Document:

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                                  EXHIBIT 10.13

                                    GUARANTY

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           This GUARANTY, dated as of August 11, 2000, is by CENTRAL CHECK
CASHING, INC., a California corporation, and CENTRAL CONSUMER COMPANY OF NEVADA,
a Nevada corporation (individually a "Guarantor", collectively "Guarantors"), in
favor of the Lenders (as below defined) and UNION BANK OF CALIFORNIA, N.A., as
agent (in such capacity, the "Agent") for the financial institutions (the
"Lenders") from time to time party to that certain Credit Agreement dated as of
August 11, 2000, among Central Consumer Finance Company, a Delaware corporation
(the "Borrower"), the Lenders and the Agent.

                                    Recitals

           A. The Borrower, the Agent, and the Lenders entered into a Credit
Agreement dated as of August 11, 2000. The Credit Agreement as now in effect or
hereafter extended, renewed, modified, supplemented, amended or restated is
hereinafter called the "Credit Agreement".

           B. The Lenders are willing to make certain Loans to the Borrower as
provided in the Credit Agreement on the condition (among others) that the
Guarantors enter into this Guaranty.

           C. The Guarantors, as Subsidiaries of the Borrower, will derive
substantial and direct benefits (which benefits are hereby acknowledged by the
Guarantors) from the Loans and other benefits to be provided to the Borrower
under the Credit Agreement.

           D. In order to induce the Lenders to make such Loans available to the
Borrower as provided in the Credit Agreement, and for other valuable
consideration, the Guarantors issue this Guaranty.

        1. Definitions. Unless otherwise defined herein, capitalized terms used
in this Guaranty have the meanings given to them from time to time in the Credit
Agreement. References to the Lenders or any Lender herein shall include the
Agent in its capacity as a Lender. As used herein, "Guaranteed Obligations"
means (a) the "Obligations" as defined in the Credit Agreement and includes all
obligations, liabilities and indebtedness of every kind and character, whether
now existing or hereafter arising, whether absolute or contingent, and whether
direct or indirect, arising directly or indirectly under or pursuant to any one
or more of the Loan Documents, whether for principal, interest (including,
without limitation, interest that, but for the filing of a petition in
bankruptcy, would accrue on such obligations, liabilities or indebtedness), fees
(including, without limitation, reasonable attorneys' fees of outside counsel
and the reasonable allocated fees of internal counsel) or expenses, (b) all
obligations, liabilities and indebtedness of Borrower to Union Bank of
California, N.A. of every kind and character, whether now existing or hereafter
arising, whether absolute or contingent, and whether direct or indirect, arising
directly or indirectly under or pursuant to any and all transactions, agreements
or documents now existing or hereafter entered into, which provides for an
interest rate, credit, commodity or equity swap, cap, floor, collar, forward
foreign exchange transaction, currency swap, cross currency rate swap, currency
option, or any combination of, or option with respect to, these or similar
transactions, for the purpose of hedging Borrower's exposure to fluctuations in
interest or exchange rates, loan, credit exchange, security or currency
valuations or commodity prices, whether for principal, interest (including,
without limitation, interest that, but for the

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filing of a petition in bankruptcy, would accrue on such obligations,
liabilities or indebtedness), fees (including, without limitation, reasonable
attorneys' fees of outside counsel and the reasonable allocated fees of internal
counsel) or expenses, and (c) all obligations, liabilities and indebtedness of
Borrower to Union Bank of California, N.A. of every kind and character, whether
now existing or hereafter arising, whether absolute or contingent, and whether
direct or indirect, arising directly or indirectly under or pursuant to any cash
management or related services including the automatic clearing house transfer
of funds by the Bank for the account of Borrower pursuant to agreement or
overdrafts, whether for principal, interest (including, without limitation,
interest that, but for the filing of a petition in bankruptcy, would accrue on
such obligations, liabilities or indebtedness), fees (including, without
limitation, reasonable attorneys' fees of outside counsel and the reasonable
allocated fees of internal counsel) or expenses.

        2. Guaranty.

        2.1    Guaranty. (a)Each Guarantor hereby, jointly and severally,
               irrevocably, absolutely, and unconditionally guarantees the full
               and punctual payment or performance when due, whether at stated
               maturity, by required prepayment, declaration, acceleration,
               demand or otherwise, of all of the Guaranteed Obligations,
               including (i) Guaranteed Obligations in respect of amounts that
               would become due but for the operation of the automatic stay
               under Section 362(a) of the Bankruptcy Code or the operation of
               Sections 502(b) and 506(b) of the Bankruptcy Code; and (ii)
               Guaranteed Obligations to deliver and pledge cash collateral upon
               certain events. This Guaranty constitutes a guaranty of payment
               and performance when due and not of collection, and each
               Guarantor specifically agrees that it shall not be necessary or
               required that the Agent or any Lender exercise any right, assert
               any claim or demand or enforce any remedy whatsoever against the
               Borrower (or any other Person) before or as a condition to the
               obligations of the Guarantors hereunder. The Agent or any Lender
               may permit the indebtedness of the Borrower to the Agent or any
               Lender to include indebtedness other than the Guaranteed
               Obligations, and may apply any amounts received from any source,
               other than from the Guarantors, to that portion of Borrower's
               indebtedness to the Agent or any Lender which is not a part of
               the Guaranteed Obligations.

        (b)    To secure all of the Guarantors' obligations hereunder, each
               Guarantor assigns and grants to Lender a security interest in all
               moneys, securities, and other property of such Guarantor now or
               hereafter in the possession of Lender, all deposit accounts of
               such Guarantor maintained with Lender, and all proceeds thereof.
               Upon default or breach of any Guarantor's obligations to Lender,
               Lender may apply any deposit account to reduce the indebtedness,
               and may foreclose any collateral as provided in the Uniform
               Commercial Code and in any security agreements between Lender and
               Guarantor.

        2.2    Obligations Independent. The obligations hereunder are
               independent of the obligations of the Borrower, and a separate
               action or actions may be brought and prosecuted against one or
               more of the Guarantors whether action is brought against the
               Borrower or whether the Borrower or any other guarantor be joined
               in any such

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               action or actions; and each Guarantor waives the benefit of any
               statute of limitations affecting such Guarantor's liability
               hereunder.

        2.3    Limit of Liability. Notwithstanding anything to the contrary
               contained herein:

        (a)    Each Guarantor shall be liable hereunder only for the largest
               amount that would not render such Guarantor's obligations
               hereunder subject to avoidance under Section 548 of the
               Bankruptcy Code or comparable provisions of any applicable state
               law; provided that such amount shall be presumed to be the entire
               amount of the Guaranteed Obligations. If, any Guarantor claims
               that such Guarantor's liability hereunder is less than the entire
               amount of the Guaranteed Obligations, such Guarantor shall have
               the burden of proving, by clear and convincing evidence, that
               such Guarantor's liability hereunder should be so limited since
               the information concerning, and the circumstances of, the
               financial condition of such Guarantor are more readily available
               to and are under the control of such Guarantor.

        (b)    All payments received by Agent or any Lender from any Person
               other than a Guarantor on account of the Guaranteed Obligations
               shall be deemed as having been applied to Guaranteed Obligations
               which, pursuant to this Section 2.3, are in excess of the amounts
               guaranteed hereunder.

        2.4    Authorization of Renewals, Etc. The Guarantors authorize the
               Agent and each Lender, without notice or demand and without
               affecting its liability hereunder, from time to time:

        (a)    to renew, compromise, extend, accelerate or otherwise change the
               time for payment, or otherwise change the terms, of the
               Guaranteed Obligations or any part thereof, including increase or
               decrease of the rate of interest thereon, or otherwise change the
               terms of the Credit Agreement or any other Loan Document;

        (b)    to receive and hold security for the payment of this Guaranty or
               the Guaranteed Obligations and exchange, enforce, waive, release,
               fail to perfect, sell, or otherwise dispose of any such security;

        (c)    to apply such security and direct the order or manner of sale
               thereof as the Agent, or any Lender, as the case may be, in its
               or their discretion may determine; and

        (d)    to release or substitute any one or more of any endorsers or
               guarantors of the Guaranteed Obligations.

The Guarantors further agree the performance or occurrence of any of the acts or
events described in clauses (a), (b), (c), and (d) above with respect to
indebtedness or other obligations of the Borrower, other than the Guaranteed
Obligations, to the Agent or any Lender, shall not affect the liability of the
Guarantors hereunder.

        2.5    Waiver of Certain Rights. Each Guarantor waives any right to
               require the Agent or any Lender:

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        (a)    to proceed against the Borrower or any other Person, including
               any other Guarantor;

        (b)    to proceed against or exhaust any security for the Guaranteed
               Obligations or any other indebtedness of the Borrower to the
               Agent or any Lender; or

        (c)    to pursue any other remedy in the Agent's or any such Lender's
               power whatsoever.

        2.6    Waiver of Certain Defenses. (a) Each Guarantor waives any defense
               arising by reason of any disability or other defense of the
               Borrower, or the cessation from any cause whatsoever of the
               liability of the Borrower, whether consensual or arising by
               operation of law or any bankruptcy, insolvency or debtor relief
               proceeding, or from any other cause, including any such defense
               or cessation of liability arising from or as a result of any
               claim of fraudulent transfer or preference, or any claim that
               such Guarantor's obligations exceed or are more burdensome than
               those of the Borrower. Each Guarantor waives any defense arising
               by reason of any statute of limitations affecting the liability
               of the Borrower. Each Guarantor waives all rights and defenses
               arising out of an election of remedies by the Agent or any
               Lender, even though that election of remedies, such as a
               nonjudicial foreclosure with respect to security for the
               Guaranteed Obligations, has destroyed such Guarantor's rights of
               subrogation and reimbursement against the Borrower by operation
               of Section 580d of the California Code of Civil Procedure (if
               applicable) or other applicable law, and all rights or defenses
               such Guarantor may have by reason of protection afforded to the
               Borrower with respect to the Guaranteed Obligations pursuant to
               the antideficiency laws or other laws of the State of California
               (or other applicable jurisdiction) limiting or discharging the
               Guaranteed Obligations. Each Guarantor waives any benefit of, and
               any right to participate in, any security or other guaranty now
               or hereafter held by the Agent or any Lender securing the
               Guaranteed Obligations.

        (b)    Until the indebtedness shall have been paid in full, even though
               the indebtedness is in excess of such Guarantor's liability
               hereunder, each Guarantor waives any right of subrogation,
               reimbursement, indemnification, and contribution (contractual,
               statutory, or otherwise) including, without limitation, any claim
               or right of subrogation under the Bankruptcy Code (Title 11,
               United States Code) or any successor statute, arising from the
               existence or performance of this Guaranty, and each Guarantor
               waives any right to enforce any remedy which Lender now has or
               may hereafter have against Borrower and waives any benefit of and
               any right to participate in any security now or hereafter held by
               Lender.

        (c)    Each Guarantor understands and acknowledges that if Lender
               forecloses, either by judicial foreclosure or by exercise of
               power of sale, any deed of trust securing the indebtedness, that
               foreclosure could impair or destroy any ability that such
               Guarantor may have to seek reimbursement, contribution, or
               indemnification from Borrower or others based on any right such
               Guarantor may have of subrogation, reimbursement, contribution,
               or indemnification for any amounts paid by such Guarantor under
               this Guaranty. Each Guarantor further understands and
               acknowledges that in the absence of this paragraph, such
               potential impairment or destruction of Guarantor's rights, if
               any, may entitle such Guarantor to assert a defense to this
               Guaranty based on Section

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               580d of the California Code of Civil Procedure as interpreted in
               Union Bank v. Gradsky, 265 Cal. App. 2d. 40 (1968). By executing
               this Guaranty, each Guarantor freely, irrevocably, and
               unconditionally: (i) waives and relinquishes that defense and
               agrees that such Guarantor will be fully liable under this
               Guaranty even though Lender may foreclose, either by judicial
               foreclosure or by exercise of power of sale, any deed of trust
               securing the indebtedness; (ii) agrees that such Guarantor will
               not assert that defense in any action or proceeding which Lender
               may commence to enforce this Guaranty; (iii) acknowledges and
               agrees that the rights and defenses waived by such Guarantor in
               this Guaranty include any right or defense that such Guarantor
               may have or be entitled to assert based upon or arising out of
               any one or more of Sections 580a, 580b, 580d, or 726 of the
               California Code of Civil Procedure or Section 2848 of the
               California Civil Code; and (iv) acknowledges and agrees that
               Lender is relying on this waiver in making the Loans and
               extending other financial accommodations giving rise to the
               obligations, and that this waiver is a material part of the
               consideration which Lender is receiving for creating the
               Guaranteed Obligations.

        (d)    Each Guarantor waives any rights and defenses that are or may
               become available to it by reason of Sections 2787 to 2855,
               inclusive, of the California Civil Code.

        (e)    Each Guarantor waives all rights and defenses that it may have
               because any of the indebtedness is secured by real property. This
               means, among other things: (i) Lender may collect from such
               Guarantor without first foreclosing on any real or personal
               property collateral pledged by Borrower; and (ii) if Lender
               forecloses on any real property collateral pledged by Borrower:
               (1) the amount of the indebtedness may be reduced only by the
               price for which that collateral is sold at the foreclosure sale,
               even if the collateral is worth more than the sale price, and (2)
               Lender may collect from such Guarantor even if Lender, by
               foreclosing on the real property collateral, has destroyed any
               right such Guarantor may have to collect from Borrower. This is
               an unconditional and irrevocable waiver of any rights and
               defenses that any Guarantor may have because any of the
               Guaranteed Obligations are secured by real property. These rights
               and defenses include, but are not limited to, any rights or
               defenses based upon Section 580a, 580b, 580d, or 726 of the
               California Code of Civil Procedure.

