Document:

<PAGE>
                                                                  EXECUTION COPY

================================================================================

                                                                     Exhibit 4.1

                           BUILDERS FIRSTSOURCE, INC.

                     AND EACH OF THE GUARANTORS PARTY HERETO

           SECOND PRIORITY SENIOR SECURED FLOATING RATE NOTES DUE 2012

                                   ----------

                                    INDENTURE

                          Dated as of February 11, 2005

                                   ----------

                                   ----------

                            Wilmington Trust Company

                                     Trustee

                                   ----------

================================================================================

<PAGE>

                             CROSS-REFERENCE TABLE*

<TABLE>
<CAPTION>
Trust Indenture
Act Section                                                     Indenture Section
---------------                                                ------------------
<S>                                                            <C>
310(a)(1) ..................................................          7.10
   (a)(2) ..................................................          7.10
   (a)(3) ..................................................          N.A.
   (a)(4) ..................................................          N.A.
   (a)(5) ..................................................          7.10
   (b) .....................................................          7.10
   (c) .....................................................          N.A.
311(a) .....................................................          7.11
   (b) .....................................................          7.11
   (c) .....................................................          N.A.
312(a) .....................................................          2.05
   (b) .....................................................         13.03
   (c) .....................................................         13.03
313(a) .....................................................          7.06
   (b)(1) ..................................................         10.04
   (b)(2) ..................................................       7.06; 7.07
   (c) .....................................................       7.06; 13.02
   (d) .....................................................          7.06
314(a) .....................................................   4.03; 13.02; 13.05
   (b) .....................................................          N.A.
   (c)(1) ..................................................         13.04
   (c)(2) ..................................................         13.04
   (c)(3) ..................................................          N.A.
   (d) .....................................................         10.04
   (e) .....................................................         13.05
   (f) .....................................................          N.A.
315(a) .....................................................          7.01
   (b) .....................................................      7.05; 13.02
   (c) .....................................................          7.01
   (d) .....................................................          7.01
   (e) .....................................................          6.11
316(a) (last sentence) .....................................          2.09
   (a)(1)(A) ...............................................          6.05
   (a)(1)(B) ...............................................          6.04
   (a)(2) ..................................................          N.A.
   (b) .....................................................          6.07
   (c) .....................................................          2.12
317(a)(1) ..................................................          6.08
   (a)(2) ..................................................          6.09
   (b) .....................................................          2.04
318(a) .....................................................         13.01
   (b) .....................................................          N.A.
   (c) .....................................................         13.01
</TABLE>

N.A. means not applicable.

*    This Cross Reference Table is not part of the Indenture.

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                    Page
                                                                                    ----
<S>             <C>                                                                  <C>
                                       ARTICLE 1
                             DEFINITIONS AND INCORPORATION
                                     BY REFERENCE

Section 1.01    Definitions......................................................     1
Section 1.02    Other Definitions................................................    30
Section 1.03    Incorporation by Reference of Trust Indenture Act................    30
Section 1.04    Rules of Construction............................................    31

                                        ARTICLE 2
                                        THE NOTES

Section 2.01    Form and Dating..................................................    31
Section 2.02    Execution and Authentication.....................................    32
Section 2.03    Registrar and Paying Agent.......................................    33
Section 2.04    Paying Agent to Hold Money in Trust..............................    33
Section 2.05    Holder Lists.....................................................    33
Section 2.06    Transfer and Exchange............................................    34
Section 2.07    Replacement Notes................................................    46
Section 2.08    Outstanding Notes................................................    46
Section 2.09    Treasury Notes...................................................    46
Section 2.10    Temporary Notes..................................................    47
Section 2.11    Cancellation.....................................................    47
Section 2.12    Defaulted Interest...............................................    47

                                        ARTICLE 3
                                REDEMPTION AND PREPAYMENT

Section 3.01    Notices to Trustee...............................................    47
Section 3.02    Selection of Notes to Be Redeemed or Purchased...................    48
Section 3.03    Notice of Redemption.............................................    48
Section 3.04    Effect of Notice of Redemption...................................    49
Section 3.05    Deposit of Redemption or Purchase Price..........................    49
Section 3.06    Notes Redeemed or Purchased in Part..............................    49
Section 3.07    Optional Redemption..............................................    50
Section 3.08    Mandatory Redemption.............................................    50
Section 3.09    Offer to Purchase by Application of Excess Proceeds..............    51

                                        ARTICLE 4
                                        COVENANTS

Section 4.01    Payment of Notes.................................................    52
Section 4.02    Maintenance of Office or Agency..................................    53
Section 4.03    Reports..........................................................    53
Section 4.04    Compliance Certificate...........................................    54
Section 4.05    Taxes............................................................    54
Section 4.06    Stay, Extension and Usury Laws...................................    55
Section 4.07    Restricted Payments..............................................    55
Section 4.08    Dividend and Other Payment Restrictions Affecting Subsidiaries...    58
Section 4.09    Incurrence of Indebtedness and Issuance of Preferred Stock.......    59
Section 4.10    Asset Sales......................................................    63
</TABLE>

                                         i

<PAGE>

<TABLE>
<S>             <C>                                                                  <C>
Section 4.11    Transactions with Affiliates.....................................    64
Section 4.12    Liens............................................................    65
Section 4.13    Business Activities..............................................    65
Section 4.14    Corporate Existence..............................................    66
Section 4.15    Offer to Repurchase Upon Change of Control.......................    66
Section 4.16    Limitation on Issuances and Sales of Equity Interests in
                   Wholly-Owned Subsidiaries.....................................    67
Section 4.17    Limitation on Issuances of Guarantees of Indebtedness............    68
Section 4.18    Payments for Consent.............................................    68
Section 4.19    Additional Note Guarantees.......................................    69
Section 4.20    Designation of Restricted and Unrestricted Subsidiaries..........    69

                                        ARTICLE 5
                                        SUCCESSORS

Section 5.01    Merger, Consolidation, or Sale of Assets.........................    69
Section 5.02    Successor Corporation Substituted................................    70

                                        ARTICLE 6
                                  DEFAULTS AND REMEDIES

Section 6.01    Events of Default................................................    71
Section 6.02    Acceleration.....................................................    73
Section 6.03    Other Remedies...................................................    73
Section 6.04    Waiver of Past Defaults..........................................    73
Section 6.05    Control by Majority..............................................    73
Section 6.06    Limitation on Suits..............................................    74
Section 6.07    Rights of Holders of Notes to Receive Payment....................    74
Section 6.08    Collection Suit by Trustee.......................................    74
Section 6.09    Trustee May File Proofs of Claim.................................    74
Section 6.10    Priorities.......................................................    75
Section 6.11    Undertaking for Costs............................................    75

                                        ARTICLE 7
                              TRUSTEE AND COLLATERAL TRUSTEE

Section 7.01    Duties of Trustee................................................    76
Section 7.02    Rights of Trustee................................................    77
Section 7.03    Individual Rights of Trustee.....................................    77
Section 7.04    Trustee's Disclaimer.............................................    77
Section 7.05    Notice of Defaults...............................................    77
Section 7.06    Reports by Trustee to Holders of the Notes.......................    78
Section 7.07    Compensation and Indemnity.......................................    78
Section 7.08    Replacement of Trustee...........................................    79
Section 7.09    Successor Trustee by Merger, etc.................................    80
Section 7.10    Eligibility; Disqualification....................................    80
Section 7.11    Preferential Collection of Claims Against Company................    80
Section 7.12    Appointment......................................................    80

                                        ARTICLE 8
                        LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01    Option to Effect Legal Defeasance or Covenant Defeasance.........    80
Section 8.02    Legal Defeasance and Discharge...................................    80
Section 8.03    Covenant Defeasance..............................................    81
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>             <C>                                                                  <C>
Section 8.04    Conditions to Legal or Covenant Defeasance.......................    81
Section 8.05    Deposited Money and Government Securities to be Held in Trust;
                   Other Miscellaneous Provisions................................    83
Section 8.06    Repayment to Company.............................................    83
Section 8.07    Reinstatement....................................................    83

                                       ARTICLE 9
                            AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01    Without Consent of Holders of Notes..............................    84
Section 9.02    With Consent of Holders of Notes.................................    85
Section 9.03    Compliance with Trust Indenture Act..............................    86
Section 9.04    Revocation and Effect of Consents................................    86
Section 9.05    Notation on or Exchange of Notes.................................    86
Section 9.06    Trustee to Sign Amendments, etc..................................    87

                                       ARTICLE 10
                                COLLATERAL AND SECURITY

Section 10.01   Equal and Ratable Sharing of Collateral by Holders of
                   Parity Lien Debt..............................................    87
Section 10.02   Ranking of Parity Liens..........................................    87
Section 10.03   Relative Rights..................................................    88
Section 10.04   Compliance with Trust Indenture Act..............................    88
Section 10.05   Further Assurances; Insurance....................................    89
Section 10.06   Release of Liens in Respect of Notes.............................    90

                                       ARTICLE 11
                                    NOTE GUARANTEES

Section 11.01   Guarantee........................................................    90
Section 11.02   Limitation on Guarantor Liability................................    91
Section 11.03   Execution and Delivery of Note Guarantee.........................    91
Section 11.04   Guarantors May Consolidate, etc., on Certain Terms...............    92
Section 11.05   Releases.........................................................    92

                                       ARTICLE 12
                               SATISFACTION AND DISCHARGE

Section 12.01   Satisfaction and Discharge.......................................    93
Section 12.02   Application of Trust Money.......................................    94

                                       ARTICLE 13
                                     MISCELLANEOUS

Section 13.01   Trust Indenture Act Controls.....................................    94
Section 13.02   Notices..........................................................    95
Section 13.03   Communication by Holders of Notes with Other Holders of Notes....    96
Section 13.04   Certificate and Opinion as to Conditions Precedent...............    96
Section 13.05   Statements Required in Certificate or Opinion....................    96
Section 13.06   Rules by Trustee and Agents......................................    96
Section 13.07   No Personal Liability of Directors, Officers,
                   Employees and Stockholders....................................    96
Section 13.08   Governing Law....................................................    97
Section 13.09   No Adverse Interpretation of Other Agreements....................    97
Section 13.10   Successors.......................................................    97
Section 13.11   Severability.....................................................    97
Section 13.12   Counterpart Originals............................................    97
Section 13.13   Table of Contents, Headings, etc.................................    97
</TABLE>

                                      iii

<PAGE>

                                    EXHIBITS

<TABLE>
<S>          <C>
Exhibit A1   FORM OF NOTE
Exhibit A2   FORM OF REGULATION S TEMPORARY GLOBAL NOTE
Exhibit B    FORM OF CERTIFICATE OF TRANSFER
Exhibit C    FORM OF CERTIFICATE OF EXCHANGE
Exhibit D    FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
Exhibit E    FORM OF NOTATION OF GUARANTEE
Exhibit F    FORM OF SUPPLEMENTAL INDENTURE
</TABLE>

                                       iv

<PAGE>

     INDENTURE dated as of February 11, 2005 among Builders FirstSource, Inc., a
Delaware corporation, the Guarantors (as defined) and Wilmington Trust Company,
a Delaware banking corporation, as trustee.

     The Company, the Guarantors and the Trustee agree as follows for the
benefit of each other and for the equal and ratable benefit of the Holders (as
defined) of the Second Priority Senior Secured Floating Rate Notes due 2012 (the
"Notes"):

                                   ARTICLE 1
                          DEFINITIONS AND INCORPORATION
                                  BY REFERENCE

Section 1.01 Definitions.

     "144A Global Note" means a Global Note substantially in the form of Exhibit
A1 hereto bearing the Global Note Legend and the Private Placement Legend and
deposited with or on behalf of, and registered in the name of, the Depositary or
its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes sold in reliance on Rule 144A.

     "Acquired Debt" means, with respect to any specified Person:

          (1) Indebtedness of any other Person existing at the time such other
     Person is merged with or into or became a Subsidiary of such specified
     Person, whether or not such Indebtedness is incurred in connection with, or
     in contemplation of, such other Person merging with or into, or becoming a
     Restricted Subsidiary of, such specified Person; and

          (2) Indebtedness secured by a Lien encumbering any asset acquired by
     such specified Person.

     "Additional Notes" means additional Notes (other than the Initial Notes)
issued under this Indenture in accordance with Sections 2.02 and 4.09 hereof, as
part of the same series as the Initial Notes.

     "Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, "control,"
as used with respect to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or
policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise; provided that beneficial ownership of 10% or more of the
Voting Stock of a Person will be deemed to be control. For purposes of this
definition, the terms "controlling," "controlled by" and "under common control
with" have correlative meanings.

     "Agent" means any Registrar, co-registrar, Paying Agent or additional
paying agent.

     "Applicable Premium" means, with respect to any Note on any redemption
date, the greater of:

          (1) 1.0% of the principal amount of the Note; or

          (2) the excess of:

               (a) the present value at such redemption date of (i) the
          redemption price of the Note at February 15, 2007 (such redemption
          price being set forth in the table appearing in Section 3.07 hereof)
          plus (ii) all required interest payments due on the Note through

                                       1

<PAGE>

          February 15, 2007, such interest payments to be determined in
          accordance with this Indenture and the Note assuming that the LIBOR
          Rate in effect on the date of such redemption notice would be the
          applicable LIBOR Rate in effect through February 15, 2007 (excluding
          accrued but unpaid interest to the redemption date), computed using a
          discount rate equal to the Treasury Rate as of such redemption date
          plus 50 basis points; over

               (b) the principal amount of the Note, if greater.

     "Applicable Procedures" means, with respect to any transfer or exchange of
or for beneficial interests in any Global Note, the rules and procedures of the
Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

     "Asset Sale" means:

          (1) the sale, lease, conveyance or other disposition of any assets or
     rights; provided that the sale, lease, conveyance or other disposition of
     all or substantially all of the assets of the Company and its Restricted
     Subsidiaries taken as a whole will be governed by Section 4.15 hereof
     and/or Section 5.01 hereof and not by Section 4.10 hereof; and

          (2) the issuance of Equity Interests in any of the Company's
     Restricted Subsidiaries or the sale of Equity Interests in any of its
     Subsidiaries.

     Notwithstanding the preceding, none of the following items will be deemed
to be an Asset Sale:

          (1) any single transaction or series of related transactions that
     involves assets having an estimated good faith value of, or in the case of
     a lease, aggregate lease payments of, less than $3.0 million;

          (2) a transfer of assets between or among the Company and its
     Restricted Subsidiaries;

          (3) an issuance of Equity Interests by a Restricted Subsidiary of the
     Company to the Company or to a Restricted Subsidiary of the Company;

          (4) the sale or lease of products, services or accounts receivable in
     the ordinary course of business and any sale or other disposition of
     damaged, worn-out or obsolete assets in the ordinary course of business;

          (5) the sale or other disposition of cash or Cash Equivalents;

          (6) a Restricted Payment that does not violate Section 4.07 hereof or
     a Permitted Investment;

          (7) the sale or transfer of (or the sale or transfer of interests in)
     the Company's or any of its Restricted Subsidiaries' accounts receivable
     and related assets pursuant to a receivables facility in a transaction
     permitted hereunder; and

          (8) the deemed sale, transfer or sale-leaseback of the Company's
     facility located in Port St. Lucie, Florida, in connection with the
     construction and subsequent lease of such facility.

                                       2

<PAGE>

     "Attributable Debt" in respect of a sale and leaseback transaction means,
at the time of determination, the present value of the obligation of the lessee
for net rental payments during the remaining term of the lease included in such
sale and leaseback transaction including any period for which such lease has
been extended or may, at the option of the lessor, be extended. Such present
value shall be calculated using a discount rate equal to the rate of interest
implicit in such transaction, determined in accordance with GAAP; provided,
however, that if such sale and leaseback transaction results in a Capital Lease
Obligation, the amount of Indebtedness represented thereby will be determined in
accordance with the definition of "Capital Lease Obligation."

     "Bankruptcy Law" means Title 11, U.S. Code or any similar federal or state
law for the relief of debtors.

     "Beneficial Owner" has the meaning assigned to such term in Rule 13d-3 and
Rule 13d-5 under the Exchange Act, except that in calculating the beneficial
ownership of any particular "person" (as that term is used in Section 13(d)(3)
of the Exchange Act), such "person" will be deemed to have beneficial ownership
of all securities that such "person" has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is
exercisable only after the passage of time. The terms "Beneficially Owns" and
"Beneficially Owned" have a corresponding meaning.

     "Board of Directors" means:

          (1) with respect to a corporation, the board of directors of the
     corporation or any committee thereof duly authorized to act on behalf of
     such board;

          (2) with respect to a partnership, the Board of Directors of the
     general partner of the partnership;

          (3) with respect to a limited liability company, the managing member
     or members or any controlling committee of managing members thereof; and

          (4) with respect to any other Person, the board or committee of such
     Person serving a similar function.

     "Borrowing Base" means the sum of: (1) 80% of the book value of accounts
receivable, and (2) 65% of the book value of inventory, in each case of the
Company and its Restricted Subsidiaries on a consolidated basis in accordance
with GAAP as of the end of the Company's most recently ended fiscal quarter for
which financial statements are available.

     "Broker-Dealer" has the meaning set forth in the Registration Rights
Agreement.

     "Business Day" means any day other than a Legal Holiday.

     "Capital Lease Obligation" means, at the time any determination is to be
made, the amount of the liability in respect of a capital lease that would at
that time be required to be capitalized on a balance sheet prepared in
accordance with GAAP, and the Stated Maturity thereof shall be the date of the
last payment of rent or any other amount due under such lease prior to the first
date upon which such lease may be prepaid by the lessee without payment of a
penalty.

     "Capital Stock" means:

          (1) in the case of a corporation, corporate stock;

                                       3

<PAGE>

          (2) in the case of an association or business entity, any and all
     shares, interests, participations, rights or other equivalents (however
     designated) of corporate stock;

          (3) in the case of a partnership or limited liability company,
     partnership interests (whether general or limited) or membership interests;
     and

          (4) any other interest or participation that confers on a Person the
     right to receive a share of the profits and losses of, or distributions of
     assets of, the issuing Person,

     but excluding from all of the foregoing any debt securities convertible
     into Capital Stock, whether or not such debt securities include any right
     of participation with Capital Stock.

     "Cash Equivalents" means:

          (1) United States dollars;

          (2) securities issued or directly and fully guaranteed or insured by
     the United States government or any agency or instrumentality of the United
     States government (provided that the full faith and credit of the United
     States is pledged in support of those securities) having maturities of not
     more than six months from the date of acquisition;

          (3) certificates of deposit and eurodollar time deposits with
     maturities of six months or less from the date of acquisition, bankers'
     acceptances with maturities not exceeding six months and overnight bank
     deposits, in each case, with any lender party to the Credit Agreement or
     with any domestic commercial bank having capital and surplus in excess of
     $500.0 million and a Thomson Bank Watch Rating of "B" or better;

          (4) repurchase obligations with a term of not more than seven days for
     underlying securities of the types described in clauses (2) and (3) above
     entered into with any financial institution meeting the qualifications
     specified in clause (3) above;

          (5) commercial paper having one of the two highest ratings obtainable
     from Moody's or S&P and, in each case, maturing within six months after the
     date of acquisition; and

          (6) money market funds at least 95% of the assets of which constitute
     Cash Equivalents of the kinds described in clauses (1) through (5) of this
     definition.

     "Casualty Event" means any taking under power of eminent domain or similar
proceeding and any insured loss, in each case relating to property or other
assets that constituted Collateral and resulting in Net Proceeds of at least
$1.0 million.

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

          (1) the direct or indirect sale, lease, transfer, conveyance or other
     disposition (other than by way of merger or consolidation), in one or a
     series of related transactions, of all or substantially all of the
     properties or assets of the Company and its Subsidiaries taken as a whole
     to any "person" (as that term is used in Section 13(d) of the Exchange Act)
     other than a Principal or a Related Party of a Principal;

          (2) the adoption of a plan relating to the liquidation or dissolution
     of the Company;

                                       4

<PAGE>

          (3) the consummation of any transaction (including, without
     limitation, any merger or consolidation), the result of which is that any
     "person" (as defined above), other than the Principal and their Related
     Parties, becomes the Beneficial Owner, directly or indirectly, of more than
     50% of the Voting Stock of the Company, measured by voting power rather
     than number of shares; or

          (4) after an Initial Public Offering, during any period of two
     consecutive years, individuals who at the beginning of such period
     constituted the Board of Directors of the Company (together with any new
     directors whose election to such Board of Directors or whose nomination for
     election was approved by a vote of a majority of the members of the Board
     of Directors of the Company, which members comprising such majority are
     then still in office and were either directors at the beginning of such
     period or whose election or nomination for election was previously so
     approved) cease for any reason to constitute a majority of the Board of
     Directors of the Company, as applicable.

     "Class" means (1) in the case of Parity Lien Debt, every Series of Parity
Lien Debt, taken together, and (2) in the case of Priority Lien Debt, every
Series of Priority Lien Debt, taken together.

     "Clearstream" means Clearstream Banking, S.A.

     "Collateral" means all properties and assets at any time owned or acquired
by the Company or any of the other Pledgors, except:

          (1) Excluded Assets;

          (2) any properties and assets in which the Collateral Trustee is
     required to release its Liens pursuant to the Collateral Trust Agreement;
     and

          (3) any properties and assets that no longer secure the Notes or any
     Obligations in respect thereof pursuant to the Collateral Trust Agreement,

     provided that, in the case of clauses (2) and (3), if such Liens are
required to be released as a result of the sale, transfer or other disposition
of any properties or assets of the Company or any other Pledgor, such assets or
properties will cease to be excluded from the Collateral if the Company or any
other Pledgor thereafter acquires or reacquires such assets or properties.

     "Collateral Trust Agreement" means the collateral trust agreement, dated as
of the date of this Indenture, among the Collateral Trustee, the Administrative
Agent under the Credit Agreement and the Trustee, and substantially in the form
attached as Exhibit H hereto as such agreement may be amended, modified or
supplemented from time to time.

     "Collateral Trustee" means each of UBS AG, Stamford Branch, in its capacity
as collateral trustee for the benefit of the holders of the Priority Lien
Obligations and UBS AG, Stamford Branch in its capacity as collateral trustee
for the holders of the Parity Lien Obligations, unless the context specifies
only one of the foregoing capacities, together with successors in such
capacities; provided, however, that the Collateral Trustee may act as the
collateral trustee, collateral agent or any similar title that the Collateral
Trustee deems necessary or convenient for the purpose of perfecting the Priority
Liens and the Parity Liens in the Collateral.

     "Common Collateral" means Collateral that secures each Series of Secured
Debt of the same Class.

                                       5

<PAGE>

     "Company" means Builders FirstSource, Inc. and any and all successors
thereto.

     "Consolidated Cash Flow" means, with respect to any specified Person for
any period, the Consolidated Net Income of such Person for such period plus,
without duplication:

          (1) an amount equal to any extraordinary loss plus any net loss
     realized by such Person or any of its Restricted Subsidiaries in connection
     with an Asset Sale, to the extent such losses were deducted in computing
     such Consolidated Net Income; plus

          (2) provision for taxes based on income or profits of such Person and
     its Restricted Subsidiaries for such period, to the extent that such
     provision for taxes was deducted in computing such Consolidated Net Income;
     plus

          (3) the Fixed Charges of such Person and its Restricted Subsidiaries
     for such period, to the extent that such Fixed Charges were deducted in
     computing such Consolidated Net Income; plus

          (4) all non-recurring gains and losses and all restructuring charges;
     plus

          (5) depreciation, amortization (including amortization of intangibles
     but excluding amortization of prepaid cash expenses that were paid in a
     prior period) and other non-cash expenses (excluding any such non-cash
     expense to the extent that it represents an accrual of or reserve for cash
     expenses in any future period or amortization of a prepaid cash expense
     that was paid in a prior period) of such Person and its Restricted
     Subsidiaries for such period to the extent that such depreciation,
     amortization and other non-cash expenses were deducted in computing such
     Consolidated Net Income; minus

          (6) non-cash items increasing such Consolidated Net Income for such
     period, other than the accrual of revenue in the ordinary course of
     business;

     in each case, on a consolidated basis and determined in accordance with
     GAAP.

     "Consolidated Net Income" means, with respect to any specified Person for
any period, the aggregate of the Net Income of such Person and its Restricted
Subsidiaries for such period, on a consolidated basis, determined in accordance
with GAAP; provided that:

          (1) the Net Income (or loss) of any Person that is not a Restricted
     Subsidiary or that is accounted for by the equity method of accounting will
     be included only to the extent of the amount of dividends or similar
     distributions paid in cash to the specified Person or a Restricted
     Subsidiary of the Person;

          (2) the Net Income of any Restricted Subsidiary will be excluded to
     the extent that the declaration or payment of dividends or similar
     distributions by that Restricted Subsidiary of that Net Income is not at
     the date of determination permitted without any prior governmental approval
     (that has not been obtained) or, directly or indirectly, by operation of
     the terms of its charter or any agreement, instrument, judgment, decree,
     order, statute, rule or governmental regulation applicable to that
     Restricted Subsidiary or its stockholders;

          (3) the cumulative effect of a change in accounting principles will be
     excluded;

                                       6

<PAGE>

          (4) the fees, costs, and expenses paid or payable during such period
     in cash by the Company or any of its Subsidiaries in connection with the
     Transactions (including, without limitation, payments to option holders in
     connection with the Transactions) will be excluded;

          (5) the non-cash interest expense in respect of Attributable Debt
     related to the deemed sale, transfer or sale-leaseback of the Company's
     facility located in Port St. Lucie, Florida, in connection with the
     construction and subsequent lease of such facility will be excluded; and

          (6) notwithstanding clause (1) above, the Net Income of any
     Unrestricted Subsidiary will be excluded, whether or not distributed to the
     specified Person or one of its Subsidiaries.

     "Corporate Trust Office of the Trustee" will be at the address of the
Trustee specified in Section 13.02 hereof or such other address as to which the
Trustee may give notice to the Company.

     "Credit Agreement" means that certain Credit Agreement, to be dated as of
the date of this Indenture, by and among the Company, the Restricted
Subsidiaries named therein, UBS AG, Stamford Branch, as administrative agent and
collateral trustee and the lenders who are signatories thereto, providing for up
to $350.0 million of revolving credit, term loan and letters of credit
borrowings, including any related notes, Guarantees, collateral documents,
instruments and agreements executed in connection therewith, and, in each case,
as amended, restated, modified, renewed, refunded, replaced (whether upon or
after termination or otherwise) or refinanced (including by means of sales of
debt securities to institutional investors) in whole or in part from time to
time, whether in one or more agreements.

     "Credit Agreement Agent" means, at any time, the Person serving at such
time as the "Agent" or "Administrative Agent" under the Credit Agreement or any
other representative then most recently designated in accordance with the
applicable provisions of the Credit Agreement, together with its successors in
such capacity.

     "Credit Facilities" means, one or more debt facilities (including, without
limitation, the Credit Agreement) or commercial paper facilities, in each case,
with banks or other lenders providing for revolving credit loans, term loans,
receivables financing (including through the sale of receivables to such lenders
or to special purpose entities formed to borrow from such lenders against such
receivables) or letters of credit, in each case, as amended, restated, modified,
renewed, refunded, replaced (whether upon or after termination or otherwise) or
refinanced (including by means of sales of debt securities to institutional
investors) in whole or in part from time to time, whether in one or more
agreements.

     "Custodian" means the Trustee, as custodian with respect to the Notes in
global form, or any successor entity thereto.

     "Default" means any event that is, or with the passage of time or the
giving of notice or both would be, an Event of Default.

     "Definitive Note" means a certificated Note registered in the name of the
Holder thereof and issued in accordance with Section 2.06 hereof, substantially
in the form of Exhibit A1 hereto except that such Note shall not bear the Global
Note Legend and shall not have the "Schedule of Exchanges of Interests in the
Global Note" attached thereto.

     "Depositary" means, with respect to the Notes issuable or issued in whole
or in part in global form, the Person specified in Section 2.03 hereof as the
Depositary with respect to the Notes, and any and

                                       7

<PAGE>

all successors thereto appointed as depositary hereunder and having become such
pursuant to the applicable provision of this Indenture.

     "Disqualified Stock" means any Capital Stock that, by its terms (or by the
terms of any security into which it is convertible, or for which it is
exchangeable, in each case, at the option of the holder of the Capital Stock),
or upon the happening of any event, matures or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, or redeemable at the option
of the holder of the Capital Stock, in whole or in part, on or prior to the date
that is 91 days after the date on which the Notes mature. Notwithstanding the
preceding sentence, any Capital Stock that would constitute Disqualified Stock
solely because the holders of the Capital Stock have the right to require the
Company to repurchase such Capital Stock upon the occurrence of a change of
control or an asset sale will not constitute Disqualified Stock if the terms of
such Capital Stock provide that the Company may not repurchase or redeem any
such Capital Stock pursuant to such provisions unless such repurchase or
redemption complies with Section 4.07 hereof. The amount of Disqualified Stock
deemed to be outstanding at any time for purposes of this Indenture will be the
maximum amount that the Company and its Restricted Subsidiaries may become
obligated to pay upon the maturity of, or pursuant to any mandatory redemption
provisions of, such Disqualified Stock, exclusive of accrued dividends.

     "Domestic Restricted Subsidiary" means any Restricted Subsidiary of the
Company that was formed under the laws of the United States or any state of the
United States or the District of Columbia or that guarantees or otherwise
provides direct credit support for any Indebtedness of the Company.

     "equally and ratably" means, in reference to sharing of Liens or proceeds
thereof as between holders of Secured Obligations within the same Class, that
such Liens or proceeds:

          (1) will be allocated and distributed first to the Secured Debt
     Representative for each outstanding Series of Secured Debt within that
     Class, for the account of the holders of such Series of Secured Debt,
     ratably in proportion to the principal of, and interest and premium (if
     any), reimbursement obligations (contingent or otherwise) with respect to
     letters of credit, if any, outstanding (whether or not drawings have been
     made under such letters of credit) and Hedging Obligations on each
     outstanding Series of Secured Debt within that Class when the allocation or
     distribution is made, and thereafter

          (2) will be allocated and distributed (if any remain after payment in
     full of all of the principal of, and interest and premium (if any) and
     reimbursement obligations (contingent or otherwise) with respect to letters
     of credit, if any, outstanding (whether or not drawings have been made on
     such letters of credit) on all outstanding Secured Obligations within that
     Class) to the Secured Debt Representative for each outstanding Series of
     Secured Obligations within that Class, for the account of the holders of
     any remaining Secured Obligations within that Class, ratably in proportion
     to the aggregate unpaid amount of such remaining Secured Obligations within
     that Class due and demanded (with written notice to the applicable Secured
     Debt Representative and the Collateral Trustee) prior to the date such
     distribution is made.

     "Equity Interests" means Capital Stock and all warrants, options or other
rights to acquire Capital Stock (but excluding any debt security that is
convertible into, or exchangeable for, Capital Stock).

     "Equity Offering" means an offer and sale of Capital Stock (other than
Disqualified Stock) of the Company.

     "Euroclear" means Euroclear Bank, S.A./N.V., as operator of the Euroclear
system.

                                       8

<PAGE>

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "Exchange Notes" means the Notes issued in the Exchange Offer pursuant to
Section 2.06(f) hereof.

     "Exchange Offer" has the meaning set forth in the Registration Rights
Agreement.

     "Exchange Offer Registration Statement" has the meaning set forth in the
Registration Rights Agreement.

     "Excluded Assets" means each of the following:

          (1) any lease, license, contract, property right or agreement to which
     the Company or any other Pledgor is a party or any of its rights or
     interests thereunder if and only for so long as the grant of a Lien under
     the Security Documents will constitute or result in a breach, termination
     or default under any such lease, license, contract, property right or
     agreement or would result in a violation of applicable law (other than to
     the extent that any such term would be rendered ineffective pursuant to
     Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code of any
     relevant jurisdiction or any other applicable law or principles of equity);
     provided that such lease, license, contract, property right or agreement
     will be an Excluded Asset only to the extent and for so long as the
     consequences specified above will result and will cease to be an Excluded
     Asset and will become subject to the Lien granted under the Security
     Documents, immediately and automatically, at such time as such consequences
     will no longer result;

          (2) real property owned by the Company or any other Pledgor that has a
     Fair Market Value not exceeding $3.0 million determined on the date of this
     Indenture or the date such property is acquired, as applicable, or any real
     property subject to an existing mortgage or leased by the Company or any
     other Pledgor;

          (3) all "securities" of any of the Company's "affiliates" (as the
     terms "securities" and "affiliates" are used in Rule 3-16 of Regulation S-X
     under the Securities Act);

          (4) any other property or asset in which a Lien cannot be perfected by
     the filing of a financing statement under the Uniform Commercial Code of
     the relevant jurisdiction, so long as the estimated good faith market value
     of such property and asset does not exceed $1.0 million individually or
     $10.0 million in the aggregate for all property and assets excluded under
     this clause (4);

          (5) equipment that is subject to a Lien securing a purchase money
     obligation or Capital Lease Obligation incurred in accordance with Section
     4.09 hereof if the contract or other agreement in which such Lien is
     granted (or the documentation providing for such purchase money obligation
     or Capital Lease Obligation) validly prohibits the creation of any other
     Lien on such equipment;

          (6) Equity Interests of a Subsidiary that is organized under the laws
     of a jurisdiction other than the United States or any state thereof or the
     District of Columbia constituting 34% of the total voting power of all
     outstanding voting stock of such Subsidiary, provided that any such Equity
     Interests constituting "stock entitled to vote" within the meaning of
     Treasury Regulation Section 1.956 2(c)(2) shall be treated as voting stock
     for purposes of this paragraph; and

                                       9

<PAGE>

          (7) deposit accounts with, in the aggregate, up to $10.0 million in
     cash and Cash Equivalents.

     "Existing Disqualified Stock" means any Disqualified Stock in existence on
the date of this Indenture.

     "Existing Indebtedness" means Indebtedness of the Company and its
Subsidiaries (other than Indebtedness under the Credit Agreement) in existence
on the date of this Indenture, until such amounts are repaid.

     "Fair Market Value" means the value that would be paid by a willing buyer
to an unaffiliated willing seller in a transaction not involving distress or
necessity of either party, determined in good faith by the Board of Directors of
the Company (unless otherwise provided in this Indenture).

     "Fixed Charge Coverage Ratio" means with respect to any specified Person
for any period, the ratio of the Consolidated Cash Flow of such Person for such
period to the Fixed Charges of such Person for such period. In the event that
the specified Person or any of its Restricted Subsidiaries incurs, assumes,
guarantees, repays, repurchases, redeems, defeases or otherwise discharges any
Indebtedness (other than ordinary working capital borrowings and issuances of
letters of credit) or issues, repurchases or redeems preferred stock subsequent
to the commencement of the period for which the Fixed Charge Coverage Ratio is
being calculated and on or prior to the date on which the event for which the
calculation of the Fixed Charge Coverage Ratio is made (the "Calculation Date"),
then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect
to such incurrence, assumption, Guarantee, repayment, repurchase, redemption,
defeasance or other discharge of Indebtedness, or such issuance, repurchase or
redemption of preferred stock, and the use of the proceeds therefrom, as if the
same had occurred at the beginning of the applicable four full fiscal quarter
reference period.

     In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

          (1) acquisitions that have been made by the specified Person or any of
     its Restricted Subsidiaries, including through mergers or consolidations,
     or any Person or any of its Restricted Subsidiaries acquired by the
     specified Person or any of its Restricted Subsidiaries, and including any
     related financing transactions and including increases in ownership of
     Restricted Subsidiaries, during the four full fiscal quarter reference
     period or subsequent to such reference period and on or prior to the
     Calculation Date will be given pro forma effect (in accordance with
     Regulation S-X under the Securities Act) as if they had occurred on the
     first day of the four full fiscal quarter reference period;

          (2) the Consolidated Cash Flow attributable to discontinued
     operations, as determined in accordance with GAAP, and operations or
     businesses (and ownership interests therein) disposed of prior to the
     Calculation Date, will be excluded;

          (3) the Fixed Charges attributable to discontinued operations, as
     determined in accordance with GAAP, and operations or businesses (and
     ownership interests therein) disposed of prior to the Calculation Date,
     will be excluded, but only to the extent that the obligations giving rise
     to such Fixed Charges will not be obligations of the specified Person or
     any of its Restricted Subsidiaries following the Calculation Date;

          (4) any Person that is a Restricted Subsidiary on the Calculation Date
     will be deemed to have been a Restricted Subsidiary at all times during
     such four full fiscal quarter period;

                                       10

<PAGE>

          (5) any Person that is not a Restricted Subsidiary on the Calculation
     Date will be deemed not to have been a Restricted Subsidiary at any time
     during such four full fiscal quarter period; and

          (6) if any Indebtedness bears a floating rate of interest, the
     interest expense on such Indebtedness will be calculated as if the rate in
     effect on the Calculation Date had been the applicable rate for the entire
     period (taking into account any Hedging Obligation applicable to such
     Indebtedness).

     "Fixed Charges" means, with respect to any specified Person for any period,
the sum, without duplication, of:

          (1) the consolidated interest expense of such Person and its
     Restricted Subsidiaries for such period, whether paid or accrued,
     including, without limitation, amortization of original issue discount,
     non-cash interest payments, the interest component of any deferred payment
     obligations, the interest component of all payments associated with Capital
     Lease Obligations, commissions, discounts and other fees and charges
     incurred in respect of letter of credit or bankers' acceptance financings,
     and net of the effect of all payments made or received pursuant to Hedging
     Obligations in respect of interest rates, excluding the amortization of
     deferred financing costs; plus

          (2) the consolidated interest expense of such Person and its
     Restricted Subsidiaries that was capitalized during such period; plus

          (3) any interest on Indebtedness of another Person that is guaranteed
     by such Person or one of its Restricted Subsidiaries or secured by a Lien
     on assets of such Person or one of its Restricted Subsidiaries, whether or
     not such Guarantee or Lien is called upon; plus

          (4) the product of (a) all dividends, whether paid or accrued and
     whether or not in cash, on any series of preferred stock of such Person or
     any of its Restricted Subsidiaries, other than dividends on Equity
     Interests payable solely in Equity Interests of the Company (other than
     Disqualified Stock) or to the Company or a Restricted Subsidiary of the
     Company, times (b) a fraction, the numerator of which is one and the
     denominator of which is one minus the then current combined federal, state
     and local statutory tax rate of such Person, expressed as a decimal, in
     each case, determined on a consolidated basis in accordance with GAAP.

     "GAAP" means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board or in such other statements by such
other entity as have been approved by a significant segment of the accounting
profession, which are in effect on the date of this Indenture.

     "Global Note Legend" means the legend set forth in Section 2.06(g)(2)
hereof, which is required to be placed on all Global Notes issued under this
Indenture.

     "Global Notes" means, individually and collectively, each of the Restricted
Global Notes and the Unrestricted Global Notes deposited with or on behalf of
and registered in the name of the Depository or its nominee, substantially in
the form of Exhibit A1 hereto and that bears the Global Note Legend and that has
the "Schedule of Exchanges of Interests in the Global Note" attached thereto,
issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(2) or
2.06(f) hereof.

                                       11

<PAGE>

     "Government Securities" means securities that are:

          (1) direct obligations of the United States of America for the timely
     payment of which its full faith and credit is pledged, or

          (2) obligations of a Person controlled or supervised by and acting as
     an agency or instrumentality of the United States of America the timely
     payment of which is unconditionally guaranteed as a full faith and credit
     obligation by the United States of America,

which, in either case, are not callable or redeemable at the option of the
issuers thereof, and shall also include a depository receipt issued by a bank
(as defined in Section 3(a)(2) of the Securities Act), as custodian with respect
to any such Government Securities or a specific payment of principal of or
interest on any such Government Securities held by such custodian for the
account of the holder of such depository receipt; provided that (except as
required by law) such custodian is not authorized to make any deduction from the
amount payable to the holder of such depository receipt from any amount received
by the custodian in respect of the Government Securities or the specific payment
of principal of or interest on the Government Securities evidenced by such
depository receipt.

     "Guarantee" means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or
indirect, in any manner including, without limitation, by way of a pledge of
assets or through letters of credit or reimbursement agreements in respect
thereof, of all or any part of any Indebtedness (whether arising by virtue of
partnership arrangements, or by agreements to keep-well, to purchase assets,
goods, securities or services, to take or pay or to maintain financial statement
conditions or otherwise).

     "Guarantors" means each of:

          (1) Builders FirstSource - Northeast Group, LLC; Builders FirstSource
     - Texas Genpar, LLC; Builders FirstSource - MBS, LLC; Builders FirstSource
     - Texas Group, L.P.; BFS Texas, LLC; Builders FirstSource - South Texas,
     L.P.; Builders FirstSource - Texas Installed Sales, L.P.; BFS IP, LLC;
     Builders FirstSource - Intellectual Property, L.P.; Builders FirstSource
     Holdings, Inc.; Builders FirstSource - Dallas, LLC; Builders FirstSource -
     Florida, LLC; Builders FirstSource - Florida Design Center, LLC; Builders
     FirstSource - Ohio Valley, LLC; BFS, LLC, Builders FirstSource - Atlantic
     Group, LLC; Builders FirstSource of Nashville, Inc.; Builders FirstSource -
     Southeast Group, LLC; Builders FirstSource - SNC, LLC; CCWP, Inc.; Builders
     FirstSource - Raleigh, LLC; Builders FirstSource - Colorado Group, LLC;
     Builders FirstSource Colorado, LLC; Builders FirstSource Financing, Inc.;
     and

          (2) any other Subsidiary of the Company that executes a Note Guarantee
     in accordance with the provisions of this Indenture,

and their respective successors and assigns, in each case, until the Note
Guarantee of such Person has been released in accordance with the provisions of
this Indenture.

     "Hedging Obligations" means, with respect to any specified Person, the
obligations of such Person under:

          (1) interest rate swap agreements (whether from fixed to floating or
     from floating to fixed), interest rate cap agreements and interest rate
     collar agreements;

                                       12

<PAGE>

          (2) other agreements or arrangements designed to manage interest rates
     or interest rate risk; and

          (3) other agreements or arrangements designed to protect such Person
     against fluctuations in currency exchange rates or commodity prices,

in each case, in reasonable relation to the business of the Company and the
Restricted Subsidiaries, and not for speculative purposes.

     "Holder" means a Person in whose name a Note is registered.

     "IAI Global Note" means a Global Note substantially in the form of Exhibit
A1 hereto bearing the Global Note Legend and the Private Placement Legend and
deposited with or on behalf of and registered in the name of the Depositary or
its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes sold to Institutional Accredited Investors.

     "Immaterial Subsidiary" means, as of any date, any Restricted Subsidiary
whose total assets, as of that date, are less than $500,000 and whose total
revenues for the most recent twelve-month period do not exceed $500,000;
provided that a Restricted Subsidiary will not be considered to be an Immaterial
Subsidiary if it, directly or indirectly, guarantees or otherwise provides
direct credit support for any Indebtedness of the Company.

     "Indebtedness" means, with respect to any specified Person, any
indebtedness of such Person (excluding accrued expenses and trade payables),
whether or not contingent:

          (1) in respect of borrowed money;

          (2) evidenced by bonds, Notes, debentures or similar instruments or
     letters of credit (or reimbursement agreements in respect thereof);

          (3) in respect of banker's acceptances and letters of credit;

          (4) representing Capital Lease Obligations;

          (5) representing the balance deferred and unpaid of the purchase price
     of any property or services due more than twelve months after such property
     is acquired or such services are completed; or

          (6) representing any Hedging Obligations,

if and to the extent any of the preceding items (other than letters of credit
and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term
"Indebtedness" includes all Indebtedness of others secured by a Lien on any
asset of the specified Person (whether or not such Indebtedness is assumed by
the specified Person) and, to the extent not otherwise included, the Guarantee
by the specified Person of any Indebtedness of any other Person.

     "Indenture" means this Indenture, as amended or supplemented from time to
time.

     "Indirect Participant" means a Person who holds a beneficial interest in a
Global Note through a Participant.

                                       13

<PAGE>

     "Initial Notes" means the first $275 million aggregate principal amount of
Notes issued under this Indenture on the date hereof.

     "Initial Public Offering" means an offer and sale of Capital Stock (other
than Disqualified Stock) of the Company pursuant to a registration statement on
Form S-1 that has been declared effective by the SEC pursuant to the Securities
Act.

     "Initial Purchasers" means UBS Securities LLC and Deutsche Bank Securities
Inc.

     "insolvency or liquidation proceeding" means:

          (1) any case commenced by or against the Company or any other Pledgor
     under Title 11, U.S. Code or any similar federal or state law for the
     relief of debtors, any other proceeding for the reorganization,
     recapitalization or adjustment or marshalling of the assets or liabilities
     of the Company or any other Pledgor, any receivership or assignment for the
     benefit of creditors relating to the Company or any other Pledgor or any
     similar case or proceeding relative to the Company or any other Pledgor or
     its creditors, as such, in each case whether or not voluntary;

          (2) any liquidation, dissolution, marshalling of assets or liabilities
     or other winding up of or relating to the Company or any other Pledgor, in
     each case whether or not voluntary and whether or not involving bankruptcy
     or insolvency; or

          (3) any other proceeding of any type or nature in which substantially
     all claims of creditors of the Company or any other Pledgor are determined
     and any payment or distribution is or may be made on account of such
     claims.

     "Institutional Accredited Investor" means an institution that is an
"accredited investor" as defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act, who are not also QIBs.

     "Investments" means, with respect to any Person, all direct or indirect
investments by such Person in other Persons (including Affiliates) in the forms
of loans (including Guarantees or other obligations), advances or capital
contributions (excluding commission, travel and similar advances to officers and
employees made in the ordinary course of business), purchases or other
acquisitions for consideration of Indebtedness, Equity Interests or other
securities, together with all items that are or would be classified as
investments on a balance sheet prepared in accordance with GAAP. If the Company
or any Restricted Subsidiary of the Company sells or otherwise disposes of any
Equity Interests of any direct or indirect Subsidiary of the Company such that,
after giving effect to any such sale or disposition, such Person is no longer a
Subsidiary of the Company, the Company will be deemed to have made an Investment
on the date of any such sale or disposition equal to the Fair Market Value of
the Company's Investments in such Subsidiary that were not sold or disposed of
in an amount determined as provided in the final paragraph of Section 4.07
hereof. The acquisition by the Company or any Restricted Subsidiary of the
Company of a Person that holds an Investment in a third Person will be deemed to
be an Investment by the Company or such Restricted Subsidiary in such third
Person in an amount equal to the Fair Market Value of the Investments held by
the acquired Person in such third Person in an amount determined as provided in
the final paragraph of the Section 4.07 hereof. Except as otherwise provided in
this Indenture, the amount of an Investment will be determined at the time the
Investment is made and without giving effect to subsequent changes in value.

     "Legal Holiday" means a Saturday, a Sunday or a day on which banking
institutions in the City of New York or at a place of payment are required by
law, regulation or executive order to remain closed. If a payment date is a
Legal Holiday at a place of payment, payment may be made at that place on the

                                       14

<PAGE>

next succeeding day that is not a Legal Holiday, and no interest shall accrue on
such payment for the intervening period.

     "Letter of Transmittal" means the letter of transmittal to be prepared by
the Company and sent to all Holders of the Notes for use by such Holders in
connection with the Exchange Offer.

     "LIBOR Rate" means, for each quarterly period during which any Note is
outstanding subsequent to the initial quarterly period, the rate determined by
the Company (notice of such rate to be sent to the trustee by the Company on the
date of determination thereof) equal to the applicable British Bankers'
Association LIBOR rate for deposits in U.S. dollars for a period of three months
as reported by any generally recognized financial information service as of
11:00 a.m. (London time) two Business Days prior to the first day of such
quarterly period; provided that, if no such British Bankers' Association LIBOR
rate is available to the Company, the LIBOR Rate for the relevant quarterly
period shall instead be the rate at which UBS Securities LLC or one of its
affiliate banks offers to place deposits in U.S. dollars with first-class banks
in the London interbank market for a period of three months at approximately
11:00 a.m. (London time) two Business Days prior to the first day of such
quarterly period, in amounts equal to $1.0 million. Notwithstanding the
foregoing, the LIBOR Rate for the initial quarterly period shall be 2.77%.

