageous pricing and either the
     Moody's Rating or the S&P Rating is at least equal to the corresponding
     rating specified for such Level Status in the table above. In the event of
     a difference in the equivalent "rating level" from S&P and Moody's
     resulting in a split of only one level, then the Level Status shall be
     determined by reference to the higher of the two Ratings. In

     ----------
     *    The Applicable Utilization Fee Rate shall be payable (i) on and after
          the Revolving Credit Termination Date, at all times and (ii) prior to
          the Revolving Credit Termination Date, only with respect to
          outstanding Advances on days when Utilization is greater than 33%.
          "Utilization" means, for any day, a percentage equal to the aggregate
          principal amount of Loans hereunder and "Loans" (as defined in the
          Three Year Agreement) outstanding on such day (and at the close of
          business on such day if a Business Day) divided by the sum on such day
          of the Aggregate Commitment and the "Aggregate Commitment" under the
          Three Year Agreement; PROVIDED that for purposes of computing the
          Utilization Fee (a) the Aggregate Commitment shall be deemed to in no
          event be less than the aggregate outstanding principal amount of the
          Loans and (b) the "Aggregate Commitment" (as defined in the Three Year
          Agreement) shall be deemed to in no event be less than the aggregate
          outstanding principal amount of the "Loans" (as defined in the Three
          Year Agreement). At all times on and after the Revolving Credit
          Termination Date the Applicable Utilization Fee Rate for each Level
          Status shall be in an amount .125% greater than the amount set forth
          for such Level Status in the above table.

<Page>

the event of a difference in the equivalent "rating level" from S&P and Moody's
resulting in a split of greater than one level, then the Level Status shall be
that Level Status one below the Level Status determined by reference to the
higher of the two Ratings. The above ratings are in the format of S&P
Rating/Moody's Rating.

     For the purposes of this Schedule, the following terms have the following
meanings, subject to the final paragraph of this Schedule:

     "Level Status" means either Level I Status, Level II Status, Level III
Status, Level IV Status, Level V Status or Level VI Status.

     "Moody's Rating" means, at any time, the Borrower Debt Rating issued by
Moody's and then in effect.

     "Rating" means Moody's Rating or S&P Rating.

     "S&P Rating" means, at any time, the Borrower Debt Rating issued by S&P and
then in effect.

     The Applicable Margin and Applicable Facility Fee Rate shall be determined
in accordance with the foregoing table based on the Borrower's Level Status as
determined from its then-current Moody's and S&P Ratings. The Rating in effect
on any date for the purposes of this Schedule is that in effect at the close of
business on such date. If at any time the Borrower has no Moody's Rating or no
S&P Rating or the Borrower does not qualify for a Level Status with more
advantageous pricing, Level VI Status shall exist.

                                       -2-
<Page>

                                   SCHEDULE 1

                                   COMMITMENTS

<Table>
<Caption>
                         LENDER                           COMMITMENT
                         ------                           ----------
         <S>                                           <C>
         Bank One, NA                                  $  50,000,000
         ABN AMRO Bank N.V.                               45,000,000
         Citibank, N.A.                                   45,000,000
         First Union National Bank                        45,000,000
         JP Morgan Chase Bank                             40,000,000
         The Bank of New York                             37,500,000
         The Northern Trust Company                       30,000,000
         Bank of Montreal                                 25,000,000
         Fleet National Bank                              25,000,000
         Royal Bank of Canada                             25,000,000
         The Bank of Nova Scotia                          17,500,000
         Wells Fargo Bank, N.A.                           15,000,000
         Firstar Bank, N.A.                               12,500,000
         The Fuji Bank, Limited                           12,500,000
         State Street Bank and Trust Company              12,500,000

         TOTAL                                         $ 437,500,000
                                                       =============
</Table>

<Page>

                                    EXHIBIT A

                                      NOTE

[$______________]                                                         [Date]

     Aon Corporation, a Delaware corporation (the "Borrower"), promises to pay
to the order of ____________________________________ (the "Lender") the lesser
of the principal sum of ______________________ Dollars or the aggregate unpaid
principal amount of all Loans made by the Lender to the Borrower pursuant to
Article II of the Agreement (as hereinafter defined), in immediately available
funds at the main office of Bank One, NA in Chicago, Illinois, as Agent,
together with interest on the unpaid principal amount hereof at the rates and on
the dates set forth in the Agreement. The Borrower shall pay the principal of
and accrued and unpaid interest on the Loans in full on the Facility Termination
Date and shall make such mandatory payments as are required to be made under the
terms of Article II of the Agreement.

     The Lender shall, and is hereby authorized to, record on the schedule
attached hereto, or to otherwise record in accordance with its usual practice,
the date and amount of each Loan and the date and amount of each principal
payment hereunder.

     This Note is one of the Notes issued pursuant to, and is entitled to the
benefits of, the 364-Day Credit Agreement dated as of February 8, 2002 (which,
as it may be amended or modified and in effect from time to time, is herein
called the "Agreement"), among the Borrower, the lenders party thereto,
including the Lender, and Bank One, NA, as Agent, to which Agreement reference
is hereby made for a statement of the terms and conditions governing this Note,
including the terms and conditions under which this Note may be prepaid or its
maturity date accelerated. Capitalized terms used herein and not otherwise
defined herein are used with the meanings attributed to them in the Agreement.

                                     AON CORPORATION

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

                                       A-1
<Page>

                   SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL
                                       TO
                            NOTE OF AON CORPORATION,
                                 DATED _________,

<Table>
<Caption>
                             Principal                 Maturity                    Principal
                             Amount of                of Interest                   Amount               Unpaid
         Date                  Loan                     Period                       Paid                Balance
----------------------------------------------------------------------------------------------------------------
         <S>                 <C>                      <C>                          <C>                   <C>
</Table>

<Page>

                                    EXHIBIT B

                             COMPLIANCE CERTIFICATE

To:  The Lenders parties to the
     Credit Agreement Described Below

          This Compliance Certificate is furnished pursuant to that certain
364-Day Credit Agreement dated as of February 8, 2002 (as amended, modified,
renewed or extended from time to time, the "Agreement") among the Borrower, the
lenders party thereto and Bank One, NA, as Agent for the Lenders. Unless
otherwise defined herein, capitalized terms used in this Compliance Certificate
have the meanings ascribed thereto in the Agreement.

          THE UNDERSIGNED HEREBY CERTIFIES THAT:

          1.   I am the duly elected _____________________ of the Borrower;

          2.   I have reviewed the terms of the Agreement and I have made, or
have caused to be made under my supervision, a detailed review of the
transactions and conditions of the Borrower and its Subsidiaries during the
accounting period covered by the attached financial statements;

          3.   The examinations described in paragraph 2 did not disclose, and I
have no knowledge of, the existence of any condition or event which constitutes
a Default or Unmatured Default during or at the end of the accounting period
covered by the attached financial statements or as of the date of this
Certificate, except as set forth below; and

          4.   Schedule I attached hereto sets forth financial data and
computations evidencing the Borrower's compliance with certain covenants of the
Agreement, all of which data and computations are true, complete and correct.

          Described below are the exceptions, if any, to paragraph 3 by listing,
in detail, the nature of the condition or event, the period during which it has
existed and the action which the Borrower has taken, is taking, or proposes to
take with respect to each such condition or event:

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

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

The foregoing certifications, together with the computations set forth in
Schedule I hereto and the financial statements delivered with this Certificate
in support hereof, are made and delivered this___ day of_____, 200_.

                                       B-1
<Page>

                      SCHEDULE I TO COMPLIANCE CERTIFICATE
             Schedule of Compliance as of ______________, 200_ with
                          Provisions of Section 6.17 of
                                  the Agreement

1.   SECTION 6.17.1 - CONSOLIDATED NET WORTH

     A.  Consolidated Net Worth                                       $_________

     B.  Must be greater than $2,500,000,000 (or, at all times
         from and after the CSC Spin-Off, $2,000,000,000)

         Complies                  Does Not Comply
                 --------------                   ----

2.   SECTION 6.17.2 - CONSOLIDATED EBITDA TO CONSOLIDATED INTEREST EXPENSE

     A.  Consolidated EBITDA
         (for four fiscal quarters ended_____, 200__)

         (i)       Consolidated Net Income                            $_________

         (ii)      Consolidated Interest Expense                      $_________

         (iii)     taxes                                              $_________

         (iv)      depreciation                                       $_________

         (v)       amortization                                       $_________

         (vi)      extraordinary losses                               $_________

         (vii)     extraordinary gains                                $_________

         (viii)    Sum of (i) through (vi) minus (vii)                $_________

     B.  Consolidated Interest Expense
         (for four fiscal quarters ended______, 200__)                $_________

     C.  Ratio of A to B                                ____to 1.0

     D.  Permitted Ratio                                Greater than 4.0 to 1.0

         Complies______    Does Not Comply___

<Page>

                                    EXHIBIT C

                              ASSIGNMENT AGREEMENT

     This Assignment Agreement (this "Assignment Agreement") between
______________________________________(the "Assignor") and
___________________________________ (the "Assignee") is dated as of
__________________, 20____. The parties hereto agree as follows:

     1.  PRELIMINARY STATEMENT. The Assignor is a party to a Credit Agreement
(which, as it may be amended, modified, renewed or extended from time to time is
herein called the "Credit Agreement") described in Item 1 of Schedule 1 attached
hereto ("Schedule 1"). Capitalized terms used herein and not otherwise defined
herein shall have the meanings attributed to them in the Credit Agreement.

     2.  ASSIGNMENT AND ASSUMPTION. The Assignor hereby sells and assigns to the
Assignee, and the Assignee hereby purchases and assumes from the Assignor, an
interest in and to the Assignor's rights and obligations under the Credit
Agreement and the other Loan Documents, such that after giving effect to such
assignment the Assignee shall have purchased pursuant to this Assignment
Agreement the percentage interest specified in Item 3 of Schedule 1 of all
outstanding rights and obligations under the Credit Agreement and the other Loan
Documents relating to the facilities listed in Item 3 of Schedule 1. The
aggregate Commitment (or Loans, if the applicable Commitment has been
terminated) purchased by the Assignee hereunder is set forth in Item 4 of
Schedule 1.

     3.  EFFECTIVE DATE. The effective date of this Assignment Agreement (the
"Effective Date") shall be the later of the date specified in Item 5 of Schedule
1 or two Business Days (or such shorter period agreed to by the Agent) after
this Assignment Agreement, together with any consents required under the Credit
Agreement, are delivered to the Agent. In no event will the Effective Date occur
if the payments required to be made by the Assignee to the Assignor on the
Effective Date are not made on the proposed Effective Date.

     4.  PAYMENT OBLIGATIONS. In consideration for the sale and assignment of
Loans hereunder, the Assignee shall pay the Assignor, on the Effective Date, the
amount agreed to by the Assignor and the Assignee. On and after the Effective
Date, the Assignee shall be entitled to receive from the Agent all payments of
principal, interest and fees with respect to the interest assigned hereby. The
Assignee will promptly remit to the Assignor any interest on Loans and fees
received from the Agent which relate to the portion of the Commitment or Loans
assigned to the Assignee hereunder for periods prior to the Effective Date and
not previously paid by the Assignee to the Assignor. In the event that either
party hereto receives any payment to which the other party hereto is entitled
under this Assignment Agreement, then the party receiving such amount shall
promptly remit it to the other party hereto.

                                       C-1
<Page>

     5.  RECORDATION FEE. The Assignor and Assignee each agree to pay one-half
of the recordation fee required to be paid to the Agent in connection with this
Assignment Agreement unless otherwise specified in Item 6 of Schedule 1.

     6.  REPRESENTATIONS OF THE ASSIGNOR; LIMITATIONS ON THE ASSIGNOR'S
LIABILITY. The Assignor represents and warrants that (i) it is the legal and
beneficial owner of the interest being assigned by it hereunder, (ii) such
interest is free and clear of any adverse claim created by the Assignor and
(iii) the execution and delivery of this Assignment Agreement by the Assignor is
duly authorized. It is understood and agreed that the assignment and assumption
hereunder are made without recourse to the Assignor and that the Assignor makes
no other representation or warranty of any kind to the Assignee. Neither the
Assignor nor any of its officers, directors, employees, agents or attorneys
shall be responsible for (i) the due execution, legality, validity,
enforceability, genuineness, sufficiency or collectability of any Loan Document,
including without limitation, documents granting the Assignor and the other
Lenders a security interest in assets of the Borrower or any guarantor, (ii) any
representation, warranty or statement made in or in connection with any of the
Loan Documents, (iii) the financial condition or creditworthiness of the
Borrower or any guarantor, (iv) the performance of or compliance with any of the
terms or provisions of any of the Loan Documents, (v) inspecting any of the
property, books or records of the Borrower, (vi) the validity, enforceability,
perfection, priority, condition, value or sufficiency of any collateral securing
or purporting to secure the Loans or (vii) any mistake, error of judgment, or
action taken or omitted to be taken in connection with the Loans or the Loan
Documents.

     7.  REPRESENTATIONS AND UNDERTAKINGS OF THE ASSIGNEE. The Assignee (i)
confirms that it has received a copy of the Credit Agreement, together with
copies of the financial statements requested by the Assignee and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment Agreement, (ii) agrees that
it will, independently and without reliance upon the Agent, the Assignor or any
other Lender and based on such documents and information at it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Loan Documents, (iii) appoints and authorizes the
Agent to take such action as agent on its behalf and to exercise such powers
under the Loan Documents as are delegated to the Agent by the terms thereof,
together with such powers as are reasonably incidental thereto, (iv) confirms
that the execution and delivery of this Assignment Agreement by the Assignee is
duly authorized, (v) agrees that it will perform in accordance with their terms
all of the obligations which by the terms of the Loan Documents are required to
be performed by it as a Lender, (vi) agrees that its payment instructions and
notice instructions are as set forth in the attachment to Schedule 1, (vii)
confirms that none of the funds, monies, assets or other consideration being
used to make the purchase and assumption hereunder are "plan assets" as defined
under ERISA and that its rights, benefits and interests in and under the Loan
Documents will not be "plan assets" under ERISA, (viii) agrees to indemnify and
hold the Assignor harmless against all losses, costs and expenses (including,
without limitation, reasonable attorneys' fees) and liabilities incurred by the
Assignor in connection with or arising in any manner from the

                                       -2-
<Page>

Assignee's non-performance of the obligations assumed under this Assignment
Agreement, and (ix) if applicable, attaches the forms prescribed by the Internal
Revenue Service of the United States certifying that the Assignee is entitled to
receive payments under the Loan Documents without deduction or withholding of
any United States federal income taxes.

     8.  GOVERNING LAW. This Assignment Agreement shall be governed by the
internal law, and not the law of conflicts, of the State of Illinois.

     9.  NOTICES. Notices shall be given under this Assignment Agreement in the
manner set forth in the Credit Agreement. For the purpose hereof, the addresses
of the parties hereto (until notice of a change is delivered) shall be the
address set forth in the attachment to Schedule 1.

     10. COUNTERPARTS; DELIVERY BY FACSIMILE. This Assignment Agreement may be
executed in counterparts. Transmission by facsimile of an executed counterpart
of this Assignment Agreement shall be deemed to constitute due and sufficient
delivery of such counterpart and such facsimile shall be deemed to be an
original counterpart of this Assignment Agreement.

     IN WITNESS WHEREOF, the duly authorized officers of the parties hereto have
executed this Assignment Agreement by executing Schedule 1 hereto as of the date
first above written.

                                       -3-
<Page>

                                   SCHEDULE 1
                             to Assignment Agreement

1.   Description and Date of Credit Agreement: 364-Day Credit Agreement dated as
of February 8, 2002 among Aon Corporation, Bank One, NA, as agent, and the
lenders party thereto.

2.   Date of Assignment Agreement: _____________, 200__

3.   Amounts (As of Date of Item 2 above):

                                          Facility
                                             1*
                                          ________
     a.  Assignee's percentage
         of each Facility purchased
         under the Assignment
         Agreement                        ________%

     b.  Amount of
         each Facility
         purchased
         under the Assignment
         Agreement                        $_______

4.   Assignee's Commitment (or Loans
     with respect to terminated
     Commitments) purchased
     hereunder:                                   $_____________

5.   Proposed Effective Date:                     ___________________

6.   Non-standard Recordation Fee
     Arrangement (if applicable)

Accepted and Agreed:

[NAME OF ASSIGNOR]                   [NAME OF ASSIGNEE]

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

                                       -1-
<Page>

CONSENTED TO BY                      CONSENTED TO BY
AON CORPORATION                      BANK ONE, NA

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

*     Insert specific facility names per Credit Agreement
**    Percentage taken to 10 decimal places
***   If fee is split 50-50, pick N/A as option
****  Delete if not required by Credit Agreement

                                       -2-
<Page>

                Attachment to SCHEDULE 1 to ASSIGNMENT AGREEMENT

                        ADMINISTRATIVE INFORMATION SHEET

         Attach Assignor's Administrative Information Sheet, which must
           include notice addresses for the Assignor and the Assignee
                            (Sample form shown below)

                              ASSIGNOR INFORMATION
CONTACT:

Name:                                Telephone No.:
     ------------------------------                -----------------------------
Fax No.:                             Telex No.:
        ---------------------------            ---------------------------------
                                     Answerback:
                                                --------------------------------

PAYMENT INFORMATION:

Name & ABA # of Destination Bank:
                                 -----------------------------------------------

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

Account Name & Number for Wire Transfer:
                                        ----------------------------------------

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

Other Instructions:
                   -------------------------------------------------------------

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

ADDRESS FOR NOTICES FOR ASSIGNOR:
                                 -----------------------------------------------

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

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

                              ASSIGNEE INFORMATION
CREDIT CONTACT:

Name:                                    Telephone No.:
     --------------------------------                  -------------------------
Fax No.:                                 Telex No.:
        -----------------------------              -----------------------------
                                         Answerback:
                                                    ----------------------------

KEY OPERATIONS CONTACTS:

Booking Installation:                    Booking Installation:
                     ----------------                         ------------------
Name:                                    Name:
     --------------------------------         ----------------------------------

Telephone No.:                           Telephone No.:
              -----------------------                  -------------------------
Fax No.:                                 Fax No.:
        -----------------------------            -------------------------------
Telex No.:                               Telex No.:
          ---------------------------              -----------------------------
Answerback:                              Answerback:
           --------------------------               ----------------------------

                                       -1-
<Page>

PAYMENT INFORMATION:

Name & ABA # of Destination Bank:
                                 -----------------------------------------------

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

Account Name & Number for Wire Transfer:
                                        ----------------------------------------

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

Other Instructions:
                   -------------------------------------------------------------

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

ADDRESS FOR NOTICES FOR ASSIGNOR:
                                 -----------------------------------------------

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

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

     BANK ONE INFORMATION

     Assignee will be called promptly upon receipt of the signed agreement.

INITIAL FUNDING CONTACT:                  SUBSEQUENT OPERATIONS CONTACT:

Name:                                     Name:
     -------------------------                 ---------------------------------
Telephone No.: (312)                      Telephone No.: (312)
Fax No.: (312)                            Fax No.: (312)
                               Bank One Telex No.: 190201  (Answerback: FNBC UT)

INITIAL FUNDING STANDARDS:

Libor - Fund 2 days after rates are set.

BANK ONE WIRE INSTRUCTIONS:       Bank One, NA, ABA # 071000013
                                  LS2 Incoming Account # 481152860000
                                  Ref:________________

ADDRESS FOR NOTICES FOR BANK ONE: 1 Bank One Plaza, Chicago, IL  60670
                                  Attn: Agency Compliance Division, Suite
                                  IL1-0353
                                  Fax No. (312) 732-2038 or (312) 732-4339

                                       -2-
<Page>

                                    EXHIBIT D

                          COMMITMENT ADDITION AGREEMENT

          This Commitment Addition Agreement (this "Agreement") is made and
entered into as of the ___ day of ________, 200__ by and among Aon Corporation
(the "Borrower"), Bank One, NA, as agent (the "Agent"), and
_______________________ (the "Supplemental Lender").

                                    RECITALS

          A. The Borrower, the Agent and various financial institutions
are party to that certain 364-Day Credit Agreement dated as of February 8, 2002
(the "Credit Agreement") pursuant to which the "Aggregate Commitment" is
$437,500,000. Terms used but not otherwise defined herein have the meaning
ascribed to them by the Credit Agreement.

          B. Acting pursuant to Section 2.5(b) of the Credit Agreement, the
Borrower has elected to increase the Aggregate Commitment by $_______________ to
$______________ and has given prior notice of such fact to the Agent.

          C. The Supplemental Lender wishes to [become a Lender under the Credit
Agreement with a Commitment of $________________] [increase its Commitment under
the Credit Agreement from $___________ to $___________].

          D. [As of the date hereof there are no extensions of credit
outstanding under the Credit Agreement.]

          NOW THEREFORE, the Agent, the Borrower and the Supplemental Lender
agree as follows:

          1. The Supplemental Lender hereby [joins the Credit Agreement as a
Lender thereunder having a Commitment of $________________ and having all the
obligations and rights of a Lender thereunder as if an original party thereto]
[agrees that its Commitment under the Credit Agreement shall be increased to
$_______________].

          2. Each of the Agent and the Borrower consents to the foregoing
additional Commitment [and joinder].

          3. The parties acknowledge that, pursuant to Section 8.2--the
amendment provision of the Credit Agreement, by virtue of this Agreement, the
Credit Agreement is deemed amended without further action by any party to
reflect the Supplemental Lender as a Lender thereunder with a Commitment of
$___________________.

                                       -3-
<Page>

          4. [Contemporaneously herewith, the Supplemental Lender is entering
into an Assignment Agreement with each of the existing Lenders pursuant to which
there is being assigned to the Supplemental Lender a ratable portion of the
outstanding Advances as required by Section 2.5(b)--the accordion section of the
Credit Agreement.] [INCLUDE ONLY WHEN THERE ARE OUTSTANDING LOANS]

          5. This Agreement may be executed in many number of counterparts, all
of which taken together shall constitute one agreement, and any of the parties
hereto may execute this Agreement by signing any such counterpart.

          6. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL
LAWS (INCLUDING, WITHOUT LIMITATION, 735 ILCS SECTION 105/5-1 ET SEQ., BUT
OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF
ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

          IN WITNESS WHEREOF, the parties have entered into this Agreement by
their duly authorized representatives as of the date first written above.

                                     AON CORPORATION

                                     By:
                                         ---------------------------------------

                                     Its:
                                         ---------------------------------------

                                     BANK ONE, NA, as Agent

                                     By:
                                         ---------------------------------------

                                     Its:
                                         ---------------------------------------

                                     [SUPPLEMENTAL LENDER]

                                     By:
                                         ---------------------------------------

                                     Its:
                                         ---------------------------------------

                                       -4-<Page>

                                                                   EXHIBIT 10(z)

                                                                  CONFORMED COPY

                                CREDIT AGREEMENT

                                   relating to
      (i) a multicurrency revolving loan facility of EURO 250,000,000; and
                  (ii) a 364 days facility of EURO 250,000,000

                             dated 24 September 2001

                                 AON CORPORATION
                                  as GUARANTOR

                                       and

                               AON FINANCE LIMITED
                                 AON FRANCE S.A.
                            AON GROEP NEDERLAND B.V.
                                AON HOLDINGS B.V.
                        AON JAUCH & HUBENER HOLDINGS GmbH
                                  AS BORROWERS

                                       and

                                   THE LENDERS

                                       and

                           CITIBANK INTERNATIONAL plc
                                    AS AGENT

                                       and

                     SALOMON BROTHERS INTERNATIONAL LIMITED
                                   AS ARRANGER

                          [LINKLATERS & ALLIANCE LOGO]

                                   LINKLATERS
                                 Ref: PHPS/RICH

<Page>

                                TABLE OF CONTENTS

<Table>
<Caption>
CLAUSE                                                                      PAGE
<S>                                                                           <C>
1      DEFINITIONS AND INTERPRETATION..........................................1

2      FACILITIES.............................................................13

3      PURPOSE................................................................15

4      CONDITIONS PRECEDENT...................................................15

5      REVOLVING CREDIT FACILITY AND 364 DAY FACILITY.........................15

6      ALTERNATIVE CURRENCIES.................................................17

7      INTEREST...............................................................18

8      REPAYMENT, PREPAYMENT, CANCELLATION AND EXTENSION......................21

9      CHANGES IN CIRCUMSTANCES...............................................23

10     PAYMENTS...............................................................26

11     GUARANTEE..............................................................30

12     REPRESENTATIONS AND WARRANTIES.........................................33

13     UNDERTAKINGS...........................................................38

14     FINANCIAL UNDERTAKINGS.................................................42

15     DEFAULT................................................................43

16     SET-OFF................................................................46

17     PRO RATA SHARING.......................................................46

18     THE ARRANGER, THE AGENT AND THE LENDERS................................47

19     FEES AND EXPENSES......................................................51

20     AMENDMENTS AND WAIVERS.................................................53

21     MISCELLANEOUS..........................................................55

22     NOTICES................................................................55

23     ASSIGNMENTS AND TRANSFERS..............................................57
</Table>

                                      - i -
<Page>

<Table>
<S>                                                                           <C>
24     INDEMNITIES............................................................59

25     LAW AND JURISDICTION...................................................60

SCHEDULE 1 THE LENDERS........................................................62

SCHEDULE 2 CONDITIONS PRECEDENT...............................................63

SCHEDULE 3 DRAWDOWN NOTICE....................................................65

SCHEDULE 4 MANDATORY COST RATE................................................66

SCHEDULE 5 FORM OF TRANSFER CERTIFICATE.......................................68

SCHEDULE 6 FORM OF DEED OF ACCESSION..........................................71
</Table>

                                     - ii -
<Page>

THIS AGREEMENT is made on 24 September 2001

BY:

(1)     AON CORPORATION, a company incorporated in the State of Delaware of 123
        North Wacker Drive, Chicago, Illinois 60606, USA (the "GUARANTOR");

(2)     AON FINANCE LIMITED, a company incorporated in England and Wales with
        registered number 000777539 ("AON UK");

(3)     AON FRANCE S.A., a company incorporated in France with registered number
        682019377 RCS NANTERRE ("AON FRANCE");

(4)     AON GROEP NEDERLAND B.V., a company incorporated in The Netherlands with
        a corporate seat in Rotterdam ("AON GROEP");

(5)     AON HOLDINGS B.V., a company incorporated in The Netherlands with a
        corporate seat in Rotterdam ("AON HOLDINGS");

(6)     AON JAUCH & HUBENER HOLDINGS GmbH, a company incorporated in Germany
        with registered number 54969 ("AON DEUTSCHLAND");

(7)     THE LENDERS listed in Schedule 1 (the "LENDERS");

(8)     CITIBANK INTERNATIONAL PLC of 336 Strand, London, WC2R 1HB as the Agent
        (as that term is more particularly defined below); and

(9)     SALOMON BROTHERS INTERNATIONAL LIMITED of Citigroup Centre, 33 Canada
        Square, Canary Wharf, London E14 5LB as Arranger of the facilities made
        available hereunder (the "ARRANGER").

