Document:

<PAGE>
                               VICOM, INCORPORATED

                             SUBORDINATED DEBENTURES

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

                                    INDENTURE

                             DATED AS OF AUGUST, 2000

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

                 FIRSTAR BANK OF MINNESOTA, NATIONAL ASSOCIATION

                                       AS

                                     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.
   (b)..............................................................................7.8; 7.10; 11.2
   (c)..............................................................................N.A.
311(a)..............................................................................7.11
   (b)..............................................................................7.11
   (c)..............................................................................N.A.
312(a)..............................................................................2.6
   (b).............................................................................11.3
   (c).............................................................................11.3
313(a)..............................................................................7.6
   (b)(1)...........................................................................N.A.
   (b)(2)...........................................................................7.6
   (c).............................................................................11.2
   (d)..............................................................................7.6
314(a)..............................................................................4.2; 11.2
   (b)..............................................................................N.A.
   (c)(1)..........................................................................11.4
   (c)(2)..........................................................................11.4
   (c)(3)...........................................................................N.A.
   (d)..............................................................................N.A.
   (e).............................................................................11.5
   (f)..............................................................................4.3
315(a)..............................................................................7.1(b)
   (b)..............................................................................7.5; 11.2
   (c)..............................................................................7.1(a)
   (d)..............................................................................7.1(c)
   (e)..............................................................................6.11
316(a)(last sentence)...............................................................2.10
   (a)(1)(A)........................................................................6.5
   (a)(1)(B)........................................................................6.4
   (a)(2)...........................................................................N.A.
   (b)..............................................................................6.7
317(a)(1)...........................................................................6.8
   (a)(2)...........................................................................6.9
   (b)..............................................................................2.5
318(a).............................................................................11.1
</TABLE>
                           N.A. MEANS NOT APPLICABLE.

                                     -i-
<PAGE>

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

                                    -ii-

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

                                                                                        PAGE

             ARTICLE 1-- DEFINITIONS AND INCORPORATION BY REFERENCE
<S>           <C>                                                                       <C>
Section 1.1   Definitions.................................................................1
Section 1.2   Other Definitions...........................................................2
Section 1.3   Incorporation by Reference of TIA...........................................3
Section 1.4   Rules of Construction.......................................................3

                           ARTICLE 2 -- THE DEBENTURES

Section 2.1   Form and Dating.............................................................3
Section 2.2   Terms.......................................................................4
Section 2.3   Execution and Authentication................................................4
Section 2.4   Registrar and Paying Agent..................................................5
Section 2.5   Paying Agent to Hold Money in Trust.........................................5
Section 2.6   Certificateholder Lists.....................................................5
Section 2.7   Transfer and Exchange.......................................................6
Section 2.8   Replacement Debentures......................................................6
Section 2.9   Outstanding Debentures......................................................6
Section 2.10   Treasury Debentures........................................................7
Section 2.11   Temporary Debentures.......................................................7
Section 2.12   Cancellation...............................................................7
Section 2.13   Defaulted Interest.........................................................7

                             ARTICLE 3 -- REDEMPTION

Section 3.1   Applicability of Article....................................................7
Section 3.2   Notices to Trustee..........................................................8
Section 3.3   Selection of Debentures to Be Redeemed......................................8
Section 3.4   Notice of Redemption........................................................8
Section 3.5   Effect of Notice of Redemption..............................................9
Section 3.6   Deposit of Redemption Price.................................................9
Section 3.7   Debentures Redeemed in Part.................................................9
Section 3.8   Redemption Option upon Death of Holder......................................9

                             ARTICLE 4 -- COVENANTS

Section 4.1   Payment of Debentures......................................................10
Section 4.2   SEC Reports................................................................10
Section 4.3   Compliance Certificate.....................................................11
Section 4.4   Usury laws.................................................................11
Section 4.5   Money for Debenture Payments to Be Held in Trust...........................11
Section 4.6   Continued Existence........................................................12

                             ARTICLE 5 -- SUCCESSORS

Section 5.1   When Company May Merge, Etc................................................12

                                     -iii-

<PAGE>

                       ARTICLE 6 -- DEFAULTS AND REMEDIES

Section 6.1   Events of Default..........................................................12
Section 6.1   Events of Default..........................................................12
Section 6.2   Acceleration...............................................................14
Section 6.3   Other Remedies.............................................................14
Section 6.4   Waiver of Past Defaults....................................................14
Section 6.5   Control by Majority........................................................14
Section 6.6   Limitation on Suits........................................................15
Section 6.7   Rights of Holders to Receive Payment.......................................15
Section 6.8   Collection Suit by Trustee.................................................15
Section 6.9   Trustee May File Proofs of Claim...........................................15
Section 6.10   Priorities................................................................16
Section 6.11   Undertaking for Costs.....................................................16

                              ARTICLE 7 -- TRUSTEE

Section 7.1   Duties of Trustee..........................................................16
Section 7.2   Rights of Trustee..........................................................17
Section 7.3   Individual Rights of Trustee...............................................18
Section 7.4   Trustee's Disclaimer.......................................................18
Section 7.5   Notice of Defaults.........................................................18
Section 7.6   Reports by Trustee to Holders..............................................18
Section 7.7   Compensation and Indemnity.................................................18
Section 7.8   Replacement of Trustee.....................................................19
Section 7.9   Successor Trustee by Merger, Etc...........................................20
Section 7.10   Eligibility; Disqualification.............................................20
Section 7.11   Preferential Collection of Claims Against Company.........................20

                       ARTICLE 8 -- DISCHARGE OF INDENTURE

Section 8.1   Termination of Company's Obligations.......................................21
Section 8.2   Application of Trust Money.................................................21
Section 8.3   Repayment to the Company...................................................22

                             ARTICLE 9 -- AMENDMENTS

Section 9.1   Without Consent of Holders.................................................22
Section 9.2   With Consent of Holders....................................................22
Section 9.3   Compliance with Trust Indenture Act........................................23
Section 9.4   Revocation and Effect of Consents..........................................23
Section 9.5   Notation on or Exchange of Debentures......................................23
Section 9.6   Trustee Protected..........................................................24

                           ARTICLE 10 -- SUBORDINATION

Section 10.1   Agreement to Subordinate..................................................24
Section 10.1   Certain Definitions.......................................................24
Section 10.3   Liquidation; Dissolution; Bankruptcy......................................24
Section 10.4   Default on Senior Indebtedness............................................25
Section 10.5   Acceleration of Debentures................................................26
Section 10.6   When Distribution Must be Paid Over.......................................26

                                     -iv-
<PAGE>

Section 10.7   Notice by Company.........................................................26
Section 10.8   Subrogation...............................................................26
Section 10.9   Relative Rights...........................................................27
Section 10.10   Subordination May Not Be Impaired by Company.............................27
Section 10.11   Distribution or Notice to Representative.................................27
Section 10.12   Rights of Trustee and Paying Agent.......................................27
Section 10.12   Trust Moneys Not Subordinated............................................28
Section 10.12   Trustee Not Fiduciary for Holders of Senior Indebtedness.................28

                           ARTICLE 11 -- MISCELLANEOUS

Section 11.1   TIA Controls..............................................................28
Section 11.2   Notices...................................................................28
Section 11.3   Communication by Holders with Other Holders...............................29
Section 11.4   Certificate and Opinion as to Conditions Precedent........................29
Section 11.5   Statements Required in Certificate or Opinion.............................29
Section 11.6   Rules by Trustee and Agents...............................................30
Section 11.7   Legal Holidays............................................................30
Section 11.8   No Recourse Against Others................................................30
Section 11.9   Duplicate Originals.......................................................30
Section 11.10   Variable Provisions......................................................30
Section 11.11   Governing Law............................................................31
Section 11.12   No Adverse Interpretation of Other Agreements............................31
Section 11.13   Successors...............................................................31
Section 11.14   Severability.............................................................31
Signatures...............................................................................30
</TABLE>

Exhibit A - Form of Debenture

                                    -v-
<PAGE>

         INDENTURE dated as of _____________, 2000, between Vicom,
Incorporated, a Minnesota corporation ("Company"), and Firstar Bank of
Minnesota, National Association, a national banking association ("Trustee").

         Each party agrees as follows for the benefit of the other party and
for the equal and ratable benefit of the Holders of the Company's
Subordinated Debentures:

                                    ARTICLE 1

                   DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.1 DEFINITIONS.

         "AFFILIATE" means any person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company.

         "AGENT" means any Registrar, Paying Agent or co-registrar.

         "BOARD OF DIRECTORS" means the Board of Directors of the Company or
any authorized committee of the Board.

         "COMPANY" means the party named as such above until a successor
replaces it and thereafter means the successor or any other obligor with
respect to the Debentures.

         "COMPANY ORDER" means an order signed in the name of the Company by
its Chairman of the Board, President or a Vice President, and by its
Treasurer, an Assistant Treasurer, Controller, an Assistant Controller,
Secretary or an Assistant Secretary, and delivered to the Trustee.

         "DATE OF ISSUE" means the date that the Company receives the funds
for the purchase of a Debenture if such funds are received prior to 3:00 p.m.
on a business day or the next business day if the Company receives such funds
on a non-business day or after 3:00 p.m. on a business day. For this purpose,
the Company's business days will be deemed to be Monday through Friday,
except on Minnesota legal holidays.

         "DEBENTURES" means the Subordinated Debentures described herein
issued under this Indenture.

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

         "HOLDER" or "CERTIFICATEHOLDER" means a person in whose name a
Debenture is registered.

         "INDENTURE" means this Indenture as amended from time to time.

         "OFFICERS' CERTIFICATE" means a certificate signed by two officers
of the Company, one of whom must be the President, the Treasurer or a Vice
President of the Company.

<PAGE>

         "OPINION OF COUNSEL" means a written opinion from legal counsel who
is acceptable to the Trustee. The counsel may be an employee of or counsel to
the Company or the Trustee.

         "PERSON" means any individual, corporation, partnership, joint
venture, association, joint stock company, trust, unincorporated organization
or government or any agency or political subdivision thereof.

         "PRINCIPAL" of a debt security means the principal of the security
plus the premium, if any, on the security.

         "SEC" means the United States Securities and Exchange Commission.

         "STATED MATURITY," when used with respect to a Debenture, means the
date specified in such Debenture as the fixed date on which the principal of
such Debenture and any accrued but unpaid interest is due and payable.

         "SUBSIDIARY" means any person of which at least a majority of
capital stock having ordinary voting power for the election of directors or
other governing body of such person is owned by the Company directly or
through one or more subsidiaries.

         "TIA" means the Trust Indenture Act of 1939 (15 U.S. Code
77aaa-77bbbb) as in effect on the date of execution of this Indenture.

         "TRUSTEE" means the party named as such above until a successor
replaces it and thereafter means the successor.

         "TRUST OFFICER" means the Chairman of the Board, the President or
any other officer or assistant officer of the Trustee assigned by the Trustee
to administer its corporate trust matters.

Section 1.2 OTHER DEFINITIONS.

<TABLE>
<CAPTION>
                                                                    Defined in
                     Term                                            Section
             ---------------------                                  ----------
             <S>                                                    <C>
             "ADDITIONAL INTEREST"                                     2.2(b)
             "BANKRUPTCY LAW"                                          6.1
             "CUSTODIAN"                                               6.1
             "DEBT"                                                   10.2
             "EVENT OF DEFAULT"                                        6.1
             "INDEBTEDNESS"                                           10.1
             "LEGAL HOLIDAY"                                          11.7
             "OFFICER"                                                11.10
             "REPRESENTATIVE"                                         10.2
             "SENIOR INDEBTEDNESS"                                    10.2
             "U.S. GOVERNMENT OBLIGATIONS"                             8.1
</TABLE>

                                       2
<PAGE>

Section 1.3. INCORPORATION BY REFERENCE OF TIA.

         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 Debentures;

                  "INDENTURE SECURITY HOLDER" means a Certificateholder;

                  "INDENTURE TO BE QUALIFIED" means this Indenture;

                  "INDENTURE TRUSTEE" or "INSTITUTIONAL TRUSTEE" means the
Trustee; and

                  "OBLIGOR" on the Debentures means the Company.

         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 assigned to them.

Section 1.4. 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 United
                           States generally accepted accounting principles in
                           effect on the date of execution of this Indenture;

                  (3)      "OR" is not exclusive;

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

                  (5)      provisions apply to successive events and
                           transactions.