     "Lien" means, with respect to any asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such asset,
whether or not filed, recorded or otherwise perfected under applicable law,
including any conditional sale or other title retention agreement, any lease in
the nature thereof, any option or other agreement to sell or give a security
interest in and any filing of or agreement to give any financing statement under
the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

     "Lien Sharing and Priority Confirmation" means:

          (1) as to any Series of Parity Lien Debt, the written agreement of the
     holders of such Series of Parity Lien Debt or their representative, as set
     forth in this Indenture, credit agreement or other agreement governing such
     Series of Parity Lien Debt, for the enforceable benefit of all holders of
     each existing and future Series of Priority Lien Debt, each existing and
     future Priority Lien Representative and each existing and future holder of
     Permitted Prior Liens:

               (a) that all Parity Lien Obligations will be and are secured
          equally and ratably by all Parity Liens at any time granted by the
          Company or any other Pledgor to secure any Obligations in respect of
          such Series of Parity Lien Debt, upon property constituting Common
          Collateral for such Series of Parity Lien Debt and each existing and
          future Series of Parity Lien Debt, and that all such Parity Liens will
          be enforceable by the Collateral Trustee for the benefit of all
          holders of Parity Lien Obligations equally and ratably;

               (b) that the holders of Obligations in respect of such Series of
          Parity Lien Debt are bound by the provisions of the Collateral Trust
          Agreement, including the provisions relating to the ranking of Parity
          Liens and the order of application of proceeds from the enforcement of
          Parity Liens; and

               (c) consenting to and directing the Collateral Trustee to perform
          its obligations under the Collateral Trust Agreement and the Security
          Documents; and

                                       15

<PAGE>

          (2) as to any Series of Priority Lien Debt, the written agreement of
     the holders of such Series of Priority Lien Debt or their representative,
     as set forth in the credit agreement or other agreement governing such
     Series of Priority Lien Debt, for the enforceable benefit of all holders of
     each existing and future Series of Parity Lien Debt, each existing and
     future Parity Lien Representative and each existing and future holder of
     Permitted Prior Liens:

               (a) that all Priority Lien Obligations will be and are secured
          equally and ratably by all Priority Liens at any time granted by the
          Company or any other Pledgor to secure any Obligations in respect of
          such Series of Priority Lien Debt, upon property constituting Common
          Collateral for such Series of Priority Lien Debt and each existing and
          future Series of Priority Lien Debt, and that all Priority Liens with
          respect to such Priority Lien Debt will be enforceable by the
          Collateral Trustee for the benefit of all holders of Priority Lien
          Obligations;

               (b) that the holders of Obligations in respect of such Series of
          Priority Lien Debt are bound by the provisions of the Collateral Trust
          Agreement, including the provisions relating to the ranking of
          Priority Liens and the order of application of proceeds from
          enforcement of Priority Liens; and

               (c) consenting to and directing the Collateral Trustee to perform
          its obligations under the Collateral Trust Agreement and the Security
          Documents.

     "Liquidated Damages" means all liquidated damages then owing pursuant to
the Registration Rights Agreement.

     "Moody's" means Moody's Investors Service, Inc.

     "Mortgage" means the Mortgage dated as of the date of this Indenture and
substantially in the form attached as Exhibit J hereto, as such agreement may be
amended, modified or supplemented from time to time.

     "Net Income" means, with respect to any specified Person, the net income
(loss) of such Person, determined in accordance with GAAP and before any
reduction in respect of preferred stock dividends, excluding, however:

          (1) any gain (loss), together with any related provision for taxes on
     such gain (loss), realized in connection with: (a) any Asset Sale; or (b)
     the disposition of any securities by such Person or any of its Restricted
     Subsidiaries or the extinguishment of any Indebtedness of such Person or
     any of its Restricted Subsidiaries; and

          (2) any extraordinary gain (loss), together with any related provision
     for taxes on such extraordinary gain (loss).

     "Net Proceeds" means the aggregate cash proceeds received by the Company or
any of its Restricted Subsidiaries in respect of any Casualty Event or Asset
Sale (including, without limitation, any cash received upon the sale or other
disposition of any non-cash consideration received in any Asset Sale), net of
the direct costs relating to such Asset Sale, including, without limitation,
legal, accounting and investment banking fees, sales commissions, any relocation
expenses incurred as a result of the Asset Sale, any repayment of Indebtedness
that was permitted to be secured by the assets sold or lost in such Asset Sale
or Casualty Event, any taxes paid or payable as a result of the Asset Sale, in
each case, after taking into account any available tax credits or deductions and
any tax sharing arrangements, and any

                                       16

<PAGE>

reserve for adjustment in respect of the sale price of such asset or assets
established in accordance with GAAP.

     "Non-Recourse Debt" means Indebtedness:

          (1) as to which neither the Company nor any of its Restricted
     Subsidiaries (a) provides credit support of any kind (including any
     undertaking, agreement or instrument that would constitute Indebtedness),
     (b) is directly or indirectly liable as a guarantor or otherwise, or (c)
     constitutes the lender;

          (2) no default with respect to which (including any rights that the
     holders of the Indebtedness may have to take enforcement action against an
     Unrestricted Subsidiary) would permit upon notice, lapse of time or both
     any holder of any other Indebtedness of the Company or any of its
     Restricted Subsidiaries to declare a default on such other Indebtedness or
     cause the payment of the Indebtedness to be accelerated or payable prior to
     its Stated Maturity; and

          (3) as to which the lenders have been notified in writing that they
     will not have any recourse to the stock or assets of the Company or any of
     its Restricted Subsidiaries.

     "Non-U.S. Person" means a Person who is not a U.S. Person.

     "Note Documents" means this Indenture, the Notes, the Collateral Trust
Agreement and the Security Documents.

     "Note Guarantee" means the Guarantee by each Guarantor of the Company's
obligations under this Indenture and the Notes, executed pursuant to the
provisions of this Indenture.

     "Notes" has the meaning assigned to it in the preamble to this Indenture.
The Initial Notes and the Additional Notes shall be treated as a single class
for all purposes under this Indenture, and unless the context otherwise
requires, all references to the Notes shall include the Initial Notes and any
Additional Notes.

     "Obligations" means any principal (including reimbursement obligations with
respect to letters of credit whether or not drawn), interest (including, to the
extent legally permitted, all interest accrued thereon after the commencement of
any insolvency or liquidation proceeding at the rate, including any applicable
post-default rate, even if such interest is not enforceable, allowable or
allowed as a claim in such proceeding), premium (if any), fees,
indemnifications, reimbursements, expenses and other liabilities payable under
the documentation governing any Indebtedness.

     "Offering Memorandum" means the Company's Offering Memorandum, dated as of
February 8, 2005, with respect to the Notes and the Note Guarantees.

     "Officer" means, with respect to any Person, the Chairman of the Board, the
Chief Executive Officer, the President, the Chief Operating Officer, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the
Secretary, any Assistant Secretary or any Vice-President of such Person.

     "Officers' Certificate" means a certificate signed on behalf of the Company
by two Officers of the Company, one of whom must be the principal executive
officer, the principal financial officer, the treasurer or the principal
accounting officer of the Company, that meets the requirements of Section 13.05
hereof.

                                       17

<PAGE>

     "Opinion of Counsel" means an opinion from legal counsel who is reasonably
acceptable to the Trustee, that meets the requirements of Section 13.05 hereof.
The counsel may be an employee of or counsel to the Company, any Subsidiary of
the Company or the Trustee.

     "Parity Lien" means a Lien granted by a Security Document to the Collateral
Trustee, at any time, upon any property of the Company or any other Pledgor to
secure Parity Lien Obligations.

     "Parity Lien Debt" means:

          (1) the Notes issued on the date of this Indenture (including any
     related Exchange Notes); and

          (2) any other Indebtedness of the Company (including Additional Notes)
     that is secured equally and ratably with the Notes by a Parity Lien that
     was permitted to be incurred and so secured under each applicable Secured
     Debt Document; provided that:

               (a) the net proceeds are used to refund, refinance, replace,
          defease, discharge or otherwise acquire or retire Priority Lien Debt
          or other Parity Lien Debt; or

               (b) on the date of incurrence of such Indebtedness, after giving
          pro forma effect to the incurrence thereof and the application of the
          proceeds therefrom, the Secured Leverage Ratio would not be greater
          than 4.0 to 1.0;

provided, further, in the case of any Indebtedness referred to in clause (2) of
this definition:

               (a) on or before the date on which such Indebtedness is incurred
          by the Company, such Indebtedness is designated by the Company, in an
          Officers' Certificate delivered to each Parity Lien Representative and
          the Collateral Trustee, as "Parity Lien Debt" for the purposes of this
          Indenture and the Collateral Trust Agreement; provided that no Series
          of Secured Debt may be designated as both Parity Lien Debt and
          Priority Lien Debt;

               (b) such Indebtedness is governed by an indenture, credit
          agreement or other agreement that includes a Lien Sharing and Priority
          Confirmation and the Company delivers an Officers' Certificate to each
          Parity Lien Representative and the Collateral Trustee confirming same;
          and

               (c) all requirements set forth in the Collateral Trust Agreement
          as to the confirmation, grant or perfection of the Collateral
          Trustee's Liens to secure such Indebtedness or Obligations in respect
          thereof are satisfied (and the satisfaction of such requirements and
          the other provisions of this clause (c) will be conclusively
          established if the Company delivers to the Collateral Trustee an
          Officers' Certificate stating that such requirements and other
          provisions have been satisfied and that such Indebtedness is "Parity
          Lien Debt").

     "Parity Lien Documents" means, collectively, the Note Documents and this
Indenture, credit agreement or other agreement governing each other Series of
Parity Lien Debt and the Security Documents securing the Parity Lien
Obligations.

     "Parity Lien Obligations" means Parity Lien Debt and all other Obligations
in respect thereof.

                                       18

<PAGE>

     "Parity Lien Representative" means:

          (1) in the case of the Notes, the Trustee; or

          (2) in the case of any other Series of Parity Debt, the trustee, agent
     or representative of the holders of such Series of Parity Lien Debt who
     maintains the transfer register for such Series of Parity Lien Debt and (a)
     is appointed as a Parity Lien Representative (for purposes related to the
     administration of the Security Documents) pursuant to this Indenture,
     credit agreement or other agreement governing such Series of Parity Lien
     Debt, together with its successors in such capacity, and (b) has become a
     party to the Collateral Trust Agreement by executing a joinder in the form
     required under the Collateral Trust Agreement.

     "Participant" means, with respect to the Depositary, Euroclear or
Clearstream, a Person who has an account with the Depositary, Euroclear or
Clearstream, respectively (and, with respect to DTC, shall include Euroclear and
Clearstream).

     "Permitted Business" means the distribution, installation and manufacture
of building products and the provision of professional installation, turn-key
framing, shell construction, design and similar construction-related services
associated with such products.

     "Permitted Investments" means:

          (1) any Investment in the Company or in a Restricted Subsidiary of the
     Company that is a Guarantor;

          (2) any Investment in Cash Equivalents;

          (3) any Investment by the Company or any Restricted Subsidiary of the
     Company in a Person, if as a result of such Investment:

               (a) such Person becomes a Restricted Subsidiary of the Company
          and a Guarantor; or

               (b) such Person is merged, consolidated or amalgamated with or
          into, or transfers or conveys substantially all of its assets to, or
          is liquidated into, the Company or a Restricted Subsidiary of the
          Company that is a Guarantor;

          (4) any Investment made as a result of the receipt of non-cash
     consideration from an Asset Sale that was made pursuant to and in
     compliance with Section 4.10 hereof.

          (5) any acquisition of assets or Equity Interests to the extent
     acquired in exchange for the issuance of Equity Interests (other than
     Disqualified Stock) of the Company;

          (6) any Investments received in compromise or resolution of (a)
     obligations of trade creditors or customers that were incurred in the
     ordinary course of business of the Company or any of its Restricted
     Subsidiaries, including pursuant to any plan of reorganization or similar
     arrangement upon the bankruptcy or insolvency of any trade creditor or
     customer; or (b) litigation, arbitration or other disputes with Persons who
     are not Affiliates;

          (7) Investments represented by Hedging Obligations;

                                       19

<PAGE>

          (8) loans or advances to employees made in the ordinary course of
     business of the Company or any Restricted Subsidiary of the Company in an
     aggregate principal amount not to exceed $3.0 million at any one time
     outstanding;

          (9) to the extent constituting an Investment, repurchases of the Notes
     and other Parity Lien Debt;

          (10) advances to customers in the ordinary course of business that are
     recorded as accounts receivable on the consolidated balance sheet of such
     Person;

          (11) payroll, travel and similar advances to cover matters that are
     expected at the time of the advances ultimately to be treated as expenses
     for accounting purposes and than are made in the ordinary course of
     business;

          (12) receivables owing to the Company or any Restricted Subsidiary of
     the Company if created or acquired in the ordinary course of business and
     payable or dischargeable in accordance with customary trade terms;
     provided, however, that such trade terms may include such concessionary
     trade terms as the Company or the Restricted Subsidiary deems reasonable
     under the circumstances;

          (13) Investments consisting of prepaid expenses, negotiable
     instruments held for collection and lease, utility and workers
     compensation, performance and similar deposits entered into as a result of
     the operations of the business in the ordinary course of business;

          (14) Investments in joint ventures in a Permitted Business having an
     aggregate Fair Market Value (measured on the date such Investment was made
     and without giving effect to subsequent changes in value) when taken
     together with all other Permitted Investments made since the date of the
     Indenture pursuant to this clause (14) that are at the time outstanding not
     to exceed an amount equal to (a) $25.0 million, minus (b) the aggregate
     amount of Permitted Investments outstanding pursuant to clause (15) below
     in excess of $25.0 million; and

          (15) other Investments in any Person having an aggregate Fair Market
     Value (measured on the date each such Investment was made and without
     giving effect to subsequent changes in value), when taken together with all
     other Investments made since the date of this Indenture pursuant to this
     clause (15) that are at the time outstanding not to exceed an amount equal
     to the greater of (a) $25.0 million and (b) 3.0% of Total Assets.

     With respect to Permitted Investments made pursuant to clauses (14) and
(15) above, the Fair Market Value of any such Permitted Investment made in cash
or Cash Equivalents shall be deemed to equal the amount of cash, or the
principal or notional amount of Cash Equivalents, paid or contributed in respect
of such Permitted Investment.

     "Permitted Liens" means:

          (1) Liens held by the Collateral Trustee securing (a) Priority Lien
     Debt in an aggregate principal amount not exceeding the Priority Lien Cap
     and (b) all related Priority Lien Obligations;

          (2) Liens held by the Collateral Trustee equally and ratably securing
     the Notes to be issued on the date of this Indenture and all future Parity
     Lien Debt and other Parity Lien Obligations;

                                       20

<PAGE>

          (3) Liens in favor of the Company or the Guarantors;

          (4) Liens on property of a Person existing at the time such Person is
     merged with or into or consolidated with the Company or any Subsidiary of
     the Company; provided that such Liens were in existence prior to the
     contemplation of such merger or consolidation and do not extend to any
     assets other than those of the Person merged into or consolidated with the
     Company or the Subsidiary;

          (5) Liens on property (including Capital Stock) existing at the time
     of acquisition of the property by the Company or any Subsidiary of the
     Company; provided that such Liens were in existence prior to, such
     acquisition, and not incurred in contemplation of, such acquisition;

          (6) Liens to secure the performance of statutory obligations, surety
     or appeal bonds, performance bonds or other obligations of a like nature
     incurred in the ordinary course of business;

          (7) Liens to secure Indebtedness (including Capital Lease Obligations)
     permitted by Section 4.09(b)(4) hereof covering only the assets acquired
     with or financed by such Indebtedness and replacements thereof and
     accessions thereto;

          (8) Liens existing on the date of this Indenture;

          (9) Liens for taxes, assessments or governmental charges or claims
     that are not yet delinquent or that are being contested in good faith by
     appropriate proceedings promptly instituted and diligently concluded;
     provided that any reserve or other appropriate provision as is required in
     conformity with GAAP has been made therefor;

          (10) Liens imposed by law, such as rights of set-off, carriers',
     warehousemen's, landlord's and mechanics' Liens, in each case, incurred in
     the ordinary course of business;

          (11) survey exceptions, easements or reservations of, or rights of
     others for, licenses, rights-of-way, sewers, electric lines, telegraph and
     telephone lines and other similar purposes, or zoning or other restrictions
     as to the use of real property that were not incurred in connection with
     Indebtedness and that do not in the aggregate materially adversely affect
     the operation of the business of the Company and its Restricted
     Subsidiaries, taken as a whole;

          (12) Liens created for the benefit of (or to secure) the Notes (or the
     Note Guarantees);

          (13) Liens to secure any Permitted Refinancing Indebtedness permitted
     to be incurred under this Indenture; provided, however, that:

               (a) the new Lien shall be limited to all or part of the same
          property and assets that secured or, under the written agreements
          pursuant to which the original Lien arose, could secure the original
          Lien (plus improvements and accessions to, such property or proceeds
          or distributions thereof); and

               (b) the Indebtedness secured by the new Lien is not increased to
          any amount greater than the sum of (x) the outstanding principal
          amount, or, if greater, committed amount, of the Permitted Refinancing
          Indebtedness and (y) an amount necessary to pay any fees and expenses,
          including premiums, related to such renewal, refunding, refinancing,
          replacement, defeasance or discharge;

                                       21

<PAGE>

          (14) Liens incurred or pledges or deposits made in the ordinary course
     of business in connection with workers' compensation, unemployment
     insurance, other social security benefits or other insurance related
     obligations (including, but not limited to, in respect of deductibles,
     self-insured retention amounts and premiums and adjustments thereto);

          (15) Liens arising out of judgments, decrees, orders or awards in
     respect of which adequate reserves have been made in conformity with GAAP,
     and the Company shall in good faith be prosecuting an appeal or proceedings
     for review which appeal or proceedings shall not have been finally
     terminated, or if the period within which such appeal or proceedings may be
     initiated shall not have expired, in each case, to the extent that the
     amount of such judgments or awards do not constitute an Event of Default;

          (16) deposits or pledges in connection with bids, leases and contracts
     (other than contracts for the payment of money) entered into in the
     ordinary course of business;

          (17) Liens securing or by reason of a receivables facility or other
     contractual requirements of a receivables facility incurred pursuant to
     Section 4.09(b)(1)(ii) hereof;

          (18) Liens securing Indebtedness entered into in accordance with
     Section 4.09(b)(14) hereof; and

          (19) Liens incurred in the ordinary course of business of the Company
     or any Subsidiary of the Company with respect to obligations that do not
     exceed $20.0 million at any one time outstanding.

     "Permitted Payments to Sponsor" means, without duplication as to amounts:

          (1) payments to any Principal for reimbursements of reasonable
     accounting, legal and other expenses paid or incurred by such person on
     behalf of the Company or in connection with such person's Investment in the
     Company's shares when due, in an aggregate amount not to exceed $750,000
     per annum; and

          (2) for so long as the Company is a member of a group filing a
     consolidated or combined tax return with JLL Building Products, LLC,
     payments to JLL Building Products, LLC in respect of an allocable portion
     of the tax liabilities of such group that is attributable to the Company
     and its Subsidiaries ("Tax Payments") and to pay franchise or similar taxes
     and fees of JLL Building Products, LLC required to maintain its legal
     existence. The Tax Payments shall not exceed the lesser of (i) the amount
     of the relevant tax (including any penalties and interest) that the Company
     would owe if the Company were filing a separate tax return (or a separate
     consolidated or combined return with its Subsidiaries that are members of
     the consolidated or combined group), taking into account any carryovers and
     carrybacks of tax attributes (such as net operating losses) of the Company
     and such Subsidiaries from other taxable years and (ii) the net amount of
     the relevant tax that JLL Building Products, LLC actually owes to the
     appropriate taxing authority. Any Tax Payments received from the Company
     shall be paid over to the appropriate taxing authority within 60 days of
     JLL Building Products, LLC's receipt of such Tax Payments or refunded to
     the Company.

     "Permitted Prior Liens" means, regardless of whether this Indenture is in
effect at any time of determination:

                                       22

<PAGE>

          (1) Liens described in clauses (1), (4), (5), (6), (7) or (8) of the
     definition of "Permitted Liens"; and

          (2) Permitted Liens that arise by operation of law and are not
     voluntarily granted, to the extent entitled by law to priority over the
     Liens created by the Security Documents.

     "Permitted Refinancing Indebtedness" means any Indebtedness of the Company
or any of its Restricted Subsidiaries issued in exchange for, or the net
proceeds of which are used to renew, refund, refinance, replace, defease or
discharge other Indebtedness of the Company or any of its Restricted
Subsidiaries (other than intercompany Indebtedness); provided that:

          (1) the principal amount (or accreted value, if applicable) of such
     Permitted Refinancing Indebtedness does not exceed the principal amount (or
     accreted value, if applicable) of the Indebtedness renewed, refunded,
     refinanced, replaced, defeased or discharged (plus all accrued interest on
     the Indebtedness and the amount of all fees and expenses, including
     premiums, incurred in connection therewith);

          (2) such Permitted Refinancing Indebtedness has a final maturity date
     later than the final maturity date of, and has a Weighted Average Life to
     Maturity equal to or greater than the Weighted Average Life to Maturity of,
     the Indebtedness being renewed, refunded, refinanced, replaced, defeased or
     discharged;

          (3) if the Indebtedness being renewed, refunded, refinanced, replaced,
     defeased or discharged is subordinated in right of payment to the Notes,
     such Permitted Refinancing Indebtedness has a final maturity date later
     than the final maturity date of, and is subordinated in right of payment
     to, the Notes on terms at least as favorable to the Holders of Notes as
     those contained in the documentation governing the Indebtedness being
     renewed, refunded, refinanced, replaced, defeased or discharged; and

          (4) such Indebtedness is incurred either by the Company or by the
     Restricted Subsidiary who is the obligor on the Indebtedness being renewed,
     refunded, refinanced, replaced, defeased or discharged.

     "Person" means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization, limited
liability company or government or other entity.

     "Pledge Agreement" means the Pledge Agreement dated as of the date of this
Indenture and substantially in the form attached as Exhibit G hereto, as such
agreement may be amended, modified or supplemented from time to time.

     "Pledge and Security Agreement" means the Pledge and Security Agreement
dated as of the date of this Indenture and substantially in the form attached as
Exhibit I hereto, as such agreement may be amended, modified or supplemented
from time to time.

     "Pledgors" means the Company, the Guarantors, until completion of the
Initial Public Offering, JLL Building Products, LLC, and any other Person (if
any) that provides collateral security for any Secured Debt Obligations.

     "Principal" means JLL Building Products, LLC, a Delaware limited liability
company, JLL Partners, Inc., a Delaware corporation, and their respective
Affiliates.

                                       23

<PAGE>

     "Priority Lien" means a Lien granted by a Security Document to the
Collateral Trustee, at any time, upon any property of the Company or any other
Pledgor to secure Priority Lien Obligations.

     "Priority Lien Cap" means, as of any date, the principal amount outstanding
under the Credit Agreement and/or the Indebtedness outstanding under any other
Credit Facility, in an aggregate principal amount not to exceed the sum of the
amount provided by clause (1) of the definition of Permitted Debt, as of such
date, plus the amount provided by clause (16) of the definition of Permitted
Debt, plus the amount of Priority Lien Debt incurred after the date of this
Indenture the net proceeds of which are used to repay Parity Lien Debt, less the
amount of Parity Lien Debt incurred after the date of this Indenture the net
proceeds of which are used to repay Priority Lien Debt. For purposes of this
definition, all letters of credit will be valued at the face amount thereof,
whether or not drawn and all Hedging Obligations will be valued at zero.

     "Priority Lien Debt" means:

          (1) Indebtedness of the Company under the Credit Agreement (including,
     without limitation, revolving loans and letters of credit) that was
     permitted to be incurred and secured under each applicable Secured Debt
     Document (or as to which the lenders under the Credit Agreement obtained an
     Officers' Certificate at the time of incurrence to the effect that such
     Indebtedness was permitted to be incurred and secured by all applicable
     Secured Debt Documents);

          (2) Indebtedness of the Company under any other Credit Facility that
     is secured equally and ratably with the Credit Agreement by a Priority Lien
     that was permitted to be incurred and so secured under each applicable
     Secured Debt Document; provided, in the case of any Indebtedness referred
     to in this clause (2), that:

               (a) on or before the date on which such Indebtedness is incurred
          by the Company, such Indebtedness is designated by the Company, in an
          Officers' Certificate delivered to each Priority Lien Representative
          and the Collateral Trustee, as "Priority Lien Debt" for the purposes
          of the Secured Debt Documents; provided that no Series of Secured Debt
          may be designated as both Parity Lien Debt and Priority Lien Debt;

               (b) such Indebtedness is governed by a credit agreement or other
          agreement that includes a Lien Sharing and Priority Confirmation; and

               (c) all requirements set forth in the Collateral Trust Agreement
          as to the confirmation, grant or perfection of the Collateral
          Trustee's Lien to secure such Indebtedness or Obligations in respect
          thereof are satisfied (and the satisfaction of such requirements and
          the other provisions of this clause (c) will be conclusively
          established if the Company delivers to the Collateral Trustee an
          Officers' Certificate stating that such requirements and other
          provisions have been satisfied and that such Indebtedness is "Priority
          Lien Debt"); and

          (3) Hedging Obligations of the Company incurred to hedge or manage
     interest rate risk with respect to any Priority Lien Debt or Parity Lien
     Debt; provided, that:

               (a) such Hedging Obligations are secured by a Priority Lien on
          all of the assets and properties that secure the Indebtedness in
          respect of which such Hedging Obligations are incurred; and

                                       24

<PAGE>

               (b) such Priority Lien is senior to or on a parity with the
          Priority Liens securing the Indebtedness in respect of which such
          Hedging Obligations are incurred.

     "Priority Lien Documents" means the Credit Agreement and any other Credit
Facility pursuant to which any Priority Lien Debt is incurred, the Collateral
Trust Agreement and the Security Documents securing the Priority Lien
Obligations.

     "Priority Lien Obligations" means the Priority Lien Debt and all other
Obligations in respect of Priority Lien Debt.

     "Priority Lien Representative" means (1) the Credit Agreement Agent or (2)
in the case of any other Series of Priority Lien Debt, the trustee, agent or
representative of the holders of such Series of Priority Lien Debt who maintains
the transfer register (if any) for such Series of Priority Lien Debt and is
appointed as a representative of the Priority Debt (for purposes related to the
administration of the Security Documents) pursuant to the credit agreement or
other agreement governing such Series of Priority Lien Debt.

     "Private Placement Legend" means the legend set forth in Section 2.06(g)(1)
hereof to be placed on all Notes issued under this Indenture except where
otherwise permitted by the provisions of this Indenture.

     "QIB" means a "qualified institutional buyer" as defined in Rule 144A.

     "Registration Rights Agreement" means the Registration Rights Agreement,
dated as of February 11, 2005, among the Company, the Guarantors and the other
parties named on the signature pages thereof, as such agreement may be amended,
modified or supplemented from time to time and, with respect to any Additional
Notes, one or more registration rights agreements among the Company, the
Guarantors and the other parties thereto, as such agreement(s) may be amended,
modified or supplemented from time to time, relating to rights given by the
Company to the purchasers of Additional Notes to register such Additional Notes
under the Securities Act.

     "Regulation S" means Regulation S promulgated under the Securities Act.

     "Regulation S Global Note" means a Regulation S Temporary Global Note or
Regulation S Permanent Global Note, as appropriate.

     "Regulation S Permanent Global Note" means a permanent Global Note in the
form of Exhibit A1 hereto bearing the Global Note Legend and the Private
Placement Legend and deposited with or on behalf of and registered in the name
of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Regulation S Temporary Global Note upon
expiration of the Restricted Period.

     "Regulation S Temporary Global Note" means a temporary Global Note in the
form of Exhibit A2 hereto deposited with or on behalf of and registered in the
name of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Notes initially sold in reliance on Rule 903
of Regulation S.

     "Related Party" means:

          (1) any controlling stockholder, 80% (or more) owned Subsidiary, or
     immediate family member (in the case of an individual) of any Principal; or

                                       25

<PAGE>

          (2) any trust, corporation, partnership, limited liability company or
     other entity, the beneficiaries, stockholders, partners, members, owners or
     Persons beneficially holding an 80% or more controlling interest of which
     consist of any one or more Principals and/or such other Persons referred to
     in the immediately preceding clause (1).

     "Required Parity Lien Debtholders" means, at any time, the holders of more
than 50% of the sum of:

          (1) the aggregate outstanding principal amount of Parity Lien Debt
     (including outstanding letters of credit whether or not then available or
     drawn); and

          (2) other than in connection with the exercise of remedies, the
     aggregate unfunded commitments to extend credit which, when funded, would
     constitute Parity Lien Debt.

For purposes of this definition, (a) Parity Lien Debt registered in the name of,
or beneficially owned by, the Company or any Affiliate of the Company will be
deemed not to be outstanding, and (b) votes will be determined in accordance
with the Collateral Trust Agreement.

     "Responsible Officer," when used with respect to the Trustee, means any
officer within the Corporate Trust Administration of the Trustee (or any
successor group of the Trustee) or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter,
any other officer to whom such matter is referred because of his knowledge of
and familiarity with the particular subject.

     "Restricted Definitive Note" means a Definitive Note bearing the Private
Placement Legend.

     "Restricted Global Note" means a Global Note bearing the Private Placement
Legend.

     "Restricted Investment" means an Investment other than a Permitted
Investment.

     "Restricted Period" means the 40-day distribution compliance period as
defined in Regulation S.

     "Restricted Subsidiary" of a Person means any Subsidiary of the referent
Person that is not an Unrestricted Subsidiary.

     "Rule 144" means Rule 144 promulgated under the Securities Act.

     "Rule 144A" means Rule 144A promulgated under the Securities Act.

     "Rule 903" means Rule 903 promulgated under the Securities Act.

     "Rule 904" means Rule 904 promulgated under the Securities Act.

     "S&P" means Standard & Poor's Ratings Group.

     "Sale of Collateral" means any Asset Sale involving a sale or other
disposition of Collateral.

     "SEC" means the Securities and Exchange Commission.

     "Secured Debt" means Parity Lien Debt and Priority Lien Debt.

     "Secured Debt Documents" means the Parity Lien Documents and the Priority
Lien Documents.

                                       26

<PAGE>

     "Secured Debt Representative" means each Parity Lien Representative and
each Priority Lien Representative.

     "Secured Leverage Ratio" means, on any date, the ratio of:

          (1) the aggregate principal amount of Secured Debt outstanding on such
     date plus all Indebtedness of Restricted Subsidiaries of the Company that
     are not Guarantors outstanding on such date (and, for this purpose, letters
     of credit will be deemed to have a principal amount equal to the face
     amount thereof, whether or not drawn), to:

          (2) the aggregate amount of the Company's Consolidated Cash Flow for
     the most recent four full fiscal quarter period for which financial
     information is available.

In addition, for purposes of calculating the Secured Leverage Ratio:

          (1) acquisitions that have been made by the specified Person or any of
     its Restricted Subsidiaries, including through mergers or consolidations or
     acquisitions of assets, or any Person or any of its Restricted Subsidiaries
     acquired by merger, consolidation or the acquisition of all or
     substantially all of its assets by the specified Person or any of its
     Restricted Subsidiaries, and including any related financing transactions
     and including increases in ownership of Restricted Subsidiaries, during
     such four full fiscal quarter reference period or subsequent to such
     reference period and on or prior to the date on which the event for which
     the calculation of the Secured Leverage Ratio is made (the "Leverage
     Calculation Date") will be given pro forma effect in accordance with
     Regulation S-X under the Securities Act) as if they had occurred on the
     first day of such four full fiscal quarter reference period;

          (2) the Consolidated Cash Flow attributable to discontinued
     operations, as determined in accordance with GAAP, and operations or
     businesses (and ownership interests therein) disposed of prior to the
     Leverage Calculation Date will be excluded;

          (3) any Person that is a Restricted Subsidiary on the Leverage
     Calculation Date will be deemed to have been a Restricted Subsidiary at all
     times during such four full fiscal quarter period; and

          (4) any Person that is not a Restricted Subsidiary on the Leverage
     Calculation Date will be deemed not to have been a Restricted Subsidiary at
     any time during such four full fiscal quarter period.

     "Secured Obligations" means Parity Lien Obligations and Priority Lien
Obligations.

     "Securities Act" means the Securities Act of 1933, as amended.

     "Security Documents" means each Lien Sharing and Priority Confirmation, and
all security agreements, pledge agreements (including, without limitation, the
Pledge Agreement), collateral assignments, mortgages and deeds of trust
(including, without limitation, the Mortgage), collateral agency agreements,
control agreements or other grants or transfers for security executed and
delivered by the Company or any other Pledgor creating (or purporting to create)
a Lien upon Collateral in favor of the Collateral Trustee, for the benefit of
the holders of the Parity Lien Obligations or the Priority Lien Obligations, as
applicable, in each case, as amended, modified, renewed, restated or replaced,
in whole or in part, from time to time, in accordance with its terms of the
Collateral Trust Agreement.

                                       27

<PAGE>

     "Series of Parity Lien Debt" means, severally, the Notes and each other
issue or series of Parity Lien Debt for which a single transfer register is
maintained.

     "Series of Priority Lien Debt" means, severally, the Indebtedness
(including, without limitation, revolving loans and letters of credit)
outstanding under the Credit Agreement and any other Credit Facility that
constitutes Priority Lien Debt.

     "Series of Secured Debt" means each Series of Parity Lien Debt and each
Series of Priority Lien Debt.

     "Shelf Registration Statement" means the Shelf Registration Statement as
defined in the Registration Rights Agreement.

     "Significant Subsidiary" means any Subsidiary that would be a "significant
subsidiary" as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated
pursuant to the Securities Act, as such Regulation is in effect on the date of
this Indenture.

     "Stated Maturity" means, with respect to any installment of interest or
principal on any series of Indebtedness, the date on which the payment of
interest or principal was scheduled to be paid in the documentation governing
such Indebtedness as of the date of this Indenture, if such Indebtedness was in
existence on the date of this Indenture, or if incurred subsequent to the date
of this Indenture, in accordance with its terms, and will not include any
contingent obligations to repay, redeem or repurchase any such interest or
principal prior to the date originally scheduled for the payment thereof.

     "Subsidiary" means, with respect to any specified Person:

          (1) any corporation, association or other business entity of which
     more than 50% of the total voting power of shares of Capital Stock entitled
     (without regard to the occurrence of any contingency and after giving
     effect to any voting agreement or stockholders' agreement that effectively
     transfers voting power) to vote in the election of directors, managers or
     trustees of the corporation, association or other business entity is at the
     time owned or controlled, directly or indirectly, by that Person or one or
     more of the other Subsidiaries of that Person (or a combination thereof);
     and

          (2) any partnership (a) the sole general partner or the managing
     general partner of which is such Person or a Subsidiary of such Person or
     (b) the only general partners of which are that Person or one or more
     Subsidiaries of that Person (or any combination thereof).

     "TIA" means the Trust Indenture Act of 1939, as amended (15 U.S.C. Sections
77aaa-77bbbb).

     "Total Assets" means the total consolidated assets of the Company and its
Restricted Subsidiaries as set forth on the most recent consolidated balance
sheet of the Company and its Restricted Subsidiaries.

     "Transactions" means issuance and sale of the Notes and execution of the
Credit Agreement and the application of the net offering proceeds from the Notes
and borrowings under the Credit Agreement to:

          (1) repay existing debt;

          (2) pay dividends to stockholders in an amount not to exceed
     $185,400,000;

                                       28

<PAGE>

          (3) make distributions and payments to holders of options to purchase
     shares of the Company's Capital Stock in an amount not to exceed
     $33,100,000; or

          (4) to pay the fees and expenses associated with the issuance and sale
     of the Notes and the execution of the Credit Agreement.

     "Treasury Rate" means, as of any redemption date, the yield to maturity as
of such redemption date of United States Treasury securities with a constant
maturity (as compiled and published in the most recent Federal Reserve
Statistical Release H.15 (519) that has become publicly available at least two
Business Days prior to the redemption date (or, if such Statistical Release is
no longer published, any publicly available source of similar market data)) most
nearly equal to the period from the redemption date to February 15, 2007;
provided, however, that if the period from the redemption date to February 15,
2007, is less than one year, the weekly average yield on actually traded United
States Treasury securities adjusted to a constant maturity of one year will be
used.

     "Trustee" means Wilmington Trust Company until a successor replaces it in
accordance with the applicable provisions of this Indenture and thereafter means
the successor serving hereunder.

     "Unrestricted Definitive Note" means a Definitive Note that does not bear
and is not required to bear the Private Placement Legend.

     "Unrestricted Global Note" means a Global Note that does not bear and is
not required to bear the Private Placement Legend.

     "Unrestricted Subsidiary" means any Subsidiary of the Company that is
designated by the Board of Directors of the Company as an Unrestricted
Subsidiary pursuant to a resolution of the Board of Directors, but only to the
extent that such Subsidiary:

          (1) has no Indebtedness other than Non-Recourse Debt;

          (2) except as permitted by Section 4.11 hereof, is not party to any
     agreement, contract, arrangement or understanding with the Company or any
     Restricted Subsidiary of the Company unless the terms of any such
     agreement, contract, arrangement or understanding are no less favorable to
     the Company or such Restricted Subsidiary than those that might be obtained
     at the time from Persons who are not Affiliates of the Company;

          (3) is a Person with respect to which neither the Company nor any of
     its Restricted Subsidiaries has any direct or indirect obligation (a) to
     subscribe for additional Equity Interests or (b) to maintain or preserve
     such Person's financial condition or to cause such Person to achieve any
     specified levels of operating results; and

          (4) has not guaranteed or otherwise directly or indirectly provided
     credit support for any Indebtedness of the Company or any of its Restricted
     Subsidiaries.

     "U.S. Person" means a U.S. Person as defined in Rule 902(k) promulgated
under the Securities Act.

     "Voting Stock" of any specified Person as of any date means the Capital
Stock of such Person that is at the time entitled to vote in the election of the
Board of Directors of such Person.

                                       29

<PAGE>

     "Weighted Average Life to Maturity" means, when applied to any Indebtedness
at any date, the number of years obtained by dividing:

          (1) the sum of the products obtained by multiplying (a) the amount of
     each then remaining installment, sinking fund, serial maturity or other
     required payments of principal, including payment at final maturity, in
     respect of the Indebtedness, by (b) the number of years (calculated to the
     nearest one-twelfth) that will elapse between such date and the making of
     such payment; by

          (2) the then outstanding principal amount of such Indebtedness.

     "Wholly-Owned Restricted Subsidiary" of any specified Person means a
Subsidiary of such Person all of the outstanding Capital Stock or other
ownership interests of which (other than directors' qualifying shares) will at
the time be owned by such Person or by one or more Wholly-Owned Restricted
Subsidiaries of such Person.

Section 1.02 Other Definitions.

<TABLE>
<CAPTION>
                                                                      Defined in
Term                                                                    Section
----                                                                  ----------
<S>                                                                   <C>
"Affiliate Transaction"............................................      4.11
"Asset Sale Offer".................................................      3.09
"Authentication Order".............................................      2.02
"Change of Control Offer"..........................................      4.15
"Change of Control Payment"........................................      4.15
"Change of Control Payment Date"...................................      4.15
"Covenant Defeasance"..............................................      8.03
"DTC"..............................................................      2.03
"Event of Default".................................................      6.01
"Excess Proceeds"..................................................      4.10
"incur"............................................................      4.09
"Legal Defeasance".................................................      8.02
"Offer Amount".....................................................      3.09
"Offer Period".....................................................      3.09
"Paying Agent".....................................................      2.03
"Permitted Debt"...................................................      4.09
"Payment Default" .................................................      6.01
"Purchase Date"....................................................      3.09
"Redemption Date" .................................................      3.07
"Registrar"........................................................      2.03
"Restricted Payments"..............................................      4.07
</TABLE>

Section 1.03 Incorporation by Reference of Trust Indenture Act.

     Whenever this Indenture refers to a provision of the TIA, the provision is
incorporated by reference in and made a part of this Indenture.

     The following TIA terms used in this Indenture have the following meanings:

     "indenture securities" means the Notes;

                                       30

<PAGE>

     "indenture security Holder" means a Holder of a Note;

     "indenture to be qualified" means this Indenture;

     "indenture trustee" or "institutional trustee" means the Trustee; and

     "obligor" on the Notes and the Note Guarantees means the Company and the
Guarantors, respectively, and any successor obligor upon the Notes and the Note
Guarantees, respectively.

     All other terms used in this Indenture that are defined by the TIA, defined
by TIA reference to another statute or defined by SEC rule under the TIA have
the meanings so assigned to them.

Section 1.04 Rules of Construction.

     Unless the context otherwise requires:

          (1) a term has the meaning assigned to it;

          (2) an accounting term not otherwise defined has the meaning assigned
     to it in accordance with GAAP;

          (3) "or" is not exclusive;

          (4) words in the singular include the plural, and in the plural
     include the singular;

          (5) "will" shall be interpreted to express a command;

          (6) provisions apply to successive events and transactions; and

          (7) references to sections of or rules under the Securities Act will
     be deemed to include substitute, replacement of successor sections or rules
     adopted by the SEC from time to time.

                                    ARTICLE 2
                                    THE NOTES

Section 2.01 Form and Dating.

     (a) General. The Notes and the Trustee's certificate of authentication will
be substantially in the form of Exhibits A1 and A2 hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule or
usage. Each Note will be dated the date of its authentication. The Notes shall
be in denominations of $1,000 and integral multiples thereof.

     The terms and provisions contained in the Notes will constitute, and are
hereby expressly made, a part of this Indenture and the Company, the Guarantors
and the Trustee, by their execution and delivery of this Indenture, expressly
agree to such terms and provisions and to be bound thereby. However, to the
extent any provision of any Note conflicts with the express provisions of this
Indenture, the provisions of this Indenture shall govern and be controlling.

     (b) Global Notes. Notes issued in global form will be substantially in the
form of Exhibits A1 or A2 hereto (including the Global Note Legend thereon and
the "Schedule of Exchanges of Interests in the Global Note" attached thereto).
Notes issued in definitive form will be substantially in the form of

                                       31

<PAGE>

Exhibit A1 hereto (but without the Global Note Legend thereon and without the
"Schedule of Exchanges of Interests in the Global Note" attached thereto). Each
Global Note will represent such of the outstanding Notes as will be specified
therein and each shall provide that it represents the aggregate principal amount
of outstanding Notes from time to time endorsed thereon and that the aggregate
principal amount of outstanding Notes represented thereby may from time to time
be reduced or increased, as appropriate, to reflect exchanges and redemptions.
Any endorsement of a Global Note to reflect the amount of any increase or
decrease in the aggregate principal amount of outstanding Notes represented
thereby will be made by the Trustee or the Custodian, at the direction of the
Trustee, in accordance with instructions given by the Holder thereof as required
by Section 2.06 hereof.

     (c) Temporary Global Notes. Notes offered and sold in reliance on
Regulation S will be issued initially in the form of the Regulation S Temporary
Global Note, which will be deposited on behalf of the purchasers of the Notes
represented thereby with the Trustee, at its Corporate Trust office, as
custodian for the Depositary, and registered in the name of the Depositary or
the nominee of the Depositary for the accounts of designated agents holding on
behalf of Euroclear or Clearstream, duly executed by the Company and
authenticated by the Trustee as hereinafter provided. The Restricted Period will
be terminated upon the receipt by the Trustee of:

          (1) a written certificate from the Depositary, together with copies of
     certificates from Euroclear and Clearstream certifying that they have
     received certification of non-United States beneficial ownership of 100% of
     the aggregate principal amount of the Regulation S Temporary Global Note
     (except to the extent of any beneficial owners thereof who acquired an
     interest therein during the Restricted Period pursuant to another exemption
     from registration under the Securities Act and who will take delivery of a
     beneficial ownership interest in a 144A Global Note or an IAI Global Note
     bearing a Private Placement Legend, all as contemplated by Section 2.06(b)
     hereof); and

          (2) an Officers' Certificate from the Company.

     Following the termination of the Restricted Period, beneficial interests in
the Regulation S Temporary Global Note will be exchanged for beneficial
interests in the Regulation S Permanent Global Note pursuant to the Applicable
Procedures. Simultaneously with the authentication of the Regulation S Permanent
Global Note, the Trustee will cancel the Regulation S Temporary Global Note. The
aggregate principal amount of the Regulation S Temporary Global Note and the
Regulation S Permanent Global Note may from time to time be increased or
decreased by adjustments made on the records of the Trustee and the Depositary
or its nominee, as the case may be, in connection with transfers of interest as
hereinafter provided.

          (3) Euroclear and Clearstream Procedures Applicable. The provisions of
     the "Operating Procedures of the Euroclear System" and "Terms and
     Conditions Governing Use of Euroclear" and the "General Terms and
     Conditions of Clearstream Banking" and "Customer Handbook" of Clearstream
     will be applicable to transfers of beneficial interests in the Regulation S
     Temporary Global Note and the Regulation S Permanent Global Note that are
     held by Participants through Euroclear or Clearstream.

Section 2.02 Execution and Authentication.

     At least one Officer must sign the Notes for the Company by manual or
facsimile signature.

     If an Officer whose signature is on a Note no longer holds that office at
the time a Note is authenticated, the Note will nevertheless be valid.

                                       32

<PAGE>

     A Note will not be valid until authenticated by the manual signature of the
Trustee. The signature will be conclusive evidence that the Note has been
authenticated under this Indenture.

     The Trustee will, upon receipt of a written order of the Company signed by
two Officers (an "Authentication Order"), authenticate Notes for original issue
that may be validly issued under this Indenture, including any Additional Notes.
The aggregate principal amount of Notes outstanding at any time may not exceed
the aggregate principal amount of Notes authorized for issuance by the Company
pursuant to one or more Authentication Orders, except as provided in Section
2.07 hereof.

     The Trustee may appoint an authenticating agent acceptable to the Company
to authenticate Notes. An authenticating agent may authenticate Notes whenever
the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has the
same rights as an Agent to deal with Holders or an Affiliate of the Company.

Section 2.03 Registrar and Paying Agent.

     The Company will maintain an office or agency where Notes may be presented
for registration of transfer or for exchange ("Registrar") and an office or
agency where Notes may be presented for payment ("Paying Agent"). The Registrar
will keep a register of the Notes and of their transfer and exchange. The
Company may appoint one or more co-registrars and one or more additional paying
agents. The term "Registrar" includes any co-registrar and the term "Paying
Agent" includes any additional paying agent. The Company may change any Paying
Agent or Registrar without notice to any Holder. The Company will notify the
Trustee in writing of the name and address of any Agent not a party to this
Indenture. If the Company fails to appoint or maintain another entity as
Registrar or Paying Agent, the Trustee shall act as such. The Company or any of
its Subsidiaries may act as Paying Agent or Registrar.

     The Company initially appoints The Depository Trust Company ("DTC") to act
as Depositary with respect to the Global Notes.

     The Company initially appoints the Trustee to act as the Registrar and
Paying Agent and to act as Custodian with respect to the Global Notes.

Section 2.04 Paying Agent to Hold Money in Trust.

     The Company will require each Paying Agent other than the Trustee to agree
in writing that the Paying Agent will hold in trust for the benefit of Holders
or the Trustee all money held by the Paying Agent for the payment of principal,
premium or Liquidated Damages, if any, or interest on the Notes, and will notify
the Trustee of any default by the Company in making any such payment. While any
such default continues, the Trustee may require a Paying Agent to pay all money
held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the
Paying Agent (if other than the Company or a Subsidiary) will have no further
liability for the money. If the Company or a Subsidiary acts as Paying Agent, it
will segregate and hold in a separate trust fund for the benefit of the Holders
all money held by it as Paying Agent. Upon any bankruptcy or reorganization
proceedings relating to the Company, the Trustee will serve as Paying Agent for
the Notes.

Section 2.05 Holder Lists.

     The Trustee will preserve in as current a form as is reasonably practicable
the most recent list available to it of the names and addresses of all Holders
and shall otherwise comply with TIA Section 312(a). If the Trustee is not the
Registrar, the Company will furnish to the Trustee at least seven Business Days

                                       33

<PAGE>

before each interest payment date and at such other times as the Trustee may
request in writing, a list in such form and as of such date as the Trustee may
reasonably require of the names and addresses of the Holders of Notes and the
Company shall otherwise comply with TIA Section 312(a).

Section 2.06 Transfer and Exchange.

     (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred except as a whole by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or to another nominee of the
Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. All Global Notes will be exchanged by
the Company for Definitive Notes if:

          (1) the Company delivers to the Trustee notice from the Depositary
     that it is unwilling or unable to continue to act as Depositary or that it
     is no longer a clearing agency registered under the Exchange Act and, in
     either case, a successor Depositary is not appointed by the Company within
     120 days after the date of such notice from the Depositary;

          (2) the Company in its sole discretion determines that the Global
     Notes (in whole but not in part) should be exchanged for Definitive Notes
     and delivers a written notice to such effect to the Trustee; provided that
     in no event shall the Regulation S Temporary Global Note be exchanged by
     the Company for Definitive Notes prior to (A) the expiration of the
     Restricted Period and (B) the receipt by the Registrar of any certificates
     required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act; or

          (3) there has occurred and is continuing a Default or Event of Default
     with respect to the Notes.

     Upon the occurrence of either of the preceding events in (1) or (2) above,
Definitive Notes shall be issued in such names as the Depositary shall instruct
the Trustee. Global Notes also may be exchanged or replaced, in whole or in
part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and
delivered in exchange for, or in lieu of, a Global Note or any portion thereof,
pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be
authenticated and delivered in the form of, and shall be, a Global Note. A
Global Note may not be exchanged for another Note other than as provided in this
Section 2.06(a), however, beneficial interests in a Global Note may be
transferred and exchanged as provided in Section 2.06(b), (c) or (f) hereof.

     (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The
transfer and exchange of beneficial interests in the Global Notes will be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. Beneficial interests in the Restricted
Global Notes will be subject to restrictions on transfer comparable to those set
forth herein to the extent required by the Securities Act. Transfers of
beneficial interests in the Global Notes also will require compliance with
either subparagraph (1) or (2) below, as applicable, as well as one or more of
the other following subparagraphs, as applicable:

          (1) Transfer of Beneficial Interests in the Same Global Note.
     Beneficial interests in any Restricted Global Note may be transferred to
     Persons who take delivery thereof in the form of a beneficial interest in
     the same Restricted Global Note in accordance with the transfer
     restrictions set forth in the Private Placement Legend; provided, however,
     that prior to the expiration of the Restricted Period, transfers of
     beneficial interests in the Regulation S Temporary Global Note may not be
     made to a U.S. Person or for the account or benefit of a U.S. Person (other
     than an Initial Purchaser). Beneficial interests in any Unrestricted Global
     Note may be transferred to

                                       34

<PAGE>

     Persons who take delivery thereof in the form of a beneficial interest in
     an Unrestricted Global Note. No written orders or instructions shall be
     required to be delivered to the Registrar to effect the transfers described
     in this Section 2.06(b)(1).