IT IS AGREED as follows:

1       DEFINITIONS AND INTERPRETATION

1.1     DEFINITIONS

        In this Agreement:

        "ACCOUNTS" means:

        (a)      in relation to the Guarantor, its audited consolidated
                 statements of income, stockholders' equity and cash flows; and

        (b)      in relation to any other Obligor, its accounts which shall have
                 been audited to the extent required by the law of the
                 jurisdiction of incorporation of such Obligor.

        "ACT" means the Companies Act 1985.

        "ADVANCE" means a Revolving Advance or a 364 Day Advance.

        "AFFILIATE" means, in relation to a person, a Subsidiary or a holding
        company (as defined in Section 736 of the Act) of that person and any
        other Subsidiary of that holding company.

        "AGENT" means Citibank International plc in its capacity as agent and
        trustee for the Lenders and each successor Agent appointed under Clause
        18.12 (REMOVAL AND RESIGNATION OF THE AGENT).

        "AGREED JURISDICTION" means England and Wales, France, The Netherlands
        and Germany.

                                      - 1 -
<Page>

        "ALTERNATIVE CURRENCY" means Sterling, Dollars or any other currency
        (other than euros) which is freely convertible into euros, freely
        transferable and readily available in the London interbank market.

        "AVAILABLE REVOLVING CREDIT COMMITMENT" means, in relation to a Lender,
        its Revolving Credit Commitment less the Original Euro Amount of its
        Participations in the Revolving Advances.

        "AVAILABLE REVOLVING CREDIT FACILITY" means the aggregate of the
        Available Revolving Credit Commitments of the Lenders.

        "AVAILABLE 364 DAY FACILITY" means the aggregate of the Available 364
        Day Commitments of the Lenders.

        "AVAILABLE 364 DAY COMMITMENT" means, in relation to a Lender, its 364
        Day Commitment less the Original Euro Amount of its Participations in
        all 364 Day Advances.

        "BORROWERS" means AON UK, AON France, AON Groep, AON Holdings, AON
        Deutschland, and any other Group Company that becomes a party to this
        Agreement pursuant to Clause 2.4 (ADDITIONAL Borrowers) and "BORROWER"
        shall be construed accordingly.

        "BUSINESS DAY" means a day (other than a Saturday or a Sunday) on which
        banks are open for general interbank business in London and:

        (a)      in relation to a transaction involving an Alternative Currency,
                 the principal financial centre of the country of that
                 Alternative Currency; and

        (b)      in relation to a transaction which relates to a payment or rate
                 fixing in euros or other matter relating to euros means a day
                 on which the Trans-European Automated Real-time Gross
                 settlement Express Transfer System (TARGET) is operating.

        "CERTIFIED COPY" means, in relation to a document, a copy of that
        document bearing the endorsement, or a certificate attached to that
        document bearing the endorsement "Certified a true, complete and
        accurate copy of the original, which has not been amended [otherwise
        than by a document, a Certified Copy of which is attached hereto]",
        which has been signed and dated by a duly authorised officer of the
        relevant company and which complies with that endorsement.

        "CHANGE" means the introduction, implementation, repeal, withdrawal or
        change in, or in the interpretation or application of, (a) any law,
        regulation, practice or concession, or (b) any directive, requirement,
        request or guidance (whether or not having the force of law but if not
        having the force of law, one which applies generally to a class or
        category of financial institutions of which that Lender (or that
        company) forms part and compliance with which is in accordance with the
        general practice of those financial institutions) of the European
        Community, any central bank or any other fiscal, monetary, regulatory or
        other similar authority.

        "CHANGE OF CONTROL" means where a person (whether alone or together with
        any associated person or persons) becomes a beneficial owner of shares
        in the issued share capital of the Guarantor carrying the right to
        exercise more than 50 per cent. of the votes exercisable at a general
        meeting of the Guarantor (for the purposes of this definition,
        "ASSOCIATED PERSON" means, in relation to any person, a person who is
        (i) "ACTING IN CONCERT" (as defined in the City Code on Takeovers and
        Mergers) with that person or (ii) a

                                      - 2 -
<Page>

        "CONNECTED PERSON" (as defined in Section 839 of the Income and
        Corporation Taxes Act 1988) of that person).

        "CODE" means the US Internal Revenue Code of 1986, as amended, reformed
        or otherwise modified from time to time.

        "COMMITMENT" means, in relation to a Lender, the aggregate of its
        Revolving Credit Commitment and its 364 Day Commitment.

        "CONSOLIDATED INTEREST EXPENSE" means ,in relation to a Relevant Period,
        the consolidated net interest expense and any other finance charges of
        the Group (for the avoidance of doubt, this definition shall be
        construed so as to be consistent with US GAAP).

        "CONTROLLED GROUP" means all members of a controlled group of
        corporations and all trades of businesses (whether or not incorporated)
        under common control which, together with the Group Companies, are
        treated as a single employer under Section 414 of the Code and the
        regulations thereunder.

        "CROSS DEFAULT PROVISION" means a contractual right to demand or
        accelerate repayment of any Indebtedness of all or any of the Group
        Companies or to withdraw any commitment to provide finance to all or any
        of the Group Companies on the occurrence of any event which would
        entitle any other creditor or creditors of all or any of the Group
        Companies to demand or accelerate repayment of any Indebtedness of all
        or any of the Group Companies other than in respect of any mandatory
        prepayment triggered by a Change of Control or to withdraw any
        commitment to provide finance (other than where such right arises due to
        illegality or increased costs) to all or any of the Group Companies
        (whether or not such other creditor or creditors do so demand,
        accelerate or withdraw).

        "CSC" means Combined Specialty Corporation, the new subsidiary to be
        formed by the Guarantor for the purposes of the Demerger.

        "CSC GROUP" means CSC and each of CSC's Subsidiaries.

        "CSC SPIN-OFF" means the distribution of common stock in CSC as a
        tax-free dividend to the current holders of the Guarantor's common
        stock.

        "DANGEROUS MATERIALS" means any element or substance, whether consisting
        of gas, liquid, solid or vapour, identified by any Environmental Law to
        be, to have been, or to be capable of being or becoming, harmful to
        mankind or any living organism or damaging to the Environment.

        "DEBT RATING LEVEL" means the Guarantor's senior unsecured long term
        debt rating by S&P and/or Moody's.

        "DEED OF ACCESSION" means a deed substantially in the form set out in
        Schedule 6 (FORM OF DEED OF ACCESSION).

        "DEFAULT" means any event specified as such in Clause 15.1 (DEFAULT).

        "DEFAULT NOTICE" has the meaning given to that term in Clause 15.2
        (ACCELERATION).

        "DEMERGER" means the demerging of the general insurance underwriting
        business of the Guarantor to form the CSC Group to be effected on the
        basis set out in the public documents to be issued to the holders of the
        Guarantor's common stock, including (1) the CSC Spin-Off and (2) the
        Facilitating Transactions.

                                      - 3 -
<Page>

        "DOLLARS" and "$" mean the lawful currency for the time being of US.

        "DORMANT SUBSIDIARY" means, on any given date, a Group Company (a) which
        has been dormant within the meaning of section 250(3) of the Act for the
        period of 12 months ending on that date and (b) the value of whose
        assets do not exceed in aggregate L5,000 (or an equivalent amount in any
        relevant currency).

        "DRAWDOWN DATE" means the date on which an Advance is made, or is
        proposed to be made.

        "DRAWDOWN NOTICE" means a notice substantially in the form set out in
        Schedule 3.

        "EBITDA" means, in relation to a Relevant Period, the consolidated net
        profit of the Group before interest expenses and tax plus any amounts
        provided for depreciation and amortisation.

        "ENCUMBRANCE" means any mortgage, charge, assignment by way of security,
        pledge, hypothecation, lien, right of set-off, retention of title
        provision, trust or flawed asset arrangement (for the purpose of, or
        which has the effect of, granting security) or any other security
        interest of any kind whatsoever.

        "ENVIRONMENT" means all or any of the following media: air (including
        air within buildings or other structures and whether above or below
        ground); land (including buildings and any other structures or erections
        in, on or under it and any soil and anything below the surface of land);
        land covered with water; and water (including sea, ground and surface
        water).

        "ENVIRONMENTAL LAW" means any statutory or common law, treaty,
        convention, directive or regulation having legal or judicial effect
        whether of a criminal or civil nature, concerning:

        (a)      pollution or contamination of the Environment;

        (b)      harm, whether actual or potential, to mankind and human senses,
                 living organisms and ecological systems;

        (c)      the generation, manufacture, processing, distribution, use
                 (including abuse), treatment, storage, disposal, transport or
                 handling of Dangerous Materials; or

        (d)      the emission, leak, release or discharge into the Environment
                 of noise, vibration, dust, fumes, gas, odours, smoke, steam,
                 effluvia, heat, light, radiation (of any kind), infection,
                 electricity or any Dangerous Material and any matter or thing
                 capable of constituting a nuisance or an actionable tort of any
                 kind in respect of such matters.

        "ERISA" means the US Employee Retirement Income Security Act of 1974, as
        amended from time to time.

        "EURO", "EUROS" or "EURO" means the single currency of Participating
        Member States.

        "EURO EQUIVALENT" means, in relation to an amount in an Alternative
        Currency on the day on which the calculation falls to be made, the
        amount of euros which could be purchased with that amount of the
        Alternative Currency using the Agent's spot rate of exchange for the
        purchase in the London foreign exchange market of euros with the
        Alternative Currency at or about 11.00 a.m. on the second Business Day
        before that date.

        "EURIBOR" means, in relation to any Advance or other sum in euros and in
        respect of a particular Interest Period:

                                      - 4 -
<Page>

        (a)      the rate of the offered quotation for deposits in euros for a
                 period comparable to that Interest Period determined by the
                 Banking Federation of the European Union and as displayed on
                 the appropriate page of the Telerate Service (or such other
                 page or service as may replace it for the purpose of displaying
                 offered rates of prime banks for deposits in euros) at or about
                 11.00 a.m. Brussels time on the second Business Day before the
                 first day of that Interest Period; or

        (b)      if no such offered quotation appears on the Telerate Service,
                 the arithmetic mean (rounded upwards to 4 decimal places) of
                 the rates per annum (as quoted to the Agent at its request) at
                 which each Reference Bank was offering deposits in euros in an
                 amount comparable with that Advance or other sum, as the case
                 may be, to leading banks in the European interbank market for a
                 period equal to that Interest Period at or about 11.00 a.m.
                 Brussels time on the second Business Day before the first day
                 of that Interest Period.

        "FACILITATING TRANSACTIONS" means all transactions to be entered into in
        connection with or for the purposes of the proposed internal
        restructuring of Group Companies in preparation for the CSC Spin-Off.

        "FACILITIES" means the Revolving Credit Facility and the 364 Day
        Facility; and "FACILITY" shall be construed accordingly.

        "FACILITY PERIOD" means the period starting on the date of this
        Agreement and ending on the date on which all the obligations and
        liabilities of the Obligors under the Financing Documents are discharged
        in full and the Agent and the Lenders have no continuing obligations in
        relation to the Facilities.

        "FEE LETTER" means the letter dated 10 August 2001 from the Agent to the
        Guarantor relating to certain fees payable to the Agent and the Arranger
        by the Guarantor in relation to this Agreement, being described on its
        face as the "FEE LETTER".

        "FINAL REPAYMENT DATE" means:

        (a)      in relation to the Revolving Credit Facility, the fifth
                 anniversary of the date of this Agreement;

        (b)      subject to Clause 8.5 (CANCELLATION), in relation to the 364
                 Day Facility (other than Term Advances), the date falling 364
                 days from the date of this Agreement; and

        (c)      in relation to each Term Advance the first anniversary of the
                 Drawdown Date of the relevant Term Advance.

        "FINANCIAL YEAR" means the twelve month accounting period of the
        Guarantor in respect of which it prepares Accounts.

        "FINANCING DOCUMENTS" means this Agreement and the Fee Letter and any
        other document designated as such by the Agent and the Guarantor.

        "GAAP" means, in relation to a company, accounting principles, concepts,
        bases and policies generally adopted and accepted in the jurisdiction of
        its incorporation.

        "GROUP" means the Guarantor and each of its Subsidiaries for the time
        being; and "GROUP COMPANY" means any one of them.

        "GUARANTEED PARTIES" means all and each of the Lenders, the Agent and
        the Arranger.

                                      - 5 -
<Page>

        "INDEBTEDNESS" means, in relation to a person, its obligation (whether
        present or future, actual or contingent, as principal or surety) for the
        payment or repayment of money (whether in respect of interest, principal
        or otherwise) incurred in respect of, but without double counting:

        (a)      moneys borrowed;

        (b)      any amount raised by acceptance under any acceptance credit
                 facility;

        (c)      any bond, note, loan stock, debenture or similar instrument;

        (d)      any, bill discounting, note purchase, factoring or documentary
                 credit facility;

        (e)      any hire purchase agreement, conditional sale agreement or
                 lease, which would be treated as a capital or finance lease in
                 accordance with GAAP;

        (f)      any guarantee, bond, stand-by letter of credit or other similar
                 instrument issued in connection with the performance of
                 contracts;

        (g)      any interest rate or currency swap agreement or any other
                 hedging or derivatives instrument or agreement which for the
                 purpose of Clause 15.1.7 (CROSS DEFAULT) only shall be the net
                 amount in respect of the same;

        (h)      any arrangement entered into primarily as a method of raising
                 finance pursuant to which any asset sold or otherwise disposed
                 of by that person is or may be leased to or re-acquired by a
                 Group Company (whether following the exercise of an option or
                 otherwise); or

        (i)      any guarantee, indemnity or similar insurance against financial
                 loss given in respect of the obligation of any person falling
                 within paragraphs (a) to (g) above inclusive,

        but shall not include moneys which are for the time being owing by any
        Group Company to any other Group Company.

        "INFORMATION MEMORANDUM" means the information memorandum dated 14
        August 2001 and prepared by the Guarantor in connection with this
        Agreement.

        "INTEREST PERIOD" means each period determined in accordance with
        Clause 7 (INTEREST) for the purpose of calculating interest on Advances
        or overdue amounts.

        "LENDER TRANSFEREE" has the meaning given to that term in Clause 23.4.2.

        "LENDERS" means the banks and financial institutions listed in Schedule
        1 (THE LENDERS) their respective successors in title and any Lender
        Transferee.

        "LENDING OFFICE" means the office or offices notified by a Lender to the
        Agent on or before the date it becomes a Lender (or, following that
        date, by not less than 5 Business Days' written notice) at the office or
        offices through which that Lender's Commitment is maintained and through
        which its Participation is made and maintained under this Agreement.

        "LEVEL 1" means a Debt Rating Level of "AA-" or better by S&P or "Aa3"
        or better by Moody's.

        "LEVEL 2" means a Debt Rating Level of "A-" or better by S&P or "A3" or
        better by Moody's but excluding any rating which falls within Level 1.

                                      - 6 -
<Page>

        "LEVEL 3" means a Debt Rating Level of less than "A-" by S&P or less
        than "A3" by Moody's.

        "LIBOR" means, in respect of an Advance or other sum in a particular
        currency and in respect of a particular Interest Period:

        (a)      the rate of the offered quotation for deposits in that currency
                 for a period comparable to that Interest Period which appears
                 on the display designated as "Page 3750" or "Page 3740", as
                 appropriate, on the Telerate Service (or such other page or
                 service as may replace it for the purpose of displaying London
                 interbank offered rates of prime banks for deposits in that
                 currency) at or about 11.00 a.m. on the second Business Day
                 before the first day of that Interest Period (or if that
                 currency is Sterling, at or about 11.00 a.m. on the Drawdown
                 Date);

        (b)      if no such offered quotation appears on "Page 3750" or "Page
                 3740", as appropriate, on the Telerate Service, the arithmetic
                 mean (rounded upwards to 4 decimal places) of the rates per
                 annum (as quoted to the Agent at its request) at which each
                 Reference Bank was offering deposits in that currency in an
                 amount comparable with that Advance or other sum, as the case
                 may be, to leading banks in the London interbank market for a
                 period equal to that Interest Period at or about 11.00 a.m. on
                 the second Business Day before the first day of that Interest
                 Period (or if that currency is Sterling, at or about 11.00 a.m.
                 on the Drawdown Date).

        "LONDON BUSINESS DAY" means a day (other than a Saturday or Sunday) on
        which banks are open for general interbank business in London.

        "MAJORITY LENDERS" means a group of Lenders whose Commitments comprise
        at least 66 2/3 per cent. of the Total Commitments (taking no account,
        for the purposes of this definition, of the last sentence in Clause 15.2
        (ACCELERATION)).

        "MANDATORY COST RATE" means, in relation to a Lender, the rate
        determined in accordance with Schedule 4 (MANDATORY COST RATE) and
        expressed as a rate per cent. per annum.

        "MARGIN" means the relevant percentage amount per annum as determined by
        the provisions set out in Clause 7.2 (MARGIN).

        "MARGIN STOCK" has the meaning assigned to that term under Regulation U.

        "MATERIAL ADVERSE EFFECT" means a material adverse effect on:

        (a)      the ability of the Guarantor to comply with its obligations
                 under any Financing Document; or

        (b)      the business, assets, condition (financial or otherwise),
                 performance, results of operations, or prospects of the
                 Post-Demerger Group or, if the Guarantor has confirmed or it
                 has notified the holders of Aon common stock or the US
                 Securities and Exchange Commission that the Demerger is not to
                 take place, the Group taken as a whole; or

        (c)      the validity or enforceability of the Financing Documents or
                 the rights or remedies of the Agent or the Lenders thereunder.

        "MOODY'S" means Moody's Investor Services, Inc., or any successor
        thereto.

        "MULTIEMPLOYER PLAN" means a Plan maintained pursuant to a collective
        bargaining agreement or any other arrangement to which the Guarantor or
        any member of the

                                      - 7 -
<Page>

        Controlled Group is a party to which more than one employer is obligated
        to make contributions.

        "NET WORTH" means at any date the consolidated stockholders' equity of
        the Guarantor and its consolidated Subsidiaries and which shall not
        include any gains or losses attributed to any foreign exchange
        transactions entered into by any Group Company (for the avoidance of
        doubt this definition shall be construed so as to be consistent with US
        GAAP).

        "OBLIGORS" means all and each of the Guarantor and the Borrowers.

        "ORIGINAL EURO AMOUNT" means:

        (a)      in relation to an Advance, or a Participation in an Advance,
                 denominated in euros, the amount of that Advance or that
                 Participation, as the case may be; and

        (b)      in relation to an Advance, or a Participation in an Advance,
                 denominated in an Alternative Currency, the Euro Equivalent of
                 the amount of that Advance or that Participation, as the case
                 may be, calculated as at the Drawdown Date of that Advance,

        provided that if all or part of that Advance is not made or is repaid or
        prepaid, the "Original Euro Amount" of that Advance and of the
        Participations of the Lenders in that Advance shall be correspondingly
        reduced.

        "PARTICIPATING MEMBER STATE" means any member state of the European
        Communities that adopts or has adopted the euro as its lawful currency
        in accordance with legislation of the European Union relating to
        European Monetary Union.

        "PARTICIPATION" means, in relation to a Lender and an Advance, the part
        of that Advance made available or to be made available by that Lender
        and thereafter the part of that Advance owing to that Lender from time
        to time.

        "PARTY" means a party to this Agreement.

        "PBGC" means the Pension Benefit Guaranty Corporation or any successor
        thereto.

        "PERMITTED ENCUMBRANCE" means:

        (a)      any Encumbrance subsisting under or in connection with this
                 Agreement;

        (b)      any right of set-off arising by operation of law or in the
                 ordinary course of trading;

        (c)      any retention of title to goods supplied to a Group Company in
                 the ordinary course of its trading activities;

        (d)      Encumbrances for taxes, assessments or governmental charges or
                 levies on the assets of a Group Company if the same shall not
                 at the time be delinquent or thereafter can be paid without
                 penalty, or are being contested in good faith and by
                 appropriate proceedings and for which adequate reserves in
                 accordance with GAAP have been made;

        (e)      any lien arising by operation of law in the ordinary course of
                 trading in respect of any obligation which is less than 60 days
                 overdue or which is being contested in good faith and by
                 appropriate means and for which adequate reserves have been
                 made;

                                      - 8 -
<Page>

        (f)      Encumbrances arising out of pledges or deposits under worker's
                 compensation laws, unemployment insurance, old age pensions, or
                 other social security or retirement benefits, or similar
                 legislation;

        (g)      utility easements, building restrictions and such other
                 Encumbrances or charges against real property as are of a
                 nature generally existing with respect to properties of similar
                 character and which do not in any material way affect the
                 marketability of the same or interfere with the use thereof in
                 the business of the Group Companies;

        (h)      Encumbrances created by a Group Company over deposits and
                 investments in the ordinary course of such Group Company's
                 insurance and reinsurance trade to comply with the requirements
                 of any regulatory body of insurance or insurance broking
                 business;

        (i)      Encumbrances over and limited to the balance of credit balances
                 on bank accounts of Group Companies created in order to
                 facilitate the operation of such bank accounts and other bank
                 accounts of such Group Companies on a net balance basis with
                 credit balances and debit balances on the various accounts
                 being netted off for interest purposes; and

        (j)      Encumbrances not otherwise permitted pursuant to paragraphs (a)
                 to (h) above inclusive over assets having an aggregate value,
                 and securing Indebtedness in an aggregate amount, not exceeding
                 an amount equal to 10 per cent. of the Net Worth of the
                 Guarantor (as shown in the Guarantor's most recent Accounts).

        "PLAN" means an employee pension benefit plan, as defined in Section
        3(2) of ERISA, as to which the Guarantor or any member of the Controlled
        Group may have any liability.

        "POST DEMERGER GROUP" means the Guarantor and each of its Subsidiaries
        but excluding any member of the CSC Group;

        "POTENTIAL DEFAULT" means an event or omission which, with the giving of
        any notice, the lapse of time or the satisfaction of any other condition
        in each case under Clause 15.1 (DEFAULT), would be a Default.

        "QUALIFYING LENDER" means an institution which is a bank for the
        purposes of section 840 A of the Income and Corporation Taxes Act 1988.

        "QUARTER DATE" means each 31 March, 30 June, 30 September and 31
        December.

        "REFERENCE BANKS" means the principal London offices of Citibank, N.A.,
        The Royal Bank of Scotland plc and Lloyds TSB Bank plc or such other
        bank or banks as may be agreed between the Agent (acting on the
        instructions of the Majority Lenders) and the Guarantor.

        "REGULATION "U" or "X" means, respectively, Regulation U or X of the
        Board of Governors of the Federal Reserve System as from time to time in
        effect and any successor thereto or other regulation or official
        interpretation of the Board of Governors relating to, as the case may
        be, (i) reserve requirements applicable to depository institutions or
        (ii) the extension of credit by persons other than banks, brokers and
        dealers or, by securities brokers and dealers or by banks or, as the
        case may be, by specified lenders, in each case for the purpose of
        purchasing or carrying margin stocks applicable to such persons.

        "REPORTABLE EVENT" means a reportable event as defined in Section 4043
        of ERISA and the regulations issued under such section, with respect to
        a Plan, excluding, however, such events as to which the PBGC has by
        regulation waived the requirement of Section 4043(a) of ERISA that it be
        notified within 30 days of the occurrence of such event; provided that a

                                      - 9 -
<Page>

        failure to meet the minimum funding standard of Section 412 of the Code
        and of Section 302 of ERISA shall be a Reportable Event regardless of
        the issuance of any such waiver of the notice requirement in accordance
        with either Section 4043(a) of ERISA or Section 412(d) of the Code.

        "RELEVANT PERIOD" means:

        (a)      each financial year of the Guarantor; and

        (b)      each period beginning on the first day of the second half of a
                 financial year of the Guarantor and ending on the last day of
                 the first half of its next financial year.

        "RESERVATIONS" means the principle that equitable remedies are remedies
        which may be granted or refused at the discretion of the court, the
        limitation of enforcement by-laws relating to bankruptcy, insolvency,
        liquidation, reorganisation, court schemes, moratoria, administration
        and other laws generally affecting the rights of creditors, the time
        barring of claims under the Limitation Act 1980, the possibility that an
        undertaking to assume liability for or to indemnify against non-payment
        of United Kingdom stamp duty may be void, defences of set off or
        counterclaim and similar principles or any analogous general principles
        of law under the laws of any other jurisdictions in which relevant
        obligations have to be performed.

        "REVOLVING ADVANCE" means an advance made or to be made to a Borrower
        under the Revolving Credit Facility or, as the case may be, the
        outstanding principal amount of any such advance.

        "REVOLVING CREDIT COMMITMENT" means, in relation to a Lender, the
        principal amount described as such set opposite its name in Schedule 1
        (THE LENDERS) or set out under the heading "Amount of Commitment
        Transferred" in the schedule to any relevant Transfer Certificate, in
        each case as reduced or cancelled in accordance with this Agreement.

        "REVOLVING CREDIT COMMITMENT PERIOD" means the period starting on the
        date of this Agreement and ending on the date falling 1 month before the
        Final Repayment Date in relation to the Revolving Credit Facility.

        "REVOLVING CREDIT FACILITY" means the multicurrency revolving loan
        facility referred to in Clause 2.1.1(a).

        "REVOLVING CREDIT FACILITY LIMIT" means, subject to Clause 8.5
        (CANCELLATION), EURO 250,000,000.

        "S&P" means Standard & Poor's Ratings Group, a division of The
        McGraw-Hill Companies, or any successor thereto.

        "SINGLE EMPLOYER PLAN" means a Plan subject to Title IV of ERISA
        maintained by the Guarantor or any member of the Controlled Group for
        employees of the Guarantor or any member of the Controlled Group, other
        than a Multiemployer Plan.

        "STERLING" and "L" means the lawful currency for the time being of the
        United Kingdom.