        (f)    Each Guarantor waives any right or defense it may have at law or
               equity, including California Code of Civil Procedure Section
               580a, to a fair market value hearing or action to determine a
               deficiency judgment after a foreclosure.

        (g)    No provision or waiver in this Guaranty shall be construed as
               limiting the generality of any other waiver contained in this
               Guaranty.

         2.7  Waiver of Presentments, Etc. Each Guarantor waives all
              presentments, demands for performance, notices of nonperformance,
              protests, notices of protest, notices of dishonor and notices of
              acceptance of this Guaranty and of the existence, creation, or
              incurring of new or additional Guaranteed Obligations or any other
              indebtedness of Borrower to the Agent or any Lender.

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        2.8    Information Relating to Borrower. Each Guarantor acknowledges and
               agrees that it shall have the sole responsibility for obtaining
               from the Borrower such information concerning the Borrower's
               financial condition or business operations as such Guarantor may
               require, and that neither the Agent nor any Lender has any duty
               at any time to disclose to any Guarantor any information relating
               to the business operations or financial condition of the
               Borrower.

        2.9    Right of Setoff. In addition to any rights and remedies of the
               Lenders provided by law, if any Guarantor has failed to make any
               payment due hereunder upon demand, each Lender is authorized at
               any time and from time to time, without prior notice to any
               Guarantor, any such notice being waived by the Guarantors to the
               fullest extent permitted by law, to set-off and apply any and all
               deposits (general or special, time or demand, provisional or
               final) at any time held and other indebtedness at any time owing
               by such Lender to or for the credit or the account of any
               Guarantor against any and all obligations of the Guarantors now
               or hereafter existing under this Guaranty or any other Loan
               Document, irrespective of whether or not the Agent or such Lender
               shall have made demand under this Guaranty or any other Loan
               Document and although such obligations may be contingent or
               unmatured. Each Lender agrees promptly to notify the Guarantors
               and the Agent after any such set-off and application made by such
               Lender; provided that the failure to give such notice shall not
               affect the validity of such set-off and application. The rights
               of each Lender under this Section 2.9 are in addition to the
               other rights and remedies (including, without limitation, other
               rights of set-off) which such Lender may have.

        2.10   Subordination. Any obligations of the Borrower to any Guarantor,
               now or hereafter existing, including, but not limited to,
               obligations to any Guarantor as subrogee of the Agent or any
               Lender or resulting from any Guarantor's performance under this
               Guaranty, are hereby fully subordinated in time and priority of
               payment to the Guaranteed Obligations and all other indebtedness
               of the Borrower to the Agent or any Lender. Such obligations of
               the Borrower to any Guarantor if the Lenders so request shall be
               enforced and performance received by such Guarantor as trustee
               for the Agent and the Lenders and the proceeds thereof shall be
               paid over to the Agent and the Lenders on account of the
               Guaranteed Obligations, but without reducing or affecting in any
               manner the liability of any Guarantor under the other provisions
               of this Guaranty.

        2.11   Reinstatement of Guaranty. If any payment or transfer of any
               interest in property by the Borrower to the Agent or any Lender
               in fulfillment of any Guaranteed Obligation is rescinded or must
               at any time (including after the return or cancellation of this
               Guaranty) be returned, in whole or in part, by the Agent or any
               Lender to the Borrower or any other Person, upon the insolvency,
               bankruptcy or reorganization of the Borrower or otherwise, this
               Guaranty shall be reinstated with respect to any such payment or
               transfer, regardless of any such prior return or cancellation.

        2.12   Powers. (a) It is not necessary for the Agent or any Lender to
               inquire into the powers of the Borrower or of the officers,
               directors, partners or agents acting or

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               purporting to act on its behalf, and any Guaranteed Obligations
               made or created in reliance upon the professed exercise of such
               powers shall be guaranteed hereunder.

        (b)    Each Guarantor authorizes Lender to verify or check any
               information given by such Guarantor to Lender, check Guarantor's
               credit references, verify employment, and obtain credit reports.

        2.13   Taxes. (a) Any and all payments by the Guarantors to each Lender
               or the Agent under this Guaranty shall be made free and clear of,
               and without deduction or withholding for, any Taxes. In addition,
               the Guarantors shall pay all Other Taxes.

        (b)    If the Guarantors shall be required by law to deduct or withhold
               any Taxes, Other Taxes or Further Taxes from or in respect of any
               sum payable hereunder to any Lender or the Agent, then:

        (i)    the sum payable shall be increased as necessary so that, after
               making all required deductions and withholdings (including
               deductions and withholdings applicable to additional sums payable
               under this Section), such Lender or the Agent, as the case may
               be, receives and retains an amount equal to the sum it would have
               received and retained had no such deductions or withholdings been
               made;

        (ii)   the Guarantors shall make such deductions and withholdings;

        (iii)  the Guarantors shall pay the full amount deducted or withheld to
               the relevant taxing authority or other authority in accordance
               with applicable law; and

        (iv)   the Guarantors shall also pay to each Lender or the Agent for the
               account of such Lender at the time interest is paid, Further
               Taxes in the amount that the respective Lender specifies as
               necessary to preserve the after-tax yield the Lender would have
               received if such Taxes, Other Taxes or Further Taxes had not been
               imposed.

        (c)    The Guarantors agree to indemnify and hold harmless each Lender
               and the Agent for the full amount of (i) Taxes, (ii) Other Taxes,
               and (iii) Further Taxes in the amount that the respective Lender
               specifies as necessary to preserve the after-tax yield the Lender
               would have received if such Taxes, Other Taxes or Further Taxes
               had not been imposed, and any liability (including penalties,
               interest, additions to tax and expenses) arising therefrom or
               with respect thereto, whether or not such Taxes, Other Taxes or
               Further Taxes were correctly or legally asserted. Payment under
               this indemnification shall be made within 30 days after the date
               the Lender or the Agent makes written demand therefor.

        (d)    Within 30 days after the date of any payment by the Guarantors of
               Taxes, Other Taxes or Further Taxes, the Guarantors shall furnish
               to each Lender or the Agent the original or a certified copy of a
               receipt evidencing payment thereof, or other evidence of payment
               satisfactory to such Lender or the Agent.

        (e)    For purposes of this Section, (i) "Taxes" means any and all
               present or future taxes, levies, assessments, imposts, duties,
               deductions, fees, withholdings or similar charges,

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               and all liabilities with respect thereto, excluding, in the case
               of each Lender and the Agent, respectively, taxes imposed on or
               measured by its net income by the jurisdiction (or any political
               subdivision thereof) under the laws of which such Lender or the
               Agent, as the case may be, is organized or maintains a lending
               office; (ii) "Other Taxes" means any present or future stamp,
               court or documentary taxes or any other excise or property taxes,
               charges or similar levies which arise from any payment made
               hereunder or from the execution, delivery, performance,
               enforcement or registration of, or otherwise with respect to,
               this Guaranty; and (iii) "Further Taxes" means any and all
               present or future taxes, levies, assessments, imposts, duties,
               deductions, fees, withholdings or similar charges (including,
               without limitation, net income taxes and franchise taxes), and
               all liabilities with respect thereto, imposed by any jurisdiction
               on account of amounts payable or paid pursuant to this Section.

        2.14   Waiver of Subrogation. Until the Guaranteed Obligations have been
               indefeasibly paid in full, each Guarantor waives any right of
               subrogation, reimbursement, indemnification and contribution
               (contractual, statutory or otherwise), including any claim or
               right of subrogation under the Bankruptcy Code or any successor
               statute, against the Borrower arising from the existence or
               performance of this Guaranty and each Guarantor waives any right
               to enforce any remedy which the Agent or any Lender now has or
               may hereafter have against the Borrower, and waives any benefit
               of, and any right to participate in, any security now or
               hereafter held by the Agent or any Lender secured the Guaranteed
               Obligations.

        3. Representations and Warranties. Each Guarantor represents and
warrants to the Agent and each Lender as follows:

        3.1    Corporate Existence and Power. Such Guarantor (a) is a
               corporation duly organized, validly existing and in good standing
               under the laws of the jurisdiction of their incorporation; (b)
               has the power and authority and all governmental licenses,
               authorizations, consents and approvals to own its assets, carry
               on their businesses and to execute, deliver, and perform its
               obligations under, this Guaranty and any other Loan Document to
               which they are a party; (c) is duly qualified as a foreign
               corporation, and licensed and in good standing, under the laws of
               each jurisdiction where its ownership, lease or operation of
               property or the conduct of their business requires such
               qualification or license; and (d) is in compliance with all
               Requirements of Law.

        3.2    Corporate Authorization; No Contravention. The execution,
               delivery and performance by such Guarantor of this Guaranty and
               any other Loan Document to which it is party, have been duly
               authorized by all necessary corporate action, and do not and will
               not (a) contravene the terms of such Guarantor's Organization
               Documents; (b) conflict with or result in any breach or
               contravention of, or the creation of any lien under, any document
               evidencing any contractual obligation to which such Guarantor is
               a party or any order, injunction, writ or decree of any
               Governmental Authority to which such Guarantor or its property
               are subject; or (c) violate any Requirement of Law.

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        3.3    Governmental Authorization. No approval, consent, exemption,
               authorization, or other action by, or notice to, or filing with,
               any Governmental Authority is necessary or required in connection
               with the execution, delivery or performance by, or enforcement
               against, such Guarantor of this Guaranty or any other Loan
               Document to which it is a party.

        3.4    Binding Effect. This Guaranty and each other Loan Document to
               which such Guarantor is a party constitute the legal, valid and
               binding obligations of such Guarantor, enforceable against such
               Guarantor in accordance with their respective terms, except as
               enforceability may be limited by applicable bankruptcy,
               insolvency, or similar laws affecting the enforcement of
               creditors' rights generally or by equitable principles relating
               to enforceability.

        3.5    Regulated Entities. Such Guarantor, any Person controlling any
               Guarantor or any Subsidiary of any Guarantor is not (a) an
               "Investment Borrower" within the meaning of the Investment
               Borrower Act of 1940; or (b) subject to regulation under the
               Public Utility Holding Company Act of 1935, the Federal Power
               Act, the Interstate Commerce Act, any state public utilities
               code, or any other Federal or state statute or regulation
               limiting its ability to incur or guarantee indebtedness.

        4. Miscellaneous

        4.1    Application of Payments on Guaranty. All payments required to be
               made by the Guarantors hereunder shall, unless otherwise
               expressly provided herein, be made to the Agent for the account
               of the Lenders at the Agent's Payment Office. The Agent will
               promptly distribute to each Lender its Pro Rata Share (or other
               applicable share as expressly provided herein) of such payment in
               like funds as received. Payments received from the Guarantors
               shall, unless otherwise expressly provided herein, be applied to
               costs, fees, or other expenses due under the Loan Documents, any
               interest (including interest due under subsection 2.07 of the
               Credit Agreement, any principal due under the Loan Documents and
               any other Guaranteed Obligations, in such order as the Agent,
               with the consent of or at the request of the Lenders, shall
               determine.

        4.2    Assignments, Participations, Confidentiality. Any Lender may from
               time to time, without notice to the Guarantors and without
               affecting any Guarantor's obligations hereunder, transfer its
               interest in the Guaranteed Obligations to Participants and
               Assignees as provided in the Credit Agreement. The Guarantors
               agree that each such transfer will give rise to a direct
               obligation of the Guarantors to each such Participant and
               Assignee and that each such Participant and Assignee shall have
               the same rights and benefits under this Guaranty as it would have
               if it were a Lender party to the Credit Agreement and this
               Guaranty. Each Guarantor agrees that a Lender may disclose to any
               assignee or purchaser, or any prospective assignee or purchaser,
               of all or part of the Guaranteed Obligations, any and all
               information in such Lender's possession concerning such
               Guarantor, this Guaranty, and any security for this Guaranty. The
               Guarantors, the Agent and each Lender agree that the provisions
               of Section 10.17 of the Credit Agreement shall apply to all
               information identified as "confidential" or "secret" by the
               Guarantors and provided to the Agent or such

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               Lender by the Guarantors or any Subsidiary of any Guarantor under
               this Guaranty or any other Loan Document to which the Guarantors
               are a party.

        4.3    Loan Document. This Guaranty is a Loan Document executed and
               delivered pursuant to the Credit Agreement and shall (unless
               otherwise expressly indicated herein) be construed, administered
               and applied in accordance with the terms and provisions thereof.
               Without limiting the generality of the foregoing, the provisions
               of Sections 1.02 and 1.03 of the Credit Agreement shall apply to
               the interpretation and administration of this Guaranty as if such
               provisions were incorporated herein, with all references to the
               "Agreement" in such Sections being deemed to be references to
               this Guaranty.

        4.4    Addition of Guarantors. Any Person which executes and delivers to
               the Agent a joinder letter in the form attached hereto as
               "Exhibit 1" shall, without further action on the part of any
               Person, automatically become a party hereto as a Guarantor with
               respect to the repayment and performance of the Guaranteed
               Obligations and shall be fully obligated as a Guarantor
               hereunder.