          (2) All Other Transfers and Exchanges of Beneficial Interests in
     Global Notes. In connection with all transfers and exchanges of beneficial
     interests that are not subject to Section 2.06(b)(1) above, the transferor
     of such beneficial interest must deliver to the Registrar either:

               (A) both:

                    (i) a written order from a Participant or an Indirect
               Participant given to the Depositary in accordance with the
               Applicable Procedures directing the Depositary to credit or cause
               to be credited a beneficial interest in another Global Note in an
               amount equal to the beneficial interest to be transferred or
               exchanged; and

                    (ii) instructions given in accordance with the Applicable
               Procedures containing information regarding the Participant
               account to be credited with such increase; or

               (B) both:

                    (i) a written order from a Participant or an Indirect
               Participant given to the Depositary in accordance with the
               Applicable Procedures directing the Depositary to cause to be
               issued a Definitive Note in an amount equal to the beneficial
               interest to be transferred or exchanged; and

                    (ii) instructions given by the Depositary to the Registrar
               containing information regarding the Person in whose name such
               Definitive Note shall be registered to effect the transfer or
               exchange referred to in (1) above;

     provided that in no event shall Definitive Notes be issued upon the
     transfer or exchange of beneficial interests in the Regulation S Temporary
     Global Note prior to (A) the expiration of the Restricted Period and (B)
     the receipt by the Registrar of any certificates required pursuant to Rule
     903 under the Securities Act.

Upon consummation of an Exchange Offer by the Company in accordance with Section
2.06(f) hereof, the requirements of this Section 2.06(b)(2) shall be deemed to
have been satisfied upon receipt by the Registrar of the instructions contained
in the Letter of Transmittal delivered by the Holder of such beneficial
interests in the Restricted Global Notes. Upon satisfaction of all of the
requirements for transfer or exchange of beneficial interests in Global Notes
contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount of the relevant
Global Note(s) pursuant to Section 2.06(h) hereof.

          (3) Transfer of Beneficial Interests to Another Restricted Global
     Note. A beneficial interest in any Restricted Global Note may be
     transferred to a Person who takes delivery thereof in the form of a
     beneficial interest in another Restricted Global Note if the transfer
     complies with the requirements of Section 2.06(b)(2) above and the
     Registrar receives the following:

                                       35

<PAGE>

               (A) if the transferee will take delivery in the form of a
          beneficial interest in the 144A Global Note, then the transferor must
          deliver a certificate in the form of Exhibit B hereto, including the
          certifications in item (1) thereof;

               (B) if the transferee will take delivery in the form of a
          beneficial interest in the Regulation S Temporary Global Note or the
          Regulation S Permanent Global Note, then the transferor must deliver a
          certificate in the form of Exhibit B hereto, including the
          certifications in item (2) thereof; and

               (C) if the transferee will take delivery in the form of a
          beneficial interest in the IAI Global Note, then the transferor must
          deliver a certificate in the form of Exhibit B hereto, including the
          certifications, certificates and Opinion of Counsel required by item
          (3) thereof, if applicable.

          (4) Transfer and Exchange of Beneficial Interests in a Restricted
     Global Note for Beneficial Interests in an Unrestricted Global Note. A
     beneficial interest in any Restricted Global Note may be exchanged by any
     holder thereof for a beneficial interest in an Unrestricted Global Note or
     transferred to a Person who takes delivery thereof in the form of a
     beneficial interest in an Unrestricted Global Note if the exchange or
     transfer complies with the requirements of Section 2.06(b)(2) above and:

               (A) such exchange or transfer is effected pursuant to the
          Exchange Offer in accordance with the Registration Rights Agreement
          and the holder of the beneficial interest to be transferred, in the
          case of an exchange, or the transferee, in the case of a transfer,
          certifies in the applicable Letter of Transmittal that it is not (i) a
          Broker-Dealer, (ii) a Person participating in the distribution of the
          Exchange Notes or (iii) a Person who is an affiliate (as defined in
          Rule 144) of the Company;

               (B) such transfer is effected pursuant to the Shelf Registration
          Statement in accordance with the Registration Rights Agreement;

               (C) such transfer is effected by a Broker-Dealer pursuant to the
          Exchange Offer Registration Statement in accordance with the
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (i) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for a beneficial interest in an Unrestricted Global
               Note, a certificate from such holder in the form of Exhibit C
               hereto, including the certifications in item (1)(a) thereof; or

                    (ii) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of a beneficial interest in an Unrestricted Global Note, a
               certificate from such holder in the form of Exhibit B hereto,
               including the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar so requests or if the Applicable Procedures so require, an
          Opinion of Counsel in form reasonably acceptable to the Registrar to
          the effect that such exchange or transfer is in compliance with the
          Securities Act and that the restrictions on transfer contained herein
          and in the

                                       36

<PAGE>

          Private Placement Legend are no longer required in order to maintain
          compliance with the Securities Act.

     If any such transfer is effected pursuant to subparagraph (B) or (D) above
at a time when an Unrestricted Global Note has not yet been issued, the Company
shall issue and, upon receipt of an Authentication Order in accordance with
Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted
Global Notes in an aggregate principal amount equal to the aggregate principal
amount of beneficial interests transferred pursuant to subparagraph (B) or (D)
above.

     Beneficial interests in an Unrestricted Global Note cannot be exchanged
for, or transferred to Persons who take delivery thereof in the form of, a
beneficial interest in a Restricted Global Note.

     (c) Transfer or Exchange of Beneficial Interests for Definitive Notes.

          (1) Beneficial Interests in Restricted Global Notes to Restricted
     Definitive Notes. If any holder of a beneficial interest in a Restricted
     Global Note proposes to exchange such beneficial interest for a Restricted
     Definitive Note or to transfer such beneficial interest to a Person who
     takes delivery thereof in the form of a Restricted Definitive Note, then,
     upon receipt by the Registrar of the following documentation:

               (A) if the holder of such beneficial interest in a Restricted
          Global Note proposes to exchange such beneficial interest for a
          Restricted Definitive Note, a certificate from such holder in the form
          of Exhibit C hereto, including the certifications in item (2)(a)
          thereof;

               (B) if such beneficial interest is being transferred to a QIB in
          accordance with Rule 144A, a certificate to the effect set forth in
          Exhibit B hereto, including the certifications in item (1) thereof;

               (C) if such beneficial interest is being transferred to a
          Non-U.S. Person in an offshore transaction in accordance with Rule 903
          or Rule 904, a certificate to the effect set forth in Exhibit B
          hereto, including the certifications in item (2) thereof;

               (D) if such beneficial interest is being transferred pursuant to
          an exemption from the registration requirements of the Securities Act
          in accordance with Rule 144, a certificate to the effect set forth in
          Exhibit B hereto, including the certifications in item (3)(a) thereof;

               (E) if such beneficial interest is being transferred to an
          Institutional Accredited Investor in reliance on an exemption from the
          registration requirements of the Securities Act other than those
          listed in subparagraphs (B) through (D) above, a certificate to the
          effect set forth in Exhibit B hereto, including the certifications,
          certificates and Opinion of Counsel required by item (3) thereof, if
          applicable;

               (F) if such beneficial interest is being transferred to the
          Company or any of its Subsidiaries, a certificate to the effect set
          forth in Exhibit B hereto, including the certifications in item (3)(b)
          thereof; or

               (G) if such beneficial interest is being transferred pursuant to
          an effective registration statement under the Securities Act, a
          certificate to the effect set forth in Exhibit B hereto, including the
          certifications in item (3)(c) thereof,

                                       37

<PAGE>

the Trustee shall cause the aggregate principal amount of the applicable Global
Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the
Company shall execute and the Trustee shall authenticate and deliver to the
Person designated in the instructions a Definitive Note in the appropriate
principal amount. Any Definitive Note issued in exchange for a beneficial
interest in a Restricted Global Note pursuant to this Section 2.06(c) shall be
registered in such name or names and in such authorized denomination or
denominations as the holder of such beneficial interest shall instruct the
Registrar through instructions from the Depositary and the Participant or
Indirect Participant. The Trustee shall deliver such Definitive Notes to the
Persons in whose names such Notes are so registered. Any Definitive Note issued
in exchange for a beneficial interest in a Restricted Global Note pursuant to
this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be
subject to all restrictions on transfer contained therein.

          (2) Beneficial Interests in Regulation S Temporary Global Note to
     Definitive Notes. Notwithstanding Sections 2.06(c)(1)(A) and (C) hereof, a
     beneficial interest in the Regulation S Temporary Global Note may not be
     exchanged for a Definitive Note or transferred to a Person who takes
     delivery thereof in the form of a Definitive Note prior to (A) the
     expiration of the Restricted Period and (B) the receipt by the Registrar of
     any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the
     Securities Act, except in the case of a transfer pursuant to an exemption
     from the registration requirements of the Securities Act other than Rule
     903 or Rule 904.

          (3) Beneficial Interests in Restricted Global Notes to Unrestricted
     Definitive Notes. A holder of a beneficial interest in a Restricted Global
     Note may exchange such beneficial interest for an Unrestricted Definitive
     Note or may transfer such beneficial interest to a Person who takes
     delivery thereof in the form of an Unrestricted Definitive Note only if:

               (A) such exchange or transfer is effected pursuant to the
          Exchange Offer in accordance with the Registration Rights Agreement
          and the holder of such beneficial interest, in the case of an
          exchange, or the transferee, in the case of a transfer, certifies in
          the applicable Letter of Transmittal that it is not (i) a
          Broker-Dealer, (ii) a Person participating in the distribution of the
          Exchange Notes or (iii) a Person who is an affiliate (as defined in
          Rule 144) of the Company;

               (B) such transfer is effected pursuant to the Shelf Registration
          Statement in accordance with the Registration Rights Agreement;

               (C) such transfer is effected by a Broker-Dealer pursuant to the
          Exchange Offer Registration Statement in accordance with the
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (i) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for an Unrestricted Definitive Note, a certificate from
               such holder in the form of Exhibit C hereto, including the
               certifications in item (1)(b) thereof; or

                    (ii) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of an Unrestricted Definitive Note, a certificate from such
               holder in the form of Exhibit B hereto, including the
               certifications in item (4) thereof;

                                       38

<PAGE>

          and, in each such case set forth in this subparagraph (D), if the
          Registrar so requests or if the Applicable Procedures so require, an
          Opinion of Counsel in form reasonably acceptable to the Registrar to
          the effect that such exchange or transfer is in compliance with the
          Securities Act and that the restrictions on transfer contained herein
          and in the Private Placement Legend are no longer required in order to
          maintain compliance with the Securities Act.

          (4) Beneficial Interests in Unrestricted Global Notes to Unrestricted
     Definitive Notes. If any holder of a beneficial interest in an Unrestricted
     Global Note proposes to exchange such beneficial interest for a Definitive
     Note or to transfer such beneficial interest to a Person who takes delivery
     thereof in the form of a Definitive Note, then, upon satisfaction of the
     conditions set forth in Section 2.06(b)(2) hereof, the Trustee will cause
     the aggregate principal amount of the applicable Global Note to be reduced
     accordingly pursuant to Section 2.06(h) hereof, and the Company will
     execute and the Trustee will authenticate and deliver to the Person
     designated in the instructions a Definitive Note in the appropriate
     principal amount. Any Definitive Note issued in exchange for a beneficial
     interest pursuant to this Section 2.06(c)(4) will be registered in such
     name or names and in such authorized denomination or denominations as the
     holder of such beneficial interest requests through instructions to the
     Registrar from or through the Depositary and the Participant or Indirect
     Participant. The Trustee will deliver such Definitive Notes to the Persons
     in whose names such Notes are so registered. Any Definitive Note issued in
     exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will
     not bear the Private Placement Legend.

     (d) Transfer and Exchange of Definitive Notes for Beneficial Interests.

          (1) Restricted Definitive Notes to Beneficial Interests in Restricted
     Global Notes. If any Holder of a Restricted Definitive Note proposes to
     exchange such Note for a beneficial interest in a Restricted Global Note or
     to transfer such Restricted Definitive Notes to a Person who takes delivery
     thereof in the form of a beneficial interest in a Restricted Global Note,
     then, upon receipt by the Registrar of the following documentation:

               (A) if the Holder of such Restricted Definitive Note proposes to
          exchange such Note for a beneficial interest in a Restricted Global
          Note, a certificate from such Holder in the form of Exhibit C hereto,
          including the certifications in item (2)(b) thereof;

               (B) if such Restricted Definitive Note is being transferred to a
          QIB in accordance with Rule 144A, a certificate to the effect set
          forth in Exhibit B hereto, including the certifications in item (1)
          thereof;

               (C) if such Restricted Definitive Note is being transferred to a
          Non-U.S. Person in an offshore transaction in accordance with Rule 903
          or Rule 904, a certificate to the effect set forth in Exhibit B
          hereto, including the certifications in item (2) thereof;

               (D) if such Restricted Definitive Note is being transferred
          pursuant to an exemption from the registration requirements of the
          Securities Act in accordance with Rule 144, a certificate to the
          effect set forth in Exhibit B hereto, including the certifications in
          item (3)(a) thereof;

               (E) if such Restricted Definitive Note is being transferred to an
          Institutional Accredited Investor in reliance on an exemption from the
          registration requirements of the Securities Act other than those
          listed in subparagraphs (B) through (D) above, a

                                       39

<PAGE>

          certificate to the effect set forth in Exhibit B hereto, including the
          certifications, certificates and Opinion of Counsel required by item
          (3) thereof, if applicable;

               (F) if such Restricted Definitive Note is being transferred to
          the Company or any of its Subsidiaries, a certificate to the effect
          set forth in Exhibit B hereto, including the certifications in item
          (3)(b) thereof; or

               (G) if such Restricted Definitive Note is being transferred
          pursuant to an effective registration statement under the Securities
          Act, a certificate to the effect set forth in Exhibit B hereto,
          including the certifications in item (3)(c) thereof,

          the Trustee will cancel the Restricted Definitive Note, increase or
          cause to be increased the aggregate principal amount of, in the case
          of clause (A) above, the appropriate Restricted Global Note, in the
          case of clause (B) above, the 144A Global Note, in the case of clause
          (C) above, the Regulation S Global Note, and in all other cases, the
          IAI Global Note.

          (2) Restricted Definitive Notes to Beneficial Interests in
     Unrestricted Global Notes. A Holder of a Restricted Definitive Note may
     exchange such Note for a beneficial interest in an Unrestricted Global Note
     or transfer such Restricted Definitive Note to a Person who takes delivery
     thereof in the form of a beneficial interest in an Unrestricted Global Note
     only if:

               (A) such exchange or transfer is effected pursuant to the
          Exchange Offer in accordance with the Registration Rights Agreement
          and the Holder, in the case of an exchange, or the transferee, in the
          case of a transfer, certifies in the applicable Letter of Transmittal
          that it is not (i) a Broker-Dealer, (ii) a Person participating in the
          distribution of the Exchange Notes or (iii) a Person who is an
          affiliate (as defined in Rule 144) of the Company;

               (B) such transfer is effected pursuant to the Shelf Registration
          Statement in accordance with the Registration Rights Agreement;

               (C) such transfer is effected by a Broker-Dealer pursuant to the
          Exchange Offer Registration Statement in accordance with the
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (i) if the Holder of such Definitive Notes proposes to
               exchange such Notes for a beneficial interest in the Unrestricted
               Global Note, a certificate from such Holder in the form of
               Exhibit C hereto, including the certifications in item (1)(c)
               thereof; or

                    (ii) if the Holder of such Definitive Notes proposes to
               transfer such Notes to a Person who shall take delivery thereof
               in the form of a beneficial interest in the Unrestricted Global
               Note, a certificate from such Holder in the form of Exhibit B
               hereto, including the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar so requests or if the Applicable Procedures so require, an
          Opinion of Counsel in form reasonably acceptable to the Registrar to
          the effect that such exchange or transfer is in compliance with the
          Securities Act and that the restrictions on transfer contained herein
          and in the

                                       40

<PAGE>

          Private Placement Legend are no longer required in order to maintain
          compliance with the Securities Act.

          Upon satisfaction of the conditions of any of the subparagraphs in
     this Section 2.06(d)(2), the Trustee will cancel the Definitive Notes and
     increase or cause to be increased the aggregate principal amount of the
     Unrestricted Global Note.

          (3) Unrestricted Definitive Notes to Beneficial Interests in
     Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note may
     exchange such Note for a beneficial interest in an Unrestricted Global Note
     or transfer such Definitive Notes to a Person who takes delivery thereof in
     the form of a beneficial interest in an Unrestricted Global Note at any
     time. Upon receipt of a request for such an exchange or transfer, the
     Trustee will cancel the applicable Unrestricted Definitive Note and
     increase or cause to be increased the aggregate principal amount of one of
     the Unrestricted Global Notes.

          If any such exchange or transfer from a Definitive Note to a
     beneficial interest is effected pursuant to subparagraphs (2)(B), (2)(D) or
     (3) above at a time when an Unrestricted Global Note has not yet been
     issued, the Company will issue and, upon receipt of an Authentication Order
     in accordance with Section 2.02 hereof, the Trustee will authenticate one
     or more Unrestricted Global Notes in an aggregate principal amount equal to
     the principal amount of Definitive Notes so transferred.

     (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon
request by a Holder of Definitive Notes and such Holder's compliance with the
provisions of this Section 2.06(e), the Registrar will register the transfer or
exchange of Definitive Notes. Prior to such registration of transfer or
exchange, the requesting Holder must present or surrender to the Registrar the
Definitive Notes duly endorsed or accompanied by a written instruction of
transfer in form satisfactory to the Registrar duly executed by such Holder or
by its attorney, duly authorized in writing. In addition, the requesting Holder
must provide any additional certifications, documents and information, as
applicable, required pursuant to the following provisions of this Section
2.06(e).

          (1) Restricted Definitive Notes to Restricted Definitive Notes. Any
     Restricted Definitive Note may be transferred to and registered in the name
     of Persons who take delivery thereof in the form of a Restricted Definitive
     Note if the Registrar receives the following:

               (A) if the transfer will be made pursuant to Rule 144A, then the
          transferor must deliver a certificate in the form of Exhibit B hereto,
          including the certifications in item (1) thereof;

               (B) if the transfer will be made pursuant to Rule 903 or Rule
          904, then the transferor must deliver a certificate in the form of
          Exhibit B hereto, including the certifications in item (2) thereof;
          and

               (C) if the transfer will be made pursuant to any other exemption
          from the registration requirements of the Securities Act, then the
          transferor must deliver a certificate in the form of Exhibit B hereto,
          including the certifications, certificates and Opinion of Counsel
          required by item (3) thereof, if applicable.

          (2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any
     Restricted Definitive Note may be exchanged by the Holder thereof for an
     Unrestricted Definitive Note or

                                       41

<PAGE>

     transferred to a Person or Persons who take delivery thereof in the form of
     an Unrestricted Definitive Note if:

               (A) such exchange or transfer is effected pursuant to the
          Exchange Offer in accordance with the Registration Rights Agreement
          and the Holder, in the case of an exchange, or the transferee, in the
          case of a transfer, certifies in the applicable Letter of Transmittal
          that it is not (i) a Broker-Dealer, (ii) a Person participating in the
          distribution of the Exchange Notes or (iii) a Person who is an
          affiliate (as defined in Rule 144) of the Company;

               (B) any such transfer is effected pursuant to the Shelf
          Registration Statement in accordance with the Registration Rights
          Agreement;

               (C) any such transfer is effected by a Broker-Dealer pursuant to
          the Exchange Offer Registration Statement in accordance with the
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (i) if the Holder of such Restricted Definitive Notes
               proposes to exchange such Notes for an Unrestricted Definitive
               Note, a certificate from such Holder in the form of Exhibit C
               hereto, including the certifications in item (1)(d) thereof; or

                    (ii) if the Holder of such Restricted Definitive Notes
               proposes to transfer such Notes to a Person who shall take
               delivery thereof in the form of an Unrestricted Definitive Note,
               a certificate from such Holder in the form of Exhibit B hereto,
               including the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar so requests, an Opinion of Counsel in form reasonably
          acceptable to the Registrar to the effect that such exchange or
          transfer is in compliance with the Securities Act and that the
          restrictions on transfer contained herein and in the Private Placement
          Legend are no longer required in order to maintain compliance with the
          Securities Act.

          (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A
     Holder of Unrestricted Definitive Notes may transfer such Notes to a Person
     who takes delivery thereof in the form of an Unrestricted Definitive Note.
     Upon receipt of a request to register such a transfer, the Registrar shall
     register the Unrestricted Definitive Notes pursuant to the instructions
     from the Holder thereof.

     (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance
with the Registration Rights Agreement, the Company will issue and, upon receipt
of an Authentication Order in accordance with Section 2.02 hereof, the Trustee
will authenticate:

          (1) one or more Unrestricted Global Notes in an aggregate principal
     amount equal to the principal amount of the beneficial interests in the
     Restricted Global Notes accepted for exchange in the Exchange Offer by
     Persons that certify in the applicable Letters of Transmittal that (A) they
     are not Broker-Dealers, (B) they are not participating in a distribution of
     the Exchange Notes and (C) they are not affiliates (as defined in Rule 144)
     of the Company; and

                                       42

<PAGE>

          (2) Unrestricted Definitive Notes in an aggregate principal amount
     equal to the principal amount of the Restricted Definitive Notes accepted
     for exchange in the Exchange Offer by Persons that certify in the
     applicable Letters of Transmittal that (A) they are not Broker-Dealers, (B)
     they are not participating in a distribution of the Exchange Notes and (C)
     they are not affiliates (as defined in Rule 144) of the Company.

     Concurrently with the issuance of such Notes, the Trustee will cause the
aggregate principal amount of the applicable Restricted Global Notes to be
reduced accordingly, and the Company will execute and the Trustee will
authenticate and deliver to the Persons designated by the Holders of Definitive
Notes so accepted Unrestricted Definitive Notes in the appropriate principal
amount.

     (g) Legends. The following legends will appear on the face of all Global
Notes and Definitive Notes issued under this Indenture unless specifically
stated otherwise in the applicable provisions of this Indenture.

          (1) Private Placement Legend.

               (A) Except as permitted by subparagraph (B) below, each Global
          Note and each Definitive Note (and all Notes issued in exchange
          therefor or substitution thereof) shall bear the legend in
          substantially the following form:

"THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT") AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING
SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE
HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS
DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A "QIB"), (B) IT IS NOT A U.S.
PERSON, IS NOT ACQUIRING THIS NOTE FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON
AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH
REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL "ACCREDITED
INVESTOR" (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER
THE SECURITIES ACT) (AN "IAI"), (2) AGREES THAT IT WILL NOT, WITHIN THE TIME
PERIOD REFERRED TO UNDER RULE 144(k) (TAKING INTO ACCOUNT THE PROVISIONS OF RULE
144(d) UNDER THE SECURITIES ACT, IF APPLICABLE) UNDER THE SECURITIES ACT AS IN
EFFECT ON THE DATE OF THE TRANSFER OF THIS NOTE, RESELL OR OTHERWISE TRANSFER
THIS NOTE EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A PERSON
WHOM THE HOLDER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QIB IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,
(C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE
904 UNDER THE SECURITIES ACT, (D) PURSUANT TO THE EXEMPTION FROM REGISTRATION
PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (E) TO AN IAI
THAT, PRIOR TO SUCH TRANSFER, FURNISHES TO THE TRUSTEE A SIGNED LETTER
CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE REGISTRATION
OF TRANSFER OF THIS NOTE (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE
TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
NOTES AT THE TIME OF TRANSFER OF LESS THAN $250,000, AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
SECURITIES ACT OR (F) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH APPLICABLE

                                       43

<PAGE>

STATE SECURITIES LAWS, AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO
WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY TO
THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF THIS NOTE OR ANY
INTEREST HEREIN WITHIN THE TIME PERIOD REFERRED TO ABOVE, THE HOLDER MUST CHECK
THE APPROPRIATE BOX SET FORTH ON THE REVERSE HEREOF RELATING TO THE MANNER OF
SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE TRUSTEE. AS USED HEREIN, THE
TERMS "OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S. PERSON" HAVE THE
MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE
INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY
TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING RESTRICTIONS."

               (B) Notwithstanding the foregoing, any Global Note or Definitive
          Note issued pursuant to subparagraphs (b)(4), (c)(3), (c)(4), (d)(2),
          (d)(3), (e)(2), (e)(3) or (f) of this Section 2.06 (and all Notes
          issued in exchange therefor or substitution thereof) will not bear the
          Private Placement Legend.

          (2) Global Note Legend. Each Global Note will bear a legend in
     substantially the following form:

"THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS
GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN."

          (3) Regulation S Temporary Global Note Legend. The Regulation S
     Temporary Global Note will bear a Legend in substantially the following
     form:

                                       44

<PAGE>

"THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON."

     (h) Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or
canceled in whole and not in part, each such Global Note will be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 hereof. At
any time prior to such cancellation, if any beneficial interest in a Global Note
is exchanged for or transferred to a Person who will take delivery thereof in
the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be
reduced accordingly and an endorsement will be made on such Global Note by the
Trustee or by the Depositary at the direction of the Trustee to reflect such
reduction; and if the beneficial interest is being exchanged for or transferred
to a Person who will take delivery thereof in the form of a beneficial interest
in another Global Note, such other Global Note will be increased accordingly and
an endorsement will be made on such Global Note by the Trustee or by the
Depositary at the direction of the Trustee to reflect such increase.

     (i) General Provisions Relating to Transfers and Exchanges.

          (1) To permit registrations of transfers and exchanges, the Company
     will execute and the Trustee will authenticate Global Notes and Definitive
     Notes upon receipt of an Authentication Order in accordance with Section
     2.02 hereof or at the Registrar's request.

          (2) No service charge will be made to a Holder of a beneficial
     interest in a Global Note or to a Holder of a Definitive Note for any
     registration of transfer or exchange, but the Company and the Registrar may
     require payment of a sum sufficient to cover any transfer tax or similar
     governmental charge payable in connection therewith (other than any such
     transfer taxes or similar governmental charge payable upon exchange or
     transfer pursuant to Sections 2.10, 3.06, 3.09, 4.10, 4.15 and 9.05
     hereof).

          (3) The Registrar will not be required to register the transfer of or
     exchange of any Note selected for redemption in whole or in part, except
     the unredeemed portion of any Note being redeemed in part.

          (4) All Global Notes and Definitive Notes issued upon any registration
     of transfer or exchange of Global Notes or Definitive Notes will be the
     valid obligations of the Company, evidencing the same debt, and entitled to
     the same benefits under this Indenture, as the Global Notes or Definitive
     Notes surrendered upon such registration of transfer or exchange.

          (5) Neither the Registrar nor the Company will be required:

               (A) to issue, to register the transfer of or to exchange any
          Notes during a period beginning at the opening of business 15 days
          before the day of any selection of Notes for redemption under Section
          3.02 hereof and ending at the close of business on the day of
          selection;

               (B) to register the transfer of or to exchange any Note selected
          for redemption in whole or in part, except the unredeemed portion of
          any Note being redeemed in part; or

                                       45

<PAGE>

               (C) to register the transfer of or to exchange a Note between a
          record date and the next succeeding interest payment date.

          (6) Prior to due presentment for the registration of a transfer of any
     Note, the Trustee, any Agent and the Company may deem and treat the Person
     in whose name any Note is registered as the absolute owner of such Note for
     the purpose of receiving payment of principal of and interest on such Notes
     and for all other purposes, and none of the Trustee, any Agent or the
     Company shall be affected by notice to the contrary.

          (7) The Trustee will authenticate Global Notes and Definitive Notes in
     accordance with the provisions of Section 2.02 hereof.

          (8) All certifications, certificates and Opinions of Counsel required
     to be submitted to the Registrar pursuant to this Section 2.06 to effect a
     registration of transfer or exchange may be submitted by facsimile.

Section 2.07 Replacement Notes.

     If any mutilated Note is surrendered to the Trustee or the Company and the
Trustee receives evidence to its satisfaction of the destruction, loss or theft
of any Note, the Company will issue and the Trustee, upon receipt of an
Authentication Order, will authenticate a replacement Note if the Trustee's
requirements are met. If required by the Trustee or the Company, an indemnity
bond must be supplied by the Holder that is sufficient in the judgment of the
Trustee and the Company to protect the Company, the Trustee, any Agent and any
authenticating agent from any loss that any of them may suffer if a Note is
replaced. Each of the Company and, as contemplated by Section 7.07 hereof, the
Trustee may charge for its expenses in replacing a Note.

     Every replacement Note is an additional obligation of the Company and will
be entitled to all of the benefits of this Indenture equally and proportionately
with all other Notes duly issued hereunder.

Section 2.08 Outstanding Notes.

     The Notes outstanding at any time are all the Notes authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation,
those reductions in the interest in a Global Note effected by the Trustee in
accordance with the provisions hereof, and those described in this Section 2.08
as not outstanding. Except as set forth in Section 2.09 hereof, a Note does not
cease to be outstanding because the Company or an Affiliate of the Company holds
the Note; however, Notes held by the Company or a Subsidiary of the Company
shall not be deemed to be outstanding for purposes of Section 3.07(a) hereof.

     If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the
replaced Note is held by a protected purchaser.

     If the principal amount of any Note is considered paid under Section 4.01
hereof, it ceases to be outstanding and interest on it ceases to accrue.

     If the Paying Agent (other than the Company, a Subsidiary or an Affiliate
of any thereof) holds, on a redemption date or maturity date, money sufficient
to pay Notes payable on that date, then on and after that date such Notes will
be deemed to be no longer outstanding and will cease to accrue interest.

Section 2.09 Treasury Notes.

                                       46

<PAGE>

     In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the
Company or any Guarantor, or by any Person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or any
Guarantor, will be considered as though not outstanding, except that for the
purposes of determining whether the Trustee will be protected in relying on any
such direction, waiver or consent, only Notes that the Trustee knows are so
owned will be so disregarded.

Section 2.10 Temporary Notes.

     Until certificates representing Notes are ready for delivery, the Company
may prepare and the Trustee, upon receipt of an Authentication Order, will
authenticate temporary Notes. Temporary Notes will be substantially in the form
of certificated Notes but may have variations that the Company considers
appropriate for temporary Notes and as may be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company will prepare and the Trustee
will authenticate definitive Notes in exchange for temporary Notes.

     Holders of temporary Notes will be entitled to all of the benefits of this
Indenture.

Section 2.11 Cancellation.

     The Company at any time may deliver Notes to the Trustee for cancellation.
The Registrar and Paying Agent will forward to the Trustee any Notes surrendered
to them for registration of transfer, exchange or payment. The Trustee and no
one else will cancel all Notes surrendered for registration of transfer,
exchange, payment, replacement or cancellation and will destroy canceled Notes
(subject to the record retention requirement of the Exchange Act). Certification
of the destruction of all canceled Notes will be delivered to the Company. The
Company may not issue new Notes to replace Notes that it has paid or that have
been delivered to the Trustee for cancellation.

Section 2.12 Defaulted Interest.

     If the Company defaults in a payment of interest on the Notes, it will pay
the defaulted interest in any lawful manner plus, to the extent lawful, interest
payable on the defaulted interest, to the Persons who are Holders on a
subsequent special record date, in each case at the rate provided in the Notes
and in Section 4.01 hereof. The Company will notify the Trustee in writing of
the amount of defaulted interest proposed to be paid on each Note and the date
of the proposed payment. The Company will fix or cause to be fixed each such
special record date and payment date; provided that no such special record date
may be less than 10 days prior to the related payment date for such defaulted
interest. At least 15 days before the special record date, the Company (or, upon
the written request of the Company, the Trustee in the name and at the expense
of the Company) will mail or cause to be mailed to Holders a notice that states
the special record date, the related payment date and the amount of such
interest to be paid.

                                   ARTICLE 3
                            REDEMPTION AND PREPAYMENT

Section 3.01 Notices to Trustee.

     If the Company elects to redeem Notes pursuant to the optional redemption
provisions of Section 3.07 hereof, it must furnish to the Trustee, at least 30
days but not more than 60 days before a redemption date, an Officers'
Certificate setting forth:

          (1) the clause of this Indenture pursuant to which the redemption
     shall occur;

                                       47

<PAGE>

          (2) the redemption date;

          (3) the principal amount of Notes to be redeemed; and

          (4) the redemption price.

Section 3.02 Selection of Notes to Be Redeemed or Purchased.

     If less than all of the Notes are to be redeemed or purchased in an offer
to purchase at any time, the Trustee will select Notes for redemption or
purchase on a pro rata basis except:

          (1) if the Notes are listed on any national securities exchange, in
     compliance with the requirements of the principal national securities
     exchange on which the Notes are listed; or

          (2) if otherwise required by law.

     In the event of partial redemption or purchase by lot, the particular Notes
to be redeemed or purchased will be selected, unless otherwise provided herein,
not less than 30 nor more than 60 days prior to the redemption or purchase date
by the Trustee from the outstanding Notes not previously called for redemption
or purchase.

     The Trustee will promptly notify the Company in writing of the Notes
selected for redemption or purchase and, in the case of any Note selected for
partial redemption or purchase, the principal amount thereof to be redeemed or
purchased. Notes and portions of Notes selected will be in amounts of $1,000 or
whole multiples of $1,000; except that if all of the Notes of a Holder are to be
redeemed or purchased, the entire outstanding amount of Notes held by such
Holder, even if not a multiple of $1,000, shall be redeemed or purchased. Except
as provided in the preceding sentence, provisions of this Indenture that apply
to Notes called for redemption or purchase also apply to portions of Notes
called for redemption or purchase.

Section 3.03 Notice of Redemption.

     Subject to the provisions of Section 3.09 hereof, at least 30 days but not
more than 60 days before a redemption date, the Company will mail or cause to be
mailed, by first class mail, a notice of redemption to each Holder whose Notes
are to be redeemed at its registered address, except that redemption notices may
be mailed more than 60 days prior to a redemption date if the notice is issued
in connection with a defeasance of the Notes or a satisfaction and discharge of
this Indenture pursuant to Articles 8 or 12 hereof.

     The notice will identify the Notes to be redeemed and will state:

          (1) the redemption date;

          (2) the redemption price;

          (3) if any Note is being redeemed in part, the portion of the
     principal amount of such Note to be redeemed and that, after the redemption
     date upon surrender of such Note, a new Note or Notes in principal amount
     equal to the unredeemed portion will be issued upon cancellation of the
     original Note;

          (4) the name and address of the Paying Agent;

                                       48

<PAGE>

          (5) that Notes called for redemption must be surrendered to the Paying
     Agent to collect the redemption price;

          (6) that, unless the Company defaults in making such redemption
     payment, interest on Notes called for redemption ceases to accrue on and
     after the redemption date and the only remaining right of Holders of such
     Notes is to receive payment of the redemption price upon surrender of Notes
     redeemed;

          (7) the paragraph of the Notes and/or section of this Indenture
     pursuant to which the Notes called for redemption are being redeemed; and

          (8) that no representation is made as to the correctness or accuracy
     of the CUSIP number, if any, listed in such notice or printed on the Notes.

     At the Company's request, the Trustee will give the notice of redemption in
the Company's name and at its expense; provided, however, that the Company has
delivered to the Trustee, at least 45 days prior to the redemption date, an
Officers' Certificate requesting that the Trustee give such notice and setting
forth the information to be stated in such notice as provided in the preceding
paragraph.

Section 3.04 Effect of Notice of Redemption.

     Once notice of redemption is mailed in accordance with Section 3.03 hereof,
Notes called for redemption become irrevocably due and payable on the redemption
date at the redemption price. A notice of redemption may not be conditional.

Section 3.05 Deposit of Redemption or Purchase Price.

     On or prior to the redemption or purchase date, the Company will deposit
with the Trustee or with the Paying Agent money sufficient to pay the redemption
or purchase price of and accrued interest and Liquidated Damages, if any, on all
Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent
will promptly return to the Company any money deposited with the Trustee or the
Paying Agent by the Company in excess of the amounts necessary to pay the
redemption or purchase price of, and accrued interest and Liquidated Damages, if
any, on, all Notes to be redeemed or purchased.

     If the Company complies with the provisions of the preceding paragraph, on
and after the redemption or purchase date, interest will cease to accrue on the
Notes or the portions of Notes called for redemption or purchase, and the only
remaining right of Holders of such Notes is to receive payment of the redemption
price or purchase price upon surrender of Notes redeemed or purchased. If a Note
is redeemed or purchased on or after an interest record date but on or prior to
the related interest payment date, then any accrued and unpaid interest shall be
paid to the Person in whose name such Note was registered at the close of
business on such record date. If any Note called for redemption or purchase is
not so paid upon surrender for redemption or purchase because of the failure of
the Company to comply with the preceding paragraph, interest shall be paid on
the unpaid principal, from the redemption or purchase date until such principal
is paid, and to the extent lawful on any interest not paid on such unpaid
principal, in each case at the rate provided in the Notes and in Section 4.01
hereof.

Section 3.06 Notes Redeemed or Purchased in Part.

     Upon surrender of a Note that is redeemed or purchased in part, the Company
will issue and, upon receipt of an Authentication Order, the Trustee will
authenticate for the Holder at the expense of the

                                       49

<PAGE>

Company a new Note equal in principal amount to the unredeemed or unpurchased
portion of the Note surrendered.

Section 3.07 Optional Redemption.

     (a) At any time prior to February 15, 2007, the Company may on any one or
more occasions redeem up to 35% of the aggregate principal amount of Notes
issued under this Indenture (including any additional Notes issued after the
date of this Indenture) at a redemption price of 100% of the principal amount
thereof, plus a premium equal to 100% of the principal amount of the Notes
multiplied by the sum of the LIBOR Rate in effect on the date of such redemption
notice plus 4.25%, plus accrued and unpaid interest and Liquidated Damages, if
any, to the redemption date, with the net cash proceeds of one or more Equity
Offerings; provided that:

          (1) at least 65% of the aggregate principal amount of Notes originally
     issued under this Indenture (excluding Notes held by the Company and its
     Subsidiaries) remains outstanding immediately after the occurrence of such
     redemption; and

          (2) the redemption occurs within 90 days of the date of the closing of
     such Equity Offering.

     (b) At any time prior to February 15, 2007, the Company may also redeem all
or a part of the Notes, upon not less than 30 nor more than 60 days' prior
notice mailed by first-class mail to each Holder's registered address, at a
redemption price equal to 100% of the principal amount of Notes redeemed plus
the Applicable Premium as of, and accrued and unpaid interest and Liquidated
Damages, if any, to the date of redemption (the "Redemption Date"), subject to
the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date.

     (c) Except pursuant to Sections 3.07(a) and (b) hereof, the Notes will not
be redeemable at the Company's option prior to February 15, 2007.

     (d) On or after February 15, 2007, the Company may redeem all or a part of
the Notes upon not less than 30 nor more than 60 days' notice, at the redemption
prices (expressed as percentages of principal amount) set forth below plus
accrued and unpaid interest and Liquidated Damages, if any, on the Notes
redeemed, to the applicable redemption date, if redeemed during the twelve-month
period beginning on February 15 of the years indicated below, subject to the
rights of Holders on the relevant record date to receive interest on the
relevant interest payment date:

<TABLE>
<CAPTION>
YEAR                      PERCENTAGE
----                      ----------
<S>                       <C>
2007 ..................      102%
2008 ..................      101%
2009 and thereafter ...      100%
</TABLE>

Unless the Company defaults in the payment of the redemption price, interest
will cease to accrue on the Notes or portions thereof called for redemption on
the applicable redemption date.

     (e) Any redemption pursuant to this Section 3.07 shall be made pursuant to
the provisions of Sections 3.01 through 3.06 hereof.

Section 3.08 Mandatory Redemption.

                                       50

<PAGE>

     The Company is not required to make mandatory redemption or sinking fund
payments with respect to the Notes.

Section 3.09 Offer to Purchase by Application of Excess Proceeds.

     In the event that, pursuant to Section 4.10 hereof, the Company is required
to commence an offer to all Holders to purchase Notes (an "Asset Sale Offer"),
it will follow the procedures specified below.

     The Asset Sale Offer shall be made to all Holders and all holders of other
Parity Lien Debt containing provisions similar to those set forth in this
Indenture with respect to offers to purchase or redeem with the proceeds of
sales of assets. The Asset Sale Offer will remain open for a period of at least
20 Business Days following its commencement and not more than 30 Business Days,
except to the extent that a longer period is required by applicable law (the
"Offer Period"). No later than three Business Days after the termination of the
Offer Period (the "Purchase Date"), the Company will apply all Excess Proceeds
(the "Offer Amount") to the purchase of Notes and such other Parity Lien Debt
(on a pro rata basis, if applicable) or, if less than the Offer Amount has been
tendered, all Notes and other Indebtedness tendered in response to the Asset
Sale Offer. Payment for any Notes so purchased will be made in the same manner
as interest payments are made.

     If the Purchase Date is on or after an interest record date and on or
before the related interest payment date, any accrued and unpaid interest and
Liquidated Damages, if any, will be paid to the Person in whose name a Note is
registered at the close of business on such record date, and no additional
interest will be payable to Holders who tender Notes pursuant to the Asset Sale
Offer.

     Upon the commencement of an Asset Sale Offer, the Company will send, by
first class mail, a notice to the Trustee and each of the Holders, with a copy
to the Trustee. The notice will contain all instructions and materials necessary
to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The
notice, which will govern the terms of the Asset Sale Offer, will state:

          (1) that the Asset Sale Offer is being made pursuant to this Section
     3.09 and Section 4.10 hereof and the length of time the Asset Sale Offer
     will remain open;

          (2) the Offer Amount, the purchase price and the Purchase Date;

          (3) that any Note not tendered or accepted for payment will continue
     to accrue interest;

          (4) that, unless the Company defaults in making such payment, any Note
     accepted for payment pursuant to the Asset Sale Offer will cease to accrue
     interest after the Purchase Date;

          (5) that Holders electing to have a Note purchased pursuant to an
     Asset Sale Offer may elect to have Notes purchased in integral multiples of
     $1,000 only;

          (6) that Holders electing to have Notes purchased pursuant to any
     Asset Sale Offer will be required to surrender the Note, with the form
     entitled "Option of Holder to Elect Purchase" attached to the Notes
     completed, or transfer by book-entry transfer, to the Company, a
     Depositary, if appointed by the Company, or a Paying Agent at the address
     specified in the notice at least three days before the Purchase Date;

          (7) that Holders will be entitled to withdraw their election if the
     Company, the Depositary or the Paying Agent, as the case may be, receives,
     not later than the expiration of the Offer Period, a telegram, telex,
     facsimile transmission or letter setting forth the name of the Holder, the

                                       51

<PAGE>

     principal amount of the Note the Holder delivered for purchase and a
     statement that such Holder is withdrawing his election to have such Note
     purchased;

          (8) that, if the aggregate principal amount of Notes and other Parity
     Lien Debt surrendered by holders thereof exceeds the Offer Amount, the
     Company will select the Notes and other Parity Lien Debt to be purchased on
     a pro rata basis based on the principal amount of Notes and such other
     Parity Lien Debt surrendered (with such adjustments as may be deemed
     appropriate by the Company so that only Notes in denominations of $1,000,
     or integral multiples thereof, will be purchased); and

          (9) that Holders whose Notes were purchased only in part will be
     issued new Notes equal in principal amount to the unpurchased portion of
     the Notes surrendered (or transferred by book-entry transfer).

     On or before the Purchase Date, the Company will, to the extent lawful,
accept for payment, on a pro rata basis to the extent necessary, the Offer
Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer,
or if less than the Offer Amount has been tendered, all Notes tendered, and will
deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers' Certificate stating that such Notes or portions
thereof were accepted for payment by the Company in accordance with the terms of
this Section 3.09. The Company, the Depositary or the Paying Agent, as the case
may be, will promptly (but in any case not later than five days after the
Purchase Date) mail or deliver to each tendering Holder an amount equal to the
purchase price of the Notes tendered by such Holder and accepted by the Company
for purchase, and the Company will promptly issue a new Note, and the Trustee,
upon written request from the Company, will authenticate and mail or deliver (or
cause to be transferred by book entry) such new Note to such Holder, in a
principal amount equal to any unpurchased portion of the Note surrendered. Any
Note not so accepted shall be promptly mailed or delivered by the Company to the
Holder thereof. The Company will publicly announce the results of the Asset Sale
Offer on the Purchase Date.

     Other than as specifically provided in this Section 3.09, any purchase
pursuant to this Section 3.09 shall be made pursuant to the provisions of
Sections 3.01 through 3.06 hereof.

                                    ARTICLE 4
                                    COVENANTS

Section 4.01 Payment of Notes.

     The Company will pay or cause to be paid the principal of, premium, if any,
and interest and Liquidated Damages, if any, on, the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, and interest and
Liquidated Damages, if any, will be considered paid on the date due if the
Paying Agent, if other than the Company or a Subsidiary thereof, holds as of
10:00 a.m. Eastern Time on the due date money deposited by the Company in
immediately available funds and designated for and sufficient to pay all
principal, premium, if any, and interest then due. The Company will pay all
Liquidated Damages, if any, in the same manner on the dates and in the amounts
set forth in the Registration Rights Agreement.

     The Company will pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal at the rate equal to
1% per annum in excess of the then applicable interest rate on the Notes to the
extent lawful; it will pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest and
Liquidated Damages (without regard to any applicable grace period) at the same
rate to the extent lawful.

                                       52

<PAGE>

Section 4.02 Maintenance of Office or Agency.

     The Company will maintain an office or agency (which may be an office of
the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where
Notes may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Company in respect of the Notes and this
Indenture may be served. The Company will give prompt written notice to the
Trustee of the location, and any change in the location, of such office or
agency. If at any time the Company fails to maintain any such required office or
agency or fails to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee.

     The Company may also from time to time designate one or more other offices
or agencies where the Notes may be presented or surrendered for any or all such
purposes and may from time to time rescind such designations; provided, however,
that no such designation or rescission will in any manner relieve the Company of
its obligation to maintain an office or agency in the Borough of Manhattan, the
City of New York for such purposes. The Company will give prompt written notice
to the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency.

     The Company hereby designates the Corporate Trust Office of the Trustee as
one such office or agency of the Company in accordance with Section 2.03 hereof.

Section 4.03 Reports.

     (a) Whether or not required by the rules and regulations of the SEC, so
long as any Notes are outstanding, the Company will furnish to the Holders of
Notes or cause the Trustee to furnish to the Holders of Notes, within the time
periods specified in the SEC's rules and regulations:

          (1) all quarterly and annual reports that would be required to be
     filed with the SEC on Forms 10-Q and 10-K if the Company were required to
     file such reports (including, in connection with the report of Form 10-K
     for the year ending December 31, 2004, the additional time to file
     permitted by Rule 12b-25 under the Securities Exchange Act of 1934); and

          (2) all current reports that would be required to be filed with the
     SEC on Form 8-K if the Company were required to file such reports.

     The availability of the foregoing materials on either the SEC's EDGAR
database service or on the Company's website shall be deemed to satisfy the
Company's delivery obligation to deliver such reports. However, subsequent to
the filing of a registration statement on Form S-1 containing the financial
information for the respective annual or quarterly reporting periods required to
be included in such Form S-1 as of the date filed and such other information
otherwise required by the reports referenced in clause (2) above, and prior to
the effectiveness or withdrawal of any such registration statement, the
availability of such registration statement on the SEC's EDGAR database service,
including any amendments to the registration statement diligently filed, shall
be deemed to satisfy the Company's obligation to deliver the reports referenced
in clauses (1) and (2) above, even if the amendments to the registration
statement containing such information are filed after the time periods within
which such information would have otherwise been required to be reported on such
reports.

     All such reports will be prepared in all material respects in accordance
with all of the rules and regulations applicable to such reports. Each annual
report on Form 10-K will include a report on the Issuer's consolidated financial
statements by the Issuer's certified independent accountants. In addition,
following the consummation of the Exchange Offer contemplated by the
Registration Rights Agreement,

                                       53

<PAGE>

the Company will file a copy of each of the reports referred to in clauses (1)
and (2) above with the SEC for public availability within the time periods
specified in the rules and regulations applicable to such reports (unless the
SEC will not accept such a filing) and will post the reports on its website
within those time periods.

     If, at any time after consummation of the Exchange Offer contemplated by
the Registration Rights Agreement, the Company is no longer subject to the
periodic reporting requirements of the Exchange Act for any reason, the Company
will nevertheless continue filing the reports specified in the preceding
paragraph with the SEC within the time periods specified above unless the SEC
will not accept such a filing. The Company will not take any action for the
purpose of causing the SEC not to accept any such filings. If, notwithstanding
the foregoing, the SEC will not accept the Company's filings for any reason, the
Company will post the reports referred to in the preceding paragraph on its
website within the time periods that would apply if the Company were required to
file those reports with the SEC.

     (b) If the Company has designated any of its Subsidiaries as Unrestricted
Subsidiaries, then the quarterly and annual financial information required by
paragraph (a) of this Section 4.03 will include a reasonably detailed
presentation, either on the face of the financial statements or in the footnotes
thereto, and in Management's Discussion and Analysis of Financial Condition and
Results of Operations, of the financial condition and results of operations of
the Company and its Restricted Subsidiaries separate from the financial
condition and results of operations of the Unrestricted Subsidiaries of the
Company.