        "SUBSIDIARY" means a subsidiary within the meaning of section 736 of the
        Act.

        "SUBSTANTIAL PORTION" assets which (a) represent more than 10 per cent.
        of the consolidated assets of the Group, as shown in the most recent
        quarterly consolidated management accounts of the Guarantor delivered to
        the Agent pursuant to Clause 13.1.2 (MANAGEMENT ACCOUNTS) preceding the
        date on which such determination is made, or (b)

                                     - 10 -
<Page>

        are responsible for more than 10 per cent. of the consolidated net sales
        or of the net income of the Group for the 12 month period ending on the
        Quarter Date immediately preceding the date of determination as shown by
        the relevant quarterly consolidated management accounts delivered to the
        Agent pursuant to Clause 13.1.2 (MANAGEMENT ACCOUNTS).

        "TAXES" includes all present and future taxes, charges, imposts, duties,
        levies, deductions, withholdings or fees of any kind whatsoever, or any
        amount payable on account of or as security for any of the foregoing, by
        whomsoever on whomsoever and wherever imposed, levied, collected,
        withheld or assessed, together with any penalties, additions, fines,
        surcharges or interest relating thereto; and "TAX" and "TAXATION" shall
        be construed accordingly.

        "TERM ADVANCE" means an advance made or to be made to a Borrower under
        the 364 Day Facility which is to be repaid on the first anniversary of
        the Drawdown Date of such advance or, as the case may be, the
        outstanding principal amount of any such advance.

        "TRANSITIONAL SERVICES" means the services to be provided by the
        Post-Demerger Group to the CSC Group, including but not limited to human
        resource administration services, IT and telecommunications support and
        services, payroll, salary and employee benefits services, tax, audit and
        accounting services, legal services, treasury services (cash investment,
        foreign exchange, derivatives and hedging), intellectual property
        licensing, premium financing services, claims administration services
        and benefits/brokerage consultancy and risk management services.

        "364 DAY ADVANCE" means an advance made or to be made to a Borrower
        under the 364 Day Facility (which, for the avoidance of doubt, includes
        a Term Advance) or, as the case may be, the outstanding principal amount
        of any such advance.

        "364 DAY COMMITMENT" means, in relation to a Lender, the principal
        amount described as such set opposite its name in Schedule 1 (THE
        LENDERS) or set out under the heading "Amount of Commitment Transferred"
        in the schedule to any relevant Transfer Certificate, in each case as
        reduced or cancelled in accordance with this Agreement.

        "364 DAY COMMITMENT PERIOD" means the period starting on the date of
        this Agreement and ending on the date falling 364 days after the date of
        this Agreement.

        "364 DAY FACILITY" means the 364 day facility referred to in Clause
        2.1.1(ii).

        "364 DAY FACILITY LIMIT" means, subject to Clause 8.5 (CANCELLATION),
        EURO 250,000,000.

        "TERMINATION EVENT" means, with respect to a plan which is subject to
        Title IV of ERISA, (a) a Reportable Event, (b) the withdrawal of the
        Guarantor or any other member of the Controlled Group from such Plan
        during a plan year in which the Guarantor or any other member of the
        Controlled Group was a "substantial employer" as defined in Section
        4001(a)(2) of ERISA or was deemed such under Section 4062(e) of ERISA,
        (c) the termination of such Plan, the filing of a notice of intent to
        terminate such Plan or the treatment of an amendment of such Plan as a
        termination under Section 4041 of ERISA, (d) the institution by the PBGC
        of proceedings to terminate such Plan or (e) any event or condition
        which might constitute grounds under Section 4042 or ERISA for the
        termination of or appointment of a trustee to administer, such Plan.

        "TOTAL COMMITMENTS" means the aggregate of the Commitments of the
        Lenders.

                                     - 11 -
<Page>

        "TOTAL REVOLVING CREDIT COMMITMENTS" means the aggregate of the Lenders'
        Revolving Credit Commitments.

        "TOTAL 364 DAY COMMITMENTS" means the aggregate of the Lenders' 364 Day
        Commitments.

        "TRANSFER CERTIFICATE" means a document substantially in the form set
        out in Schedule 5 (FORM OF TRANSFER CERTIFICATE).

        "UNFUNDED LIABILITY" means the amount (if any) by which the present
        value of all vested and unvested accrued benefits under a Single
        Employer Plan exceeds the fair market value of assets allocable to such
        benefits, all determined as of the then most recent valuation date for
        such Plans using PBGC actuarial assumptions for single employer plan
        terminations.

        "UK BORROWER" means a Borrower within the charge to UK corporation tax.

        "US" means the United States of America.

        "US LOAN AGREEMENT NUMBER 1" means the credit agreement dated 14 January
        1997 as amended on 10 October 1997 among the Guarantor, certain lenders,
        certain co-agents and The First National Lender of Chicago as agent.

        "US LOAN AGREEMENT NUMBER 2" means the $600,000,000 revolving credit
        agreement dated 8 October 1998 as amended and restated on 15 September
        2000 among the Guarantor, certain lenders and the First National Bank of
        Chicago as arranger.

        "VAT" means value added tax as provided for in the Value Added Tax Act
        1994 and legislation (or purported legislation and whether delegated or
        otherwise) supplemental to that Act or in any primary or secondary
        legislation promulgated by the European Community or any official body
        or agency of the European Community, and any tax similar or equivalent
        to value added tax imposed by any country other than the United Kingdom
        and any similar or turnover Tax replacing or introduced in addition to
        any of the same.

        "WHOLLY OWNED SUBSIDIARY" means a directly or indirectly wholly-owned
        subsidiary within the meaning of Section 736 of the Act.

1.2     HEADINGS

        The headings in this Agreement are for convenience only and shall be
        ignored in construing this Agreement.

1.3     INTERPRETATION

        In this Agreement (unless otherwise provided):

        1.3.1    words importing the singular shall include the plural and vice
                 versa;

        1.3.2    references to Clauses and Schedules are to be construed as
                 references to the clauses of, and schedules to, this Agreement;

        1.3.3    references to any Financing Document or any other document
                 shall be construed as references to that Financing Document or
                 that other document, as amended, varied, novated or
                 supplemented, as the case may be;

        1.3.4    references to any statute or statutory provision include any
                 statute or statutory provision which amends, extends,
                 consolidates or replaces the same, or which has

                                     - 12 -
<Page>

                 been amended, extended, consolidated or replaced by the same,
                 and shall include any orders, regulations, instruments or other
                 subordinate legislation made under the relevant statute;

        1.3.5    references to a document being "IN THE AGREED FORM" means that
                 document the form and content of which has been approved by the
                 Agent and the Guarantor and which has endorsed on it the words
                 "IN THE AGREED FORM" and which is initialled by or on behalf of
                 the Agent and the Guarantor;

        1.3.6    references to "ASSETS" shall include revenues and the right to
                 revenues and property and rights of every kind, present, future
                 and contingent and whether tangible or intangible (including
                 uncalled share capital);

        1.3.7    the words "INCLUDING" and "IN PARTICULAR" shall be construed as
                 being by way of illustration or emphasis only and shall not be
                 construed as, nor shall they take effect as, limiting the
                 generality of any foregoing words;

        1.3.8    the words "OTHER" and "OTHERWISE" shall not be construed
                 EJUSDEM GENERIS with any foregoing words where a wider
                 construction is possible;

        1.3.9    references to a "PERSON" shall be construed so as to include
                 that person's assigns, transferees or successors in title and
                 shall be construed as including references to an individual,
                 firm, partnership, joint venture, company, corporation,
                 unincorporated body of persons or any state or any agency of a
                 state;

        1.3.10   where there is a reference in this Agreement to any amount,
                 limit or threshold specified in euro, in ascertaining whether
                 or not that amount, limit or threshold has been attained,
                 broken or achieved, as the case may be, a non-euro amount shall
                 be counted on the basis of the Euro Equivalent at that time;

        1.3.11   references to liability or liabilities are to be construed to
                 include all liabilities and obligations whether actual,
                 contingent, present or future and whether incurred solely or
                 jointly; and

        1.3.12   references to time are to London time.

1.4     THIRD PARTY RIGHTS

        1.4.1    Unless expressly provided to the contrary in a Financing
                 Document, a person who is not a party to a Financing Document
                 may not enforce any of its terms under the Contracts (Rights of
                 Third Parties) Act 1999.

        1.4.2    Notwithstanding any terms of any Financing Document, the
                 consent of any third party is not required for any variation
                 (including any release or compromise of any liability) under or
                 termination of that Financing Document.

2       FACILITIES

2.1     FACILITIES

        2.1.1    Subject to the terms of this Agreement, the Lenders agree to
                 make available to the Borrowers:

                 (i)   a multicurrency revolving credit facility in the maximum
                       principal amount of EURO 250,000,000; and

                                     - 13 -
<Page>

                 (ii)  a multicurrency revolving 364 day facility in the maximum
                       principal amount of EURO 250,000,000 with an option to
                       draw Term Advances.

        2.1.2    Subject to Clause 8.2 (MANDATORY PREPAYMENT ON CHANGE OF
                 CONTROL) but notwithstanding any other term of this Agreement:

                 (i)   the Original Euro Amounts of all Revolving Advances shall
                       not at any time exceed the Total Revolving Credit
                       Commitments; and

                 (ii)  the Original Euro Amounts of all 364 Day Advances shall
                       not at any time exceed the Total 364 Day Commitments.

2.2     OBLIGATIONS SEVERAL

        2.2.1    The obligations of the Arranger, Agent and each Lender under
                 this Agreement are several.

        2.2.2    The failure of the Arranger, Agent or a Lender to carry out its
                 obligations under this Agreement shall not relieve any other
                 Party of any of its obligations under this Agreement.

        2.2.3    None of the Lenders, the Arranger nor the Agent shall be
                 responsible for the obligations of any other Party under this
                 Agreement.

        2.2.4    The obligations of each Borrower under this Agreement are
                 several.

        2.2.5    The failure of any Borrower to carry out its obligations under
                 this Agreement shall not relieve any other Borrower of any of
                 its obligations under this Agreement.

        2.2.6    None of the Borrowers shall be responsible for the obligations
                 of any other Borrower under this Agreement.

2.3     RIGHTS SEVERAL

        2.3.1    The rights of each Lender, the Arranger and the Agent and each
                 Obligor under this Agreement are several. All amounts due, and
                 obligations owed, to each of them are separate and independent
                 debts or, as the case may be, obligations.

        2.3.2    Each Lender, the Arranger and the Agent may, except as
                 otherwise stated in this Agreement, separately enforce its
                 rights under this Agreement.

2.4     ADDITIONAL BORROWERS

        2.4.1    The Guarantor may, on giving notice to the Agent, nominate one
                 of its Wholly-Owned Subsidiaries as an additional Borrower
                 which is either:

                 (i)   incorporated in an Agreed Jurisdiction; or

                 (ii)  with the Agent's prior consent (acting on the
                       instructions of all of the Lenders) which is incorporated
                       outside an Agreed Jurisdiction.

        2.4.2    A Group Company wishing to become an additional Borrower shall
                 execute and deliver a Deed of Accession to the Agent together
                 with all the documents referred to in the schedule to that Deed
                 of Accession, each in form and substance satisfactory to the
                 Agent. On receiving such documents, the Agent shall execute the
                 relevant Deed of Accession.

                                     - 14 -
<Page>

        2.4.3    A Group Company shall accede to this Agreement as a Borrower on
                 the Agent counter-signing the relevant Deed of Accession.

        2.4.4    Each Party authorises the Agent to execute on its behalf a Deed
                 of Accession delivered to the Agent in accordance with the
                 terms of this Clause 2.4.

3       PURPOSE

3.1     PURPOSE

        Each Borrower shall use the proceeds of all Advances for its general
        corporate purposes or refinancing of existing Indebtedness.

3.2     NO MONITORING

        Neither the Agent, the Arranger nor any Lender shall be obliged to
        investigate or monitor the use or application of the proceeds of the
        Advances.

4       CONDITIONS PRECEDENT

        Notwithstanding any other provision of this Agreement, none of the Agent
        and the Lenders shall be under any obligation to make the Facilities
        available to the Borrowers unless the Agent has notified the Guarantor
        and the Lenders that it has received all the documents listed in
        Schedule 2 (CONDITIONS PRECEDENT) (in form and content satisfactory to
        the Agent), which it shall do promptly on receipt of such satisfactory
        documentation.

5       REVOLVING CREDIT FACILITY AND 364 DAY FACILITY

5.1     UTILISATION OF REVOLVING CREDIT FACILITY AND 364 DAY FACILITY

        5.1.1    Subject to the other terms of this Agreement, Revolving
                 Advances shall be made to any Borrower at any time during the
                 Revolving Credit Commitment Period when requested by that
                 Borrower by means of a Drawdown Notice in accordance with this
                 Clause 5. At the close of business on the last day of the
                 Revolving Credit Commitment Period, the Revolving Credit
                 Facility shall cease to be available for utilisation.

        5.1.2    Subject to the terms of this Agreement, 364 Day Advances
                 (including, for the avoidance of doubt, Term Advances) shall be
                 made to any Borrower at any time during the 364 Day Commitment
                 Period when requested by that Borrower by means of a Drawdown
                 Notice in accordance with this Clause 5.1 At the close of
                 business on the last day of the 364 Day Commitment Period,
                 subject to Clause 8.6 (EXTENSIONS TO 364 DAY COMMITMENT
                 PERIOD), the 364 Day Facility shall cease to be available for
                 utilisation.

5.2     LIMITATIONS ON ADVANCES

        The following limitations apply to Advances:

        5.2.1    the Drawdown Date of a Revolving Advance or a 364 Day Advance
                 shall be a Business Day falling before the end of the Revolving
                 Credit Commitment Period or the 364 Day Commitment Period, as
                 the case may be;

        5.2.2    the principal amount of an Advance denominated in euros shall
                 be:

                                     - 15 -
<Page>

                 (i)   a minimum amount of EURO 10,000,000 and an integral
                       multiple of EURO 1,000,000; or

                 (ii)  the amount of the Available Revolving Credit Facility or
                       the Available 364 Day Facility, as the case may be;

        5.2.3    the principal amount of an Advance denominated in an
                 Alternative Currency shall be:

                 (i)   in an Original Euro Amount of at least EURO 10,000,000
                       (and integral multiples of EURO 1,000,000) and a round
                       amount in that currency as the Agent and the relevant
                       Borrower may agree; or

                 (ii)  in an Original Euro Amount equal to the Available
                       Revolving Credit Facility or the Available 364 Day
                       Facility, as the case may be;

        5.2.4    no Revolving Advance shall be made if the making of that
                 Revolving Advance would result in the Original Euro Amount of
                 all Revolving Advances exceeding the Revolving Credit Facility
                 Limit;

        5.2.5    no 364 Day Advance shall be made if the making of that 364 Day
                 Advance would result in the Original Euro Amount of all 364 Day
                 Advances exceeding the 364 Day Facility Limit;

        5.2.6    no more than 12 Advances may be outstanding at any one time;
                 and

        5.2.7    in the case of an Advance denominated in an Alternative
                 Currency, the requirements of Clause 6 (ALTERNATIVE CURRENCIES)
                 are met.

5.3     CONDITIONS TO EACH ADVANCE

        5.3.1    Subject to Clause 5.3.2, the obligation of each Lender to make
                 available its Participation in an Advance is subject to the
                 conditions that on the date on which the relevant Drawdown
                 Notice is given and on the Drawdown Date:

                 (i)   the representations and warranties in Clause 12
                       (REPRESENTATIONS AND WARRANTIES) to be repeated on those
                       dates are correct and will be correct immediately after
                       the Advance is made; and

                 (ii)  no Default or Potential Default has occurred and is
                       continuing or would occur on the making of the Advance.

        5.3.2    In respect of an Advance to be made for the sole purpose of
                 repaying an outstanding Advance in a matching amount, the
                 Advance shall be made, notwithstanding the occurrence and
                 continuation of a Default or a Potential Default or any of the
                 representations and warranties to be repeated not being
                 correct, unless the Agent shall have served a Default Notice.

5.4     DRAWDOWN NOTICE

        5.4.1    Whenever a Borrower wishes to draw down an Advance, it shall
                 give a duly completed Drawdown Notice to the Agent to be
                 received not later than 12.00 noon on the third Business Day
                 before the Drawdown Date (or in the case of an Advance to be
                 denominated in Sterling, not later than 12.00 noon on the first
                 Business Day before the Drawdown Date).

                                     - 16 -
<Page>

        5.4.2    A Drawdown Notice for an Advance to be denominated in euros may
                 only be given on a London Business Day.

        5.4.3    A Drawdown Notice shall be irrevocable and the relevant
                 Borrower shall be obliged to borrow in accordance with its
                 terms.

5.5     NOTIFICATION TO LENDERS

        The Agent shall promptly notify each Lender of the details of each
        Drawdown Notice received by it and the Original Euro Amount of the
        relevant requested Advance.

5.6     PARTICIPATIONS

        5.6.1    Subject to the terms of this Agreement, each Lender acting
                 through its Lending Office shall make available to the Agent on
                 the Drawdown Date for an Advance an amount equal to its
                 Participation in the amount and currency specified in the
                 Drawdown Notice for that Advance.

        5.6.2    For the purposes of Clause 5.6.1:

                 (i)   the Participation of a Lender in a Revolving Advance
                       shall be the proportion of that Revolving Advance equal
                       to the proportion borne by that Lender's Available
                       Revolving Credit Commitment to the Available Revolving
                       Credit Facility on the Drawdown Date of that Revolving
                       Advance; and

                 (ii)  the Participation of a Lender in a 364 Day Advance shall
                       be the proportion of that 364 Day Advance equal to the
                       proportion borne by that Lender's Available 364 Day
                       Commitment to the Available 364 Day Facility on the
                       Drawdown Date of that 364 Day Advance.

6       ALTERNATIVE CURRENCIES

6.1     REQUESTS FOR ALTERNATIVE CURRENCY

        A Borrower may request in a Drawdown Notice that an Advance be
        denominated in an Alternative Currency.

6.2     NO ALTERNATIVE CURRENCY

        If, no later than 10.00 a.m. on the second Business Day before, or in
        the case of an Advance to be denominated in Sterling no later than 10
        a.m. on, the first day of an Interest Period in relation to an Advance
        which is proposed to be denominated in an Alternative Currency (other
        than, prior to the Commencement Date, Dollars), a Lender notifies the
        Agent that:

        6.2.1    for whatever reason it is impracticable for that Lender to fund
                 its Participation in that Advance in the proposed Alternative
                 Currency in the ordinary course of business in the London
                 interbank market; or

        6.2.2    central bank or other governmental authorisation in the country
                 of the proposed Alternative Currency is required to permit its
                 use by that Lender for the making of that Advance and the
                 authorisation has not been obtained or is not in full force and
                 effect or is subject to unacceptable conditions; or

        6.2.3    the use of the proposed Alternative Currency is restricted or
                 prohibited by any request, directive, regulation or guideline
                 of any governmental body, agency,

                                     - 17 -
<Page>

                 department or regulatory or other authority (whether or not
                 having the force of law) in accordance with which that Lender
                 is accustomed to act,

        the Agent shall notify the Guarantor and the Lenders by 11.00 a.m. on
        the same day. In this event, the Guarantor and the Lenders may agree
        that the Advance shall not be made, provided that in the absence of such
        agreement by 12.00 noon on the same day, that Lenders Participation in
        the Advance shall be denominated in euros, there shall be substituted in
        the definition of "EURIBOR" in Clause 1.1 (DEFINITIONS AND
        INTERPRETATION) for the time "11.00 a.m." the time "1.00 p.m.", and its
        participation shall be treated as a separate Advance during that
        Interest Period.

6.3     EXCHANGE RATE MOVEMENTS

        In relation to each Term Advance drawn in an Alternative Currency, if on
        the date falling 6 months after the Drawdown Date of such Term Advance
        the Agent determines that the Euro Equivalent (calculated on that date)
        of that Term Advance exceeds the Original Euro Amount of that Term
        Advance by 5 per cent. or more, (all of such excess being hereafter
        referred to as the "EXCESS AMOUNT") the relevant Borrower shall, within
        2 Business Days of receiving the Agent's demand so to do:

        6.3.1    pay to the credit of such blocked account or accounts as the
                 Agent shall stipulate, an amount equal to the Excess Amount; or

        6.3.2    repay an amount of the relevant Term Advance equal to the
                 Excess Amount.

7       INTEREST

7.1     INTEREST RATE

        Interest shall accrue on each Advance from and including the relevant
        Drawdown Date to but excluding the date the Advance is repaid at the
        rate determined by the Agent to be the aggregate of:

        7.1.1    the Margin;

        7.1.2    LIBOR or, in relation to any Advance in euro, EURIBOR; and

        7.1.3    the Mandatory Cost Rate.

7.2     MARGIN

        The Margin shall, on any day, in relation to:

        (i)      the Revolving Credit Facility be the percentage amount per
                 annum set out in Column B below; and

        (ii)     the 364 Day Facility be the percentage amount per annum set out
                 in Column C below,

        in each case, opposite the Debt Rating Level at the opening of business
        in London on that day set out in Column A below:

<Table>
<Caption>
                                        COLUMN B                        COLUMN C
         COLUMN A                       REVOLVING CREDIT FACILITY       364 DAY FACILITY
         DEBT RATING LEVEL              MARGIN                          MARGIN
         <S>                            <C>                             <C>
         Level 1                        0.325                           0.275
</Table>

                                     - 18 -
<Page>

<Table>
<Caption>
                                        COLUMN B                        COLUMN C
         COLUMN A                       REVOLVING CREDIT FACILITY       364 DAY FACILITY
         DEBT RATING LEVEL              MARGIN                          MARGIN
         <S>                            <C>                             <C>
         Level 2                        0.375                           0.325
         Level 3                        0.525                           0.425
</Table>

        provided that if on such day:

                 (i)   the Debt Rating Level given by one of S&P or Moody's is
                       Level 1 and by the other of S&P or Moody's is Level 2,
                       Level 1 shall be the Debt Rating Level; or

                 (ii)  the Debt Rating Level given by one of S&P or Moody's is
                       Level 2 and by the other of S&P or Moody's is Level 3,
                       Level 2 shall be the Debt Rating Level; or

                 (iii) the Debt Rating given by one of S&P or Moody's is Level 1
                       and by the other of S&P or Moody's is Level 3, Level 2
                       shall be the Debt Rating Level.

7.3     INTEREST PERIODS

        7.3.1    Interest payable on each Advance shall be calculated by
                 reference to Interest Periods of 1, 2, 3 or 6 months' duration
                 (or such other Interest Period as the Agent, acting on the
                 instructions of the Lenders, may allow).

        7.3.2    The relevant Borrower shall select an Interest Period for an
                 Advance in the relevant Drawdown Notice. In the case of any
                 subsequent Interest Period for a Term Advance, the relevant
                 Borrower may select an Interest Period for such Term Advance by
                 notice received by the Agent on a London Business Day no later
                 than 12:00 noon 3 Business Days before the commencement of that
                 Interest Period.

        7.3.3    In respect of Term Advances interest shall be calculated by
                 reference to successive Interest Periods. The first Interest
                 Period for a Term Advance shall begin on the Drawdown Date for
                 that Term Advance. Each succeeding Interest Period for that
                 Term Advance shall begin on the last day of the previous
                 Interest Period.

        7.3.4    If a Borrower fails to select an Interest Period for an Advance
                 in accordance with Clause 7.3.2, that Interest Period shall,
                 subject to the other provisions of this Clause 7, be one month.

        7.3.5    If an Interest Period would otherwise end on a day which is not
                 a Business Day, that Interest Period shall instead end on the
                 next Business Day in the same calendar month (if there is one)
                 or the preceding Business Day (if there is not).

        7.3.6    If an Interest Period begins on the last Business Day in a
                 calendar month or on a Business Day for which there is no
                 numerically corresponding day in the calendar month in which
                 that Interest Period is to end, it shall end on the last
                 Business Day in that later calendar month.

        7.3.7    If an Interest Period for an Advance would otherwise extend
                 beyond the Final Repayment Date relating to the Facility under
                 which such Advance is made, it shall be shortened so that it
                 ends on that Final Repayment Date.

                                     - 19 -
<Page>

7.4     DEFAULT INTEREST

        7.4.1    If an Obligor fails to pay any amount payable under any
                 Financing Document on the due date, it shall pay default
                 interest on the overdue amount from the due date to the date of
                 actual payment calculated by reference to successive Interest
                 Periods (each of such duration as the Agent may select and the
                 first beginning on the relevant due date) at the rate per annum
                 being the aggregate of (a) 1 per cent. per annum, (b) the
                 Margin, (c) LIBOR or, as the case may be, EURIBOR and (d) the
                 Mandatory Cost Rate.

        7.4.2    So long as the overdue amount remains unpaid, the default
                 interest rate shall be recalculated in accordance with the
                 provisions of this Clause 7.4 on the last day of each such
                 Interest Period and any unpaid interest shall be compounded at
                 the end of each Interest Period.

7.5     CALCULATION AND PAYMENT OF INTEREST

        7.5.1    At the beginning of each Interest Period, the Agent shall
                 notify the Lenders and the relevant Borrower of the duration of
                 the Interest Period and the rate and amount of interest payable
                 for the Interest Period (but in the case of any default
                 interest calculated under Clause 7.4 (DEFAULT INTEREST), any
                 such notification need not be made more frequently than
                 weekly). Each notification shall set out in reasonable detail
                 the basis of computation of the amount of interest payable.

        7.5.2    Interest due from a Borrower under this Agreement shall:

                 (i)   accrue from day to day at the rate calculated under this
                       Clause 7;

                 (ii)  except as otherwise provided in this Agreement, be paid
                       by the relevant Borrower to the Agent (for the account of
                       the Lenders or the Agent, as the case may be) in arrear
                       on the last day of each Interest Period, provided that
                       for any Interest Period which is longer than 6 months,
                       the relevant Borrower shall pay interest 6 monthly in
                       arrear during that Interest Period;

                 (iii) be calculated on the basis of the actual number of days
                       elapsed and a 360 day year (or a 365 day year in the case
                       of interest on an Advance denominated in Sterling) or, if
                       different, such number of days as is market practice for
                       the relevant currency; and

                 (iv)  be payable both before and after judgment.

7.6     AGENT'S DETERMINATION

        The determination by the Agent of any interest payable under this
        Clause 7 shall be conclusive and binding on the Borrowers in the absence
        of manifest error.