        4.5    Waivers; Writing Required. No delay or omission by the Agent or
               any Lender to exercise any right under this Guaranty shall impair
               any such right, nor shall it be construed to be a waiver thereof.
               No waiver of any single breach or default under this Guaranty
               shall be deemed a waiver of any other breach or default. Any
               amendment or waiver of any provision of this Guaranty must be in
               writing and signed by the Guarantors and the Agent, with the
               written consent of all of the Lenders, in accordance with the
               terms of Section 10.01 of the Credit Agreement.

        4.6    Remedies. All rights and remedies provided in this Guaranty and
               any instrument or agreement referred to herein are cumulative and
               are not exclusive of any rights or remedies otherwise provided by
               law. Any single or partial exercise of any right or remedy shall
               not preclude the further exercise thereof or the exercise of any
               other right or remedy.

        4.7    Costs and Expenses. The Guarantors, jointly and severally, agree
               to pay or reimburse the Agent and each Lender within five
               Business Days after demand for all costs and expenses, including
               Attorney Costs (including allocated costs of Lender's in-house
               counsel) incurred by them in connection with the enforcement,
               attempted enforcement, or preservation of any rights or remedies
               under this Guaranty (including in connection with any "workout"
               or restructuring regarding amounts due under this Guaranty, and
               including in any Insolvency Proceeding or appellate proceeding).

        4.8    Severability. The illegality or unenforceability of any provision
               of this Guaranty or any instrument or agreement referred to
               herein shall not in any way affect or impair the legality or
               enforceability of the remaining provisions of this Guaranty or
               any instrument or agreement referred to herein.

        4.9    Revocation. Each Guarantor absolutely, unconditionally,
               knowingly, and expressly waives any right to revoke this Guaranty
               as to future Guaranteed Obligations and, in

<PAGE>   12

               light thereof, all protection afforded such Guarantor under
               Section 2815 of the California Civil Code. Each Guarantor fully
               realizes and understands that, upon execution of this agreement,
               such Guarantor will not have any right to revoke this Guaranty as
               to any future Guaranteed Obligations and, thus, may have no
               control over such Guarantor's ultimate responsibility for the
               Guaranteed Obligations. If, contrary to the express intent of
               this agreement, any such revocation is effective notwithstanding
               the foregoing waiver, Guarantors acknowledge and agree that: (a)
               no such revocation shall be effective until written notice
               thereof has been received by Lenders and Agent; (b) no such
               revocation shall apply to any Guaranteed Obligations in existence
               on such date (including any subsequent continuation, extension,
               or renewal thereof, or change in the interest rate, payment
               terms, or other terms and conditions thereof); (c) no such
               revocation shall apply to any Guaranteed Obligations made or
               created after such date to the extent made or created pursuant to
               a legally binding commitment of Lenders and Agent which is, or is
               believed in good faith by Lenders and Agent to be, in existence
               on the date of such revocation; (d) no payment by any other
               Guarantor or Borrower, or from any other source, prior to the
               date of such revocation shall reduce the obligations of such
               Guarantor hereunder; and (e) any payment by Borrower or from any
               source other than such Guarantor, subsequent to the date of such
               revocation, shall first be applied to that portion of the
               obligations, if any, as to which the revocation by such Guarantor
               is effective (and which are not, therefore, guarantied by such
               Guarantor hereunder), and, to the extent so applied, shall not
               reduce the obligations of such Guarantor hereunder.

        4.10   Notices. All notices or demands by any Guarantor or Agent or
               Lenders to the other relating to this Guaranty shall be in
               writing and either personally served or sent by registered or
               certified mail, postage prepaid, return receipt requested, or by
               prepaid telex, telefacsimile, or telegram, and shall be deemed to
               be given for purposes of this Guaranty on the day that such
               writing is received by the party to whom it is sent. Unless
               otherwise specified in a notice sent or delivered in accordance
               with the provisions of this clause such writing shall be sent to
               such Guarantor, Agent or Lenders, as applicable, at its address
               for notices set forth on the signature page hereof or as may
               otherwise be specified from time to time in a writing sent by one
               party to the other in accordance with the provisions of this
               Section.

        4.11   WAIVER OF JURY TRIAL. GUARANTORS, LENDERS, AND AGENT EACH WAIVE
               THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE
               OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
               GUARANTY, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS
               CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR
               OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES
               AGAINST ANY OTHER PARTY OR PARTIES, WHETHER WITH RESPECT TO
               CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. GUARANTORS, LENDERS,
               AND THE AGENT EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION
               SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING
               THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE
               RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION
               AS TO ANY

<PAGE>   13

               ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR
               IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS
               GUARANTY OR THE OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR
               THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
               RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS GUARANTY AND THE
               OTHER LOAN DOCUMENTS.

        4.12   GOVERNING LAW. THIS AGREEMENT, AND THE CONSTRUCTION,
               INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS OF
               GUARANTOR AND LENDERS AND AGENT HERETO AND HEREUNDER SHALL BE
               DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH
               THE INTERNAL LAWS OF THE STATE OF CALIFORNIA.

        4.13   JURISDICTION AND VENUE. EACH GUARANTOR AGREES THAT ALL ACTIONS OR
               PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT SHALL BE
               TRIED AND LITIGATED IN THE COURTS OF THE STATE OF THE STATE OF
               CALIFORNIA OR OF THE UNITED STATES FOR THE NORTHERN OR CENTRAL
               DISTRICTS OF CALIFORNIA. EACH GUARANTOR STIPULATES THAT THE STATE
               AND FEDERAL COURTS LOCATED IN THE CITY AND COUNTY OF SAN
               FRANCISCO OR THE CITY OF LOS ANGELES, STATE OF CALIFORNIA SHALL
               HAVE IN PERSONAM JURISDICTION AND VENUE OVER GUARANTORS FOR
               PURPOSES OF LITIGATING ANY SUCH DISPUTE, CONTROVERSY, OR
               PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR ANY OF
               THE OTHER CREDIT DOCUMENTS. SERVICE OF PROCESS SUFFICIENT FOR
               PERSONAL JURISDICTION IN ANY ACTION AGAINST ANY GUARANTOR MAY BE
               MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED,
               TO SUCH GUARANTOR'S ADDRESS FOR NOTICES SPECIFIED IN ACCORDANCE
               WITH THE TERMS HEREOF. EACH GUARANTOR AGREES THAT ANY FINAL
               JUDGMENT RENDERED AGAINST SUCH GUARANTOR IN ANY ACTION OR
               PROCEEDING SHALL BE CONCLUSIVE AS TO THE SUBJECT OF SUCH FINAL
               JUDGMENT AND MAY BE ENFORCED IN OTHER JURISDICTIONS IN ANY MANNER
               PROVIDED BY LAW. EACH GUARANTOR ABSOLUTELY, UNCONDITIONALLY,
               KNOWINGLY, AND EXPRESSLY WAIVES ANY RIGHT SUCH GUARANTOR MAY HAVE
               TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO
               VENUE TO THE EXTENT ANY ACTION OR PROCEEDING IS BROUGHT IN
               ACCORDANCE WITH THIS SECTION.

        4.14   Entire Agreement. This Guaranty (a) integrates all the terms and
               conditions mentioned herein or incidental hereto, (b) supersedes
               all oral negotiations and prior writings with respect to the
               subject matter hereof, and (c) is intended by the parties as the
               final expression of the agreement with respect to the terms and
               conditions set

<PAGE>   14

               forth in this Guaranty and any such instrument, agreement and
               document and as the complete and exclusive statement of the terms
               agreed to by the parties.

        IN WITNESS WHEREOF, each Guarantor has executed this Guaranty by its
duly authorized officers as of the day and year first above written.

                                    CENTRAL CHECK CASHING, INC.,
                                    a California corporation

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Howard Weitzman
                                    Title: Chief Financial Officer

                                    Notice Information:

                                    Attn:  Gary Cypres
                                    5480 East Ferguson Drive
                                    Commerce, CA 90022
                                    Tel:  323.720.8724
                                    Fax:  323.720.5242

<PAGE>   15

                                    CENTRAL CONSUMER COMPANY OF NEVADA,
                                    a Nevada corporation

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Howard Weitzman
                                    Title:  Chief Financial Officer

                                    Notice Information:

                                    Attn:  Gary Cypres
                                    5480 East Ferguson Drive
                                    Commerce, CA 90022
                                    Tel:  323.720.8724
                                    Fax:  323.720.5242

Notice Information for
  Agent and Lenders:

Union Bank of California, N.A., as Agent

Attn:  Robert C. Nagel
350 California Street, 6th Floor
San Francisco, CA 94104
Tel:  415.705.7189
Fax: 415.705.7037

<PAGE>   16

                                    EXHIBIT 1
                           [Guarantor Joinder Letter]

                              _______________, ____

To the Agent
Referenced below:

                Re: Central Consumer Finance Company

Ladies and Gentlemen:

        Reference is made to that certain Credit Agreement, dated as of August
11, 2000 (as amended, the "Credit Agreement"), among Central Consumer Finance
Company, a Delaware corporation ("Borrower"), certain financial institutions
party thereto (the "Lenders"), and Union Bank of California, N.A., as agent for
the Lenders (in such capacity the "Agent"). Unless specifically defined herein,
capitalized terms used herein have the meaning set forth in the Credit
Agreement.

        The undersigned hereby confirms and agrees that (a) it has been
furnished with a copy of and has read the Credit Agreement, the Schedules and
Exhibits thereto, the Guaranty, and the other Loan Documents and understands the
effect thereof, and (b) effective as of the date hereof, the undersigned is
obligated as, assumes all obligations of, a Guarantor under the Guaranty. The
undersigned hereby warrants and represents to you that the representations,
warranties, undertakings, and waivers of the undersigned as a Guarantor under
the Guaranty, are true, correct, complete, and effective as to the undersigned.

                                    Very truly yours,

                                    [NAME OF GUARANTOR],
                                    a [_________________]

                                    By _________________________________
                                    Name: ______________________________
                                    Title: _____________________________

Notice Information.<PAGE>   1

                                  EXHIBIT 10.14

                               SECURITY AGREEMENT

<PAGE>   2

        This SECURITY AGREEMENT, dated as of August 11, 2000 (this "Agreement"),
is made among CENTRAL CONSUMER FINANCE COMPANY, a Delaware corporation,
("Borrower"), CENTRAL CHECK CASHING, INC., a California corporation ("CCCI"),
and CENTRAL CONSUMER COMPANY OF NEVADA, a Nevada corporation ("CCCN"),
(Borrower, CCCI and CCCN are each a "Grantor" and collectively and severally
"Grantors") and UNION BANK OF CALIFORNIA, N.A., as agent (in such capacity, and
together with its successors, the "Agent") for the Lenders (as hereafter
defined) under that certain Credit Agreement, dated as of August 11, 2000 (as
amended, restated, modified, renewed, supplemented or extended from time to
time, the "Credit Agreement"), among the Borrowers, and the lenders party
thereto (collectively, "Lenders" and individually, a "Lender"), and the Agent.

        The parties hereto agree as follows:

        25.    Definitions; Interpretation.

        (a)    Terms Defined in Credit Agreement. All capitalized terms used in
               this Agreement and not otherwise defined herein have the meanings
               specified in the Credit Agreement.

        (b)    Certain Defined Terms. As used in this Agreement, the following
               terms have the following meanings:

                "Accounts" means any and all accounts of any or all Grantors,
whether now existing or hereafter acquired or arising, and in any event includes
all accounts receivable, contract rights, rights to payment, and other
obligations of any kind owed to any or all Grantors arising out of or in
connection with the sale or lease of merchandise, goods, or commodities or the
rendering of services or arising from any other transaction, however evidenced,
and whether or not earned by performance, all guaranties, indemnities, and
security with respect to the foregoing, and all letters of credit relating
thereto, in each case whether now existing or hereafter acquired or arising.

                "Assigned Benefits" means all of any Grantor's right, title and
interest in and to: (i) all payments and/or distributions of revenue, income,
profits, property and other sums now or hereafter due from any other Grantor in
respect of any Equity Interest in such other Grantor; (ii) all other monies owed
and payable to any Grantor by any other Grantor, whether owed in connection with
loans, management agreements, marketing agreements, other contracts, or
otherwise, each in effect as of the Closing Date or any amendments thereto
permitted under the Credit Agreement; (iii) the right of any Grantor to receive
any of the foregoing; and (iv) all Proceeds of the foregoing.

                "Books" means all books, records and other written, electronic
or other documentation in whatever form maintained now or hereafter by or for
any or all Grantors in connection with the ownership of their assets or the
conduct of their business or evidencing or containing information relating to
the Collateral, including: (i) ledgers; (ii) records indicating, summarizing, or
evidencing Grantors' assets (including Inventory and Rights to Payment),

<PAGE>   3

business operations, or financial condition; (iii) computer programs and
software; (iv) computer discs, tapes, files, manuals, and spreadsheets; (v)
computer printouts and output of whatever kind; (vi) any other computer prepared
or electronically stored, collected, or reported information and equipment of
any kind; and (vii) any and all other rights now or hereafter arising out of any
contract or agreement between any or all Grantors and any service bureau,
computer, or data processing company or other Person charged with preparing or
maintaining any of any or all Grantors' books or records or with credit
reporting, including with regard to any or all Grantors' Accounts, Consumer
Contracts, or other Rights to Payment.