     (c) For so long as any Notes remain outstanding, if at any time they are
not required to file with the SEC the reports required by paragraphs (a) and (b)
of this Section 4.03, the Company and the Guarantors will furnish to the Holders
and to securities analysts and prospective investors, upon their request, the
information required to be delivered pursuant to Rule 144A(d)(4) under the
Securities Act.

Section 4.04 Compliance Certificate.

     (a) The Company and each Guarantor (to the extent that such Guarantor is so
required under the TIA) shall deliver to the Trustee, within 120 days after the
end of each fiscal year, an Officers' Certificate stating that a review of the
activities of the Company and its Subsidiaries during the preceding fiscal year
has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its
obligations under this Indenture and the Security Documents, and further
stating, as to each such Officer signing such certificate, that to the best of
his or her knowledge the Company has kept, observed, performed and fulfilled
each and every covenant contained in this Indenture and the Security Documents
in all material respects and is not in default in the performance or observance
of any of the terms, provisions and conditions of this Indenture and the
Security Documents (or, if a Default or Event of Default has occurred,
describing all such Defaults or Events of Default of which he or she may have
knowledge) and that to the best of his or her knowledge no event has occurred
and remains in existence by reason of which payments on account of the principal
of or interest, if any, on the Notes is prohibited or if such event has
occurred, a description of the event.

     (b) So long as any of the Notes are outstanding, the Company will deliver
to the Trustee, forthwith upon any Officer becoming aware of any Default or
Event of Default, an Officers' Certificate specifying such Default or Event of
Default and what action the Company is taking or proposes to take with respect
thereto.

Section 4.05 Taxes.

     The Company will pay, and will cause each of its Subsidiaries to pay, prior
to delinquency, all material taxes, assessments, and governmental levies except
such as are contested in good faith and by

                                       54

<PAGE>

appropriate proceedings or where the failure to effect such payment is not
adverse in any material respect to the Holders of the Notes.

Section 4.06 Stay, Extension and Usury Laws.

     The Company and each of the Guarantors covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension
or usury law wherever enacted, now or at any time hereafter in force, that may
affect the covenants or the performance of this Indenture; and the Company and
each of the Guarantors (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law, and covenants that it
will not, by resort to any such law, hinder, delay or impede the execution of
any power herein granted to the Trustee, but will suffer and permit the
execution of every such power as though no such law has been enacted.

Section 4.07 Restricted Payments.

     (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly:

          (1) declare or pay any dividend or make any other payment or
     distribution on account of the Company's or any of its Restricted
     Subsidiaries' Equity Interests (including, without limitation, any payment
     in connection with any merger or consolidation involving the Company or any
     of its Restricted Subsidiaries) or to the direct or indirect holders of the
     Company's or any of its Restricted Subsidiaries' Equity Interests in their
     capacity as such (other than dividends, payments or distributions payable
     in Equity Interests (other than Disqualified Stock) of the Company and
     other than dividends or distributions payable to the Company or a
     Restricted Subsidiary of the Company);

          (2) purchase, redeem or otherwise acquire or retire for value
     (including, without limitation, in connection with any merger or
     consolidation involving the Company) any Equity Interests of the Company or
     any direct or indirect parent of the Company;

          (3) make any payment on or with respect to, or purchase, redeem,
     defease or otherwise acquire or retire for value any Indebtedness of the
     Company or any Guarantor that is contractually subordinated to the Notes or
     to any Note Guarantee (excluding any intercompany Indebtedness between or
     among the Company and any of its Restricted Subsidiaries), except a payment
     of interest or principal at the Stated Maturity thereof; or

          (4) make any Restricted Investment

     (all such payments and other actions set forth in these clauses (1) through
     (4) above being collectively referred to as "Restricted Payments"),

unless, at the time of and after giving effect to such Restricted Payment:

          (1) no Default or Event of Default has occurred and is continuing or
     would occur as a consequence of such Restricted Payment;

          (2) the Company would, at the time of such Restricted Payment and
     after giving pro forma effect thereto as if such Restricted Payment had
     been made at the beginning of the applicable four full fiscal quarter
     period, have been permitted to incur at least $1.00 of additional

                                       55

<PAGE>

     Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in
     Section 4.09(a) hereof; and

          (3) such Restricted Payment, together with the aggregate amount of all
     other Restricted Payments made by the Company and its Restricted
     Subsidiaries since the date of this Indenture (excluding Restricted
     Payments permitted by clauses (2), (3), (4), (6), (8), (9), (10), (11) and
     (13) of paragraph (b) of this Section 4.07, and excluding Restricted
     Payments attributable to proceeds of key-man life insurance, with respect
     to clause (5) of paragraph (b) of this Section 4.07), is less than the sum,
     without duplication, of:

               (A) 50% of the Consolidated Net Income of the Company for the
          period (taken as one accounting period) from the beginning of the
          first fiscal quarter commencing after the date of this Indenture to
          the end of the Company's most recently ended fiscal quarter for which
          financial statements are available at the time of such Restricted
          Payment (or, if such Consolidated Net Income for such period is a
          deficit, less 100% of such deficit); plus

               (B) 100% of the aggregate net cash proceeds received by the
          Company since the date of this Indenture as a contribution to its
          common equity capital or from the issue or sale of Equity Interests of
          the Company (other than Disqualified Stock) or from the issue or sale
          of convertible or exchangeable Disqualified Stock or convertible or
          exchangeable debt securities of the Company that have been converted
          into or exchanged for such Equity Interests (other than Equity
          Interests (or Disqualified Stock or debt securities) sold to a
          Subsidiary of the Company); plus

               (C) to the extent that any Restricted Investment that was made
          after the date of this Indenture is sold for cash or otherwise
          liquidated or repaid for cash, the cash return of capital with respect
          to such Restricted Investment (less the cost of disposition, if any);
          plus

               (D) to the extent that any Unrestricted Subsidiary of the Company
          designated as such after the date of this Indenture is redesignated as
          a Restricted Subsidiary after the date of this Indenture, the Fair
          Market Value of the Company's Investment in such Subsidiary as of the
          date of such redesignation; plus

               (E) 100% of any dividends received by the Company or a
          Wholly-Owned Restricted Subsidiary of the Company that is a Guarantor
          after the date of this Indenture from an Unrestricted Subsidiary of
          the Company, to the extent that such dividends were not otherwise
          included in the Consolidated Net Income of the Company for such
          period.

     (b) With respect to (a) any payments made pursuant to clauses (2), (3),
(4), (5) (other than with respect to proceeds of key-man life insurance), (7)
and (12) below, so long as no Default or Event of Default has occurred and is
continuing or would be caused by such payments, and (b) any payments made
pursuant to clauses (1), (5) (with the cash proceeds of key-man life insurance
policies and any carryover of such amount as permitted by such clause (5)), (6),
(8), (9), (10), (11) and (13) below, regardless of whether any Default or Event
of Default has occurred and is continuing or would be caused by such payment,
the provisions of Section 4.07(a) hereof will not prohibit:

          (1) the payment of any dividend or the consummation of any irrevocable
     redemption within 60 days after the date of declaration of the dividend or
     giving of the redemption notice, as

                                       56

<PAGE>

     the case may be, if at the date of declaration or notice, the dividend or
     redemption payment would have complied with the provisions of this
     Indenture;

          (2) the making of any Restricted Payment in exchange for, or out of
     the net cash proceeds of the substantially concurrent sale (other than to a
     Subsidiary of the Company) of, Equity Interests of the Company (other than
     Disqualified Stock) or from the substantially concurrent contribution of
     common equity capital to the Company; provided that the amount of any such
     net cash proceeds that are utilized for any such Restricted Payment will be
     excluded from clause (3)(B) of Section 4.07(a) hereof;

          (3) the repurchase, redemption, defeasance or other acquisition or
     retirement for value of Indebtedness of the Company or any Guarantor that
     is contractually subordinated to the Notes or to any Note Guarantee with
     the net cash proceeds from a substantially concurrent incurrence of
     Permitted Refinancing Indebtedness;

          (4) the payment of any dividend (or, in the case of any partnership or
     limited liability company, any similar distribution) by a Restricted
     Subsidiary of the Company to the holders of its Equity Interests on a pro
     rata basis;

          (5) the repurchase, redemption or other acquisition or retirement for
     value of any Equity Interests of the Company or any Restricted Subsidiary
     of the Company held by any current or former officer, director or employee
     of the Company or any of its Restricted Subsidiaries pursuant to any equity
     subscription agreement, stock option agreement, shareholders' agreement or
     similar agreement or otherwise approved by the Board of Directors; provided
     that the aggregate price paid for all such repurchased, redeemed, acquired
     or retired Equity Interests in any fiscal year may not exceed the sum of
     (i) $3.0 million and (ii) the cash proceeds of key-man life insurance
     policies received in such year by the Company and its Restricted
     Subsidiaries (it being understood, however, that unused amounts permitted
     to be paid pursuant to this proviso from any fiscal year are available to
     be carried over to the subsequent fiscal year); provided, further, that the
     aggregate amount spent pursuant to this clause (5) in any fiscal year in
     which unused amounts from a prior fiscal year have been carried forward may
     not exceed the sum of (x) $6.0 million and (y) the unused cash proceeds of
     such key-man life insurance policies;

          (6) the repurchase of Equity Interests deemed to occur upon the
     exercise of stock options to the extent such Equity Interests represent a
     portion of the exercise price of those stock options;

          (7) the declaration and payment of regularly scheduled or accrued
     dividends to holders of any class or series of common Disqualified Stock of
     the Company or any Restricted Subsidiary of the Company issued on or after
     the date of this Indenture in accordance with Section 4.09(a) hereof;

          (8) the declaration and payment of regularly scheduled or accrued
     dividends to holders of any class or series of preferred Disqualified Stock
     of the Company or any Restricted Subsidiary of the Company issued on or
     after the date of this Indenture in accordance Section 4.09(a) hereof;

          (9) dividends to stockholders and distributions and payments to the
     holders of options of the Company's Capital Stock made by the Company in
     the manner described in the section entitled "Use of Proceeds" in the
     Offering Memorandum;

          (10) Permitted Payments to Sponsor;

                                       57

<PAGE>

          (11) cash payments in lieu of fractional shares issuable as dividends
     on Capital Stock of the Company or any of its Restricted Subsidiaries;

          (12) following the Initial Public Offering, dividends of up to 6.0%
     per annum of the net proceeds received by the Company in such Initial
     Public Offering; and

          (13) other Restricted Payments in an aggregate amount not to exceed
     $30.0 million since the date of this Indenture.

     The amount of all Restricted Payments (other than cash) will be the Fair
Market Value on the date of the Restricted Payment of the asset(s) or securities
proposed to be transferred or issued by the Company or such Restricted
Subsidiary, as the case may be, pursuant to the Restricted Payment.

Section 4.08 Dividend and Other Payment Restrictions Affecting Subsidiaries.

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

          (1) pay dividends or make any other distributions on its Capital Stock
     to the Company or any of its Restricted Subsidiaries, or with respect to
     any other interest or participation in, or measured by, its profits, or pay
     any indebtedness owed to the Company or any of its Restricted Subsidiaries;

          (2) make loans or advances to the Company or any of its Restricted
     Subsidiaries; or

          (3) sell, lease or transfer any of its properties or assets to the
     Company or any of its Restricted Subsidiaries (including for purposes of
     this clause (3) distributions of property as dividends on capital stock).

     (b) However, the preceding restrictions will not apply to encumbrances or
restrictions existing under or by reason of:

          (1) agreements governing Existing Indebtedness, any Credit Facility,
     including the Credit Agreement, and any other agreements as in effect on
     the date of this Indenture, and any amendments, restatements,
     modifications, renewals, supplements, refundings, replacements or
     refinancings of those agreements; provided that the amendments,
     restatements, modifications, renewals, supplements, refundings,
     replacements or refinancings are not materially more restrictive, taken as
     a whole, with respect to such dividend and other payment restrictions than
     those contained in those agreements on the date of this Indenture;

          (2) this Indenture, the Notes, the Note Guarantees and the Security
     Documents;

          (3) applicable law, rule, regulation or order;

          (4) any instrument governing Indebtedness or Capital Stock of a Person
     acquired by the Company or any of its Restricted Subsidiaries as in effect
     at the time of such acquisition (except to the extent such Indebtedness or
     Capital Stock was incurred in connection with or in contemplation of such
     acquisition), which encumbrance or restriction is not applicable to any
     Person, or the properties or assets of any Person, other than the Person,
     or the property or assets

                                       58

<PAGE>

     of the Person, so acquired; provided that, in the case of Indebtedness,
     such Indebtedness was permitted by the terms of this Indenture to be
     incurred;

          (5) customary non-assignment provisions in contracts, leases and
     licenses entered into in the ordinary course of business;

          (6) purchase money obligations for property or equipment acquired for
     use in the business of the Company or any of its Restricted Subsidiaries
     and Capital Lease Obligations that impose restrictions on the property
     purchased or leased of the nature described in clause (3) of Section
     4.08(a) hereof;

          (7) any agreement for the sale or other disposition of a Restricted
     Subsidiary that restricts distributions by that Restricted Subsidiary
     pending the sale or other disposition;

          (8) Permitted Refinancing Indebtedness; provided that the restrictions
     contained in the agreements governing such Permitted Refinancing
     Indebtedness are not materially more restrictive, taken as a whole, than
     those contained in the agreements governing the Indebtedness being
     refinanced;

          (9) Liens permitted to be incurred under Section 4.12 hereof that
     limit the right of the debtor to dispose of the assets subject to such
     Liens;

          (10) provisions limiting the disposition or distribution of assets or
     property in joint venture agreements, asset sale agreements, sale-leaseback
     agreements, stock sale agreements and other similar agreements entered into
     with the approval of the Company's Board of Directors, which limitation is
     applicable only to the assets that are the subject of such agreements; and

          (11) restrictions on cash or other deposits or net worth imposed by
     customers under contracts entered into in the ordinary course of business.

Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock.

     (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee
or otherwise become directly or indirectly liable, contingently or otherwise,
with respect to (collectively, "incur") any Indebtedness (including Acquired
Debt), and the Company will not issue any Disqualified Stock and will not permit
any of its Restricted Subsidiaries to issue any shares of preferred stock;
provided, however, that the Company may incur Indebtedness (including Acquired
Debt) or issue Disqualified Stock, and the Guarantors may incur Indebtedness
(including Acquired Debt) or issue preferred stock, if, the Fixed Charge
Coverage Ratio for the Company's most recently ended four full fiscal quarters
for which financial statements are available immediately preceding the date on
which such additional Indebtedness is incurred or such Disqualified Stock or
such preferred stock is issued, as the case may be, would have been at least 2.0
to 1.0, determined on a pro forma basis (including a pro forma application of
the net proceeds therefrom), as if the additional Indebtedness had been incurred
or the Disqualified Stock or the preferred stock had been issued, as the case
may be, at the beginning of such four full fiscal quarter period.

     (b) The provisions of Section 4.09(a) hereof will not prohibit the
incurrence of any of the following items of Indebtedness (collectively,
"Permitted Debt"):

          (1) the incurrence by the Company and any Guarantor of (i)
     Indebtedness and letters of credit under Credit Facilities in an aggregate
     principal amount at any one time outstanding under

                                       59

<PAGE>

     this clause (1) (with letters of credit being deemed to have a principal
     amount equal to the maximum potential liability of the Company and its
     Restricted Subsidiaries thereunder) and (ii) Indebtedness under any
     receivables facility (such amounts outstanding under any such receivables
     facility not to exceed $125.0 million outstanding at any given time) in an
     aggregate principal amount at any one time outstanding under this clause
     (1) not to exceed the greater of:

               (A) $375.0 million less the aggregate amount of all Net Proceeds
          of Asset Sales or Casualty Events applied by the Company or any of its
          Restricted Subsidiaries since the date of this Indenture to repay any
          term Indebtedness under a Credit Facility or to repay any revolving
          credit Indebtedness under a Credit Facility and effect a corresponding
          commitment reduction thereunder pursuant to Section 4.10 hereof; and

               (B) the Borrowing Base;

          (2) the incurrence by the Company or any of its Restricted
     Subsidiaries of Existing Indebtedness and Existing Disqualified Stock;

          (3) the incurrence by the Company and the Guarantors of Indebtedness
     represented by the Notes and the related Note Guarantees to be issued on
     the date of this Indenture and the Exchange Notes and the related Note
     Guarantees to be issued pursuant to the Registration Rights Agreement;

          (4) the incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness represented by Capital Lease Obligations,
     mortgage financings or purchase money obligations, in each case, incurred
     for the purpose of financing all or any part of the purchase price or cost
     of design, construction, installation or improvement of property, plant or
     equipment used in the business of the Company or any of its Restricted
     Subsidiaries (whether through the direct purchase of assets or the Capital
     Stock of any Person owning such assets) within 90 days of such purchase,
     design, construction, installation or improvement in an aggregate principal
     amount, including all Indebtedness incurred to renew, refund, refinance,
     replace, defease or discharge any Indebtedness incurred pursuant to this
     clause (4), not to exceed the greater of (a) $25.0 million and (b) 3.0% of
     Total Assets at any time outstanding;

          (5) the incurrence by the Company or any of its Restricted
     Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the
     net proceeds of which are used to renew, refund, refinance, replace,
     defease or discharge any Indebtedness (other than intercompany
     Indebtedness) that was permitted by this Indenture to be incurred under
     Section 4.09(a) hereof or clauses (2), (3) or (5) of this Section 4.09(b);

          (6) the incurrence by the Company or any of its Restricted
     Subsidiaries of intercompany Indebtedness between or among the Company and
     any of its Restricted Subsidiaries; provided, however, that:

               (A) if the Company or any Guarantor is the obligor on such
          Indebtedness and the payee is not the Company or a Guarantor, such
          Indebtedness must be expressly subordinated, upon an Event of Default,
          to the prior payment in full in cash of all Obligations then due with
          respect to the Notes, in the case of the Company, or the Note
          Guarantee, in the case of a Guarantor; and

               (B) (i) any subsequent issuance or transfer of Equity Interests
          that results in any such Indebtedness being held by a Person other
          than the Company or a Restricted

                                       60

<PAGE>

          Subsidiary of the Company and (ii) any sale or other transfer of any
          such Indebtedness to a Person that is not either the Company or a
          Restricted Subsidiary of the Company, will be deemed, in each case, to
          constitute an incurrence of such Indebtedness by the Company or such
          Restricted Subsidiary, as the case may be, that was not permitted by
          this clause (6);

          (7) the issuance by any of the Company's Restricted Subsidiaries to
     the Company or to any of its Restricted Subsidiaries of shares of preferred
     stock; provided, however, that:

               (A) any subsequent issuance or transfer of Equity Interests that
          results in any such preferred stock being held by a Person other than
          the Company or a Restricted Subsidiary of the Company; and

               (B) any sale or other transfer of any such preferred stock to a
          Person that is not either the Company or a Restricted Subsidiary of
          the Company,

     will be deemed, in each case, to constitute an issuance of such preferred
     stock by such Restricted Subsidiary that was not permitted by this clause
     (7);

          (8) the incurrence by the Company or any of its Restricted
     Subsidiaries of Hedging Obligations in the ordinary course of business;

          (9) the guarantee by the Company or any of the Guarantors of
     Indebtedness of the Company or a Restricted Subsidiary of the Company that
     was permitted to be incurred by another provision of this Section 4.09;
     provided that if the Indebtedness being guaranteed is subordinated to or
     pari passu with the Notes, then the guarantee shall be subordinated or pari
     passu, as applicable, to the same extent as the Indebtedness guaranteed;

          (10) the incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness in respect of workers' compensation claims,
     self-insurance obligations, bankers' acceptances, trade letters of credit,
     performance and surety bonds in the ordinary course of business;

          (11) the incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness arising from the honoring by a bank or other
     financial institution of a check, draft or similar instrument inadvertently
     drawn against insufficient funds, so long as such Indebtedness is covered
     within five Business Days;

          (12) Indebtedness arising from any agreement entered into by the
     Company or any of its Restricted Subsidiaries providing for
     indemnification, purchase price adjustment, holdback, contingency payment
     obligations based on the performance of the acquired or disposed assets or
     similar obligations (other than Guarantees of Indebtedness) incurred by any
     Person in connection with the acquisition or disposition of assets
     permitted by this Indenture;

          (13) the incurrence by the Company or any of its Restricted
     Subsidiaries of Acquired Debt of Restricted Subsidiaries acquired or
     assumed by the Company or another Restricted Subsidiary of the Company, or
     resulting from the merger or consolidation of one or more Persons into or
     with one or more Restricted Subsidiaries of the Company; provided that (a)
     such Acquired Debt is not incurred in contemplation of the respective
     acquisition, merger or consolidation, and (b) after giving effect to any
     Acquired Debt acquired or assumed pursuant to this clause (13),

                                       61

<PAGE>

               (A) the Company would be permitted to incur at least $1.00 of
          additional Indebtedness pursuant to Section 4.09(a) hereof; or

               (B) the Company's Fixed Charge Coverage Ratio at the time of such
          acquisition or merger, after giving pro forma effect to such
          acquisition or merger, would be greater than the Company's actual
          Fixed Charge Coverage Ratio immediately prior to such acquisition or
          merger;

          (14) the incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness for the sole purpose of financing the payment
     of insurance premiums in the ordinary course of business;

          (15) the incurrence by the Company of Disqualified Capital Stock
     issued to any officer, director or employee of the Company or any of its
     Restricted Subsidiaries pursuant to any equity subscription agreement,
     stock option agreement, shareholder's agreement or similar agreement, or
     otherwise approved by the Board of Directors; and

          (16) the incurrence by the Company or any of its Restricted
     Subsidiaries of additional Indebtedness in an aggregate principal amount
     (or accreted value, as applicable) at any time outstanding, including all
     Indebtedness incurred to renew, refund, refinance, replace, defease or
     discharge any Indebtedness incurred pursuant to this clause (16), not to
     exceed $50.0 million.

     The Company will not incur, and will not permit any Guarantor to incur, any
Indebtedness (including Permitted Debt) that is contractually subordinated in
right of payment to any other Indebtedness of the Company or such Guarantor
unless such Indebtedness is also contractually subordinated in right of payment
to the Notes and the applicable Note Guarantee on substantially identical terms;
provided, however, that no Indebtedness will be deemed to be contractually
subordinated in right of payment to any other Indebtedness of the Company solely
by virtue of being unsecured or by virtue of being secured on a first or junior
Lien basis.

     For purposes of determining compliance with this Section 4.09, in the event
that an item of proposed Indebtedness meets the criteria of more than one of the
categories of Permitted Debt described in clauses (1) through (16) above, or is
entitled to be incurred pursuant to Section 4.09(a) hereof, the Company will be
permitted to classify such item of Indebtedness on the date of its incurrence,
or later reclassify all or a portion of such item of Indebtedness, in any manner
that complies with this Section 4.09. Indebtedness under Credit Facilities
outstanding on the date on which Notes are first issued and authenticated under
this Indenture will initially be deemed to have been incurred on such date in
reliance on the exception provided by clause (1) of the definition of Permitted
Debt. The accrual of interest, the accretion or amortization of original issue
discount, the payment of interest on any Indebtedness in the form of additional
Indebtedness with the same terms, the reclassification of preferred stock as
Indebtedness due to a change in accounting principles, and the payment of
dividends on Disqualified Stock in the form of additional shares of the same
class of Disqualified Stock will not be deemed to be an incurrence of
Indebtedness or an issuance of Disqualified Stock for purposes of this Section
4.09; provided, in each such case, that the amount of any such accrual,
accretion or payment is included in Fixed Charges of the Company as accrued.
Notwithstanding any other provision of this Section 4.09, the maximum amount of
Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to
this Section 4.09 shall not be deemed to be exceeded solely as a result of
fluctuations in exchange rates or currency values.

                                       62

<PAGE>

     The amount of any Indebtedness outstanding as of any date will be:

          (1) the accreted value of the Indebtedness, in the case of any
     Indebtedness issued with original issue discount;

          (2) the principal amount of the Indebtedness, in the case of any other
     Indebtedness; and

          (3) in respect of Indebtedness of another Person secured by a Lien on
     the assets of the specified Person, the lesser of:

               (A) the Fair Market Value of such assets at the date of
          determination; and

               (B) the amount of the Indebtedness of the other Person.

Section 4.10 Asset Sales.

     (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, consummate an Asset Sale unless:

          (1) the Company (or the Restricted Subsidiary, as the case may be)
     receives consideration at the time of the Asset Sale at least equal to the
     Fair Market Value of the assets or Equity Interests issued or sold or
     otherwise disposed of; and

          (2) at least 75% of the consideration received in the Asset Sale by
     the Company or such Restricted Subsidiary is in the form of cash or Cash
     Equivalents. For purposes of this provision, each of the following will be
     deemed to be cash:

               (A) any liabilities, as shown on the Company's most recent
          consolidated balance sheet, of the Company or any Restricted
          Subsidiary (other than contingent liabilities and liabilities that are
          by their terms subordinated to the Notes or any Note Guarantee) that
          are assumed by the transferee of any such assets pursuant to a
          customary novation agreement that releases the Company or such
          Restricted Subsidiary from further liability;

               (B) any securities, notes or other obligations received by the
          Company or any such Restricted Subsidiary from such transferee that
          are, within 180 days, converted by the Company or such Restricted
          Subsidiary into cash or Cash Equivalents, to the extent of the cash
          received in that conversion; and

               (C) any stock or assets of the kind referred to in clauses (2) or
          (4) of Section 4.10(b) hereof.

     (b) Within 365 days after the receipt of any Net Proceeds from an Asset
Sale or a Casualty Event, the Company (or the applicable Restricted Subsidiary,
as the case may be) may apply such Net Proceeds:

          (1) to repay Priority Lien Debt and, if such Priority Lien Debt is
     revolving credit Indebtedness, to correspondingly reduce commitments with
     respect thereto;

          (2) to acquire all or substantially all of the assets of, or any
     Capital Stock of, a Person engaged in a Permitted Business, if, after
     giving effect to any such acquisition of Capital Stock, the Permitted
     Business is or becomes a Restricted Subsidiary of the Company;

                                       63

<PAGE>

          (3) to make a capital expenditure; or

          (4) to acquire other assets that are not classified as current assets
     under GAAP and that are used or useful in a Permitted Business;

provided, that the application of any Net Proceeds from an Asset Sale that
constitutes a Sale of Collateral or from a Casualty Event in accordance with
clauses (2) through (4) of this Section 4.10(b) shall be used to purchase,
acquire or improve assets that would constitute Collateral; and provided,
further, that the requirements of clauses (2) through (4) of this Section
4.10(b) shall be deemed to be satisfied if a binding agreement committing to
make the acquisitions or expenditures referenced in such clauses is entered into
by the Company or its Restricted Subsidiaries within 365 days after receipt of
any Net Proceeds and such Net Proceeds are applied in accordance with such
agreement; provided, however, that if the Net Proceeds to be applied pursuant to
such agreement are not applied within 180 days of the date of such agreement,
such Net Proceeds shall be considered Excess Proceeds.

     (c) Any Net Proceeds from Asset Sales that are not applied or invested as
provided in Section 4.10(b) hereof will constitute "Excess Proceeds." When the
aggregate amount of Excess Proceeds exceeds $15.0 million, within five days
thereof, the Company will make an Asset Sale Offer to all Holders of Notes and
all holders of other Parity Lien Debt containing provisions similar to those set
forth in this Indenture with respect to offers to purchase or redeem with the
proceeds of sales of assets to purchase the maximum principal amount of Notes
and such other Parity Lien Debt that may be purchased out of the Excess
Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the
principal amount plus accrued and unpaid interest and Liquidated Damages, if
any, to the date of purchase (or, in respect of such Parity Lien Debt, such
lesser price, if only, as may be provided for by the terms of such Parity Lien
Debt), and will be payable in cash. To the extent that the aggregate amount of
Notes and Parity Lien Debt tendered pursuant to an Asset Sale Offer is less than
the Excess Proceeds, the Company may use such deficiency for any purpose not
otherwise prohibited by the Indenture. If the aggregate principal amount of
Notes and Parity Lien Debt tendered into such Asset Sale Offer exceeds the
amount of Excess Proceeds, the Trustee shall select the Notes and such other
Parity Lien Debt to be purchased on a pro rata basis. Upon completion of each
Asset Sale Offer, the amount of Excess Proceeds will be reset at zero.

     (d) The Company will comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with each
repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the
provisions of any securities laws or regulations conflict with Section 3.09
hereof or this Section 4.10, the Company will comply with the applicable
securities laws and regulations and will not be deemed to have breached its
obligations under Section 3.09 hereof or this Section 4.10 by virtue of such
compliance.

Section 4.11 Transactions with Affiliates.

     (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or
assets from, or enter into or make or amend any transaction, contract,
agreement, understanding, loan, advance or guarantee with, or for the benefit
of, any Affiliate of the Company (each an "Affiliate Transaction"), unless:

          (1) the Affiliate Transaction is on terms that are no less favorable
     to the Company or the relevant Restricted Subsidiary than those that would
     have been obtained in a comparable transaction by the Company or such
     Restricted Subsidiary with an unrelated Person; and

                                       64

<PAGE>

          (2) the Company delivers to the Trustee:

               (A) with respect to any Affiliate Transaction or series of
          related Affiliate Transactions involving aggregate consideration in
          excess of $7.5 million, a resolution of the Board of Directors of the
          Company set forth in an Officers' Certificate certifying that such
          Affiliate Transaction complies with clause (1) of this Section 4.11(a)
          and that such Affiliate Transaction has been approved by a majority of
          the disinterested members, if any, of the Board of Directors of the
          Company; and

               (B) with respect to any Affiliate Transaction or series of
          related Affiliate Transactions involving aggregate consideration in
          excess of $20.0 million, an opinion as to the fairness to the Company
          or such Subsidiary of such Affiliate Transaction from a financial
          point of view issued by an accounting, appraisal or investment banking
          firm of national standing.

     (b) The following items will not be deemed to be Affiliate Transactions
and, therefore, will not be subject to the provisions of Section 4.11 (a)
hereof:

          (1) any employment agreement, employee benefit plan, officer, employee
     or director indemnification agreement or any similar arrangement entered
     into by the Company or any of its Restricted Subsidiaries in the ordinary
     course of business and payments pursuant thereto;

          (2) transactions between or among the Company and/or its Restricted
     Subsidiaries;

          (3) transactions with a Person (other than an Unrestricted Subsidiary
     of the Company) that is an Affiliate of the Company solely because the
     Company owns, directly or through a Restricted Subsidiary, an Equity
     Interest in, or controls, such Person;

          (4) payment of reasonable directors' fees to Persons who are not
     otherwise Affiliates of the Company;

          (5) any issuance of Equity Interests (other than Disqualified Stock)
     of the Company to Affiliates of the Company;

          (6) Restricted Payments that do not violate Section 4.07 hereof;

          (7) Permitted Payments to Sponsor;

          (8) loans or advances to employees in the ordinary course of business
     not to exceed $3.0 million in the aggregate at any one time outstanding;
     and

          (9) payments of cash bonuses to officers and employees approved by the
     Board of Directors.

Section 4.12 Liens.

     The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, create, incur, assume or suffer to
exist any Lien of any kind on any asset now owned or hereafter acquired, except
Permitted Liens.

Section 4.13 Business Activities.

                                       65

<PAGE>

     The Company will not, and will not permit any of its Restricted
Subsidiaries to, engage in any business other than Permitted Businesses, except
to such extent as would not be material to the Company and its Restricted
Subsidiaries taken as a whole.

Section 4.14 Corporate Existence.

     Subject to Article 5 hereof, the Company shall do or cause to be done all
things reasonably necessary to preserve and keep in full force and effect:

          (1) its corporate existence, and the corporate, partnership or other
     existence of each of the Guarantors, in accordance with the respective
     organizational documents (as the same may be amended from time to time) of
     the Company or any Guarantor; and

          (2) the material rights (charter and statutory), licenses and
     franchises of the Company and the Guarantors; provided, however, that the
     Company shall not be required to preserve any such right, license or
     franchise, or the corporate, partnership or other existence of any of the
     Guarantors, if the Board of Directors shall determine that the preservation
     thereof, or the existence of such Guarantor, is no longer desirable in the
     conduct of the business of the Company and the Guarantors, taken as a
     whole, and that the loss thereof is not adverse in any material respect to
     the Holders of the Notes.

Section 4.15 Offer to Repurchase Upon Change of Control.

     (a) Upon the occurrence of a Change of Control, the Company will commence,
within the time frame set forth in the last paragraph of Section 4.15(b) hereof,
an offer (a "Change of Control Offer") to each Holder to repurchase all or any
part (equal to $1,000 or an integral multiple of $1,000) of that Holder's Notes
at a purchase price in cash equal to 101% of the aggregate principal amount of
Notes repurchased plus accrued and unpaid interest and Liquidated Damages, if
any, on the Notes repurchased to the date of purchase, subject to the rights of
Holders on the relevant record date to receive interest due on the relevant
interest payment date (the "Change of Control Payment"). Within ten days
following any Change of Control, the Company will mail a notice to each Holder
describing the transaction or transactions that constitute the Change of Control
and stating:

          (1) that the Change of Control Offer is being made pursuant to this
     Section 4.15 and that all Notes tendered will be accepted for payment;

          (2) the purchase price and the purchase date, which shall be no
     earlier than 30 days and no later than 60 days from the date such notice is
     mailed (the "Change of Control Payment Date");

          (3) that any Note not tendered will continue to accrue interest;

          (4) that, unless the Company defaults in the payment of the Change of
     Control Payment, all Notes accepted for payment pursuant to the Change of
     Control Offer will cease to accrue interest after the Change of Control
     Payment Date;

          (5) that Holders electing to have any Notes purchased pursuant to a
     Change of Control Offer will be required to surrender the Notes, with the
     form entitled "Option of Holder to Elect Purchase" attached to the Notes
     completed, or transfer by book-entry transfer, to the Paying Agent at the
     address specified in the notice prior to the close of business on the third
     Business Day preceding the Change of Control Payment Date;

                                       66

<PAGE>

          (6) that Holders will be entitled to withdraw their election if the
     Paying Agent receives, not later than the close of business on the second
     Business Day preceding the Change of Control Payment Date, a telegram,
     telex, facsimile transmission or letter setting forth the name of the
     Holder, the principal amount of Notes delivered for purchase, and a
     statement that such Holder is withdrawing his election to have the Notes
     purchased; and

          (7) that Holders whose Notes are being purchased only in part will be
     issued new Notes equal in principal amount to the unpurchased portion of
     the Notes surrendered, which unpurchased portion must be equal to $1,000 in
     principal amount or an integral multiple thereof.

     The Company will comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change in Control. To the extent that
the provisions of any securities laws or regulations conflict with the
provisions of Section 3.09 hereof or this Section 4.15, the Company will comply
with the applicable securities laws and regulations and will not be deemed to
have breached its obligations under Section 3.09 hereof or this Section 4.15 by
virtue of such compliance.

     (b) On the Change of Control Payment Date, the Company will, to the extent
lawful:

          (1) accept for payment all Notes or portions of Notes properly
     tendered pursuant to the Change of Control Offer;

          (2) deposit with the Paying Agent an amount equal to the Change of
     Control Payment in respect of all Notes or portions of Notes properly
     tendered; and

          (3) deliver or cause to be delivered to the Trustee the Notes properly
     accepted together with an Officers' Certificate stating the aggregate
     principal amount of Notes or portions of Notes being purchased by the
     Company.

     The Paying Agent will promptly mail to each Holder of Notes properly
tendered the Change of Control Payment for such Notes, and the Trustee will
promptly authenticate and mail (or cause to be transferred by book entry) to
each Holder a new Note equal in principal amount to any unpurchased portion of
the Notes surrendered, if any. The Company will publicly announce the results of
the Change of Control Offer on or as soon as practicable after the Change of
Control Payment Date.

     Prior to complying with any of the provisions of this Section 4.15, but in
any event within 90 days following a Change of Control, the Company will either
repay all outstanding Priority Debt or obtain the requisite consents, if any,
under all agreements governing outstanding Priority Debt to permit the
repurchase of Notes required by this Section 4.15.

     (c) Notwithstanding anything to the contrary in this Section 4.15, the
Company will not be required to make a Change of Control Offer upon a Change of
Control if (1) a third party makes the Change of Control Offer in the manner, at
the times and otherwise in compliance with the requirements set forth in Section
3.09 hereof and this Section 4.15 and purchases all Notes properly tendered and
not withdrawn under the Change of Control Offer, or (2) notice of redemption has
been given pursuant to Section 3.07 hereof, unless and until there is a default
in payment of the applicable redemption price.

Section 4.16 Limitation on Issuances and Sales of Equity Interests in
Wholly-Owned Subsidiaries.

                                       67

<PAGE>

     The Company will not, and will not permit any of its Restricted
Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any
Equity Interests in any Wholly-Owned Restricted Subsidiary of the Company to any
Person (other than the Company or a Wholly-Owned Subsidiary of the Company),
unless:

          (1) such transfer, conveyance, sale, lease or other disposition is of
     all the Equity Interests in such Wholly-Owned Restricted Subsidiary; and

          (2) the Net Proceeds from such transfer, conveyance, sale, lease or
     other disposition are applied in accordance with Section 4.10 hereof.

     In addition, the Company will not permit any Wholly-Owned Restricted
Subsidiary of the Company to issue any of its Equity Interests (other than, if
necessary, shares of its Capital Stock constituting directors' qualifying
shares) to any Person other than to the Company or a Wholly-Owned Restricted
Subsidiary of the Company.

Section 4.17 Limitation on Issuances of Guarantees of Indebtedness.

     The Company will not permit any of its Restricted Subsidiaries which is not
a Guarantor, directly or indirectly, to Guarantee or pledge any assets to secure
the payment of any other Indebtedness of the Company unless such Restricted
Subsidiary simultaneously executes and delivers a supplemental indenture to this
Indenture providing for the Guarantee of the payment of the Notes by such
Restricted Subsidiary, which Guarantee will be senior to or pari passu with such
Restricted Subsidiary's Guarantee of or pledge to secure such other
Indebtedness.

     The Note Guarantee of a Guarantor will automatically and unconditionally be
released:

          (1) in connection with any sale or other disposition of all or
     substantially all of the assets of that Guarantor (including by way of
     merger or consolidation) to a Person that is not (either before or after
     giving effect to such transaction) the Company or a Restricted Subsidiary
     of the Company, if the sale or other disposition does not violate Section
     4.10 hereof;

          (2) in connection with any sale or other disposition of all of the
     Capital Stock of that Guarantor (or that Guarantor's direct or indirect
     parent) to a Person that is not (either before or after giving effect to
     such transaction) the Company or a Restricted Subsidiary of the Company, if
     the sale or other disposition does not violate Section 4.10 hereof;

          (3) if the Company designates any Restricted Subsidiary that is a
     Guarantor to be an Unrestricted Subsidiary in accordance with the
     applicable provisions of this Indenture; or

          (4) upon legal defeasance or satisfaction and discharge of this
     Indenture as provided in Section 8.02 and Article 12 hereof.

Section 4.18 Payments for Consent.

     The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration to or for the benefit of any Holder of Notes for or as an
inducement to any consent, waiver or amendment of any of the terms or provisions
of this Indenture or the Notes unless such consideration is offered to be paid
and is paid to all Holders of the Notes that consent, waive or agree to amend in
the time frame set forth in the solicitation documents relating to such consent,
waiver or agreement.

                                       68

<PAGE>

Section 4.19 Additional Note Guarantees.

     If the Company or any of its Restricted Subsidiaries acquires or creates
another Domestic Restricted Subsidiary after the date of this Indenture, then
that newly acquired or created Domestic Restricted Subsidiary will become a
Guarantor and execute a supplemental indenture and deliver an Opinion of Counsel
satisfactory to the Trustee within 30 business days of the date on which it was
acquired or created; provided that any Domestic Restricted Subsidiary that
constitutes an Immaterial Subsidiary need not become a Guarantor until such time
as it ceases to be an Immaterial Subsidiary. The form of such Note Guarantee is
attached as Exhibit E hereto.

Section 4.20 Designation of Restricted and Unrestricted Subsidiaries.

     The Board of Directors of the Company may designate any Restricted
Subsidiary to be an Unrestricted Subsidiary if that designation would not cause
a Default. If a Restricted Subsidiary is designated as an Unrestricted
Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned
by the Company and its Restricted Subsidiaries in the Subsidiary designated as
Unrestricted will be deemed to be an Investment made as of the time of the
designation and will reduce the amount available for Restricted Payments under
Section 4.07 hereof or under one or more clauses of the definition of Permitted
Investments, as determined by the Company. That designation will only be
permitted if the Investment would be permitted at that time and if the
Restricted Subsidiary otherwise meets the definition of an Unrestricted
Subsidiary.

     Any designation of a Subsidiary of the Company as an Unrestricted
Subsidiary will be evidenced to the Trustee by filing with the Trustee a
certified copy of a resolution of the Board of Directors giving effect to such
designation and an Officers' Certificate certifying that such designation
complied with the preceding conditions and was permitted by Section 4.07 hereof.
If, at any time, any Unrestricted Subsidiary would fail to meet the preceding
requirements as an Unrestricted Subsidiary, it will thereafter cease to be an
Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of
such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the
Company as of such date and, if such Indebtedness is not permitted to be
incurred as of such date under Section 4.09 hereof, the Company will be in
default of such covenant. The Board of Directors of the Company may at any time
redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary of the
Company if that redesignation would not cause a Default; provided that such
designation will be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted
Subsidiary and such designation will only be permitted if (1) such Indebtedness
is permitted under Section 4.09 hereof, calculated on a pro forma basis as if
such designation had occurred at the beginning of the four full fiscal quarter
reference period; and (2) no Default or Event of Default would be in existence
following such designation.

                                    ARTICLE 5
                                   SUCCESSORS

Section 5.01 Merger, Consolidation, or Sale of Assets.

     The Company shall not, directly or indirectly: (i) consolidate or merge
with or into another Person (whether or not the Company is the surviving
corporation); or (2) sell, assign, transfer, convey or otherwise dispose of all
or substantially all of the properties or assets of the Company and its
Restricted Subsidiaries taken as a whole, in one or more related transactions,
to another Person, unless:

          (1) either:

                                       69

<PAGE>

               (A) the Company is the surviving corporation; or

               (B) the Person formed by or surviving any such consolidation or
          merger (if other than the Company) or to which such sale, assignment,
          transfer, conveyance or other disposition has been made is a
          corporation organized or existing under the laws of the United States,
          any state of the United States or the District of Columbia;

          (2) the Person formed by or surviving any such consolidation or merger
     (if other than the Company) or the Person to which such sale, assignment,
     transfer, conveyance or other disposition has been made assumes all the
     obligations of the Company under the Notes, this Indenture, the
     Registration Rights Agreement and the Security Documents pursuant to
     agreements reasonably satisfactory to the Trustee;

          (3) immediately after such transaction, no Default or Event of Default
     exists; and

          (4) the Company or the Person formed by or surviving any such
     consolidation or merger (if other than the Company), or to which such sale,
     assignment, transfer, conveyance or other disposition has been made would,
     on the date of such transaction after giving pro forma effect thereto and
     any related financing transactions as if the same had occurred at the
     beginning of the applicable four full fiscal quarter period:

               (A) be permitted to incur at least $1.00 of additional
          Indebtedness pursuant to the Fixed Charge Coverage Ratio test set
          forth in the Section 4.09(a) hereof; or

               (B) have a Fixed Charge Coverage Ratio that is greater than the
          actual Fixed Charge Coverage Ratio of the Issuer immediately prior to
          such transaction.

     In addition, the Company will not, directly or indirectly, lease all or
substantially all of its and its Restricted Subsidiaries, taken as a whole,
properties or assets, in one or more related transactions, to any other Person.

     This Section 5.01 will not apply to:

          (1) a merger of the Company with an Affiliate solely for the purpose
     of reincorporating the Company in another jurisdiction; or

          (2) any consolidation or merger, or any sale, assignment, transfer,
     conveyance, lease or other disposition of assets between or among the
     Company and its Restricted Subsidiaries.

Section 5.02 Successor Corporation Substituted.

     Upon any consolidation or merger, or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the properties or
assets of the Company in a transaction that is subject to, and that complies
with the provisions of, Section 5.01 hereof, the successor Person formed by such
consolidation or into or with which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall
succeed to, and be substituted for (so that from and after the date of such
consolidation, merger, sale, assignment, transfer, lease, conveyance or other
disposition, the provisions of this Indenture referring to the "Company" shall
refer instead to the successor Person and not to the Company), and may exercise
every right and power of the Company under this Indenture with the same effect
as if such successor Person had been named as the Company herein; provided,
however, that the predecessor Company shall not be relieved from the obligation
to pay

                                       70

<PAGE>

the principal of and interest on the Notes except in the case of a sale of all
of the Company's assets in a transaction that is subject to, and that complies
with the provisions of, Section 5.01 hereof.

                                    ARTICLE 6
                              DEFAULTS AND REMEDIES

Section 6.01 Events of Default.

     Each of the following is an "Event of Default":

          (1) default for 30 days in the payment when due of interest on, or
     Liquidated Damages, if any, with respect to, the Notes;

          (2) default in the payment when due (at maturity, upon redemption or
     otherwise) of the principal of, or premium, if any, on, the Notes;

          (3) failure by the Company or any of its Restricted Subsidiaries to
     comply with the provisions of Sections 4.15 or 5.01 hereof;

          (4) failure by the Company or any of its Restricted Subsidiaries for
     60 days after notice to the Company by the Trustee or the Holders of at
     least 25% in aggregate principal amount of the Notes then outstanding
     voting as a single class to comply with any of the other agreements in this
     Indenture or any of the Security Documents;

          (5) default under any mortgage, indenture or instrument under which
     there may be issued or by which there may be secured or evidenced any
     Indebtedness for money borrowed by the Company or any of its Restricted
     Subsidiaries (or the payment of which is guaranteed by the Company or any
     of its Restricted Subsidiaries), whether such Indebtedness or Guarantee now
     exists, or is created after the date of this Indenture, if that default:

               (A) is caused by a failure to pay the principal of such
          Indebtedness at the final Stated Maturity of such Indebtedness (a
          "Payment Default"); or

               (B) results in the acceleration of such Indebtedness prior to its
          express maturity,

     and, in each case, the principal amount of any such Indebtedness, together
     with the principal amount of any other such Indebtedness under which there
     has been a Payment Default or the maturity of which has been so
     accelerated, aggregates $20.0 million or more;

          (6) failure by the Company or any of its Restricted Subsidiaries to
     pay final judgments entered by a court or courts of competent jurisdiction
     aggregating in excess of $20.0 million (net of any amount covered by
     insurance of a reputable and creditworthy insurer that has not contested
     coverage or reserved rights with respect to the underlying claim), which
     judgments are not paid, discharged or stayed for a period of 60 days;

          (7) the occurrence of any of the following:

               (A) except as permitted by this Indenture, any Security Document
          ceases for any reason to be fully enforceable; provided, that it will
          not be an Event of Default under this clause (7)(a) if the sole result
          of the failure of one or more Security Documents to be fully
          enforceable is that any Parity Lien purported to be granted under such
          Security

                                       71

<PAGE>

          Documents on Collateral, individually or in the aggregate, having an
          estimated good faith value of not more than $10.0 million ceases to be
          an enforceable and perfected Lien, subject as to priority only to
          Permitted Prior Liens;

               (B) any Parity Lien purported to be granted under any Security
          Document on Collateral, individually or in the aggregate, having an
          estimated good faith value in excess of $10.0 million ceases to be an
          enforceable and perfected Lien, subject as to priority only to
          Permitted Prior Liens; or

               (C) the Company or any other Pledgor, or any Person acting on
          behalf of any of them, denies or disaffirms, in writing, any
          obligation of the Company or any other Pledgor set forth in or arising
          under any Security Document;

          (8) the Company or any of its Restricted Subsidiaries that is a
     Significant Subsidiary or any group of Restricted Subsidiaries of the
     Company that, taken together, would constitute a Significant Subsidiary
     pursuant to or within the meaning of Bankruptcy Law:

               (A) commences a voluntary case,

               (B) consents to the entry of an order for relief against it in an
          involuntary case,

               (C) consents to the appointment of a custodian of it or for all
          or substantially all of its property,

               (D) makes a general assignment for the benefit of its creditors,
          or

               (E) admits in writing its inability to pay its debts as they
          become due;

          (9) a court of competent jurisdiction enters an order or decree under
     any Bankruptcy Law that:

               (A) is for relief against the Company or any of its Restricted
          Subsidiaries that is a Significant Subsidiary or any group of
          Restricted Subsidiaries of the Company that, taken together, would
          constitute a Significant Subsidiary in an involuntary case;

               (B) appoints a custodian of the Company or any of its Restricted
          Subsidiaries that is a Significant Subsidiary or any group of
          Restricted Subsidiaries of the Company that, taken together, would
          constitute a Significant Subsidiary or for all or substantially all of
          the property of the Company or any of its Restricted Subsidiaries that
          is a Significant Subsidiary or any group of Restricted Subsidiaries of
          the Company that, taken together, would constitute a Significant
          Subsidiary; or

               (C) orders the liquidation of the Company or any of its
          Restricted Subsidiaries that is a Significant Subsidiary or any group
          of Restricted Subsidiaries of the Company that, taken together, would
          constitute a Significant Subsidiary;

          and the order or decree remains unstayed and in effect for 60
          consecutive days;

          (10) except as permitted by this Indenture, any Note Guarantee is held
     in any judicial proceeding to be unenforceable or invalid or ceases for any
     reason to be in full force and effect,

                                       72

<PAGE>

     or any Guarantor, or any Person acting on behalf of any Guarantor, denies
     or disaffirms its obligations under its Note Guarantee.