7.7     TAUX EFFECTIF GLOBAL

        In order to comply with the provisions of Articles L313-1 and L313-2 of
        the French consumer code ("CODE DE LA CONSOMMATION"), the effective
        global rate ("TAUX EFFECTIF GLOBAL") calculated in accordance with the
        articles referred to above is as set out in a letter dated the date of
        this Agreement from the Agent to Aon France S.A. in the form of Schedule
        7 (FORM OF TEG LETTER).

                                     - 20 -
<Page>

8       REPAYMENT, PREPAYMENT, CANCELLATION AND EXTENSION

8.1     REPAYMENT

        8.1.1    Subject to Clause 8.1.2, the relevant Borrower shall repay:

                 (i)   each Advance (other than a Term Advance) in full on the
                       last day of the Interest Period relating to that Advance;
                       and

                 (ii)  each Term Advance on the Final Repayment Date relating to
                       that Term Advance.

        8.1.2    If all or part of an existing Advance made to a Borrower is to
                 be repaid from the proceeds of all or part of a new Advance
                 denominated in the same currency as that existing Advance to be
                 made to that Borrower, then as between each Lender and that
                 Borrower, the amount to be repaid by that Borrower shall be set
                 off against the amount to be advanced by that Lender in
                 relation to the new Advance and the party to whom the smaller
                 amount is to be paid shall pay to the other party a sum equal
                 to the difference between the two amounts.

8.2     MANDATORY PREPAYMENT ON CHANGE OF CONTROL

        8.2.1    The Guarantor shall by a written notice (a "NOTICE") notify the
                 Agent of a Change of Control no later than the date on which
                 such Change of Control occurs and the Agent, upon receiving the
                 Notice shall promptly notify the Lenders.

        8.2.2    Within 30 days of the date of occurrence of any Change of
                 Control, each Lender shall notify the Agent and the Guarantor
                 whether or not it requires its Participation in all Advances
                 (if any) to be prepaid and its Commitment to be cancelled. If a
                 Lender so notifies the Agent and the Guarantor:

                 (i)   as from the date of such notification that Lender's
                       Commitment shall be cancelled; and

                 (ii)  within 60 days of the date of occurrence of the Change of
                       Control the aggregate Participations of that Lender in
                       all Advances shall be repaid in full.

        8.2.3    Any mandatory prepayment made under this Clause 8.2 shall be
                 made together with accrued interest on the amount prepaid and
                 any amounts payable under Clause 24.1 (BREAKAGE COSTS
                 INDEMNITY).

8.3     VOLUNTARY PREPAYMENT

        8.3.1    Subject to Clause 8.3.3, any Borrower may, by giving not less
                 than 10 Business Days' prior notice to the Agent, without
                 premium or penalty prepay the whole or any part of any Advance
                 (but if in part, in a minimum amount of EURO 10,000,000 and an
                 integral multiple of EURO 5,000,000).

        8.3.2    Any prepayment under this Clause 8.3 shall be made together
                 with accrued interest on the amount prepaid and any amounts
                 payable under Clause 24.1 (BREAKAGE COSTS INDEMNITY).

        8.3.3    The Borrowers may not prepay all or part of any Advance except
                 as expressly provided in this Agreement.

                                     - 21 -
<Page>

8.4     RE-BORROWING OF ADVANCES

        8.4.1    Subject to the terms of this Agreement, any amounts repaid
                 under this Agreement (other than a Term Advance) may be
                 re-borrowed.

        8.4.2    Subject to Clauses 8.6.5 any amount repaid or prepaid in
                 relation to a Term Advance may not be re-borrowed.

8.5     CANCELLATION

        8.5.1    The Guarantor may, by giving the Agent not less than 15
                 Business Days' prior notice, cancel all or part of the
                 Available Revolving Credit Facility or the Available 364 Day
                 Facility, as the case may be, (but if in part, in a minimum
                 amount of EURO 10,000,000 and an integral multiple of
                 EURO 5,000,000).

        8.5.2    Any notice of cancellation shall be irrevocable and shall
                 specify the date on which the cancellation shall take effect
                 and the amount of the cancellation. The Agent shall promptly
                 notify the Lenders of receipt of any such notice.

        8.5.3    The Borrowers may not borrow any part of a Facility which has
                 been cancelled. Any cancellation shall reduce each Lender's
                 Revolving Credit Commitment or 364 Day Commitment, as the case
                 may be, rateably and shall reduce the Revolving Credit Facility
                 Limit or the 364 Day Facility Limit, as the case may be, by the
                 aggregate amount so cancelled.

        8.5.4    The Borrowers may not cancel all or part of the Facilities
                 except as expressly provided in this Agreement.

8.6     EXTENSIONS TO 364 DAY COMMITMENT PERIOD

        8.6.1    The Guarantor may at any time by notice to the Agent request an
                 extension to the 364 Day Commitment Period, subject to the
                 provisions of this Clause 8.6.

        8.6.2    Upon receipt of any such request, the Lenders shall undertake a
                 full credit assessment of the Obligors. None of the Lenders
                 shall be under any legal or moral obligation to extend the 364
                 Day Commitment Period. No extension shall be effective unless
                 agreed in writing by the Agent acting on the instructions of
                 all the Lenders.

        8.6.3    If the Guarantor requests an extension during the final sixty
                 days of the 364 Day Commitment Period, each of the Lenders
                 shall, at its absolute discretion, have the option:

                 (i)   subject to Clause 8.6.2, to extend the 364 Day Commitment
                       Period for a further period of 364 days from the date on
                       which the 364 Day Commitment Period is then due to
                       expire; or

                 (ii)  to decline such request.

        8.6.4    If the Guarantor requests an extension otherwise than in
                 accordance with Clause 8.6.3, each of the Lenders shall, at its
                 absolute discretion, have the option:

                 (i)   subject to Clause 8.6.2 and to the agreement of all of
                       the Lenders to extend the 364 Day Commitment Period for a
                       further period of 364 days from the date on which the
                       Agent gives written notice to the Guarantor of the
                       Lenders' agreement, to extend the 364 Day Commitment
                       Period; or

                                     - 22 -
<Page>

                 (ii)  to decline such request, in which event, each Lender may,
                       at or after the time of such request, immediately cancel
                       the undrawn portion of its 364 Day Commitment.

        8.6.5    If the Lenders agree to extend the 364 Day Commitment Period
                 pursuant to this Clause 8.6, any amount in relation to a Term
                 Advance repayable during such extended period may be redrawn as
                 a 364 Day Advance prior to the expiry of such extended period.

9       CHANGES IN CIRCUMSTANCES

9.1     ILLEGALITY

        If, after the date of this Agreement, it becomes illegal for a Lender to
        maintain its Commitment or to continue to make available or fund its
        Participation in any Advance, then that Lender shall notify the Agent
        and the Guarantor and, upon it becoming so illegal:

        9.1.1    the Commitment of that Lender shall be cancelled immediately;
                 and

        9.1.2    the Borrowers shall prepay to the Agent (for the account of
                 that Lender) that Lender's Participation in all Advances
                 (together with accrued interest on the amount prepaid and all
                 other amounts owing to that Lender under this Agreement) within
                 10 Business Days of demand by that Lender (or, if permitted by
                 the relevant law, on the last day of the Interest Period of the
                 relevant Advances).

        Any such prepayment under paragraph 9.1.2 above shall not be subject to
        Clause 24.1 (BREAKAGE COSTS INDEMNITY).

9.2     INCREASED COSTS

        9.2.1    If, after the date of this Agreement, a Change occurs which
                 causes an Increased Cost (as defined in Clause 9.2.3) to a
                 Lender (or any company of which that Lender is a Subsidiary)
                 then each relevant Borrower shall pay (as additional interest)
                 to the Agent (for the account of that Lender) within 5 Business
                 Days of demand the amount of such Increased Cost.

        9.2.2    Any demand made under Clause 9.2.1 shall be made by the
                 relevant Lender through the Agent and shall set out in
                 reasonable detail so far as is practicable the basis of
                 computation of the Increased Cost.

        9.2.3    In this Clause 9.2:

                 "INCREASED COST" means any cost to, or reduction in the amount
                 payable to, or reduction in the return on capital or regulatory
                 capital achieved by, a Lender (or any company of which that
                 Lender is a Subsidiary) to the extent that it arises, directly
                 or indirectly, as a result of the Change and is attributable to
                 the Commitment or Participation in any Advance of that Lender
                 or the funding of that Lender's Participation in any Advance
                 including:

                 (i)   any Tax Liability (other than Tax on Overall Net Income)
                       incurred by that Lender;

                 (ii)  any changes in the basis or timing of Taxation of that
                       Lender in relation to its Commitment or Participation in
                       any Advance or to the funding of that

                                     - 23 -
<Page>

                       Lender's Participation in any Advance (other than Tax on
                       Overall Net Income);

                 (iii) the cost to that Lender (or any company of which that
                       Lender is a Subsidiary) of complying with, or the
                       reduction in the amount payable to or reduction in the
                       return on capital or regulatory capital achieved by that
                       Lender (or any company of which that Lender is a
                       Subsidiary) as a result of complying with, any capital
                       adequacy or similar requirements howsoever arising,
                       including as a result of an increase in the amount of
                       capital to be allocated to any Facility or of a change to
                       the weighting of that Lender's Commitment or
                       Participation in any Advance; and

                 (iv)  the cost to that Lender of complying with any reserve,
                       cash ratio, special deposit or liquidity requirements (or
                       any other similar requirements).

                 "TAX LIABILITY" means, in respect of any person:

                 (i)   any liability or any increase in the liability of that
                       person to make any payment of or in respect of Tax;

                 (ii)  the loss of any relief, allowance, deduction or credit in
                       respect of Tax which would otherwise have been available
                       to that person;

                 (iii) the setting off against income, profits or gains or
                       against any Tax liability of any relief, allowance,
                       deduction or credit in respect of Tax which would
                       otherwise have been available to that person; and

                 (iv)  the loss or setting off against any Tax liability of a
                       right to repayment of Tax which would otherwise have been
                       available to that person.

                 For the purposes of this definition of "Tax Liability", any
                 question of whether or not any relief, allowance, deduction,
                 credit or right to repayment of Tax has been lost or set off,
                 and if so, the date on which that loss or set-off took place,
                 shall be conclusively determined by the relevant person's
                 auditors.

                 "TAX ON OVERALL NET INCOME" means, in relation to a Lender, Tax
                 (other than Tax deducted or withheld from any payment) imposed
                 on the net profits of that Lender by the jurisdiction in which
                 its Lending Office or its head office is situated.

        9.2.4    A relevant Borrower shall not be obliged to make a payment in
                 respect of an Increased Cost under this Clause 9.2:

                 (i)   if and to the extent that the Increased Cost has been
                       compensated for by the payment of an amount in respect of
                       the Mandatory Cost Rate or the operation of Clause 10.9
                       (GROSSING-UP) or which would have been compensated but
                       for the operation of Clause 10.9.4; or

                 (ii)  which is attributable to any breach by a Lender of any
                       law or legally binding requirement of any central bank or
                       other monetary, fiscal or other authority to which it is
                       subject.

        9.2.5    If any Borrower is required to pay any amount to a Lender under
                 this Clause 9.2, then, without prejudice to that obligation and
                 so long as the circumstances giving rise to the relevant
                 Increased Cost are continuing and subject to the Guarantor
                 giving the Agent and that Lender not less than 10 days' prior
                 notice (which shall be irrevocable), the Borrowers may prepay
                 all, but not part, of that Lender's

                                     - 24 -
<Page>

                 Participation in the Advances together with accrued interest on
                 the amount prepaid. Any such prepayment shall be subject to
                 Clause 24.1 (BREAKAGE COSTS INDEMNITY) On any such prepayment
                 the Commitment of the relevant Lender shall be automatically
                 cancelled.

        9.2.6    A Lender intending to make a claim pursuant to this Clause 9.2
                 shall notify the Agent of the event by reason of which it is
                 entitled to do so setting out in reasonable detail the
                 computation of such claim whereupon the Agent shall notify the
                 Guarantor thereof provided that nothing herein shall require
                 such Lender to disclose any confidential information relating
                 to the funding of its obligations hereunder or generally.

9.3     MARKET DISRUPTION

        If, in relation to a proposed Advance and a particular Interest Period:

        9.3.1    there is no relevant offered quotation on the Telerate Service
                 as specified in paragraph (a) of the definition of "LIBOR" or
                 "EURIBOR", as the case may be, in Clause 1.1 (DEFINITIONS AND
                 INTERPRETATION), and the Agent determines that, because of
                 circumstances affecting the London interbank market generally,
                 reasonable and adequate means do not exist for ascertaining
                 "LIBOR" or "EURIBOR", as the case may be, for that Advance for
                 the relevant Interest Period; or

        9.3.2    the Agent has been notified by close of business on the day
                 LIBOR or EURIBOR, as the case may be, is determined, by a group
                 of Lenders whose Commitments together exceed 50 per cent. of
                 the Total Revolving Credit Commitments or, as the case may be,
                 the Total 364 Day Commitments that in their opinion:

                 (i)   matching deposits may not be available to them in the
                       London interbank market in the ordinary course of
                       business to fund their Participations in that Advance for
                       that Interest Period; or

                 (ii)  the cost to them of obtaining matching deposits in the
                       London interbank market would be in excess of "LIBOR" or
                       "EURIBOR", as the case may be, for the relevant Interest
                       Period,

        the Agent shall promptly notify the Guarantor and the Lenders of that
        event and that Advance shall not be made. Instead, the Agent and the
        Guarantor shall immediately enter into negotiations for a period of not
        more than 30 days with a view to agreeing a substitute basis for
        calculating the interest rate for the Advance or for funding the Advance
        (whether in euros or another currency). Any substitute basis agreed by
        the Agent (with the consent of all the Lenders) and the Guarantor shall
        take effect in accordance with its terms and be binding on all the
        Parties.

9.4     MITIGATION

        9.4.1    If any circumstances exist or arise in respect of any Lender or
                 the Agent (including, for the avoidance of doubt, a Lender
                 ceasing to be a Qualifying Lender) which would, or upon the
                 giving of notice would, result in the operation of Clause 9.1
                 (ILLEGALITY), 9.2 (INCREASED COSTS), 9.3 (MARKET DISRUPTION) or
                 10.9 (GROSSING-UP) to the detriment of any Borrower, then that
                 Lender or, as the case may be, the Agent shall:

                                     - 25 -
<Page>

                 (i)   promptly upon becoming aware of those circumstances and
                       their results, notify the Agent (in the case of a Lender)
                       and the Guarantor; and

                 (ii)  in consultation with the Agent (in the case of a Lender)
                       and the Guarantor, take reasonable steps to mitigate the
                       effects of those circumstances (including changing its
                       Lending Office or consulting with the Guarantor with a
                       view to transferring some or all of its rights and
                       obligations under this Agreement to another bank or other
                       financial institution acceptable to the Guarantor or
                       producing or filing any claim, notification or
                       information as may reasonably be required in order to
                       establish the availability of any exemption or
                       entitlement to refund in respect of the circumstances in
                       question) in a manner which will avoid the circumstances
                       in question and on terms acceptable to the Agent, the
                       Guarantor and as the case may require, that Lender,

                 provided that no Lender or the Agent shall be obliged to take
                 any steps which in its opinion would have an adverse effect on
                 its business or financial condition or the management of its
                 Tax affairs or cause it to incur any material costs or
                 expenses.

        9.4.2    Nothing in this Clause 9.4 shall limit, reduce, affect or
                 otherwise qualify the rights of any Lender or the obligations
                 of the Guarantor under Clauses 9.1 (ILLEGALITY), 9.2 (INCREASED
                 COSTS), 9.3 (MARKET DISRUPTION) and 10.9 (GROSSING-UP).

9.5     CERTIFICATES

        The certificate or notification of the Agent or, as the case may be, the
        relevant Lender as to any of the matters referred to in this Clause 9
        shall be in reasonable detail and shall be conclusive and binding on the
        Borrowers except for any manifest error.

10      PAYMENTS

10.1    PLACE AND TIME

        All payments by the Obligors or a Lender under this Agreement shall be
        made to the Agent to its account at such office or bank in the principal
        financial centre of the country of the currency concerned (or, in the
        case of euros, London) at such time as the Agent may notify to the
        Obligors or the Lenders for this purpose.

10.2    FUNDS

        All payments to the Agent under this Agreement shall be made for value
        on the due date in freely transferable and readily available funds.

10.3    DISTRIBUTION

        10.3.1   Each payment received by the Agent under this Agreement for
                 another Party shall, subject to Clauses 10.3.2 and 10.3.3, be
                 made available by the Agent to that Party by payment (on the
                 date and in the currency and funds of receipt) to its account
                 with such office or bank in the principal financial centre of
                 the country of the relevant currency (or, in the case of euros,
                 in the principal financial centre of such of the Participating
                 Member States or London as the Agent may reasonably specify) as
                 it may notify to the Agent for this purpose by not less than 5
                 London Business Days' prior notice.

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        10.3.2   The Agent may apply any amount received by it for a Borrower in
                 or towards payment (on the date and in the currency and funds
                 of receipt) of any amount due from that Borrower under this
                 Agreement or in or towards the purchase of any amount of any
                 currency to be so applied.

        10.3.3   Where a sum is to be paid to the Agent under this Agreement for
                 another Party, the Agent is not obliged to pay that sum to that
                 Party until it has established that it has actually received
                 that sum. The Agent may, however, assume that the sum has been
                 paid to it in accordance with this Agreement, and, in reliance
                 on that assumption, make available to that Party a
                 corresponding amount. If the sum has not been made available
                 but the Agent has paid a corresponding amount to another Party,
                 that Party shall immediately on demand by the Agent refund the
                 corresponding amount together with interest on that amount from
                 the date of payment to the date of receipt, calculated at a
                 rate determined by the Agent to reflect its cost of funds.

        10.3.4   Notwithstanding the provisions of this Clause 10.3, the Agent
                 shall not be liable to any Obligor or any Lender for the
                 failure, or the consequences of any failure, of any euro
                 cross-border payment system to effect same-day settlement to an
                 account of any Obligor or any Lender.

10.4    BUSINESS DAYS

        If a payment under this Agreement is due on a day which is not a
        Business Day, the due date for that payment shall instead be the next
        Business Day in the same calendar month (if there is one) or the
        preceding Business Day (if there is not).

10.5    CURRENCY

        In this Agreement,

        10.5.1   all payments by a Borrower in respect of an Advance, whether of
                 interest or principal, shall be made in the currency (or the
                 denomination of the currency) in which that Advance is
                 denominated;

        10.5.2   all payments relating to costs, losses, expenses or Taxes shall
                 be made in the currency in which the relevant costs, losses,
                 expenses or Taxes were incurred; and

        10.5.3   any other amount payable under this Agreement shall, except as
                 otherwise provided, be made in euros.

10.6    ACCOUNTS AS EVIDENCE

        Each Lender shall maintain in accordance with its usual practice an
        account which shall, as between the Borrowers and that Lender, be PRIMA
        FACIE evidence of the amounts from time to time advanced by, owing to,
        paid and repaid to that Lender under this Agreement.

10.7    PARTIAL PAYMENTS

        10.7.1   If the Agent receives a payment from or on behalf of an Obligor
                 insufficient to discharge all the amounts then due and payable
                 by that Obligor under this Agreement, the Agent shall apply
                 that payment towards the obligations of that Obligor under this
                 Agreement in the following order:

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                 (i)   first, in or towards payment of any unpaid costs and
                       expenses of the Agent under this Agreement;

                 (ii)  second, in or towards payment pro rata of any accrued
                       interest due by that Obligor but unpaid under this
                       Agreement;

                 (iii) third, in or towards payment pro rata of any principal
                       due by that Obligor but unpaid under this Agreement; and

                 (iv)  fourth, in or towards payment pro rata of any other sum
                       due by that Obligor but unpaid under the Financing
                       Documents.

        10.7.2   The Agent shall, if so directed by all the Lenders, vary the
                 order set out in Clauses 10.7.1(ii) to (iv).

        10.7.3   Clauses 10.7.1 and 10.7.2 shall override any appropriation made
                 by any Borrower.

10.8    SET-OFF AND COUNTERCLAIM

        All payments by any Obligor under this Agreement shall be made without
        set-off or counterclaim.

10.9    GROSSING-UP

        10.9.1   Subject to Clause 10.9.2, all sums payable to the Agent, the
                 Arranger, or any Lender pursuant to or in connection with any
                 Financing Document shall be paid in full free and clear of all
                 deductions or withholdings whatsoever except only as may be
                 required by law.

        10.9.2   If any deduction or withholding is required by law in respect
                 of any payment due from an Obligor to the Agent or any Lender
                 pursuant to or in connection with any Financing Document that
                 Obligor shall:

                 (i)   promptly, on becoming aware that it must make a tax
                       deduction (or if there is any change in the rate or the
                       basis of a tax deduction), notify the Agent accordingly
                       (if the Agent receives such notification from a Lender it
                       shall notify that Obligor);

                 (ii)  ensure or procure that the deduction or withholding is
                       made and that it does not exceed the minimum legal
                       requirement therefor;

                 (iii) pay, or procure the payment of, the full amount deducted
                       or withheld to the relevant Taxation or other authority
                       in accordance with the applicable law;

                 (iv)  increase the payment in respect of which the deduction or
                       withholding is required so that the net amount received
                       by the payee (which expression when used in this Clause
                       10.9.2 shall mean the Agent or any Lender) after the
                       deduction or withholding (and after taking account of any
                       further deduction or withholding which is required to be
                       made as a consequence of the increase) shall be equal to
                       the amount which the payee would have been entitled to
                       receive in the absence of any requirement to make any
                       deduction or withholding; and

                 (v)   promptly deliver or procure the delivery to the relative
                       payee of receipts evidencing each deduction or
                       withholding which has been made.

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        10.9.3   If the Agent is obliged to make any deduction or withholding
                 from any payment to any Lender (an "AGENCY PAYMENT") which
                 represents an amount or amounts received by the Agent from an
                 Obligor under this Agreement:

                 (i)   that Obligor shall pay directly to that Lender such sum
                       (an "AGENCY COMPENSATING SUM") as shall, after taking
                       into account any deduction or withholding which that
                       Obligor is obliged to make from the agency compensating
                       sum, enable that Lender to receive, on the due date for
                       payment of the agency payment, an amount equal to the
                       agency payment which that Lender would have received in
                       the absence of any obligation to make any deduction or
                       withholding; and

                 (ii)  the Agent shall use its reasonable endeavours to take the
                       action referred to in Clauses 10.9.2 (ii), (iii) and (v).

        10.9.4   An Obligor shall not be required to pay an additional amount
                 under this Clause 10.9 to the extent that the payment in
                 respect of which the deduction or withholding is required is a
                 payment of interest on a Participation in an Advance and that
                 deduction or withholding is required on account of United
                 Kingdom Tax and:

                 (i)   at the time that Participation was made, the Lender
                       making that Participation was not a Qualifying Lender
                       otherwise than as a consequence of a Change occurring
                       after the date of this Agreement (and the obligation to
                       deduct or withhold would not have arisen if that
                       Participation had been made by a Qualifying Lender; or

                 (ii)  at the time when the interest is paid, the Lender for
                       whose account it is paid is not beneficially entitled to
                       it, or, being beneficially entitled to it, the Lender is
                       not within the charge to United Kingdom corporation tax
                       otherwise than as a consequence of a Change occurring
                       after the date of this Agreement (and the obligation to
                       deduct or withhold would not have arisen if the Lender
                       had been beneficially entitled to the interest and had
                       been within the charge to United Kingdom corporation tax
                       as respects it).

        10.9.5   any Lender determines, in its absolute discretion, that it has
                 received, realised, utilised and retained a Tax benefit by
                 reason of any deduction or withholding in respect of which an
                 Obligor has made an increased payment or paid an agency
                 compensating sum under this Clause 10.9, that Lender shall,
                 provided that the Agent and each Lender have received all
                 amounts which are then due and payable by that Obligor under
                 this Agreement, pay to that Obligor (to the extent that that
                 Lender can do so without prejudicing the amount of the benefit
                 or repayment and the right of that Lender to obtain any other
                 benefit, relief or allowance which may be available to it) such
                 amount, if any, as that Lender, in its absolute discretion
                 shall determine, will leave that Lender in no worse position
                 than it would have been in if the deduction or withholding had
                 not been required, provided that:

                 (i)   each Lender shall have an absolute discretion to time at
                       which and the order and manner in which it realises or
                       utilises any Tax benefit and shall not be obliged to
                       arrange its business or its Tax affairs in any particular
                       way in order to be eligible for any credit or refund or
                       similar benefit;

                 (ii)  no Lender shall be obliged to disclose any information
                       regarding its business, Tax affairs or Tax computations;

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                 (iii) if a Lender has made a payment to an Obligor pursuant to
                       the this Clause 10.9.5 on account of any Tax benefit and
                       it subsequently transpires that that Lender did not
                       receive that Tax benefit, or received a lesser Tax
                       benefit, that Obligor shall, on demand, pay to that
                       Lender such sum as that Lender may determine as being
                       necessary to restore its after tax position to that which
                       it would have been had no adjustment under this Clause
                       10.9.5 been made. Any sums payable by that Obligor to a
                       Lender under this Clause 10.9.5 shall be subject to
                       Clause 19.7 (INDEMNITY PAYMENTS).

        10.9.6   No Lender shall be obliged to make any payment under Clause
                 10.9.5 if, by doing so, it would contravene the terms of any
                 applicable law or any notice, direction or requirement of any
                 governmental or regulatory authority (whether or not having the
                 force of law).

        10.9.7   If an Obligor is required to make an increased payment for the
                 account of a Lender under Clause 10.9.2, then, without
                 prejudice to that obligation and so long as such requirement
                 exists and subject to the Guarantor giving the Agent and that
                 Lender not less than 10 days' prior notice (which shall be
                 irrevocable), the Borrowers may prepay all, but not part, of
                 that Lender's Participation in the Advances together with
                 accrued interest on the amount prepaid. Any such prepayment
                 shall be subject to Clause 24.1 (BREAKAGE COSTS INDEMNITY). On
                 any such prepayment the Commitment of the relevant Lender shall
                 be automatically cancelled.

10.10   LENDER CONFIRMATION

        10.10.1  Each Lender warrants and represents that, as at the date of
                 this Agreement in relation to Advances to be made to a UK
                 Borrower, acting through its relevant Lending Office, it is a
                 Qualifying Lender.