                                    ARTICLE 2

                                 THE DEBENTURES

Section 2.1. FORM AND DATING.

         The Debentures shall be substantially in the form of EXHIBIT A, with
such appropriate insertions, omissions, substitutions and other variations
required or permitted by this Indenture. The Debentures may have notations,
legends or endorsements required by law, stock exchange rule or usage.

                                       3
<PAGE>

Section 2.2. TERMS.

         (a)      AMOUNT UNLIMITED; TERMS. The aggregate principal amount of
                  Debentures which may be authenticated and delivered under this
                  Indenture is unlimited. Debentures may be issued in one or
                  more series. The initial aggregate principal amount of the
                  Debentures to be authenticated and delivered under this
                  Indenture shall be $50,000,000. The aggregate principal amount
                  may be increased, without the need for approval of any Holders
                  or the Trustee by means of Company Order, as set forth in
                  Section 9.1.

         (b)      INTEREST. Subject to change by Company Order as provided
                  herein, interest on the Debentures shall be established
                  initially by Company Order and shall be payable at the rate
                  set forth in such Company Order, until the principal thereof
                  is paid or made available for payment. After the date of the
                  Company Order, the rate of interest to be paid on the
                  Debentures may be changed from time to time by Company Order,
                  provided that any change of interest rates shall not alter the
                  interest rate on Debentures issued prior to the effective date
                  of such Company Order. The Debentures shall bear interest from
                  and commencing with their Date of Issue. In addition to the
                  rate of interest for the Debentures as set forth below, the
                  Company shall be obligated to make such additional payments of
                  interest, premiums or other benefits (referred to herein as
                  "ADDITIONAL INTEREST") on such of the Debentures, in such
                  amounts, in such form, on such terms and at such times as
                  shall be determined from time to time by Company Order, and
                  the Company's undertaking to pay such Additional Interest
                  shall be an enforceable obligation to the extent specified in
                  the Company Order. Such Additional Interest payments may be
                  modified or discontinued at any time by Company Order.

         (c)      DENOMINATIONS. The Debentures shall be issued in denominations
                  of $1,000 or greater.

         (d)      SUBORDINATION. The Debentures shall be subordinated and junior
                  in right of payment to all Senior Indebtedness of the Company
                  as provided in Article 10.

Section 2.3. EXECUTION AND AUTHENTICATION.

         Two Officers shall sign the Debentures for the Company by manual or
facsimile signature.

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

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

                                     4
<PAGE>

         The Trustee shall authenticate Debentures for original issue up to
the aggregate principal amount as stated in the Company Order upon receipt by
the Trustee of the Company Order. The aggregate principal amount of
Debentures outstanding at any time may not exceed that amount except as
provided in Section 2.8.

         The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Debentures. An authenticating agent may authenticate
Debentures 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 right as an Agent to deal with the Company
or an Affiliate.

Section 2.4. REGISTRAR AND PAYING AGENT.

         The Company shall maintain an office or agency where Debentures may
be presented for registration of transfer or for exchange ("REGISTRAR") and
an office or agency where Debentures may be presented for payment ("PAYING
AGENT"). The Registrar shall keep a register of the Debentures and of their
transfer and exchange. The Company may appoint one or more co-registrars and
one or more additional paying agents. The Company may change any Paying
Agent, Registrar or co-registrar without notice to any Certificateholder. The
term "PAYING AGENT" includes any additional paying agent. The Company shall
notify the Trustee of the name and address of any Agent not a party 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.

Section 2.5. PAYING AGENT TO HOLD MONEY IN TRUST.

         The Company shall require each Paying Agent other than the Trustee
to agree in writing that the Paying Agent will hold in trust for the benefit
of Certificateholders or the Trustee all money held by the Paying Agent for
the payment of principal or interest on the Debentures, and will notify the
Trustee of any failure by the Company in making any such payment. While any
such failure 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 shall have no further liability for the money. If
the Company acts as Paying Agent, it shall segregate and hold in a separate
trust fund for the benefit of the Certificateholders all money held by it as
Paying Agent. The Paying Agent may charge for its expenses in issuing a
replacement interest check.

Section 2.6. CERTIFICATEHOLDER LISTS.

         The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses
of Certificateholders. If the Trustee is not the Registrar, the Company shall
timely furnish to the Trustee the changes in this list and will furnish an
updated list of the names and addresses of Certificateholders in such form
and as of such date and at such other times as the Trustee may request in
writing.

                                      5
<PAGE>

Section 2.7. TRANSFER AND EXCHANGE.

         Where Debentures are presented to the Registrar or a co-registrar
with a request to register, transfer or to exchange them for an equal
principal amount of Debentures but of other denominations, the Registrar
shall register the transfer or make the exchange if its requirements for such
transactions are met, subject to the requirement that the Debentures be
issued in denominations of $1,000 or greater. To permit registrations of
transfer and exchanges, the Company shall issue and the Trustee shall
authenticate Debentures at the Registrar's request. The Company may charge
for its expenses in transferring or exchanging a Debenture.

         The Company shall not be required (i) to issue, transfer or exchange
any Debenture during a period beginning at the opening of business 15 days
before either (A) the day of the mailing of a notice of redemption of
Debentures selected for redemption pursuant to Section 4.2 and ending at the
close of business on the day of such mailing or (B) the date of the maturity
of that Debenture, or (ii) to transfer or exchange any Debenture selected for
redemption in whole or in part.

Section 2.8. REPLACEMENT DEBENTURES.

         If the Holder of a Debenture claims that the Debenture has been
lost, destroyed or wrongfully taken, the Company shall issue and the Trustee
shall authenticate a replacement Debenture if the Trustee's requirements are
met. If required by the Trustee or the Company, an indemnity bond must be
sufficient in the judgment of both the Company and the Trustee to protect the
Company, the Trustee, any Agent or any authenticating agent from any loss
which any of them may suffer if a Debenture is replaced. The Trustee may
waive such indemnity bond if so instructed by the Company. The Company may
charge for its expenses in replacing a Debenture.

         Every replacement Debenture is an additional obligation of the
Company.

Section 2.9. OUTSTANDING DEBENTURES.

         The Debentures outstanding at any time are all of the Debentures
authenticated by the Trustee except for those canceled by it, those delivered
to it for cancellation, and those described in this Section as not
outstanding.

         If a Debenture is replaced pursuant to Section 2.8, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the
replaced Debenture is held by a bona fide purchaser.

         If Debentures are considered paid under Section 4.1, they cease to
be outstanding and interest on them ceases to accrue.

                                      6
<PAGE>

Section 2.10. TREASURY DEBENTURES.

         In determining whether the Holders of the required principal amount
of the Debentures have concurred in any direction, waiver or consent,
Debentures owned by the Company or an Affiliate shall be disregarded, except
that for the purposes of determining whether the Trustee shall be protected
in relying on any such direction, waiver or consent, only Debentures which
the Trustee knows are so owned shall be so disregarded.

Section 2.11. TEMPORARY DEBENTURES.

         Until definitive Debentures are ready for delivery, the Company may
prepare and the Trustee shall authenticate temporary Debentures. Temporary
Debentures shall be substantially in the form of definitive Debentures but
may have variations that the Company considers appropriate. Without
unreasonable delay, the Company shall prepare and the Trustee shall
authenticate definitive Debentures in exchange for temporary Debentures.

Section 2.12. CANCELLATION.

         The Company at any time may deliver Debentures to the Trustee for
cancellation. The Registrar and Paying Agent shall forward to the Trustee any
Debentures surrendered to them for registration of transfer, exchange or
payment. The Trustee shall cancel all Debentures surrendered for registration
of transfer, exchange, payment, replacement or cancellation and shall dispose
of canceled Debentures as the Company directs. The Company may not issue new
Debentures to replace Debentures that it has paid or that have been delivered
to the Trustee for cancellation.

Section 2.13. DEFAULTED INTEREST.

         If the Company fails to make a payment of interest on the
Debentures, it shall pay such interest thereafter in any lawful manner. It
shall pay such interest, plus any interest payable on it, to the persons who
are Certificateholders of Debentures on a subsequent special record date. The
Company shall fix the special record date and payment date. At least 15 days
before the special record date, the Company shall mail to Certificateholders
of Debentures a notice that states the special record date, payment date, and
amount of such interest to be paid.

                                    ARTICLE 3

                                   REDEMPTION

Section 3.1. APPLICABILITY OF ARTICLE.

         Redemption of Debentures at the election of the Company, as
permitted or required by any provision of this Indenture, shall be made in
accordance with such provision and this Article and in compliance with any
applicable tender offer rules under the Securities Exchange Act of 1934, as
amended, including Rule 14e-1 thereunder.

                                      7
<PAGE>

Section 3.2. NOTICES TO TRUSTEE.

         If the Company wants to redeem the Debentures pursuant to paragraph
5 of the Debentures, it shall notify the Trustee by Officers' Certificate of
the redemption date and the principal amount of Debentures to be redeemed.
The Company shall give each notice provided for in this Section at least
fifty (50) days before the redemption date.

Section 3.3. SELECTION OF DEBENTURES TO BE REDEEMED.

         If fewer than all the Debentures are to be redeemed, the Company
shall select the Debentures to be redeemed by interest rate or maturity, and
so inform the Trustee by Officers' Certificate, subject to the remainder of
this Section. If less than all of a grouping of Debentures, as specified by
Officers' Certificate, are to be redeemed, the portion thereof selected for
redemption shall be determined ratably or by lot. If fewer than all of such
grouping of Debentures as specified by Officers' Certificate are to be
redeemed, the Trustee shall then make the selection not more than fifty (50)
days before the redemption date from Debentures outstanding not previously
called for redemption. The Trustee may select for redemption portions of the
principal of Debentures that have denominations greater than $1,000.
Provisions of this Indenture that apply to Debentures called for redemption
also apply to portions of Debentures called for redemption. The Trustee shall
notify the Company promptly of the Debentures or portions of Debentures to be
called for redemption.

Section 3.4. NOTICE OF REDEMPTION.

         At least thirty (30) days but not more than sixty (60) days before a
redemption date, the Company shall mail a notice of redemption by first-class
mail to each Holder of Debentures whose Debentures are to be redeemed.

         The notice shall identify the Debentures to be redeemed and shall
state:

                  (1)    the redemption date;

                  (2)    the redemption price, which shall be equal to 100% of
                         the principal amount of the Debenture plus accrued
                         interest on a daily basis to the redemption date;

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

                  (4)    that Debentures called for redemption must be
                         surrendered to the Paying Agent to collect the
                         redemption price; and

                  (5)    that interest on Debentures called for redemption
                         ceases to accrue on and after the redemption date.

         At the Company's request, the Trustee shall give the notice of
redemption in the Company's name and at its expense.

                                      8
<PAGE>

Section 3.5. EFFECT OF NOTICE OF REDEMPTION.

         Once notice of redemption is mailed, Debentures called for
redemption become due and payable on the redemption date at the redemption
price.

Section 3.6. DEPOSIT OF REDEMPTION PRICE.

         On or before the redemption date, the Company shall deposit with the
Paying Agent, or if the Company is acting as Paying Agent it shall deposit
into a separate trust account pursuant to Section 2.5 hereof, money
sufficient to pay the redemption price of and accrued interest on all
Debentures to be redeemed on that date. The Paying Agent shall return to the
Company any money not required for that purpose within two years following
the redemption date.

Section 3.7. DEBENTURES REDEEMED IN PART.

         Upon surrender of a Debenture that is redeemed in part, the Company
shall issue and the Trustee shall authenticate for the Holder a new Debenture
equal in principal amount to the unredeemed portion of the Debenture
surrendered.

Section 3.8. REDEMPTION OPTION UPON DEATH OF HOLDER.

         (a)    Subject to the provisions of Article 10 and this Article 3,
                upon the death of any Holder of one or more Debentures, the
                Company shall be required to pay up to $50,000 aggregate
                principal amount of, without any premium, together with
                interest accrued to the redemption date on, all or such part
                (in integral multiples of $100 in excess of $1,000) of the
                Debentures held by the Holder of such Debentures at the date
                of such Holder's death, as requested in the manner, and
                subject to the limitations, set forth below. Subject to the
                $50,000 limitation, the redemption price shall be equal to
                100% of the principal amount of the Debenture plus accrued
                interest on a daily basis to the redemption date. Redemption
                of such Debentures shall be made within 30 days following the
                receipt by the Company or the Trustee of all of the following:

                (1)    a written request for redemption of the Debentures
                       signed by a duly authorized representative of the
                       Holder, which request shall set forth the name of the
                       Holder, the date or death of the Holder and the
                       principal amount of the Debentures to be redeemed;

                (2)    the Debentures to be redeemed; and

                (3)    evidence satisfactory to the Trustee and the Company
                       of the death of such Holder and the authority of the
                       representative to such extent as may be required by
                       the Trustee or Company.