Section 6.02 Acceleration.

     In the case of an Event of Default specified in clause (8) or (9) of
Section 6.01 hereof, with respect to the Company, any Restricted Subsidiary of
the Company that is a Significant Subsidiary or any group of Restricted
Subsidiaries of the Company that, taken together, would constitute a Significant
Subsidiary, all outstanding Notes will become due and payable immediately
without further action or notice. If any other Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in aggregate principal
amount of the then outstanding Notes may declare all the Notes to be due and
payable immediately.

     Upon any such declaration, the Notes shall become due and payable
immediately.

     The Holders of a majority in aggregate principal amount of the then
outstanding Notes by written notice to the Trustee may, on behalf of all of the
Holders, rescind an acceleration and its consequences, if the rescission would
not conflict with any judgment or decree and if all existing Events of Default
(except nonpayment of principal, interest or premium or Liquidated Damages, if
any, that has become due solely because of the acceleration) have been cured or
waived.

Section 6.03 Other Remedies.

     If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of principal, premium and Liquidated
Damages, if any, and interest on the Notes or to enforce the performance of any
provision of the Notes or this Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of
the Notes or does not produce any of them in the proceeding. A delay or omission
by the Trustee or any Holder of a Note in exercising any right or remedy
accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

Section 6.04 Waiver of Past Defaults.

     Holders of not less than a majority in aggregate principal amount of the
then outstanding Notes by notice to the Trustee may on behalf of the Holders of
all of the Notes waive an existing Default or Event of Default and its
consequences hereunder, except a continuing Default or Event of Default in the
payment of the principal of, premium and Liquidated Damages, if any, or interest
on, the Notes (including in connection with an offer to purchase); provided,
however, that with respect to a Default or Event of Default, other than a
continuing Default or Event of Default in the payment of the principal of,
premium and Liquidated Damages, if any, or interest on, the Notes (including in
connection with an offer to purchase), the Holders of a majority in aggregate
principal amount of the then outstanding Notes may rescind an acceleration and
its consequences, including any related payment default that resulted from such
acceleration. Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured for every
purpose of this Indenture; but no such waiver shall extend to any subsequent or
other Default or impair any right consequent thereon.

Section 6.05 Control by Majority.

                                       73

<PAGE>

     Holders of a majority in aggregate principal amount of the then outstanding
Notes may direct the time, method and place of conducting any proceeding for
exercising any remedy available to the Trustee or exercising any trust or power
conferred on it. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture that the Trustee determines may be unduly
prejudicial to the rights of other Holders of Notes or that may involve the
Trustee in personal liability.

Section 6.06 Limitation on Suits.

     A Holder may pursue a remedy with respect to this Indenture or the Notes
only if:

          (1) such Holder gives to the Trustee written notice that an Event of
     Default is continuing;

          (2) Holders of at least 25% in aggregate principal amount of the then
     outstanding Notes make a written request to the Trustee to pursue the
     remedy;

          (3) such Holder or Holders offer and, if requested, provide to the
     Trustee security or indemnity reasonably satisfactory to the Trustee
     against any loss, liability or expense;

          (4) the Trustee does not comply with the request within 60 days after
     receipt of the request and the offer of security or indemnity; and

          (5) during such 60-day period, Holders of a majority in aggregate
     principal amount of the then outstanding Notes do not give the Trustee a
     direction inconsistent with such request.

     A Holder of a Note may not use this Indenture to prejudice the rights of
another Holder of a Note or to obtain a preference or priority over another
Holder of a Note.

Section 6.07 Rights of Holders of Notes to Receive Payment.

     Notwithstanding any other provision of this Indenture, the right of any
Holder of a Note to receive payment of principal, premium and Liquidated
Damages, if any, and interest on the Note, on or after the respective due dates
expressed in the Note (including in connection with an offer to purchase), or to
bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder;
provided that a Holder shall not have the right to institute any such suit for
the enforcement of payment if and to the extent that the institution or
prosecution thereof or the entry of judgment therein would, under applicable
law, result in the surrender, impairment, waiver or loss of the Lien of this
Indenture upon any property subject to such Lien.

Section 6.08 Collection Suit by Trustee.

     If an Event of Default specified in Section 6.01(1) or (2) hereof occurs
and is continuing, the Trustee is authorized to recover judgment in its own name
and as trustee of an express trust against the Company for the whole amount of
principal of, premium and Liquidated Damages, if any, and interest remaining
unpaid on, the Notes and interest on overdue principal and, to the extent
lawful, interest and such further amount as shall be sufficient to cover the
costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

Section 6.09 Trustee May File Proofs of Claim.

     The Trustee is authorized to file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable

                                       74

<PAGE>

compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and the Holders of the Notes allowed in any judicial proceedings
relative to the Company (or any other obligor upon the Notes), its creditors or
its property and shall be entitled and empowered to collect, receive and
distribute any money or other property payable or deliverable on any such claims
and any custodian in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 7.07 hereof. To the extent that the
payment of any such compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07 hereof out of the estate in any such proceeding, shall be denied
for any reason, payment of the same shall be secured by a Lien on, and shall be
paid out of, any and all distributions, dividends, money, securities and other
properties that the Holders may be entitled to receive in such proceeding
whether in liquidation or under any plan of reorganization or arrangement or
otherwise. Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder, or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding.

Section 6.10 Priorities.

     If the Trustee collects any money pursuant to this Article 6, it shall pay
out the money in the following order:

          First: to the Trustee, its agents and attorneys for amounts due under
     Section 7.07 hereof, including payment of all compensation, expenses and
     liabilities incurred, and all advances made, by the Trustee and the costs
     and expenses of collection;

          Second: to Holders of Notes for amounts due and unpaid on the Notes
     for principal, premium and Liquidated Damages, if any, and interest,
     ratably, without preference or priority of any kind, according to the
     amounts due and payable on the Notes for principal, premium and Liquidated
     Damages, if any and interest, respectively; and

          Third: to the Company or to such party as a court of competent
     jurisdiction shall direct.

     The Trustee may fix a record date and payment date for any payment to
Holders of Notes pursuant to this Section 6.10.

Section 6.11 Undertaking for Costs.

     In any suit for the enforcement of any right or remedy under this Indenture
or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant
in the suit of an undertaking to pay the costs of the suit, and the court in its
discretion may assess reasonable costs, including reasonable attorneys' fees,
against any party litigant in the suit, having due regard to the merits and good
faith of the claims or defenses made by the party litigant. This Section 6.11
does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant
to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate
principal amount of the then outstanding Notes.

                                    ARTICLE 7
                         TRUSTEE AND COLLATERAL TRUSTEE

                                       75

<PAGE>

Section 7.01 Duties of Trustee.

     (a) If an Event of Default has occurred and is continuing, the Trustee will
exercise such of the rights and powers vested in it by this Indenture, and use
the same degree of care and skill in its exercise, as a prudent person would
exercise or use under the circumstances in the conduct of such person's own
affairs.

     (b) Except during the continuance of an Event of Default:

          (1) the duties of the Trustee will be determined solely by the express
     provisions of this Indenture and the Trustee need perform only those duties
     that are specifically set forth in this Indenture and no others, and no
     implied covenants or obligations shall be read into this Indenture against
     the Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness of
     the opinions expressed therein, upon certificates or opinions furnished to
     the Trustee and conforming to the requirements of this Indenture. However,
     the Trustee will examine the certificates and opinions to determine whether
     or not they conform to the requirements of this Indenture.

     (c) The Trustee may not be relieved from liabilities for its own negligent
action, its own negligent failure to act, or its own willful misconduct, except
that:

          (1) this paragraph does not limit the effect of paragraph (b) of this
     Section 7.01;

          (2) the Trustee will not be liable for any error of judgment made in
     good faith by a Responsible Officer, unless it is proved that the Trustee
     was negligent in ascertaining the pertinent facts; and

          (3) the Trustee will not be liable with respect to any action it takes
     or omits to take in good faith in accordance with a direction received by
     it pursuant to Section 6.05 hereof.

     (d) Whether or not therein expressly so provided, every provision of this
Indenture that in any way relates to the Trustee is subject to paragraphs (a),
(b), and (c) of this Section 7.01.

     (e) No provision of this Indenture will require the Trustee to expend or
risk its own funds or incur any liability. The Trustee will be under no
obligation to exercise any of its rights and powers under this Indenture at the
request of any Holders, unless such Holder has offered to the Trustee security
and indemnity satisfactory to it against any loss, liability or expense.

     (f) The Trustee will not be liable for interest on any money received by it
except as the Trustee may agree in writing with the Company. Money held in trust
by the Trustee need not be segregated from other funds except to the extent
required by law.

     (g) In no event shall the Trustee be personally liable (i) for special,
consequential or punitive damages, (ii) for the acts or omissions of its
nominees, correspondents, clearing agencies or securities depositories, (iii)
for the acts or omissions of brokers or dealers, and (iv) for any losses due to
forces beyond the control of the Trustee, including without limitation strikes,
work stoppages, acts of war or terrorism, insurrection, revolution, nuclear or
natural catastrophes or acts of God and interruptions, loss or malfunctions of
utilities, communications or computer (software and hardware) services. The
Trustee

                                       76

<PAGE>

shall have no responsibility for the accuracy of any information provided to the
Holders or any other person that has been obtained from, or provided to the
Trustee by, any other entity.

Section 7.02 Rights of Trustee.

     (a) The Trustee may conclusively rely in good faith upon any document
reasonably believed by it to be genuine and to have been signed or presented by
the proper Person. The Trustee need not investigate any fact or matter stated in
the document.

     (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate or an Opinion of Counsel or both. The Trustee will not be
liable for any action it takes or omits to take in good faith in reliance on
such Officers' Certificate or Opinion of Counsel. The Trustee may consult with
counsel and the written advice of such counsel or any Opinion of Counsel will be
full and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

     (c) The Trustee may act through its attorneys and agents and will not be
responsible for the misconduct or negligence of any agent appointed with due
care.

     (d) The Trustee will not be liable for any action it takes or omits to take
in good faith that it believes to be authorized or within the rights or powers
conferred upon it by this Indenture.

     (e) Unless otherwise specifically provided in this Indenture, any demand,
request, direction or notice from the Company will be sufficient if signed by an
Officer of the Company.

     (f) The Trustee will be under no obligation to exercise any of the rights
or powers vested in it by this Indenture at the request or direction of any of
the Holders unless such Holders have offered to the Trustee reasonable indemnity
or security against the losses, liabilities and expenses that might be incurred
by it in compliance with such request or direction.

Section 7.03 Individual Rights of Trustee.

     The Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise deal with the Company or any Affiliate of the
Company with the same rights it would have if it were not Trustee. However, in
the event that the Trustee acquires any conflicting interest it must eliminate
such conflict within 90 days, apply to the SEC for permission to continue as
trustee (if this Indenture has been qualified under the TIA) or resign. Any
Agent may do the same with like rights and duties. The Trustee is also subject
to Sections 7.10 and 7.11 hereof.

Section 7.04 Trustee's Disclaimer.

     The Trustee will not be responsible for and makes no representation as to
the validity or adequacy of this Indenture or the Notes, it shall not be
accountable for the Company's use of the proceeds from the Notes or any money
paid to the Company or upon the Company's direction under any provision of this
Indenture, it will not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it will not be
responsible for any statement or recital herein or any statement in the Notes or
any other document in connection with the sale of the Notes or pursuant to this
Indenture other than its certificate of authentication.

Section 7.05 Notice of Defaults.

                                       77

<PAGE>

     If a Default or Event of Default occurs and is continuing and to the actual
knowledge of the Trustee, the Trustee will mail to Holders of Notes a notice of
the Default or Event of Default within 90 days after it occurs. Except in the
case of a Default or Event of Default in payment of principal of, premium or
Liquidated Damages, if any, or interest on, any Note, the Trustee may withhold
the notice if and so long as a committee of its Responsible Officers in good
faith determines that withholding the notice is in the interests of the Holders
of the Notes.

Section 7.06 Reports by Trustee to Holders of the Notes.

     (a) Within 60 days after each May 15 beginning with the May 15 following
the date of this Indenture, and for so long as Notes remain outstanding, the
Trustee will mail to the Holders of the Notes a brief report dated as of such
reporting date that complies with TIA Section 313(a) (but if no event described
in TIA Section 313(a) has occurred within the twelve months preceding the
reporting date, no report need be transmitted). The Trustee also will comply
with TIA Section 313(b)(2). The Trustee will also transmit by mail all reports
as required by TIA Section 313(c).

     (b) A copy of each report at the time of its mailing to the Holders of
Notes will be mailed by the Trustee to the Company and filed by the Trustee with
the SEC and each stock exchange on which the Notes are listed in accordance with
TIA Section 313(d). The Company will promptly notify the Trustee when the Notes
are listed on any stock exchange.

Section 7.07 Compensation and Indemnity.

     (a) The Company will pay to the Trustee from time to time reasonable
compensation for its acceptance of this Indenture and services hereunder as
shall be agreed upon in writing by the Company and the Trustee. The Trustee's
compensation will not be limited by any law on compensation of a trustee of an
express trust. The Company will reimburse the Trustee promptly upon request for
all reasonable out-of-pocket disbursements, advances and expenses incurred or
made by it in addition to the compensation for its services. Such expenses will
include the reasonable out-of-pocket fees, disbursements and expenses of the
Trustee's agents and counsel.

     (b) The Company and the Guarantors will jointly and severally indemnify the
Trustee against any and all losses, liabilities, claims, actions, suits, costs
or expenses incurred by it arising out of or in connection with the acceptance
or administration of its duties under this Indenture, including the reasonable
out-of-pocket costs and expenses of enforcing this Indenture against the Company
and the Guarantors (including this Section 7.07) and defending itself against
any claim (whether asserted by the Company, the Guarantors, any Holder or any
other Person) or liability in connection with the exercise or performance of any
of its powers or duties hereunder, except to the extent any such loss, liability
or expense may be attributable to its negligence, willful misconduct or bad
faith. The Trustee will notify the Company promptly of any claim for which it
may seek indemnity. Failure by the Trustee to so notify the Company will not
relieve the Company or any of the Guarantors of their obligations hereunder. The
Company or such Guarantor will defend the claim and the Trustee will cooperate
in the defense. The Trustee may have separate counsel at its own expense (i)
unless the Company fails to assume the defense of such claim, (ii) if there is
an actual conflict of interests or (iii) if there is the potential for the
imposition of criminal liability, in which case the Company will pay the
reasonable fees and expenses of such counsel. Neither the Company nor any
Guarantor need pay for any settlement made without its consent, which consent
will not be unreasonably withheld, conditioned or delayed.

     (c) The obligations of the Company and the Guarantors under this Section
7.07 will survive the satisfaction and discharge of this Indenture and the
resignation or removal of the Trustee.

                                       78

<PAGE>

     (d) To secure the Company's and the Guarantors' payment obligations in this
Section 7.07, the Trustee will have a Lien prior to the Notes on all money or
property held or collected by the Trustee, except that held in trust to pay
principal and interest on particular Notes. Such Lien will survive the
satisfaction and discharge of this Indenture and the resignation or removal of
the Trustee.

     (e) When the Trustee incurs expenses or renders services after an Event of
Default specified in Section 6.01(8) or (9) hereof occurs, the expenses and the
compensation for the services (including the fees and expenses of its agents and
counsel) are intended to constitute expenses of administration under any
Bankruptcy Law.

     (f) The Trustee will comply with the provisions of TIA Section 313(b)(2) to
the extent applicable.

Section 7.08 Replacement of Trustee.

     (a) A resignation or removal of the Trustee and appointment of a successor
Trustee will become effective only upon the successor Trustee's acceptance of
appointment as provided in this Section 7.08.

     (b) The Trustee may resign in writing at any time and be discharged from
the trust hereby created by so notifying the Company at least 30 days in
advance. The Holders of a majority in aggregate principal amount of the then
outstanding Notes may remove the Trustee by so notifying the Trustee and the
Company in writing. The Company may remove the Trustee if:

          (1) the Trustee fails to comply with Section 7.10 hereof;

          (2) the Trustee is adjudged a bankrupt or an insolvent or an order for
     relief is entered with respect to the Trustee under any Bankruptcy Law;

          (3) a custodian or public officer takes charge of the Trustee or its
     property; or

          (4) the Trustee becomes incapable of acting.

     (c) If the Trustee resigns or is removed or if a vacancy exists in the
office of Trustee for any reason, the Company will promptly appoint a successor
Trustee. Within one year after the successor Trustee takes office, the Holders
of a majority in aggregate principal amount of the then outstanding Notes may
appoint a successor Trustee to replace the successor Trustee appointed by the
Company.

     (d) If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee, the Company, or
the Holders of at least 10% in aggregate principal amount of the then
outstanding Notes may petition any court of competent jurisdiction for the
appointment of a successor Trustee.

     (e) If the Trustee, after written request by any Holder who has been a
Holder for at least six months, fails to comply with Section 7.10 hereof, such
Holder may petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee.

     (f) A successor Trustee will deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the
successor Trustee will have all the rights, powers and duties of the Trustee
under this Indenture. The successor Trustee will mail a notice of its succession
to Holders. The retiring Trustee will promptly transfer all property held by it
as Trustee to the successor Trustee; provided all sums owing to the Trustee
hereunder have been paid and subject to the Lien provided for in Section 7.07
hereof.

                                       79

<PAGE>

Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the
Company's obligations under Section 7.07 hereof will continue for the benefit of
the retiring Trustee.

Section 7.09 Successor Trustee by Merger, etc.

     If the Trustee consolidates, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act will be the successor Trustee, so
long as it is eligible to serve as Trustee under Section 7.10 hereof.

Section 7.10 Eligibility; Disqualification.

     There will at all times be a Trustee hereunder that is a corporation
organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate
trustee power, that is subject to supervision or examination by federal or state
authorities and that has a combined capital and surplus of at least $50.0
million as set forth in its most recent published annual report of condition.

     This Indenture will always have a Trustee who satisfies the requirements of
TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section
310(b).

Section 7.11 Preferential Collection of Claims Against Company.

     The Trustee is subject to TIA Section 311(a), excluding any creditor
relationship listed in TIA Section 311(b). A Trustee who has resigned or been
removed shall be subject to TIA Section 311(a) to the extent indicated therein.

Section 7.12 Appointment

     Each Holder agrees to the appointment of Trustee, as the initial trustee
for the benefit of Holders under this Indenture, and to the appointment of
Collateral Trustee as the initial collateral trustee, for the benefit of Holders
under the Collateral Trust Agreement. The Collateral Trustee may act as
collateral trustee, collateral agent or any similar title that the Collateral
Trustee deems necessary or convenient for the purpose of perfecting the security
interests in the Collateral. Each Holder authorizes the Trustee and Collateral
Trustee, as applicable, each in such capacity, through its agents or employees,
to execute and deliver any Note Documents and take such actions on its behalf
under the provisions of this Indenture, the Collateral Trust Agreement and the
other Note Documents and to exercise such powers and perform such duties as are
expressly delegated to such Trustee or Collateral Trustee, as applicable, by the
terms of this Indenture, the Collateral Trust Agreement and the other Note
Documents, together with such actions and powers as are reasonably incidental
thereto.

                                   ARTICLE 8
                    LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance.

     The Company may at any time, at the option of its Board of Directors
evidenced by a resolution set forth in an Officers' Certificate, elect to have
either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon
compliance with the conditions set forth below in this Article 8.

Section 8.02 Legal Defeasance and Discharge.

                                       80

<PAGE>

     Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.02, the Company and each of the Guarantors will,
subject to the satisfaction of the conditions set forth in Section 8.04 hereof,
be deemed to have been discharged from their obligations with respect to all
outstanding Notes (including the Note Guarantees) on the date the conditions set
forth below are satisfied (hereinafter, "Legal Defeasance"). For this purpose,
Legal Defeasance means that the Company and the Guarantors will be deemed to
have paid and discharged the entire Indebtedness represented by the outstanding
Notes (including the Note Guarantees), which will thereafter be deemed to be
"outstanding" only for the purposes of Section 8.05 hereof and the other
Sections of this Indenture referred to in clauses (1) and (2) below, and to have
satisfied all their other obligations under such Notes, the Note Guarantees and
this Indenture (and the Trustee, on demand of and at the expense of the Company,
shall execute proper instruments acknowledging the same), except for the
following provisions which will survive until otherwise terminated or discharged
hereunder:

          (1) the rights of Holders of outstanding Notes to receive payments in
     respect of the principal of, or interest or premium and Liquidated Damages,
     if any, on, such Notes when such payments are due from the trust referred
     to in Section 8.04 hereof;

          (2) the Company's obligations with respect to such Notes under Article
     2 and Section 4.02 hereof;

          (3) the rights, powers, trusts, duties and immunities of the Trustee
     hereunder and the Company's and the Guarantors' obligations in connection
     therewith; and

          (4) this Article 8.

     Subject to compliance with this Article 8, the Company may exercise its
option under this Section 8.02 notwithstanding the prior exercise of its option
under Section 8.03 hereof.

Section 8.03 Covenant Defeasance.

     Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.03, the Company and each of the Guarantors will,
subject to the satisfaction of the conditions set forth in Section 8.04 hereof,
be released from each of their obligations under the covenants contained in
Sections 4.05, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.17, 4.18,
4.19 and 4.20 hereof and clause (4) of Section 5.01 hereof with respect to the
outstanding Notes on and after the date the conditions set forth in Section 8.04
hereof are satisfied (hereinafter, "Covenant Defeasance"), and the Notes will
thereafter be deemed not "outstanding" for the purposes of any direction,
waiver, consent or declaration or act of Holders (and the consequences of any
thereof) in connection with such covenants, but will continue to be deemed
"outstanding" for all other purposes hereunder (it being understood that such
Notes will not be deemed outstanding for accounting purposes). For this purpose,
Covenant Defeasance means that, with respect to the outstanding Notes and Note
Guarantees, the Company and the Guarantors may omit to comply with and will have
no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such
omission to comply will not constitute a Default or an Event of Default under
Section 6.01 hereof, but, except as specified above, the remainder of this
Indenture and such Notes and Note Guarantees will be unaffected thereby. In
addition, upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.03, subject to the satisfaction of the conditions
set forth in Section 8.04 hereof, Sections 6.01(3) through 6.01(5) hereof will
not constitute Events of Default.

Section 8.04 Conditions to Legal or Covenant Defeasance.

                                       81

<PAGE>

     In order to exercise either Legal Defeasance or Covenant Defeasance under
either Section 8.02 or 8.03 hereof:

          (1) the Company must irrevocably deposit with the Trustee, in trust,
     for the benefit of the Holders, cash in U.S. dollars, non-callable
     Government Securities, or a combination thereof, in such amounts as will be
     sufficient, in the opinion of a nationally recognized investment bank,
     appraisal firm, or firm of independent public accountants, to pay the
     principal of, premium and Liquidated Damages, if any, and interest on, the
     outstanding Notes on the stated date for payment thereof or on the
     applicable redemption date, as the case may be, and the Company must
     specify whether the Notes are being defeased to such stated date for
     payment or to a particular redemption date;

          (2) in the case of an election under Section 8.02 hereof, the Company
     must deliver to the Trustee an Opinion of Counsel confirming that:

               (A) the Company has received from, or there has been published
          by, the Internal Revenue Service a ruling; or

               (B) since the date of this Indenture, there has been a change in
          the applicable federal income tax law,

          in either case to the effect that, and based thereon such Opinion of
     Counsel shall confirm that, the Holders of the outstanding Notes will not
     recognize income, gain or loss for federal income tax purposes as a result
     of such Legal Defeasance and will be subject to federal income tax on the
     same amounts, in the same manner and at the same times as would have been
     the case if such Legal Defeasance had not occurred;

          (3) in the case of an election under Section 8.03 hereof, the Company
     must deliver to the Trustee an Opinion of Counsel confirming that the
     Holders of the outstanding Notes will not recognize income, gain or loss
     for federal income tax purposes as a result of such Covenant Defeasance and
     will be subject to federal income tax on the same amounts, in the same
     manner and at the same times as would have been the case if such Covenant
     Defeasance had not occurred;

          (4) no Default or Event of Default shall have occurred and be
     continuing on the date of such deposit (other than a Default or Event of
     Default resulting from the borrowing of funds to be applied to such deposit
     and the granting of Liens in connection therewith) and the deposit will not
     result in a breach or violation of, or constitute a default under, any
     other instrument to which the Company or any Guarantor is a party or by
     which the Company or any Guarantor is bound;

          (5) such Legal Defeasance or Covenant Defeasance will not result in a
     breach or violation of, or constitute a default under, any material
     agreement or instrument (other than this Indenture) to which the Company or
     any of its Subsidiaries is a party or by which the Company or any of its
     Subsidiaries is bound;

          (6) the Company must deliver to the Trustee an Officers' Certificate
     stating that the deposit was not made by the Company with the intent of
     preferring the Holders of Notes over the other creditors of the Company
     with the intent of defeating, hindering, delaying or defrauding any
     creditors of the Company or others; and

                                       82

<PAGE>

          (7) the Company must deliver to the Trustee an Officers' Certificate
     and an Opinion of Counsel, each stating that all conditions precedent
     relating to the Legal Defeasance or the Covenant Defeasance have been
     complied with.

     The Collateral will be released from the Lien securing the notes, as
provided under the Collateral Trust Agreement upon a Legal Defeasance or
Covenant Defeasance in accordance with the provisions in this Article 8.

Section 8.05 Deposited Money and Government Securities to be Held in Trust;
Other Miscellaneous Provisions.

     Subject to Section 8.06 hereof, all money and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.05, the
"Trustee") pursuant to Section 8.04 hereof in respect of the outstanding Notes
will be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company acting as Paying Agent) as the
Trustee may determine, to the Holders of such Notes of all sums due and to
become due thereon in respect of principal, premium and Liquidated Damages, if
any, and interest, but such money need not be segregated from other funds except
to the extent required by law.

     The Company will pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the cash or non-callable Government
Securities deposited pursuant to Section 8.04 hereof or the principal and
interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the outstanding Notes.

     Notwithstanding anything in this Article 8 to the contrary, the Trustee
will deliver or pay to the Company from time to time upon the request of the
Company any money or non-callable Government Securities held by it as provided
in Section 8.04 hereof which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section
8.04(1) hereof), are in excess of the amount thereof that would then be required
to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

Section 8.06 Repayment to Company.

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, premium or Liquidated
Damages, if any, or interest on, any Note and remaining unclaimed for two years
after such principal, premium or Liquidated Damages, if any, or interest has
become due and payable shall be paid to the Company on its request or (if then
held by the Company) will be discharged from such trust; and the Holder of such
Note will thereafter be permitted to look only to the Company for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to
such trust money, and all liability of the Company as trustee thereof, will
thereupon cease; provided, however, that the Trustee or such Paying Agent,
before being required to make any such repayment, may at the expense of the
Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which will not be less than 30 days from the
date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company.

Section 8.07 Reinstatement.

                                       83

<PAGE>

     If the Trustee or Paying Agent is unable to apply any U.S. dollars or
non-callable Government Securities in accordance with Section 8.02 or 8.03
hereof, as the case may be, by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company's and the Guarantors' obligations under this
Indenture and the Notes and the Note Guarantees will be revived and reinstated
as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until
such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.02 or 8.03 hereof, as the case may be; provided,
however, that, if the Company makes any payment of principal of, premium or
Liquidated Damages, if any, or interest on, any Note following the reinstatement
of its obligations, the Company will be subrogated to the rights of the Holders
of such Notes to receive such payment from the money held by the Trustee or
Paying Agent.

                                    ARTICLE 9
                        AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01 Without Consent of Holders of Notes.

     Notwithstanding Section 9.02 of this Indenture, the Company, the Guarantors
and the Trustee may amend or supplement this Indenture or the Notes or the Note
Guarantees without the consent of any Holder of Note:

          (1) to cure any ambiguity, defect or inconsistency;

          (2) to provide for uncertificated Notes in addition to or in place of
     certificated Notes;

          (3) to provide for the assumption of the Company's or a Guarantor's
     obligations to the Holders of the Notes and Note Guarantees by a successor
     to the Company or such Guarantor pursuant to Article 5 or Article 10
     hereof;

          (4) to make any change that would provide any additional rights or
     benefits to the Holders of the Notes or that does not adversely affect the
     legal rights hereunder of any Holder;

          (5) to comply with requirements of the SEC in order to effect or
     maintain the qualification of this Indenture under the TIA;

          (6) to conform the text of this Indenture, the Note Guarantees, the
     Security Documents or the Notes to any provision of the "Description of
     Notes" section of the Company's Offering Memorandum relating to the initial
     offering of the Notes, to the extent that such provision in that
     "Description of Notes" was intended to be a verbatim recitation of a
     provision of this Indenture, the Note Guarantees, the Security Documents or
     the Notes;

          (7) to provide for the issuance of Additional Notes in accordance with
     the limitations set forth in this Indenture as of the date hereof; or

          (8) to allow any Guarantor to execute a supplemental indenture and/or
     a Note Guarantee with respect to the Notes, to add additional Guarantors or
     release Guarantors from Note Guarantees, each in accordance with the terms
     of this Indenture; or

          (9) to make, complete or confirm any grant of Collateral permitted or
     required by this Indenture or any of the Security Documents or any release
     of Collateral that becomes effective as set forth in this Indenture or any
     of the Security Documents.

                                       84

<PAGE>

     Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental
indenture, and upon receipt by the Trustee of the documents described in Section
7.02 hereof, the Trustee will join with the Company and the Guarantors in the
execution of any amended or supplemental indenture authorized or permitted by
the terms of this Indenture and to make any further appropriate agreements and
stipulations that may be therein contained, but the Trustee will not be
obligated to enter into such amended or supplemental indenture that affects its
own rights, duties or immunities under this Indenture or otherwise.

Section 9.02 With Consent of Holders of Notes.

     Except as provided below in this Section 9.02, the Company and the Trustee
may amend or supplement this Indenture (including, without limitation, Sections
3.09, 4.10 and 4.15 hereof) and the Notes and the Note Guarantees with the
consent of the Holders of at least a majority in aggregate principal amount of
the then outstanding Notes (including, without limitation, Additional Notes, if
any) voting as a single class (including, without limitation, consents obtained
in connection with a tender offer or exchange offer for, or purchase of, the
Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or
Event of Default (other than a Default or Event of Default in the payment of the
principal of, premium or Liquidated Damages, if any, or interest on, the Notes,
except a payment default resulting from an acceleration that has been rescinded)
or compliance with any provision of this Indenture or the Notes or the Note
Guarantees may be waived with the consent of the Holders of a majority in
aggregate principal amount of the then outstanding Notes (including, without
limitation, Additional Notes, if any) voting as a single class (including,
without limitation, consents obtained in connection with a tender offer or
exchange offer for, or purchase of, the Notes).

     Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental
indenture, and upon the filing with the Trustee of evidence satisfactory to the
Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by
the Trustee of the documents described in Section 7.02 hereof, the Trustee will
join with the Company and the Guarantors in the execution of such amended or
supplemental indenture unless such amended or supplemental indenture directly
affects the Trustee's own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion, but will not be
obligated to, enter into such amended or supplemental Indenture.

     It is not be necessary for the consent of the Holders of Notes under this
Section 9.02 to approve the particular form of any proposed amendment,
supplement or waiver, but it is sufficient if such consent approves the
substance thereof.

     After an amendment, supplement or waiver under this Section 9.02 becomes
effective, the Company will mail to the Holders of Notes affected thereby a
notice briefly describing the amendment, supplement or waiver. Any failure of
the Company to mail such notice, or any defect therein, will not, however, in
any way impair or affect the validity of any such amended or supplemental
indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a
majority in aggregate principal amount of the Notes then outstanding voting as a
single class may waive compliance in a particular instance by the Company with
any provision of this Indenture or the Notes or the Note Guarantees. However,
without the consent of each Holder affected, an amendment, supplement or waiver
under this Section 9.02 may not (with respect to any Notes held by a
non-consenting Holder):

          (1) reduce the principal amount of Notes whose Holders must consent to
     an amendment, supplement or waiver;

                                       85

<PAGE>

          (2) reduce the principal of or change the fixed maturity of any Note
     or reduce the premium payable upon the redemption of any Note or change the
     time at which any Note may be redeemed (except with respect to repurchases
     required by Sections 4.10 and 4.15 hereof);

          (3) reduce the rate of or change the time for payment of interest,
     including default interest, on any Note;

          (4) waive a Default or Event of Default in the payment of principal
     of, or premium or Liquidated Damages, if any, or interest on, the Notes
     (except a rescission of acceleration of the Notes by the Holders of at
     least a majority in aggregate principal amount of the then outstanding
     Notes and a waiver of the payment default that resulted from such
     acceleration);

          (5) make any Note payable in money other than that stated in the
     Notes;

          (6) make any change in the provisions of this Indenture relating to
     waivers of past Defaults, Events of Default or the rights of Holders of
     Notes to receive payments of principal of, or interest or premium or
     Liquidated Damages, if any, on, the Notes;

          (7) waive a redemption payment payable with respect to any Note (other
     than a payment required by Sections 4.10 or 4.15 hereof);

          (8) release any Guarantor from any of its obligations under its Note
     Guarantee or this Indenture, except in accordance with the terms of this
     Indenture; or

          (9) make any change in the preceding amendment and waiver provisions.

     In addition, any amendment to, or waiver of, the provisions of this
Indenture or any Security Document that has the effect of releasing all or
substantially all of the Collateral from the Liens securing the Notes will
require the consent of the Holders of at least 66-2/3% in aggregate principal
amount of the Notes then outstanding.

Section 9.03 Compliance with Trust Indenture Act.

     Every amendment or supplement to this Indenture or the Notes will be set
forth in a amended or supplemental indenture that complies with the TIA as then
in effect.

Section 9.04 Revocation and Effect of Consents.

     Until an amendment, supplement or waiver becomes effective, a consent to it
by a Holder of a Note is a continuing consent by the Holder of a Note and every
subsequent Holder of a Note or portion of a Note that evidences the same debt as
the consenting Holder's Note, even if notation of the consent is not made on any
Note. However, any such Holder of a Note or subsequent Holder of a Note may
revoke the consent as to its Note if the Trustee receives written notice of
revocation before the date the amendment, supplement or waiver becomes
effective. An amendment, supplement or waiver becomes effective in accordance
with its terms and thereafter binds every Holder.

Section 9.05 Notation on or Exchange of Notes.

     The Trustee may place an appropriate notation about an amendment,
supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee

                                       86

<PAGE>

shall, upon receipt of an Authentication Order, authenticate new Notes that
reflect the amendment, supplement or waiver.

     Failure to make the appropriate notation or issue a new Note will not
affect the validity and effect of such amendment, supplement or waiver.

Section 9.06 Trustee to Sign Amendments, etc.

     The Trustee will sign any amended or supplemental indenture authorized
pursuant to this Article 9 if the amendment or supplement does not adversely
affect the rights, duties, liabilities or immunities of the Trustee. The Company
may not sign an amended or supplemental indenture until the Board of Directors
of the Company approves it. In executing any amended or supplemental indenture,
the Trustee will be entitled to receive and (subject to Section 7.01 hereof)
will be fully protected in relying upon, in addition to the documents required
by Section 13.04 hereof, an Officers' Certificate and an Opinion of Counsel
stating that the execution of such amended or supplemental indenture is
authorized or permitted by this Indenture and that all conditions precedent to
the execution and delivery of such amendment or supplement have been met.

                                   ARTICLE 10
                             COLLATERAL AND SECURITY

Section 10.01 Equal and Ratable Sharing of Collateral by Holders of Parity Lien
Debt.

     Notwithstanding: (1) anything to the contrary contained in the Security
Documents; (2) the time of incurrence of any Series of Parity Lien Debt; (3) the
order or method of attachment or perfection of any Liens securing any Series of
Parity Lien Debt; (4) the time or order of filing or recording of financing
statements, mortgages or other documents filed or recorded to perfect any Lien
upon any Collateral; (5) the time of taking possession or control over any
Collateral; (6) that any Parity Lien may not have been perfected or may be or
have become subordinated, by equitable subordination or otherwise, to any other
Lien; or (7) the rules for determining priority under any law governing relative
priorities of Liens:

     (a) all Parity Liens granted at any time by the Company or any other
Pledgor shall secure, equally and ratably, all present and future Parity Lien
Obligations; and

     (b) all proceeds of all Parity Liens granted at any time by the Company or
any other Pledgor shall be allocated and distributed equally and ratably on
account of the Parity Lien Debt and other Parity Lien Obligations.

     The foregoing provision is intended for the benefit of, and shall be
enforceable as a third party beneficiary by, each present and future holder of
Parity Lien Obligations, each present and future Parity Lien Representative and
the Collateral Trustee as holder of Parity Liens. The Parity Lien Representative
of each future Series of Parity Lien Debt shall be required to deliver a Lien
Sharing and Priority Confirmation to the Collateral Trustee and the Trustee at
the time of incurrence of such Series of Parity Lien Debt.

Section 10.02 Ranking of Parity Liens.

     Notwithstanding: (1) anything to the contrary contained in the Security
Documents; (2) the time of incurrence of any Series of Secured Debt; (3) the
order or method of attachment or perfection of any Liens securing any Series of
Secured Debt; (4) the time or order of filing or recording of financing
statements, mortgages or other documents filed or recorded to perfect any Lien
upon any Collateral; (5)

                                       87

<PAGE>

the time of taking possession or control over any Collateral; (6) that any
Priority Lien may not have been perfected or may be or have become subordinated,
by equitable subordination or otherwise, to any other Lien; or (7) the rules for
determining priority under any law governing relative priorities of Liens, all
Parity Liens at any time granted by the Company or any other Pledgor shall be
subject and subordinate to all Priority Liens securing (i) Priority Lien Debt up
to the Priority Lien Cap and (ii) all other Obligations in respect of Priority
Lien Debt.

     The foregoing provision is intended for the benefit of, and shall be
enforceable as a third party beneficiary by, each present and future holder of
Priority Lien Obligations, each present and future Priority Lien Representative
and the Collateral Trustee as holder of the Priority Liens. No other Person
shall be entitled to rely on, have the benefit of or enforce those provisions.
The Parity Lien Representative of each future Series of Parity Lien Debt shall
be required to deliver a Lien Sharing and Priority Confirmation to the
Collateral Trustee and each Priority Lien Representative at the time of
incurrence of such Series of Parity Lien Debt.

     In addition, the foregoing provision is intended solely to set forth the
relative ranking, as Liens, of the Liens securing Parity Lien Debt as against
the Priority Liens. Neither the Notes, nor any other Parity Lien Obligations nor
the exercise or enforcement of any right or remedy for the payment or collection
thereof are intended to be, or shall ever be by reason of the foregoing
provision, in any respect subordinated, deferred, postponed, restricted or
prejudiced.

Section 10.03 Relative Rights.

     Nothing in the Note Documents shall:

     (a) impair, as between the Company and the Holders of the Notes, the
obligation of the Company to pay principal of, premium and interest and
Liquidated Damages, if any, on the Notes in accordance with their terms or any
other obligation of the Company or any other Pledgor;

     (b) affect the relative rights of Holders of Notes as against any other
creditors of the Company or any other Pledgor (other than holders of Priority
Liens, Permitted Prior Liens or other Parity Liens);

     (c) restrict the right of any Holder of Notes to sue for payments that are
then due and owing (but not enforce any judgment in respect thereof against any
Collateral to the extent specifically prohibited under the Collateral Trust
Agreement);

     (d) restrict or prevent any Holder of Notes, or any other Parity Lien
Obligations, the Collateral Trustee or any Parity Lien Representative from
exercising any of its rights or remedies upon a Default or Event of Default not
specifically restricted or prohibited by the Collateral Trust Agreement; or

     (e) restrict or prevent any Holder of Notes, or any other Parity Lien
Obligations, the Collateral Trustee or any Parity Lien Representative from
taking any lawful action in an insolvency or liquidation proceeding not
specifically restricted or prohibited by the Collateral Trust Agreement.

Section 10.04 Compliance with Trust Indenture Act.

     The Company shall comply with the provisions of TIA Section 314.

     To the extent applicable, the Company shall cause TIA Section 313(b),
relating to reports, and TIA Section 314(d), relating to the release of property
or securities subject to the Lien of the Security Documents, to be complied
with. Any certificate or opinion required by TIA Section 314(d) may be made by
an Officer of the

                                       88

<PAGE>

Company except in cases where TIA Section 314(d) requires that such certificate
or opinion be made by an independent Person, which Person shall be an
independent engineer, appraiser or other expert selected by or reasonably
satisfactory to the Trustee. Notwithstanding anything to the contrary in this
paragraph, the Company shall not be required to comply with all or any portion
of TIA Section 314(d) if it determines, in good faith based on advice of
counsel, that under the terms of TIA Section 314(d) and/or any interpretation or
guidance as to the meaning thereof of the SEC and its staff, including "no
action" letters or exemptive orders, all or any portion of TIA Section 314(d) is
inapplicable to one or a series of released Collateral.

Section 10.05 Further Assurances; Insurance.

     (a) The Company and each of the other Pledgors shall do or cause to be done
all acts and things that may be required, or that the Collateral Trustee from
time to time may reasonably request, to assure and confirm that the Collateral
Trustee holds, for the benefit of the holders of Secured Obligations, duly
created and enforceable and perfected Liens upon the Collateral (including any
property or assets that are acquired or otherwise become Collateral after the
Notes are issued), in each case, as contemplated by, and with the Lien priority
required under, the Secured Debt Documents.

     Upon the reasonable request of the Collateral Trustee or any Secured Debt
Representative at any time and from time to time, the Company and each of the
other Pledgors shall promptly execute, acknowledge and deliver such Security
Documents, instruments, certificates, notices and other documents, and take such
other actions as shall be reasonably required, or that the Collateral Trustee
may reasonably request, to create, perfect, protect, assure or enforce the Liens
and benefits intended to be conferred, in each case as contemplated by the
Secured Debt Documents for the benefit of the holders of Secured Obligations.

     (b) At any time when no Priority Lien Documents are in effect, the Company
and the other Pledgors shall:

          (1) keep their properties adequately insured at all times by
     financially sound and reputable insurers;

          (2) maintain such other insurance, to such extent and against such
     risks (and with such deductibles, retentions and exclusions), including
     fire and other risks insured against by extended coverage and coverage for
     acts of terrorism, as is customary with companies in the same or similar
     businesses operating in the same or similar locations, including public
     liability insurance against claims for personal injury or death or property
     damage occurring upon, in, about or in connection with the use of any
     properties owned, occupied or controlled by them;

          (3) maintain such other insurance as may be required by law;

          (4) maintain title insurance on all real property Collateral insuring
     the Collateral Trustee's Lien on that property, subject only to Permitted
     Prior Liens and other exceptions to title reasonably approved by the
     Collateral Trustee; provided that title insurance need only be maintained
     on any particular parcel of real property if and to the extent title
     insurance is maintained in respect of Priority Liens on that property; and

          (5) maintain such other insurance as may be required by the Security
     Documents.

     (c) Upon the request of the Collateral Trustee, the Company and the other
Pledgors shall furnish to the Collateral Trustee full information as to their
property and liability insurance carriers. The Collateral Trustee, as agent for
the holders of Secured Obligations, as a class, shall be named as additional

                                       89

<PAGE>

insured on all insurance policies of the Company and the other Pledgors and the
Collateral Trustee shall be named as loss payee, with 30 days' notice of
cancellation or, if provided to the Company, notice of material change, on all
property and casualty insurance policies of the Company and the other Pledgors.

Section 10.06 Release of Liens in Respect of Notes.

     The Collateral Trustee's Parity Liens upon the Collateral shall no longer
secure the Notes outstanding under this Indenture or any other Obligations under
this Indenture, and the right of the Holders of the Notes and such Obligations
to the benefits and proceeds of the Collateral Trustee's Parity Liens on the
Collateral shall terminate and be discharged:

     (a) upon satisfaction and discharge of this Indenture as set forth under
Article 12 hereof;

     (b) upon a Legal Defeasance or Covenant Defeasance of the Notes as set
forth under Article 8 hereof;

     (c) upon payment in full and discharge of all Notes outstanding under this
Indenture and all Obligations that are outstanding, due and payable under this
Indenture at the time the Notes are paid in full and discharged; or

     (d) in whole or in part, with the consent of the Holders of the requisite
percentage of Notes in accordance with Article 9 hereof.

                                   ARTICLE 11
                                 NOTE GUARANTEES

Section 11.01 Guarantee.

     (a) Subject to this Article 11, each of the Guarantors hereby, jointly and
severally, unconditionally guarantees to each Holder of a Note authenticated and
delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of this Indenture, the Notes or
the obligations of the Company hereunder or thereunder, that:

          (1) the principal of, premium and Liquidated Damages, if any, and
     interest on, the Notes will be promptly paid in full when due, whether at
     maturity, by acceleration, redemption or otherwise, and interest on the
     overdue principal of and interest on the Notes, if any, if lawful, and all
     other obligations of the Company to the Holders or the Trustee hereunder or
     thereunder will be promptly paid in full or performed, all in accordance
     with the terms hereof and thereof; and

          (2) in case of any extension of time of payment or renewal of any
     Notes or any of such other obligations, that same will be promptly paid in
     full when due or performed in accordance with the terms of the extension or
     renewal, whether at stated maturity, by acceleration or otherwise.

     Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors will be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a
guarantee of payment and not a guarantee of collection.

     (b) The Guarantors hereby agree that their obligations hereunder are
unconditional, irrespective of the validity, regularity or enforceability of the
Notes or this Indenture, the absence of any action to enforce the same, any
waiver or consent by any Holder of the Notes with respect to any provisions
hereof

                                       90

<PAGE>

or thereof, the recovery of any judgment against the Company, any action to
enforce the same or any other circumstance which might otherwise constitute a
legal or equitable discharge or defense of a guarantor. Each Guarantor hereby
waives diligence, presentment, demand of payment, filing of claims with a court
in the event of insolvency or bankruptcy of the Company, any right to require a
proceeding first against the Company, protest, notice and all demands whatsoever
and covenant that this Note Guarantee will not be discharged except by complete
performance of the obligations contained in the Notes and this Indenture.

     (c) If any Holder or the Trustee is required by any court or otherwise to
return to the Company, the Guarantors or any custodian, trustee, liquidator or
other similar official acting in relation to either the Company or the
Guarantors, any amount paid by either to the Trustee or such Holder, this Note
Guarantee, to the extent theretofore discharged, will be reinstated in full
force and effect.

     (d) Each Guarantor agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed
hereby until payment in full of all obligations guaranteed hereby. Each
Guarantor further agrees that, as between the Guarantors, on the one hand, and
the Holders and the Trustee, on the other hand, (1) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article 6 hereof
for the purposes of this Note Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (2) in the event of any declaration of acceleration of
such obligations as provided in Article 6 hereof, such obligations (whether or
not due and payable) will forthwith become due and payable by the Guarantors for
the purpose of this Note Guarantee. The Guarantors will have the right to seek
contribution from any non-paying Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the Note Guarantee.

Section 11.02 Limitation on Guarantor Liability.

     Each Guarantor, and by its acceptance of Notes, each Holder, hereby
confirms that it is the intention of all such parties that the Note Guarantee of
such Guarantor not constitute a fraudulent transfer or conveyance for purposes
of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent
Transfer Act or any similar federal or state law to the extent applicable to any
Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders
and the Guarantors hereby irrevocably agree that the obligations of such
Guarantor will be limited to the maximum amount that will, after giving effect
to such maximum amount and all other contingent and fixed liabilities of such
Guarantor that are relevant under such laws, and after giving effect to any
collections from, rights to receive contribution from or payments made by or on
behalf of any other Guarantor in respect of the obligations of such other
Guarantor under this Article 11, result in the obligations of such Guarantor
under its Note Guarantee not constituting a fraudulent transfer or conveyance.

Section 11.03 Execution and Delivery of Note Guarantee.

     To evidence its Note Guarantee set forth in Section 11.01 hereof, each
Guarantor hereby agrees that a notation of such Note Guarantee substantially in
the form attached as Exhibit E hereto will be endorsed by an Officer of such
Guarantor on each Note authenticated and delivered by the Trustee and that this
Indenture will be executed on behalf of such Guarantor by one of its Officers.

     Each Guarantor hereby agrees that its Note Guarantee set forth in Section
11.01 hereof will remain in full force and effect notwithstanding any failure to
endorse on each Note a notation of such Note Guarantee.

                                       91

<PAGE>

     If an Officer whose signature is on this Indenture or on the Note Guarantee
no longer holds that office at the time the Trustee authenticates the Note on
which a Note Guarantee is endorsed, the Note Guarantee will be valid
nevertheless.

     The delivery of any Note by the Trustee, after the authentication thereof
hereunder, will constitute due delivery of the Note Guarantee set forth in this
Indenture on behalf of the Guarantors.

Section 11.04 Guarantors May Consolidate, etc., on Certain Terms.