        10.10.2  Each Lender confirms that, if a Borrower requests that Lender
                 to complete any form or certificate, or to take any other
                 related action which would enable any deduction or withholding
                 on payments made by such Borrower to such Lender to be reduced
                 from the amount of deduction or withholding which it would
                 otherwise be required by law to make, and the completion of
                 such form or certificate or the carrying out of such action
                 would not, in the relevant Lender's opinion, prejudice its
                 business affairs, such Lender shall complete such form or
                 certificate or carry out such action promptly on it receiving
                 the relevant Borrower's written request so to do.

        10.10.3  Each Lender confirms that, in respect of its Participation in
                 any Advance to a UK Borrower, if it ceases to be a Qualifying
                 Lender on or before the date when the Advance is made to the
                 relevant Borrower, or at any time is not beneficially entitled
                 to the interest received from such Borrower, or being
                 beneficially entitled to the interest, at any time is not
                 within the charge to UK corporation tax in respect of such
                 interest (in each case, for whatever reason), it shall promptly
                 notify the relevant Borrower, in writing of its change in
                 status.

11      GUARANTEE

11.1    GUARANTEE

        Subject to and with the benefit of the provisions in Clause 11.2
        (GUARANTEE PROVISIONS), the Guarantor hereby guarantees to the
        Guaranteed Parties that it shall on demand pay in the

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        currency in which the same falls due for payment under the terms of this
        Agreement, all moneys which are now or at any time hereafter shall have
        become due or owing by any of the Borrowers to any or all of the
        Guaranteed Parties pursuant to this Agreement.

11.2    GUARANTEE PROVISIONS

        11.2.1   The guarantee (the "GUARANTEE") given pursuant to this Clause
                 11 is a continuing security and shall remain in full force and
                 effect until all moneys, obligations and liabilities referred
                 to in Clause 11.1 (GUARANTEE) have been paid, discharged or
                 satisfied in full notwithstanding the liquidation or other
                 incapacity or any change in the constitution of any of the
                 Obligors or in the name and style of any of them or any
                 settlement of account or other matter whatsoever.

        11.2.2   This Guarantee is in addition to and shall not merge with or
                 otherwise prejudice or affect or be prejudiced by any other
                 right, remedy, guarantee, indemnity or security and may be
                 enforced without first having recourse to the same or any other
                 bill, note, mortgage, charge, pledge or lien now or hereafter
                 held by or available to any Guaranteed Party.

        11.2.3   Notwithstanding that this Guarantee ceases to be continuing for
                 any reason whatever any of the Guaranteed Parties may continue
                 any accounts of any of the Borrowers or open one or more new
                 accounts and the liability of the Guarantor hereunder shall not
                 be reduced or affected by any subsequent transactions or
                 receipts or payments into or out of any such accounts.

        11.2.4   If any purported obligation or liability of any Borrower under
                 this Agreement is not or ceases to be valid or enforceable on
                 any ground whatsoever whether or not known to any Guaranteed
                 Party including but not limited to any defect in or want of
                 powers of any Borrower or irregular exercise thereof or lack of
                 authority by any person purporting to act on behalf of any
                 Borrower or any legal or other limitation (whether under the
                 Limitation Act 1980 or otherwise), disability, incapacity or
                 any change in the constitution of or any amalgamation,
                 reconstruction or liquidation of any Borrower, the Guarantor
                 shall nevertheless be liable to the Guaranteed Parties in
                 respect of that purported obligation or liability as if the
                 same were fully valid and enforceable and the Guarantor were
                 the principal debtor in respect thereof. The Guarantor hereby
                 agrees to keep the Guaranteed Parties fully indemnified in the
                 currency in which such purported obligation or liability arose
                 against all damages, losses, costs and expenses arising from
                 any failure of any Borrower to carry out any such purported
                 obligation or liability.

        11.2.5   The liability of the Guarantor shall not be affected nor shall
                 this Guarantee be discharged or diminished by reason of:

                 (i)   any present or future bill, note, guarantee, indemnity,
                       mortgage, charge, pledge, lien or other security or right
                       or remedy held by or available to all or any of the
                       Guaranteed Parties being or becoming wholly or in part
                       void, voidable or unenforceable on any ground whatsoever
                       or by all or any of the Guaranteed Parties from time to
                       time dealing with, exchanging, varying, realising,
                       releasing or failing to perfect or enforce any of the
                       same; or

                 (ii)  all or any of the Guaranteed Parties compounding with,
                       discharging, releasing or varying the liability of or
                       granting any time, indulgence or concession to any
                       Borrower or any other person or renewing, determining,

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                       varying or increasing any bill, promissory note or other
                       negotiable instrument, accommodation, facility or
                       transaction in any manner whatsoever or concurring in,
                       accepting or varying any compromise, arrangement or
                       settlement or omitting to claim or enforce payment from a
                       principal debtor or any other person; or

                 (iii) any act or omission which would not have discharged or
                       affected the liability of the Guarantor had it been a
                       principal debtor instead of guarantor or by anything done
                       or omitted which but for this provision might operate to
                       exonerate the Guarantor.

        11.2.6   The Guarantor warrants to the Guaranteed Parties that it has
                 not taken or received and undertakes not to take or receive the
                 benefit of any security from any Borrower in connection with
                 this Guarantee. If any such security is taken or the Guarantor
                 receives the benefit of the same the Guarantor declares that
                 such security and all moneys at any time received in respect
                 thereof shall be held on trust for the Guaranteed Parties to be
                 applied in discharge of the liabilities of the Guarantor to the
                 Guaranteed Parties under this Agreement.

        11.2.7   Until all amounts owing under this Agreement have been paid,
                 discharged or satisfied in full, the Guarantor waives all
                 rights of subrogation and indemnity against any Borrower and
                 agrees not to share in any security held or moneys received by
                 any Guaranteed Party on account of such liabilities or, unless
                 so instructed by the Agent, (acting on the instructions of the
                 Majority Lenders) to claim or prove in competition with any
                 Guaranteed Party in the liquidation of any Borrower in respect
                 of any moneys paid by the Guarantor to any Guaranteed Party
                 hereunder. If the Guarantor receives any payment or other
                 benefit or exercises any set-off or counterclaim or otherwise
                 acts in breach of this Clause anything so received and any
                 benefit derived directly or indirectly by the Guarantor
                 therefrom shall be held in trust for the Guaranteed Parties to
                 be applied in discharge of the liability of the Guarantor to
                 the Guaranteed Parties hereunder.

        11.2.8   Any money received in connection with this Guarantee may be
                 placed to the credit of a suspense account with a view to
                 preserving the rights of the Guaranteed Parties to prove for
                 the whole of their claims against any Borrower or any other
                 person liable or may be applied by the Guaranteed Parties in or
                 towards satisfaction of such of the moneys, obligations or
                 liabilities of the relevant Borrower hereby guaranteed as the
                 relevant Guaranteed Party in its absolute discretion may from
                 time to time conclusively determine.

        11.2.9   If this Guarantee is determined or called in by demand made by
                 the Agent, then the Guaranteed Parties may open a new account
                 or accounts with any Borrower. If the Guaranteed Parties do not
                 open a new account or accounts they shall nevertheless be
                 treated as if they had done so at the time of determination or
                 calling in and as from that time all payments made to the
                 Guaranteed Parties shall be credited or be treated as having
                 been credited to the new account or accounts and shall not
                 operate to reduce the amount for which this guarantee is
                 available as security at that time.

        11.2.10  Any release, discharge or settlement between the Guarantor and
                 the Guaranteed Parties shall be conditional upon no security
                 disposition or payment to any of the Guaranteed Parties by any
                 Borrower or any other person being void, set aside or ordered
                 to be refunded pursuant to any enactment or law relating to
                 bankruptcy,

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                 liquidation or insolvency or for any reason whatever and if
                 such condition shall not be fulfilled the Guaranteed Parties
                 shall be entitled to enforce this Guarantee subsequently as if
                 such release, discharge or settlement had not occurred and any
                 such payment had not been made.

        11.2.11  The Guaranteed Parties shall not be obliged before taking steps
                 to enforce this Guarantee:

                 (i)   to take action or obtain judgment in any court against
                       any Borrower or any other person;

                 (ii)  to make or file any claim in a bankruptcy or liquidation
                       of any Borrower or any other person; or

                 (iii) to make, enforce or seek to enforce any claim against any
                       Borrower or any other person under any security or other
                       document, agreement or arrangement.

12      REPRESENTATIONS AND WARRANTIES

12.1    REPRESENTATIONS AND WARRANTIES

        The Guarantor represents and warrants to each Lender and the Agent that:

        12.1.1   STATUS: It is a US corporation duly formed and in good standing
                 under the laws of the jurisdiction of its place of
                 incorporation, and each other Group Company is a limited
                 company duly incorporated under the laws of the jurisdiction of
                 the place of its incorporation, and it possesses the capacity
                 to sue and be sued in its own name and has the power to carry
                 on its business and to own its property and other assets except
                 in the case of any Group Company which is not an Obligor, where
                 failure to possess such capacity or to have such power could
                 not reasonably be expected to have a Material Adverse Effect.

        12.1.2   POWERS AND AUTHORITY: Each Obligor has power to execute,
                 deliver and perform its obligations under the Financing
                 Documents and to carry out the transactions contemplated by
                 those documents and all necessary corporate, shareholder and
                 other action has been or will be taken to authorise the
                 execution, delivery and performance of the same.

        12.1.3   BINDING OBLIGATIONS: Subject to the Reservations, the
                 obligations of each Obligor under the Financing Documents
                 constitute its legal, valid, binding and enforceable
                 obligations.

        12.1.4   CONTRAVENTIONS: The execution, delivery and performance by each
                 Obligor of the Financing Documents does not:

                 (i)   contravene any applicable law or regulation (including
                       Regulations U and X) or any order of any governmental or
                       other official authority, body or agency or any judgment,
                       order or decree of any court having jurisdiction over it
                       (for the avoidance of doubt, the Guarantor is not
                       representing or warranting compliance by the Lenders of
                       Regulation U);

                 (ii)  conflict with, or result in any breach of any of the
                       terms of, or constitute a default under, any agreement or
                       other instrument to which it is a party or any licence or
                       other authorisation to which it is subject or by which it
                       or any

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                       of its property is bound to the extent that, in any case,
                       the same has or could reasonably be expected to have, a
                       Material Adverse Effect; or

                 (iii) contravene or conflict with the provisions of its
                       constitutional documents.

        12.1.5   NO DEFAULT: No Default has occurred or is continuing on the
                 date of this Agreement.

        12.1.6   NO BREACH: No Group Company is in breach of, or in default
                 under, any agreement to which it is a party or which is binding
                 on it or any of its assets, in a manner or to an extent which
                 could reasonably be expected to have a Material Adverse Effect.

        12.1.7   LITIGATION: No action, litigation, arbitration, administrative
                 proceeding or governmental inquiry has been commenced or is
                 pending, or, to the knowledge of their officers, threatened,
                 against any Group Company or its assets which, if decided
                 adversely, could reasonably be expected to have a Material
                 Adverse Effect.

        12.1.8   ACCOUNTS:

                 (i)   Each of the latest Accounts required to be delivered
                       under Clause 13.1.1 (ACCOUNTS) is prepared in accordance
                       with GAAP and fairly presents the financial position of
                       the relevant company as at the date of such Accounts and
                       the results of its operations and its cash flows for the
                       annual period ended on such date; and

                 (ii)  Each of the latest unaudited quarterly consolidated
                       statements of income, stockholders' equity and cash flows
                       of the Guarantor delivered under Clause 13.1.2 (QUARTERLY
                       FINANCIAL STATEMENTS) fairly presents the consolidated
                       financial position of the Guarantor as at the date of
                       such quarterly financial statements and the consolidated
                       results of operations and cash flows for the relevant
                       quarterly period, subject to normal year-end audit
                       adjustments and the absence of footnotes.

        12.1.9   ENCUMBRANCES: No Encumbrance other than a Permitted Encumbrance
                 exists over all or any part of the assets of any Group Company.

        12.1.10  NO ENCUMBRANCES CREATED: The execution of the Financing
                 Documents by each Obligor and the exercise of each of their
                 respective rights and the performance of each of their
                 respective obligations under the Financing Documents will not
                 result in the creation of, or any obligation to create, any
                 Encumbrance over or in respect of any of their assets.

        12.1.11  AUTHORISATIONS: All applicable authorisations, approvals,
                 licences, consents, filings, registrations, payments of duties
                 or taxes and notarisations required:

                 (i)   for the conduct of the business, trade and ordinary
                       activities of each Group Company or the ownership of
                       their respective assets (except to the extent that
                       failure to make pay or obtain the same could not
                       reasonably be expected to have a Material Adverse
                       Effect);

                 (ii)  for the performance and discharge of the obligations of
                       each Obligor under the Financing Documents to which it is
                       a party; and

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                 (iii) in connection with the execution, delivery, validity and,
                       subject to the Reservations, enforceability or
                       admissibility in evidence of the Financing Documents,

                 are in full force and effect.

        12.1.12  COMPLIANCE WITH LAWS: Each Group Company has complied in all
                 material respects with all applicable statutes, rules,
                 regulations, orders and restrictions of any government or any
                 body or agency thereof, having jurisdiction over the conduct of
                 its business or the ownership of its assets, except where the
                 failure so to comply could not reasonably be expected to have a
                 Material Adverse Effect.

        12.1.13  NO MATERIAL ADVERSE CHANGE: Since 31 December 2000, no event
                 has occurred which has had, or could be reasonably expected to
                 have, a Material Adverse Effect.

        12.1.14  TAXES: Each Group Company has complied in all material respects
                 with all Taxation laws in all jurisdictions in which it is
                 subject to Taxation and has paid all Taxes due and payable by
                 it and no claims are being asserted against it in respect of
                 Taxes which could reasonably be expected to have a Material
                 Adverse Effect except for assessments in relation to the
                 ordinary course of its business or claims contested in good
                 faith and in respect of which adequate provision has been made
                 and disclosed in the latest Accounts or other information
                 delivered to the Agent under this Agreement.

        12.1.15  ERISA:

                 (i)   The Unfunded Liability of all Single Employer Plans does
                       not in the aggregate exceed US$85,000,000;

                 (ii)  neither the Guarantor nor any other member of the
                       Controlled Group maintains, or is obliged to contribute
                       to, any Multiemployer Plan or has incurred, or is
                       reasonably expected to incur, any withdrawal liability to
                       any Multiemployer Plan;

                 (iii) each Plan complies with all applicable requirements of
                       law and regulations;

                 (iv)  neither the Guarantor nor any member of the Controlled
                       Group has, with respect to any Plan, failed to make any
                       contribution or pay any amount required under Section 412
                       of the Code or Section 302 of ERISA or the terms of such
                       Plan;

                 (v)   there are no pending or, to the knowledge of the
                       Guarantor, threatened claims, actions, investigations or
                       lawsuits against any Plan, any fiduciary thereof, or the
                       Guarantor or any member of the Controlled Group with
                       respect to a Plan;

                 (vi)  neither the Guarantor nor any member of the Controlled
                       Group has engaged in any prohibited transaction (as
                       defined in Section 4975 of the Code or Section 406 of
                       ERISA) in connection with any Plan which would subject
                       such person to any liability;

                 (vii) within the last five years neither the Guarantor nor any
                       member of the Controlled Group has engaged in a
                       transaction which resulted in a Single Employer Plan with
                       an Unfunded Liability being transferred out of the
                       Controlled Group; and

                                     - 35 -
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                 (viii) no Termination Event has occurred or is reasonably
                        expected to occur with respect to any Plan which is
                        subject to Title IV of ERISA,

                 provided that the representation and warranty contained in this
                 Clause 12.1.15 shall only be breached if the circumstances
                 relating to any actual breach have or could reasonably be
                 expected to have, a Material Adverse Effect.

        12.1.16  FEDERAL RESERVE REGULATIONS:

                 No part of the proceeds of any Advance will be used, directly
                 or indirectly, to purchase or carry any Margin Stock within the
                 meaning of Regulation U.

        12.1.17  INVESTMENT COMPANY AND PUBLIC UTILITY HOLDING COMPANY: No Group
                 Company is, or after giving effect to any Advance will be, an
                 "investment company" or a company "controlled" by an
                 "investment company" within the meaning of the US Investment
                 Company Act of 1940 and the Guarantor is not subject to
                 regulation under the US Public Utility Holding Company Act of
                 1935.

        12.1.18  OWNERSHIP OF PROPERTIES:

                 (i)   Each Group Company has a subsisting leasehold or freehold
                       interest in, or good and marketable title, free of all
                       Encumbrances, other than Permitted Encumbrances, to all
                       of the properties and assets reflected in the Accounts as
                       being owned by it, except for assets sold, transferred or
                       otherwise disposed of in the ordinary course of business,
                       or as required by or in connection with the Demerger
                       provided that such sale, transfer or other disposal in
                       connection with the Demerger would not have a Material
                       Adverse Effect, since the date thereof; and

                 (ii)  the relevant Group Companies own or possess rights to use
                       all licences, patents, patent applications, copyrights,
                       service marks, trademarks and trade names necessary to
                       continue to conduct their business as heretofore
                       conducted, and no such licence, patent or trademark has
                       been declared invalid, been limited by order of any court
                       or by agreement or is the subject of any infringement,
                       interference or similar proceeding or challenge, except
                       for proceedings and challenges which could not reasonably
                       be expected to have a Material Adverse Effect.

        12.1.19  MATERIAL AGREEMENTS: No Group Company is a party to any
                 agreement or instrument or subject to any corporate restriction
                 which could reasonably be expected to have a Material Adverse
                 Effect or which restricts or imposes conditions upon the
                 ability of any Group Company to (i) pay dividends or make other
                 distributions on its issued share capital, (ii) make loans or
                 advances to the Guarantor or (iii) repay loans or advances from
                 the Guarantor where, in the cases of (i), (ii) and (iii), such
                 restriction or imposition has or could reasonably be expected
                 to have a material adverse effect on the ability of the
                 Guarantor to comply with its payment obligations under the
                 Financing Documents.

        12.1.20  ENVIRONMENTAL: Each Group Company has and has at all times
                 complied with all applicable Environmental Law, non-compliance
                 with which could reasonably be expected to have a Material
                 Adverse Effect, every consent, authorisation, licence or
                 approval required under or pursuant to any Environmental Law by
                 each Group Company in connection with the conduct of its
                 business and the ownership, use, exploitation or occupation of
                 its assets the absence or lack of which could

                                     - 36 -
<Page>

                 reasonably be expected to have a Material Adverse Effect, has
                 been obtained and is in full force and effect, there has been
                 no default in the observance of the conditions and restrictions
                 (if any) imposed in, or in connection with, any of the same
                 which default could reasonably be expected to have a Material
                 Adverse Effect, and no circumstances have arisen (i) which
                 would entitle any person to revoke, suspend, amend, vary,
                 withdraw or refuse to amend any of the same or (ii) which might
                 give rise to a claim against any Group Company which could
                 reasonably be expected to have a Material Adverse Effect having
                 regard to the cost to that Group Company of meeting such a
                 claim.

        12.1.21  INSURANCE: The Group as a whole maintains, with financially
                 sound and reputable insurance companies, insurance on its
                 assets in such amounts and covering such risks as is consistent
                 with sound business practice.

        12.1.22  INSURANCE LICENCES: No material licence, permit or
                 authorisation of any Group Company to engage in the business of
                 insurance or insurance-related activities is the subject of a
                 proceeding for suspension or revocation, except where such
                 suspension or revocation would not individually or, when
                 aggregated, have a Material Adverse Effect.

        12.1.23  DISCLOSURE:

                 (i)   None of the written information, exhibits or reports
                       furnished by any Group Company to the Agent or to any
                       Lender in connection with the negotiation of the
                       Financing Documents or representations or warranties of
                       any Group Company contained in the Financing Documents,
                       or any other document, certificate or written statement
                       furnished to the Agent or the Lenders by or on behalf of
                       any Group Company for use in connection with the
                       transactions contemplated by this Agreement, contains any
                       untrue statement of a material fact or omits to state a
                       material fact necessary in order to make the statements
                       contained herein or therein not misleading in light of
                       the circumstances in which the same were made; and

                 (ii)  as of the date hereof, there is no fact known to the
                       Guarantor (other than matters of a general economic
                       nature) that has had or could reasonably be expected to
                       have a Material Adverse Effect and that has not been
                       disclosed herein or in such other information, documents,
                       certificates and statements furnished to the Lenders for
                       use in connection with the transactions contemplated by
                       this Agreement.

        12.1.24  INFORMATION MEMORANDUM: The factual information contained in
                 the Information Memorandum was, at the date of the Information
                 Memorandum, true and accurate in all material respects and not
                 misleading in any material respect, there are no other facts
                 the omission of which would make any fact or statement in the
                 Information Memorandum misleading in any material respect and
                 nothing has occurred which would render any fact or statement
                 in the Information Memorandum untrue or misleading in any
                 material respect.

12.2    REPETITION

        The representations and warranties in Clause 12.1 (REPRESENTATIONS AND
        WARRANTIES) shall survive the execution of this Agreement and shall be
        deemed to be repeated by the Guarantor:

                                     - 37 -
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        12.2.1   on the first Drawdown Date; and

        12.2.2   (other than those made under Clause 12.1.5 (NO DEFAULT), 12.1.9
                 (ENCUMBRANCES), 12.1.10 (NO ENCUMBRANCES CREATED) 12.1.11
                 (AUTHORISATIONS), 12.1.13 (NO MATERIAL ADVERSE CHANGE), 12.1.14
                 (TAXES), 12.1.20 (ENVIRONMENTAL), 12.1.21 (INSURANCES), 12.1.23
                 (DISCLOSURE) and 12.1.24 (INFORMATION PACKAGE) inclusive) on
                 (i) each other Drawdown Date, and (ii) the first day of each
                 Interest Period for each Term Advance,

        in each case, as if made with reference to the facts and circumstances
        existing at that time.

13      UNDERTAKINGS

13.1    INFORMATION UNDERTAKINGS

        The Guarantor undertakes that during the Facility Period it shall,
        unless the Agent (acting on the instructions of the Majority Lenders)
        otherwise agrees:

        13.1.1   ACCOUNTS: As soon as the same become available (and in any
                 event, in the case of the Guarantor, within 90 days after the
                 end of each of its Financial Years and, in the case of each
                 other Obligor, within the time limit provided by law for the
                 filing of the relevant Accounts), deliver to the Agent in
                 sufficient copies for all the Lenders the Accounts of each
                 Obligor for each such Financial Year together with, where
                 appropriate, a copy of the management letter (if any) addressed
                 by the auditors to the directors of the relevant Obligor in
                 connection with its auditing of the relevant Accounts as soon
                 as reasonably practicable after receipt of the letter by such
                 Obligor.

        13.1.2   QUARTERLY FINANCIAL STATEMENTS: As soon as the same become
                 available (and in any event within 45 days after the end of
                 each consecutive period of 3 months ending on 31 March, 30 June
                 or 30 September during each of its Financial Years) deliver to
                 the Agent in sufficient copies for all the Lenders, unaudited
                 consolidated quarterly statements of income, stockholders'
                 equity and cash flows of the Guarantor as at the end of, and
                 for the quarterly period ending on, such quarterly financial
                 date certified by the chief financial officer of the Guarantor
                 as fairly presenting the consolidated financial position of the
                 Guarantor as at, and for the quarterly period ending on, such
                 quarterly financial date, subject to normal year-end audit
                 adjustments and the absence of footnotes.

        13.1.3   PLANS:

                 (i)   In any event no later than the date on which the IRS Form
                       5500 is filed (or required to be filed, without regard to
                       extensions for time to file) for the Plan, deliver a
                       statement of the Unfunded Liabilities of each Single
                       Employer Plan, certified as correct by an actuary
                       enrolled under ERISA; and

                 (ii)  as soon as possible and in any event within 10 days after
                       the Guarantor knows that any Termination Event has
                       occurred with respect to any Plan, deliver a statement,
                       signed by the chief financial officer of the Guarantor,
                       describing such Termination Event and the action which
                       the Guarantor proposes to take with respect thereto.

                                     - 38 -
<Page>

        13.1.4   SHAREHOLDERS' DOCUMENTS: Deliver to the Agent in sufficient
                 copies for all the Lenders all documents despatched by it to
                 its shareholders or its creditors generally at the same time as
                 they are despatched.

        13.1.5   SECURITIES AND EXCHANGE COMMISSION: At the same time as they
                 are filed, copies of all registration statements and annual,
                 quarterly, monthly or other regular reports which any Group
                 Company files with the US Securities and Exchange Commission
                 other than Form S-8 (or successor forms) registration
                 statements and other registration statements or reports
                 relating to employee stock programs.

        13.1.6   COMPLIANCE CERTIFICATES: When delivering its Accounts and
                 management accounts pursuant to Clauses 13.1.1 (ACCOUNTS) and
                 13.1.2 (MANAGEMENT ACCOUNTS), deliver to the Agent a
                 certificate signed by the chief financial officer or
                 vice-president or controller of the Guarantor showing
                 calculations as to compliance with Clause 14 (FINANCIAL
                 UNDERTAKINGS) and certifying that no Default or Potential
                 Default is outstanding or, if a Default or Potential Default is
                 outstanding, specifying the Default or Potential Default and
                 the steps, if any, being taken to remedy it provided that, in
                 relation to any certificate delivered together with the
                 Guarantors' Accounts, such certificate shall include a
                 certification from the auditors of the Guarantor as to the
                 matters set out in such certificate.

        13.1.7   INFORMATION ON REQUEST: Promptly following the Agent's request,
                 supply to the Agent such information, documents and records in
                 relation to the business, condition, operations and prospects
                 of any Group Company as the Agent may from time to time
                 reasonably require.

        13.1.8   GAAP: Ensure that all Accounts and other financial information
                 submitted to the Agent have been prepared in accordance with
                 GAAP.

        13.1.9   DEFAULT, LITIGATION, ETC: Promptly, upon becoming aware of the
                 same, notify the Agent of:

                 (i)   any Default or Potential Default;

                 (ii)  litigation, arbitration or administrative proceeding
                       commenced against any Group Company which may be
                       reasonably expected to have a Material Adverse Effect;

                 (iii) any change in the Debt Rating Level;

                 (iv)  completion of the Demerger; and

                 (v)   any occurrence (including any third party claim or
                       liability but other than of a general economic or
                       political nature) which could reasonably be expected to
                       have a Material Adverse Effect.