                "Chattel Paper" means all writings of whatever sort which
evidence a monetary obligation and a security interest in or lease of specific
goods, whether now existing or hereafter arising.

                "Collateral" has the meaning specified in Section 2.

                "Consumer Contracts" has the meaning set forth in the Credit
Agreement.

                "Copyright Security Agreement" means the Copyright Security
Agreement executed and delivered by Grantors in favor of Agent, substantially in
the form of Exhibit "A" hereto, as the same may be amended from time to time.

                "Deposit Account" means any demand, time, savings, passbook or
like account now or hereafter maintained by or for the benefit of any or all
Grantors with a bank, savings and loan association, credit union or like
organization (including Agent)) and all funds and amounts therein, whether or
not restricted or designated for a particular purpose.

                "Documents" means any and all documents of title, bills of
lading, dock warrants, dock receipts, warehouse receipts and other documents of
any or all Grantors, whether or not negotiable, and includes all other documents
which purport to be issued by a bailee or agent and purport to cover goods in
any bailee's or agent's possession which are either identified or are fungible
portions of an identified mass, including such documents of title made available
to any or all Grantors for the purpose of ultimate sale or exchange of goods or
for the purpose of loading, unloading, storing, shipping, transshipping,
manufacturing, processing, or otherwise dealing with goods in a manner
preliminary to their sale or exchange, in each case whether now existing or
hereafter acquired or arising.

                "Equipment" means all now existing or hereafter acquired
equipment of any or all Grantors in all of its forms, wherever located (other
than certificated motor vehicles, registered aircraft, and documented or
certificated vessels), and in any event includes any and all machinery,
furniture, equipment, furnishings, and fixtures in which any or all Grantors now
or hereafter acquire any right, and all other goods and tangible personal
property (other than Inventory), including tools, parts and supplies,
automobiles, trucks, tractors and other vehicles, computer and other electronic
data processing equipment, and other office equipment, computer programs, and
related data processing software, and all additions, substitutions,
replacements, parts, accessories, and accessions to and for the foregoing, now
owned or hereafter acquired, and including any of the foregoing which are or are
to become fixtures on real property.

<PAGE>   4

                "Equity Interest" means (a) with respect to any corporation, a
capital interest therein, including, without limitation, any interest therein
which entitles the holder thereof to share in the revenue, income, earnings or
losses thereof or to vote or otherwise participate in any election of one or
more directors thereof, (b) with respect to any general partnership, limited
partnership or limited liability partnership, a partnership interest therein,
including, without limitation, any interest therein which entitles the holder
thereof to share in the revenue, income, earnings or losses thereof or to vote
or otherwise participate in any election of one or more members of the managing
body thereof (c) with respect to any limited liability company, a membership
interest therein, including without limitation, any interest therein which
entitles the holder thereof to share in the revenue, income earnings or losses
thereof to share in the revenue, income, earnings or losses thereof or to vote
or otherwise participate in any election of one or more members of the managing
body thereof, (d) with respect to any trust, a beneficial interest therein,
including, without limitation, any interest therein which entitles the holder
thereof to share in the corpus of such trust or in any of the revenue income,
earnings or losses thereof or to vote or otherwise participate in any
designation of one or more trustees thereof, (e) with respect to any other
Person that is a business entity, an equity interest therein, including, without
limitation, any interest therein which entitles the holder thereof to share in
the revenue, income, earnings or losses thereof or to vote or otherwise
participate in the election of one or more members of the managing body thereof,
and (f) all warrants and options in respect of any of the foregoing and all
other securities which are convertible or exchangeable therefor.

                "Financing Statements" has the meaning specified in Section 3.

                "General Intangibles" means all general intangibles of any or
all Grantors, now existing or hereafter acquired or arising, and in any event
includes: (i) all tax and other refunds, rebates or credits of every kind and
nature to which any or all Grantors are now or hereafter may become entitled;
(ii) all goodwill, choses in action and causes of action, whether legal or
equitable, whether in contract or tort and however arising; (iii) all
Intellectual Property Collateral; (iv) all uncertificated securities and
interests in limited and general partnerships; (v) all rights of stoppage in
transit, replevin and reclamation; (vi) all licenses, permits, consents,
indulgences and rights of whatever kind issued in favor of or otherwise
recognized as belonging to any or all Grantors by any Governmental Authority;
and (vii) all indemnity agreements, guaranties, insurance policies and other
contractual, equitable and legal rights of whatever kind or nature; in each case
whether now existing or hereafter acquired or arising; provided, that the term
"General Intangibles" shall not include Equity Interests.

                "Governmental Authority" means any nation or government, any
state or other political subdivision thereof, any central bank (or similar
monetary or regulatory authority) thereof, any entity exercising executive,
legislative, judicial, regulatory, or administrative functions of or pertaining
to government, and any corporation or other entity owned or controlled, through
stock or capital ownership or otherwise, by any of the foregoing.

                "Grantor" and "Grantors" means the Grantors named in the
introduction to this Agreement and any party executing and delivering a Guaranty
Joinder Letter to the Agent pursuant to Section 4.4 of the Guaranty.

<PAGE>   5

                "Instruments" means any and all negotiable instruments,
certificated securities (including those representing an Equity Interest), and
every other writing which evidences a right to the payment of money, in each
case whether now existing or hereafter acquired (including the stock in any
Subsidiary of any Grantor which is hereafter acquired by such Grantor), all of
such which is now existing being as described in Schedule 2.

                "Intellectual Property Collateral" means the following
properties and assets owned or held by any or all Grantors or in which any or
all Grantors otherwise have any interest, now existing or hereafter acquired or
arising:

        (i)    all patents and patent applications, domestic or foreign, all
               licenses relating to any of the foregoing, and all income and
               royalties with respect to any licenses (including such patents,
               patent applications, and patent licenses as described in Schedule
               1), all rights to sue for past, present or future infringement
               thereof, all rights arising therefrom and pertaining thereto and
               all reissues, divisions, continuations, renewals, extensions, and
               continuations-in-part thereof (collectively, the "Patents");

        (ii)   all copyrights and applications for copyright, domestic or
               foreign, together with the underlying works of authorship
               (including titles), whether or not the underlying works of
               authorship have been published and whether said copyrights are
               statutory or arise under the common law, and all other rights and
               works of authorship, all rights, claims, and demands in any way
               relating to any such copyrights or works, including royalties and
               rights to sue for past, present, or future infringement, and all
               rights of renewal and extension of copyright (collectively, the
               "Copyrights");

        (iii)  all state (including common law), federal and foreign trademarks,
               service marks, and trade names, and applications for registration
               of such trademarks, service marks and trade names, all licenses
               relating to any of the foregoing and all income and royalties
               with respect to any licenses (including such marks, names,
               applications and licenses as described in Schedule 1), whether
               registered or unregistered and wherever registered, all rights to
               sue for past, present, or future infringement or unconsented use
               thereof, all rights arising therefrom and pertaining thereto and
               all reissues, extensions and renewals thereof (collectively, the
               "Trademarks");

        (iv)   all trade secrets, confidential information, customer lists,
               license rights, advertising materials, operating manuals,
               methods, processes, know-how, sales literature, drawings,
               specifications, blue prints, descriptions, inventions, name
               plates, and catalogs; and

        (v)    the entire goodwill of or associated with the businesses now or
               hereafter conducted by any or all Grantors connected with and
               symbolized by any of the aforementioned properties and assets.

                "Inventory" means any and all of any or all Grantors' inventory
in all of its forms, wherever located, whether now owned or hereafter acquired,
and in any event includes all goods (including goods in transit) which are held
for sale, lease, or other disposition, including those

<PAGE>   6

held for display or demonstration or out on lease, or consignment or to be
furnished under a contract of service, or which are raw materials, work in
process, finished goods, or materials used or consumed in any or all Grantors'
business, and the resulting product or mass, and all repossessed, returned,
rejected, reclaimed, and replevied goods, together with all parts, components,
supplies, packing, and other materials used or usable in connection with the
manufacture, production, packing, shipping, advertising, selling, or furnishing
of such goods; and all other items hereafter acquired by any or all Grantors by
way of substitution, replacement, return, repossession, or otherwise, and all
additions and accessions thereto, and any Document representing or relating to
any of the foregoing at any time.

                "Investment Property" means (i) a security, whether certificated
or uncertificated, (ii) a security entitlement, (iii) a securities account, (iv)
a commodities contract, (v) any other investment property (as defined in the
UCC), (vi) all rights to delivery of any security, commodity contract, or other
financial asset and all other entitlements with respect thereto, and (vii) all
claims, demands and causes of action (whether arising under state or federal
securities laws or otherwise) relating to the offering, purchase, sale, or
holding of any of the foregoing.

                "Lender Party" means, as the context may require, any Lender or
the Agent and each of their respective successors, transferees, and assigns.

                "Patent Security Agreement" means the Patent Security Agreement
executed and delivered by Grantors in favor of the Agent, substantially in the
form of Exhibit "B" hereto, as the same may be amended from time to time.

                "Payment Account" means a bank account maintained with Agent or
other depositary acceptable to Agent and to which the proceeds of Accounts,
Consumer Contracts, or other Rights to Payment are deposited or credited, and
which is maintained in the name of Agent or Borrower, as Agent may determine, on
terms acceptable to the Agent and in which Agent has a first priority, perfected
security interest.

                "Proceeds" means whatever is receivable or received from or upon
the sale, lease, license, collection, use, exchange, or other disposition,
whether voluntary or involuntary, of any Collateral or other assets of any or
all Grantors, including "proceeds" as defined at UCC Section 9306, any and all
proceeds of any insurance, indemnity, warranty, or guaranty payable to or for
the account of any or all Grantors from time to time with respect to any of the
Collateral, any and all payments (in any form whatsoever) made or due and
payable to any or all Grantors from time to time in connection with any
requisition, confiscation, condemnation, seizure, or forfeiture of all or any
part of the Collateral by any Governmental Authority (or any Person acting under
color of Governmental Authority), any and all other amounts from time to time
paid or payable under or in connection with any of the Collateral or for or on
account of any damage or injury to or conversion of any Collateral by any
Person, any and all other tangible or intangible property received upon the sale
or disposition of Collateral, and all proceeds of proceeds.

                "Rights to Payment" means all Accounts, all Consumer Contracts,
and any and all rights and claims to the payment or receipt of money or other
forms of consideration of any kind in, to and under all Chattel Paper,
Documents, General Intangibles, Instruments, and Proceeds.

<PAGE>   7

                "Secured Obligations" means (a) the "Obligations" as defined in
the Credit Agreement and includes all obligations, liabilities and indebtedness
of every kind and character, whether now existing or hereafter arising, whether
absolute or contingent, and whether direct or indirect, arising directly or
indirectly under or pursuant to any one or more of the Loan Documents, whether
for principal, interest (including, without limitation, interest that, but for
the filing of a petition in bankruptcy, would accrue on such obligations,
liabilities or indebtedness), fees (including, without limitation, reasonable
attorneys' fees of outside counsel and the reasonable allocated fees of internal
counsel) or expenses, (b) all obligations, liabilities and indebtedness of
Borrower to Union Bank of California, N.A. of every kind and character, whether
now existing or hereafter arising, whether absolute or contingent, and whether
direct or indirect, arising directly or indirectly under or pursuant to any and
all transactions, agreements or documents now existing or hereafter entered
into, which provides for an interest rate, credit, commodity or equity swap,
cap, floor, collar, forward foreign exchange transaction, currency swap, cross
currency rate swap, currency option, or any combination of, or option with
respect to, these or similar transactions, for the purpose of hedging Borrower's
exposure to fluctuations in interest or exchange rates, loan, credit exchange,
security or currency valuations or commodity prices, whether for principal,
interest (including, without limitation, interest that, but for the filing of a
petition in bankruptcy, would accrue on such obligations, liabilities or
indebtedness), fees (including, without limitation, reasonable attorneys' fees
of outside counsel and the reasonable allocated fees of internal counsel) or
expenses, and (c) all obligations, liabilities and indebtedness of Borrower to
Union Bank of California, N.A. of every kind and character, whether now existing
or hereafter arising, whether absolute or contingent, and whether direct or
indirect, arising directly or indirectly under or pursuant to any cash
management or related services including the automatic clearing house transfer
of funds by the Bank for the account of Borrower pursuant to agreement or
overdrafts, whether for principal, interest (including, without limitation,
interest that, but for the filing of a petition in bankruptcy, would accrue on
such obligations, liabilities or indebtedness), fees (including, without
limitation, reasonable attorneys' fees of outside counsel and the reasonable
allocated fees of internal counsel) or expenses.

                "Trademark Security Agreement" means the Trademark Security
Agreement executed and delivered by Grantors in favor of the Agent,
substantially in the form of Exhibit "C" attached hereto, as the same be amended
from time to time.

                "UCC" means the Uniform Commercial Code as the same may, from
time to time, be in effect in the State of California; provided in the event
that, by reason of mandatory provisions of law, any or all of the attachment,
perfection or priority of the security interest in any Collateral is governed by
the Uniform Commercial Code as in effect in a jurisdiction other than the State
of California, the term "UCC" shall mean the Uniform Commercial Code as in
effect in such other jurisdiction for purposes of the provisions hereof relating
to such attachment, perfection or priority and for purposes of definitions
related to such provisions.