     Except as otherwise provided in Section 11.05 hereof, no Guarantor may sell
or otherwise dispose of all or substantially all of its assets to, or
consolidate with or merge with or into (whether or not such Guarantor is the
surviving Person) another Person, other than the Company or another Guarantor,
unless:

          (1) immediately after giving effect to such transaction, no Default or
     Event of Default exists; and

          (2) either:

               (A) subject to Section 11.05 hereof, the Person acquiring the
          property in any such sale or disposition or the Person formed by or
          surviving any such consolidation or merger unconditionally assumes all
          the obligations of that Guarantor under this Indenture, its Note
          Guarantee and the Registration Rights Agreement on the terms set forth
          herein or therein, pursuant to a supplemental indenture in form and
          substance reasonably satisfactory to the Trustee; or

               (B) the Net Proceeds of such sale or other disposition are
          applied in accordance with the applicable provisions of this
          Indenture, including without limitation, Section 4.10 hereof.

     In case of any such consolidation, merger, sale or conveyance and upon the
assumption by the successor Person, by supplemental indenture, executed and
delivered to the Trustee and satisfactory in form to the Trustee, of the Note
Guarantee endorsed upon the Notes and the due and punctual performance of all of
the covenants and conditions of this Indenture to be performed by the Guarantor,
such successor Person will succeed to and be substituted for the Guarantor with
the same effect as if it had been named herein as a Guarantor. Such successor
Person thereupon may cause to be signed any or all of the Note Guarantees to be
endorsed upon all of the Notes issuable hereunder which theretofore shall not
have been signed by the Company and delivered to the Trustee. All the Note
Guarantees so issued will in all respects have the same legal rank and benefit
under this Indenture as the Note Guarantees theretofore and thereafter issued in
accordance with the terms of this Indenture as though all of such Note
Guarantees had been issued at the date of the execution hereof.

     Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses
2(a) and (b) above, nothing contained in this Indenture or in any of the Notes
will prevent any consolidation or merger of a Guarantor with or into the Company
or another Guarantor, or will prevent any sale or conveyance of the property of
a Guarantor as an entirety or substantially as an entirety to the Company or
another Guarantor.

Section 11.05 Releases.

     (a) In the event of any sale or other disposition of all or substantially
all of the assets of any Guarantor, by way of merger, consolidation or
otherwise, or a sale or other disposition of all of the Capital Stock of any
Guarantor, in each case to a Person that is not (either before or after giving
effect to

                                       92

<PAGE>

such transactions) the Company or a Restricted Subsidiary of the Company, then
such Guarantor (in the event of a sale or other disposition, by way of merger,
consolidation or otherwise, of all of the Capital Stock of such Guarantor) or
the corporation acquiring the property (in the event of a sale or other
disposition of all or substantially all of the assets of such Guarantor) will be
released and relieved of any obligations under its Note Guarantee; provided that
the Net Proceeds of such sale or other disposition are applied in accordance
with the applicable provisions of this Indenture, including without limitation
Section 4.10 hereof. Upon delivery by the Company to the Trustee of an Officers'
Certificate and an Opinion of Counsel to the effect that such sale or other
disposition was made by the Company in accordance with the provisions of this
Indenture, including without limitation Section 4.10 hereof, the Trustee will
execute any documents reasonably required in order to evidence the release of
any Guarantor from its obligations under its Note Guarantee.

     (b) Upon designation of any Guarantor as an Unrestricted Subsidiary in
accordance with the terms of this Indenture, such Guarantor will be released and
relieved of any obligations under its Note Guarantee. The Trustee will execute
any documents reasonably required in order to evidence the release of any
Guarantor from its obligations under its Note Guarantee.

     (c) Upon Legal Defeasance in accordance with Article 8 hereof or
satisfaction and discharge of this Indenture in accordance with Article 12
hereof, each Guarantor will be released and relieved of any obligations under
its Note Guarantee. The Trustee will execute any documents reasonably required
in order to evidence the release of any Guarantor from its obligations under its
Note Guarantee.

     Any Guarantor not released from its obligations under its Note Guarantee as
provided in this Section 11.05 will remain liable for the full amount of
principal of and interest and premium and Liquidated Damages, if any, on the
Notes and for the other obligations of any Guarantor under this Indenture as
provided in this Article 11.

                                   ARTICLE 12
                           SATISFACTION AND DISCHARGE

Section 12.01 Satisfaction and Discharge.

     This Indenture will be discharged and will cease to be of further effect as
to all Notes issued hereunder, when:

          (1) either:

               (A) all Notes that have been authenticated, except lost, stolen
          or destroyed Notes that have been replaced or paid and Notes for whose
          payment money has theretofore been deposited in trust and thereafter
          repaid to the Company, have been delivered to the Trustee for
          cancellation; or

               (B) all Notes that have not been delivered to the Trustee for
          cancellation have become due and payable by reason of the mailing of a
          notice of redemption or otherwise or will become due and payable
          within one year and the Company or any Guarantor has irrevocably
          deposited or caused to be deposited with the Trustee as trust funds in
          trust solely for the benefit of the Holders, cash in U.S. dollars,
          non-callable Government Securities, or a combination thereof, in such
          amounts as will be sufficient, without consideration of any
          reinvestment of interest, to pay and discharge the entire Indebtedness
          on the Notes not delivered to the Trustee for cancellation for
          principal,

                                       93

<PAGE>

          premium and Liquidated Damages, if any, and accrued interest to the
          date of maturity or redemption;

          (2) no Default or Event of Default has occurred and is continuing on
     the date of such deposit as a result of the Company's failure to comply
     with Section 4.15 hereof and the deposit will not result in a breach or
     violation of, or constitute a default under, any other instrument to which
     the Company or any Guarantor is a party or by which the Company or any
     Guarantor is bound;

          (3) the Company or any Guarantor has paid or caused to be paid all
     sums payable by it under this Indenture; and

          (4) the Company has delivered irrevocable instructions to the Trustee
     under this Indenture to apply the deposited money toward the payment of the
     Notes at maturity or on the redemption date, as the case may be.

In addition, the Company must deliver an Officers' Certificate and an Opinion of
Counsel to the Trustee stating that all conditions precedent to satisfaction and
discharge have been satisfied.

     Notwithstanding the satisfaction and discharge of this Indenture, if money
has been deposited with the Trustee pursuant to subclause (B) of clause (1) of
this Section 12.01, the provisions of Sections 12.02 and 8.06 hereof will
survive. In addition, nothing in this Section 12.01 will be deemed to discharge
those provisions of Section 7.07 hereof, that, by their terms, survive the
satisfaction and discharge of this Indenture.

Section 12.02 Application of Trust Money.

     Subject to the provisions of Section 8.06 hereof, all money deposited with
the Trustee pursuant to Section 12.01 hereof shall be held in trust and applied
by it, in accordance with the provisions of the Notes and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium and Liquidated Damages, if any)
and interest for whose payment such money has been deposited with the Trustee;
but such money need not be segregated from other funds except to the extent
required by law.

     If the Trustee or Paying Agent is unable to apply any money or Government
Securities in accordance with Section 12.01 hereof by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, the
Company's and any Guarantor's obligations under this Indenture and the Notes
shall be revived and reinstated as though no deposit had occurred pursuant to
Section 12.01 hereof; provided that if the Company has made any payment of
principal of, premium or Liquidated Damages, if any, or interest on, any Notes
because of the reinstatement of its obligations, the Company shall be subrogated
to the rights of the Holders of such Notes to receive such payment from the
money or Government Securities held by the Trustee or Paying Agent.

                                   ARTICLE 13
                                  MISCELLANEOUS

Section 13.01 Trust Indenture Act Controls.

                                       94

<PAGE>

     If any provision of this Indenture limits, qualifies or conflicts with the
duties imposed by TIA Section 318(c), the imposed duties will control.

Section 13.02 Notices.

     Any notice or communication by the Company, any Guarantor or the Trustee to
the others is duly given if in writing and delivered in Person or by first class
mail (registered or certified, return receipt requested), facsimile transmission
or overnight air courier guaranteeing next day delivery, to the others' address:

     If to the Company and/or any Guarantor:

     Builders FirstSource Inc.
     2001 Bryan Street, Suite 1600
     Dallas, TX 75201
     Facsimile No.: (214) 880-3599
     Attention: General Counsel

     With a copy to:

     Skadden, Arps, Slate, Meagher & Flom LLP
     One Rodney Square, 7th Floor
     Facsimile No.: (888) 329-3021
     Attention: Allison L. Amorison, Esq.

     If to the Trustee:

     Wilmington Trust Company
     Rodney Square North
     1100 North Market Street
     Wilmington, DE 19890-1600
     Facsimile No.: (302) 636-4140
     Attention: Corporate Trust Administration

     The Company, any Guarantor or the Trustee, by notice to the others, may
designate additional or different addresses for subsequent notices or
communications.

     All notices and communications (other than those sent to Holders) will be
deemed to have been duly given: at the time delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and
the next Business Day after timely delivery to the courier, if sent by overnight
air courier guaranteeing next day delivery.

     Any notice or communication to a Holder will be mailed by first class mail,
certified or registered, return receipt requested, or by overnight air courier
guaranteeing next day delivery to its address shown on the register kept by the
Registrar. Any notice or communication will also be so mailed to any Person
described in TIA Section 313(c), to the extent required by the TIA. Failure to
mail a notice or communication to a Holder or any defect in it will not affect
its sufficiency with respect to other Holders.

                                       95

<PAGE>

     If a notice or communication is mailed in the manner provided above within
the time prescribed, it is duly given, whether or not the addressee receives it.

     If the Company mails a notice or communication to Holders, it will mail a
copy to the Trustee and each Agent at the same time.

Section 13.03 Communication by Holders of Notes with Other Holders of Notes.

     Holders may communicate pursuant to TIA Section 312(b) with other Holders
with respect to their rights under this Indenture or the Notes. The Company, the
Trustee, the Registrar and anyone else shall have the protection of TIA Section
312(c).

Section 13.04 Certificate and Opinion as to Conditions Precedent.

     Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee:

          (1) an Officers' Certificate in form and substance reasonably
     satisfactory to the Trustee (which must include the statements set forth in
     Section 12.05 hereof) stating that, in the opinion of the signers, all
     conditions precedent and covenants, if any, provided for in this Indenture
     relating to the proposed action have been satisfied; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee (which must include the statements set forth in
     Section 13.05 hereof) stating that, in the opinion of such counsel, all
     such conditions precedent and covenants have been satisfied.

Section 13.05 Statements Required in Certificate or Opinion.

     Each certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture (other than a certificate provided
pursuant to TIA Section 314(a)(4)) must comply with the provisions of TIA
Section 314(e) and must include:

          (1) a statement that the Person making such certificate or opinion has
     read such covenant or condition;

          (2) a brief statement as to the nature and scope of the examination or
     investigation upon which the statements or opinions contained in such
     certificate or opinion are based;

          (3) a statement that, in the opinion of such Person, he or she has
     made such examination or investigation as is necessary to enable him or her
     to express an informed opinion as to whether or not such covenant or
     condition has been satisfied; and

          (4) a statement as to whether or not, in the opinion of such Person,
     such condition or covenant has been satisfied.

Section 13.06 Rules by Trustee and Agents.

     The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions.

Section 13.07 No Personal Liability of Directors, Officers, Employees and
Stockholders.

                                       96

<PAGE>

     No past, present or future director, officer, employee, incorporator or
stockholder of the Company or any Guarantor, as such, will have any liability
for any obligations of the Company or the Guarantors under the Notes, this
Indenture, the Note Guarantees, the Note Documents or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of
Notes by accepting a Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes. The waiver may
not be effective to waive liabilities under the federal securities laws.

Section 13.08 Governing Law.

     THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO
CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT
TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

Section 13.09 No Adverse Interpretation of Other Agreements.

     This Indenture may not be used to interpret any other indenture, loan or
debt agreement of the Company or its Subsidiaries or of any other Person. Any
such indenture, loan or debt agreement may not be used to interpret this
Indenture.

Section 13.10 Successors.

     All agreements of the Company in this Indenture and the Notes will bind its
successors. All agreements of the Trustee in this Indenture will bind its
successors. All agreements of each Guarantor in this Indenture will bind its
successors, except as otherwise provided in Section 11.05 hereof.

Section 13.11 Severability.

     In case any provision in this Indenture or in the Notes is invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining
provisions will not in any way be affected or impaired thereby.

Section 13.12 Counterpart Originals.

     The parties may sign any number of copies of this Indenture. Each signed
copy will be an original, but all of them together represent the same agreement.

Section 13.13 Table of Contents, Headings, etc.

     The Table of Contents, Cross-Reference Table and Headings of the Articles
and Sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part of this Indenture and will in no way
modify or restrict any of the terms or provisions hereof.

                         [Signatures on following page]

                                       97

<PAGE>

                                   SIGNATURES

                                        BUILDERS FIRSTSOURCE, INC.,
                                        a Delaware Corporation

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - NORTHEAST GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - TEXAS GENPAR,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - MBS, LLC,
                                        a Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Andrew T. Panaccione
                                            ------------------------------------
                                            Name:  Andrew T. Panaccione
                                            Title: Vice President and Secretary

                                        BUILDERS FIRSTSOURCE - TEXAS GROUP,
                                        L.P., a Texas limited partnership, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                          (Signature page to Indenture)

<PAGE>

                                        BFS TEXAS, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - SOUTH TEXAS,
                                        L.P., a Texas limited partnership as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - TEXAS INSTALLED
                                        SALES, L.P., a Texas limited
                                        partnership, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BFS IP, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - INTELLECTUAL
                                        PROPERTY, L.P., a Texas limited
                                        partnership, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                          (Signature page to Indenture)

<PAGE>

                                        BUILDERS FIRSTSOURCE HOLDINGS, INC., a
                                        Delaware corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - DALLAS, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - FLORIDA, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - FLORIDA DESIGN
                                        CENTER, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - OHIO VALLEY, LLC,
                                        a Delaware limited liability company,
                                        as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                          (Signature page to Indenture)

<PAGE>

                                        BFS, LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - ATLANTIC GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE OF NASHVILLE, INC.,
                                        a Tennessee corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - SOUTHEAST GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - SNC, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                          (Signature page to Indenture)

<PAGE>

                                        CCWP, INC., a South Carolina close
                                        corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - RALEIGH, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - COLORADO GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - COLORADO, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE FINANCING, INC., a
                                        Delaware corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                          (Signature page to Indenture)

<PAGE>

                                        WILMINGTON TRUST COMPANY

                                        By: /s/ Kathleen A. Pedelini
                                            ------------------------------------
                                            Name:  Kathleen A. Pedelini
                                            Title: Financial Services Officer

                          (Signature page to Indenture)

<PAGE>

                                 [Face of Note]

================================================================================

                                                         CUSIP/CINS ____________

           Second Priority Senior Secured Floating Rate Notes due 2012

No. ___                                                            $____________

                                [NAME OF COMPANY]

promises to pay to [______________] or registered assigns,

the principal sum of _________________________________________________ DOLLARS
on February 15, 2012.

Interest Payment Dates: February 15, May 15, August 15 and November 15

Record Dates: February 1, May 1, August 1 and November 1

Dated: _________________

                                        [NAME OF COMPANY]

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

This is one of the Notes referred to in the within-mentioned Indenture:

[TRUSTEE],
as Trustee

By:
    ------------------------------------
          Authorized Signatory

================================================================================

                                      A1-1

<PAGE>

                                 [Back of Note]
           Second Priority Senior Secured Floating Rate Notes due 2012

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS
GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT") AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING
SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE
HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS
DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A "QIB"), (B) IT IS NOT A U.S.
PERSON, IS NOT ACQUIRING THIS NOTE FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON
AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH
REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL "ACCREDITED
INVESTOR" (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER
THE SECURITIES ACT) (AN "IAI"), (2) AGREES THAT IT WILL NOT, WITHIN THE TIME
PERIOD REFERRED TO UNDER RULE 144(k) (TAKING INTO ACCOUNT THE PROVISIONS OF RULE
144(d) UNDER THE SECURITIES ACT, IF APPLICABLE) UNDER THE SECURITIES ACT AS IN
EFFECT ON THE DATE OF THE TRANSFER OF THIS NOTE, RESELL OR OTHERWISE TRANSFER
THIS NOTE EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A PERSON
WHOM THE HOLDER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QIB IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,
(C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE
904 UNDER THE

                                      A1-2

<PAGE>

SECURITIES ACT, (D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE
144 UNDER THE SECURITIES ACT (IF AVAILABLE), (E) TO AN IAI THAT, PRIOR TO SUCH
TRANSFER, FURNISHES TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN
REPRESENTATIONS AND AGREEMENTS RELATING TO THE REGISTRATION OF TRANSFER OF THIS
NOTE (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH
TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES AT THE TIME OF
TRANSFER OF LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY
THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT OR (F) PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE,
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, AND (3) AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A
NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY
TRANSFER OF THIS NOTE OR ANY INTEREST HEREIN WITHIN THE TIME PERIOD REFERRED TO
ABOVE, THE HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE REVERSE HEREOF
RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE
TRUSTEE. AS USED HEREIN, THE TERMS "OFFSHORE TRANSACTION," "UNITED STATES" AND
"U.S. PERSON" HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER
THE SECURITIES ACT. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO
REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING
RESTRICTIONS.

     Capitalized terms used herein have the meanings assigned to them in the
Indenture referred to below unless otherwise indicated.

          (1) INTEREST. [Name of Company], a Delaware corporation (the
     "Company"), promises to pay interest on the principal amount of this Note
     at a rate equal to the LIBOR Rate plus 4.25% from February 11, 2005 until
     maturity and shall pay the Liquidated Damages, if any, payable pursuant to
     Section 4 of the Registration Rights Agreement referred to below. The LIBOR
     Rate will be reset quarterly. The LIBOR Rate for the first quarterly period
     ending on _________ will be ___%, and the applicable interest rate for the
     first quarterly period ending on _________ will be ___% per annum. The
     Company will pay interest and Liquidated Damages, if any, quarterly in
     arrears on February 15, May 15, August 15 and November 15 of each year, or
     if any such day is not a Business Day, on the next succeeding Business Day
     (each, an "Interest Payment Date"). Interest on the Notes will accrue from
     the most recent date to which interest has been paid or, if no interest has
     been paid, from the date of issuance; provided that if there is no existing
     Default in the payment of interest, and if this Note is authenticated
     between a record date referred to on the face hereof and the next
     succeeding Interest Payment Date, interest shall accrue from such next
     succeeding Interest Payment Date; provided further that the first Interest
     Payment Date shall be __________. The Company will pay interest (including
     post-petition interest in any proceeding under any Bankruptcy Law) on
     overdue principal and premium, if any, from time to time on demand at a
     rate that is 1% per annum in excess of the rate then in effect to the
     extent lawful; it will pay interest (including post-petition interest in
     any proceeding under any Bankruptcy Law) on overdue installments of
     interest and Liquidated Damages, if any, (without regard to any applicable
     grace periods) from time to time on demand at the same rate to the extent
     lawful. Interest will be computed on the basis of a 360-day year of twelve
     30-day months.

          (2) METHOD OF PAYMENT. The Company will pay interest on the Notes
     (except defaulted interest) and Liquidated Damages, if any, to the Persons
     who are registered Holders of Notes at the close of business on the
     February 1, May 1, August 1 or November 1 next preceding the Interest
     Payment Date, even if such Notes are canceled after such record date and on
     or before

                                      A1-3

<PAGE>

     such Interest Payment Date, except as provided in Section 2.12 of the
     Indenture with respect to defaulted interest. The Notes will be payable as
     to principal, premium and Liquidated Damages, if any, and interest at the
     office or agency of the Company maintained for such purpose, or, at the
     option of the Company, payment of interest and Liquidated Damages, if any,
     may be made by check mailed to the Holders at their addresses set forth in
     the register of Holders; provided that payment by wire transfer of
     immediately available funds will be required with respect to principal of
     and interest, premium and Liquidated Damages, if any, on all Global Notes
     and all other Notes the Holders of which will have provided wire transfer
     instructions to the Company or the Paying Agent. Such payment will be in
     such coin or currency of the United States of America as at the time of
     payment is legal tender for payment of public and private debts.

          (3) PAYING AGENT AND REGISTRAR. Initially, _____________, the Trustee
     under the Indenture, will act as Paying Agent and Registrar. The Company
     may change any Paying Agent or Registrar without notice to any Holder. The
     Company or any of its Subsidiaries may act in any such capacity.

          (4) INDENTURE AND SECURITY DOCUMENTS. The Company issued the Notes
     under an Indenture dated as of February 11, 2005 (the "Indenture") among
     the Company, the Guarantors and the Trustee. The terms of the Notes include
     those stated in the Indenture and those made part of the Indenture by
     reference to the TIA. THE NOTES ARE SUBJECT TO ALL SUCH TERMS, AND HOLDERS
     ARE REFERRED TO THE INDENTURE AND SUCH ACT FOR A STATEMENT OF SUCH TERMS.
     TO THE EXTENT ANY PROVISION OF THIS NOTE CONFLICTS WITH THE EXPRESS
     PROVISIONS OF THE INDENTURE, THE PROVISIONS OF THE INDENTURE SHALL GOVERN
     AND BE CONTROLLING. The Notes are secured obligations of the Company. The
     Notes are secured by a second priority lien on substantially all of the
     Company's assets pursuant to the Security Documents referred to in the
     Indenture. In addition, until an initial public offering of the Company's
     common stock, the Notes are secured by the pledge by JLL Building Products,
     LLC of all of the Company's capital stock that it owns, on a second
     priority basis, until an initial public offering of the Company's common
     stock pursuant to the Pledge Agreement as defined in the Indenture. The
     Indenture does not limit the aggregate principal amount of Notes that may
     be issued thereunder.

          (5) OPTIONAL REDEMPTION.

               (a) Except as set forth in subparagraphs (b) and (c) of this
     Paragraph 5, the Company will not have the option to redeem the Notes prior
     to February 15, 2007. On or after February 15, 2007, the Company may redeem
     all or a part of the Notes upon not less than 30 nor more than 60 days'
     notice, at the redemption prices (expressed as percentages of principal
     amount) set forth below plus accrued and unpaid interest and Liquidated
     Damages, if any, on the Notes redeemed, to the applicable redemption date,
     if redeemed during the twelve-month period beginning on February 15 of the
     years indicated below, subject to the rights of Holders on the relevant
     record date to receive interest on the relevant interest payment date:

<TABLE>
<CAPTION>
     Year                      Percentage
     ----                      ----------
<S>                            <C>
     2007 ..................    102.000%
     2008 ..................    101.000%
     2009 and thereafter ...    100.000%
</TABLE>

          Unless the Company defaults in the payment of the redemption price,
     interest will cease to accrue on the Notes or portions thereof called for
     redemption on the applicable redemption date.

                                      A1-4

<PAGE>

               (b) Notwithstanding the provisions of subparagraph (a) of this
     Paragraph 5, at any time prior to February 15, 2007, the Company may on any
     one or more occasions redeem up to 35% of the aggregate principal amount of
     Notes issued under the Indenture (including any additional Notes issued
     after the date of the Indenture) at a redemption price of 100% of the
     principal amount thereof, plus a premium equal to 100% of the principal
     amount of the Notes multiplied by the sum of the LIBOR Rate in effect on
     the date of such redemption notice plus 4.25%, plus accrued and unpaid
     interest and Liquidated Damages, if any, to the redemption date, with the
     net cash proceeds of one or more Equity Offerings; provided that at least
     65% of the aggregate principal amount of Notes originally issued under the
     Indenture (excluding Notes held by the Company and its Subsidiaries)
     remains outstanding immediately after the occurrence of such redemption and
     the redemption occurs within 90 days of the date of the closing of such
     Equity Offering.

               (c) Notwithstanding the provisions of subparagraphs (a) or (b) of
     this Paragraph 5, at any time prior to February 15, 2007, the Company may
     also redeem all or a part of the Notes, upon not less than 30 nor more than
     60 days' prior notice mailed by first-class mail to each Holder's
     registered address, at a redemption price equal to 100% of the principal
     amount of Notes redeemed plus the Applicable Premium as of, and accrued and
     unpaid interest and Liquidated Damages, if any, to the date of redemption
     (the "Redemption Date"), subject to the rights of Holders on the relevant
     record date to receive interest due on the relevant interest payment date.

          (6) MANDATORY REDEMPTION.

          The Company is not be required to make mandatory redemption or sinking
     fund payments with respect to the Notes.

          (7) REPURCHASE AT THE OPTION OF HOLDER.

               (a) If there is a Change of Control, the Company will be required
     to make an offer (a "Change of Control Offer") to each Holder to repurchase
     all or any part (equal to $1,000 or an integral multiple thereof) of each
     Holder's Notes at a purchase price in cash equal to 101% of the aggregate
     principal amount thereof plus accrued and unpaid interest and Liquidated
     Damages, if any, thereon to the date of purchase, subject to the rights of
     Holders on the relevant record date to receive interest due on the relevant
     interest payment date (the "Change of Control Payment"). Within 10 days
     following any Change of Control, the Company will mail a notice to each
     Holder setting forth the procedures governing the Change of Control Offer
     as required by the Indenture.

               (b) If the Company or a Restricted Subsidiary of the Company
     consummates any Asset Sales, within five days of each date on which the
     aggregate amount of Excess Proceeds exceeds $15.0 million, the Company will
     commence an offer to all Holders of Notes and all holders of Parity Lien
     Debt containing provisions similar to those set forth in the Indenture with
     respect to offers to purchase or redeem with the proceeds of sales of
     assets (an "Asset Sale Offer") pursuant to Section 3.09 of the Indenture to
     purchase the maximum principal amount of Notes and such other Parity Lien
     Debt that may be purchased out of the Excess Proceeds at an offer price in
     cash in an amount equal to 100% of the principal amount thereof plus
     accrued and unpaid interest and Liquidated Damages, if any, thereon to the
     date of purchase, in accordance with the procedures set forth in the
     Indenture. To the extent that the aggregate amount of Notes and Parity Lien
     Debt tendered pursuant to an Asset Sale Offer is less than the Excess
     Proceeds, the Company may use such deficiency for any purpose not otherwise
     prohibited by the Indenture. If the aggregate principal amount of Notes and
     Parity Lien Debt tendered into such Asset Sale Offer

                                      A1-5

<PAGE>

     exceeds the amount of Excess Proceeds, the Trustee shall select the Notes
     and such other Parity Lien Debt to be purchased on a pro rata basis.
     Holders of Notes that are the subject of an offer to purchase will receive
     an Asset Sale Offer from the Company prior to any related purchase date and
     may elect to have such Notes purchased by completing the form entitled
     "Option of Holder to Elect Purchase" attached to the Notes.

          (8) NOTICE OF REDEMPTION. Notice of redemption will be mailed at least
     30 days but not more than 60 days before the redemption date to each Holder
     whose Notes are to be redeemed at its registered address, except that
     redemption notices may be mailed more than 60 days prior to a redemption
     date if the notice is issued in connection with a defeasance of the Notes
     or a satisfaction or discharge of the Indenture. Notes in denominations
     larger than $1,000 may be redeemed in part but only in whole multiples of
     $1,000, unless all of the Notes held by a Holder are to be redeemed.

          (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered
     form without coupons in denominations of $1,000 and integral multiples of
     $1,000. The transfer of Notes may be registered and Notes may be exchanged
     as provided in the Indenture. The Registrar and the Trustee may require a
     Holder, among other things, to furnish appropriate endorsements and
     transfer documents and the Company may require a Holder to pay any taxes
     and fees required by law or permitted by the Indenture. The Company need
     not exchange or register the transfer of any Note or portion of a Note
     selected for redemption, except for the unredeemed portion of any Note
     being redeemed in part. Also, the Company need not exchange or register the
     transfer of any Notes for a period of 15 days before a selection of Notes
     to be redeemed or during the period between a record date and the
     corresponding Interest Payment Date.

          (10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be
     treated as its owner for all purposes.

          (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions,
     the Indenture or the Notes or the Note Guarantees may be amended or
     supplemented with the consent of the Holders of at least a majority in
     aggregate principal amount of the then outstanding Notes including
     Additional Notes, if any, voting as a single class, and any existing
     Default or Event or Default or compliance with any provision of the
     Indenture or the Notes or the Note Guarantees may be waived with the
     consent of the Holders of a majority in aggregate principal amount of the
     then outstanding Notes including Additional Notes, if any, voting as a
     single class. Without the consent of any Holder of a Note, the Indenture or
     the Notes or the Note Guarantees may be amended or supplemented to cure any
     ambiguity, defect or inconsistency, to provide for uncertificated Notes in
     addition to or in place of certificated Notes, to provide for the
     assumption of the Company's or a Guarantor's obligations to Holders of the
     Notes and Note Guarantees in case of a merger or consolidation or sale of
     substantially all of the Company's or such Guarantor's assets, to make any
     change that would provide any additional rights or benefits to the Holders
     of the Notes or that does not adversely affect the legal rights under the
     Indenture of any such Holder, to comply with the requirements of the SEC in
     order to effect or maintain the qualification of the Indenture under the
     TIA, to conform the text of the Indenture, Security Documents or the Notes
     to any provision of the "Description of Notes" section of the Company's
     Offering Memorandum dated February 8, 2005, relating to the initial
     offering of the Notes, to the extent that such provision in that
     "Description of Notes" was intended to be a verbatim recitation of a
     provision of the Indenture, the Note Guarantees, the Security Documents or
     the Notes; to provide for the issuance of Additional Notes in accordance
     with the limitations set forth in this Indenture, or to allow any Guarantor
     to execute a supplemental indenture to the Indenture and/or a Note
     Guarantee with respect to the Notes, to add additional Guarantors or
     release Guarantors

                                      A1-6

<PAGE>

     from Note Guarantees, each in accordance with the terms of the Indenture,
     or to make, complete or confirm any grant of Collateral permitted or
     required by the Indenture or any of the Security Documents or any release
     of Collateral that becomes effective as set forth in the Indenture or any
     of the Security Documents.

          (12) DEFAULTS AND REMEDIES. Events of Default include: (i) default for
     30 days in the payment when due of interest on, or Liquidated Damages, if
     any, with respect to, the Notes; (ii) default in the payment when due (at
     maturity, upon redemption or otherwise) of the principal of, or premium, if
     any, on, the Notes; (iii) failure by the Company or any of its Restricted
     Subsidiaries to comply with the provisions of Sections 4.15 or 5.01 of the
     Indenture; (iv) failure by the Company or any of its Restricted
     Subsidiaries for 60 days after notice to the Company by the Trustee or the
     Holders of at least 25% in aggregate principal amount of the Notes then
     outstanding voting as a single class to comply with any of the other
     agreements in this Indenture or any of the Security Documents; (v) default
     under one or more instruments evidencing or securing Indebtedness of the
     Company or any of its Restricted Subsidiaries (or the payment of which is
     guaranteed by the Company or any of its Restricted Subsidiaries) having an
     outstanding principal amount of $20.0 million or more that has resulted in
     the acceleration of the payment of such Indebtedness or the failure to pay
     the principal of such Indebtedness at the final Stated Maturity of such
     Indebtedness; (vi) certain final judgments for the payment of money in an
     amount of $20.0 million or more that remain undischarged for a period of 60
     days; (vii) the occurrence of (a) any Security Document ceasing to be
     enforceable, with certain exceptions, (b) any Parity Lien, individually or
     in the aggregate, having an estimated good faith value in excess of $10.0
     million, ceasing to be an enforceable and perfected Lien, subject to
     Permitted Prior Liens, (c) the Company or any other Pledgor denies or
     disaffirms, in writing, any obligation of the Company or any other Pledgor
     set forth in or arising under any Security Document; (viii) certain events
     of bankruptcy or insolvency with respect to the Company or any of its
     Restricted Subsidiaries that is a Significant Subsidiary or any group of
     Restricted Subsidiaries that, taken together, would constitute a
     Significant Subsidiary; and (ix) except as permitted by the Indenture, any
     Note Guarantee is held in any judicial proceeding to be unenforceable or
     invalid or ceases for any reason to be in full force and effect or any
     Guarantor or any Person acting on its behalf denies or disaffirms its
     obligations under such Guarantor's Note Guarantee. If any Event of Default
     occurs and is continuing, the Trustee or the Holders of at least 25% in
     aggregate principal amount of the then outstanding Notes may declare all
     the Notes to be due and payable immediately. Notwithstanding the foregoing,
     in the case of an Event of Default arising from certain events of
     bankruptcy or insolvency, all outstanding Notes will become due and payable
     immediately without further action or notice. Holders may not enforce the
     Indenture or the Notes except as provided in the Indenture. Subject to
     certain limitations, Holders of a majority in aggregate principal amount of
     the then outstanding Notes may direct the Trustee in its exercise of any
     trust or power. The Trustee may withhold from Holders of the Notes notice
     of any continuing Default or Event of Default (except a Default or Event of
     Default relating to the payment of principal or interest or premium or
     Liquidated Damages, if any,) if it determines that withholding notice is in
     their interest. The Holders of a majority in aggregate principal amount of
     the then outstanding Notes by notice to the Trustee may, on behalf of the
     Holders of all of the Notes, rescind an acceleration or waive any existing
     Default or Event of Default and its consequences under the Indenture except
     a continuing Default or Event of Default in the payment of interest or
     premium or Liquidated Damages, if any, on, or the principal of, the Notes.
     The Company is required to deliver to the Trustee annually a statement
     regarding compliance with the Indenture, and the Company is required, upon
     becoming aware of any Default or Event of Default, to deliver to the
     Trustee a statement specifying such Default or Event of Default.

                                      A1-7

<PAGE>

          (13) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or
     any other capacity, may make loans to, accept deposits from, and perform
     services for the Company or its Affiliates, and may otherwise deal with the
     Company or its Affiliates, as if it were not the Trustee.

          (14) NO RECOURSE AGAINST OTHERS. No past, present or future director,
     officer, employee, incorporator or stockholder of the Company or any
     Guarantor, as such, will have any liability for any obligations of the
     Company or the Guarantors under the Notes, the Indenture, the Note
     Guarantees or the Note Documents or for any claim based on, in respect of,
     or by reason of, such obligations or their creation. Each Holder of Notes
     by accepting a Note waives and releases all such liability. The waiver and
     release are part of the consideration for the issuance of the Notes. The
     waiver may not be effective to waive liabilities under federal securities
     laws.

          (15) AUTHENTICATION. This Note will not be valid until authenticated
     by the manual signature of the Trustee or an authenticating agent.

          (16) ABBREVIATIONS. Customary abbreviations may be used in the name of
     a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (=
     tenants by the entireties), JT TEN (= joint tenants with right of
     survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A
     (= Uniform Gifts to Minors Act).

          (17) ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND
     RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders
     of Notes under the Indenture, Holders of Restricted Global Notes and
     Restricted Definitive Notes will have all the rights set forth in the
     Registration Rights Agreement dated as of February 11, 2005, among the
     Company, the Guarantors and the other parties named on the signature pages
     thereof or, in the case of Additional Notes, Holders of Restricted Global
     Notes and Restricted Definitive Notes will have the rights set forth in one
     or more registration rights agreements, if any, among the Company, the
     Guarantors and the other parties thereto, relating to rights given by the
     Company and the Guarantors to the purchasers of any Additional Notes
     (collectively, the "Registration Rights Agreement").

          (18) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the
     Committee on Uniform Security Identification Procedures, the Company has
     caused CUSIP numbers to be printed on the Notes, and the Trustee may use
     CUSIP numbers in notices of redemption as a convenience to Holders. No
     representation is made as to the accuracy of such numbers either as printed
     on the Notes or as contained in any notice of redemption, and reliance may
     be placed only on the other identification numbers placed thereon.

          (19) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL
     GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS NOTE AND THE NOTE
     GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
     LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
     WOULD BE REQUIRED THEREBY.

     The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to:

[Name of Company]
[Address]
Attention: ______________

                                      A1-8

<PAGE>

                                 ASSIGNMENT FORM

     To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to: __________________________________
                                                (Insert assignee's legal name)

________________________________________________________________________________
                  (Insert assignee's soc. sec. or tax I.D. no.)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
              (Print or type assignee's name, address and zip code)

and irrevocably appoint ________________________________________________________
to transfer this Note on the books of the Company. The agent may substitute
another to act for him.

Date: _______________

           Your Signature:
                           -----------------------------------------------------
                    (Sign exactly as your name appears on the face of this Note)

Signature Guarantee*:
                      -------------------------

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                      A1-9

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Company pursuant to
Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

                       [ ] Section 4.10   [ ] Section 4.15

     If you want to elect to have only part of the Note purchased by the Company
pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you
elect to have purchased:

                                $_______________

Date: _______________

           Your Signature:
                           -----------------------------------------------------
                    (Sign exactly as your name appears on the face of this Note)

           Tax Identification No.: _____________________________________________

Signature Guarantee*:
                      -------------------------

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                     A1-10

<PAGE>

             SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE *

     The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been
made:

<TABLE>
<CAPTION>
                                                                      Principal Amount
                   Amount of decrease in   Amount of increase in   [at maturity] of this
                      Principal Amount        Principal Amount     Global Note following   Signature of authorized
                      [at maturity] of        [at maturity] of         such decrease        officer of Trustee or
Date of Exchange      this Global Note        this Global Note         (or increase)              Custodian
----------------   ---------------------   ---------------------   ---------------------   -----------------------
<S>                <C>                     <C>                     <C>                     <C>
</TABLE>

*    This schedule should be included only if the Note is issued in global form.

                                      A1-11

<PAGE>

                  [Face of Regulation S Temporary Global Note]

================================================================================

                                                           CUSIP/CINS __________

           Second Priority Senior Secured Floating Rate Notes due 2012

No. ___                                                              $__________

                                [NAME OF COMPANY]

promises to pay to ____________ or registered assigns,

the principal sum of __________________________________________________ DOLLARS
on February 15, 2012.

Interest Payment Dates: February 15, May 15, August 15 and November 15

Record Dates: February 1, May 1, August 1 and November 1

Dated: ____________

                                        [NAME OF COMPANY]

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

This is one of the Notes referred to
in the within-mentioned Indenture:

[TRUSTEE],
as Trustee

By:
    ---------------------------------
          Authorized Signatory

================================================================================

                                      A2-1

<PAGE>

                  [Back of Regulation S Temporary Global Note]
           Second Priority Senior Secured Floating Rate Notes due 2012

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON.

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS
GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND ACCORDINGLY MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING
SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE
HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS
DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A "QIB"), (B) IT IS NOT A U.S.
PERSON, IS NOT ACQUIRING THIS NOTE FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON
AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH
REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL "ACCREDITED
INVESTOR" (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER
THE SECURITIES ACT) (AN "IAI"), (2) AGREES THAT IT WILL NOT, WITHIN THE TIME
PERIOD REFERRED TO UNDER RULE 144(k) (TAKING INTO ACCOUNT THE PROVISIONS OF RULE
144(d) UNDER THE SECURITIES ACT, IF APPLICABLE) UNDER THE

                                      A2-2

<PAGE>

SECURITIES ACT AS IN EFFECT ON THE DATE OF THE TRANSFER OF THIS NOTE, RESELL OR
OTHERWISE TRANSFER THIS NOTE EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY
THEREOF, (B) TO A PERSON WHOM THE HOLDER REASONABLY BELIEVES IS A QIB PURCHASING
FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN COMPLIANCE WITH RULE 144A
UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED STATES IN AN OFFSHORE
TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (D) PURSUANT
TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT
(IF AVAILABLE), (E) TO AN IAI THAT, PRIOR TO SUCH TRANSFER, FURNISHES TO THE
TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS
RELATING TO THE REGISTRATION OF TRANSFER OF THIS NOTE (THE FORM OF WHICH LETTER
CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN
AGGREGATE PRINCIPAL AMOUNT OF NOTES AT THE TIME OF TRANSFER OF LESS THAN
$250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS
IN COMPLIANCE WITH THE SECURITIES ACT OR (F) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, AND (3) AGREES THAT IT WILL DELIVER TO
EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF
THIS NOTE OR ANY INTEREST HEREIN WITHIN THE TIME PERIOD REFERRED TO ABOVE, THE
HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE REVERSE HEREOF RELATING
TO THE MANNER OF SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE TRUSTEE. AS
USED HEREIN, THE TERMS "OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S. PERSON"
HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES
ACT. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO
REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING RESTRICTIONS.

          Capitalized terms used herein have the meanings assigned to them in
the Indenture referred to below unless otherwise indicated.

          (1) INTEREST. [Name of Company], a Delaware corporation (the
     "Company"), promises to pay interest on the principal amount of this Note
     at a rate equal to the LIBOR Rate plus 4.25% from February 11, 2005 until
     maturity and shall pay the Liquidated Damages, if any, payable pursuant to
     Section 4 of the Registration Rights Agreement referred to below. The LIBOR
     Rate will be reset quarterly. The LIBOR Rate for the first quarterly period
     ending on _________ will be ___%, and the applicable interest rate for the
     first quarterly period ending on _________ will be ___% per annum. The
     Company will pay interest and Liquidated Damages, if any, quarterly in
     arrears on February 15, May 15, August 15 and November 15 of each year, or
     if any such day is not a Business Day, on the next succeeding Business Day
     (each, an "Interest Payment Date"). Interest on the Notes will accrue from
     the most recent date to which interest has been paid or, if no interest has
     been paid, from the date of issuance; provided that if there is no existing
     Default in the payment of interest, and if this Note is authenticated
     between a record date referred to on the face hereof and the next
     succeeding Interest Payment Date, interest shall accrue from such next
     succeeding Interest Payment Date; provided further that the first Interest
     Payment Date shall be __________. The Company will pay interest (including
     post-petition interest in any proceeding under any Bankruptcy Law) on
     overdue principal and premium, if any, from time to time on demand at a
     rate that is 1% per annum in excess of the rate then in effect to the
     extent lawful; it will pay interest (including post-petition interest in
     any proceeding under any Bankruptcy Law) on overdue installments of
     interest and Liquidated Damages, if any, (without regard to any

                                      A2-3

<PAGE>

     applicable grace periods) from time to time on demand at the same rate to
     the extent lawful. Interest will be computed on the basis of a 360-day year
     of twelve 30-day months.

          Until this Regulation S Temporary Global Note is exchanged for one or
     more Regulation S Permanent Global Notes, the Holder hereof shall not be
     entitled to receive payments of interest hereon; until so exchanged in
     full, this Regulation S Temporary Global Note shall in all other respects
     be entitled to the same benefits as other Notes under the Indenture.

          (2) METHOD OF PAYMENT. The Company will pay interest on the Notes
     (except defaulted interest) and Liquidated Damages, if any, to the Persons
     who are registered Holders of Notes at the close of business on the
     February 1, May 1, August 1 or November 1 next preceding the Interest
     Payment Date, even if such Notes are canceled after such record date and on
     or before such Interest Payment Date, except as provided in Section 2.12 of
     the Indenture with respect to defaulted interest. The Notes will be payable
     as to principal, premium and Liquidated Damages, if any, and interest at
     the office or agency of the Company maintained for such purpose, or, at the
     option of the Company, payment of interest and Liquidated Damages, if any,
     may be made by check mailed to the Holders at their addresses set forth in
     the register of Holders; provided that payment by wire transfer of
     immediately available funds will be required with respect to principal of
     and interest, premium and Liquidated Damages, if any, on all Global Notes
     and all other Notes the Holders of which will have provided wire transfer
     instructions to the Company or the Paying Agent. Such payment will be in
     such coin or currency of the United States of America as at the time of
     payment is legal tender for payment of public and private debts.

          (3) PAYING AGENT AND REGISTRAR. Initially, _____________, the Trustee
     under the Indenture, will act as Paying Agent and Registrar. The Company
     may change any Paying Agent or Registrar without notice to any Holder. The
     Company or any of its Subsidiaries may act in any such capacity.

          (4) INDENTURE AND SECURITY DOCUMENTS. The Company issued the Notes
     under an Indenture dated as of February 11, 2005 (the "Indenture") among
     the Company, the Guarantors and the Trustee. The terms of the Notes include
     those stated in the Indenture and those made part of the Indenture by
     reference to the TIA. THE NOTES ARE SUBJECT TO ALL SUCH TERMS, AND HOLDERS
     ARE REFERRED TO THE INDENTURE AND SUCH ACT FOR A STATEMENT OF SUCH TERMS.
     TO THE EXTENT ANY PROVISION OF THIS NOTE CONFLICTS WITH THE EXPRESS
     PROVISIONS OF THE INDENTURE, THE PROVISIONS OF THE INDENTURE SHALL GOVERN
     AND BE CONTROLLING. The Notes are secured obligations of the Company. The
     Notes are secured by a second priority lien on substantially all of the
     Company's assets pursuant to the Security Documents referred to in the
     Indenture. In addition, until an initial public offering of the Company's
     common stock, the Notes are secured by the pledge by JLL Building Products,
     LLC of all of the Company's capital stock that it owns, on a second
     priority basis, pursuant to the Pledge Agreement as defined in the
     Indenture. The Indenture does not limit the aggregate principal amount of
     Notes that may be issued thereunder.

          (5) OPTIONAL REDEMPTION.

               (a) Except as set forth in subparagraphs (b) and (c) of this
     Paragraph 5, the Company will not have the option to redeem the Notes prior
     to February 15, 2007. On or after February 15, 2007, the Company may redeem
     all or a part of the Notes upon not less than 30 nor more than 60 days'
     notice, at the redemption prices (expressed as percentages of principal
     amount) set forth below plus accrued and unpaid interest and Liquidated
     Damages, if any, on the Notes

                                      A2-4

<PAGE>

     redeemed, to the applicable redemption date, if redeemed during the
     twelve-month period beginning on February 15 of the years indicated below,
     subject to the rights of Holders on the relevant record date to receive
     interest on the relevant interest payment date:

<TABLE>
<CAPTION>
     Year                     Percentage
     ----                     ----------
     <S>                      <C>
     2007..................    102.000%
     2008..................    101.000%
     2009 and thereafter...    100.000%
</TABLE>

          Unless the Company defaults in the payment of the redemption price,
     interest will cease to accrue on the Notes or portions thereof called for
     redemption on the applicable redemption date.

               (b) Notwithstanding the provisions of subparagraph (a) of this
     Paragraph 5, at any time prior to February 15, 2007, the Company may on any
     one or more occasions redeem up to 35% of the aggregate principal amount of
     Notes issued under the Indenture (including any additional Notes issued
     after the date of the Indenture) at a redemption price of 100% of the
     principal amount thereof, plus a premium equal to 100% of the principal
     amount of the Notes multiplied by the sum of the LIBOR Rate in effect on
     the date of such redemption notice plus 4.25%, plus accrued and unpaid
     interest and Liquidated Damages, if any, to the redemption date, with the
     net cash proceeds of one or more Equity Offerings; provided that at least
     65% of the aggregate principal amount of Notes originally issued under the
     Indenture (excluding Notes held by the Company and its Subsidiaries)
     remains outstanding immediately after the occurrence of such redemption and
     the redemption occurs within 90 days of the date of the closing of such
     Equity Offering.

               (c) Notwithstanding the provisions of subparagraphs (a) or (b) of
     this Paragraph 5, at any time prior to February 15, 2007, the Company may
     also redeem all or a part of the Notes, upon not less than 30 nor more than
     60 days' prior notice mailed by first-class mail to each Holder's
     registered address, at a redemption price equal to 100% of the principal
     amount of Notes redeemed plus the Applicable Premium as of, and accrued and
     unpaid interest and Liquidated Damages, if any, to the date of redemption
     (the "Redemption Date"), subject to the rights of Holders on the relevant
     record date to receive interest due on the relevant interest payment date.

          (6) MANDATORY REDEMPTION.

          The Company is not be required to make mandatory redemption or sinking
     fund payments with respect to the Notes.

          (7) REPURCHASE AT THE OPTION OF HOLDER.

               (a) If there is a Change of Control, the Company will be required
     to make an offer (a "Change of Control Offer") to each Holder to repurchase
     all or any part (equal to $1,000 or an integral multiple thereof) of each
     Holder's Notes at a purchase price in cash equal to 101% of the aggregate
     principal amount thereof plus accrued and unpaid interest and Liquidated
     Damages, if any, thereon to the date of purchase, subject to the rights of
     Holders on the relevant record date to receive interest due on the relevant
     interest payment date (the "Change of Control Payment"). Within 10 days
     following any Change of Control, the Company will mail a notice to each
     Holder setting forth the procedures governing the Change of Control Offer
     as required by the Indenture.

                                      A2-5

<PAGE>

               (b) If the Company or a Restricted Subsidiary of the Company
     consummates any Asset Sales, within five days of each date on which the
     aggregate amount of Excess Proceeds exceeds $15.0 million, the Company will
     commence an offer to all Holders of Notes and all holders of Parity Lien
     Debt containing provisions similar to those set forth in the Indenture with
     respect to offers to purchase or redeem with the proceeds of sales of
     assets (an "Asset Sale Offer") pursuant to Section 3.09 of the Indenture to
     purchase the maximum principal amount of Notes and such other Parity Lien
     Debt that may be purchased out of the Excess Proceeds at an offer price in
     cash in an amount equal to 100% of the principal amount thereof plus
     accrued and unpaid interest and Liquidated Damages, if any, thereon to the
     date of purchase, in accordance with the procedures set forth in the
     Indenture. To the extent that the aggregate amount of Notes and Parity Lien
     Debt tendered pursuant to an Asset Sale Offer is less than the Excess
     Proceeds, the Company may use such deficiency for any purpose not otherwise
     prohibited by the Indenture. If the aggregate principal amount of Notes and
     Parity Lien Debt tendered into such Asset Sale Offer exceeds the amount of
     Excess Proceeds, the Trustee shall select the Notes and such other Parity
     Lien Debt to be purchased on a pro rata basis. Holders of Notes that are
     the subject of an offer to purchase will receive an Asset Sale Offer from
     the Company prior to any related purchase date and may elect to have such
     Notes purchased by completing the form entitled "Option of Holder to Elect
     Purchase" attached to the Notes.