         (b)    The Debentures held by the Holder shall not be entitled to
                redemption pursuant to this Section unless all of the
                following conditions are met:

                                      9
<PAGE>

                (1)    the Debentures to be redeemed have been registered in
                       the Holder's name since their Date of Issue; and

                (2)    either the Company or the Trustee has been notified
                       in writing of the request for redemption within 180
                       days after the date of the Holder's death.

         (c)    Authorized representatives of a Holder shall include the
                following: executors, administrators or other legal
                representatives of an estate; trustees of a trust; joint
                owners of Debentures owned in joint tenancy or tenancy by the
                entirety; attorneys-in-fact; and other persons generally
                recognized as having legal authority to act on behalf of
                another.

         (d)    If two or more persons are joint record holders of a
                Debenture, the election to redeem will not apply until all
                record holders are deceased, except that, if the joint holders
                are husband and wife, the election may be made after the death
                of either spouse.

         (e)    The redemption of Debentures pursuant to this Section 3.8
                shall be made according to the terms of Sections 3.6 and 3.7
                herein.

                                    ARTICLE 4

                                    COVENANTS

Section 4.1. PAYMENT OF DEBENTURES.

         The Company shall pay the principal of and interest on the
Debentures on the dates and in the manner provided in the Debentures.
Principal and interest shall be considered paid on the date due if the Paying
Agent holds on that date money designated for and sufficient to pay all
principal and interest then due.

         The Company shall pay interest on overdue principal at the rate
borne by the Debentures, and it shall pay interest on overdue installments of
interest at the same rate to the extent lawful.

Section 4.2. SEC REPORTS.

         The Company shall file with the Trustee within fifteen (15) days
after it files them with the SEC copies of the annual reports and quarterly
reports and of the information, documents, and other reports (or copies of
such portions of any of the foregoing as the SEC may by rules and regulations
prescribe) for the Debentures which the Company may be required to file with
the SEC pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934, as amended. The Company also shall comply with the other
provisions of TIA Section 314(a).

                                      10
<PAGE>

Section 4.3. COMPLIANCE CERTIFICATE.

         The Company shall deliver to the Trustee, within one hundred twenty
(120) days after the end of each fiscal year of the Company, 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 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 is not in default in the performance or observance of any of
the terms, provisions and conditions hereof (or, if a Default or Event of
Default shall have 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
Debentures are prohibited. See Section 11.10.

Section 4.4. USURY LAWS.

         The Company will not voluntarily claim and will actively resist any
attempts to claim the benefit of any usury laws against the Holders of the
Debentures.

Section 4.5. MONEY FOR DEBENTURE PAYMENTS TO BE HELD IN TRUST.

         Whenever the Company shall have one or more Paying Agents, it will,
on or prior to each date for the payment of the principal of or interest on
the Debentures, deposit with a Paying Agent a sum sufficient to pay the
principal or interest so becoming due, such sum to be held in trust for the
benefit of the persons entitled to such payments; and, unless such Paying
Agent is the Trustee, the Company will promptly notify the Trustee of its
action or failure so to act.

         The Company will cause each Paying Agent other than the Trustee to
execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section, that
such Paying Agent will:

                (1)    hold all sums held by it for the payment of the
                       principal of or interest on the Debentures in trust
                       for the benefit of the persons entitled thereto until
                       such sums shall be paid to such persons or otherwise
                       disposed of as herein provided;

                (2)    give the Trustee notice of any default by the Company
                       (or any other obligor upon the Debentures) in the
                       making of any payment of principal or interest; and

                (3)    at any time during the continuance of any such
                       default, upon the written request of the Trustee,
                       forthwith pay to the Trustee all sums so held in
                       trust by such Paying Agent.

                                      11
<PAGE>

         For the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, the Company may at any time pay, or
direct any Paying Agent to pay, to the Trustee all sums held in trust by the
Company or such Paying Agent, such sums to be held by the Trustee upon the
same terms as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by the Company or any Paying Agent to
the Trustee, the Company or such Paying Agent, as the case may be, shall be
released from all further liability with respect to such money.

Section 4.6. CONTINUED EXISTENCE.

         Subject to Article 5, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its existence
as a corporation.

                                    ARTICLE 5

                                   SUCCESSORS

Section 5.1. WHEN COMPANY MAY MERGE, ETC.

         The Company shall not consolidate or merge with or into, or transfer
or lease all or substantially all of its assets to, any corporation, person
or entity person unless the corporation formed by or surviving any such
consolidation or merger (if other than the Company), or to which such sale or
conveyance shall have been made, assumes by supplemental indenture all the
obligations of the Company under the Debentures then outstanding and this
Indenture.

         The Company shall deliver to the Trustee prior to the proposed
transaction an Officers' Certificate to the foregoing effect and an Opinion
of Counsel stating that the proposed transaction and such supplemental
indenture comply with this Indenture.

         The surviving corporation shall be the successor Company, but the
predecessor Company in the case of a transfer or lease shall not be released
from the obligation to pay the principal of and interest on the Debentures.

                                    ARTICLE 6

                              DEFAULTS AND REMEDIES

Section 6.1. EVENTS OF DEFAULT.

         An "EVENT OF DEFAULT" occurs if:

                (1)    the Company defaults in the payment of interest on
                       any Debenture when the same becomes due and payable
                       and the Default continues for a period of thirty (30)
                       days;

                                      12
<PAGE>

                (2)    the Company defaults in the payment of the principal
                       of any Debenture when the same becomes due and
                       payable at maturity, upon redemption or otherwise,
                       which default has not been cured;

                (3)    the Company fails to comply with any of its other
                       agreements or covenants in, or provisions of, the
                       Debentures or this Indenture and the Default
                       continues for the period and after the notice
                       specified below;

                (4)    the Company or any material subsidiary pursuant to or
                       within the meaning of any Bankruptcy Law:

                       (A)    commences a voluntary proceeding under any
                              such Bankruptcy Law,

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

                       (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)    generally is unable to pay its debts as the
                              same become due;

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

                       (A)    is for relief against the Company or any
                              material subsidiary in an involuntary
                              Bankruptcy proceeding,

                       (B)    appoints a Custodian of the Company or any
                              material subsidiary or for all or
                              substantially all of its property, or

                       (C)    orders the liquidation of the Company or any
                              material subsidiary, and the order or decree
                              remains unstayed and in effect for 60 days;

                (6)    the maturity of any Senior Indebtedness in an amount
                       exceeding $2,500,000 is accelerated under the terms
                       of the instrument under which such Senior
                       Indebtedness is outstanding, if such acceleration is
                       not annulled within thirty (30) days after written
                       notice.

         The term "BANKRUPTCY LAW" means Title 11 of the United States Code or
any similar Federal or State Law for the relief of debtors. The term "CUSTODIAN"
means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

                                      13
<PAGE>

         A Default under clause (3) is not an Event of Default until the
Trustee or the Holders of at least 25% in principal amount of the then
outstanding Debentures notify the Company of the Default and the Company does
not cure the Default within sixty (60) days after receipt of the notice. The
notice must specify the Default, demand that it be remedied and state that
the notice is a "NOTICE OF DEFAULT."

Section 6.2. ACCELERATION.

         If an Event of Default occurs and is continuing, the Trustee by
notice to the Company, or the Holders of at least 25% in principal amount of
the then outstanding Debentures, by notice to the Company and the Trustee,
may declare the principal of and accrued interest on all the Debentures to be
due and payable. Upon such declaration the principal and interest owing on
the then outstanding Debentures shall be due and payable immediately. The
Holders of a majority in principal amount of the then outstanding Debentures,
by notice to the Trustee, may rescind an acceleration and its consequences if
the rescission would not conflict with any judgment or decree and if all
existing Events of Default have been cured or waived, except nonpayment of
principal or interest that has become due solely because of the acceleration.

Section 6.3. OTHER REMEDIES.

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

         The Trustee may maintain a proceeding even if it does not possess
any of the Debentures or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Holder of Debentures 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 6.4. WAIVER OF PAST DEFAULTS.

         The Holders of a majority in principal amount of the then
outstanding Debentures, by notice to the Trustee, may waive an existing
Default or Event of Default and its consequences except a continuing Default
or Event of Default in the payment of the principal of or interest on the
Debentures.

Section 6.5. CONTROL BY MAJORITY.

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

                                      14
<PAGE>

Section 6.6. LIMITATION ON SUITS.

         The Holder of Debentures may pursue a remedy with respect to this
Indenture or the Debentures only if:

                (1)    the Holder gives to the Trustee notice of a
                       continuing Event of Default;

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

                (3)    such Holder or Holders offer to the Trustee indemnity
                       satisfactory to the Trustee against any loss,
                       liability or expense;

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

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

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

Section 6.7. RIGHTS OF HOLDERS TO RECEIVE PAYMENT.

         Notwithstanding any other provision of this Indenture, the right of
any Holder of a Debenture to receive payment of principal and interest on the
Debenture, on or after the respective due dates expressed in the Debenture,
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
the Holder.

Section 6.8. COLLECTION SUIT BY TRUSTEE.

         If an Event of Default specified in Section 6.1(1) or Section 6.1(2)
occurs and is continuing, the Trustee may recover judgment in its own name
and as trustee of an express trust against the Company for the whole amount
of principal and interest remaining unpaid on the Debentures with respect to
which the Event of Default occurred.

Section 6.9. TRUSTEE MAY FILE PROOFS OF CLAIM.

         The Trustee may 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 and the Certificateholders allowed in any judicial proceedings
relative to the Company, its creditors or its property.

                                      15
<PAGE>

Section 6.10.   PRIORITIES.

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

         First:   to the Trustee for amounts due under Section 7.7;

         Second:  to holders of Senior Indebtedness to the extent required by
                  Article 10;

         Third:   to Holders of Debentures for amounts due and unpaid on the
                  Debentures for principal and interest, ratably, without
                  preference or priority of any kind, according to the amounts
                  due and payable on the Debentures for principal and interest,
                  respectively; and

         Fourth:  to the Company.

         The Trustee may fix a record date and payment date for any payment to
the Certificateholders.

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 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 does not apply to a suit by the Trustee, a suit
by a Holder pursuant to Section 6.7, or a suit by Holders of more than 10% in
principal amount of the then outstanding Debentures.

                                    ARTICLE 7

                                     TRUSTEE

Section 7.1.    DUTIES OF TRUSTEE.

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

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

                  (1)      The Trustee need perform only those duties that are
                           specifically set forth in this Indenture and no
                           others.

                                       16
<PAGE>

                  (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
                           shall 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 liability 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.

                  (2)      The Trustee shall not be liable for any error of
                           judgment made in good faith by a Trust Officer,
                           unless it is proved that the Trustee was negligent in
                           ascertaining the pertinent facts.

                  (3)      The Trustee shall 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 6.5.

         (d)      Every provision of this Indenture that in any way relates to
                  the Trustee is subject to paragraphs (a), (b) and (c) of this
                  Section.

         (e)      The Trustee may refuse to perform any duty or exercise any
                  right or power unless it receives indemnity satisfactory to it
                  against any loss, liability or expense.

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

Section 7.2.    RIGHTS OF TRUSTEE.

         (a)      The Trustee may rely on any document 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. The
                  Trustee shall not be liable for any action it takes or omits
                  to take in good faith in reliance of the Officers' Certificate
                  or Opinion of Counsel.

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

                                       17
<PAGE>

         (d)      The Trustee shall not be liable for any action it takes or
                  omits to take in good faith which it believes to be authorized
                  or within its rights or powers.

Section 7.3.    INDIVIDUAL RIGHTS OF TRUSTEE.

         The Trustee in its individual or any other capacity may become the
owner or pledgee of Debentures and may otherwise deal with the Company or an
Affiliate with the same rights it would have if it were not Trustee. Any Agent
may do the same with like rights. However, the Trustee is subject to Sections
7.10 and 7.11.

Section 7.4.    TRUSTEE'S DISCLAIMER.

         The Trustee makes no representation at to the validity or adequacy of
this Indenture or the Debentures, it shall not be accountable for the Company's
use of the proceeds from the Debentures, and it shall not be responsible for any
statement in the Debentures other than its authentication.