        (c)    Certain Rules of Construction. For purposes of this Agreement and
               unless otherwise specified herein:

<PAGE>   8

        (i)    Computation of Time Periods. For purposes of computing periods of
               time: (A) the word "from" means "from and including" and the
               words "to" and "until" each mean "to but excluding"; and (B)
               periods measured in days shall be measured in calendar days.

        (ii)   Construction. References to the plural include the singular and
               to the singular include the plural, references to any gender
               include any other gender, the part includes the whole, the term
               "including" is not limiting, and the term "or" has, except where
               otherwise indicated, the inclusive meaning represented by the
               phrase "and/or." References in this Agreement to any
               determination by the Agent include good faith estimates (in the
               case of quantitative determinations) by and good faith beliefs
               (in the case of qualitative determinations) of the Agent. The
               words "hereof," "herein," "hereby," and "hereunder," and any
               other similar words, refer to this Agreement as a whole and not
               to any particular provision of this Agreement. Article, section,
               subsection, clause, exhibit, and schedule references are to this
               Agreement. Any reference to this Agreement or any other Loan
               Document includes all permitted alterations, amendments, changes,
               extensions, modifications, renewals, or supplements thereto or
               thereof, as applicable.

        (iii)  Exhibits and Schedules. All of the exhibits and schedules
               attached are incorporated herein by this reference.

        (iv)   Terms Defined in the UCC. All terms used herein which are not
               otherwise specifically defined (including the term "good faith")
               shall have the meaning set forth in the UCC if defined therein.

        (v)    No Presumption Against Any Party. Neither this Agreement nor any
               other Loan Document nor any uncertainty or ambiguity herein or
               therein shall be construed or resolved using any presumption
               against any party hereto or thereto, whether under any rule of
               construction or otherwise. On the contrary, this Agreement and
               the other Loan Documents have been reviewed by each of the
               parties and their counsel and, in the case of any ambiguity or
               uncertainty, shall be construed and interpreted according to the
               ordinary meaning of the words used so as to fairly accomplish the
               purposes and intentions of all parties.

        (vi)   Independence of Provisions. All agreements and covenants
               hereunder and under the other Loan Documents shall be given
               independent effect such that if a particular action or condition
               is prohibited by the terms of any such agreement or covenant, the
               fact that such action or condition would be permitted within the
               limitations of another agreement or covenant shall not be
               construed as allowing such action to be taken or condition to
               exist.

        26. Security Interest.

        (a)    Grant of Security Interest. As security for the payment and
               performance of the Secured Obligations, Grantors hereby pledge,
               assign, transfer, hypothecate, and set

<PAGE>   9

                over to the Agent for its benefit and for the ratable benefit of
                the other Lender Parties, and hereby grant to the Agent for its
                benefit and for the ratable benefit of the other Lender Parties,
                a security interest in, all of any or all Grantors' right,
                title, and interest in, to, and under the following property,
                wherever located and whether now existing or owned or hereafter
                acquired or arising (collectively, the "Collateral"): (i) all
                Accounts, Consumer Contracts, and other Rights to Payment; (ii)
                all Chattel Paper; (iii) all Deposit Accounts; (iv) all
                Documents; (v) all Equipment; (vi) all General Intangibles;
                (vii) all Investment Property; (viii) all Instruments; (ix) all
                Inventory; (x) all Intellectual Property Collateral; (xi) all
                Books; (xii) all of any Grantor's rights with respect to the
                Assigned Benefits and the right to receive the Assigned
                Benefits, whether now existing or hereafter arising, including
                any Equity Interest in any Guarantor, and (xiii) the all
                products and Proceeds of any and all of the foregoing.

        (b)    Grantors Remain Liable. Anything herein to the contrary
               notwithstanding, prior to a foreclosure or other action which
               results in none of Grantors maintaining any title or interest in
               such Collateral and subject to the terms of this Agreement, (i)
               Grantors shall remain liable under any contracts, agreements, and
               other documents included in the Collateral, to the extent set
               forth therein, to perform all of their respective (or joint and
               several) duties and obligations thereunder to the same extent as
               if this Agreement had not been executed, (ii) the exercise by the
               Agent of any of the rights hereunder shall not release Grantors
               from any of their respective (or joint and several) duties or
               obligations under such contracts, agreements, and other documents
               included in the Collateral, and (iii) neither the Agent nor any
               other Lender Party shall have any obligation or liability under
               any contracts, agreements, and other documents included in the
               Collateral by reason of this Agreement, nor shall the Agent or
               any other Lender Party be obligated to perform any of the
               obligations or duties of any or all Grantors thereunder or to
               take any action to collect or enforce any such contract,
               agreement, or other document included in the Collateral
               hereunder.

        (c)    Continuing Security Interest. Grantors agree that this Agreement
               shall create a continuing security interest in the Collateral
               which shall remain in effect until terminated in accordance with
               Section 22.

        (d)    Intellectual Property. Contemporaneously with the execution and
               delivery of this Agreement, and in furtherance of the pledging,
               assignment, transfer, hypothecation, set over, and grant by
               Grantors to the Agent of a security interest in the Collateral,
               Grantors shall execute and deliver the Copyright Security
               Agreement, the Patent Security Agreement, and the Trademark
               Security Agreement to the Agent.

        (e)    Payment of Assigned Benefits; Voting and Other Rights. So long as
               no Event of Default is continuing, Grantors may receive the
               Assigned Benefits and may exercise any voting and other rights to
               which each is entitled as the holder of an Equity Interest in any
               other Grantor; provided that no vote shall be cast or any
               consent, waiver, or ratification given or any action taken which
               would violate the terms of this Agreement, the other Loan
               Documents, or any other instrument or agreement referred

<PAGE>   10

               to therein or herein. During the continuance of an Event of
               Default, the provisions of Section 10 hereof shall apply.

        (f)    Grantors to Cooperate. Grantors each hereby covenant and agree
               that it shall take any and all actions within its power to cause
               all other Grantors in which it holds an Equity Interest to comply
               with all terms and conditions of this Agreement, and shall, as
               the holder of an Equity Interest in such other Grantors, execute
               all checks, documents, agreements, and instruments of assignments
               as the Agent may reasonably require to effectuate the terms of
               this Agreement, and deliver all sums and other property required
               to be paid and/or delivered to the Agent under the terms of this
               Agreement.

        (g)    Affected Foreign Shares. Agent acknowledges that Borrower, as a
               Grantor, may deliver to Agent stock certificates, together with
               undated stock powers, representing less than 66-2/3%, but not
               less than 66%, of the outstanding shares of stock of the Excluded
               Subsidiaries (as defined in the Credit Agreement); all
               outstanding shares of the Excluded Subsidiaries being referred to
               herein as the "Affected Foreign Shares"). Because the intent of
               Borrower and Agent is to grant a security interest in a
               percentage of the Affected Foreign Shares equal to the maximum
               percentage of the Affected Foreign Shares that can be pledged to
               Agent by Borrower without constituting an investment of earnings
               in U.S. property under Section 956 (or any successor provision)
               of the IRC that would trigger an increase in the gross income of
               Borrower pursuant to Section 951 (or any successor provision) of
               the IRC (such percentage being the "Maximum Percentage"), Agent
               hereby confirms that the Pledged Shares of each Affected Foreign
               Subsidiary shall refer only to, and the grants of security
               interests created hereby shall extend only to, the Maximum
               Percentage of the Affected Foreign Shares. If Agent shall take
               any action to foreclose on the Affected Foreign Shares, Agent
               hereby agrees to act only with regard to the Maximum Percentage
               of the Affected Foreign Shares; provided that nothing herein
               shall preclude Agent from exercising the stock powers with
               respect to all outstanding Affected Foreign Shares to take such
               action as may be necessary to transfer the Affected Foreign
               Shares other than the Maximum Percentage of the Affected Foreign
               Shares (the "Remaining Shares") to Borrower or to such other
               person or entity as Borrower designates. The parties hereto agree
               that Agent has no fiduciary or other responsibilities or duties
               with regard to the Remaining Shares and that Agent is serving
               only as custodian with respect to the Remaining Shares.

        27. Financing Statements, Etc.

        (a)    Perfection. Grantors shall execute and deliver to the Agent
               concurrently with the execution of this Agreement, and at any
               time and from time to time thereafter, all financing statements,
               continuation financing statements, termination statements,
               security agreements, chattel mortgages, assignments, patent,
               copyright and trademark collateral assignments, fixture filings,
               warehouse receipts, documents of title, affidavits, reports,
               notices, schedules of account, letters of authority, and all
               other documents and instruments, in form satisfactory to the
               Agent (the "Financing

<PAGE>   11

               Statements"), and take all other action, as the Agent may
               reasonably request, to perfect and continue perfected, maintain
               the priority of or provide notice of the Agent's security
               interest in the Collateral and to accomplish the purposes of this
               Agreement.

        (b)    Notice of Security Interest. In accordance with Section
               9302(1)(g) of the UCC, written notice of the security interest of
               the Agent in each Deposit Account maintained with a Lender is
               hereby given to such Lender.

        28. Representations and Warranties. In addition to the representations
and warranties of Grantors set forth in the Credit Agreement, which are
incorporated herein by this reference, Grantors represent and warrant to the
Agent that:

        (a)    Location of Chief Executive Office and Collateral. Each Grantor's
               chief executive office and principal place of business is located
               at the address set forth in Schedule 1, and all other locations
               where any or all Grantors conduct business are set forth in
               Schedule 1.

        (b)    Locations of Books. All locations where Books pertaining to the
               Rights to Payment are kept, including all equipment necessary for
               accessing such Books and the names and addresses of all service
               bureaus, computer or data processing companies and other Persons
               keeping any Books or collecting Rights to Payment for any or all
               Grantors, are set forth in Schedule 1.

        (c)    Trade Names and Trade Styles. All trade names and trade styles
               under which any or all Grantors presently conducts its business
               operations are set forth in Schedule 1, and, except as set forth
               in Schedule 1, none of Grantors has, at any time during the
               preceding five years: (i) been known as or used any other
               corporate, trade, or fictitious name; (ii) changed its name;
               (iii) been the surviving or resulting corporation in a merger or
               consolidation; or (iv) acquired through asset purchase or
               otherwise any business of any Person.

        (d)    Ownership of Collateral. Each Grantor is, and, except as
               permitted by Section 5(j) hereof and except for dispositions of
               Collateral in compliance with Section 7.04 of the Credit
               Agreement, will continue to be, the sole and complete owner of
               the Collateral owned by it, except for Collateral co-owned by two
               or more Grantors, as to which such Grantors are and will continue
               to be the sole and complete owners thereof (or, in the case of
               after-acquired Collateral, at the time such Grantor acquires
               rights in such Collateral, will be the sole and complete owner
               thereof, except for Collateral co-owned by two or more Grantors,
               as to which such Grantors will be the sole and complete owners
               thereof), free from any Lien other than Permitted Liens;

        (e)    Enforceability; Priority of Security Interest. (i) This Agreement
               creates a security interest which is enforceable against the
               Collateral in which any or all Grantors now have rights and will
               create a security interest which is enforceable against the
               Collateral in which any or all Grantors hereafter acquire rights
               at the time any or all

<PAGE>   12

               Grantors, as the case may be, acquire any such rights; and (ii)
               the Agent has a perfected and first priority (except for
               Permitted Liens) security interest in the Collateral, in which
               any or all Grantors now have rights, and will have a perfected
               and first priority (except for Permitted Liens) security interest
               in the Collateral in which any or all Grantors hereafter acquire
               rights at the time such Grantor or Grantors, as the case may be,
               acquire any such rights, in each case for the Agent's own benefit
               and for the ratable benefit of the other Lender Parties, and in
               each case securing the payment and performance of the Secured
               Obligations.

        (f)    Other Financing Statements. Other than financing statements or
               similar filings under the UCC or any comparable law ("UCC
               Financing Statements") related to Permitted Liens, no effective
               UCC Financing Statement naming any or all Grantors as debtor,
               assignor, grantor, mortgagor, pledgor, or the like and covering
               all or any part of the Collateral is on file in any filing or
               recording office in any jurisdiction.

        (g)    Rights to Payment. (i) The Rights to Payment represent valid,
               binding and enforceable obligations of the account debtors or
               other Persons obligated thereon, representing undisputed, bona
               fide transactions completed in accordance with the terms and
               provisions contained in any documents related thereto, and are
               and will be genuine, free from Liens, and not subject to any
               adverse claims, counterclaims, setoffs, defaults, disputes,
               defenses, discounts, retainages, holdbacks or conditions
               precedent of any kind of character, except to the extent
               reflected by Grantors' respective reserves for uncollectible
               Rights to Payment or to the extent, if any, that such account
               debtors or other Persons may be entitled to normal and ordinary
               course trade discounts, returns, adjustments and allowances in
               accordance with Section 5(m), or as otherwise disclosed to the
               Agent in writing;

        (i)    to Grantors' knowledge, all account debtors and other obligors on
               the Rights to Payment are solvent and generally paying their
               debts as they come due (except for Rights to Payment of account
               debtors or other obligors for which Grantors have taken adequate
               reserves in accordance with GAAP).

        (ii)   to Grantors' knowledge, all Rights to Payment comply in all
               material respects with all applicable laws concerning form,
               content, and manner of preparation and execution, including where
               applicable any federal or state consumer credit laws;

        (iii)  none of Grantors have assigned any of its rights under the Rights
               to Payment except as provided in this Agreement or as set forth
               in or permitted by the other Loan Documents;

        (iv)   all statements made, all unpaid balances and all other
               information in the Books and other documentation relating to the
               Rights to Payment are in all material respects true and correct
               and what they purport to be; and

<PAGE>   13

        (v)    Grantors have no knowledge of any fact or circumstance which
               would in any material respect impair the validity or
               collectibility of any material part of the Rights to Payment.