          (8) NOTICE OF REDEMPTION. Notice of redemption will be mailed at least
     30 days but not more than 60 days before the redemption date to each Holder
     whose Notes are to be redeemed at its registered address, except that
     redemption notices may be mailed more than 60 days prior to a redemption
     date if the notice is issued in connection with a defeasance of the Notes
     or a satisfaction or discharge of the Indenture. Notes in denominations
     larger than $1,000 may be redeemed in part but only in whole multiples of
     $1,000, unless all of the Notes held by a Holder are to be redeemed.

          (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered
     form without coupons in denominations of $1,000 and integral multiples of
     $1,000. The transfer of Notes may be registered and Notes may be exchanged
     as provided in the Indenture. The Registrar and the Trustee may require a
     Holder, among other things, to furnish appropriate endorsements and
     transfer documents and the Company may require a Holder to pay any taxes
     and fees required by law or permitted by the Indenture. The Company need
     not exchange or register the transfer of any Note or portion of a Note
     selected for redemption, except for the unredeemed portion of any Note
     being redeemed in part. Also, the Company need not exchange or register the
     transfer of any Notes for a period of 15 days before a selection of Notes
     to be redeemed or during the period between a record date and the
     corresponding Interest Payment Date.

          (10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be
     treated as its owner for all purposes.

          (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions,
     the Indenture or the Notes or the Note Guarantees may be amended or
     supplemented with the consent of the Holders of at least a majority in
     aggregate principal amount of the then outstanding Notes including
     Additional Notes, if any, voting as a single class, and any existing
     Default or Event or Default or compliance with any provision of the
     Indenture or the Notes or the Note Guarantees may be waived with the
     consent of the Holders of a majority in aggregate principal amount of the
     then outstanding Notes including Additional Notes, if any, voting as a
     single class. Without the consent of any Holder of a Note, the Indenture or
     the Notes or the Note Guarantees may be amended or supplemented to cure any
     ambiguity, defect or inconsistency, to provide for uncertificated Notes in
     addition to or in place of certificated Notes, to provide for the
     assumption

                                      A2-6

<PAGE>

     of the Company's or a Guarantor's obligations to Holders of the Notes and
     Note Guarantees in case of a merger or consolidation or sale of
     substantially all of the Company's or such Guarantor's assets, to make any
     change that would provide any additional rights or benefits to the Holders
     of the Notes or that does not adversely affect the legal rights under the
     Indenture of any such Holder, to comply with the requirements of the SEC in
     order to effect or maintain the qualification of the Indenture under the
     TIA, to conform the text of the Indenture, Security Documents or the Notes
     to any provision of the "Description of Notes" section of the Company's
     Offering Memorandum dated February 8, 2005, relating to the initial
     offering of the Notes, to the extent that such provision in that
     "Description of Notes" was intended to be a verbatim recitation of a
     provision of the Indenture, the Note Guarantees, the Security Documents or
     the Notes; to provide for the issuance of Additional Notes in accordance
     with the limitations set forth in this Indenture, or to allow any Guarantor
     to execute a supplemental indenture to the Indenture and/or a Note
     Guarantee with respect to the Notes, to add additional Guarantors or
     release Guarantors from Note Guarantees, each in accordance with the terms
     of the Indenture, or to make, complete or confirm any grant of Collateral
     permitted or required by the Indenture or any of the Security Documents or
     any release of Collateral that becomes effective as set forth in the
     Indenture or any of the Security Documents.

          (12) DEFAULTS AND REMEDIES. Events of Default include: (i) default for
     30 days in the payment when due of interest on, or Liquidated Damages, if
     any, with respect to, the Notes; (ii) default in the payment when due (at
     maturity, upon redemption or otherwise) of the principal of, or premium, if
     any, on, the Notes; (iii) failure by the Company or any of its Restricted
     Subsidiaries to comply with the provisions of Sections 4.15 or 5.01 of the
     Indenture; (iv) failure by the Company or any of its Restricted
     Subsidiaries for 60 days after notice to the Company by the Trustee or the
     Holders of at least 25% in aggregate principal amount of the Notes then
     outstanding voting as a single class to comply with any of the other
     agreements in this Indenture or any of the Security Documents; (v) default
     under one or more instruments evidencing or securing Indebtedness of the
     Company or any of its Restricted Subsidiaries (or the payment of which is
     guaranteed by the Company or any of its Restricted Subsidiaries) having an
     outstanding principal amount of $20.0 million or more that has resulted in
     the acceleration of the payment of such Indebtedness or the failure to pay
     the principal of such Indebtedness at the final Stated Maturity of such
     Indebtedness; (vi) certain final judgments for the payment of money in an
     amount of $20.0 million or more that remain undischarged for a period of 60
     days; (vii) the occurrence of (a) any Security Document ceasing to be
     enforceable, with certain exceptions, (b) any Parity Lien, individually or
     in the aggregate, having an estimated good faith value in excess of $10.0
     million, ceasing to be an enforceable and perfected Lien, subject to
     Permitted Prior Liens, (c) the Company or any other Pledgor denies or
     disaffirms, in writing, any obligation of the Company or any other Pledgor
     set forth in or arising under any Security Document; (viii) certain events
     of bankruptcy or insolvency with respect to the Company or any of its
     Restricted Subsidiaries that is a Significant Subsidiary or any group of
     Restricted Subsidiaries that, taken together, would constitute a
     Significant Subsidiary; and (ix) except as permitted by the Indenture, any
     Note Guarantee is held in any judicial proceeding to be unenforceable or
     invalid or ceases for any reason to be in full force and effect or any
     Guarantor or any Person acting on its behalf denies or disaffirms its
     obligations under such Guarantor's Note Guarantee. If any Event of Default
     occurs and is continuing, the Trustee or the Holders of at least 25% in
     aggregate principal amount of the then outstanding Notes may declare all
     the Notes to be due and payable immediately. Notwithstanding the foregoing,
     in the case of an Event of Default arising from certain events of
     bankruptcy or insolvency, all outstanding Notes will become due and payable
     immediately without further action or notice. Holders may not enforce the
     Indenture or the Notes except as provided in the Indenture. Subject to
     certain limitations, Holders of a majority in aggregate principal amount of
     the then outstanding Notes may direct the Trustee in its exercise of any
     trust

                                      A2-7

<PAGE>

     or power. The Trustee may withhold from Holders of the Notes notice of any
     continuing Default or Event of Default (except a Default or Event of
     Default relating to the payment of principal or interest or premium or
     Liquidated Damages, if any,) if it determines that withholding notice is in
     their interest. The Holders of a majority in aggregate principal amount of
     the then outstanding Notes by notice to the Trustee may, on behalf of the
     Holders of all of the Notes, rescind an acceleration or waive any existing
     Default or Event of Default and its consequences under the Indenture except
     a continuing Default or Event of Default in the payment of interest or
     premium or Liquidated Damages, if any, on, or the principal of, the Notes.
     The Company is required to deliver to the Trustee annually a statement
     regarding compliance with the Indenture, and the Company is required, upon
     becoming aware of any Default or Event of Default, to deliver to the
     Trustee a statement specifying such Default or Event of Default.

          (13) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or
     any other capacity, may make loans to, accept deposits from, and perform
     services for the Company or its Affiliates, and may otherwise deal with the
     Company or its Affiliates, as if it were not the Trustee.

          (14) NO RECOURSE AGAINST OTHERS. No past, present or future director,
     officer, employee, incorporator or stockholder of the Company or any
     Guarantor, as such, will have any liability for any obligations of the
     Company or the Guarantors under the Notes, the Indenture, the Note
     Guarantees or the Note Documents or for any claim based on, in respect of,
     or by reason of, such obligations or their creation. Each Holder of Notes
     by accepting a Note waives and releases all such liability. The waiver and
     release are part of the consideration for the issuance of the Notes. The
     waiver may not be effective to waive liabilities under federal securities
     laws.

          (15) AUTHENTICATION. This Note will not be valid until authenticated
     by the manual signature of the Trustee or an authenticating agent.

          (16) ABBREVIATIONS. Customary abbreviations may be used in the name of
     a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (=
     tenants by the entireties), JT TEN (= joint tenants with right of
     survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A
     (= Uniform Gifts to Minors Act).

          (17) ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND
     RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders
     of Notes under the Indenture, Holders of this Regulation S Temporary Global
     Note and Restricted Definitive Notes will have all the rights set forth in
     the Registration Rights Agreement dated as of February 11, 2005, among the
     Company, the Guarantors and the other parties named on the signature pages
     thereof or, in the case of Additional Notes, Holders of Restricted Global
     Notes and Restricted Definitive Notes will have the rights set forth in one
     or more registration rights agreements, if any, among the Company, the
     Guarantors and the other parties thereto, relating to rights given by the
     Company and the Guarantors to the purchasers of any Additional Notes
     (collectively, the "Registration Rights Agreement").

          (18) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the
     Committee on Uniform Security Identification Procedures, the Company has
     caused CUSIP numbers to be printed on the Notes, and the Trustee may use
     CUSIP numbers in notices of redemption as a convenience to Holders. No
     representation is made as to the accuracy of such numbers either as printed
     on the Notes or as contained in any notice of redemption, and reliance may
     be placed only on the other identification numbers placed thereon.

                                      A2-8

<PAGE>

          (19) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL
     GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS NOTE AND THE NOTE
     GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
     LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
     WOULD BE REQUIRED THEREBY.

     The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to:

[Name of Company]
[Address]
Attention: ______________

                                      A2-9

<PAGE>

                                 ASSIGNMENT FORM

     To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to: __________________________________
                                                (Insert assignee's legal name)

________________________________________________________________________________
                  (Insert assignee's soc. sec. or tax I.D. no.)
________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
              (Print or type assignee's name, address and zip code)

and irrevocably appoint ________________________________________________________
to transfer this Note on the books of the Company. The agent may substitute
another to act for him.

Date: _______________

           Your Signature:
                           -----------------------------------------------------
                    (Sign exactly as your name appears on the face of this Note)

Signature Guarantee*:
                      ---------------

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                     A2-10

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Company pursuant to
Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

                       [ ] Section 4.10   [ ] Section 4.15

     If you want to elect to have only part of the Note purchased by the Company
pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you
elect to have purchased:

                                $________________

Date:  _______________

           Your Signature:
                           -----------------------------------------------------
                    (Sign exactly as your name appears on the face of this Note)

                                        Tax Identification No.:_________________

Signature Guarantee*:
                      ---------------

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                     A2-11

<PAGE>

  SCHEDULE OF EXCHANGES OF INTERESTS IN THE REGULATION S TEMPORARY GLOBAL NOTE

     The following exchanges of a part of this Regulation S Temporary Global
Note for an interest in another Global Note, or exchanges of a part of another
other Restricted Global Note for an interest in this Regulation S Temporary
Global Note, have been made:

<TABLE>
<CAPTION>
                                                                 Principal Amount
                                                                 [at maturity] of
                    Amount of decrease   Amount of increase in   this Global Note      Signature of
                   in Principal Amount      Principal Amount      following such    authorized officer
                     [at maturity] of       [at maturity] of         decrease          of Trustee or
Date of Exchange     this Global Note       this Global Note       (or increase)         Custodian
----------------   -------------------   ---------------------   ----------------   ------------------
<S>                <C>                   <C>                     <C>                <C>
</TABLE>

                                     A2-12

<PAGE>

                                                                       EXHIBIT B

                         FORM OF CERTIFICATE OF TRANSFER

[Company address block]

[Registrar address block]

     Re: [fill in full title of securities]

     Reference is hereby made to the Indenture, dated as of _________________
(the "Indenture"), [between/among] ____________________, as issuer (the
"Company"), [the Guarantors party thereto] and ____________________, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     ___________________, (the "Transferor") owns and proposes to transfer the
Note[s] or interest in such Note[s] specified in Annex A hereto, in the
principal amount of $___________ in such Note[s] or interests (the "Transfer"),
to ___________________________ (the "Transferee"), as further specified in Annex
A hereto. In connection with the Transfer, the Transferor hereby certifies that:

                             [CHECK ALL THAT APPLY]

     1. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
THE 144A GLOBAL NOTE OR A RESTRICTED DEFINITIVE NOTE PURSUANT TO RULE 144A.  The
Transfer is being effected pursuant to and in accordance with Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"), and, accordingly,
the Transferor hereby further certifies that the beneficial interest or
Definitive Note is being transferred to a Person that the Transferor reasonably
believes is purchasing the beneficial interest or Definitive Note for its own
account, or for one or more accounts with respect to which such Person exercises
sole investment discretion, and such Person and each such account is a
"qualified institutional buyer" within the meaning of Rule 144A in a transaction
meeting the requirements of Rule 144A, and such Transfer is in compliance with
any applicable blue sky securities laws of any state of the United States. Upon
consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the 144A Global Note and/or the Restricted Definitive Note and
in the Indenture and the Securities Act.

     2. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
[THE REGULATION S TEMPORARY GLOBAL NOTE,](903(B)(3)) THE REGULATION S
[PERMANENT] GLOBAL NOTE OR A RESTRICTED DEFINITIVE NOTE PURSUANT TO REGULATION
S.  The Transfer is being effected pursuant to and in accordance with Rule 903
or Rule 904 under the Securities Act and, accordingly, the Transferor hereby
further certifies that (i) the Transfer is not being made to a Person in the
United States and (x) at the time the buy order was originated, the Transferee
was outside the United States or such Transferor and any Person acting on its
behalf reasonably believed and believes that the Transferee was outside the
United States or (y) the transaction was executed in, on or through the
facilities of a designated offshore securities market and neither such
Transferor nor any Person acting on its behalf knows that the transaction was
prearranged with a buyer in the United States, (ii) no directed selling efforts
have been made in contravention of the requirements of Rule 903(b) or Rule
904(b) of Regulation S under the Securities Act [and/,] (iii) the transaction is
not part of a plan or scheme to evade the registration requirements of the
Securities Act [and (iv) if the proposed transfer is being made prior to the
expiration of the Restricted Period, the transfer is not being made to a U.S.
Person or for the account or benefit of a U.S. Person (other than an Initial
Purchaser)].(903(B)(2)) OR (3) Upon consummation of the proposed transfer in
accordance with the terms of the Indenture, the transferred beneficial interest
or Definitive Note will be subject to the restrictions on Transfer enumerated in
the Private Placement Legend printed on the Regulation S [Permanent] Global

                                      B-1

<PAGE>

Note[, the Regulation S Temporary Global Note](903(b)(3)) and/or the Restricted
Definitive Note and in the Indenture and the Securities Act.

     3. [ ] CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL
INTEREST IN THE IAI GLOBAL NOTE OR A RESTRICTED DEFINITIVE NOTE PURSUANT TO ANY
PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S.  The
Transfer is being effected in compliance with the transfer restrictions
applicable to beneficial interests in Restricted Global Notes and Restricted
Definitive Notes and pursuant to and in accordance with the Securities Act and
any applicable blue sky securities laws of any state of the United States, and
accordingly the Transferor hereby further certifies that (check one):

          (a) [ ] such Transfer is being effected pursuant to and in accordance
     with Rule 144 under the Securities Act;

                                       or

          (b) [ ] such Transfer is being effected to the Company or a subsidiary
     thereof;

                                       or

          (c) [ ] such Transfer is being effected pursuant to an effective
     registration statement under the Securities Act and in compliance with the
     prospectus delivery requirements of the Securities Act;

                                       or

          (d) [ ] such Transfer is being effected to an Institutional Accredited
     Investor and pursuant to an exemption from the registration requirements of
     the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904,
     and the Transferor hereby further certifies that it has not engaged in any
     general solicitation within the meaning of Regulation D under the
     Securities Act and the Transfer complies with the transfer restrictions
     applicable to beneficial interests in a Restricted Global Note or
     Restricted Definitive Notes and the requirements of the exemption claimed,
     which certification is supported by (1) a certificate executed by the
     Transferee in the form of Exhibit D to the Indenture and (2) [if such
     Transfer is in respect of a principal amount of Notes at the time of
     transfer of less than $250,000,] an Opinion of Counsel provided by the
     Transferor or the Transferee (a copy of which the Transferor has attached
     to this certification), to the effect that such Transfer is in compliance
     with the Securities Act. Upon consummation of the proposed transfer in
     accordance with the terms of the Indenture, the transferred beneficial
     interest or Definitive Note will be subject to the restrictions on transfer
     enumerated in the Private Placement Legend printed on the IAI Global Note
     and/or the Restricted Definitive Notes and in the Indenture and the
     Securities Act.

     4. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED DEFINITIVE NOTE.

     (a) [ ] CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is
being effected pursuant to and in accordance with Rule 144 under the Securities
Act and in compliance with the transfer restrictions contained in the Indenture
and any applicable blue sky securities laws of any state of the United States
and (ii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive
Note will no longer be subject to the restrictions on transfer enumerated in the

                                      B-2

<PAGE>

Private Placement Legend printed on the Restricted Global Notes, on Restricted
Definitive Notes and in the Indenture.

     (b) [ ] CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the
Securities Act and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any state of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global
Notes, on Restricted Definitive Notes and in the Indenture.

     (c) [ ] CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer
is being effected pursuant to and in compliance with an exemption from the
registration requirements of the Securities Act other than Rule 144, Rule 903 or
Rule 904 and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any State of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will not be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                        ----------------------------------------
                                           [Insert Name of Transferor]

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

Dated:
       ---------------------

                                      B-3

<PAGE>

                       ANNEX A TO CERTIFICATE OF TRANSFER

1.   The Transferor owns and proposes to transfer the following:

                            [CHECK ONE OF (a) OR (b)]

          (a)  [ ] a beneficial interest in the:

               (i)  [ ] 144A Global Note (CUSIP _________), or

               (ii) [ ] Regulation S Global Note (CUSIP _________), or

               (iii) [ ] IAI Global Note (CUSIP _________); or

          (b) [ ] a Restricted Definitive Note.

2.   After the Transfer the Transferee will hold:

                                   [CHECK ONE]

          (a)  [ ] a beneficial interest in the:

               (i)  [ ] 144A Global Note (CUSIP _________), or

               (ii) [ ] Regulation S Global Note (CUSIP _________), or

               (iii) [ ] IAI Global Note (CUSIP _________); or

               (iv) [ ] Unrestricted Global Note (CUSIP _________); or

          (b)  [ ] a Restricted Definitive Note; or

          (c)  [ ] an Unrestricted Definitive Note,

          in accordance with the terms of the Indenture.

                                      B-4

<PAGE>

                                                                       EXHIBIT C

                         FORM OF CERTIFICATE OF EXCHANGE

[Company address block]

[Registrar address block]

     Re: [fill in full title of securities]

                              (CUSIP ____________)

     Reference is hereby made to the Indenture, dated as of _________________
(the "Indenture"), [between/among] _______________________, as issuer (the
"Company"), [the Guarantors party thereto] and _________________, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     __________________________, (the "Owner") owns and proposes to exchange the
Note[s] or interest in such Note[s] specified herein, in the principal amount of
$____________ in such Note[s] or interests (the "Exchange"). In connection with
the Exchange, the Owner hereby certifies that:

     1. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN A
RESTRICTED GLOBAL NOTE FOR UNRESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS
IN AN UNRESTRICTED GLOBAL NOTE

     (a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection
with the Exchange of the Owner's beneficial interest in a Restricted Global Note
for a beneficial interest in an Unrestricted Global Note in an equal principal
amount, the Owner hereby certifies (i) the beneficial interest is being acquired
for the Owner's own account without transfer, (ii) such Exchange has been
effected in compliance with the transfer restrictions applicable to the Global
Notes and pursuant to and in accordance with the Securities Act of 1933, as
amended (the "Securities Act"), (iii) the restrictions on transfer contained in
the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act and (iv) the beneficial interest in
an Unrestricted Global Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

     (b) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for an Unrestricted
Definitive Note, the Owner hereby certifies (i) the Definitive Note is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to the
Restricted Global Notes and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv) the Definitive Note is being acquired in compliance
with any applicable blue sky securities laws of any state of the United States.

     (c) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Owner's Exchange
of a Restricted Definitive Note for a beneficial interest in an Unrestricted
Global Note, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to
Restricted Definitive Notes and pursuant to and in accordance with the
Securities Act, (iii) the restrictions on transfer contained in the Indenture
and the

                                      C-1

<PAGE>

Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv) the beneficial interest is being acquired in
compliance with any applicable blue sky securities laws of any state of the
United States.

     (d) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO
UNRESTRICTED DEFINITIVE NOTE. In connection with the Owner's Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby
certifies (i) the Unrestricted Definitive Note is being acquired for the Owner's
own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to Restricted Definitive Notes and
pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv) the
Unrestricted Definitive Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

     2. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN
RESTRICTED GLOBAL NOTES FOR RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS
IN RESTRICTED GLOBAL NOTES

     (a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for a Restricted
Definitive Note with an equal principal amount, the Owner hereby certifies that
the Restricted Definitive Note is being acquired for the Owner's own account
without transfer. Upon consummation of the proposed Exchange in accordance with
the terms of the Indenture, the Restricted Definitive Note issued will continue
to be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Definitive Note and in the Indenture
and the Securities Act.

     (b) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN A RESTRICTED GLOBAL NOTE. In connection with the Exchange of the
Owner's Restricted Definitive Note for a beneficial interest in the [CHECK ONE]
[ ] 144A Global Note, [ ] Regulation S Global Note, [ ] IAI Global Note with an
equal principal amount, the Owner hereby certifies (i) the beneficial interest
is being acquired for the Owner's own account without transfer and (ii) such
Exchange has been effected in compliance with the transfer restrictions
applicable to the Restricted Global Notes and pursuant to and in accordance with
the Securities Act, and in compliance with any applicable blue sky securities
laws of any state of the United States. Upon consummation of the proposed
Exchange in accordance with the terms of the Indenture, the beneficial interest
issued will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the relevant Restricted Global Note and in the
Indenture and the Securities Act.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                            ------------------------------------
                                            [Insert Name of Transferor]

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

Dated:
       ---------------------

                                      C-2

<PAGE>

                                                                       EXHIBIT D

                            FORM OF CERTIFICATE FROM
                   ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

[Company address block]

[Registrar address block]

     Re: [fill in full title of securities]

     Reference is hereby made to the Indenture, dated as of _________________
(the "Indenture"), [between/among] _____________________, as issuer (the
"Company"), [the guarantors party thereto] and ___________________, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     In connection with our proposed purchase of $____________ aggregate
principal amount of:

     (a)  [ ] a beneficial interest in a Global Note, or

     (b)  [ ] a Definitive Note,

     we confirm that:

     1. We understand that any subsequent transfer of the Notes or any interest
therein is subject to certain restrictions and conditions set forth in the
Indenture and the undersigned agrees to be bound by, and not to resell, pledge
or otherwise transfer the Notes or any interest therein except in compliance
with, such restrictions and conditions and the Securities Act of 1933, as
amended (the "Securities Act").

     2. We understand that the offer and sale of the Notes have not been
registered under the Securities Act, and that the Notes and any interest therein
may not be offered or sold except as permitted in the following sentence. We
agree, on our own behalf and on behalf of any accounts for which we are acting
as hereinafter stated, that if we should sell the Notes or any interest therein,
we will do so only (A) to the Company or any subsidiary thereof, (B) in
accordance with Rule 144A under the Securities Act to a "qualified institutional
buyer" (as defined therein), (C) to an institutional "accredited investor" (as
defined below) that, prior to such transfer, furnishes (or has furnished on its
behalf by a U.S. broker-dealer) to you and to the Company a signed letter
substantially in the form of this letter and[, if such transfer is in respect of
a principal amount of Notes, at the time of transfer of less than $250,000,] an
Opinion of Counsel in form reasonably acceptable to the Company to the effect
that such transfer is in compliance with the Securities Act, (D) outside the
United States in accordance with Rule 904 of Regulation S under the Securities
Act, (E) pursuant to the provisions of Rule 144(k) under the Securities Act or
(F) pursuant to an effective registration statement under the Securities Act,
and we further agree to provide to any Person purchasing the Definitive Note or
beneficial interest in a Global Note from us in a transaction meeting the
requirements of clauses (A) through (E) of this paragraph a notice advising such
purchaser that resales thereof are restricted as stated herein.

                                      D-1

<PAGE>

     3. We understand that, on any proposed resale of the Notes or beneficial
interest therein, we will be required to furnish to you and the Company such
certifications, legal opinions and other information as you and the Company may
reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Notes purchased by us will bear a
legend to the foregoing effect.

     4. We are an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of our investment in the Notes, and we and
any accounts for which we are acting are each able to bear the economic risk of
our or its investment.

     5. We are acquiring the Notes or beneficial interest therein purchased by
us for our own account or for one or more accounts (each of which is an
institutional "accredited investor") as to each of which we exercise sole
investment discretion.

     You and the Company are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with
respect to the matters covered hereby.

                                            ------------------------------------
                                            [Insert Name of Accredited Investor]

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

Dated:
       ---------------------

                                      D-2

<PAGE>

                                                                       EXHIBIT E

                         [FORM OF NOTATION OF GUARANTEE]

          For value received, each Guarantor (which term includes any successor
Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the
provisions in the Indenture dated as of February 11, 2005 (the "Indenture")
among Builders FirstSource, Inc, a Delware corporation (the "Company"), the
Guarantors party thereto and Wilmington Trust Company, a Delaware banking
corporation, as trustee (the "Trustee"), (a) the due and punctual payment of the
principal of, premium and Liquidated Damages, if any, and interest on, the
Notes, whether at maturity, by acceleration, redemption or otherwise, the due
and punctual payment of interest on overdue principal of and interest on the
Notes, if any, if lawful, and the due and punctual performance of all other
obligations of the Company to the Holders or the Trustee all in accordance with
the terms of the Indenture and (b) in case of any extension of time of payment
or renewal of any Notes or any of such other obligations, that the same will be
promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or otherwise.
The obligations of the Guarantors to the Holders of Notes and to the Trustee
pursuant to the Note Guarantee and the Indenture are expressly set forth in
Article 11 of the Indenture and reference is hereby made to the Indenture for
the precise terms of the Note Guarantee.

          Capitalized terms used but not defined herein have the meanings given
to them in the Indenture.

                         [Signatures on Following Page]

                                       E-1

<PAGE>

                                                                       EXHIBIT E

                                        BUILDERS FIRSTSOURCE - NORTHEAST GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - TEXAS GENPAR,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - MBS, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Andrew T. Panaccione
                                            ------------------------------------
                                            Name:  Andrew T. Panaccione
                                            Title: Vice President and Secretary

                                        BUILDERS FIRSTSOURCE - TEXAS GROUP,
                                        L.P., a Texas limited partnership, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BFS TEXAS, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                      E-2

<PAGE>

                                                                       EXHIBIT E

                                        BUILDERS FIRSTSOURCE - SOUTH TEXAS,
                                        L.P., a Texas limited partnership, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - TEXAS INSTALLED
                                        SALES, L.P., a Texas limited
                                        partnership, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BFS IP, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - INTELLECTUAL
                                        PROPERTY, L.P., a Texas limited
                                        partnership, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE HOLDINGS, INC., a
                                        Delaware corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                      E-3

<PAGE>

                                                                       EXHIBIT E

                                        BUILDERS FIRSTSOURCE - DALLAS, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - FLORIDA, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - FLORIDA DESIGN
                                        CENTER, LLC, a Delaware limited
                                        liability company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - OHIO VALLEY, LLC,
                                        a Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BFS, LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                       E-4

<PAGE>

                                                                       EXHIBIT E

                                        BUILDERS FIRSTSOURCE - ATLANTIC GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE OF NASHVILLE, INC.,
                                        a Tennessee corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - SOUTHEAST GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - SNC, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        CCWP, INC., a South Carolina close
                                        corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                      E-5

<PAGE>

                                                                       EXHIBIT E

                                        BUILDERS FIRSTSOURCE - RALEIGH, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - COLORADO GROUP,
                                        LLC, a Delaware limited liability
                                        company, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE - COLORADO, LLC, a
                                        Delaware limited liability company, as
                                        Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                        BUILDERS FIRSTSOURCE FINANCING, INC., a
                                        Delaware corporation, as Guarantor

                                        By: /s/ Donald F. McAleenan
                                            ------------------------------------
                                            Name:  Donald F. McAleenan
                                            Title: Senior Vice President

                                      E-6

<PAGE>

                                                                       EXHIBIT F

                         [FORM OF SUPPLEMENTAL INDENTURE
                    TO BE DELIVERED BY SUBSEQUENT GUARANTORS]

     SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of
________________, 200__, among __________________ (the "Guaranteeing
Subsidiary"), a subsidiary of ____________________ (or its permitted successor),
a [Delaware] corporation (the "Company"), the Company, the other Guarantors (as
defined in the Indenture referred to herein) and ____________________, as
trustee under the Indenture referred to below (the "Trustee").

                                   WITNESSETH

     WHEREAS, the Company has heretofore executed and delivered to the Trustee
an indenture (the "Indenture"), dated as of ___________, 200__ providing for the
issuance of Second Priority Senior Secured Floating Rate Notes due 2012 (the
"Notes");

     WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally
guarantee all of the Company's Obligations under the Notes and the Indenture on
the terms and conditions set forth herein (the "Note Guarantee"); and

     WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the
equal and ratable benefit of the Holders of the Notes as follows:

     1. CAPITALIZED TERMS. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Indenture.

     2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to
provide an unconditional Guarantee on the terms and subject to the conditions
set forth in the Note Guarantee and in the Indenture including but not limited
to Article 11 thereof.

     4. NO RECOURSE AGAINST OTHERS. No past, present or future director,
officer, employee, incorporator, stockholder or agent of the Guaranteeing
Subsidiary, as such, shall have any liability for any obligations of the Company
or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the
Indenture or this Supplemental Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder of the
Notes by accepting a Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes. Such waiver may
not be effective to waive liabilities under the federal securities laws and it
is the view of the SEC that such a waiver is against public policy.

     5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT
TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

                                       F-1

<PAGE>

     6. COUNTERPARTS. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement.

     7. EFFECT OF HEADINGS. The Section headings herein are for convenience only
and shall not affect the construction hereof.

     8. THE TRUSTEE. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made solely by the Guaranteeing Subsidiary and the Company.

                                       F-2

<PAGE>

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

     Dated: ____________, 20__

                                        [GUARANTEEING SUBSIDIARY]

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

                                        [COMPANY]

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

                                        [EXISTING GUARANTORS]

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

                                        [TRUSTEE], as Trustee

                                        By:
                                            ------------------------------------
                                            Authorized Signatory

                                       F-3<PAGE>

                                                                  EXECUTION COPY

                                                                     Exhibit 4.3

================================================================================

                          REGISTRATION RIGHTS AGREEMENT

                          Dated as of February 11, 2005

                                  By and Among

                           Builders FirstSource, Inc.
                                   as Issuer,

              The Guarantors listed on the signature pages hereto,

                                       and

              UBS SECURITIES LLC and DEUTSCHE BANK SECURITIES INC.,
                              as Initial Purchasers

    $275,000,000 Second Priority Senior Secured Floating Rate Notes due 2012

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
<S>                                                                         <C>
1.    Definitions .......................................................     1

2.    Exchange Offer ....................................................     4

3.    Shelf Registration ................................................     6

4.    Liquidated Damages ................................................     7

5.    Registration Procedures ...........................................     8

6.    Registration Expenses .............................................    15

7.    Indemnification ...................................................    16

8.    Rules 144 and 144A ................................................    18

9.    Underwritten Registrations ........................................    18

10.   Miscellaneous .....................................................    19

      (a)   No Inconsistent Agreements ..................................    19
      (b)   Adjustments Affecting Registrable Notes .....................    19
      (c)   Amendments and Waivers ......................................    19
      (d)   Notices .....................................................    19
      (e)   Successors and Assigns ......................................    20
      (f)   Counterparts ................................................    20
      (g)   Headings ....................................................    20
      (h)   Governing Law ...............................................    20
      (i)   Severability ................................................    21
      (j)   Securities Held by the Issuer or Its Affiliates .............    21
      (k)   Third-Party Beneficiaries ...................................    21
      (l)   Attorneys' Fees .............................................    21
      (m)   Entire Agreement ............................................    21
</TABLE>

                                       -i-

<PAGE>

                          REGISTRATION RIGHTS AGREEMENT

          This Registration Rights Agreement (this "AGREEMENT") is dated as of
February 11, 2005, by and between Builders FirstSource, Inc., a Delaware
corporation, (the "ISSUER"), on the one hand, the guarantors listed as
signatories hereto (the "GUARANTORS") and UBS Securities LLC and Deutsche Bank
Securities Inc. (the "INITIAL PURCHASERS"), on the other hand.

          This Agreement is entered into in connection with the Purchase
Agreement, dated as of February 8, 2005, by and among the Issuer, the Guarantors
and the Initial Purchasers (the "PURCHASE AGREEMENT"), relating to the offering
of $275,000,000 aggregate principal amount of the Issuer's Second Priority
Senior Secured Floating Rate Notes due 2012 (the "NOTES"). The execution and
delivery of this Agreement is a condition to the Initial Purchasers' obligation
to purchase the Notes under the Purchase Agreement.

          The parties hereby agree as follows:

     Section 1. Definitions

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

          "ACTION" shall have the meaning set forth in Section 7(c) hereof.

          "ADVICE" shall have the meaning set forth in Section 5 hereof.

          "AGREEMENT" shall have the meaning set forth in the first introductory
paragraph hereto.

          "APPLICABLE PERIOD" shall have the meaning set forth in Section 2(b)
hereof.

          "BOARD OF DIRECTORS" shall have the meaning set forth in Section 5
hereof.

          "BUSINESS DAY" shall mean a day that is not a Legal Holiday.

          "COMMISSION" shall mean the Securities and Exchange Commission.

          "DAY" shall mean a calendar day.

          "DAMAGES PAYMENT DATE" shall have the meaning set forth in Section
4(b) hereof.

          "DELAY PERIOD" shall have the meaning set forth in Section 5 hereof.

          "EFFECTIVENESS PERIOD" shall have the meaning set forth in Section
3(b) hereof.

          "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "EXCHANGE NOTES" shall have the meaning set forth in Section 2(a)
hereof.

          "EXCHANGE OFFER" shall have the meaning set forth in Section 2(a)
hereof.

          "EXCHANGE OFFER REGISTRATION STATEMENT" shall have the meaning set
forth in Section 2(a) hereof.

<PAGE>

          "HOLDER" shall mean any holder of a Registrable Note or Registrable
Notes.

          "INDENTURE" shall mean the Indenture, dated as of February 11, 2005,
by and among the Issuer, the Guarantors and Wilmington Trust Company as trustee,
pursuant to which the Notes are being issued, as amended or supplemented from
time to time in accordance with the terms thereof.

          "INITIAL PURCHASERS" shall have the meaning set forth in the first
introductory paragraph hereof.

          "INSPECTORS" shall have the meaning set forth in Section 5(n) hereof.

          "ISSUE DATE" shall mean February 11, 2005, the date of original
issuance of the Notes.

          "ISSUER" shall have the meaning set forth in the introductory
paragraph hereto and shall also include the Issuer's permitted successors and
assigns.

          "LEGAL HOLIDAY" shall mean a Saturday, a Sunday or a day on which
banking institutions in New York, New York are required by law, regulation or
executive order to remain closed.

          "LIQUIDATED DAMAGES" shall have the meaning set forth in Section 4(a)
hereof.

          "LOSSES" shall have the meaning set forth in Section 7(a) hereof.

          "NASD" shall have the meaning set forth in Section 5(s) hereof.

          "NOTES" shall have the meaning set forth in the second introductory
paragraph hereto.

          "PARTICIPANT" shall have the meaning set forth in Section 7(a) hereof.

          "PARTICIPATING BROKER-DEALER" shall have the meaning set forth in
Section 2(b) hereof.

          "PERSON" shall mean an individual, corporation, partnership, joint
venture association, joint stock company, trust, unincorporated limited
liability company, government or any agency or political subdivision thereof or
any other entity.

          "PRIVATE EXCHANGE" shall have the meaning set forth in Section 2(b)
hereof.

          "PRIVATE EXCHANGE NOTES" shall have the meaning set forth in Section
2(b) hereof.

          "PROSPECTUS" shall mean the prospectus included in any Registration
Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon
Rule 430A promulgated under the Securities Act), as amended or supplemented by
any prospectus supplement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated
by reference or deemed to be incorporated by reference in such Prospectus.

          "PURCHASE AGREEMENT" shall have the meaning set forth in the second
introductory paragraph hereof.

          "RECORDS" shall have the meaning set forth in Section 5(n) hereof.

                                       -2-

<PAGE>

          "REGISTRABLE NOTES" shall mean each Note upon its original issuance
and at all times subsequent thereto, each Exchange Note as to which Section
2(c)(iii) hereof is applicable upon original issuance and at all times
subsequent thereto and each Private Exchange Note upon original issuance thereof
and at all times subsequent thereto, in each case until (i) a Registration
Statement (other than, with respect to any Exchange Note as to which Section
2(c)(iii) hereof is applicable, the Exchange Offer Registration Statement)
covering such Note, Exchange Note or Private Exchange Note has been declared
effective by the Commission and such Note, Exchange Note or such Private
Exchange Note, as the case may be, has been disposed of in accordance with such
effective Registration Statement, (ii) such Note has been exchanged pursuant to
the Exchange Offer for an Exchange Note or Exchange Notes, (iii) such Note,
Exchange Note or Private Exchange Note, as the case may be, ceases to be
outstanding for purposes of the Indenture or (iv) such Note, Exchange Note or
Private Exchange Note has been sold in compliance with Rule 144 or is eligible
for resale without restriction under Rule 144(k).

          "REGISTRATION DEFAULT" shall have the meaning set forth in Section
4(a) hereof.

          "REGISTRATION STATEMENT" shall mean any appropriate registration
statement of the Issuer covering any of the Registrable Notes filed with the
Commission under the Securities Act, and all amendments and supplements to any
such Registration Statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

          "REQUESTING PARTICIPATING BROKER-DEALER" shall have the meaning set
forth in Section 2(b) hereof.

          "RULE 144" shall mean Rule 144 promulgated under the Securities Act,
as such Rule may be amended from time to time, or any similar rule (other than
Rule 144A) or regulation hereafter adopted by the Commission providing for
offers and sales of securities made in compliance therewith resulting in offers
and sales by subsequent holders that are not affiliates of an issuer of such
securities being free of the registration and prospectus delivery requirements
of the Securities Act.

          "RULE 144A" shall mean Rule 144A promulgated under the Securities Act,
as such Rule may be amended from time to time, or any similar rule (other than
Rule 144) or regulation hereafter adopted by the Commission.

          "RULE 415" shall mean Rule 415 promulgated under the Securities Act,
as such Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the Commission.

          "SECURITIES ACT" shall mean the Securities Act of 1933, as amended,
and the rules and regulations of the Commission promulgated thereunder.

          "SHELF FILING EVENT" shall have the meaning set forth in Section 2(c)
hereof.

          "SHELF REGISTRATION" shall have the meaning set forth in Section 3(a)
hereof.

          "SHELF REGISTRATION STATEMENT" shall mean a Registration Statement
filed in connection with a Shelf Registration.

          "TIA" shall mean the Trust Indenture Act of 1939, as amended.

          "TRUSTEE" shall mean the trustee under the Indenture and the trustee
(if any) under any indenture governing the Exchange Notes and Private Exchange
Notes.

                                       -3-

<PAGE>

          "UNDERWRITTEN REGISTRATION OR UNDERWRITTEN OFFERING" shall mean a
registration in which securities of the Issuer are sold to an underwriter for
reoffering to the public.

     Section 2. Exchange Offer

          (a) The Issuer and the Guarantors shall use all commercially
reasonable efforts to (i) file a Registration Statement (the "EXCHANGE OFFER
REGISTRATION STATEMENT") with the Commission on an appropriate registration form
with respect to a registered offer (the "EXCHANGE OFFER") to exchange any and
all of the Registrable Notes for a like aggregate principal amount of notes (the
"EXCHANGE NOTES") that are identical in all material respects to the Notes
(except that the Exchange Notes shall not contain terms with respect to transfer
restrictions or Liquidated Damages upon a Registration Default), (ii) cause the
Exchange Offer Registration Statement to be declared effective under the
Securities Act within 240 days after the Issue Date and (iii) consummate the
Exchange Offer within 30 business days after the date on which the Exchange
Offer Registration Statement is declared effective. Upon the Exchange Offer
Registration Statement being declared effective by the Commission, the Issuer
will offer the Exchange Notes in exchange for surrender of the Notes. The Issuer
shall keep the Exchange Offer open for not less than 30 days (or longer if
required by applicable law) after the date notice of the Exchange Offer is
mailed to Holders.

          Each Holder that participates in the Exchange Offer will be required
to represent to the Issuer in writing that (i) any Exchange Notes to be received
by it will be acquired in the ordinary course of its business, (ii) it has no
arrangement or understanding with any Person to participate in the distribution
(within the meaning of the Securities Act) of the Exchange Notes in violation of
the provisions of the Securities Act or, if it is an affiliate, it will comply
with the registration and prospectus delivery requirements of the Securities Act
to the extent applicable, (iii) if such Holder is not a broker-dealer, it is not
engaged in, and does not intend to engage in, a distribution of Exchange Notes,
(iv) if such Holder is a broker-dealer that will receive Exchange Notes for its
own account in exchange for Notes that were acquired as a result of
market-making or other trading activities, it will deliver a prospectus in
connection with any resale of such Exchange Notes and (v) such Holder has full
power and authority to transfer the Notes in exchange for the Exchange Notes and
that the Issuer will acquire good and unencumbered title thereto free and clear
of any liens, restrictions, charges or encumbrances and not subject to any
adverse claims.

          (b) The Issuer, the Guarantors and the Initial Purchasers acknowledge
that the staff of the Commission has taken the position that any broker-dealer
that elects to exchange Notes that were acquired by such broker-dealer for its
own account as a result of market-making or other trading activities for
Exchange Notes in the Exchange Offer (a "PARTICIPATING BROKER-DEALER") may be
deemed to be an "underwriter" within the meaning of the Securities Act and must
deliver a prospectus meeting the requirements of the Securities Act in
connection with any resale of such Exchange Notes (other than a resale of an
unsold allotment resulting from the original offering of the Notes).

          The Issuer, the Guarantors and the Initial Purchasers also acknowledge
that the staff of the Commission has taken the position that if the Prospectus
contained in the Exchange Offer Registration Statement includes a plan of
distribution containing a statement to the above effect and the means by which
Participating Broker-Dealers may resell the Exchange Notes, without naming the
Participating Broker-Dealers or specifying the amount of Exchange Notes owned by
them, such Prospectus may be delivered by Participating Broker-Dealers to
satisfy their prospectus delivery obligations under the Securities Act in
connection with resales of Exchange Notes for their own accounts, so long as the
Prospectus otherwise meets the requirements of the Securities Act.

                                       -4-

<PAGE>

          In light of the foregoing, if requested by a Participating
Broker-Dealer (a "REQUESTING PARTICIPATING BROKER-DEALER"), the Issuer agrees to
use its reasonable best efforts to keep the Exchange Offer Registration
Statement continuously effective in order to permit the Prospectus to be
lawfully delivered by such Requesting Participating Brokers for such period of
time as is necessary to comply with applicable law in connection with the resale
of Exchange Notes; provided that in no event shall such period exceed 90 days
after the date on which the Exchange Registration Statement is declared
effective, or such longer period if extended pursuant to the last paragraph of
Section 5 hereof (such period, the "APPLICABLE PERIOD"), or such earlier date as
all Requesting Participating Broker-Dealers shall have notified the Issuer in
writing that such Requesting Participating Broker-Dealers have resold all
Exchange Notes acquired in the Exchange Offer. The Issuer shall include a plan
of distribution in such Exchange Offer Registration Statement that meets the
requirements set forth in the preceding paragraph.

          If, prior to consummation of the Exchange Offer, the Initial
Purchasers hold any Notes acquired by it that have, or that are reasonably
likely to be determined to have, the status of an unsold allotment in an initial
distribution, the Issuer upon the request of the Initial Purchasers shall
simultaneously with the delivery of the Exchange Notes in the Exchange Offer,
issue and deliver to the Initial Purchasers in exchange (the "PRIVATE EXCHANGE")
for such Notes held by the Initial Purchasers, a like principal amount of notes
(the "PRIVATE EXCHANGE NOTES") of the Issuer that are identical in all material
respects to the Exchange Notes except that the Private Exchange Notes may be
subject to restrictions on transfer and bear a legend to such effect. The
Private Exchange Notes shall be issued pursuant to the same indenture as the
Exchange Notes and bear the same CUSIP number as the Exchange Notes, to the
extent permitted by the CUSIP Service Bureau.

          For each Note surrendered in the Exchange Offer, the Holder will
receive an Exchange Note having a principal amount equal to that of the
surrendered Note. Interest on each Exchange Note and Private Exchange Note
issued pursuant to the Exchange Offer and in the Private Exchange will accrue
from the last interest payment date on which interest was paid on the Notes
surrendered in exchange therefor or, if no interest has been paid on the Notes,
from the Issue Date.

          Upon consummation of the Exchange Offer in accordance with this
Section 2, the Issuer shall have no further registration obligations other than
the Issuer's continuing registration obligations with respect to (i) Private
Exchange Notes, (ii) Exchange Notes held by Participating Broker-Dealers and
(iii) Notes or Exchange Notes as to which clause (c)(iii) of this Section 2
applies.

          In connection with the Exchange Offer, the Issuer and the Guarantors
shall:

          (1) mail or cause to be mailed to each Holder entitled to participate
     in the Exchange Offer a copy of the Prospectus forming part of the Exchange
     Offer Registration Statement, together with an appropriate letter of
     transmittal and related documents;

          (2) utilize the services of a depositary for the Exchange Offer with
     an address in the Borough of Manhattan, The City of New York;

          (3) permit Holders to withdraw tendered Notes at any time prior to the
     close of business, New York time, on the last Business Day on which the
     Exchange Offer shall remain open; and

          (4) otherwise comply in all material respects with all applicable
     laws, rules and regulations.

                                       -5-

<PAGE>

          As soon as practicable after the close of the Exchange Offer and the
Private Exchange, if any, the Issuer and the Guarantors shall:

          (1) accept for exchange all Notes validly tendered and not validly
     withdrawn by the Holders pursuant to the Exchange Offer and the Private
     Exchange, if any;

          (2) deliver or cause to be delivered to the Trustee for cancellation
     all Notes so accepted for exchange; and

          (3) cause the Trustee to authenticate and deliver promptly to each
     such Holder of Notes, Exchange Notes or Private Exchange Notes, as the case
     may be, equal in principal amount to the Registrable Notes of such Holder
     so accepted for exchange.

          The Exchange Offer and the Private Exchange shall not be subject to
any conditions, other than that (i) the Exchange Offer or Private Exchange, as
the case may be, does not violate applicable law or any applicable
interpretation of the staff of the Commission, (ii) no action or proceeding
shall have been instituted or threatened in any court or by any governmental
agency which might materially impair the ability of the Issuer and the
Guarantors to proceed with the Exchange Offer or the Private Exchange, and no
material adverse development shall have occurred in any existing action or
proceeding with respect to the Issuer and the Guarantors and (iii) all
governmental approvals shall have been obtained, which approvals the Issuer and
the Guarantors deem necessary for the consummation of the Exchange Offer or
Private Exchange.

          The Exchange Notes and the Private Exchange Notes shall be issued
under (i) the Indenture or (ii) an indenture identical in all material respects
to the Indenture (in either case, with such changes as are necessary to comply
with any requirements of the Commission to effect or maintain the qualification
thereof under the TIA) and which, in either case, has been qualified under the
TIA and shall provide that (a) the Exchange Notes shall not be subject to the
transfer restrictions set forth in the Indenture and (b) the Private Exchange
Notes shall be subject to the transfer restrictions set forth in the Indenture.
The Indenture or such indenture shall provide that the Exchange Notes, the
Private Exchange Notes and the Notes shall vote and consent together on all
matters as one class and that none of the Exchange Notes, the Private Exchange
Notes or the Notes will have the right to vote or consent as a separate class on
any matter.

          (c) In the event that (i) any changes in law or the applicable
interpretations of the staff of the Commission do not permit the Issuer and the
Guarantors to effect the Exchange Offer, (ii) for any reason the Exchange Offer
Registration Statement is not declared effective by the Commission under the Act
within 240 days after the Issue Date, (iii) any Holder, other than the Initial
Purchasers, notifies the Issuer prior to the 20th day following consummation of
the Exchange Offer that it is prohibited by law or the applicable
interpretations of the staff of the Commission from participating in the
Exchange Offer or it may not resell Exchange Notes acquired by it in the
Exchange Offer to the public without delivering a prospectus and the Prospectus
is not available for such resale, or (iv) it is a broker-dealer and owns Notes
acquired directly from the Issuer or an affiliate of the Issuer (each such event
referred to in clauses (i) through (iv) of this sentence, a "SHELF FILING
EVENT"), then the Issuer and the Guarantors shall file a Shelf Registration
pursuant to Section 3 hereof.