Section 7.5.    NOTICE OF DEFAULTS.

         If a Default or Event of Default occurs and is continuing and if it is
known to the Trustee, the Trustee shall mail to Holders of the Debentures a
notice of the Default or Event of Default within ninety (90) days after it
occurs. Except in the case of a Default or Event of Default in payment on a
Debenture, the Trustee may withhold the notice if and so long as a committee of
its Trust Officers in good faith determines that withholding the notice is in
the interests of Holders of the Debentures.

Section 7.6.    REPORTS BY TRUSTEE TO HOLDERS.

         Within 60 days after the reporting date stated in Section 11.10, the
Trustee shall mail to Certificateholders a brief report dated as of such
reporting date that complies with Section 313(a) of the TIA. The Trustee also
shall comply with Section 313(b)(2) of the TIA.

         A copy of each report at the time of its mailing to Certificateholders
shall be filed with the SEC and each stock exchange on which the Debentures are
listed. The Company shall notify the Trustee when the Debentures are listed on
any stock exchange.

Section 7.7.    COMPENSATION AND INDEMNITY.

         The Company shall pay to the Trustee from time to time reasonable
compensation for its services. The Trustee's compensation shall not be limited
by any law on compensation of a trustee of an express trust. The Company shall
reimburse the Trustee upon request for all reasonable out-of-pocket expenses
incurred by it. Such expenses shall include the reasonable compensation and
out-of-pocket expenses of the Trustee's agents and counsel.

                                       18
<PAGE>

         The Company shall indemnify the Trustee against any loss or liability
incurred by it except as set forth in the next paragraph. The Trustee shall
notify the Company promptly of any claim for which it may seek indemnity. The
Company shall defend the claim and the Trustee shall cooperate in the defense.
The Trustee may have separate counsel, and the Company shall pay the reasonable
fees and expenses of such counsel. The Company need not pay for any settlement
made without its consent, which consent shall not be unreasonably withheld.

         The Company need not reimburse any expense or indemnify against any
loss or liability incurred by the Trustee through negligence or bad faith.

         To secure the Company's payment of obligations in this Section, the
Trustee shall have a lien prior to the Debentures on all money or property held
or collected by the Trustee, including that held in trust to pay principal and
interest on the Debentures.

         When the Trustee incurs expenses or renders services after an Event of
Default specified in Section 6.1(4) or (5) occurs, the expenses and the
compensation for the services are intended to constitute expenses of
administration under any Bankruptcy Law.

Section 7.8.    REPLACEMENT OF TRUSTEE.

         A resignation or removal of the Trustee and appointment of a successor
Trustee shall become effective only upon the successor Trustee's acceptance of
appointment as provided in this Section.

         The Trustee may resign by so notifying the Company. The Trustee may be
removed with respect to the Debentures by the Holders of a majority in principal
amount of the then outstanding Debentures by so notifying the Trustee and the
Company. The Company may remove the Trustee if:

                  (1)      the Trustee fails to comply with Section 7.10;

                  (2)      the Trustee is adjudged a bankrupt or an insolvent or
                           any 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;

                  (4)      the Trustee becomes incapable of action; or

                  (5)      in the judgment of the Company, comparable services
                           are available from another entity qualifying under
                           Section 7.10 at a materially lower cost to the
                           Company.

         If the Trustee resigns or is removed or if a vacancy exists in the
office of the Trustee for any reason, the Company shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, a
successor Trustee may be appointed by act of the Holders of a

                                       19
<PAGE>

majority in principal amount of the then outstanding Debentures to replace
the successor Trustee appointed by the Company.

         If a successor Trustee does not take office within sixty (60) days
after the retiring Trustee resigns or is removed, the retiring Trustee, the
Company or the Holders of at least 10% in principal amount of the then
outstanding Debentures may petition any court of competent jurisdiction for the
appointment of a successor Trustee.

         If the Trustee fails to comply with Section 7.10, any Holder of the
Debentures may petition any court of competent jurisdiction for the removal of
the Trustee and the appointment of a successor Trustee.

         A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee
under this Indenture. The successor Trustee shall mail a notice of its
succession to the Holders of Debentures. The retiring Trustee shall promptly
transfer all property held by it as Trustee to the successor Trustee, subject to
the lien provided for in Section 7.7.

Section 7.9.    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 shall be the successor Trustee.

Section 7.10.   ELIGIBILITY; DISQUALIFICATION.

         This Indenture shall always have a Trustee who satisfies the
requirements of Section 310(a)(1) of the TIA. The Trustee shall always have a
combined capital and surplus as stated in Section 11.10. The Trustee is subject
to Section 310(b) of the TIA. Section 11.10 lists any excluded indenture or
trust agreement.

Section 7.11.   PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.

         The Trustee is subject to Section 311(a) of the TIA, excluding any
creditor relationship described in Section 311(b) of the TIA. A Trustee who has
resigned or been removed shall be subject to Section 311(a) of the TIA to the
extent indicated therein.

                                       20
<PAGE>

                                    ARTICLE 8

                             DISCHARGE OF INDENTURE

Section 8.1. TERMINATION OF COMPANY'S OBLIGATIONS.

         This Indenture shall cease to be of further effect (except that the
Company's obligations under Sections 7.7 and 8.3 shall survive) when all
outstanding Debentures theretofore authenticated and issued have been delivered
to the Trustee for cancellation. In addition, the Company may terminate its
obligations under this Indenture if:

         (a)      The Debentures then outstanding mature within one year or all
                  of the Debentures then outstanding are to be called for
                  redemption within one year under arrangements satisfactory to
                  the Trustee for giving the notice of redemption; and

         (b)      The Company irrevocably deposits in trust with the Trustee
                  money or U.S. Government Obligations sufficient to pay
                  principal and interest on the Debentures then outstanding to
                  maturity or redemption, as the case may be. The Company may
                  make the deposit only during the one-year period and only if
                  Article 11 permits it.

         However, the Company's obligations in Sections 2.4, 2.5, 2.6, 2.7, 2.8,
4.1, 6.7, 6.8 and 8.3, and in Article 10, shall survive until no Debentures are
outstanding. Thereafter, only the Company's obligations in Sections 7.7 and 8.3
shall survive.

         If a deposit is made pursuant to this Section 8.1, the Trustee, upon
request, shall acknowledge in writing the discharge of the Company's obligations
under this Indenture, except for those surviving obligations specified above.

         In order to have money available on a payment date to pay principal or
interest on the Debentures, the U.S. Government Obligations shall be payable as
to principal or interest on or before such payment date in such amounts as will
provide the necessary money. U.S. Government Obligations shall not be callable
at the issuer's option.

         "U.S. GOVERNMENT OBLIGATIONS" means direct obligations of the United
States of America for the payment of which the full faith and credit of the
United States of America is pledged.

Section 8.2. APPLICATION OF TRUST MONEY.

         The Trustee shall hold in trust money or U.S. Government Obligations
deposited with it pursuant to Section 8.1. It shall apply the deposited money
and the money from U.S. Government Obligations through the Paying Agent and in
accordance with this Indenture to the payment of principal and interest on the
Debentures. Money and Debentures so held in trust are not subject to Article 10.

                                       21

<PAGE>

Section 8.3. REPAYMENT TO THE COMPANY.

         The Trustee and the Paying Agent shall promptly pay to the Company upon
request any money or Debentures held by them at any time in excess of amounts
required to be so held hereunder.

         The Trustee and the Paying Agent shall pay to the Company upon request
any money held by them for the payment of principal or interest that remains
unclaimed for two years. After payment to the Company, Certificateholders
entitled to the money must look to the Company for payment as general creditors
unless an applicable abandoned property law designates another person.

                                    ARTICLE 9

                                   AMENDMENTS

Section 9.1. WITHOUT CONSENT OF HOLDERS.

         The Company and the Trustee may amend this Indenture or the Debentures
without the consent of the Holders of the Debentures by Company Order:

                  (1)   to cure any ambiguity, defect or inconsistency;

                  (2)   to comply with Section 5.1;

                  (3)   to provide for uncertified Debentures in addition to
                        certificated Debentures;

                  (4)   to increase the aggregate principal amount of
                        Debentures which may be authenticated and delivered
                        under this Indenture; and

                  (5)   to make any change that does not adversely affect the
                        legal rights hereunder of the Holders of the
                        Debentures.

Section 9.2. WITH CONSENT OF HOLDERS.

         The Company and the Trustee may amend this Indenture or the Debentures
with the written consent of the Holders of at least a majority in principal
amount of the then outstanding Debentures. However, without the consent of each
Certificateholder affected, an amendment under this Section may not:

                  (1)   reduce the amount of Debentures whose Holders must
                        consent to an amendment;

                                       22
<PAGE>

                  (2)   reduce the rate of or change the time for payment of
                        interest, including default interest, on any issued
                        and authenticated Debenture;

                  (3)   reduce the principal of or change the fixed maturity
                        of any Debenture;

                  (4)   make any Debenture payable in money other than that
                        stated in such Debenture;

                  (5)   make any change in Section 6.4, Section 6.7 or
                        Section 9.2(2); or

                  (6)   make any change in Article 10 that adversely affects
                        the rights of any Certificateholder.

         An amendment under this Section may not make any change that adversely
affects the rights under Article 10 of any holder of an issue of Senior
Indebtedness unless the holders of the issue pursuant to its terms consent to
the change or the change is otherwise permissible.

         After an amendment under this Section becomes effective, the Company
shall mail to the Holders of the Debentures affected by such amendment a notice
briefly describing the amendment.

Section 9.3. COMPLIANCE WITH TRUST INDENTURE ACT.

         Every amendment to this Indenture or the Debentures shall be set forth
in a supplemental indenture that complies with the TIA as then in effect.

Section 9.4. REVOCATION AND EFFECT OF CONSENTS.

         Until an amendment or waiver becomes effective, a consent to it by a
Holder of a Debenture is a continuing consent by the Holder and every subsequent
Holder of a Debenture or portion of a Debenture that evidences the same debt as
the consenting Holder's Debenture, even if notification of the consent is not
made on any Debenture. However, any such Holder or subsequent Holder may revoke
the consent as to his or her Debenture or portion of a Debenture if the Trustee
receives the notice of revocation before the date the amendment or waiver
becomes effective. An amendment or waiver becomes effective in accordance with
its terms and thereafter binds every Holder of the Debentures.

Section 9.5. NOTATION ON OR EXCHANGE OF DEBENTURES.

         The Trustee may place an appropriate notation about an amendment or
waiver on any Debenture thereafter authenticated. The Company in exchange for
all Debentures may issue and the Trustee shall authenticate new Debentures that
reflect the amendment or waiver.

                                       23

<PAGE>

Section 9.6. TRUSTEE PROTECTED.

         The Trustee shall sign all supplemental indentures, except that the
Trustee need not sign any supplemental indenture that adversely affects its
rights.

                                   ARTICLE 10

                                  SUBORDINATION

Section 10.1. AGREEMENT TO SUBORDINATE.

         The Company agrees, and each Certificateholder by accepting a Debenture
agrees, that the indebtedness evidenced by the Debenture is subordinated in
right of payment, to the extent and in the manner provided in this Article, to
the prior payment in full of all Senior Indebtedness, and that the subordination
is for the benefit of the holders of Senior Indebtedness.

Section 10.2. CERTAIN DEFINITIONS.

         "INDEBTEDNESS" means any indebtedness, contingent or otherwise, in
respect of borrowed money (whether or not the recourse of the lender is to the
whole of the assets of the Company or only to a portion thereof), or evidenced
by bonds, notes, debentures or similar instruments or letters of credit, or
representing the balance deferred and unpaid on the purchase price of any
property or interest therein, except any such balance that constitutes a trade
payable.

         "REPRESENTATIVE" means the indenture trustee or other trustee, agent or
representative for an issue of Senior Indebtedness.

         "SENIOR INDEBTEDNESS" means all Indebtedness (present or future)
created, incurred, assumed or guaranteed by the Company (and all renewals,
extensions or refundings thereof), except such Indebtedness that by its terms
expressly provides that such Indebtedness is not senior or superior in right of
payment to the Debentures. Senior Indebtedness shall include (i) the guarantee
by the Company of any Indebtedness of any other person (including, without
limitation, subordinated Indebtedness of another person), unless such
Indebtedness is expressly subordinated to any other Indebtedness of the Company,
and (ii) the Indebtedness of the Company under that certain Debenture Loan
Agreement with Convergent Capital dated March 9, 2000, as amended.
Notwithstanding anything herein to the contrary, Senior Indebtedness shall not
include debt of the Company to any of its subsidiaries or under the Debentures.