        (h)    Inventory. No Inventory is stored with any bailee, warehouseman,
               or similar Person or on any premises leased to any or all
               Grantors, nor has any Inventory been consigned to any or all
               Grantors or consigned by any or all Grantors to any Person or is
               held by any or all Grantors for any Person under any "bill and
               hold" or other arrangement, except as set forth in Schedule 1.

        (i)    Intellectual Property. (i) Except as set forth in Schedule 1,
               none of Grantors (directly or through any Subsidiary) owns,
               possesses, or uses under any licensing arrangement any patents,
               copyrights, trademarks, service marks, or trade names, nor is
               there currently pending before any Governmental Authority any
               application for registration of any Intellectual Property
               Collateral;

        (i)    all Intellectual Property Collateral are subsisting and none have
               been adjudged invalid or unenforceable in whole or in part;

        (ii)   all maintenance fees required to be paid on account of any
               Patents have been timely paid for maintaining such patents in
               force, and, to Grantors' knowledge, each of the Patents is valid
               and enforceable and Grantors have notified the Agent in writing
               of all material prior art (including public uses and sales) of
               which it is aware;

        (iii)  to Grantors' knowledge after due inquiry, no material
               infringement or unauthorized use presently is being made of any
               Intellectual Property Collateral by any Person;

        (iv)   each Grantor is the sole and exclusive owner of its respective
               Intellectual Property Collateral and if any Intellectual Property
               Collateral is co-owned by two or more Grantors, such Grantors are
               the sole and exclusive co-owners of such Intellectual Property
               Collateral; and the past, present, and contemplated future use of
               such Intellectual Property Collateral by such Grantor or
               Grantors, as the case may be, has not, does not, and will not
               infringe or violate any right, privilege, or license agreement of
               or with any other Person; and

        (v)    each Grantor owns, has material rights under, is a party to, or
               an assignee of a party to all of its material licenses, Patents,
               Copyrights, Trademarks, and all other of its Intellectual
               Property Collateral necessary to continue to conduct its business
               as heretofore conducted.

        (j)    Equipment. (i) None of the material Equipment or other material
               Collateral is affixed to real property, except Collateral with
               respect to which Grantors have supplied the Agent with all
               information and documentation necessary to make all fixture
               filings required to perfect and protect the priority of the
               Agent's security interest in all such Collateral which may be
               fixtures as against all Persons having an interest in the
               premises to which such property may be affixed; and

<PAGE>   14

        (k)    Deposit Accounts. The names and addresses of all financial
               institutions at which Grantors maintain their respective Deposit
               Accounts, and the account numbers and account names of such
               Deposit Accounts, are set forth in Schedule 1. None of Grantors
               will establish or maintain any Deposit Account with any financial
               intermediary unless Grantors shall first obtain the written
               undertaking and acknowledgement from such financial intermediary
               with respect to Lenders' security interest therein, all such
               undertakings and acknowledgements to be satisfactory in form and
               substance to the Agent in the exercise of its reasonable
               discretion.

        (l)    Compliance with Federal Fair Labor Standards Act. All Collateral
               has been and will be produced in compliance with the Federal Fair
               Labor Standards Act.

        29. Covenants. In addition to the covenants of Grantors set forth in the
Credit Agreement, which are incorporated herein by this reference, until this
Agreement has been terminated in accordance with Section 22 hereof, Grantors
agree that:

        (a)    Defense of Collateral. Grantors will appear in and defend any
               action, suit, or proceeding which may affect to a material extent
               any or all Grantors' title to, or right or interest in, or the
               Agent's right to or interest in, any material Collateral.

        (b)    Preservation of Collateral. Grantors will do and perform all
               reasonable acts that may be necessary and appropriate to
               maintain, preserve and protect the Collateral.

        (c)    Compliance with Laws, Etc. Grantors will comply in all material
               respects with all laws, regulations, and ordinances, and all
               policies of insurance, relating in a material way to the
               possession, operation, maintenance, and control of the
               Collateral.

        (d)    Location of Books and Chief Executive Office. Grantors will: (i)
               keep all Books pertaining to the Rights to Payment at the
               locations set forth in Schedule 1; and (ii) give at least 30
               days' prior written notice to the Agent of (A) any changes in any
               such location where Books pertaining to the Rights to Payment are
               kept, including any change of name or address of any service
               bureau, computer or data processing company or other Person
               preparing or maintaining any Books or collecting Rights to
               Payment for any or all Grantors or (B) any changes in the
               location of Grantors' respective chief executive offices or
               principal places of business.

        (e)    Location of Collateral. Grantors will: (i) keep all material
               Collateral at the locations set forth in Schedule 1 and not
               remove any material Collateral from such locations (other than
               disposals of Collateral permitted by subsection (i)) except upon
               at least 30 days' prior written notice of any removal to the
               Agent; and (ii) give the Agent at least 30 days' prior written
               notice of any change in the locations set forth in Schedule 1.

        (f)    Change in Name, Identity or Structure. Grantors will give at
               least 30 days' prior written notice of (i) any change in name,
               (ii) any changes in, additions to, or other modifications of
               their respective trade names and trade styles set forth in
               Schedule 1,

<PAGE>   15

               and (iii) any changes in their respective identities or
               structures in any manner which might make any Financing Statement
               filed hereunder incorrect or misleading.

        (g)    Maintenance of Records. Grantors will keep separate, accurate,
               and complete Books with respect to all Accounts, Consumer
               Contracts, and Chattel Paper.

        (h)    Disposition of Collateral. Grantors will not surrender or lose
               possession of (other than to the Agent), sell, lease, rent, or
               otherwise dispose of or transfer any of the Collateral or any
               right or interest therein, except to the extent permitted by the
               Credit Agreement.

        (i)    Liens. Other than Permitted Liens, Grantors will keep the
               Collateral free of all Liens.

        (j)    Leased Premises. Upon the Agent's request, Grantors will use
               their best efforts to obtain from each Person from whom any or
               all Grantors lease any premises at which any Collateral is at any
               time present such subordination, waiver, consent, and estoppel
               agreements as the Agent may reasonably require, in form and
               substance reasonably satisfactory to the Agent.

        (k)    Rights to Payment. Grantors will:

        (i)    if required by the Agent (but not more frequently than annually
               or, if an Event of Default has occurred and is continuing and
               Requisite Lenders so require, then with such frequency as
               Requisite Lenders may require) furnish to the Agent (A) master
               customer listings, including all names and addresses, together
               with copies or originals (as requested by the Agent) of
               documents, customer statements, repayment histories and present
               status reports relating to the Accounts and Consumer Contracts;
               (B) accurate records and summaries of Accounts and Consumer
               Contracts, including detailed agings specifying the name, face
               value and date of each invoice, and listings of Accounts and
               Consumer Contracts that are disputed or have been cancelled; and
               (C) such other matters and information relating to the Accounts
               or Consumer Contracts as the Agent shall from time to time
               reasonably request;

        (ii)   give only normal discounts, allowances and credits as to
               Accounts, Consumer Contracts and other Rights to Payment, in the
               ordinary course of business, according to normal trade practices
               utilized by Grantors in the past, and enforce all Accounts,
               Consumer Contracts, and other Rights to Payment strictly in
               accordance with their terms, and take all such action to such end
               as may from time to time be reasonably requested by the Agent,
               except that Grantors may grant any extension of the time for
               payment or enter into any agreement to reduce the amount owing on
               or with respect to, or compromise or settle for less than the
               full amount thereof, any Account or other Right to Payment in the
               ordinary course of business;

        (iii)  if any discount, allowance, credit, extension of time for
               payment, agreement to make a rebate or otherwise to reduce the
               amount owing on, or compromise or settle, an Account or other
               Right to Payment exists or occurs, or if, to the knowledge of any
               or

<PAGE>   16

               all Grantors, any dispute, setoff, claim, counterclaim or defense
               exists or has been asserted or threatened with respect to an
               Account or other Right to Payment, disclose such fact fully to
               the Agent in the Books relating to such Account or other Right to
               Payment and in connection with any invoice or report furnished by
               any or all Grantors to the Agent relating to such Account or
               other Right to Payment;

        (iv)   if any Accounts arise from contracts with the United States or
               any department, agency, or instrumentality thereof, immediately
               notify the Agent thereof and execute any documents and
               instruments and take any other steps requested by the Agent in
               order that all monies due and to become due thereunder shall be
               assigned to the Agent and notice thereof given to the Federal
               authorities under the Federal Assignment of Claims Act;

        (v)    in accordance with their sound business judgment, perform and
               comply in all material respects with their joint and several
               obligations in respect of the Accounts, Consumer Contracts and
               other Rights to Payment; and

        (vi)   upon the request of the Agent (A) at any time, notify all or any
               designated portion of the account debtors and other obligors on
               the Rights to Payment of the security interest hereunder, and (B)
               upon the occurrence and during the continuance of an Event of
               Default, notify the account debtors and other obligors on the
               Rights to Payment or any designated portion thereof that payment
               shall be made directly to the Agent or to such other Person or
               location as the Agent shall specify.

        (l)    Documents, Etc. (i) Upon the request of the Agent, Grantors will
               (A) immediately deliver to the Agent, or an agent designated by
               it, appropriately endorsed or accompanied by appropriate
               instruments of transfer or assignment, all Documents,
               Instruments, Investment Property, and Chattel Paper, and all
               other Rights to Payment at any time evidenced by promissory
               notes, trade acceptances or other instruments, (B) mark all
               Documents, Instruments, Chattel Paper, and all other Rights to
               Payment at any time evidenced by promissory notes, trade
               acceptances or other instruments, with the legend "This document
               and all rights to payment hereunder are subject to a security
               interest held by Union Bank of California, N.A., as agent" and
               such other legends as the Agent shall reasonably specify, (C)
               cause the issuer with respect to any Equity Interest in any
               Subsidiary or in any issuer with respect to a security which is
               not a certificated security directly held by any Grantor and not
               embodied in a certificated security to duly execute and deliver
               to the Agent a written agreement, in form and substance
               satisfactory to the Agent, by such issuer to comply with
               instructions originated by the Agent without further consent by
               any Grantor, and (D) cause the securities intermediary of any
               securities account or commodities account to duly execute and
               deliver to the Agent a written agreement, in form and substance
               satisfactory to the Agent, by such securities intermediary to
               comply with instructions originated by the Agent without further
               consent by any Grantor.

        (ii)   Grantors shall not, without the prior written consent of the
               Agent:

<PAGE>   17

        (1)    approve the amendment or termination of the Organization
               Documents of any other Grantor in which it holds an Equity
               Interest in a manner materially adverse to the rights of the
               Agent and the other Lender Parties under this Agreement or the
               other Loan Documents; or

        (2)    permit any Guarantor to issue any additional Equity Interests or
               redeem any Equity Interests;

        (iii)  One or more of Grantors shall own the entire Equity Interest in
               any Person that becomes a Grantor as the result of such Person's
               execution of a Guaranty Joinder Letter.

        (m)    Inventory. Grantors will:

        (i)    if requested by the Agent (but no more frequently than annually,
               or if an Event of Default has occurred and is continuing and the
               Requisite Lenders so require, then at such times as Requisite
               Lenders shall request), prepare and deliver to the Agent a report
               of all Inventory, in form and substance satisfactory to the
               Agent; and

        (ii)   not store any Inventory with a bailee, warehouseman, or similar
               Person or on premises leased to any or all Grantors, nor dispose
               of any Inventory on a bill-and-hold, guaranteed sale, sale and
               return, sale on approval, consignment or similar basis, nor
               acquire any Inventory from any Person on any such basis, without
               in each case giving the Agent prior written notice thereof.

        (n)    Equipment. Grantors will, upon the Agent's reasonable request,
               which shall be made no more frequently than annually unless an
               Event of Default has occurred and is continuing, deliver to the
               Agent a physical listing of the Equipment, in form and substance
               reasonably satisfactory to the Agent. In addition, Grantors will,
               upon the Agent's request made at any time, obtain the written
               agreement of the lessor (or other controller) of any real
               property upon which any Equipment is located permitting the Agent
               to enter upon such real property, and either (at the election of
               the Agent) remove such Equipment therefrom or utilize such
               Equipment thereon for a period of at least 180 days (or lesser
               period, as determined by the Agent, and for a monthly rental
               payment no greater than the amount that the applicable Grantor is
               obligated to pay with respect thereto), each such written
               agreement to be otherwise in form and substance satisfactory to
               the Agent.

        (o)    Intellectual Property Collateral. Grantors will:

        (i)    except in the ordinary course of business, not enter into any
               agreements or transactions (including any license or royalty
               agreement) pertaining to any material Intellectual Property
               Collateral;

<PAGE>   18

        (ii)   if reasonably within Grantors' abilities, not allow or suffer any
               material Intellectual Property Collateral to become abandoned,
               nor any registration thereof to be terminated, forfeited, expired
               or dedicated to the public;

        (iii)  give the Agent, simultaneously with the delivery to the Agent of
               the financial information required with respect to each fiscal
               quarter pursuant to Section 6.01(b) of the Credit Agreement,
               notice of any rights any Grantor may obtain to any material new
               patentable inventions, copyrightable works or other material new
               Intellectual Property Collateral, prior to the filing of any
               application for registration thereof; and

        (iv)   diligently prosecute all applications for material Patents,
               Copyrights, and Trademarks, and file and prosecute any and all
               continuations, continuations-in-part, applications for reissue,
               applications for certificate of correction and like matters as
               shall be reasonable and appropriate in accordance with prudent
               business practice, and promptly and timely pay any and all
               maintenance, license, registration and other fees, taxes, and
               expenses incurred in connection with any material Intellectual
               Property Collateral.