13.2    POSITIVE UNDERTAKINGS

        The Guarantor undertakes that during the Facility Period it shall, and
        it shall procure that each Group Company shall, unless the Agent (acting
        on the instructions of the Majority Lenders) otherwise agrees:

        13.2.1   PAY TAXES: Pay and discharge all Taxes and governmental charges
                 payable by or assessed upon it in accordance with good business
                 practice unless, and only to the extent that, such Taxes and
                 charges shall be contested in good faith by appropriate
                 proceedings, pending determination of which payment may
                 lawfully be withheld,

                                     - 39 -
<Page>

                 and there shall be set aside adequate reserves with respect to
                 any such Taxes or charges so contested in accordance with GAAP.

        13.2.2   INSURANCE: Procure that the Group as a whole maintains with
                 financially sound and reputable insurance companies, insurance
                 on its assets in such amounts and covering such risks as is
                 consistent with sound business practice.

        13.2.3   AUTHORISATIONS: Obtain, maintain and comply with the terms of
                 any authorisation, approval, licence, consent, exemption,
                 clearance, filing or registration required:

                 (i)   for the conduct of its business, trade and ordinary
                       activities save to the extent that failure to obtain,
                       maintain or comply with the same could reasonably be
                       expected not to have a Material Adverse Effect; and

                 (ii)  to enable it to perform its obligations under, or for the
                       validity and, subject to the Reservations, enforceability
                       or admissibility in evidence of, any Financing Document.

        13.2.4   CONDUCT OF BUSINESS: Carry on and conduct its business in
                 substantially the same manner and in substantially the same
                 field of business as it is presently conducted provided that
                 the occurrence of the Demerger and provision of the
                 Transitional Services shall not cause a breach of this
                 provision.

        13.2.5   COMPLIANCE WITH LAWS: Comply with all laws (including
                 Environmental Law), rules, regulations, orders, writs,
                 judgments, injunctions, decrees or awards to which it may be
                 subject, the failure to comply with which could reasonably be
                 expected to have a Material Adverse Effect.

        13.2.6   MAINTENANCE OF ASSETS: Do all things necessary to maintain,
                 preserve, protect and keep its assets in good repair, working
                 order and condition, and make all necessary and proper repairs,
                 renewals and replacements which are required in accordance with
                 good business practice so that its business carried on in
                 connection therewith may be properly conducted at all times.

        13.2.7   ACCESS: Upon reasonable notice being given to the Guarantor by
                 the Agent, permit the Agent and the Lenders and any person
                 (being an accountant, auditor, solicitor, valuer or other
                 professional adviser of the Agent) authorised by the Agent or
                 Lender to have upon its reasonable request and at all
                 reasonable times during normal business hours, access to any of
                 the assets, premises, accounting books and records of any Group
                 Company and to discuss the affairs, finances and accounts of
                 any Group Company with, and to be advised as to the same by,
                 their respective officers at such reasonable times and
                 intervals as the Agent or Lenders may designate.

        13.2.8   ERISA:

                 (i)   Fulfil, and cause each member of the Controlled Group to
                       fulfil, its obligations under the minimum funding
                       standards of ERISA and the Code with respect to each Plan
                       except where failure to fulfil such obligations
                       individually or in aggregate would not have a Material
                       Adverse Effect; and

                 (ii)  comply, and cause each member of the Controlled Group to
                       comply, with all applicable provisions of ERISA and the
                       Code with respect to each Plan, except where such failure
                       to comply individually or in aggregate would not have a
                       Material Adverse Effect; and

                                     - 40 -
<Page>

                 (iii) not, and not permit any member of the Controlled Group
                       to, (i) seek a waiver of the minimum funding standards
                       under ERISA, (ii) terminate or withdraw from any Plan or
                       (iii) take any other action with respect to any Plan
                       which would reasonably be expected to entitle the PBGC to
                       terminate, impose liability in respect of, or cause a
                       trustee to be appointed to administer, any Plan, unless
                       the actions or events described in (i), (ii) or (iii)
                       above individually or in the aggregate would not have a
                       Material Adverse Effect.

        13.2.9   RANKING OF OBLIGATIONS: Ensure that its obligations under the
                 Financing Documents shall at all times rank at least PARI PASSU
                 with all its other present and future unsecured and
                 unsubordinated Indebtedness except for any obligations which
                 are mandatorily preferred by law and not by contract.

13.3    NEGATIVE UNDERTAKINGS

        The Guarantor undertakes that during the Facility Period it shall not,
        and it shall procure that none of the Group Companies shall, unless the
        Agent (acting on the instructions of the Majority Lenders) otherwise
        agrees:

        13.3.1   USE OF PROCEEDS: Use any of the proceeds of the Advances to
                 purchase or carry any Margin Stock or to finance the
                 acquisition of any company or other entity which has not been
                 approved and recommended by the board of directors (or
                 functional equivalent thereof) of such company or other entity.

        13.3.2   DIVIDENDS: In respect of the Guarantor only, so long as any
                 Default has occurred and is continuing declare or pay any
                 dividends or other distribution in relation to its capital
                 stock or repay or prepay, redeem or purchase or otherwise
                 acquire or retire any of its capital stock or any options or
                 other rights in respect thereof at any time outstanding other
                 than any dividend, distribution, repayment, prepayment,
                 redemption, purchase, retirement or other option contemplated
                 by or required in connection with the Demerger provided that no
                 such declaration or payment would have a Material Adverse
                 Effect.

        13.3.3   MERGER: Save in respect of any transaction or step contemplated
                 by or required in connection with the Demerger provided that no
                 such transaction or step would have a Material Adverse Effect,
                 in respect of any Obligor enter into any amalgamation,
                 demerger, merger or reconstruction other than in relation to an
                 Obligor (not being the Guarantor) where:

                 (i)   the relevant Obligor is the continuing or surviving
                       entity; and

                 (ii)  the amalgamation, demerger, merger or reconstruction does
                       not constitute a Default; and

                 (iii) the Agent receives an opinion in terms satisfactory to it
                       and from counsel approved by it to the effect that after
                       the relevant amalgamation, demerger, merger or
                       reconstruction, the relevant Obligor remains bound by the
                       terms of this Agreement.

        13.3.4   NEGATIVE PLEDGE: Create or permit to subsist any Encumbrance
                 over any of its assets other than Permitted Encumbrances.

                                     - 41 -
<Page>

        13.3.5   AFFILIATES: Enter into any transaction (including, without
                 limitation, the purchase or sale of any asset or service) with,
                 or make any payment or transfer to, any Affiliate other than
                 transactions, payments or transfers:

                 (i)   between the Guarantor and any Wholly-Owned Subsidiary of
                       the Guarantor or between Wholly-Owned Subsidiaries of the
                       Guarantor; or

                 (ii)  in the ordinary course of the day to day business, and
                       pursuant to the reasonable requirements, of the relevant
                       Group Company's business and in accordance with good
                       business practice; or

                 (iii) contemplated by or required in connection with the
                       Demerger or the Transitional Services provided that no
                       such transaction, payment or transfer would have a
                       Material Adverse Effect.

        13.3.6   CHANGE IN FINANCIAL YEAR: In respect of the Guarantor only
                 change its Financial Year to end on any date other than 31
                 December of each year.

        13.3.7   INCONSISTENT AGREEMENTS: Enter into any indenture, agreement,
                 instrument or other arrangement which:

                 (i)   directly or indirectly prohibits or restrains, or has the
                       effect of prohibiting or restraining, or imposes
                       materially adverse conditions upon the incurrence of the
                       obligations of the Obligors under the Financing
                       Documents, the amending of the Financing Documents or the
                       ability of any Subsidiary of the Guarantor to (1) pay
                       dividends or make other distributions on its issued share
                       capital, (2) make loans or advances to the Guarantor, or
                       (3) repay loans or advances from the Guarantor where, in
                       the cases of (1), (2) and (3), such prohibition,
                       restraint or imposition has, or could reasonably be
                       expected to have, a material adverse effect on the
                       ability of the Guarantor to comply with its payment
                       obligations under the Financing Documents; or

                 (ii)  contains any provision which would be violated or
                       breached by the making of Advances or by the performance
                       by any Obligor of any of its obligations under any
                       Financing Document.

14      FINANCIAL UNDERTAKINGS

14.1    MINIMUM NET WORTH

        14.1.1   The Guarantor shall at all times maintain a Net Worth of at
                 least $2,000,000,000.

        14.1.2   If the Demerger has not been completed by 30 September 2002,
                 the Guarantor shall at all times from 1 October 2002 maintain a
                 Net Worth of at least $2,500,000,000.

14.2    EBITDA TO CONSOLIDATED INTEREST EXPENSE

        The Guarantor shall ensure that the ratio of EBITDA to Consolidated
        Interest Expense for any Relevant Period will not be less than 4 to 1.

14.3    FINANCIAL UNDERTAKING CALCULATION

        For the purposes of this Clause 14, Borrowings, EBITDA and the Net Worth
        of the Guarantor shall be determined by reference to the appropriate
        quarterly management

                                     - 42 -
<Page>

        accounts and, once delivered, the Accounts, in each case, most recently
        provided to the Agent under Clauses 13.1.1 (ACCOUNTS) and 13.1.2
        (MANAGEMENT ACCOUNTS).

15      DEFAULT

15.1    DEFAULT

        Each of the following shall be a Default:

        15.1.1   NON-PAYMENT: An Obligor does not pay within 5 days of the
                 relevant due date any amount payable by it under any Financing
                 Document at the place at and in the currency and funds in which
                 it is expressed to be payable.

        15.1.2   FINANCIAL UNDERTAKINGS: Any requirement of Clause 14 (FINANCIAL
                 UNDERTAKINGS) is not satisfied.

        15.1.3   OTHER DEFAULTS: The Guarantor breaches any of its obligations
                 under any Financing Document (other than the obligations
                 referred to in Clause 15.1.1 (NON-PAYMENT) and Clause 15.1.2
                 (FINANCIAL UNDERTAKINGS)) and, if that breach is capable of
                 remedy, it is not remedied within 20 days after notice of that
                 breach has been given by the Agent to the Guarantor.

        15.1.4   BREACH OF REPRESENTATION OR WARRANTY: Any representation,
                 warranty or statement made or deemed to be repeated by the
                 Guarantor under or in connection with any Financing Document or
                 in any document delivered by or on behalf of any Obligor under
                 or in connection with any Financing Document is incorrect in
                 any respect when made or deemed to have been repeated.

        15.1.5   UNLAWFULNESS OR REPUDIATION: It is unlawful for any Obligor to
                 perform or comply with, or any Obligor repudiates, any of its
                 obligations under any Financing Document.

        15.1.6   CROSS-ACCELERATION: Any Indebtedness of all or any of the Group
                 Companies in excess of, in aggregate, $25,000,000:

                 (i)   is not paid when due (taking into account any originally
                       applicable grace period); or

                 (ii)  is declared to be or otherwise becomes due and payable
                       prior to its specified maturity by reason of an event of
                       default, default or similar culpable occurrence on the
                       part of the relevant Group Company.

        15.1.7   CROSS-DEFAULT:

                 (i)   at any time when any creditor or creditors of all or any
                       of the Group Companies has the benefit of a Cross Default
                       Provision (other than where such Cross Default Provision
                       is contained in a document entered into by a company or
                       other entity which is acquired by a Group Company after
                       the date of this Agreement and such Cross Default
                       Provision ceases to exist within one month of such
                       acquisition); or

                 (ii)  if the US Loan Agreement Number 1 lenders or the US Loan
                       Agreement Number 2 lenders amend or have amended the US
                       Loan Agreement Number 1 or the US Loan Agreement Number
                       2, as the case may be, to remove the Cross Default
                       Provision contained in that agreement as at the date of
                       this Agreement at a time when the Guarantor does not have
                       a credit

                                     - 43 -
<Page>

                       rating of at least "A3" (or better) from Moody's and
                       "AA-" (or better) from S & P, and subsequently,

                 any creditor of all or any of the Group Companies becomes
                 entitled to declare any Indebtedness of all or any of the Group
                 Companies in excess of, in aggregate $25,000,000 due and
                 payable prior to its specified maturity.

        15.1.8   ATTACHMENT OR DISTRESS: A creditor or encumbrancer attaches or
                 takes possession of, or a distress, execution, sequestration or
                 other process is levied or enforced upon or sued out against a
                 Substantial Portion of the assets of the Group and such process
                 is not discharged within 28 days.

        15.1.9   UNDISCHARGED JUDGMENT: Any Group Company fails within 30 days
                 to pay, bond, or otherwise discharge any judgment or order for
                 the payment of an amount in excess of $25,000,000 (or multiple
                 judgments or orders for the payment of an aggregate amount of
                 $50,000,000) unless such judgment (or judgments) are being
                 contested in good faith and no enforcement actions have been
                 commenced in relation thereto.

        15.1.10  INABILITY TO PAY DEBTS: Any Group Company (other than a Dormant
                 Subsidiary):

                 (i)   suspends payment of its debts or is unable or admits its
                       inability to pay its debts as they fall due; or

                 (ii)  begins negotiations with any creditor with a view to the
                       readjustment or rescheduling of any of its Indebtedness;
                       or

                 (iii) proposes or enters into any composition or other
                       arrangement for the benefit of its creditors generally or
                       any class of creditors.

        15.1.11  INSOLVENCY PROCEEDINGS: Any person takes any action or any
                 legal proceedings are started or other procedural steps taken
                 (including the presentation of a petition) for:

                 (i)   any Group Company (other than a Dormant Subsidiary) to be
                       adjudicated or found insolvent; or

                 (ii)  the winding-up or dissolution of any Group Company other
                       than (A) in respect of a Dormant Subsidiary, (B) in
                       connection with a solvent reconstruction, the terms of
                       which have been previously approved in writing by the
                       Majority Lenders, (C) (excluding the Guarantor)
                       contemplated by or required in connection with the
                       Demerger provided that no such winding up or dissolution
                       would be reasonably likely to have a Material Adverse
                       Effect or (D) a winding-up petition which is frivolous or
                       vexatious and which is, in any event, discharged within
                       21 days of its presentation and before it is advertised;
                       or

                 (iii) the appointment of a trustee, receiver, administrative
                       receiver or similar officer in respect of (A) any Group
                       Company or (B) a Substantial Portion of the assets of the
                       Group.

        15.1.12  ADJUDICATION OR APPOINTMENT: Any adjudication, order or
                 appointment is made under or in relation to any of the
                 proceedings referred to in Clause 15.1.10 (INABILITY TO PAY
                 DEBTS) or Clause 15.1.11 (INSOLVENCY PROCEEDINGS).

                                     - 44 -
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        15.1.13  ADMINISTRATION ORDER: (other than an application which is
                 frivolous or vexatious and which is, in any event, discharged
                 within 21 days of being made), an application is made to the
                 court for an administration order under the Insolvency Act 1986
                 with respect to any Group Company (other than a Dormant
                 Subsidiary)

        15.1.14  ANALOGOUS PROCEEDINGS: Any event occurs or proceeding is taken
                 with respect to any Group Company (other than a Dormant
                 Subsidiary) in any jurisdiction to which it is subject which
                 has an effect equivalent or similar to any of the events
                 mentioned in Clause 15.1.8 (ATTACHMENT OR DISTRESS), 15.1.10
                 (INABILITY TO PAY DEBTS), 15.1.11 (INSOLVENCY PROCEEDINGS),
                 15.1.12 (ADJUDICATION OR APPOINTMENT), 15.1.13 (ADMINISTRATION
                 ORDER).

        15.1.15  EXPROPRIATION: Any court, government or government agency shall
                 condemn, seize or otherwise appropriate, or take custody or
                 control of (each an "EXPROPRIATION"), all or any portion of the
                 assets of any Group Company which, when taken together with all
                 other assets of the Group Companies so condemned, seized,
                 appropriated or taken custody or control of, during the 12
                 month period ending with the month in which any such
                 Expropriation occurs, constitutes a Substantial Portion.

        15.1.16  QUALIFICATION OF ACCOUNTS: The auditors of the Guarantor issue
                 any qualification in respect of the Accounts of the Guarantor
                 for any of its Financial Years where the circumstances to which
                 such qualification relates have, or could reasonably be
                 expected to have, a Material Adverse Effect.

        15.1.17  BORROWERS: Any of the Borrowers is not, or ceases to be, a
                 Wholly-Owned Subsidiary of the Guarantor.

15.2    ACCELERATION

        If a Default occurs and remains unremedied the Agent may, and shall if
        so instructed by the Majority Lenders, by notice (a "DEFAULT NOTICE") to
        the Guarantor:

        15.2.1   cancel the Facilities and require the Borrowers immediately to
                 repay all Advances together with accrued interest and all other
                 sums payable under this Agreement, whereupon they shall become
                 immediately due and payable; or

        15.2.2   place the Facilities on demand, whereupon all Advances together
                 with accrued interest and all other sums payable under this
                 Agreement shall become repayable on demand made by the Agent on
                 the instructions of the Majority Lenders.

        Upon the service of any Default Notice the Lenders' obligations under
        this Agreement shall be terminated and the Commitment of each Lender
        shall be cancelled.

15.3    DEMERGER

        The Lenders confirm that any waiver or consent requested by the
        Guarantor due to the fact that any steps or transactions required to be
        taken by it or any company in the Group for the purpose of completing
        the Demerger are not permitted by or would cause a breach of this
        Agreement shall be considered by the Lenders in good faith. There will
        be no obligation on the Lenders to give such waiver or consent.

                                     - 45 -
<Page>

16      SET-OFF

        Without prejudice to their rights at law, any time while a Default has
        occurred and is continuing, the Agent and each Lender may set-off any
        matured obligation owed by an Obligor under any Financing Document
        against any matured obligation owed by the Agent or the relevant Lender
        to that Obligor, regardless of the place of payment, booking branch or
        currency of either obligation. If the obligations are in different
        currencies, the Agent or the relevant Lender may convert either
        obligation at the spot rate of exchange of the Agent or the relevant
        Lender, as the case may be, for the purpose of the set-off.

17      PRO RATA SHARING

17.1    REDISTRIBUTION

        If any amount owing by an Obligor under this Agreement to a Lender (the
        "SHARING LENDER") is discharged by voluntary or involuntary payment,
        set-off or in any other manner other than through the Agent in
        accordance with Clause 10 (PAYMENTS), then:

        17.1.1   the Sharing Lender shall immediately notify the Agent of the
                 amount discharged and the manner of its receipt or recovery;

        17.1.2   the Agent shall determine whether the amount discharged is in
                 excess of the amount which the Sharing Lender would have
                 received had the amount discharged been received by the Agent
                 and distributed in accordance with Clause 10 (PAYMENTS);

        17.1.3   the Sharing Lender shall pay the Agent an amount equal to that
                 excess (the "EXCESS AMOUNT") within 5 Business Days of demand
                 by the Agent;

        17.1.4   the Agent shall treat the excess amount as if it were a payment
                 by an Obligor under Clause 10 (PAYMENTS) and shall pay the
                 excess amount to the Lenders (other than the Sharing Lender) in
                 accordance with Clause 10.7 (PARTIAL PAYMENTS); and

        17.1.5   as between the relevant Obligor and the Sharing Lender the
                 excess amount shall be treated as not having been received or
                 recovered, and accordingly that Obligor shall owe the Sharing
                 Lender an immediately payable debt equal to the excess amount.

17.2    LEGAL PROCEEDINGS

        Notwithstanding Clause 17.1 (REDISTRIBUTION), no Sharing Lender shall be
        obliged to share any excess amount which it receives or recovers
        pursuant to legal proceedings taken by it to recover any sums owing to
        it under this Agreement with any other Lender which has a legal right
        to, but does not, either join in such proceedings or commence and
        diligently pursue separate proceedings to enforce its rights, unless the
        proceedings instituted by the Sharing Lender are instituted by it
        without prior notice having been given to such Lender through the Agent
        and an opportunity to such Lender to join in such proceedings.

17.3    REVERSAL OF REDISTRIBUTION

        If any excess amount subsequently has to be wholly or partly refunded to
        a Borrower by a Sharing Lender which has paid an amount equal to that
        excess amount to the Agent under Clause 17.1 (REDISTRIBUTION), each
        Lender to which any part of that amount was distributed

                                     - 46 -
<Page>

        shall on request from the Sharing Lender repay to the Sharing Lender
        such Lender's proportionate share of the amount which has to be so
        refunded by the Sharing Lender.

17.4    INFORMATION

        Each Lender shall on request supply to the Agent such information as the
        Agent may from time to time request for the purpose of this Clause 17.

18      THE ARRANGER, THE AGENT AND THE LENDERS

18.1    APPOINTMENT AND DUTIES

        18.1.1   Each Lender irrevocably appoints the Agent to act as its agent
                 in connection with this Agreement and irrevocably authorises
                 the Agent on its behalf to perform the duties and to exercise
                 the rights, powers and discretions that are specifically
                 delegated to it under or in connection with this Agreement
                 together with any other incidental rights, powers and
                 discretions.

        18.1.2   The Agent shall have no duties or responsibilities except those
                 expressly set out in this Agreement. As to any matters not
                 expressly provided for, the Agent shall act in accordance with
                 the instructions of the Majority Lenders (but in the absence of
                 any such instructions shall not be obliged to act). Any such
                 instructions, and any action taken by the Agent in accordance
                 with those instructions, shall be binding upon all the Lenders.

        18.1.3   The Agent may:

                 (i)   act in an agency, trustee, fiduciary or other capacity on
                       behalf of any other banks or financial institutions
                       providing facilities to any Group Company or any
                       associated company of a Group Company, as freely in all
                       respects as if it had not been appointed to act as agent
                       and/or trustee for the Lenders under this Agreement and
                       without regard to the effect on the Lenders of acting in
                       such capacity; and

                 (ii)  subscribe for, hold, be beneficially entitled to or
                       dispose of shares or securities, or options or other
                       rights to and interests in shares or securities in any
                       Group Company or any associated company of a Group
                       Company (in each case, without liability to account).

        18.1.4   Each division or department of the Agent (including, for so
                 long as Citibank International plc is the Agent, the European
                 Loans Agency department of Citibank International plc) shall be
                 treated as a separate entity from any other division or
                 department of the Agent. If any of the Agent's divisions or
                 departments (including, in the case of Citibank International
                 plc, its European Loans Agency department) should act for any
                 Group Company in any capacity (whether as bankers or otherwise)
                 in relation to any other matter, any information given by any
                 Group Company to any such division or department may be treated
                 as confidential and the Agent shall, as between itself and the
                 Lenders, not be obliged to disclose the same to any Lender or
                 any other person.

        18.1.5   It is acknowledged that the role of the Arranger is and has
                 been confined solely to arranging the Facilities and that it
                 does not act as agent of any Lender and that in such capacity
                 it shall have no obligations and liabilities in relation to
                 this Agreement.

                                     - 47 -
<Page>

18.2    PAYMENTS

        18.2.1   The Agent shall promptly account to the Lending Office of each
                 Lender for such Lender's due proportion of all sums received by
                 the Agent for such Lender's account, whether by way of
                 repayment or prepayment of principal or payment of interest,
                 fees or otherwise.

        18.2.2   The Agent shall maintain a memorandum account showing the
                 principal amount of each Advance outstanding under this
                 Agreement and the amount of each Lender's Participation in the
                 Advances.

        18.2.3   Each Lender confirms in favour of the Agent that, unless it
                 notifies the Agent to the contrary, it will be the beneficial
                 owner of any interest paid to it under this Agreement, and it
                 will be within the charge to United Kingdom corporation tax as
                 respects that interest.

18.3    DEFAULT

        The Agent shall not be obliged to monitor or enquire as to whether or
        not a Default or Potential Default has occurred. The Agent shall be
        entitled to assume that no Default or Potential Default has occurred
        unless it receives notice to the contrary from a Borrower or any Lender
        describing the Default or Potential Default and stating that such notice
        is a "Default Notice" or unless it is aware of a payment default under
        this Agreement, in which case it shall promptly notify each Lender.

18.4    RELIANCE

        The Agent may:

        18.4.1   rely on any communication or document believed by it to be
                 genuine and correct and to have been communicated or signed by
                 the person by whom it purports to be communicated or signed;
                 and

        18.4.2   engage, pay for and rely on the advice of any professional
                 advisers selected by it given in connection with the Financing
                 Documents or any of the matters contemplated by the Financing
                 Documents,

        and shall not be liable to any Party for any of the consequences of such
        reliance.

18.5    LEGAL PROCEEDINGS

        18.5.1   The Agent shall not be obliged to take or commence any legal
                 action or proceeding against a Borrower or any other person
                 arising out of or in connection with the Financing Documents
                 until it shall have been indemnified or secured to its
                 satisfaction against all costs, claims and expenses (including
                 any costs award which may be made against it as a result of any
                 such legal action or proceeding not being successful) which it
                 may expend or incur in such legal action or proceeding.

        18.5.2   The Agent may refrain from doing anything which might in its
                 opinion constitute a breach of any law or any duty of secrecy
                 or confidentiality or be otherwise actionable at the suit of
                 any person.

18.6    NO LIABILITY

        18.6.1   Neither the Agent nor any of its officers, employees or agents
                 shall be liable for any action taken or not taken by it or any
                 of them under or in connection with the

                                     - 48 -
<Page>

                 Financing Documents unless directly caused by its or their
                 negligence, wilful misconduct or breach of this Agreement.

        18.6.2   Neither the Agent nor the Arranger shall be responsible for any
                 statements, representations or warranties in this Agreement or
                 for any information supplied or provided to any Lender by the
                 Agent or the Arranger in respect of an Obligor or any other
                 person or for any other matter relating to this Agreement or
                 for the execution, genuineness, validity, legality,
                 enforceability or sufficiency of this Agreement or any other
                 document referred to in this Agreement or for the
                 recoverability of all or any of the Advances or any of the
                 other sums to become due and payable under the Financing
                 Documents.

18.7    CREDIT DECISIONS

        18.7.1   Each Lender:

                 (i)   acknowledges that it has, independently and without
                       reliance on the Agent or the Arranger, made its own
                       analysis of the transaction contemplated by, and reached
                       its own decision to enter into, this Agreement and made
                       its own investigation of the financial condition and
                       affairs and its own appraisal of the creditworthiness of
                       the Borrowers and any surety for the Borrowers'
                       obligations; and

                 (ii)  agrees that it shall continue to make its own independent
                       appraisal of the creditworthiness of the Borrowers and
                       any surety for the Borrowers' obligations.