         A distribution may consist of cash, Debentures or other property.

Section 10.3. LIQUIDATION; DISSOLUTION; BANKRUPTCY.

         Upon any distribution to creditors of the Company in a liquidation or
dissolution of the Company or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to the Company or its property:

                                       24

<PAGE>

                  (1)   holders of Senior Indebtedness shall be entitled to
                        receive payment in full in cash of the principal and
                        interest (including interest accruing after the
                        commencement of any such proceeding) to the date of
                        payment, on the Senior Indebtedness before
                        Certificateholders shall be entitled to receive any
                        payment of principal or interest on Debentures; and

                  (2)   until the Senior Indebtedness is paid in full in
                        cash, any distribution to which Certificateholders
                        would be entitled but for this Article shall be made
                        to holders of Senior Indebtedness as their interest
                        may appear, except that Holders of Debentures may
                        receive Debentures that are subordinated to Senior
                        Indebtedness to at least the same extent as such
                        Debentures.

Section 10.4. DEFAULT ON SENIOR INDEBTEDNESS.

         Upon the maturity of any Senior Indebtedness by lapse of time,
acceleration or otherwise, all such Senior Indebtedness shall first be paid in
full, or such payment duly provided for in cash or in a manner satisfactory to
the holders of such Senior Indebtedness, before any payment is made by the
Company or any person acting on behalf of the Company on account of the
principal or interest on the Debentures.

         The Company may not pay principal or interest on the Debentures and may
not acquire Debentures for cash or property other than capital stock of the
Company if:

                  (1)   a default on Senior Indebtedness occurs and is
                        continuing that permits holders of such Senior
                        Indebtedness to accelerate its maturity, and

                  (2)   the default is the subject of judicial proceedings or
                        the Company receives a notice of the default from a
                        person who may give it pursuant to Section 10.12. If
                        the Company receives any such notice, a similar
                        notice received within nine (9) months thereafter
                        relating to the same default on the same issue of
                        Senior Indebtedness shall not be effective for
                        purposes of this Section.

         The Company may resume payments on the Debentures and may acquire them
when:

         (a)      the default is cured or waived, or

         (b)      one hundred twenty (120) days pass after the notice is given
                  if the default is not the subject of judicial proceedings, if
                  this Article otherwise permits the payment or acquisition at
                  that time.

                                       25

<PAGE>

Section 10.5. ACCELERATION OF DEBENTURES.

         If payment of the Debentures is accelerated because of an Event of
Default, the Company shall promptly notify holders of Senior Indebtedness of the
acceleration. The Company may pay Holders of the Debentures when one hundred
twenty (120) days pass after the acceleration occurs if this Article permits the
payment at that time.

Section 10.6. WHEN DISTRIBUTION MUST BE PAID OVER.

         In the event that, notwithstanding the provisions of Section 10.4, the
Company shall make any payment to the Trustee on account of the principal and
interest on the Debentures, two (2) business days after the happening of a
default in payment of the principal or interest on Senior Indebtedness, or two
(2) business days after receipt by the Company and the Trustee of written notice
as provided in Sections 10.4 and 10.12 of an Event of Default or an event which,
with the passage of time or the giving of notice or both, would constitute an
Event of Default with respect to any Senior Indebtedness, then, unless and until
such Default or Event of Default shall have been cured or waived or shall have
ceased to exist, such payment shall be held by the Trustee, in trust for the
benefit of, and shall be paid forthwith over and delivered to, the holders of
Senior Indebtedness (pro rata as to each of such holders on the basis of the
respective amounts of Senior Indebtedness held by them) or their representative
or the trustee under the indenture or other agreement (if any) pursuant to which
Senior Indebtedness may have been issued, as their respective interests may
appear, for application to the payment of all Senior Indebtedness remaining
unpaid to the extent necessary to pay all Senior Indebtedness in full in
accordance with its terms, after giving effect to any concurrent payment or
distribution to or for the holders of Senior Indebtedness.

         If a distribution is made to the Holders of Debentures that because of
this Article should not have been made to them, the Holders who receive the
distribution shall hold it in trust for holders of Senior Indebtedness and pay
it over to them as their interests may appear.

Section 10.7. NOTICE BY COMPANY.

         The Company shall promptly notify the Trustee and the Paying Agent of
any facts known to the Company that would cause a payment of principal or
interest on the Debentures to violate this Article, but failure to give such
notice shall not affect the subordination of the Debentures to the Senior
Indebtedness provided in this Article. Nothing in this Article 10 shall apply to
claims of, or payments to, the Trustee under or pursuant to Section 6.7.

Section 10.8. SUBROGATION.

         After all Senior Indebtedness is paid in full and until the Debentures
are paid in full, Holders of the then outstanding Debentures shall be subrogated
to the rights of holders of Senior Indebtedness to receive distributions
applicable to Senior Indebtedness to the extent distributions otherwise payable
to such Holders have been applied to the payment of Senior Indebtedness. A
distribution made under this Article to holders of Senior Indebtedness which
otherwise would

                                       26
<PAGE>

have been made to Certificateholders is not, as between the Company and
Certificateholders, a payment by the Company on Senior Indebtedness.

Section 10.9. RELATIVE RIGHTS.

         This Article defines the relative rights of Certificateholders and
holders of Senior Indebtedness. Nothing said in this indenture shall:

                  (1)   impair, as between the Company and
                        Certificateholders, the obligation of the Company,
                        which is absolute and unconditional, to pay principal
                        of and interest on the Debentures in accordance with
                        their terms;

                  (2)   affect the relative rights of Certificateholders and
                        creditors of the Company other than holders of Senior
                        Indebtedness; or

                  (3)   prevent the Trustee or any Certificateholder from
                        exercising its available remedies upon a Default or
                        Event of Default, subject to the rights of holders of
                        Senior Indebtedness to receive distributions
                        otherwise payable to Certificateholders.

         If the Company fails because of this Article to pay principal or
interest on a Debenture on the due date, the failure is still a Default or Event
of Default.

Section 10.10. SUBORDINATION MAY NOT BE IMPAIRED BY COMPANY.

         No right of any holder of Senior Indebtedness to enforce the
subordination of the indebtedness evidenced by the Debentures shall be impaired
by any act or failure to act by the Company or by its failure to comply with
this Indenture.

Section 10.11. DISTRIBUTION OR NOTICE TO REPRESENTATIVE.

         Whenever a distribution is to be made or a notice given to holders of
Senior Indebtedness, the distribution may be made and the notice given to their
Representative.

Section 10.12. RIGHTS OF TRUSTEE AND PAYING AGENT.

         The Trustee or Paying Agent may continue to make payments on the
Debentures until it receives notice of facts that would cause a payment of
principal or interest on the Debentures to violate this Article. Only the
Company, a Representative or a holder of an issue of Senior Indebtedness that
has no Representative may give the notice.

         The Trustee in its individual or any other capacity may hold Senior
Indebtedness with same rights it would have if it were not Trustee. Any Agent
may do the same with like rights.

                                       27
<PAGE>

Section 10.13. TRUST MONEYS NOT SUBORDINATED.

         Notwithstanding anything contained herein to the contrary, payments
from money or the proceeds of U.S. Government Obligations held in trust under
Article 8 by the Trustee for the payment of principal of and interest on the
Debentures shall not be subordinated to the prior payment of any Senior
Indebtedness or subject to the restrictions set forth in this Article 10, and
none of the Holders of the Debentures shall be obligated to pay over any such
amount to the Company or any holder of Senior Indebtedness of the Company or any
other creditor of the Company.

Section 10.14. TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR INDEBTEDNESS.

         The Trustee shall not be deemed to owe any fiduciary duty to the
holders of Senior Indebtedness and shall not be liable to any such holders if it
shall mistakenly pay over or distribute to Holders of the Debentures or the
Company or any other person, money or assets to which any holders of Senior
Indebtedness of the Company shall be entitled by virtue of this Article 10 or
otherwise.

                                   ARTICLE 11

                                  MISCELLANEOUS

Section 11.
Section 11.1. TIA CONTROLS.

         If any provision of this Indenture limits, qualifies, or conflicts with
another provision which is required to be included in this Indenture by the TIA,
the required provision shall control.

Section 11.2. NOTICES.

         Any notice by the Company or the Trustee to the other is duly given if
in writing and delivered in person or mailed by first-class mail to the other's
address stated in Section 11.10. The Company or the Trustee by notice to the
other may designate additional or different addresses for subsequent notices or
communications.

         Any notice to a Certificateholder shall be mailed by first-class mail
to the address shown on the register kept by the Registrar or such other name
and addresses as provided to the Trustee pursuant to Sections 313(c)(2) and (3)
of the TIA. Failure to mail a notice or communication to a Certificateholder or
any defect in it shall not affect its sufficiency with respect to other
Certificateholders.

         If a notice is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it.

                                       28

<PAGE>

         If the Company mails a notice to Certificateholders, it shall mail a
copy to the Trustee and each Agent at the same time.

         All other notices shall be in writing.

Section 11.3. COMMUNICATION BY HOLDERS WITH OTHER HOLDERS.

         Certificateholders may communicate pursuant to Section 312(b) of the
TIA with other Certificateholders with respect to their rights under this
Indenture or the Debentures. The Company, the Trustee, the Registrar and anyone
else shall have the protection of Section 312(c) of the TIA.

Section 11.4. 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:

         (a)      an Officer's Certificate stating that, in the opinion of the
                  signers, all conditions precedent, if any, provided for in
                  this Indenture relating to the proposed action have been
                  complied with; and

         (b)      an Opinion of Counsel stating that, in the opinion of such
                  counsel, all such conditions precedent have been complied
                  with.

Section 11.5. STATEMENTS REQUIRED IN CERTIFICATE OR OPINION.

         Each certificate or opinion with respect to compliance with a condition
or covenant provided for in this Indenture shall 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 complied with; and

                  (4)   a statement as to whether or not, in the opinion of
                        such person, such condition or covenant has been
                        complied with.

                                       29
<PAGE>

Section 11.6. RULES BY TRUSTEE AND AGENTS.

         The Trustee may make reasonable rules for action by or a meeting of
Certificateholders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions.

Section 11.7. LEGAL HOLIDAYS.

         A "LEGAL HOLIDAY" is a Saturday, a Sunday or a day on which banking
institutions are not required to be open. If a payment date is a Legal Holiday
at a place of payment, payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the
intervening period.

Section 11.8. NO RECOURSE AGAINST OTHERS.

         All liability described in the Debentures of any director, officer,
employee or stockholder, as such, of the Company is waived and released.

Section 11.9. DUPLICATE ORIGINALS.

         The parties may sign any number of copies of this Indenture. One signed
copy is enough to prove this Indenture.

Section 11.10. VARIABLE PROVISIONS.

         "OFFICER" means the President, any Vice President, the Treasurer, the
Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

         The Company initially appoints itself as Paying Agent and Registrar.

         The first certificate pursuant to Section 4.3 shall be for the fiscal
year ending on December 31, 2000.

         The reporting date for Section 7.6 is May 15 of each year. The first
reporting date is May 15, 2001.

         The trustee shall always have a combined capital and surplus of at
least $50,000,000 as set forth in its most recent published annual report of
conditions.

                           The Company's address is:

                           9449 Science Center Drive
                           New Hope, Minnesota 55428

                                       30

<PAGE>

                           The Trustee's address is:

                           101 East Fifth Street
                           St. Paul, Minnesota  55101
                           Attn:  Corporate Trust Department

Section 11.11. GOVERNING LAW.

         The internal laws of the State of Minnesota shall govern this
Indenture and the Debentures.

Section 11.12. NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.

         This Indenture may not be used to interpret another indenture, loan
or debt agreement of the Company or a subsidiary. Any such indenture, loan or
debt agreement may not be used to interpret this Indenture.

Section 11.13. SUCCESSORS.

         All agreements of the Company in this Indenture and the Debentures
shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor.

Section 11.14. SEVERABILITY.

         In case any provision in this Indenture or the Debentures shall be
invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired
thereby.