               If, before the Secured Obligations shall have been paid in full
and this Agreement shall have been terminated in accordance with Section 22
hereof, any or all Grantors shall obtain or become entitled to the benefit of,
as exclusive licensee, any material new Patents, Trademarks, or Copyrights or
any material new rights in any Patents, Trademarks, or Copyrights, Grantors
shall give to the Agent, simultaneously with the delivery to the Agent of the
financial information required with respect to each fiscal quarter pursuant to
Section 6.01(b) of the Credit Agreement, written notice thereof and, together
therewith (unless earlier requested by the Agent), deliver to the Agent a duly
executed Copyright Security Agreement, Patent Security Agreement, and/or
Trademark Security Agreement adequately describing such new Patents, Copyrights,
and/or Trademarks, as appropriate, for recording or filing as the Agent sees
fit.

        (p)    Notices, Reports and Information. Grantors will (i) notify the
               Agent of any material claim made or asserted against the
               Collateral by any Person and of any material change in the
               composition of the Collateral or other event which could
               materially adversely affect the value of the Collateral or the
               Agent's Lien thereon; (ii) furnish to the Agent such statements
               and schedules further identifying and describing the Collateral
               and such other reports and other information in connection with
               the Collateral as the Agent may reasonably request, all in
               reasonable detail; and (iii) upon request of the Agent, make such
               demands and requests for information and reports as any or all
               Grantors are entitled to make in respect of the Collateral.

        (q)    Collections. Upon receipt of any collections with respect to any
               Accounts, Consumer Contracts, or other Rights to Payment,
               Borrower shall immediately deliver all payments in their original
               form duly endorsed in blank into a Payment Account. If,
               notwithstanding such instructions, Borrower receives and retains
               any proceeds of Accounts, Consumer Contracts, or other Rights to
               Payment, it shall receive such payments as Agent's trustee, and
               shall immediately deliver such payments to Agent in their
               original form duly endorsed in blank or deposit them into a
               Payment

<PAGE>   19

               Account, as the Agent may direct. All collections received in any
               Payment Account or directly by Borrower. So long as an Event of
               Default has occurred and is continuing, Borrower, at Agent's
               request, shall execute and deliver to Agent such documents as
               Agent shall require to grant Agent access to any post office box
               in which collections of Accounts, Consumer Contracts, or other
               Rights to Payment are received.

        (r)    Additional Grantors. Upon any Person becoming a Grantor by virtue
               of such Person's execution and delivery of a Guarantor Joinder
               Letter, the Credit Parties will, simultaneously with the delivery
               of such Guaranty Joinder Letter to the Agent, deliver to the
               Agent information with respect to such additional Grantor of the
               nature set forth in Schedules 1 and 2 hereto as is required of
               Grantors in connection with their execution and delivery of this
               Agreement. In connection therewith, such Person shall execute
               such Financing Statements and other documents and instruments
               (including a Copyright Security Agreement, Patent Security
               Agreement and Trademark Security Agreement) as shall be necessary
               in the judgment of the Agent to perfect the Agent's security
               interest in any new Collateral acquired by the Agent as the
               result of such Person becoming an additional Grantor.

        30. Collection of Rights to Payment. Until the Agent exercises its
rights hereunder to collect Rights to Payment, Grantors shall endeavor in the
first instance diligently to collect all amounts due or to become due on or with
respect to the Rights to Payment. At the request of the Agent, upon and after
the occurrence and during the continuance of any Event of Default, all
remittances received by any or all Grantors shall be held in trust for the Agent
and, in accordance with the Agent's instructions, remitted to the Agent or
deposited to an account with the Agent in the form received (with any necessary
endorsements or instruments of assignment or transfer).

        31. Authorization; Agent Appointed Attorney-in-Fact. The Agent shall
have the right to, in the name of any or all Grantors, or in the name of the
Agent or otherwise, without notice to or assent by Grantors, and Grantors hereby
constitute and appoint the Agent (and any of the Agent's officers, employees, or
agents designated by the Agent) as Grantors' true and lawful attorney-in-fact,
with full power and authority to:

        (i)    sign any of the Financing Statements which must be executed,
               filed, or recorded to perfect or continue perfected, maintain the
               priority of or provide notice of the Agent's security interest in
               the Collateral;

        (ii)   take possession of and endorse any notes, acceptances, checks,
               drafts, money orders, or other forms of payment or security and
               collect any Proceeds of any Collateral;

        (iii)  sign and endorse any invoice or bill of lading relating to any of
               the Collateral, warehouse or storage receipts, drafts against
               customers or other obligors, assignments, notices of assignment,
               verifications, and notices to customers or other obligors;

<PAGE>   20

        (iv)   notify the Postal Service authorities to change the address for
               delivery of mail addressed to any or all Grantors to such address
               as the Agent may designate and, without limiting the generality
               of the foregoing, establish with any Person lockbox or similar
               arrangements for the payment of the Rights to Payment;

        (v)    receive, open, and dispose of all mail addressed to any or all
               Grantors;

        (vi)   send requests for verification of Rights to Payment to the
               customers or other obligors of any or all Grantors;

        (vii)  contact, or direct Grantors to contact, all account debtors and
               other obligors on the Rights to Payment and instruct such account
               debtors and other obligors to make all payments directly to the
               Agent;

        (viii) assert, adjust, sue for, compromise, or release any claims under
               any policies of insurance;

        (ix)   exercise dominion and control over, and refuse to permit further
               withdrawals from, Deposit Accounts maintained with the Agent;

        (x)    notify each Person maintaining lockbox or similar arrangements
               for the payment of the Rights to Payment to remit all amounts
               representing collections on the Rights to Payment directly to the
               Agent;

        (xi)   ask, demand, collect, receive, and give acquittances and receipts
               for any and all Rights to Payment, enforce payment or any other
               rights in respect of the Rights to Payment and other Collateral,
               grant consents, agree to any amendments, modifications, or
               waivers of the agreements and documents governing the Rights to
               Payment and other Collateral, and otherwise file any claims, take
               any action, or institute, defend, settle, or adjust any actions,
               suits, or proceedings with respect to the Collateral, as the
               Agent may deem necessary or desirable to maintain, preserve, and
               protect the Collateral, to collect the Collateral or to enforce
               the rights of the Agent with respect to the Collateral;

        (xii)  execute any and all applications, documents, papers, and
               instruments necessary for the Agent to use the Intellectual
               Property Collateral and grant or issue any exclusive or
               non-exclusive license or sublicense with respect to any
               Intellectual Property Collateral;

        (xiii) execute any and all endorsements, assignments, or other documents
               and instruments necessary to sell, lease, assign, convey, or
               otherwise transfer title in or dispose of the Collateral;

        (xiv)  assert any and all Rights and Remedies and to collect all
               damages, awards, and other monies resulting therefrom; and

<PAGE>   21

        (xv)   execute any and all such other documents and instruments, and do
               any and all acts and things for and on behalf of Grantors, which
               the Agent may deem necessary or advisable to maintain, protect,
               realize upon, and preserve the Collateral and the Agent's
               security interest therein and to accomplish the purposes of this
               Agreement.

            The Agent agrees that, except upon and after the occurrence of an
Event of Default, it shall not exercise the power of attorney, or any rights
granted to the Agent, pursuant to clauses (ii) through (xv). The foregoing power
of attorney is coupled with an interest and irrevocable so long as any Lender
has any Commitment or the Secured Obligations have not been paid and performed
in full. Grantors hereby ratify, to the extent permitted by law, all that the
Agent shall lawfully and in good faith do or cause to be done by virtue of and
in compliance with this Section 7.

        32. Agent Performance of Grantors Obligations. The Agent may perform or
pay any obligation which any or all Grantors have agreed to perform or pay under
or in connection with this Agreement, and Grantors shall reimburse the Agent on
demand for any amounts paid by the Agent pursuant to this Section 8.

        33. Agent's Duties. Notwithstanding any provision contained in this
Agreement, the Agent shall have no duty to exercise any of the rights,
privileges or powers afforded to it and shall not be responsible to Grantors or
any other Person for any failure to do so or delay in doing so. Beyond the
exercise of reasonable care to assure the safe custody of Collateral in the
Agent's possession and the accounting for moneys actually received by the Agent
hereunder, the Agent shall have no duty or liability to exercise or preserve any
rights, privileges, or powers pertaining to the Collateral.

        34. Remedies. (a) Remedies. Upon the occurrence and during the
continuance of any Event of Default, the Agent shall have, in addition to all
other rights and remedies granted to it in this Agreement, the Credit Agreement
or any other Loan Document, all rights and remedies of a secured party under the
UCC and other applicable laws. Without limiting the generality of the foregoing,
Grantors agree that the Agent may:

        (i)    peaceably and without notice enter any premises of any or all
               Grantors, take possession of any the Collateral, remove or
               dispose of all or part of the Collateral on any premises or
               elsewhere, and otherwise collect, receive, appropriate, and
               realize upon all or any part of the Collateral, and demand, give
               receipt for, settle, renew, extend, exchange, compromise, adjust,
               or sue for all or any part of the Collateral, as the Agent may
               determine;

        (ii)   require Grantors to assemble all or any part of the Collateral
               and make it available to the Agent at any place and time
               designated by the Agent;

        (iii)  use or transfer any of Grantors' rights and interests in any
               Intellectual Property Collateral, by license, by sublicense (to
               the extent permitted by an applicable license) or otherwise, on
               such conditions and in such manner as the Agent may determine;

<PAGE>   22

        (iv)   secure the appointment of a receiver of the Collateral or any
               part thereof to the extent and in the manner provided by
               applicable law, as more particularly set forth in Section 10(f)
               hereof;

        (v)    withdraw (or cause to be withdrawn) any and all funds from
               Deposit Accounts;

        (vi)   assert any of the Rights and Remedies and receive and collect all
               damages, awards, and other monies resulting therefrom; and

        (vii)  sell, resell, lease, use, assign, transfer, or otherwise dispose
               of any or all of the Collateral in its then condition or
               following any commercially reasonable preparation or processing
               (utilizing in connection therewith any of any or all Grantors'
               assets, without charge or liability to the Agent therefor) at
               public or private sale, by one or more contracts, in one or more
               parcels, at the same or different times, for cash or credit, or
               for future delivery without assumption of any credit risk, all as
               the Agent deems advisable; provided that Grantors shall be
               credited with the net proceeds of sale only when such proceeds
               are finally collected by the Agent. The Agent shall have the
               right upon any such public sale, and, to the extent permitted by
               law, upon any such private sale, to purchase the whole or any
               part of the Collateral so sold, free of any right or equity of
               redemption, which right or equity of redemption Grantors hereby
               release, to the extent permitted by law. Grantors hereby agree
               that the sending of notice by ordinary mail, postage prepaid, to
               the address of Grantors set forth in the Credit Agreement, of the
               place and time of any public sale or of the time after which any
               private sale or other intended disposition is to be made, shall
               be deemed reasonable notice thereof if such notice is sent ten
               days prior to the date of such sale or other disposition or the
               date on or after which such sale or other disposition may occur,
               provided that the Agent may provide Grantors shorter notice or no
               notice, to the extent permitted by the UCC or other applicable
               law.

        (b)    License. For the purpose of enabling the Agent to exercise its
               rights and remedies under this Section 10 or otherwise in
               connection with this Agreement, Grantors hereby grant to the
               Agent an irrevocable, non-exclusive and assignable license
               (exercisable without payment or royalty or other compensation to
               Grantors) to use, license or sublicense any Intellectual Property
               Collateral.

        (c)    Proceeds Account. To the extent that any of the Secured
               Obligations may be contingent, unmatured, or unliquidated at such
               time as there may exist an Event of Default, the Agent may, at
               its election, (i) retain the proceeds of any sale, collection,
               disposition or other realization upon the Collateral (or any
               portion thereof) in a special purpose non-interest-bearing
               restricted deposit account (the "Proceeds Account") created and
               maintained by the Agent for such purpose (which shall constitute
               a Deposit Account included within the Collateral hereunder) until
               such time as the Agent may elect to apply such proceeds to the
               Secured Obligations, and Grantors agree that such retention of
               such proceeds by the Agent shall not be deemed strict foreclosure
               with respect thereto; (ii) in any manner elected by the Agent,
               estimate the liquidated amount of any such contingent, unmatured,
               or unliquidated

<PAGE>   23

               claims and apply the proceeds of the Collateral against such
               amount; or (iii) otherwise proceed in any manner permitted by
               applicable law. Grantors agree that the Proceeds Account shall be
               a blocked account and that upon the irrevocable deposit of funds
               into the Proceeds Account, Grantors shall not have any right of
               withdrawal with respect to such funds. Accordingly, Grantors
               irrevocably waive until the termination of the security interests
               granted under this Agreement in accordance with Section 22 the
               right to make any withdrawal from the Proceeds Account and the
               right to instruct the Agent to honor drafts against the Proceeds
               Account.