        18.7.2   Each Lender agrees that it shall, independently and without
                 reliance on the Agent or the Arranger, make its own decision to
                 take or not take action under this Agreement.

18.8    INFORMATION

        18.8.1   The Agent shall provide the Lenders with all information and
                 copies of all notices which by the terms of this Agreement are
                 to be provided or given to the Lenders.

        18.8.2   Except as specifically provided in this Agreement, the Agent
                 shall not be under any duty or obligation:

                 (i)   either initially or on a continuing basis, to provide any
                       Lender with any credit information or other information
                       with respect to the financial condition of the Obligors
                       or which is otherwise relevant to the Facilities; or

                 (ii)  to request or obtain any certificate, document or
                       information from an Obligor unless specifically requested
                       to do so by a Lender in accordance with this Agreement.

18.9    RELATIONSHIP WITH LENDERS

        18.9.1   In performing its functions and duties under this Agreement,
                 the Agent shall act solely as the agent for the Lenders and
                 except as expressly provided in this Agreement shall not be
                 deemed to be acting as trustee for any Lender and shall not
                 assume or be deemed to have assumed any obligation as agent or
                 trustee for, or any relationship of agency or trust with, any
                 Obligor.

                                     - 49 -
<Page>

        18.9.2   Neither the Agent, the Arranger nor any Lender shall be under
                 any liability or responsibility of any kind to an Obligor or
                 any other Lender arising out of or in relation to any failure
                 or delay in performance or breach by an Obligor or any other
                 Lender of any of its or their respective obligations under this
                 Agreement.

18.10   AGENT'S POSITION

        18.10.1  With respect to its own Participation in an Advance, the Agent
                 shall have the same rights and powers under and in respect of
                 this Agreement as any other Lender and may exercise those
                 rights and powers as though it were not also acting as agent
                 for the Lenders. The Agent may, without liability to account,
                 accept deposits from, lend money to and generally engage in any
                 kind of banking, finance, advisory, trust or other business
                 with or for a Borrower as if it were not the agent or the
                 trustee for the Lenders under this Agreement.

        18.10.2  The Agent may retain for its own use and benefit (and shall not
                 be liable to account to any Lender for all or any part of) any
                 sums received by it by way of agency or management or
                 arrangement fees or by way of reimbursement of expenses
                 incurred by it.

18.11   INDEMNITY

        Each Lender shall immediately on demand indemnify the Agent ((to the
        extent not reimbursed by the Obligors) rateably according to the
        proportion which its Commitment bears to the Total Commitments) from and
        against all liabilities, losses and expenses of any kind or nature
        whatsoever in any way relating to or arising out of this Agreement
        (except in respect of any agency, management or other fee due to the
        Agent) which may be incurred by the Agent in its capacity as agent or
        trustee for the Lenders or any action taken or omitted by the Agent in
        enforcing or preserving the rights of the Lenders or the Agent under
        this Agreement, provided that no Lender shall be liable for any portion
        of such liabilities, losses or expenses resulting from the Agent's gross
        negligence or wilful misconduct. The Obligors shall reimburse each
        Lender on demand in full in respect of any amount paid to the Agent by
        such Lender under this Clause 18.11.

18.12   REMOVAL AND RESIGNATION OF THE AGENT

        18.12.1  The Majority Lenders may, by giving at least 60 days' notice to
                 the Agent, remove the Agent and replace it with a successor
                 Agent approved by the Guarantor (such approval not to be
                 unreasonably withheld).

        18.12.2  The Agent may, following consultation with the Guarantor,
                 resign and appoint one of its Affiliates acting through an
                 office in London, as successor by giving notice to the Lenders
                 and the Guarantor.

        18.12.3  Alternatively to the resignation under Clause 18.12.2, the
                 Agent may resign by giving at least 60 days' notice to the
                 Guarantor and each Lender. Upon receipt of a notice of
                 resignation the Guarantor and the Majority Lenders may select
                 any bank or other financial institution as successor Agent.

        18.12.4  If no bank or other financial institution selected by the
                 Guarantor and the Majority Lenders shall have accepted such
                 appointment within 20 days after the Agent has given a notice
                 of resignation in accordance with Clause 18.12.3, then the
                 Majority Lenders may, after consultation with the Guarantor,
                 appoint any bank or other financial institution as successor
                 Agent.

                                     - 50 -
<Page>

        18.12.5  If no bank or other financial institution selected by the
                 Majority Lenders shall have accepted such appointment within 40
                 days after the Agent has given a notice of resignation in
                 accordance with Clause 18.12.3, then the resigning Agent may,
                 after consultation with the Guarantor, appoint any bank or
                 other financial institution with an office in London as
                 successor Agent.

        18.12.6  The resignation or removal of the Agent and the appointment of
                 any successor Agent shall both become effective only upon the
                 successor Agent notifying the resigning Agent, the Guarantor
                 and each Lender that it accepts its appointment. On such
                 notification:

                 (i)   the resigning Agent shall be discharged from its
                       obligations and duties as Agent under this Agreement but
                       it shall continue to be able to rely on the provisions of
                       this Clause 18 in respect of all matters relating to the
                       period of its appointment; and

                 (ii)  the successor Agent shall assume the role of Agent and
                       shall have all the rights, powers, discretions and duties
                       which the Agent has under the Financing Documents.

        18.12.7  The resigning Agent shall make available to the successor Agent
                 all records and documents held by it as Agent, and shall
                 co-operate with the successor Agent to ensure an orderly
                 transition.

18.13   CHANGE OF OFFICE

        The Agent may at any time in its sole discretion by notice to the
        Guarantor and each Lender designate a different office in the United
        Kingdom from which its duties as the Agent will be performed.

19      FEES AND EXPENSES

19.1    EXPENSES

        The Guarantor shall on demand pay all expenses incurred (including
        reasonable legal, valuation and accounting fees but in relation to
        paragraphs Clauses 19.1.1, 19.1.2 and 19.1.3 below only to the extent
        the same are reasonable in amount and subject to the limits agreed in
        the Fees Letter), and any VAT on those expenses:

        19.1.1   by the Agent in connection with the negotiation, preparation
                 and execution of the Financing Documents and the other
                 documents contemplated by the Financing Documents;

        19.1.2   by the Agent in respect of the syndication of the Facilities;

        19.1.3   by the Agent or the Lenders in connection with the granting of
                 any release, waiver or consent or in connection with any
                 amendment or variation of any Financing Document; and

        19.1.4   by the Agent or the Lenders in enforcing, perfecting,
                 protecting or preserving (or attempting so to do) any of their
                 rights, or in suing for or recovering any sum due from a
                 Borrower or any other person under any Financing Document.

                                     - 51 -
<Page>

19.2    ARRANGEMENT, AGENCY AND PARTICIPATION FEES

        The Guarantor shall pay to the Arranger arrangement and participation
        fees and to the Agent agency fees in accordance with the terms of the
        Fees Letter.

19.3    COMMITMENT FEE

        19.3.1   The Guarantor shall pay a commitment fee in euros to the Agent
                 for the account of the Lenders on the Available Revolving
                 Credit Facility and Available 364 Day Facility. The commitment
                 fee shall be calculated at a rate equal to the Applicable Rate
                 (as defined in Clause 19.3.2) on a day to day basis and a 360
                 day year in respect of the Revolving Commitment Period or, as
                 the case may be, the 364 Day Commitment Period (including any
                 extension under Clause 8.6 (EXTENSIONS TO 364 DAY COMMITMENT
                 PERIOD)) and shall be payable in arrear at the end of each
                 successive period of 3 months commencing on the date of this
                 Agreement and also on the last day of the Revolving Credit
                 Commitment Period or, as the case may be, the 364 Day
                 Commitment Period, or on any earlier date on which the Total
                 Revolving Credit Commitments or, as the case may be, the Total
                 364 Day Commitments equals zero.

        19.3.2   On any day the "APPLICABLE RATE" in relation to:

                 (i)   the Revolving Credit Facility shall be the percentage
                       rate per annum set out in Column B below; and

                 (ii)  the 364 Day Facility shall be the percentage rate per
                       annum set out in Column C below,

                 in each case, opposite the Debt Rating Level of the Guarantor
                 at the opening of business in London on such date set out in
                 Column A below:

<Table>
<Caption>
                 COLUMN A                   COLUMN B                         COLUMN C

                 DEBT RATING LEVEL          REVOLVING CREDIT FACILITY        364 DAY FACILITY
                                            PERCENTAGE PER ANNUM             PERCENTAGE PER ANNUM
                 <S>                        <C>                              <C>
                 Level 1                    0.1625                           0.09

                 Level 2                    0.1875                           0.10

                 Level 3                    0.2625                           0.14
</Table>

                 provided that if on such date :

                       (a)  the Debt Rating Level given by one of S&P or Moody's
                            is Level 1 and by the other of S&P or Moody's is
                            Level 2, Level 1 shall be the Debt Rating Level; or

                       (b)  the Debt Rating Level given by one of S&P or Moody's
                            is Level 2 and by the other of S&P or Moody's is
                            Level 3, Level 2 shall be the Debt Rating Level; or

                       (c)  the Debt Rating given by one of S&P or Moody's is
                            Level 1 and by the other of S&P or Moody's is Level
                            3, Level 2 shall be the Debt Rating Level.

                                     - 52 -
<Page>

19.4    UTILISATION FEE

        19.4.1   Subject to Clause 19.4.2 below, the Guarantor shall pay a
                 utilisation fee in euros to the Agent for the account of the
                 Lenders on the aggregate amount of the outstanding Advances.
                 The utilisation fee shall be calculated at a rate equal to
                 0.025 per cent. per annum of the aggregate amount of the
                 outstanding Advances on a day to day basis and a 360 day year
                 and shall be payable in arrear at the end of each successive
                 period of 3 months commencing on the date of this Agreement.

        19.4.2   The utilisation fee will be payable whenever the aggregate
                 amount of the outstanding Advances exceeds 50 per cent. of the
                 Total Commitments.

19.5    DOCUMENTARY TAXES INDEMNITY

        All stamp, documentary, registration or other like duties or Taxes,
        including any penalties, additions, fines, surcharges or interest
        relating to those duties and Taxes, which are imposed or chargeable on
        or in connection with, or arising as a consequence of any Financing
        Document (for the avoidance of doubt, other than any Transfer
        Certificate) shall be paid by the Guarantor. The Agent shall be entitled
        but not obliged to pay any such duties or Taxes (whether or not they are
        its primary responsibility). If the Agent does so the Guarantor shall on
        demand indemnify the Agent against those duties and Taxes and against
        any costs and expenses incurred by the Agent in discharging them.

19.6    VAT

        19.6.1   All payments made by an Obligor under the Financing Documents
                 are calculated without regard to VAT. If any such payment
                 constitutes the whole or any part of the consideration for a
                 taxable or deemed taxable supply (whether that supply is
                 taxable pursuant to the exercise of an option or otherwise) by
                 the Agent or a Lender, the amount of that payment shall be
                 increased by an amount equal to the amount of VAT which is
                 chargeable in respect of the taxable supply in question.

        19.6.2   No payment or other consideration to be made or furnished to an
                 Obligor by the Agent or a Lender pursuant to or in connection
                 with this Agreement or any transaction or document contemplated
                 in this Agreement may be increased or added to by reference to
                 (or as a result of any increase in the rate of) any VAT which
                 shall be or may become chargeable in respect of any taxable
                 supply.

19.7    INDEMNITY PAYMENTS

        Where in this Agreement an Obligor has an obligation to indemnify or
        reimburse the Agent or a Lender in respect of any loss or payment, the
        calculation of the amount payable by way of indemnity or reimbursement
        shall take account of the likely Tax treatment in the hands of the Agent
        or the relevant Lender, as the case may be (as determined by the
        relevant party's auditors) of the amount payable by way of indemnity or
        reimbursement and of the loss or payment in respect of which that amount
        is payable.

20      AMENDMENTS AND WAIVERS

20.1    MAJORITY LENDERS

        20.1.1   Subject to Clause 20.2 (ALL LENDERS), any term of this
                 Agreement may be amended or waived with the written agreement
                 of the Guarantor, the Majority Lenders and

                                     - 53 -
<Page>

                 the Agent. The Agent may effect, on behalf of the Majority
                 Lenders, an amendment or waiver to which the Majority Lenders
                 have agreed.

        20.1.2   The Agent shall promptly notify the Guarantor and each Lender
                 of any amendment or waiver effected under Clause 20.1.1 and any
                 such amendment or waiver shall be binding on the Obligors and
                 each Lender.

20.2    ALL LENDERS

        An amendment or waiver which relates to:

        20.2.1   the definition of "Majority Lenders" in Clause 1.1 (DEFINITIONS
                 AND INTERPRETATION);

        20.2.2   an extension of the date for, or a decrease in an amount or a
                 change in the currency of, any payment under this Agreement;

        20.2.3   an increase in a Lender's Commitment;

        20.2.4   a term of this Agreement which expressly requires the consent
                 of each Lender;

        20.2.5   Clause 7 (INTEREST), 8 (REPAYMENT, PREPAYMENT'S CANCELLATION
                 AND EXTENSION), 11 (GUARANTEE) or 17 (PRO RATA SHARING) or this
                 Clause 20 (AMENDMENTS AND WAIVERS); or

        20.2.6   an extension of the Revolving Credit Commitment Period,

        may not be effected without the prior written consent of each Lender.

20.3    CHANGE IN CURRENCY

        20.3.1   Unless otherwise prohibited by law, if more than one currency
                 or currency unit are at the same time recognised by the central
                 bank of any country as the lawful currency of that country,
                 then:

                 (i)   any reference in the Financing Documents to, and any
                       obligations arising under the Financing Documents in, the
                       currency of that country shall be translated into, or
                       paid in, the currency or currency unit of that country
                       designated by the Agent (after consultation with the
                       Guarantor); and

                 (ii)  any translation from one currency or currency unit to
                       another shall be at the official rate of exchange
                       recognised by the central bank for the conversion of that
                       currency or currency unit into the other, rounded up or
                       down by the Agent (acting reasonably).

        20.3.2   If a change in any currency of a country occurs, this Agreement
                 will, to the extent the Agent (acting reasonably and after
                 consultation with the Guarantor) specifies to be necessary, be
                 amended to comply with any generally accepted conventions and
                 market practice in the relevant interbank market and otherwise
                 to reflect the change in currency.

20.4    NO IMPLIED WAIVERS; REMEDIES CUMULATIVE

        The rights of the Agent and each Lender under the Financing Documents:

        20.4.1   may be exercised as often as necessary;

        20.4.2   are cumulative and not exclusive of its rights under the
                 general law; and

        20.4.3   may be waived only in writing and specifically.

                                     - 54 -
<Page>

        Delay in exercising or non-exercise of any such right is not a waiver of
        that right.

21      MISCELLANEOUS

21.1    SEVERANCE

        If any provision of the Financing Documents is or becomes illegal,
        invalid or unenforceable in any jurisdiction, that shall not affect:

        21.1.1   the legality, validity or enforceability in that jurisdiction
                 of any other provision of this Agreement; or

        21.1.2   the legality, validity or enforceability in any other
                 jurisdiction of that or any other provision of the Financing
                 Documents.

21.2    COUNTERPARTS

        This Agreement may be executed in any number of counterparts and this
        shall have the same effect as if the signatures on the counterparts were
        on a single copy of this Agreement.

22      NOTICES

22.1    METHOD

        Each notice or other communication to be given under this Agreement
        shall be given in writing in English and, unless otherwise provided,
        shall be made by telex, fax or letter.

22.2    DELIVERY

        Any notice or other communication to be given by one Party to another
        under this Agreement shall (unless one Party has by 15 days' notice to
        the other Party specified another address) be given to that other Party,
        in the case of any of the Obligors and the Agent, at the respective
        addresses given in Clause 22.3 and in the case of the Lenders, at the
        respective addresses notified to the Agent in writing prior to the date
        on which it becomes a Party and, in the case of any new Borrower as set
        out in the schedule to its relevant Deed of Accession.

22.3    ADDRESSES

        The address, telex number and fax number of the Obligors and Agent are:

        22.3.1   the Obligors:

                 c/o Aon Finance Limited
                 8 Devonshire Square
                 London EC2M 4PL

                 Attention: Jane Owen Aon Law Division
                 Fax:       020 7216 3225

                 Copy to:

                 Aon Corporation
                 200 E. Randolph Street, 4th Floor
                 Chicago

                                     - 55 -
<Page>

                 Illinois 60601
                 U.S.A.

                 Attention: Diane Aigotti/Ron Buetow
                 Fax:       001 312 381 6060

                 and

                 AON Corporation
                 200 E. Randolph Street
                 Chicago
                 Illinois 60601
                 U.S.A

                 Attention: Richard E Barry, Senior Counsel
                 Fax:       001 312 381 6165

        22.3.2   the Agent:

                 Loans Agency
                 Riverdale House
                 Floor 3
                 68 Molesworth Street
                 London SE13 7EU

                 Attention: Loans Agency
                 Telex:     299831
                 Fax:       020 7500 4482

22.4    DEEMED RECEIPT

        22.4.1   Any notice or other communication given by the Agent shall be
                 deemed to have been received:

                 (i)   if sent by telex with the relevant answerback appearing
                       at the beginning and end of the telex, on the day on
                       which transmitted;

                 (ii)  if sent by fax, with a confirmed receipt of transmission
                       from the receiving machine, on the day on which
                       transmitted;

                 (iii) in the case of a written notice given by hand, on the day
                       of actual delivery; and

                 (iv)  if posted, on the second Business Day or, in the case of
                       airmail, the fifth Business Day following the day on
                       which it was despatched by first class mail postage
                       prepaid or, as the case may be, airmail postage prepaid,

                 provided that a notice given in accordance with the above but
                 received on a day which is not a Business Day or after normal
                 business hours in the place of receipt shall only be deemed to
                 have been received on the next Business Day.

        22.4.2   Any notice or other communication given to the Agent shall be
                 deemed to have been given only on actual receipt.

                                     - 56 -
<Page>

22.5    NOTICES THROUGH AGENT

        Any notice or other communication from or to an Obligor under this
        Agreement shall be sent through the Agent.

22.6    NOTICES THROUGH AON UK

        Any notices or other communication under this Agreement from or to an
        Obligor shall be sent through Aon UK which shall act as agent on behalf
        of each of the Obligors in such respect.

22.7    ELECTRONIC COMMUNICATION

        22.7.1   Any communication to be made between the Agent and a Lender
                 under or in connection with the Financing Documents may be made
                 by electronic mail or other electronic means, if the Agent and
                 the relevant Lender:

                 (i)   agree that, unless and until notified to the contrary,
                       this is to be an accepted form of communication;

                 (ii)  notify each other in writing of their electronic mail
                       address and/or any other information required to enable
                       the sending and receipt of information by that means; and

                 (iii) notify each other of any change to their address or any
                       other such information supplied by them.

        22.7.2   Any electronic communication made between the Agent and a
                 Lender will be effective only when actually received in
                 readable form and in the case of any electronic communication
                 made by a Lender to the Agent only if it is addressed in such a
                 manner as the Agent shall specify for this purpose.

23      ASSIGNMENTS AND TRANSFERS

23.1    BENEFIT OF AGREEMENT

        This Agreement shall be binding upon and ensure to the benefit of each
        Party and its successors and assigns.

23.2    ASSIGNMENTS AND TRANSFERS BY BORROWER

        No Obligor shall be entitled to assign or transfer any of its rights or
        obligations under the Financing Documents.

23.3    ASSIGNMENTS BY LENDERS

        Subject to Clause 23.5 (ASSIGNMENT AND TRANSFER REQUIREMENTS), any
        Lender may assign any of its rights and benefits under this Agreement to
        another bank or other financial institution, and provided that until the
        assignee has confirmed to the Agent and the other Lenders that it shall
        be under the same obligations towards each of them as it would have been
        under if it had been a party to this Agreement as a Lender, the Agent
        and the other Lenders shall not be obliged to recognise the assignee as
        having the rights against each of them which it would have had if it had
        been such a party to this Agreement.

                                     - 57 -
<Page>

23.4    TRANSFERS BY LENDERS

        23.4.1   Subject to Clause 23.5 (ASSIGNMENT AND TRANSFER REQUIREMENTS),
                 any Lender may transfer, in accordance with this Clause 23.4,
                 any of its rights and obligations under this Agreement.

        23.4.2   If any Lender (the "EXISTING LENDER") wishes to transfer all or
                 any part of its Commitment or Participation in Advances to
                 another bank or other financial institution (the "LENDER
                 TRANSFEREE"), such transfer may be effected by way of a
                 novation by the delivery to, and the execution by, the Agent of
                 a duly completed Transfer Certificate.

        23.4.3   On the date specified in the Transfer Certificate:

                 (i)   to the extent that in the Transfer Certificate the
                       Existing Lender seeks to transfer its Commitment or
                       Participation in Advances, the Obligors and the Existing
                       Lender shall each be released from further obligations to
                       each other under this Agreement and their respective
                       rights against each other shall be cancelled (such rights
                       and obligations being referred to in this Clause 23.4.3
                       as "DISCHARGED RIGHTS AND OBLIGATIONS");

                 (ii)  the Obligors and the Lender Transferee shall each assume
                       obligations towards each other and/or acquire rights
                       against each other which differ from the Discharged
                       Rights and Obligations only insofar as the Obligors and
                       the Lender Transferee have assumed and/or acquired the
                       same in place of the Obligors and the Existing Lender;
                       and

                 (iii) each of the Parties and the Lender Transferee shall
                       acquire the same rights and assume the same obligations
                       among themselves as they would have acquired and assumed
                       had the Lender Transferee been a party under this
                       Agreement as a Lender with the rights and/or the
                       obligations acquired or assumed by it as a result of the
                       transfer.

        23.4.4   The Agent shall promptly complete a Transfer Certificate on
                 request by an Existing Lender and upon payment by the Lender
                 Transferee of a fee of $1,500 to the Agent. Each Obligor and
                 each Lender irrevocably authorises the Agent to execute any
                 duly completed Transfer Certificate on its behalf provided that
                 such authorisation does not extend to the execution of a
                 Transfer Certificate on behalf of either the Existing Lender or
                 the Lender Transferee named in the Transfer Certificate.

        23.4.5   The Agent shall promptly notify the Guarantor of the receipt
                 and execution on its behalf by the Agent of any Transfer
                 Certificate.

23.5    ASSIGNMENT AND TRANSFER REQUIREMENTS

        In relation to any assignment or transfer under this Clause 23:

        23.5.1   such assignment or transfer must be in respect of a Commitment
                 of at least EURO 10,000,000 or, if less, the whole Commitment
                 of the assignee or transferee; and

        23.5.2   such assignment or transfer may be of the assignor's or
                 transferor's Revolving Credit Commitment and/or 364 Day
                 Commitment, in any proportion; and

        23.5.3   unless such assignment or transfer is to an Affiliate of the
                 assignor or transferor incorporated in the same jurisdiction as
                 the assignor and transferor or to another

                                     - 58 -
<Page>

                 Lender, the prior consent of the Guarantor shall have been
                 obtained (such consent not to be unreasonably withheld or
                 delayed).

        23.5.4   if any Lender assigns its rights under this Agreement a written
                 instrument by which such rights are assigned must be notified
                 to any Borrower incorporated in France by bailiff ("HUISSIER")
                 in accordance with the provision of article 1690 of the French
                 Civil Code at the cost of the Lender concerned.

23.6    CONSEQUENCES OF TRANSFER

        The Obligors shall be under no obligation to pay any greater amount
        under this Agreement (including, any amounts which would otherwise be
        payable by such Borrower under Clause 10.9 (GROSSING-UP) or Clause 9.2
        (INCREASED COSTS)) following an assignment or transfer by a Lender of
        any of its rights or obligations pursuant to this Clause 23 if, in the
        circumstances existing at the time of such assignment or transfer, such
        greater amount would not have been payable but for the assignment or
        transfer.

23.7    SUB-PARTICIPATION

        Each Lender may at any time sub-participate any of its rights and/or
        obligations under this Agreement.

23.8    DISCLOSURE OF INFORMATION

        In addition to their rights of disclosure at law, the Agent and each
        Lender may disclose to each other, to their Affiliates, to their
        professional advisers, their auditors, any relevant regulator or to any
        actual or potential assignee, transferee or sub-participant any
        information which the Agent or that Lender has acquired under or in
        connection with any Financing Document subject (other than in the case
        of disclosure required by law or to a regulator) to the recipient
        agreeing to treat the relevant information as confidential.

24      INDEMNITIES

24.1    BREAKAGE COSTS INDEMNITY

        The Guarantor shall indemnify each Lender on demand against any loss or
        expense (including any loss or expense on account of funds borrowed,
        contracted for or utilised to fund any amount payable under this
        Agreement, any amount repaid or prepaid under this Agreement or any
        Advance) which that Lender has sustained or incurred as a consequence
        of:

        24.1.1   an Advance not being made following the service of a Drawdown
                 Notice (except as a result of the failure of that Lender to
                 comply with its obligations under this Agreement);

        24.1.2   the operation of Clause 6.2 (NO ALTERNATIVE CURRENCY);

        24.1.3   the failure of an Obligor to make payment on the due date of
                 any sum due under this Agreement;

        24.1.4   the occurrence of any Default or the operation of Clause 15.2
                 (ACCELERATION); or

        24.1.5   any repayment or prepayment of an Advance (other than pursuant
                 to Clause 9.1.2 otherwise than on the last day of the Interest
                 Period in relation to that Advance.

                                     - 59 -
<Page>

24.2    CURRENCY INDEMNITY

        24.2.1   Any payment made to or for the account of or received by the
                 Agent or any Lender in respect of any moneys or liabilities
                 due, arising or incurred by an Obligor to the Agent or any
                 Lender in a currency (the "CURRENCY OF PAYMENT") other than the
                 currency in which the payment should have been made under this
                 Agreement (the "CURRENCY OF OBLIGATION") in whatever
                 circumstances (including as a result of a judgment against that
                 Obligor) and for whatever reason shall constitute a discharge
                 to that Obligor only to the extent of the Currency of
                 Obligation amount which the Agent or that Lender, as the case
                 may be, is able on the date of receipt of such payment (or if
                 such date of receipt is not a Business Day, on the next
                 succeeding Business Day) to purchase with the Currency of
                 Payment amount at its spot rate of exchange (as conclusively
                 determined by the Agent or that Lender) in the London foreign
                 exchange market.