                                      31
<PAGE>

                                   SIGNATURES

Dated:  as of ______________, 2000      VICOM, INCORPORATED

                                        By:________________________________

                                           Its:____________________________

Dated:  as of ______________, 2000      FIRSTAR BANK OF MINNESOTA,
                                        NATIONAL ASSOCIATION

                                        By:________________________________

                                           Its:____________________________

Attest:

______________________________________

                                      32
<PAGE>

                                    EXHIBIT A

                                FORM OF DEBENTURE

                               VICOM, INCORPORATED

                       ______% Debenture Due ____________

<TABLE>
<CAPTION>
          Stated      First Interest       Interest Payable          Issue
         Maturity      Payment Date        on the 1st Day of          Date
         --------      ------------        -----------------          ----
         <S>           <C>                 <C>                       <C>

</TABLE>

         Vicom, Incorporated, a Minnesota corporation (hereinafter called the
"Company," which term includes any successor corporation under the Indenture
hereinafter referred to), for value received hereby promises to pay to
____________________ or registered assigns, the principal sum of
___________________ and _____/100 Dollars on or prior to the date set forth
above ("Stated Maturity"), except as the provisions below with respect to any
prepayment or redemption of this Debenture may become applicable hereto, and
to pay interest thereon at the rate of ______% per annum on the unpaid
portion of said principal sum from the date hereof, or from the most recent
interest payment date to which interest has been paid or duly provided for,
through the day immediately preceding the date on which such principal sum
becomes due and payable, on the _____ day of the month set forth above in
each year, and on any overdue principal, at the aforesaid rate per annum. The
interest so payable, and punctually paid or duly provided for, on any
interest payment date will, as provided in said Indenture, be paid to the
person in whose name this Debenture is registered at the close of business on
the record date for such interest, which shall be the ____ day (whether or
not a business day) of the calendar month next preceding such interest
payment date. At the option of the Company, interest so payable may be paid
by check to the order of said registered holder mailed to such holder's
address appearing on the Debenture register. Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to
the registered holder on such record date, and may be paid to the person in
whose name this Debenture is registered at the close of business on a record
date for the payment of such defaulted interest to be fixed by the Trustee,
notice whereof shall be given to holders of Debentures not less than ____
days prior to such record date, or may be paid, at any time in any other
lawful manner not inconsistent with the requirements of any securities
exchange on which the Debentures may be listed, and upon such notice as may
be required by such exchange, all as more fully provided in said Indenture.
Payment of the principal of and interest on this Debenture will be made at
the office or agency of the Company maintained for that purpose 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.

                                      1
<PAGE>

         This Debenture is one of a duly authorized issue of Debentures of
the Company (herein called the "Debentures") issued under an Indenture dated
as of _____________, 2000 (herein called the "Indenture"), between the
Company and Firstar Bank of Minnesota, National Association, as Trustee
(herein called the "Trustee," which term includes any successor Trustee under
the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights thereunder
of the Company, the Trustee and the holders of the Debentures, and the terms
upon which the Debentures are, and are to be, authenticated and delivered.

         All or any portion of the Debentures are subject to redemption at
any time, upon notice as provided in the Indenture at the election of the
Company, at 100% of the principal amount thereof, together with interest
accrued to the date fixed for redemption, payable on surrender for redemption.

         The Debentures are subject to mandatory redemption in the principal
amount of up to $50,000 upon the death of any Holder as provided in the
Indenture.

         Debentures (or portions thereof as aforesaid) for whose redemption
and payment provision is made in accordance with the Indenture shall cease to
bear interest from and after the date fixed for redemption.

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

         The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of
the Company and the rights of the holders of the Debentures under the
Indenture at any time by the Company with the consent of the holders of a
majority in aggregate principal amount of the Debentures at the time
outstanding, as defined in the Indenture. The Indenture also contains
provisions permitting the holders of a majority in aggregate principal amount
of the Debentures at the time outstanding, as defined in the Indenture, on
behalf of the holders of all Debentures, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the holder of
this Debenture shall be conclusive and binding upon such holder and upon all
future holders of this Debenture and of any Debenture issued upon the
transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent or waiver is made upon this Debenture.

         No reference herein to the Indenture and no provision of this
Debenture or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and
interest on this Debenture at the times, place, and rate, and in the coin or
currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations
therein set forth, this Debenture is transferable on the register of the
Company, upon surrender of this Debenture for transfer at the office or
agency of the Company in any place where the principal hereof and

                                      2
<PAGE>

interest hereon are payable, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Debenture
registrar, duly executed by the registered holder hereof or his attorney duly
authorized in writing, a copy of which authorization shall be delivered with
any such instrument of transfer, and thereupon one or more new Debentures, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

         The Debentures are issuable only as registered Debentures without
coupons in denominations of $1,000 or any multiple thereof. As provided in
the Indenture and subject to certain limitations therein set forth,
Debentures are exchangeable for a like aggregate principal amount of
Debentures of a different authorized denomination, as requested by the holder
surrendering the same.

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

         The Company, the Trustee and any agent of the Company or the Trustee
may treat the person in whose name this Debenture is registered as the owner
hereof for the purpose of receiving payment as herein provided and for all
other purposes whether or not this Debenture be overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

         All terms used in this Debenture which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

         This Debenture, including the validity hereof, shall be construed in
accordance with and governed by the laws of the State of Minnesota.

         Unless the certificate of authentication hereon has been executed by
the Trustee by manual signature, this Debenture shall not be entitled to any
benefit under the Indenture, or be valid or obligatory for any purpose.

         IN WITNESS WHEREOF, the Company has caused this instrument to be
duly executed.

                                       VICOM, INCORPORATED
                                       New Hope, Minnesota

                                       By  __________________________________
                                           (Authorized Officer)

Attest:

______________________________________

                                      3
<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Debentures referred to in the within-mentioned
Indenture.

Authentication Date:                   FIRSTAR BANK OF MINNESOTA,
                                       NATIONAL ASSOCIATION

                                       By  __________________________________
                                           Authorized Signature

                                      4<PAGE>

                                                                    EXHIBIT 4.1

                               SUPERGEN, INC.
                           1993 STOCK OPTION PLAN

                    (AS AMENDED THROUGH JULY 11, 2000)

         1. PURPOSES OF THE PLAN. The purposes of this Stock Plan are:

- to attract and retain the best available personnel for positions of
  substantial responsibility,

- to provide additional incentive to Employees, Directors and Consultants,
  and

- to promote the success of the Company's business.

         Options granted under the Plan may be Incentive Stock Options or
Nonstatutory Stock Options, as determined by the Administrator at the time of
grant. Stock Purchase Rights may also be granted under the Plan.

         2. DEFINITIONS. As used herein, the following definitions shall apply:

              (a) "ADMINISTRATOR" means the Board or any of its Committees as
shall be administering the Plan, in accordance with Section 4 of the Plan.

              (b) "APPLICABLE LAWS" means the requirements relating to the
administration of stock option plans under U.S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws
of any foreign country or jurisdiction where Options or Stock Purchase Rights
are, or will be, granted under the Plan.

              (c) "BOARD" means the Board of Directors of the Company.

              (d) "CHANGE IN CONTROL" means the occurrence of any of the
following events:

                   (i)    Any "person" (as such term is used in Sections
13(d) and 14(d) of the Exchange Act) becomes the "beneficial owner" (as
defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of
securities of the Company representing fifty percent (50%) or more of the
total voting power represented by the Company's then outstanding voting
securities; or

                   (ii)   The consummation of the sale or disposition by the
Company of all or substantially all of the Company's assets; or

<PAGE>

                   (iii)  The consummation of a merger or consolidation of
the Company with any other corporation, other than a merger or consolidation
which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving
entity or its parent) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
or its parent outstanding immediately after such merger or consolidation.

              (e) "CODE" means the Internal Revenue Code of 1986, as amended.

              (f) "COMMITTEE" means a Committee appointed by the Board in
accordance with Section 4 of the Plan.

              (g) "COMMON STOCK" means the Common Stock of the Company.

              (h) "COMPANY" means SuperGen, Inc., a Delaware corporation.

              (i) "CONSULTANT" means any person, including an advisor,
engaged by the Company or a Parent or Subsidiary to render services and who
is compensated for such services.

              (j) "CONTINUOUS STATUS AS A DIRECTOR OR CONSULTANT" means that
the employment relationship, directorship or consulting relationship with the
Company, any Parent, or Subsidiary, is not interrupted or terminated.
Continuous Status as a Director or Consultant shall not be considered
interrupted in the case of (i) any leave of absence approved by the Company
or (ii) transfers between locations of the Company or between the Company,
its Parent, any Subsidiary, or any successor. A leave of absence approved by
the Company shall include sick leave, military leave, or any other personal
leave approved by an authorized representative of the Company. For purposes
of Incentive Stock Options, no such leave may exceed ninety days, unless
reemployment upon expiration of such leave is guaranteed by statute or
contract. If reemployment upon expiration of a leave of absence approved by
the Company is not so guaranteed, on the 181st day of such leave any
Incentive Stock Option held by the Optionee shall cease to be treated as an
Incentive Stock Option and shall be treated for tax purposes as a
Nonstatutory Stock Option.

              (k) "DIRECTOR" means a member of the Board.

              (l) "DISABILITY" means total and permanent disability as
defined in Section 22(e)(3) of the Code.

              (m) "EMPLOYEE" means any person, including Officers and
Directors, employed by the Company or any Parent or Subsidiary of the
Company. Neither service as a Director nor payment of a director's fee by the
Company shall be sufficient to constitute "employment" by the Company.

              (n) "EXCHANGE ACT" means the Securities Exchange Act of 1934,
as amended.

                                     -2-

<PAGE>

              (o) "FAIR MARKET VALUE" means, as of any date, the value of Common
Stock determined as follows:

                   (i)    If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the
Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock
Market, its Fair Market Value shall be the closing sales price for such stock
(or the closing bid, if no sales were reported) as quoted on such exchange or
system for the last market trading day prior to the time of determination, as
reported in THE WALL STREET JOURNAL or such other source as the Administrator
deems reliable;

                   (ii)   If the Common Stock is regularly quoted by a
recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share of Common Stock shall be the mean between the high
bid and low asked prices for the Common Stock on the last market trading day
prior to the day of determination, as reported in The Wall Street Journal or
such other source as the Administrator deems reliable;

                   (iii)  In the absence of an established market for the
Common Stock, the Fair Market Value shall be determined in good faith by the
Administrator.

              (p) "INCENTIVE STOCK OPTION" means an Option intended to
qualify as an incentive stock option within the meaning of Section 422 of the
Code and the regulations promulgated thereunder.

              (q) "NONSTATUTORY STOCK OPTION" means an Option not intended to
qualify as an Incentive Stock Option.

              (r) "NOTICE OF GRANT" means a written notice evidencing certain
terms and conditions of an individual Option or Stock Purchase Right grant.
The Notice of Grant is part of the Option Agreement.

              (s) "OFFICER" means a person who is an officer of the Company
within the meaning of Section 16 of the Exchange Act and the rules and
regulations promulgated thereunder.

              (t) "OPTION" means a stock option granted pursuant to the Plan.

              (u) "OPTION AGREEMENT" means a written agreement between the
Company and an Optionee evidencing the terms and conditions of an individual
Option grant. The Option Agreement is subject to the terms and conditions of
the Plan.

              (v) "OPTION EXCHANGE PROGRAM" means a program whereby
outstanding options are surrendered in exchange for options with a lower
exercise price.

              (w) "OPTIONED STOCK" means the Common Stock subject to an
Option or Stock Purchase Right.

                                     -3-

<PAGE>

              (x) "OPTIONEE" means an Employee, Director or Consultant who
holds an outstanding Option or Stock Purchase Right.

              (y) "PARENT" means a "parent corporation", whether now or
hereafter existing, as defined in Section 424(e) of the Code.

              (z) "PLAN" means this SuperGen, Inc. 1993 Stock Plan.

              (aa) "RESTRICTED STOCK" means shares of Common Stock acquired
pursuant to a grant of Stock Purchase Rights under Section 11 below.

              (bb) "RESTRICTED STOCK PURCHASE AGREEMENT" means a written
agreement between the Company and the Optionee evidencing the terms and
restrictions applying to stock purchased under a Stock Purchase Right. The
Restricted Stock Purchase Agreement is subject to the terms and conditions of
the Plan and the Notice of Grant.

              (cc) "RULE 16b-3" means Rule 16b-3 of the Exchange Act or any
successor to Rule 16b-3, as in effect when discretion is being exercised with
respect to the Plan.

              (dd) "SECTION 16(b)" means Section 16(b) of the Securities
Exchange Act of 1934, as amended.