     Section 3. Shelf Registration

          If at any time a Shelf Filing Event shall occur, then:

                                       -6-

<PAGE>

          (a) Shelf Registration.  The Issuer and the Guarantors shall file with
the Commission a Registration Statement for an offering to be made on a
continuous basis pursuant to Rule 415 covering all of the Registrable Notes not
exchanged in the Exchange Offer, Private Exchange Notes and Exchange Notes as to
which Section 2(c)(iii) is applicable (the "SHELF REGISTRATION"). The Issuer and
the Guarantors shall use their commercially reasonable efforts to file with the
Commission the Shelf Registration on or prior to the later of (i) 30 days after
such filing obligation arises or (ii) if at the time such filing obligation
arises the Issuer has filed a registration statement with the Commission in
connection with its Initial Public Offering and such offering is not completed,
30 days after such offering is completed or such registration statement is
withdrawn. The Shelf Registration shall be on Form S-1 or another appropriate
form permitting registration of such Registrable Notes for resale by Holders in
the manner or manners designated by them (including, without limitation, one or
more underwritten offerings). The Issuer and the Guarantors shall not permit any
securities other than the Registrable Notes to be included in the Shelf
Registration.

          (b) The Issuer and the Guarantors shall use their reasonable best
efforts (x) to cause the Shelf Registration to be declared effective under the
Securities Act on or prior to 90 days after the Shelf Registration is required
to be filed with the Commission and (y) to keep the Shelf Registration
continuously effective under the Securities Act for the period ending on the
date which is two years from the Issue Date, subject to extension pursuant to
the penultimate paragraph of Section 5 hereof (the "EFFECTIVENESS PERIOD"), or
such shorter period ending when all Registrable Notes covered by the Shelf
Registration have been sold in the manner set forth and as contemplated in the
Shelf Registration; provided, however, that (i) the Effectiveness Period in
respect of the Shelf Registration shall be extended to the extent required to
permit dealers to comply with the applicable prospectus delivery requirements of
Rule 174 under the Securities Act and as otherwise provided herein and (ii) the
Issuer may suspend the effectiveness of the Shelf Registration Statement by
written notice to the Holders solely as a result of the filing of a
post-effective amendment to the Shelf Registration Statement to incorporate
annual audited financial information with respect to the Issuer where such
post-effective amendment is not yet effective and needs to be declared effective
to permit Holders to use the related Prospectus.

          (c) Supplements and Amendments.  The Issuer and the Guarantors agree
to supplement or make amendments to the Shelf Registration Statement as and when
required by the rules, regulations or instructions applicable to the
registration form used for such Shelf Registration Statement or by the
Securities Act or rules and regulations thereunder for shelf registration.

     Section 4. Liquidated Damages

          (a) The Issuer, the Guarantors and the Initial Purchasers agree that
the Holders will suffer damages if the Issuer and the Guarantors fail to fulfill
their obligations under Section 2 or Section 3 hereof and that it would not be
feasible to ascertain the extent of such damages with precision. Accordingly,
the Issuer and the Guarantors agree that, subject to the penultimate paragraph
of Section 5, if:

          (i) the Exchange Offer Registration Statement is not declared
     effective on or prior to the 240th day following the Issue Date or, if that
     day is not a Business Day, the next day that is a Business Day, or the
     Shelf Registration Statement is not filed by the time set forth in Section
     3(a) hereof;

          (ii) the Exchange Offer is not consummated on or prior to the 30th
     business day following the date on which the Exchange Offer Registration
     Statement is declared effective; or

                                       -7-

<PAGE>

          (iii) the Shelf Registration Statement is declared effective but
     thereafter ceases to be effective or usable, except if the Shelf
     Registration ceases to be effective or usable as specifically permitted by
     the penultimate paragraph of Section 5 hereof;

(each such event referred to in clauses (i) through (iv) a "REGISTRATION
DEFAULT"), liquidated damages in the form of additional cash interest
("LIQUIDATED DAMAGES") will accrue on the affected Notes and the affected
Exchange Notes, as applicable. The rate of Liquidated Damages will be 0.25% per
annum for the first 90-day period immediately following the occurrence of a
Registration Default, increasing by an additional 0.25% per annum with respect
to each subsequent 90-day period up to a maximum amount of Liquidated Damages of
1.00% per annum of the principal amount of the Transfer Restricted Securities,
from and including the date on which any such Registration Default shall occur
to, but excluding, the earlier of (1) the date on which all Registration
Defaults have been cured or (2) the date on which all the Notes and Exchange
Notes otherwise become freely transferable by Holders other than affiliates of
the Issuer without further registration under the Securities Act.

Notwithstanding the foregoing, (1) the amount of Liquidated Damages payable
shall not increase because more than one Registration Default has occurred and
is pending and (2) a Holder of Notes or Exchange Notes who is not entitled to
the benefits of the Shelf Registration Statement (i.e., such Holder has not
elected to include information) shall not be entitled to Liquidated Damages with
respect to a Registration Default that pertains to the Shelf Registration
Statement.

          (b) So long as Notes remain outstanding, the Issuer shall notify the
Trustee within five Business Days after each and every date on which an event
occurs in respect of which Liquidated Damages is required to be paid. Any
amounts of Liquidated Damages due pursuant to clauses (a)(i), (a)(ii), (a)(iii)
or (a)(iv) of this Section 4 will be payable in cash quarterly on each February
15th, May 15th, August 15th and November 15th (each a "DAMAGES PAYMENT DATE"),
commencing with the first such date occurring after any such Liquidated Damages
commence to accrue, to Holders to whom regular interest is payable on such
Damages Payment Date with respect to Notes that are Registrable Securities. The
amount of Liquidated Damages for Registrable Notes will be determined by
multiplying the applicable rate of Liquidated Damages by the aggregate principal
amount of all such Registrable Notes outstanding on the Damages Payment Date
following such Registration Default in the case of the first such payment of
Liquidated Damages with respect to a Registration Default (and thereafter at the
next succeeding Damages Payment Date until the cure of such Registration
Default), multiplied by a fraction, the numerator of which is the number of days
such Liquidated Damages rate was applicable during such period (determined on
the basis of a 360-day year comprised of twelve 30-day months and, in the case
of a partial month, the actual number of days elapsed), and the denominator of
which is 360.

     Section 5. Registration Procedures

          In connection with the filing of any Registration Statement pursuant
to Section 2 or 3 hereof, the Issuer and the Guarantors shall effect such
registrations to permit the sale of the securities covered thereby in accordance
with the intended method or methods of disposition thereof, and pursuant thereto
and in connection with any Registration Statement filed by the Issuer and the
Guarantors hereunder, the Issuer and each of the Guarantors shall:

          (a) Prepare and file with the Commission the Registration Statement or
     Registration Statements prescribed by Section 2 or 3 hereof, and use its
     reasonable best efforts to cause each such Registration Statement to become
     effective and remain effective as provided herein; provided, however, that
     if (1) such filing is pursuant to Section 3 hereof, or (2) a Prospectus
     contained in the Exchange Offer Registration Statement filed pursuant to
     Section 2 hereof is required to be delivered under the Securities Act by
     any Participating Broker-Dealer who seeks to

                                       -8-

<PAGE>

     sell Exchange Notes during the Applicable Period relating thereto, before
     filing any Registration Statement or Prospectus or any amendments or
     supplements thereto, the Issuer and the Guarantors shall furnish to and
     afford the Holders of the Registrable Notes covered by such Registration
     Statement or each such Participating Broker-Dealer, as the case may be, its
     counsel (if such counsel is known to the Issuer) and the managing
     underwriters, if any, a reasonable opportunity to review copies of all such
     documents (including, to the extent requested, copies of any documents to
     be incorporated by reference therein and all exhibits thereto) proposed to
     be filed (in each case at least five Business Days prior to such filing or
     such later date as is reasonable under the circumstances). The Issuer and
     the Guarantors shall not file any Registration Statement or Prospectus or
     any amendments or supplements thereto if the Holders of a majority in
     aggregate principal amount of the Registrable Notes covered by such
     Registration Statement, or any such Participating Broker-Dealer, as the
     case may be, its counsel, or the managing underwriters, if any, shall
     reasonably object on a timely basis.

          (b) Prepare and file with the Commission such amendments and
     post-effective amendments to each Shelf Registration Statement or Exchange
     Offer Registration Statement, as the case may be, as may be necessary to
     keep such Registration Statement continuously effective for the
     Effectiveness Period or the Applicable Period, as the case may be; cause
     the related Prospectus to be supplemented by any Prospectus supplement
     required by applicable law, and as so supplemented to be filed pursuant to
     Rule 424 (or any similar provisions then in force) promulgated under the
     Securities Act; and comply with the provisions of the Securities Act and
     the Exchange Act applicable to it with respect to the disposition of all
     securities covered by such Registration Statement as so amended or in such
     Prospectus as so supplemented and with respect to the subsequent resale of
     any securities being sold by a Participating Broker-Dealer covered by any
     such Prospectus, in each case, in accordance with the intended methods of
     distribution set forth in such Registration Statement or Prospectus, as so
     amended.

          (c) If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period relating thereto from whom the
     Issuer has received written notice that such Broker-Dealer will be a
     Participating Broker-Dealer in the applicable Exchange Offer, notify the
     selling Holders of Registrable Notes, or each such Participating
     Broker-Dealer, as the case may be, their counsel and the managing
     underwriters, if any, as promptly as possible, and, if requested by any
     such Person, confirm such notice in writing, (i) when a Prospectus or any
     Prospectus supplement or post-effective amendment has been filed, and, with
     respect to a Registration Statement or any post-effective amendment, when
     the same has become effective under the Securities Act (including in such
     notice a written statement that any Holder may, upon request, obtain, at
     the sole expense of the Issuer, one conformed copy of such Registration
     Statement or post-effective amendment including financial statements and
     schedules, documents incorporated or deemed to be incorporated by reference
     and exhibits), (ii) of the issuance by the Commission of any stop order
     suspending the effectiveness of a Registration Statement or of any order
     preventing or suspending the use of any preliminary prospectus or the
     initiation of any proceedings for that purpose, (iii) if at any time when a
     Prospectus is required by the Securities Act to be delivered in connection
     with sales of the Registrable Notes or resales of Exchange Notes by
     Participating Broker-Dealers the representations and warranties of the
     Issuer contained in any agreement (including any underwriting agreement)
     contemplated by Section 5(m)(i) hereof cease to be true and correct in all
     material respects, (iv) of the receipt by the Issuer of any notification
     with respect to the suspension of the qualification or exemption from
     qualification of a Registration Statement or any of the Registrable Notes
     or the Exchange Notes for offer or sale in any jurisdiction, or the

                                       -9-

<PAGE>

     initiation or threatening of any proceeding for such purpose, (v) of the
     happening of any event, the existence of any condition or any information
     becoming known to the Issuer that makes any statement made in such
     Registration Statement or related Prospectus or any document incorporated
     or deemed to be incorporated therein by reference untrue in any material
     respect or that requires the making of any changes in or amendments or
     supplements to such Registration Statement, Prospectus or documents so
     that, in the case of the Registration Statement, it will not contain any
     untrue statement of a material fact or omit to state any material fact
     required to be stated therein or necessary to make the statements therein
     not misleading, and that in the case of the Prospectus, it will not contain
     any untrue statement of a material fact or omit to state any material fact
     required to be stated therein or necessary to make the statements therein,
     in the light of the circumstances under which they were made, not
     misleading, and (vi) of the Issuer's determination that a post-effective
     amendment to a Registration Statement would be appropriate.

          (d) If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period, use its reasonable best
     efforts to prevent the issuance of any order suspending the effectiveness
     of a Registration Statement or of any order preventing or suspending the
     use of a Prospectus or suspending the qualification (or exemption from
     qualification) of any of the Registrable Notes or the Exchange Notes, as
     the case may be, for sale in any jurisdiction, and, if any such order is
     issued, to use its reasonable best efforts to obtain the withdrawal of any
     such order at the earliest practicable moment.

          (e) If (1) a Shelf Registration is filed pursuant to Section 3 hereof
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period and if reasonably requested by
     the managing underwriter or underwriters (if any), the Holders of a
     majority in aggregate principal amount of the Registrable Notes covered by
     such Registration Statement or any Participating Broker-Dealer, as the case
     may be, (i) promptly incorporate in such Registration Statement or
     Prospectus a prospectus supplement or post-effective amendment such
     information as the managing underwriter or underwriters (if any), such
     Holders or any Participating Broker-Dealer, as the case may be (based upon
     advice of counsel), determine is reasonably necessary to be included
     therein and (ii) make all required filings of such prospectus supplement or
     such post-effective amendment as soon as practicable after the Issuer has
     received notification of the matters to be incorporated in such prospectus
     supplement or post-effective amendment; provided, however, that the Issuer
     shall not be required to take any action hereunder that would, in the
     opinion of counsel to the Issuer, violate applicable laws.

          (f) If (1) a Shelf Registration is filed pursuant to Section 3 hereof
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period, furnish to each selling Holder
     of Registrable Notes or each such Participating Broker-Dealer, as the case
     may be, who so requests, its counsel and each managing underwriter, if any,
     at the sole expense of the Issuer, one conformed copy of the Registration
     Statement or Registration Statements and each post-effective amendment
     thereto, including financial statements and schedules, and, if requested,
     all documents incorporated or deemed to be incorporated therein by
     reference and all exhibits.

          (g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2

                                      -10-

<PAGE>

     hereof is required to be delivered under the Securities Act by any
     Participating Broker-Dealer who seeks to sell Exchange Notes during the
     Applicable Period, deliver to each selling Holder of Registrable Notes or
     each such Participating Broker-Dealer, as the case may be, its respective
     counsel, and the underwriters, if any, at the sole expense of the Issuer,
     as many copies of the Prospectus or Prospectuses (including each form of
     preliminary prospectus) and each amendment or supplement thereto and any
     documents incorporated by reference therein as such Persons may reasonably
     request; and, subject to the last paragraph of this Section 5, the Issuer
     and the Guarantors hereby consent to the use of such Prospectus and each
     amendment or supplement thereto by each of the selling Holders of
     Registrable Notes or each such Participating Broker-Dealer, as the case may
     be, and the underwriters or agents, if any, and dealers (if any), in
     connection with the offering and sale of the Registrable Notes covered by,
     or the sale by Participating Broker-Dealers of the Exchange Notes pursuant
     to, such Prospectus and any amendment or supplement thereto.

          (h) Prior to any public offering of Registrable Notes or Exchange
     Notes or any delivery of a Prospectus contained in the Exchange Offer
     Registration Statement by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period, use its reasonable best
     efforts to register or qualify, and to cooperate with the selling Holders
     of Registrable Notes or each such Participating Broker-Dealer, as the case
     may be, the managing underwriter or underwriters, if any, and its
     respective counsel in connection with the registration or qualification (or
     exemption from such registration or qualification) of such Registrable
     Notes or Exchange Notes, as the case may be, for offer and sale under the
     securities or Blue Sky laws of such jurisdictions within the United States
     as any selling Holder, Participating Broker-Dealer, or the managing
     underwriter or underwriters reasonably request; provided, however, that
     where Exchange Notes or Registrable Notes are offered other than through an
     underwritten offering, the Issuer agrees to use its reasonable best efforts
     to cause the Issuer's counsel to perform Blue Sky investigations and file
     registrations and qualifications required to be filed pursuant to this
     Section 5(h); keep each such registration or qualification (or exemption
     therefrom) effective during the period such Registration Statement is
     required to be kept effective and do any and all other acts or things
     reasonably necessary or advisable to enable the disposition in such
     jurisdictions of such Exchange Notes or Registrable Notes covered by the
     applicable Registration Statement; provided, however, that the Issuer shall
     not be required to (A) qualify generally to do business in any jurisdiction
     where it is not then so qualified, (B) take any action that would subject
     it to general service of process in any such jurisdiction where it is not
     then so subject or (C) subject itself to taxation in excess of a nominal
     dollar amount in any such jurisdiction where it is not then so subject.

          (i) If a Shelf Registration is filed pursuant to Section 3 hereof,
     cooperate with the selling Holders of Registrable Notes and the managing
     underwriter or underwriters, if any, to facilitate the timely preparation
     and delivery of certificates representing Registrable Notes to be sold,
     which certificates shall not bear any restrictive legends and shall be in a
     form eligible for deposit with The Depository Trust Company and enable such
     Registrable Notes to be in such denominations and registered in such names
     as the managing underwriter or underwriters, if any, or selling Holders may
     request at least five Business Days prior to any sale of such Registrable
     Notes or Exchange Notes.

          (j) If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period, upon the occurrence of any
     event contemplated by Section 5(c)(v) or 5(c)(vi) hereof, as promptly as
     practicable prepare and

                                      -11-

<PAGE>

     (subject to Section 5(a) and the penultimate paragraph of this Section 5)
     file with the Commission, at the sole expense of the Issuer, a supplement
     or post-effective amendment to the Registration Statement or a supplement
     to the related Prospectus or any document incorporated or deemed to be
     incorporated therein by reference, or file any other required document so
     that, as thereafter delivered to the purchasers of the Registrable Notes
     being sold thereunder or to the purchasers of the Exchange Notes to whom
     such Prospectus will be delivered by a Participating Broker-Dealer, any
     such Prospectus will not contain an untrue statement of a material fact or
     omit to state a material fact required to be stated therein or necessary to
     make the statements therein, in the light of the circumstances under which
     they were made, not misleading.

          (k) Prior to the effective date of the first Registration Statement
     relating to the Registrable Notes, (i) provide the Trustee with
     certificates for the Registrable Notes in a form eligible for deposit with
     The Depository Trust Company and (ii) provide a CUSIP number for the
     Registrable Notes.

          (l) In connection with any underwritten offering of Registrable Notes
     pursuant to a Shelf Registration, enter into an underwriting agreement as
     is customary in underwritten offerings of debt securities similar to the
     Notes and take all such other actions as are reasonably requested by the
     managing underwriter or underwriters in order to expedite or facilitate the
     registration or the disposition of such Registrable Notes and, in such
     connection, (i) make such representations and warranties and
     indemnifications to, and covenants with, the underwriters with respect to
     the business of the Issuer and its subsidiaries, as then conducted
     (including any acquired business, properties or entity, if applicable), and
     the Registration Statement, Prospectus and documents, if any, incorporated
     or deemed to be incorporated by reference therein, in each case, as are
     customarily made by issuers to underwriters in underwritten offerings of
     debt securities similar to the Notes, and confirm the same in writing if
     and when requested; (ii) use its reasonable best efforts to obtain the
     written opinions of counsel to the Issuer and written updates thereof in
     form, scope and substance reasonably satisfactory to the managing
     underwriter or underwriters, addressed to the underwriters covering the
     matters customarily covered in opinions requested in underwritten offerings
     and such other matters as may be reasonably requested by the managing
     underwriter or underwriters; and (iii) use its reasonable best efforts to
     obtain "cold comfort" letters and updates thereof in form, scope and
     substance reasonably satisfactory to the managing underwriter or
     underwriters from the independent certified public accountants of the
     Issuer (and, if necessary, any other independent certified public
     accountants of any subsidiary of the Issuer or of any business acquired by
     the Issuer for which financial statements and financial data are, or are
     required to be, included or incorporated by reference in the Registration
     Statement), addressed to each of the underwriters, such letters to be in
     customary form and covering matters of the type customarily covered in
     "cold comfort" letters in connection with underwritten offerings. The above
     shall be done at each closing under such underwriting agreement, or as and
     to the extent required thereunder.

          (m) If (1) a Shelf Registration is filed pursuant to Section 3 hereof
     or (2) a Prospectus contained in the Exchange Offer Registration Statement
     filed pursuant to Section 2 hereof is required to be delivered under the
     Securities Act by any Participating Broker-Dealer who seeks to sell
     Exchange Notes during the Applicable Period, make available for inspection
     by any selling Holder of such Registrable Notes being sold or each such
     Participating Broker-Dealer, as the case may be, any underwriter
     participating in any such disposition of Registrable Notes, if any, and any
     attorney, accountant or other agent retained by any such selling Holder or
     each such Participating Broker-Dealer, as the case may be, or underwriter
     (collectively, the "INSPECTORS"), at the offices where normally kept,
     during reasonable business hours, all financial and other records,
     pertinent corporate documents and instruments of the Issuer and its
     subsidiaries

                                      -12-

<PAGE>

     (collectively, the "RECORDS") as shall be reasonably necessary to enable
     them to exercise any applicable due diligence responsibilities, and cause
     the officers, directors and employees of the Issuer and its subsidiaries to
     supply all information reasonably requested by any such Inspector in
     connection with such Registration Statement and Prospectus. Each Inspector
     shall agree in writing that it will keep the Records confidential and that
     it will not disclose, or use in connection with any market transactions in
     violation of any applicable securities laws, any Records that the Issuer
     determines, in good faith, to be confidential and that it notifies the
     Inspectors in writing are confidential unless (i) the disclosure of such
     Records is necessary to avoid or correct a misstatement or omission in such
     Registration Statement or Prospectus, (ii) the release of such Records is
     ordered pursuant to a subpoena or other order from a court of competent
     jurisdiction, (iii) disclosure of such information is necessary or
     advisable in the opinion of counsel for an Inspector in connection with any
     action, claim, suit or proceeding, directly or indirectly, involving or
     potentially involving such Inspector and arising out of, based upon,
     relating to, or involving this Agreement or the Purchase Agreement, or any
     transactions contemplated hereby or thereby or arising hereunder or
     thereunder, or (iv) the information in such Records has been made generally
     available to the public; provided, however, that (i) each Inspector shall
     agree to use reasonable best efforts to provide notice to the Issuer of the
     potential disclosure of any information by such Inspector pursuant to
     clause (i), (ii) or (iii) of this sentence to permit the Issuer to obtain a
     protective order (or waive the provisions of this paragraph (n)) and (ii)
     each such Inspector shall take such actions as are reasonably necessary to
     protect the confidentiality of such information (if practicable) to the
     extent such action is otherwise not inconsistent with, an impairment of or
     in derogation of the rights and interests of the Holder or any Inspector.

          (n) Provide an indenture trustee for the Registrable Notes or the
     Exchange Notes, as the case may be, and cause the Indenture or the trust
     indenture provided for in Section 2(a) hereof to be qualified under the TIA
     not later than the effective date of the Exchange Offer or the first
     Registration Statement relating to the Registrable Notes; and in connection
     therewith, cooperate with the trustee under any such indenture and the
     Holders of the Registrable Notes or Exchange Notes, as applicable, to
     effect such changes to such indenture as may be required for such indenture
     to be so qualified in accordance with the terms of the TIA; and execute,
     and use its reasonable best efforts to cause such trustee to execute, all
     documents as may be required to effect such changes, and all other forms
     and documents required to be filed with the Commission to enable such
     indenture to be so qualified in a timely manner.

          (o) Comply with all applicable rules and regulations of the Commission
     and make generally available to the Issuer's securityholders earnings
     statements satisfying the provisions of Section 11(a) of the Securities Act
     and Rule 158 thereunder (or any similar rule promulgated under the
     Securities Act) no later than 45 days after the end of any 12-month period
     (or 90 days after the end of any 12-month period if such period is a fiscal
     year) (i) commencing at the end of any fiscal quarter in which Registrable
     Notes or Exchange Notes are sold to underwriters in a firm commitment or
     best efforts underwritten offering and (ii) if not sold to underwriters in
     such an offering, commencing on the first day of the first fiscal quarter
     of the Issuer after the effective date of a Registration Statement, which
     statements shall cover said 12-month periods consistent with the
     requirements of Rule 158.

          (p) If the Exchange Offer or a Private Exchange is to be consummated,
     upon delivery of the Registrable Notes by Holders to the Issuer (or to such
     other Person as directed by the Issuer) in exchange for the Exchange Notes
     or the Private Exchange Notes, as the case may be, mark, or cause to be
     marked, on such Registrable Notes that such Registrable Notes are being
     cancelled in exchange for the Exchange Notes or the Private Exchange Notes,
     as the case may be; provided that in no event shall such Registrable Notes
     be marked as paid or otherwise satisfied.

                                      -13-

<PAGE>

          (q) Cooperate with each seller of Registrable Notes covered by any
     Registration Statement and each underwriter, if any, participating in the
     disposition of such Registrable Notes and their respective counsel in
     connection with any filings required to be made with the National
     Association of Securities Dealers, Inc. (the "NASD").

          (r) Use its reasonable best efforts to take all other steps reasonably
     necessary or advisable to effect the registration of the Exchange Notes
     and/or Registrable Notes covered by a Registration Statement contemplated
     hereby.

          The Issuer may require each seller of Registrable Notes or Exchange
Notes as to which any registration is being effected to furnish to the Issuer
such information regarding such seller and the distribution of such Registrable
Notes or Exchange Notes as the Issuer may, from time to time, reasonably
request. The Issuer may exclude from such registration the Registrable Notes of
any seller so long as such seller fails to furnish such information within a
reasonable time after receiving such request and in the event of such an
exclusion, the Issuer shall have no further obligation under this Agreement
(including, without limitation, the obligations under Section 4) with respect to
such seller or any subsequent Holder of such Registrable Notes. Each seller as
to which any Shelf Registration is being effected agrees to furnish promptly to
the Issuer all information required to be disclosed in order to make any
information previously furnished to the Issuer by such seller not materially
misleading.

          If any such Registration Statement refers to any Holder by name or
otherwise as the holder of any securities of the Issuer, then such Holder shall
have the right to require (i) the insertion therein of language, in form and
substance reasonably satisfactory to such Holder, to the effect that the holding
by such Holder of such securities is not to be construed as a recommendation by
such Holder of the investment quality of the securities covered thereby and that
such holding does not imply that such Holder will assist in meeting any future
financial requirements of the Issuer, or (ii) in the event that such reference
to such Holder by name or otherwise is not required by the Securities Act or any
similar federal statute then in force, the deletion of the reference to such
Holder in any amendment or supplement to the applicable Registration Statement
filed or prepared subsequent to the time that such reference ceases to be
required.

          Each Holder of Registrable Notes and each Participating Broker-Dealer
agrees by acquisition of such Registrable Notes or Exchange Notes that, upon
actual receipt of any notice from the Issuer (x) of the happening of any event
of the kind described in Section 5(c)(ii), 5(c)(iii), 5(c)(iv), or 5(c)(v)
hereof, or (y) that the Board of Directors of the Issuer (the "BOARD OF
DIRECTORS") has determined that the Issuer has a bona fide business purpose for
doing so, then the Issuer may delay the filing or the effectiveness of the
Exchange Offer Registration Statement or the Shelf Registration Statement (if
not then filed or effective, as applicable) and shall not be required to
maintain the effectiveness thereof or amend or supplement the Exchange Offer
Registration Statement or the Shelf Registration, in all cases, for a period (a
"DELAY PERIOD") expiring upon the earlier to occur of (i) in the case of the
immediately preceding clause (x), such Holder's or Participating Broker-Dealer's
receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof or until it is advised in writing (the "ADVICE") by the
Issuer that the use of the applicable Prospectus may be resumed, and has
received copies of any amendments or supplements thereto or (ii) in the case of
the immediately preceding clause (y), the date which is the earlier of (A) the
date on which such business purpose ceases to interfere with the Issuer's
obligations to file or maintain the effectiveness of any such Registration
Statement pursuant to this Agreement or (B) 90 days after the Issuer notifies
the Holders of such good faith determination. There shall not be more than 90
days of Delay Periods during any 12-month period. Each of the Effectiveness
Period and the Applicable Period, if applicable, shall be extended by the number
of days during any Delay Period. Any Delay Period will not alter the obligations
of the Issuer to pay Liquidated Damages under the circumstances set forth in
Section 4 hereof.

                                      -14-

<PAGE>

          In the event of any Delay Period pursuant to clause (y) of the
preceding paragraph, notice shall be given as soon as practicable after the
Board of Directors makes such a determination of the need for a Delay Period and
shall state, to the extent practicable, an estimate of the duration of such
Delay Period and shall advise the recipient thereof of the agreement of such
Holder provided in the next succeeding sentence. Each Holder, by his acceptance
of any Registrable Note, agrees that during any Delay Period, each Holder will
discontinue disposition of such Notes or Exchange Notes covered by such
Registration Statement or Prospectus or Exchange Notes to be sold by such Holder
or Participating Broker-Dealer, as the case may be.

     Section 6. Registration Expenses

          All fees and expenses incident to the performance of or compliance
with this Agreement by the Issuer and the Guarantors (other than any
underwriting discounts or commissions) shall be borne by the Issuer, whether or
not the Exchange Offer Registration Statement or the Shelf Registration is filed
or becomes effective or the Exchange Offer is consummated, including, without
limitation, (i) all registration and filing fees (including, without limitation,
(A) fees with respect to filings required to be made with the NASD in connection
with an underwritten offering and (B) fees and expenses of compliance with state
securities or Blue Sky laws (including, without limitation, reasonable fees and
disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Notes or Exchange Notes and determination of the eligibility of the
Registrable Notes or Exchange Notes for investment under the laws of such
jurisdictions (x) where the holders of Registrable Notes are located, in the
case of an Exchange Offer, or (y) as provided in Section 5(h) hereof, in the
case of a Shelf Registration or in the case of Exchange Notes to be sold by a
Participating Broker-Dealer during the Applicable Period)), (ii) printing
expenses, including, without limitation, expenses of printing certificates for
Registrable Notes or Exchange Notes in a form eligible for deposit with The
Depository Trust Company and of printing prospectuses if the printing of
prospectuses is requested by the managing underwriter or underwriters, if any,
or by the Holders of a majority in aggregate principal amount of the Registrable
Notes included in any Registration Statement or in respect of Exchange Notes to
be sold by any Participating Broker-Dealer during the Applicable Period, as the
case may be, (iii) messenger, telephone and delivery expenses, (iv) fees and
disbursements of counsel for the Issuer and reasonable fees and disbursements of
one special counsel for all of the sellers of Registrable Notes (exclusive of
any counsel retained pursuant to Section 7 hereof), (v) fees and disbursements
of all independent certified public accountants referred to in Section 5(m)(iii)
hereof (including, without limitation, the expenses of any special audit and
"cold comfort" letters required by or incident to such performance), (vi)
Securities Act liability insurance, if the Issuer desires such insurance, (vii)
fees and expenses of all other Persons retained by the Issuer, (viii) internal
expenses of the Issuer (including, without limitation, all salaries and expenses
of officers and employees of the Issuer performing legal or accounting duties),
(ix) the expense of any annual audit, (x) the fees and expenses incurred in
connection with the listing of the securities to be registered on any securities
exchange, and the obtaining of a rating of the securities, in each case, if
applicable, and (xi) the expenses relating to printing, word processing and
distributing all Registration Statements, underwriting agreements, indentures
and any other documents necessary in order to comply with this Agreement.
Notwithstanding the foregoing or anything to the contrary, each Holder shall pay
all underwriting discounts and commissions of any underwriters with respect to
any Registrable Notes sold by or on behalf of it.

     Section 7. Indemnification

          (a) Each of the Issuer and the Guarantors agree, jointly and
severally, to indemnify and hold harmless each Holder of Registrable Notes and
each Participating Broker-Dealer selling Exchange Notes during the Applicable
Period, each Person, if any, who controls any such Person within the meaning of
Section 15 of the Securities Act or Section 20(a) of the Exchange Act, the
agents, employees,

                                      -15-

<PAGE>

officers and directors of each Holder and each such Participating Broker-Dealer
and the agents, employees, officers and directors of any such controlling Person
(each, a "PARTICIPANT") from and against any and all losses, liabilities,
claims, damages and expenses (including, but not limited to, reasonable
attorneys' fees and any and all reasonable out-of-pocket expenses actually
incurred in investigating, preparing or defending against any litigation,
commenced or threatened, or any claim whatsoever, and any and all reasonable
amounts paid in settlement of any claim or litigation (in the manner set forth
in clause (c) below)) (collectively, "LOSSES") to which they or any of them may
become subject under the Securities Act, the Exchange Act or otherwise insofar
as such Losses (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement (or any amendment thereto) or Prospectus (as amended
or supplemented if the Issuer shall have furnished any amendments or supplements
thereto) or any preliminary prospectus, or caused by, arising out of or based
upon any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in the case of
the Prospectus, in the light of the circumstances under which they were made,
not misleading, provided that (i) the foregoing indemnity shall not be available
to any Participant insofar as such Losses are caused by any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in
conformity with information relating to such Participant furnished to the Issuer
in writing by or on behalf of such Participant expressly for use therein, and
(ii) that the foregoing indemnity with respect to any preliminary prospectus
shall not inure to the benefit of any Participant from whom the Person asserting
such Losses purchased Registrable Notes if (x) it is established in the related
proceeding that such Participant failed to send or give a copy of the Prospectus
(as amended or supplemented if such amendment or supplement was furnished to
such Participant prior to the written confirmation of such sale) to such Person
with or prior to the written confirmation of such sale, if required by
applicable law, and (y) the untrue statement or omission or alleged untrue
statement or omission was corrected in the Prospectus so that the Prospectus (as
amended or supplemented if amended or supplemented as aforesaid) no longer
contains such untrue statement or omission or alleged untrue statement or
omission, and such Prospectus does not contain any other untrue statement or
omission or alleged untrue statement or omission that was the subject matter of
the related proceeding. This indemnity agreement will be in addition to any
liability that the Issuer may otherwise have, including, but not limited to,
liability under this Agreement.

          (b) Each Participant agrees, severally and not jointly, to indemnify
and hold harmless the Issuer, each Person, if any, who controls the Issuer
within the meaning of Section 15 of the Securities Act or Section 20(a) of the
Exchange Act, and each of its agents, employees, officers and directors and the
agents, employees, officers and directors of any such controlling Person from
and against any Losses to which they or any of them may become subject under the
Securities Act, the Exchange Act or otherwise insofar as such Losses (or actions
in respect thereof) arise out of or are based upon any untrue statement or
alleged untrue statement of a material fact contained in any Registration
Statement (or any amendment thereto) or Prospectus (as amended or supplemented
if the Issuer shall have furnished any amendments or supplements thereto) or any
preliminary prospectus, or caused by, arising out of or based upon any omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein, in the case of the
Prospectus, in the light of the circumstances under which they were made, not
misleading, in each case to the extent, but only to the extent, that any such
Loss arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in reliance upon and in
conformity with information relating to such Participant furnished in writing to
the Issuer by or on behalf of such Participant expressly for use therein.

          (c) Promptly after receipt by an indemnified party under subsection
7(a) or 7(b) above of notice of the commencement of any action, suit or
proceeding (collectively, an "ACTION"), such indemnified party shall, if a claim
in respect thereof is to be made against the indemnifying party under such
subsection, notify each party against whom indemnification is to be sought in
writing of the

                                      -16-

<PAGE>

commencement of such action (but the failure so to notify an indemnifying party
shall not relieve such indemnifying party from any liability that it may have
under this Section 7 except to the extent that it has been prejudiced in any
material respect by such failure). In case any such action is brought against
any indemnified party, and it notifies an indemnifying party of the commencement
of such action, the indemnifying party will be entitled to participate in such
action, and to the extent it may elect by written notice delivered to the
indemnified party promptly after receiving the aforesaid notice from such
indemnified party, to assume the defense of such action with counsel
satisfactory to such indemnified party. Notwithstanding the foregoing, the
indemnified party or parties shall have the right to employ its or their own
counsel in any such action, but the fees and expenses of such counsel shall be
at the expense of such indemnified party or parties unless (i) the employment of
such counsel shall have been authorized in writing by the indemnifying parties
in connection with the defense of such action, (ii) the indemnifying parties
shall not have employed counsel to take charge of the defense of such action
within a reasonable time after notice of commencement of the action, or (iii)
the named parties to such action (including any impleaded parties) include such
indemnified party and the indemnifying party or parties (or such indemnifying
parties have assumed the defense of such action), and such indemnified party or
parties shall have reasonably concluded, based on advice of counsel, that there
may be defenses available to it or them that are different from or additional to
those available to one or all of the indemnifying parties (in which case the
indemnifying parties shall not have the right to direct the defense of such
action on behalf of the indemnified party or parties), in any of which events
such reasonable fees and expenses of counsel shall be borne by the indemnifying
parties. In no event shall the indemnifying party be liable for the fees and
expenses of more than one counsel (together with appropriate local counsel) at
any time for all indemnified parties in connection with any one action or
separate but substantially similar or related actions arising out of the same
general allegations or circumstances. Any such separate firm for the
Participants shall be designated in writing by Participants who sold a majority
in interest of Registrable Notes sold by all such Participants and shall be
reasonably acceptable to the Issuer and any such separate firm for the Issuer,
its affiliates, officers, directors, representatives, employees and agents and
such control Person of the Issuer shall be designated in writing by the Issuer
and shall be reasonable acceptable to the Holders. An indemnifying party shall
not be liable for any settlement of any claim or action effected without its
written consent, which consent may not be unreasonably withheld, delayed or
conditioned. No indemnifying party shall, without the prior written consent of
the indemnified party, effect any settlement of any pending or threatened
proceeding in respect of which any indemnified party is a party or otherwise
could be entitled to indemnity hereunder, unless such settlement includes an
unconditional release of such indemnified party from all liability or claims
that are the subject matter of such settlement.

          (d) In order to provide for contribution in circumstances in which the
indemnification provided for in this Section 7 is for any reason held to be
unavailable from the indemnifying party, or is insufficient to hold harmless a
party indemnified under this Section 7, each indemnifying party shall contribute
to the amount paid or payable by such indemnified party as a result of such
aggregate Losses (i) in such proportion as is appropriate to reflect the
relative benefits received by each indemnifying party, on the one hand, and each
indemnified party, on the other hand, from the sale of the Notes to the Initial
Purchasers or the resale of the Registrable Notes by such Holder, as applicable,
or (ii) if such allocation is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred
to in clause (i) above but also the relative fault of each indemnified party, on
the one hand, and each indemnifying party, on the other hand, in connection with
the statements or omissions that resulted in such Losses, as well as any other
relevant equitable considerations. The relative benefits received by the Issuer,
on the one hand, and each Participant, on the other hand, shall be deemed to be
in the same proportion as (x) the total proceeds from the sale of the Notes to
the Initial Purchasers (net of discounts and commissions but before deducting
expenses) received by the Issuer are to (y) the total net profit received by
such Participant in connection with the sale of the Registrable Notes. The
relative fault of the parties shall be determined by reference to, among other
things, whether the untrue or alleged

                                      -17-

<PAGE>

untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by the Issuer or such
Participant and the parties' relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission or alleged
statement or omission.

          (e) The parties agree that it would not be just and equitable if
contribution pursuant to this Section 7 were determined by pro rata allocation
or by any other method of allocation that does not take into account the
equitable considerations referred to above. Notwithstanding the provisions of
this Section 7, (i) in no case shall any Participant be required to contribute
any amount in excess of the amount by which the net profit received by such
Participant in connection with the sale of the Registrable Notes exceeds the
amount of any damages that such Participant has otherwise been required to pay
by reason of any untrue or alleged untrue statement or omission or alleged
omission and (ii) no person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. Any party entitled to contribution will, promptly after
receipt of notice of commencement of any action against such party in respect of
which a claim for contribution may be made against another party or parties
under this Section 7, notify such party or parties from whom contribution may be
sought, but the omission to so notify such party or parties shall not relieve
the party or parties from whom contribution may be sought from any obligation it
or they may have under this Section 7 or otherwise, except to the extent that it
has been prejudiced in any material respect by such failure; provided, however,
that no additional notice shall be required with respect to any action for which
notice has been given under this Section 7 for purposes of indemnification.
Anything in this section to the contrary notwithstanding, no party shall be
liable for contribution with respect to any action or claim settled without its
written consent, provided, however, that such written consent was not
unreasonably withheld.

     Section 8. Rules 144 and 144A

          The Issuer and each Guarantor covenants that it will file the reports
required, if any, to be filed by it under the Securities Act and the Exchange
Act and the rules and regulations adopted by the Commission thereunder in a
timely manner in accordance with the requirements of the Securities Act and the
Exchange Act and, if at any time the Issuer is not required to file such
reports, it will, upon the request of any Holder or beneficial owner of
Registrable Notes, make available such information necessary to permit sales
pursuant to Rule 144A under the Securities Act. The Issuer and each Guarantor
further covenants that for so long as any Registrable Notes remain outstanding
it will take such further action as any Holder of Registrable Notes may
reasonably request from time to time to enable such Holder to sell Registrable
Notes without registration under the Securities Act within the limitation of the
exemptions provided by (a) Rule 144(k) and Rule 144A under the Securities Act,
as such Rules may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the Commission.

     Section 9. Underwritten Registrations

          If any of the Registrable Notes covered by any Shelf Registration are
to be sold in an underwritten offering, the investment banker or investment
bankers and manager or managers that will manage the offering will be selected
by the Holders of a majority in aggregate principal amount of such Registrable
Notes included in such offering and shall be reasonably acceptable to the
Issuer.

          No Holder of Registrable Notes may participate in any underwritten
registration hereunder if such Holder does not (a) agree to sell such Holder's
Registrable Notes on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b)
complete and execute all questionnaires, powers of attorney, indemnities,

                                      -18-

<PAGE>

underwriting agreements and other documents required under the terms of such
underwriting arrangements.

     Section 10. Miscellaneous

          (a) No Inconsistent Agreements.  The Issuer and each of the Guarantors
has not, as of the date hereof, and shall not have, after the date of this
Agreement, entered into any agreement with respect to any of its securities that
is inconsistent with the rights granted to the Holders of Registrable Notes in
this Agreement or otherwise conflicts with the provisions hereof.

          (b) Adjustments Affecting Registrable Notes.  The Issuer and the
Guarantors shall not, directly or indirectly, take any action with respect to
the Registrable Notes as a class that would adversely affect the ability of the
Holders of Registrable Notes to include such Registrable Notes in a registration
undertaken pursuant to this Agreement.

          (c) Amendments and Waivers.  The provisions of this Agreement may not
be amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given except pursuant to a written agreement
duly signed and delivered by (I) the Issuer and the Guarantors and (II)(A) the
Holders of not less than a majority in aggregate principal amount of the then
outstanding Registrable Notes and (B) in circumstances that would adversely
affect the Participating Broker-Dealers, the Participating Broker-Dealers
holding not less than a majority in aggregate principal amount of the Exchange
Notes held by all Participating Broker-Dealers; provided, however, that Section
7 and this Section 10(c) may not be amended, modified or supplemented except
pursuant to a written agreement duly signed and delivered by the Issuer and each
Holder and each Participating Broker-Dealer (including any Person who was a
Holder or Participating Broker-Dealer of Registrable Notes or Exchange Notes, as
the case may be, disposed of pursuant to any Registration Statement) affected by
any such amendment, modification, supplement or waiver. Notwithstanding the
foregoing, a waiver or consent to depart from the provisions hereof with respect
to a matter that relates exclusively to the rights of Holders of Registrable
Notes whose securities are being sold pursuant to a Registration Statement and
that does not directly or indirectly affect, impair, limit or compromise the
rights of other Holders of Registrable Notes may be given by Holders of at least
a majority in aggregate principal amount of the Registrable Notes being sold
pursuant to such Registration Statement.

          (d) Notices.  All notices and other communications (including, without
limitation, any notices or other communications to the Trustee) provided for or
permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or telecopier:

          (i) if to a Holder of the Registrable Notes or any Participating
     Broker-Dealer, at the most current address of such Holder or Participating
     Broker-Dealer, as the case may be, set forth on the records of the
     registrar under the Indenture.

          (ii) if to the Issuer and the Guarantors, at the address as follows:

                              Builders FirstSource, Inc.
                              2001 Bryan Street,
                              Suite 1600,
                              Dallas, TX 75201

                              Telephone: (214) 880-3500
                              Fax: (214) 880-3577)
                              Attention: General Counsel

                                      -19-

<PAGE>

                              With a copy to:
                              Skadden, Arps, Slate, Meagher & Flom LLP
                              One Rodney Square
                              P.O. Box 636
                              Wilmington, DE 19899

                              Telephone: (302) 651-3000
                              Fax: (302) 651-3001
                              Attention: Robert B. Pincus, Esq.

               (iii) if to the Initial Purchasers, at the address as follows:

                              UBS Securities LLC
                              677 Washington Boulevard
                              Stamford, CT  06901
                              Telephone: (203) 719-3000
                              Fax number: (212) 719-1099
                              Attention: High Yield Capital Markets

                              With a copy at such address to the
                              attention of Legal Department,
                              fax number (203) 719-6177

     All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; five Business Days after
being deposited in the mail, postage prepaid, if mailed; when receipt is
acknowledged by the recipient's telecopier machine, if telecopied; and on the
next Business Day, if timely delivered to an air courier guaranteeing overnight
delivery.

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

          (e) Successors and Assigns.  This Agreement shall inure to the benefit
of and be binding upon the successors and assigns of each of the parties hereto,
the Holders and the Participating Broker-Dealers; provided, however, that this
Agreement shall not inure to the benefit of or be binding upon a successor or
assign of a Holder unless and to the extent such successor or assign holds
Registrable Notes.

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

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

          (H) GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS
MADE AND PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK.

                                      -20-

<PAGE>

          (i) Severability.  If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

          (j) Securities Held by the Issuer, the Guarantors or Their Respective
Affiliates.  Whenever the consent or approval of Holders of a specified
percentage of Registrable Notes is required hereunder, Registrable Notes held by
the Issuer, the Guarantors or any of their respective affiliates (as such term
is defined in Rule 405 under the Securities Act) shall not be counted in
determining whether such consent or approval was given by the Holders of such
required percentage.

          (k) Third-Party Beneficiaries.  Holders and beneficial owners of
Registrable Notes and Participating Broker-Dealers are intended third-party
beneficiaries of this Agreement, and this Agreement may be enforced by such
Persons. No other Person is intended to be, or shall be construed as, a
third-party beneficiary of this Agreement.

          (l) Entire Agreement.  This Agreement, together with the Purchase
Agreement and the Indenture, is intended by the parties as a final and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein and therein and any and all prior oral or
written agreements, representations, or warranties, contracts, understandings,
correspondence, conversations and memoranda between the Holders on the one hand
and the Issuer and the Guarantors on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.

                                      -21-

<PAGE>

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

                                     BUILDERS FIRSTSOURCE, INC., a Delaware
                                     corporation

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - NORTHEAST GROUP,
                                     LLC, a Delaware limited liability company,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - TEXAS GENPAR, LLC,
                                     a Delaware limited liability  company,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - MBS, LLC,
                                     a Delaware limited liability company,
                                     as Guarantor

                                     By: /s/ Andrew T. Panaccione
                                         ---------------------------------------
                                         Name:  Andrew T. Panaccione
                                         Title: Vice President and Secretary

                                     BUILDERS FIRSTSOURCE - TEXAS GROUP, L.P.,
                                     a Texas limited partnership, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BFS TEXAS, LLC, a Delaware limited
                                     liability company, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                (Signature page to registration rights agreement)

<PAGE>

                                     BUILDERS FIRSTSOURCE - SOUTH TEXAS, L.P.,
                                     a Texas limited partnership as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - TEXAS INSTALLED
                                     SALES, L.P., a Texas limited  partnership,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BFS IP, LLC, a Delaware limited liability
                                     company, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - INTELLECTUAL
                                     PROPERTY, L.P., a Texas limited
                                     partnership, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE HOLDINGS, INC.,
                                     a Delaware corporation, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - DALLAS, LLC,
                                     a Delaware  limited  liability  company, as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                (Signature page to registration rights agreement)

<PAGE>

                                     BUILDERS FIRSTSOURCE - FLORIDA, LLC,
                                     a Delaware limited  liability  company, as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - FLORIDA DESIGN
                                     CENTER, LLC, a Delaware limited liability
                                     company, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - OHIO VALLEY, LLC,
                                     a Delaware limited liability company,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BFS, LLC, a Delaware limited liability
                                     company, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - ATLANTIC GROUP,
                                     LLC, a Delaware limited liability company,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE OF NASHVILLE, INC.,
                                     a Tennessee corporation, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                (Signature page to registration rights agreement)

<PAGE>

                                     BUILDERS FIRSTSOURCE - SOUTHEAST GROUP,
                                     LLC, a Delaware limited liability company,
                                     as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - SNC, LLC,
                                     a Delaware limited liability company, as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     CCWP, INC., a South Carolina close
                                     corporation, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - RALEIGH, LLC, a
                                     Delaware limited liability company, as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - COLORADO GROUP, LLC,
                                     a Delaware limited liability company,as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                                     BUILDERS FIRSTSOURCE - COLORADO, LLC,
                                     a Delaware limited liability company, as
                                     Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                (Signature page to registration rights agreement)

<PAGE>

                                     BUILDERS FIRSTSOURCE FINANCING, INC.,
                                     a Delaware corporation, as Guarantor

                                     By: /s/ Donald F. McAleenan
                                         ---------------------------------------
                                         Name:  Donald F. McAleenan
                                         Title: Senior Vice President

                (Signature page to registration rights agreement)

<PAGE>

                                     UBS SECURITIES, LLC

                                     By: UBS SECURITIES LLC

                                     By: /s/ Mark Smolin
                                         ---------------------------------------
                                         Name:  Mark Smolin
                                         Title: Executive Director

                                     By: /s/ Martin Arzac
                                         ---------------------------------------
                                         Name:  Martin Arzac
                                         Title: Director

                                     DEUTSCHE BANK SECURITIES INC.

                                     By: DEUTSCHE BANK SECURITIES INC.

                                     By: /s/ John Eydenberg
                                         ---------------------------------------
                                         Name:  John Eydenberg
                                         Title: Managing Director

                                     By: /s/ Stephanie Perry
                                         ---------------------------------------
                                         Name:  Stephanie Perry
                                         Title: Director

                (Signature page to registration rights agreement)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}]]