        24.2.2   If the amount of the Currency of Obligation which the Agent or
                 that Lender is so able to purchase falls short of the amount
                 originally due to the Agent or that Lender, as the case may be,
                 under this Agreement, then the relevant Obligor shall
                 immediately on demand indemnify the Agent or that Lender, as
                 the case may be, against any loss or damage arising as a result
                 of that shortfall by paying to the Agent or that Lender, as the
                 case may be, that amount in the Currency of Obligation
                 certified by the Agent or that Lender, as the case may be, as
                 necessary so to indemnify it.

24.3    GENERAL

        24.3.1   The indemnities in this Clause 24 shall constitute separate and
                 independent obligations from the other obligations contained in
                 this Agreement, shall give rise to separate and independent
                 causes of action, shall apply irrespective of any indulgence
                 granted from time to time and shall continue in full force and
                 effect notwithstanding any judgment or order for a liquidated
                 sum or sums in respect of amounts due under this Agreement or
                 under any such judgment or order.

        24.3.2   The certificate of the Agent or the relevant Lender as to the
                 amount of any loss or damage sustained or incurred by it shall
                 be conclusive and binding on the Obligors except for any
                 manifest error.

25      LAW AND JURISDICTION

25.1    LAW

        This Agreement is governed by and shall be construed in accordance with
        English law.

25.2    JURISDICTION

        25.2.1   The Parties agree that the courts of England shall have
                 jurisdiction to settle any disputes which may arise in
                 connection with any Financing Document and that any judgment or
                 order of an English court in connection with any Financing
                 Document is conclusive and binding on them and may be enforced
                 against them in the courts of any other jurisdiction. This
                 Clause 25.2.1 is for the benefit of the Agent, the Arranger and
                 each Lender only and shall not limit the right of the Agent and
                 each Lender to bring proceedings against an Obligor in
                 connection with any Financing

                                     - 60 -
<Page>

                 Document in any other court of competent jurisdiction or
                 concurrently in more than one jurisdiction.

        25.2.2   Each Obligor:

                 (i)   waives any objections which it may have to the English
                       courts on the grounds of venue or forum non conveniens or
                       any similar grounds as regards proceedings in connection
                       with any Financing Document; and

                 (ii)  consents to service of process by mail or in any other
                       manner permitted by the relevant law.

25.3    AGENT FOR SERVICE

        Each Borrower which is not a "company" or an "overseas company" within
        the meaning of the Act (an "OVERSEAS BORROWER") shall at all times
        maintain an agent for service of process in England. That agent shall be
        AON UK of 8 Devonshire Square, London EC2M 4PL, Attention: Aon Law
        Division. Any writ, summons, judgment or other notice of legal process
        shall be sufficiently served on each Overseas Borrower if delivered to
        that agent at its address for the time being and marked for the
        attention of Aon Law Division. No Overseas Borrower shall revoke the
        authority of that agent. If for any reason any such agent no longer
        serves as agent of each Overseas Borrower to receive service of process,
        each Overseas Borrower shall promptly appoint another such agent and
        immediately advise the Agent of that appointment. AON UK hereby accepts
        its appointment as agent of each Overseas Borrower to receive service of
        process.

IN WITNESS whereof the Parties have caused this Agreement to be duly executed on
the date set out above.

                                     - 61 -
<Page>

                                   SCHEDULE 1
                                   THE LENDERS

<Table>
<Caption>
LENDER                                                        REVOLVING CREDIT           364 DAY COMMITMENT
                                                              COMMITMENT (EURO)          (EURO)
<S>                                                                   <C>                        <C>
Citibank NA                                                           21,750,000                 21,750,000

The Royal Bank of Scotland plc                                        21,750,000                 21,750,000

Banco Santander Central Hispano S.A.                                  18,500,000                 18,500,000

Bank of New York                                                      18,500,000                 18,500,000

Barclays Bank plc                                                     18,500,000                 18,500,000

Commerzbank Aktiengesellschaft, London Branch                         18,500,000                 18,500,000

ING Bank                                                              18,500,000                 18,500,000

Lloyds TSB Bank plc                                                   18,500,000                 18,500,000

The Hongkong and Shanghai Banking Corporation Limited                 18,500,000                 18,500,000

Banca di Roma S.P.A.                                                  12,000,000                 12,000,000

Bank Brussels Lambert                                                 12,000,000                 12,000,000

Bank ONE, NA                                                          12,000,000                 12,000,000

Natexis Banques Populaires                                            12,000,000                 12,000,000

RBC Finance B.V.                                                      12,000,000                 12,000,000

Standard Chartered Bank                                               12,000,000                 12,000,000

KBC Bank Nederland N.V.                                                5,000,000                  5,000,000
</Table>

                                     - 62 -
<Page>

                                   SCHEDULE 2
                              CONDITIONS PRECEDENT

1       A Certified Copy of the certificate of incorporation (and any relevant
        certificate of incorporation on change of name) and the memorandum and
        articles of association or equivalent constitutional documents of each
        Obligor.

2       A Certified Copy of the board minutes and resolutions or equivalent
        corporate authority documentation in the relevant jurisdiction of each
        Obligor approving and authorising the execution, delivery and
        performance of the Financing Documents, on the terms and conditions of
        the Financing Documents and authorising a person or persons to sign or
        otherwise attest the due execution of the Financing Documents and any
        other documents to be executed or delivered by the relevant Obligor
        pursuant to the Financing Documents together with a certificate of a
        duly authorised officer of the Obligors setting out the names and
        signatures of the persons authorised to sign the Financing Documents on
        behalf of the relevant Obligor.

3       Certified Copies of all consents, licences, approvals or authorisations
        of any governmental or other authority, bureau or agency required by the
        Obligors in connection with the execution, delivery, performance,
        validity or enforceability of the Financing Documents or any document to
        be delivered under the Financing Documents.

4       The Fee Letter duly executed by the Guarantor together with all fees and
        expenses which have then become due and payable.

5       A legal opinion from each of:

        (a)      Linklaters in respect of English law;

        (b)      Freshfields Bruckhaus Deringer LLP (New York) in respect of the
                 laws of the state of Delaware and the federal laws of the
                 United States of America and Richard E. Barry, in house counsel
                 of Aon Corporation in respect of the laws of the State of
                 Illinois;

        (c)      D Porquet, in house counsel of AON France in respect of due
                 execution;

        (d)      S Hamann, in house counsel of AON Deutschland in respect of due
                 execution;

        (e)      T J M Alders-Timmer, in house counsel of AON Holdings and AON
                 Groep in respect of due execution ;

        (f)      Linklaters, Paris in respect of French law (other than due
                 execution);

        (g)      Linklaters, Frankfurt in respect of German law (other than due
                 execution); and

        (h)      Linklaters, Amsterdam in respect of Dutch law (other than due
                 execution).

6       A certificate, dated the date of this Agreement, signed by a duly
        authorised officer of the Guarantor certifying:

        (a)      that since 31 December 2000, no event has occurred which has
                 had, or could be reasonably expected to have a Material Adverse
                 Effect;

        (b)      no action, litigation, arbitration, administrative proceeding
                 or governmental enquiries has been commenced or is pending or
                 to the knowledge of their officers, threatened, against any
                 Group Company or its assets which, if decided adversely

                                     - 63 -
<Page>

                 could reasonably be expected to have a Material Adverse Effect
                 nor is there subsisting any unsatisfied judgment or award in an
                 amount exceeding $25,000,000 given against any of them by any
                 court, arbitrator or other body; and

        (c)      the Debt Rating Level as at that date.

                                     - 64 -
<Page>

                                   SCHEDULE 3
                                 DRAWDOWN NOTICE

To:        The Agent

From:      [BORROWER]

                                                                         *[date]

Dear Sirs,

EURO 500,000,000 CREDIT AGREEMENT DATED [       ] SEPTEMBER 2001 (THE "CREDIT
AGREEMENT")

Terms defined in the Credit Agreement have the same meaning in this notice.

We request an Advance to be drawn down under the Credit Agreement as follows:

1      Facility [if 364 Day Facility also specify if Term Advance]:

2      Amount and currency of Advance:

3      Drawdown Date:

4      Duration of Interest Period/Initial Interest Period in case of Term
       Advance:

5      Payment instructions:
       (if applicable)

We confirm that today and on the Drawdown Date:

(a)    the representations and warranties in Clause 12 (REPRESENTATIONS AND
       WARRANTIES) to be repeated are and will be correct; and

(b)    no Default or Potential Default has occurred and is continuing or will
       occur on the making of the Advance.

SIGNED

For and on behalf of
[BORROWER]
(a company incorporated in [   ] under number [    ])

                                     - 65 -
<Page>

                                   SCHEDULE 4
                               MANDATORY COST RATE

The Mandatory Cost Rate is an addition to the interest rate on an Advance to
compensate the Lenders for the cost attributable to an Advance resulting from
the imposition from time to time under or pursuant to the Bank of England Act
1998 (the "BANK ACT") and/or by the Bank of England and/or the Financial
Services Authority (the "FSA") (or other United Kingdom governmental authorities
or agencies) or European Central Bank of a requirement to place
non-interest-bearing or Special Deposits (whether interest bearing or not) with
the Bank of England and/or pay fees to the FSA calculated by reference to
liabilities used to fund the Advance.

The Mandatory Cost Rate for any Lender lending from a Lending Office in a
Participating Member State will be the percentage notified by that Lender to the
Agent as the cost of complying with the minimum reserve requirements of the
European Central Bank.

The Mandatory Cost Rate shall be the rate determined by the Agent to be equal to
the arithmetic mean (rounded upward, if necessary, to four decimal places) of
the respective rates notified by each Reference Bank to the Agent as the rate
resulting from the application (as appropriate) of the following formulae:

     in relation to an Advance denominated
     in Sterling:                               XL + S(L - D) + F x 0.01
                                                ------------------------
                                                      100 - (X + S)

     in relation to an Advance denominated in
     a currency other than Sterling:                    F x 0.01
                                                        --------
                                                           300

where on the day of application of a formula:

X    is the percentage of Eligible Liabilities (in excess of any stated minimum)
     by reference to which that Reference Bank is required under or pursuant to
     the Bank Act to maintain an interest free cash ratio deposits with the Bank
     of England;

L    is the percentage rate per annum at which Sterling deposits for the
     relevant period are offered by that Reference Bank to leading banks in the
     London interbank market at or about 11.00am on that day;

F    is the rate of charge payable by that Reference Bank to the FSA pursuant to
     paragraph 2.02 or 2.03, as the case may be, of the Fees Regulations (but
     where, for this purpose, the figure at paragraph 2.02b or 2.03b, as the
     case may be, of the Fees Regulations shall be deemed to be zero) and
     expressed in pounds per L1 million of the Fee Base of that Reference Bank;

S    is the level of interest bearing Special Deposits, expressed as a
     percentage of Eligible Liabilities, which that Reference Bank is required
     to maintain by the Bank of England (or other United Kingdom governmental
     authorities or agencies); and

D    is the percentage rate per annum payable by the Bank of England to that
     Reference Bank on Special Deposits.

                                     - 66 -
<Page>

(X, L, S and D shall be expressed in the formula as numbers and not as
percentages. A negative result obtained from subtracting D from L shall be
counted as zero.)

If any Reference Bank fails to notify any such rate to the Agent, the Mandatory
Cost Rate shall be determined on the basis of the rate(s) notified to the Agent
by the remaining Reference Bank(s).

The Mandatory Cost Rate attributable to an Advance or other sum for any period
shall be calculated at or about 11.00 a.m. on the first day of that period for
the duration of that period.

The determination of the Mandatory Cost Rate in relation to any period shall, in
the absence of manifest error, be conclusive and binding on the Parties.

If there is any change in circumstance (including the imposition of alternative
or additional requirements) which in the reasonable opinion of the Agent renders
or will render either of the above formulae (or any element of the formulae, or
any defined term used in the formulae) inappropriate or inapplicable, the Agent
(following consultation with the Borrower and the Majority Lenders) shall be
entitled to vary the same by giving notice to the Parties. Any such variation
shall, in the absence of manifest error, be conclusive and binding on the
Parties and shall apply from the date specified in such notice.

For the purposes of this Schedule:

     "ELIGIBLE LIABILITIES" and "SPECIAL DEPOSITS" have the meanings given to
     those terms under or pursuant to the Bank Act or by the Bank of England (as
     may be appropriate), on the day of the application of the formula.

     "FEE BASE" has the meaning given to that term for the purposes of, and
     shall be calculated in accordance with, the Fees Regulations.

     "FEES REGULATIONS" means, as appropriate, either:

     (a)    the Banking Supervision (Fees) Regulations 2001; or

     (b)    such regulations as from time to time may be in force, relating to
            the payment of fees for banking supervision in respect of periods
            subsequent to 31 March 2002.

                                     - 67 -
<Page>

                                   SCHEDULE 5
                          FORM OF TRANSFER CERTIFICATE

To:    The Agent
       and the other parties to the Credit Agreement (as defined below)

This transfer certificate (the "TRANSFER CERTIFICATE") relates to a credit
agreement dated [   ] September 2001 and made between (1) Aon Corporation as
guarantor, (2) certain subsidiaries of Aon Corporation, (3) certain banks, (4)
Citibank International plc as agent and (5) Salomon Brothers International
Limited as arranger (the "CREDIT AGREEMENT", which term shall include any
amendments or supplements to it).

Terms defined and references construed in the Credit Agreement shall have the
same meanings and construction in this Transfer Certificate.

1    [insert full name of Existing Lender] (the "EXISTING LENDER"):

     (a)  confirms that to the extent that details appear in the schedule to
          this Transfer Certificate under the headings "Existing Lender's
          Commitment" and "Existing Lender's Participation in Advances", those
          details accurately summarise its Commitment and its Participation in
          Advances all or part of which is to be transferred; and

     (b)  requests [insert full name of Lender Transferee] (the "LENDER
          TRANSFEREE") to accept and procure, in accordance with Clause 23
          (ASSIGNMENTS AND TRANSFERS) of the Credit Agreement, the substitution
          of the Existing Lender by the Lender Transferee in respect of the
          amount specified in the schedule to this Transfer Certificate of its
          Commitment and its Participation in Advances by signing this Transfer
          Certificate.

2    The Lender Transferee requests each of the Parties to accept this executed
     Transfer Certificate as being delivered under and for the purposes of
     Clause 23 (ASSIGNMENTS AND TRANSFERS) of the Credit Agreement so as to take
     effect in accordance with the provisions of that Clause on [insert date of
     transfer].

3    The Lender Transferee:

     (a)  [represents and warrants that as at the date of this Transfer
          Certificate through the Lending Office it shall use for Advances to a
          UK Borrower, it is a Qualifying Lender;]

     (b)  confirms that it has received a copy of the Credit Agreement together
          with such other documents and information as it has requested in
          connection with this transaction;

     (c)  confirms that it has not relied and will not rely on the Existing
          Lender to check or enquire on its behalf into the legality, validity,
          effectiveness, adequacy, accuracy or completeness of any such
          documents or information;

                                     - 68 -
<Page>

     (d)  agrees that it has not relied and will not rely on the Arranger, the
          Agent, the Existing Lender or any other Lender to assess or keep under
          review on its behalf the financial condition, creditworthiness,
          condition, affairs, status or nature of the Obligors; and

     (e)  confirms that its Lending Office is in [the United Kingdom].

4    The Lender Transferee undertakes with the Existing Lender and each of the
     other parties to the Credit Agreement that it will perform, in accordance
     with its terms, all those obligations which, by the terms of the Credit
     Agreement, will be assumed by it upon delivery of the executed copy of this
     Transfer Certificate to the Agent.

5    On execution of this Transfer Certificate by the Agent on their behalf, the
     Parties accept the Lender Transferee as a party to the Credit Agreement in
     substitution for the Existing Lender with respect to all those rights
     and/or obligations which, by the terms of the Credit Agreement, will be
     assumed by the Lender Transferee after delivery of the executed copy of
     this Transfer Certificate to the Agent.

6    None of the Existing Lender, the other Lenders and the Agent:

     (a)  makes any representation or warranty or assumes any responsibility
          with respect to the legality, validity, effectiveness, adequacy or
          enforceability of the Credit Agreement; or

     (b)  assumes any responsibility for the financial condition of the Obligors
          or any other party to the Credit Agreement or any other document or
          for the performance and observance by the Obligors or any other party
          to the Credit Agreement or any other document of its or their
          obligations and any and all conditions and warranties, whether express
          or implied by law or otherwise, are excluded.

7    The Lender Transferee confirms that its Lending Office and address for
     notices for the purposes of the Credit Agreement are as set out in the
     schedule to this Transfer Certificate.

8    The Existing Lender gives notice to the Lender Transferee (and the Lender
     Transferee acknowledges and agrees with the Existing Lender) that the
     Existing Lender is under no obligation to re-purchase (or in any other
     manner to assume, undertake or discharge any obligation or liability in
     relation to) the transferred Commitment and Participation at any time after
     this Transfer Certificate shall have taken effect.

9    Following the date upon which this Transfer Certificate shall have taken
     effect, without limiting the terms of this Transfer Certificate, each of
     the Lender Transferee and the Existing Lender acknowledges and confirms to
     the other that, in relation to the relative Commitment and Participation
     (or part thereof), variations, amendments or alterations to any of the
     terms of the Credit Agreement arising in connection with any renegotiation
     or rescheduling of the obligations under the Credit Agreement shall apply
     to and be binding on the Lender Transferee alone.

10   This Transfer Certificate is governed by and shall be construed in
     accordance with English law.

                                     - 69 -
<Page>

                                  THE SCHEDULE

Existing Lender's Commitment                 Amount of Commitment Transferred

Existing Lender's Participation in Advances  Amount of Participation Transferred

[INSERT FULL NAME OF LENDER TRANSFEREE]

Lending Office                               Address for notices

                                             [ADDRESS]

                                             Attention:

                                             Telex:

                                             Answerback:

                                             Fax:
[LENDER TRANSFEREE]

By:
       ---------------------------------
       Duly authorised)

[EXISTING LENDER]

By:
       ---------------------------------
       Duly authorised

The Agent on behalf of itself and all other parties to the Credit Agreement

By:
        ---------------------------------
        Duly authorised

Dated:

                                     - 70 -
<Page>

                                   SCHEDULE 6
                            FORM OF DEED OF ACCESSION

THIS DEED is made this [  ] day of [     ] 200[  ] by [            ] (the "NEW
PARTY") in favour of the other parties to the Credit Agreement (as defined
below).

RECITALS:

(A)  This Deed is supplemental to a credit agreement (the "CREDIT AGREEMENT")
     dated [  ] September 2001 made between (1) Aon Corporation as guarantor,
     (2) certain subsidiaries of Aon Corporation, (3) certain banks, (4)
     Citibank International plc as agent and (5) Salomon Brothers International
     Limited as arranger.

(B)  The New Party wishes to accede to the Credit Agreement as a Borrower.

(C)  It is a term of the Credit Agreement that, in order to accede as a
     Borrower, the New Party must enter into this Deed.

NOW THIS DEED WITNESSES AS FOLLOWS:

1    Terms defined and references construed in the Credit Agreement shall have
     the same meanings and construction in this Deed.

2    The New Party:

     (a)  agrees to be bound by all the terms and conditions of the Credit
          Agreement insofar as they relate to a Borrower as if the New Party was
          a party to the Credit Agreement in such capacity; and

     (b)  represents and warrants to the Agent, the Arranger and the Lenders in
          the terms of Clause 12.1.1 (STATUS) to 12.1.7 (LITIGATION) but such
          representations and warranties shall be given so as to apply, MUTATIS
          MUTANDIS, to the New Party only.

3    The New Party confirms that it has delivered to the Agent the documents
     specified in the Schedule to this Deed.

4    The New Party agrees that it shall accede to the Credit Agreement
     immediately upon the Agent countersigning this Deed.

IN WITNESS whereof the New Party has caused this Deed to be executed on the day
set out above.

                                     - 71 -
<Page>

THE COMMON SEAL of
[               ]
was hereunto affixed in
the presence of:

Director

Director/Secretary

We agree, on behalf of all the parties to the Credit Agreement, that the New
Party shall, from the date of our signature, accede to the Credit Agreement as
if it were a Borrower named therein and a party to the Credit Agreement.

SIGNED

----------------------
for and on behalf of
[               ]
as Agent

Date: [          ]

                                    SCHEDULE

1    A Certified Copy of our memorandum and articles of association or
     equivalent constitutional documents.

2    Certified Copy of the resolution of our Board of Directors approving the
     transactions contemplated by this Deed and authorising the execution of
     this Deed and any other documents contemplated by the Credit Agreement.

3    Certified Copies of all other resolutions, authorisations, approvals,
     consents and licences, corporate, official or otherwise, necessary or
     desirable, to enable us to give effect to the transactions contemplated by
     this Deed and for the validity and enforceability of this Deed.

4    A legal opinion from Messrs. [LEGAL COUNSEL IN JURISDICTION OF
     INCORPORATION OF NEW PARTY]

                                     - 72 -
<Page>

                                   SCHEDULE 7

                               FORM OF TEG LETTER

To:       Aon France S.A.

From:     Citibank International plc as Agent

Dated:    [    ]2001

Dear Sirs

[NAME OF THE BORROWER INCORPORATED IN FRANCE] - MULTICURRENCY REVOLVING LOAN
FACILITY OF EURO 250,000,000 AND 364 DAYS FACILITY OF EURO 250,000,000 DATED [-]
SEPTEMBER 2001 (THE "CREDIT AGREEMENT")

We refer to the Credit Agreement.

Terms defined in the Credit Agreement shall bear the same meaning in this letter
unless otherwise defined in this letter. References to Clauses in this letter
are references to Clauses in the Credit Agreement.

We confirm that:

1    this is the letter referred to in Clause 7.7(TAUX EFFECTIF GLOBAL) of the
     Credit Agreement;

2    you acknowledge that, due to the fact that interest payable under the
     Credit Agreement is to be calculated on a floating rate basis by references
     to LIBOR or EURIBOR for Interest Periods selected by a Borrower, it is not
     possible to compute the effective global rate ("TAUX EFFECTIF GLOBAL") for
     the lifetime of the Facilities; and

3    in order to comply with the provisions of Articles L313-1 and L313-2 of the
     French "CODE DE LA CONSOMMATION", and only as an indication based on the
     assumptions described below, an example of calculation of the effective
     global rate can be given as follows:

     (i)  for an Interest Period of three months and at EURO EURIBOR rate of
          [ ]% per annum, a rate for the Facilities (TAUX DE PERIODE) of [ ]%;

     (ii) for an Interest Period of six months and at L LIBOR rate of [ ]% per
          annum, a rate for the Facilities (TAUX DE PERIODE) of [ ]%

     The above rates are given on an indicative basis and on the basis (a) that
     drawdown for the full amount of the Facilities will be made on - , (b) that
     the EURIBOR/LIBOR rate, expressed as an annual rate, is as fixed on [DATE],
     (c) that repayments occur at contractual maturity and not earlier, (d) that
     no extension option pursuant to clause 8.6 has been exercised, (e) that the
     Debt Rating Level (as defined in Clause 7.2 (MARGIN)) of the Guarantor is
     Level 3, and (f) of the various fees payable by you under the terms of the
     Credit Agreement. Such rates shall not be binding on the Arranger, the
     Agent or a Lender.

We should be grateful if you would confirm your acceptance of the terms of this
letter by signing and returning to us the enclosed copy.

                                     - 73 -
<Page>

This letter is designated a Financing Document.

Yours faithfully.

--------------------------------------
Citibank International plc as Agent

We agree to the above.

--------------------------------------
[AON France S.A.]

                                     - 74 -
<Page>

THE GUARANTOR

SIGNED by          DIANE AIGOTTI

for and on behalf of
AON CORPORATION

THE BORROWERS

SIGNED by          JOHN LAWRENCE HILL

for and on behalf of
AON FINANCE LIMITED

SIGNED by          VINCENT REDIER

for and on behalf of
AON FRANCE S.A.

SIGNED by          M.J. BAL

for and on behalf of
AON GROEP NEDERLAND B.V.

SIGNED by          L.J. LANGENBERG

for and on behalf of
AON HOLDINGS B.V.

SIGNED by          HOLGER GASEROW        AXEL HEITKAMP

for and on behalf of
AON JAUCH & HUBENER HOLDINGS GmbH

                                     - 75 -
<Page>

THE AGENT

SIGNED by          DAVID ZELL

for and on behalf of
CITIBANK INTERNATIONAL plc

THE ARRANGER

SIGNED by          DAVID ZELL

for and on behalf of
SALOMON BROTHERS INTERNATIONAL LIMITED

THE LENDERS

SIGNED by          DAVID ZELL

for and on behalf of
CITIBANK NA

SIGNED by          ANDREW MCMILLAN

for and on behalf of
THE ROYAL BANK OF SCOTLAND PLC

SIGNED by          DOUGLAS URQUHART
                   STEVEN WAHNON

for and on behalf of
BANCO SANTANDER CENTRAL HISPANO S.A.

SIGNED by          DAVID ZELL

for and on behalf of
BANK OF NEW YORK

                                     - 76 -
<Page>

SIGNED by          PAUL JOHNSON

for and on behalf of
BARCLAYS BANK PLC

SIGNED by          DAVID ZELL

for and on behalf of
COMMERZBANK AKTIENGESELLSCHAFT,
LONDON BRANCH

SIGNED by          DAVID ZELL

for and on behalf of
ING BANK

SIGNED by          JAMES HARVEY SMITH

for and on behalf of
LLOYDS TSB BANK PLC

SIGNED by          DAVID ZELL

for and on behalf of
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED

SIGNED by          VINCENT WRIGHT
                   HUGH J. FAGAN

for and on behalf of
BANCA DI ROMA S.P.A.

                                     - 77 -
<Page>

SIGNED by          DAVID ZELL

for and on behalf of
BANK BRUSSELS LAMBERT

SIGNED by          DAVID ZELL

for and on behalf of
BANK ONE, NA

SIGNED by          DAVID ZELL

for and on behalf of
NATEXIS BANQUES POPULAIRES

SIGNED by          DAVID ZELL

for and on behalf of
RBC FINANCE B.V.

SIGNED by          LAURENCE SHERLOCK
                   STEVE WEBB

for and on behalf of
STANDARD CHARTERED BANK

SIGNED by          DAVID ZELL

for and on behalf of
KBC BANK NEDERLAND N.V.

                                     - 78 -

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