              (ee) "SHARE" means a share of the Common Stock, as adjusted in
accordance with Section 13 of the Plan.

              (ff) "STOCK PURCHASE RIGHT" means the right to purchase Common
Stock pursuant to Section 11 of the Plan, as evidenced by a Notice of Grant.

              (gg) "SUBSIDIARY" means a "subsidiary corporation", whether now
or hereafter existing, as defined in Section 424(f) of the Code.

         3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section
13 of the Plan, the maximum aggregate number of Shares which may be optioned
and sold under the Plan is 5,850,000 Shares. The Shares may be authorized,
but unissued, or reacquired Common Stock.

              If an Option or Stock Purchase Right expires or becomes
unexercisable without having been exercised in full, or is surrendered pursuant
to an Option Exchange Program, the unpurchased Shares which were subject thereto
shall become available for future grant or sale under the Plan (unless the Plan
has terminated); provided, however, that Shares that have actually been issued
under the Plan, whether upon exercise of an Option or Right, shall not be
returned to the Plan and shall not become available for future distribution
under the Plan, except that if Shares of Restricted Stock are repurchased by the
Company at their original purchase price, such Shares shall become available for
future grant under the Plan. For purposes of the preceding sentence, voting
rights shall not be considered a benefit of Share ownership.

                                     -4-

<PAGE>

         4. ADMINISTRATION OF THE PLAN.

               (a) PROCEDURE.

                   (i)    MULTIPLE ADMINISTRATIVE BODIES. The Plan may be
administered by different Committees with respect to different groups of
Service Providers.

                   (ii)   SECTION 162(m). To the extent that the
Administrator determines it to be desirable to qualify Options granted
hereunder as "performance-based compensation" within the meaning of Section
162(m) of the Code, the Plan shall be administered by a Committee of two or
more "outside directors" within the meaning of Section 162(m) of the Code.

                   (iii)  RULE 16b-3. To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3, the transactions
contemplated hereunder shall be structured to satisfy the requirements for
exemption under Rule 16b-3.

                   (iv)   OTHER ADMINISTRATION. Other than as provided above,
the Plan shall be administered by (A) the Board or (B) a Committee, which
committee shall be constituted to satisfy Applicable Laws.

              (b) POWERS OF THE ADMINISTRATOR. Subject to the provisions of
the Plan, and in the case of a Committee, subject to the specific duties
delegated by the Board to such Committee, the Administrator shall have the
authority, in its discretion:

                   (i)    to determine the Fair Market Value of the Common
Stock, in accordance with Section 2(n) of the Plan;

                   (ii)   to select the Employees, Directors and Consultants
to whom Options and Stock Purchase Rights may be granted hereunder;

                   (iii)  to determine whether and to what extent Options and
Stock Purchase Rights or any combination thereof, are granted hereunder;

                   (iv)   to determine the number of shares of Common Stock
to be covered by each Option and Stock Purchase Right granted hereunder;

                   (v)    to approve forms of agreement for use under the
Plan;

                   (vi)   to determine the terms and conditions, not
inconsistent with the terms of the Plan, of any award granted hereunder. Such
terms and conditions include, but are not limited to, the exercise price, the
time or times when Options or Stock Purchase Rights may be exercised (which
may be based on performance criteria), any vesting acceleration or waiver of
forfeiture restrictions, and any restriction or limitation regarding any
Option or Stock Purchase Right or the shares of Common Stock relating
thereto, based in each case on such factors as the Administrator, in its sole
discretion, shall determine;

                                     -5-

<PAGE>

                   (vii)  to reduce the exercise price of any Option or Stock
Purchase Right to the then current Fair Market Value if the Fair Market Value
of the Common Stock covered by such Option or Stock Purchase Right shall have
declined since the date the Option or Stock Purchase Right was granted;

                   (viii) to construe and interpret the terms of the Plan and
awards granted pursuant to the Plan;

                   (ix)   to prescribe, amend and rescind rules and
regulations relating to the Plan, including rules and regulations relating to
sub-plans established for the purpose of qualifying for preferred tax
treatment under foreign tax laws;

                   (x)    to modify or amend each Option or Stock Purchase
Right (subject to Section 15(c) of the Plan), including the discretionary
authority to extend the post-termination exercisability period of Options
longer than is otherwise provided for in the Plan;

                   (xi)   to authorize any person to execute on behalf of the
Company any instrument required to effect the grant of an Option or Stock
Purchase Right previously granted by the Administrator;

                   (xii)  to institute an Option Exchange Program;

                   (xiii) to allow Optionees to satisfy withholding tax
obligations by electing to have the Company withhold from the Shares to be
issued upon exercise of an Option or Stock Purchase Right that number of
Shares having a Fair Market Value equal to the amount required to be
withheld. The Fair Market Value of the Shares to be withheld shall be
determined on the date that the amount of tax to be withheld is to be
determined. All elections by an Optionee to have Shares withheld for this
purpose shall be made in such form and under such conditions as the
Administrator may deem necessary or advisable;

                   (xiv)  to make all other determinations deemed necessary
or advisable for administering the Plan.

              (c) EFFECT OF ADMINISTRATOR'S DECISION. The Administrator's
decisions, determinations and interpretations shall be final and binding on
all Optionees and any other holders of Options or Stock Purchase Rights.

         5. ELIGIBILITY. Nonstatutory Stock Options and Stock Purchase Rights
may be granted to Employees, Directors and Consultants. Incentive Stock
Options may be granted only to Employees.

         6. LIMITATIONS.

              (a) Each Option shall be designated in the written option
agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.
However, notwithstanding such designation, to the extent that the aggregate
Fair Market Value of the Shares with respect to which

                                     -6-

<PAGE>

Incentive Stock Options are exercisable for the first time by the Optionee
during any calendar year (under all plans of the Company and any Parent or
Subsidiary) exceeds $100,000, such Options shall be treated as Nonstatutory
Stock Options. For purposes of this Section 6(a), Incentive Stock Options
shall be taken into account in the order in which they were granted. The Fair
Market Value of the Shares shall be deter-mined as of the time the Option
with respect to such Shares is granted.

              (b) Neither the Plan nor any Option or Stock Purchase Right
shall confer upon an Optionee any right with respect to continuing the
Optionee's employment relationship, directorship or consulting relationship
with the Company, nor shall they interfere in any way with the Optionee's
right or the Company's right to terminate such employment relationship,
directorship or consulting relationship at any time, with or without cause.

              (c) The following limitations shall apply to grants of Options
and Stock Purchase Rights to Employees, Directors and Consultants:

                   (i)    No Employee, Director or Consultant shall be
granted, in any fiscal year of the Company, Options and Stock Purchase Rights
to purchase more than 500,000 Shares.

                   (ii)   In connection with his or her initial service with
the Company, an Employee, Director or Consultant may be granted Options and
Stock Purchase Rights to purchase up to an additional 200,000 Shares which
shall not count against the limit set forth in subsection (i) above.

                   (iii)  The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company's capitalization
as described in Section 13.

                   (iv)   If an Option or Stock Purchase Right is cancelled
in the same fiscal year of the Company in which it was granted (other than in
connection with a transaction described in Section 13), the cancelled Option
or Stock Purchase Right will be counted against the limits set forth in
subsections (i) and (ii) above. For this purpose, if the exercise price of an
Option or Stock Purchase Right is reduced, the transaction will be treated as
a cancellation of the Option or Stock Purchase Right and the grant of a new
Option or Stock Purchase Right.

         7. TERM OF PLAN. Subject to Section 19 of the Plan, the Plan shall
become effective upon the earlier to occur of its adoption by the Board or
its approval by the shareholders of the Company as described in Section 19 of
the Plan. It shall continue in effect for a term of ten (10) years unless
terminated earlier under Section 15 of the Plan.

         8. TERM OF OPTION. The term of each Option shall be stated in the
Notice of Grant; provided, however, that in the case of an Incentive Stock
Option, the term shall be ten (10) years from the date of grant or such
shorter term as may be provided in the Notice of Grant. Moreover, in the case
of an Incentive Stock Option granted to an Optionee who, at the time the
Incentive Stock Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or
any Parent or Subsidiary, the term of the Incentive Stock Option

                                     -7-
<PAGE>

shall be five (5) years from the date of grant or such shorter term as may be
provided in the Notice of Grant.

         9. OPTION EXERCISE PRICE AND CONSIDERATION.

              (a) EXERCISE PRICE. The per share exercise price for the Shares
to be issued pursuant to exercise of an Option shall be determined by the
Administrator, subject to the following:

                   (i)    In the case of an Incentive Stock Option

                        (A) granted to an Employee who, at the time the
Incentive Stock Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or
any Parent or Subsidiary, the per Share exercise price shall be no less than
110% of the Fair Market Value per Share on the date of grant.

                        (B) granted to any Employee other than an Employee
described in paragraph (A) immediately above, the per Share exercise price
shall be no less than 100% of the Fair Market Value per Share on the date of
grant.

                   (ii)   In the case of a Nonstatutory Stock Option, the per
Share exercise price shall be determined by the Administrator. In the case of
a Nonstatutory Stock Option intended to qualify as "performance-based
compensation" within the meaning of Section 162(m) of the Code, the per Share
exercise price shall be no less than 100% of the Fair Market Value per Share
on the date of grant.

                   (iii)  Notwithstanding the foregoing, Options may be
granted with a per Share exercise price of less than 100% of the Fair Market
Value per Share on the date of grant pursuant to a merger or other corporate
transaction.

              (b) WAITING PERIOD AND EXERCISE DATES. At the time an Option is
granted, the Administrator shall fix the period within which the Option may
be exercised and shall determine any conditions which must be satisfied
before the Option may be exercised. In so doing, the Administrator may
specify that an Option may not be exercised until the completion of a service
period.

              (c) FORM OF CONSIDERATION. The Administrator shall determine
the acceptable form of consideration for exercising an Option, including the
method of payment. In the case of an Incentive Stock Option, the
Administrator shall determine the acceptable form of consideration at the
time of grant. Such consideration may consist entirely of:

                   (i)    cash;

                   (ii)   check;

                   (iii)  promissory note;

                                     -8-

<PAGE>

                   (iv)   other Shares which (A) in the case of Shares
acquired upon exercise of an option, have been owned by the Optionee for more
than six months on the date of surrender, and (B) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as
to which said Option shall be exercised;

                   (v)    delivery of a properly executed exercise notice
together with such other documentation as the Administrator and the broker,
if applicable, shall require to effect an exercise of the Option and delivery
to the Company of the sale or loan proceeds required to pay the exercise
price;

                   (vi)   a reduction in the amount of any Company liability
to the Optionee, including any liability attributable to the Optionee's
participation in any Company-sponsored deferred compensation program or
arrangement;

                   (vii)  any combination of the foregoing methods of
payment; or

                   (viii) such other consideration and method of payment for
the issuance of Shares to the extent permitted by Applicable Laws.

         10. EXERCISE OF OPTION.

              (a) PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any
Option granted hereunder shall be exercisable according to the terms of the
Plan and at such times and under such conditions as determined by the
Administrator and set forth in the Option Agreement.

              An Option may not be exercised for a fraction of a Share.

              An Option shall be deemed exercised when the Company receives:
(i) written notice of exercise (in accordance with the Option Agreement) from
the person entitled to exercise the Option, and (ii) full payment for the
Shares with respect to which the Option is exercised. Full payment may
consist of any consideration and method of payment authorized by the
Administrator and permitted by the Option Agreement and the Plan. Shares
issued upon exercise of an Option shall be issued in the name of the Optionee
or, if requested by the Optionee, in the name of the Optionee and his or her
spouse. Until the stock certificate evidencing such Shares is issued (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive
dividends or any other rights as a shareholder shall exist with respect to
the Optioned Stock, notwithstanding the exercise of the Option. The Company
shall issue (or cause to be issued) such stock certificate promptly after the
Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the stock certificate is
issued, except as provided in Section 13 of the Plan.

              Exercising an Option in any manner shall decrease the number of
Shares thereafter available, both for purposes of the Plan and for sale under
the Option, by the number of Shares as to which the Option is exercised.