        (d)    Application of Proceeds. Subject to subsection (c) immediately
               above, the cash proceeds actually received from the sale or other
               disposition or collection of Collateral, and any other amounts
               received in respect of the Collateral the application of which is
               not otherwise provided for herein, shall be applied (after
               payment of any amounts payable to the Agent pursuant to Section 8
               or Section 14) in whole or in part by the Agent for the benefit
               of the Lender Parties against all or any part of the Secured
               Obligations in the following order: (i) first, to any fees,
               costs, or other expenses due under the Loan Documents; (ii) next,
               to any interest (including interest due under subsection 2.07(c)
               of the Credit Agreement; (iii) next, to any principal due under
               the Loan Documents; and (iv) last, to any other Secured
               Obligations. Any surplus thereof which exists after payment and
               performance in full of the Secured Obligations shall be promptly
               paid over to Grantors or otherwise disposed of in accordance with
               the UCC or other applicable law. Grantors shall remain liable to
               the Agent for any deficiency which exists after any sale or other
               disposition or collection of Collateral.

        (e)    Agreement to Execute and Deliver Documents. Upon the exercise by
               the Agent of any power, right, privilege, or remedy pursuant to
               this Agreement which requires any consent, approval,
               registration, qualification, or authorization of any Governmental
               Authority, Grantors agree to execute and deliver, or will cause
               the execution and delivery of, all applications, certificates,
               instruments, assignments, and other documents and papers that the
               Agent or any purchaser of the Collateral may be required to
               obtain for such governmental consent, approval, registration,
               qualification, or authorization.

        (f)    Stipulation re: Receiver. Grantors hereby irrevocably stipulate
               and agree that the Agent has the right under this Agreement, upon
               the occurrence and during the continuance of an Event of Default,
               to seek the appointment of a receiver, trustee, or similar
               official over Grantors to effect the transactions contemplated by
               this Agreement. Grantors hereby irrevocably agree not to object
               to such appointment on any grounds.

        (g)    Particular Remedies re: Equity Interests.

        (i)    During the continuance of an Event of Default, at the Agent's
               option, and in addition to any and all other rights and remedies
               available to the Agent pursuant to this Agreement, the other Loan
               Documents, at law, or otherwise, Grantors shall cooperate

<PAGE>   24

               with the Agent in having Grantors' respective Equity Interests in
               all Guarantors transferred to the Agent or its designee in
               accordance with the applicable Organization Documents and in each
               Guarantor's respective records;

        (ii)   During the continuance of an Event of Default, the Agent may,
               without notice of election and without demand, do any one or more
               of the following, all of which Grantors authorize and agree are
               commercially reasonable:

        (1)    notify Grantors that the Agent has the absolute and unconditional
               right to receive any and all payments of any kind whatsoever to
               be made by or payable by a Grantor to one or more Guarantors,
               whether as the holder of an Equity Interest in such Guarantors or
               as creditor thereof, including without limitation the Assigned
               Benefits;

        (2)    receive payment of the Assigned Benefits directly from
               Guarantors, or otherwise collect the Assigned Benefits, or
               transfer the right to receive the Assigned Benefits, without
               recourse to the security interest granted hereby. Grantors hereby
               authorize and instruct all Guarantors in which they hold an
               Equity Interest to pay all of the Assigned Benefits directly to
               the Agent from time to time as the same shall become due, from
               and after receipt by Guarantors of written demand from the Agent;

        (3)    to exercise all of Grantors' respective voting and other rights
               as the holder of an Equity Interest in Guarantors (whether or not
               transferred to the Agent) and give all consents, waivers, and
               ratifications in respect of the Equity Interests and otherwise
               act with respect thereto as though it were the outright owner
               thereof; GRANTORS HEREBY IRREVOCABLY CONSTITUTE AND APPOINT THE
               AGENT THE PROXY AND ATTORNEY-IN-FACT OF GRANTORS, COUPLED WITH AN
               INTEREST, WITH FULL POWER OF SUBSTITUTION FOR ANY AND ALL OF SUCH
               PURPOSES; WHICH PROXY AND POWER OF ATTORNEY SHALL CONTINUE IN
               FULL FORCE AND EFFECT AND TERMINATE UPON THE EARLIER TO OCCUR OF
               (A) THE INDEFEASIBLE PAYMENT IN FULL OF THE SECURED OBLIGATIONS,
               AND (B) TWELVE (12) YEARS FROM THE DATE HEREOF.

        35. Certain Waivers. Grantors waive, to the fullest extent permitted by
law, (i) any right of redemption with respect to the Collateral, whether before
or after sale hereunder, and all rights, if any, of marshalling of the
Collateral or other collateral or security for the Secured Obligations; (ii) any
right to require the Agent (A) to proceed against any Person, (B) to exhaust any
other collateral or security for any of the Secured Obligations, (C) to pursue
any remedy in the Agent's power, or (D) to make or give any presentments,
demands for performance, notices of nonperformance, protests, notices of
protests, or notices of dishonor in connection with any of the Collateral; and
(iii) all claims, damages, and demands against the Agent arising out of the
repossession, retention, sale, or application of the proceeds of any sale of the
Collateral.

        36. Notices. All notices or other communications hereunder shall be
given in the manner and to the addresses specified in the Credit Agreement. All
such notices and other communications shall be effective (i) if delivered by
hand or pre-paid courier service, when

<PAGE>   25

delivered; (ii) if sent by mail, upon the earlier of the date of receipt or five
Business Days after deposit in the mail, first class, postage prepaid; (iii) if
sent by telex, upon receipt by the sender of an appropriate answer back; and
(iv) if sent by facsimile transmission, when sent.

        37. No Waiver; Cumulative Remedies. No failure on the part of the Agent
to exercise, and no delay in exercising, any right, remedy, power, or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, remedy, power or privilege preclude any other or
further exercise thereof or the exercise of any other right, remedy, power, or
privilege. The rights and remedies under this Agreement are cumulative and not
exclusive of any rights, remedies, powers, and privileges that may otherwise be
available to the Agent.

        38. Costs and Expenses; Indemnification; Other Charges.

        (a)    Costs and Expenses. Grantors agree to pay on demand:

        (i)    the reasonable out-of-pocket costs and expenses of the Agent and
               any of its Affiliates, and the Agent's reasonable Attorney Costs,
               in connection with the negotiation, preparation, execution,
               delivery, and administration of this Agreement, and any
               amendments, modifications, or waivers of the terms thereof, and
               the custody of the Collateral;

        (ii)   upon the occurrence and during the continuance of an Event of
               Default, all title, appraisal (including the allocated costs of
               internal appraisal services), survey, audit, consulting, search,
               recording, filing, and similar costs, fees, and expenses incurred
               or sustained by the Agent or any of its Affiliates in connection
               with this Agreement or the Collateral; and

        (iii)  all reasonable costs and expenses of the Agent and its
               Affiliates, including Attorney Costs, in connection with the
               enforcement of, and preservation of any rights or interests
               under, this Agreement, including in any out-of-court workout or
               other refinancing or restructuring or in any bankruptcy case, and
               the protection, storing, warehousing, insuring, sale, or
               collection of, or other realization upon, any of the Collateral,
               including all expenses of taking, collecting, holding, sorting,
               handling, preparing for sale, selling, or the like, and other
               such expenses of sales and collections of Collateral, and any and
               all losses, costs, and expenses sustained by the Agent as a
               result of any failure by Grantors to perform or observe their
               obligations contained herein.

        (b)    Indemnification. Grantors hereby agree to indemnify the Agent,
               the other Lender Parties, any Affiliate of any of them, and their
               respective directors, officers, employees, agents, counsel, and
               other advisors (each an "Indemnified Person") against, and hold
               each of them harmless from, any and all liabilities, obligations,
               losses, claims, damages, penalties, actions, judgments, suits,
               costs, expenses, or disbursements of any kind or nature
               whatsoever, including the reasonable fees and disbursements of
               counsel to an Indemnified Person (including reasonable allocated

<PAGE>   26

               costs of internal counsel), which may be imposed on, incurred by,
               or asserted against any Indemnified Person, in any way relating
               to or arising out of this Agreement or the transactions
               contemplated hereby or any action taken or omitted to be taken by
               it hereunder (the "Indemnified Liabilities"); provided that
               Grantors shall not be liable to any Indemnified Person for any
               portion of such Indemnified Liabilities arising from such
               Indemnified Person's gross negligence or willful misconduct. If
               and to the extent that the foregoing indemnification is for any
               reason held unenforceable, Grantors agree to make the maximum
               contribution to the payment and satisfaction of each of the
               Indemnified Liabilities which is permissible under applicable
               law.

        (c)    Other Charges. Grantors agree to indemnify the Agent against and
               hold it harmless from any and all present and future stamp,
               transfer, documentary, and other such taxes, levies, fees,
               assessments, and other charges made by any jurisdiction by reason
               of the execution, delivery, performance, and enforcement of this
               Agreement.

        (d)    Interest. Any amounts payable to the Agent under this Section 14
               or otherwise under this Agreement if not paid upon demand shall
               bear interest from the date of such demand until paid in full, at
               the rate of interest set forth in subsection 2.07(c) of the
               Credit Agreement.

        39. Binding Effect. This Agreement shall be binding upon, inure to the
benefit of and be enforceable by Grantors, the Agent, and their respective
successors and assigns.

        40. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF CALIFORNIA, EXCEPT AS
REQUIRED BY MANDATORY PROVISIONS OF LAW AND TO THE EXTENT THE VALIDITY OR
PERFECTION OF THE SECURITY INTERESTS HEREUNDER, OR THE REMEDIES HEREUNDER, IN
RESPECT OF ANY COLLATERAL ARE GOVERNED BY THE LAW OF A JURISDICTION OTHER THAN
CALIFORNIA, PROVIDED THAT THE PARTIES SHALL RETAIN ALL RIGHTS ARISING UNDER
FEDERAL LAW.

        41. Entire Agreement; Amendment. This Agreement contains the entire
agreement of the parties with respect to the subject matter hereof and shall not
be amended except by the written agreement of the parties as provided in the
Credit Agreement.

        42. Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under all
applicable laws and regulations. If, however, any provision of this Agreement
shall be prohibited by or invalid under any such law or regulation in any
jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform
to the minimum requirements of such law or regulation, or, if for any reason it
is not deemed so modified, it shall be ineffective and invalid only to the
extent of such prohibition or invalidity without affecting the remaining
provisions of this Agreement, or the validity or effectiveness of such provision
in any other jurisdiction.

<PAGE>   27

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

        44. Incorporation of Provisions of the Credit Agreement. To the extent
the Credit Agreement contains provisions of general applicability to the Loan
Documents, including any such provisions contained in Article XI thereof, such
provisions are incorporated herein by this reference.

        45. No Inconsistent Requirements. Grantors acknowledge that this
Agreement and the other Loan Documents may contain covenants and other terms and
provisions variously stated regarding the same or similar matters, and agrees
that all such covenants, terms, and provisions are cumulative and all shall be
performed and satisfied in accordance with their respective terms.

        46. Termination. Upon termination of the Commitments of the Lenders
under the Loan Documents and payment in full of all Secured Obligations, the
security interests granted under this Agreement shall terminate and the Agent
shall promptly execute and deliver to Grantors such documents and instruments
reasonably requested by Grantors as shall be necessary to evidence termination
of all security interests given by Grantors to the Agent hereunder; provided
that the obligations of Grantors under Section 14 shall survive such
termination.

        47. Additional Grantors. Each Grantor party hereto consents to the
addition of other Persons as Grantors hereunder pursuant to Section 6.13 of the
Credit Agreement. Upon any Person becoming a Grantor hereunder after the Closing
Date, such Person shall forthwith provide to the Agent all information relating
to such Person of the nature set forth in Schedule 1 hereto.

<PAGE>   28

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

GRANTORS:                           CENTRAL CONSUMER FINANCE COMPANY,
                                    a Delaware corporation

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Gary Cypres
                                    Title:  President

                                    Address for Notices:

                                    Attn:  Gary Cypres
                                    5480 East Ferguson Drive
                                    Commerce, CA 90022
                                    Telephone:  323.720.8608
                                    Facsimile:  323.720.8729

                                    CENTRAL CHECK CASHING INC.,
                                    a California corporation

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Gary Cypres
                                    Title:  President

                                    Address for Notices:

                                    Attn:  Gary Cypres
                                    5480 East Ferguson Drive
                                    Commerce, CA 90022
                                    Telephone:  323.720.8608
                                    Facsimile:  323.720.8729

                                    CENTRAL CONSUMER COMPANY OF NEVADA,
                                    a Nevada corporation

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Gary Cypres
                                    Title:  President

                                    Address for Notices:

                                    Attn:  Gary Cypres
                                    5480 East Ferguson Drive
                                    Commerce, CA 90022
                                    Telephone:  323.720.8608
                                    Facsimile:  323.720.8729

<PAGE>   29

                                    AGENT:

                                    UNION BANK OF CALIFORNIA, N.A.

                                    By:        /S/
                                       ----------------------------------------
                                    Name:  Robert C. Nagel
                                    Title:  President

                                    Address for Notices:

                                    Notices (other than Requests for Extensions
                                    of Credit):

Attn:  Robert C. Nagel
350 California Street, 6th Floor
San Francisco, CA 94104
Telephone:  415.705.7189
Facsimile:  415.705.5093

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