                                     -9-

<PAGE>

              (b) TERMINATION OF EMPLOYMENT, CONSULTING RELATIONSHIP OR
DIRECTORSHIP. Upon termination of an Optionee's Continuous Status as an
Employee, Director or Consultant, other than upon the Optionee's death or
Disability, the Optionee may exercise his or her Option, but only within such
period of time as is specified in the Notice of Grant, and only to the extent
that the Optionee was entitled to exercise it at the date of termination (but
in no event later than the expiration of the term of such Option as set forth
in the Notice of Grant). In the absence of a specified time in the Notice of
Grant, the Option shall remain exercisable for three (3) months following the
Optionee's termination. In the case of an Incentive Stock Option, such period
of time for exercise shall not exceed three (3) months from the date of
termination. If, on the date of termination, the Optionee is not entitled to
exercise the Optionee's entire Option, the Shares covered by the
unexercisable portion of the Option shall revert to the Plan. If, after
termination, the Optionee does not exercise his or her Option within the time
specified by the Administrator, the Option shall terminate, and the Shares
covered by such Option shall revert to the Plan.

              Notwithstanding the above, in the event of an Optionee's change
in status from Consultant or Director to Employee or Employee or Director to
Consultant, an Optionee's Continuous Status as a Director or Consultant shall
not automatically terminate solely as a result of such change in status.
However, in such event, an Incentive Stock Option held by the Optionee shall
cease to be treated as an Incentive Stock Option and shall be treated for tax
purposes as a Nonstatutory Stock Option three months and one day following
such change of status from an Employee to a Consultant.

              (c) DISABILITY OF OPTIONEE. In the event that an Optionee's
Continuous Status as an Employee, Director or Consultant terminates as a
result of the Optionee's Disability, the Optionee may exercise his or her
Option at any time within twelve (12) months from the date of such
termination, but only to the extent that the Optionee was entitled to
exercise it at the date of such termination (but in no event later than the
expiration of the term of such Option as set forth in the Notice of Grant).
If, at the date of termination, the Optionee is not entitled to exercise his
or her entire Option, the Shares covered by the unexercisable portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

              (d) DEATH OF OPTIONEE. In the event of the death of an
Optionee, the Option may be exercised at any time within twelve (12) months
following the date of death (but in no event later than the expiration of the
term of such Option as set forth in the Notice of Grant), by the Optionee's
estate or by a person who acquired the right to exercise the Option by
bequest or inheritance, but only to the extent that the Optionee was entitled
to exercise the Option at the date of death. If, at the time of death, the
Optionee was not entitled to exercise his or her entire Option, the Shares
covered by the unexercisable portion of the Option shall immediately revert
to the Plan. If, after death, the Optionee's estate or a person who acquired
the right to exercise the Option by bequest or inheritance does not exercise
the Option within the time specified herein, the Option shall terminate, and
the Shares covered by such Option shall revert to the Plan.

                                     -10-

<PAGE>

              (e) BUYOUT PROVISIONS. The Administrator may at any time offer
to buy out for a payment in cash or Shares, an Option previously granted
based on such terms and conditions as the Administrator shall establish and
communicate to the Optionee at the time that such offer is made.

         11. STOCK PURCHASE RIGHTS.

              (a) RIGHTS TO PURCHASE. Stock Purchase Rights may be issued
either alone, in addition to, or in tandem with other awards granted under
the Plan and/or cash awards made outside of the Plan. After the Administrator
determines that it will offer Stock Purchase Rights under the Plan, it shall
advise the offeree in writing, by means of a Notice of Grant, of the terms,
conditions and restrictions related to the offer, including the number of
Shares that the offeree shall be entitled to purchase, the price to be paid,
and the time within which the offeree must accept such offer, which shall in
no event exceed six (6) months from the date upon which the Administrator
made the determination to grant the Stock Purchase Right. The offer shall be
accepted by execution of a Restricted Stock Purchase Agreement in the form
determined by the Administrator.

              (b) REPURCHASE OPTION. Unless the Administrator deter-mines
other-wise, the Restricted Stock Purchase Agreement shall grant the Company a
repurchase option exercisable upon the voluntary or involuntary termination
of the purchaser's employment with the Company for any reason (including
death or Disability). The purchase price for Shares repurchased pursuant to
the Restricted Stock purchase agreement shall be the original price paid by
the purchaser and may be paid by cancellation of any indebtedness of the
purchaser to the Company. The repurchase option shall lapse at a rate
determined by the Administrator.

              (c) OTHER PROVISIONS. The Restricted Stock Purchase Agreement
shall contain such other terms, provisions and conditions not inconsistent
with the Plan as may be determined by the Administrator in its sole
discretion. In addition, the provisions of Restricted Stock Purchase
Agreements need not be the same with respect to each purchaser.

              (d) RIGHTS AS A SHAREHOLDER. Once the Stock Purchase Right is
exercised, the purchaser shall have the rights equivalent to those of a
shareholder, and shall be a shareholder when his or her purchase is entered
upon the records of the duly authorized transfer agent of the Company. No
adjustment will be made for a dividend or other right for which the record
date is prior to the date the Stock Purchase Right is exercised, except as
provided in Section 13 of the Plan.

         12. NON-TRANSFERABILITY OF OPTIONS AND STOCK PURCHASE RIGHTS. Unless
determined otherwise by the Administrator, an Option or Stock Purchase Right
may not be sold, pledged, assigned, hypothecated, transferred, or disposed of
in any manner other than by will or by the laws of descent or distribution
and may be exercised, during the lifetime of the Optionee, only by the
Optionee. If the Administrator makes an Option or Stock Purchase Right
transferable, such Option or Stock Purchase Right shall contain such
additional terms and conditions as the Administrator deems appropriate.

         13. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, MERGER
OR CHANGE IN CONTROL.

                                     -11-

<PAGE>

              (a) CHANGES IN CAPITALIZATION. Subject to any required action
by the shareholders of the Company, the number of shares of Common Stock
covered by each outstanding Option and Stock Purchase Right, and the number
of shares of Common Stock which have been authorized for issuance under the
Plan but as to which no Options or Stock Purchase Rights have yet been
granted or which have been returned to the Plan upon cancellation or
expiration of an Option or Stock Purchase Right, as well as the price per
share of Common Stock covered by each such outstanding Option or Stock
Purchase Right, shall be proportionately adjusted for any increase or
decrease in the number of issued shares of Common Stock resulting from a
stock split, reverse stock split, stock dividend, combination or
reclassification of the Common Stock, or any other increase or decrease in
the number of issued shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been
"effected without receipt of consideration." Such adjustment shall be made by
the Board, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Common Stock
subject to an Option or Stock Purchase Right.

              (b) DISSOLUTION OR LIQUIDATION. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify
each Optionee as soon as practicable prior to the effective date of such
proposed transaction. The Administrator in its discretion may provide for an
Optionee to have the right to exercise his or her Option until ten (10) days
prior to such transaction as to all of the Optioned Stock covered thereby,
including Shares as to which the Option would not otherwise be exercisable.
In addition, the Administrator may provide that any Company repurchase option
applicable to any Shares purchased upon exercise of an Option shall lapse as
to all such Shares, provided the proposed dissolution or liquidation takes
place at the time and in the manner contemplated. To the extent it has not
been previously exercised, an Option will terminate immediately prior to the
consummation of such proposed action.

              (c) MERGER OR CHANGE IN CONTROL. In the event of a merger of
the Company with or into another corporation, or a Change in Control, each
outstanding Option and Stock Purchase Right shall be assumed or an equivalent
option or right substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for the Option or Stock Purchase
Right, the Optionee shall have the right to exercise the Option or Stock
Purchase Right as to all of the Optioned Stock, including Shares as to which
it would not otherwise be exercisable. If an Option or Stock Purchase Right
is exercisable in lieu of assumption or substitution, the Administrator shall
notify the Optionee that the Option or Stock Purchase Right shall be fully
exercisable for a period of fifteen (15) days from the date of such notice,
and the Option or Stock Purchase Right shall terminate upon the expiration of
such period. For the purposes of this paragraph, the Option or Stock Purchase
Right shall be considered assumed if, following the merger or Change in
Control, the option or right confers the right to purchase or receive, for
each Share of Optioned Stock subject to the Option or Stock Purchase Right
immediately prior to the merger or Change in Control, the consideration
(whether stock, cash, or other securities

                                     -12-

<PAGE>

or property) received in the merger or Change in Control by holders of Common
Stock for each Share held on the effective date of the transaction (and if
holders were offered a choice of consideration, the type of consideration
chosen by the holders of a majority of the outstanding Shares); provided,
however, that if such consideration received in the merger or Change in
Control is not solely common stock of the successor corporation or its
Parent, the Administrator may, with the consent of the successor corporation,
provide for the consideration to be received upon the exercise of the Option
or Stock Purchase Right, for each Share of Optioned Stock subject to the
Option or Stock Purchase Right, to be solely common stock of the successor
corporation or its Parent equal in fair market value to the per share
consideration received by holders of Common Stock in the merger or Change in
Control.

              (d) ACCELERATION IN THE EVENT OF A CHANGE IN CONTROL. In the
event of a Change in Control the vesting of all Options and Stock Purchase
Rights shall accelerate fully and the Optionee shall have the right to
exercise the Option or Stock Purchase Right as to all of the Optioned Stock,
including Shares as to which it would not otherwise be exercisable.

         14. DATE OF GRANT. The date of grant of an Option or Stock Purchase
Right shall be, for all purposes, the date on which the Administrator makes
the determination granting such Option or Stock Purchase Right, or such other
later date as is determined by the Administrator. Notice of the determination
shall be provided to each Optionee within a reasonable time after the date of
such grant.

         15. AMENDMENT AND TERMINATION OF THE PLAN.

              (a) AMENDMENT AND TERMINATION. The Board may at any time amend,
alter, suspend or terminate the Plan.

              (b) SHAREHOLDER APPROVAL. The Company shall obtain shareholder
approval of any Plan amendment to the extent necessary and desirable to
comply with Sections 162(m) or 422 of the Code (or any successor rule or
statute or other applicable law, rule or regulation, including the
requirements of any exchange or quotation system on which the Common Stock is
listed or quoted). Such shareholder approval, if required, shall be obtained
in such a manner and to such a degree as is required by the applicable law,
rule or regulation.

              (c) EFFECT OF AMENDMENT OR TERMINATION. No amendment,
alteration, suspension or termination of the Plan shall impair the rights of
any Optionee, unless mutually agreed otherwise between the Optionee and the
Administrator, which agreement must be in writing and signed by the Optionee
and the Company.

         16. CONDITIONS UPON ISSUANCE OF SHARES.

              (a) LEGAL COMPLIANCE. Shares shall not be issued pursuant to
the exercise of an Option or Stock Purchase Right unless the exercise of such
Option or Stock Purchase Right and the issuance and delivery of such Shares
shall comply with all relevant provisions of law, including,

                                     -13-

<PAGE>

without limitation, the Securities Act of 1933, as amended, the Exchange
Act, the rules and regulations promulgated thereunder, Applicable Laws, and
the requirements of any stock exchange or quotation system upon which the
Shares may then be listed or quoted, and shall be further subject to the
approval of counsel for the Company with respect to such compliance.

              (b) INVESTMENT REPRESENTATIONS. As a condition to the exercise
of an Option or Stock Purchase Right, the Company may require the person
exercising such Option or Stock Purchase Right to represent and warrant at
the time of any such exercise that the Shares are being purchased only for
investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company, such a representation
is required.

         17. LIABILITY OF COMPANY.

              (a) INABILITY TO OBTAIN AUTHORITY. The inability of the Company
to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company's counsel to be necessary to the lawful
issuance and sale of any Shares hereunder, shall relieve the Company of any
liability in respect of the failure to issue or sell such Shares as to which
such requisite authority shall not have been obtained.

              (b) GRANTS EXCEEDING ALLOTTED SHARES. If the Optioned Stock
covered by an Option or Stock Purchase Right exceeds, as of the date of
grant, the number of Shares which may be issued under the Plan without
additional shareholder approval, such Option or Stock Purchase Right shall be
void with respect to such excess Optioned Stock, unless shareholder approval
of an amendment sufficiently increasing the number of Shares subject to the
Plan is timely obtained in accordance with Section 15(b) of the Plan.

         18. RESERVATION OF SHARES. The Company, during the term of this
Plan, will at all times reserve and keep available such number of Shares as
shall be sufficient to satisfy the requirements of the Plan.

         19. SHAREHOLDER APPROVAL. Continuance of the Plan shall be subject
to approval by the shareholders of the Company within twelve (12) months
before or after the date the Plan is adopted. Such shareholder approval shall
be obtained in the manner and to the degree required under applicable federal
and state law.

                                     -14-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]