Document:

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                                  EXHIBIT 4.15

                                REMEDYTEMP, INC.

                                       and

                        [____________], AS WARRANT AGENT

                             FORM OF PREFERRED STOCK

                                WARRANT AGREEMENT

                                   DATED AS OF

                                 [------------]

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                                TABLE OF CONTENTS

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ARTICLE 1             ISSUANCE OF WARRANTS AND EXECUTION AND
                      DELIVERY OF WARRANT CERTIFICATES.........................................................  1

         1.1          Issuance of Warrants.....................................................................  1

         1.2          Execution and Delivery of Warrant Certificates...........................................  1

         1.3          Issuance of Warrant Certificates.........................................................  2

ARTICLE 2             WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS.........................................  3

         2.1          Warrant Price............................................................................  3

         2.2          Duration of Warrants.....................................................................  3

         2.3          Exercise of Warrants.....................................................................  3

ARTICLE 3             OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES...................  4

         3.1          No Rights as Warrant Securityholder Conferred by Warrants or
                      Warrant Certificates.....................................................................  4

         3.2          Lost, Stolen, Mutilated or Destroyed Warrant Certificates................................  4

         3.3          Holder of Warrant Certificate May Enforce Rights.........................................  5

         3.4          Adjustments..............................................................................  5

         3.5          Notice to Warrantholders.................................................................  8

         3.6          [If the Warrants are subject to acceleration by the Company, insert--Acceleration of
                      Warrants by the Company].................................................................  8

ARTICLE 4             EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES............................................ 10

         4.1          Exchange and Transfer of Warrant Certificates............................................ 10

         4.2          Treatment of Holders of Warrant Certificates............................................. 10

         4.3          Cancellation of Warrant Certificates..................................................... 11

ARTICLE 5             CONCERNING THE WARRANT AGENT............................................................. 11

         5.1          Warrant Agent............................................................................ 11
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         5.2          Conditions of Warrant Agent's Obligations................................................ 11

         5.3          Resignation, Removal and Appointment of Successor........................................ 13

ARTICLE 6             MISCELLANEOUS............................................................................ 14

         6.1          Amendment................................................................................ 14

         6.2          Notices and Demands to the Company and Warrant Agent..................................... 14

         6.3          Addresses................................................................................ 14

         6.4          Governing Law............................................................................ 14

         6.5          Delivery of Prospectus................................................................... 15

         6.6          Obtaining of Governmental Approvals...................................................... 15

         6.7          Persons Having Rights Under Warrant Agreement............................................ 15

         6.8          Headings................................................................................. 15

         6.9          Counterparts............................................................................. 15

         6.10         Inspection of Agreement.................................................................. 15
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                                REMEDYTEMP, INC.
                    Form of Preferred Stock Warrant Agreement

         PREFERRED STOCK WARRANT AGREEMENT, dated as of _________ between
REMEDYTEMP, INC., a California corporation (the "COMPANY") and ____________, a
[corporation] [national banking association] organized and existing under the
laws of ____________ and having a corporate trust office in ________________, as
warrant agent (the "WARRANT AGENT").

         WHEREAS, the Company proposes to sell [if Warrants are sold with other
securities--[title of such other securities being offered] (the "OTHER
SECURITIES") with] warrant certificates evidencing one or more warrants (the
"WARRANTS" or, individually, a "WARRANT") representing the right to purchase
[title of Preferred Stock purchasable through exercise of Warrants] (the
"WARRANT SECURITIES"), such warrant certificates and other warrant certificates
issued pursuant to this Agreement being herein called the "WARRANT
CERTIFICATES"; and

         WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company, and the Warrant Agent is willing so to act, in connection with the
issuance, registration, transfer, exchange, exercise and replacement of the
Warrant Certificates, and in this Agreement wishes to set forth, among other
things, the form and provisions of the Warrant Certificates and the terms and
conditions on which they may be issued, registered, transferred, exchanged,
exercised and replaced;

         NOW THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

                                    ARTICLE 1
                     ISSUANCE OF WARRANTS AND EXECUTION AND
                        DELIVERY OF WARRANT CERTIFICATES

         1.1 ISSUANCE OF WARRANTS. [If Warrants alone--Upon issuance, each
Warrant Certificate shall evidence one or more Warrants.] [If Other Securities
and Warrants--Warrants shall be [initially] issued in connection with the
issuance of the Other Securities [but shall be separately transferable on and
after ____________ (the "DETACHABLE DATE")] [and shall not be separately
transferable] and each Warrant Certificate shall evidence one or more Warrants.]
Each Warrant evidenced thereby shall represent the right, subject to the
provisions contained herein and therein, to purchase one Warrant Security. [If
Other Securities and Warrants--Warrant Certificates shall be initially issued in
units with the Other Securities and each Warrant Certificate included in such a
unit shall evidence ________________Warrants for each [$ __________ principal
amount] [ ____________ shares] of Other Securities included in such unit.]

         1.2 EXECUTION AND DELIVERY OF WARRANT CERTIFICATES. Each Warrant
Certificate, whenever issued, shall be in registered form substantially in the
form set forth in Exhibit A hereto, shall be dated the date of its
countersignature by the Warrant Agent and may have such letters, numbers, or
other marks of identification or designation and such

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legends or endorsements printed, lithographed or engraved thereon as the
officers of the Company executing the same may approve (execution thereof to be
conclusive evidence of such approval) and as are not inconsistent with the
provisions of this Agreement, or as may be required to comply with any law or
with any rule or regulation made pursuant thereto or with any rule or regulation
of any securities exchange on which the Warrants may be listed, or to conform to
usage. The Warrant Certificates shall be signed on behalf of the Company by any
of its present or future chief executive officers, presidents, senior vice
presidents, vice presidents, chief financial officers, chief legal officers,
treasurers, assistant treasurers, controllers, assistant controllers,
secretaries or assistant secretaries under its corporate seal reproduced
thereon. Such signatures may be manual or facsimile signatures of such
authorized officers and may be imprinted or otherwise reproduced on the Warrant
Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant
Certificates.

         No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by
the Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence that the Warrant Certificate so countersigned has been duly
issued hereunder.

         In case any officer of the Company who shall have signed any of the
Warrant Certificates either manually or by facsimile signature shall cease to be
such officer before the Warrant Certificates so signed shall have been
countersigned and delivered by the Warrant Agent, such Warrant Certificates may
be countersigned and delivered notwithstanding that the person who signed
Warrant Certificates ceased to be such officer of the Company; and any Warrant
Certificate may be signed on behalf of the Company by such persons as, at the
actual date of the execution of such Warrant Certificate, shall be the proper
officers of the Company, although at the date of the execution of this Agreement
any such person was not such officer.

         The term "holder" or "holder of a Warrant Certificate" as used herein
shall mean any person in whose name at the time any Warrant Certificate shall be
registered upon the books to be maintained by the Warrant Agent for that purpose
[If Other Securities and Warrants are not immediately detachable--or upon the
registration of the Other Securities prior to the Detachable Date. Prior to the
Detachable Date, the Company will, or will cause the registrar of the Other
Securities to, make available at all times to the Warrant Agent such information
as to holders of the Other Securities as may be necessary to keep the Warrant
Agent's records up to date].

         1.3 ISSUANCE OF WARRANT CERTIFICATES. Warrant Certificates
evidencing the right to purchase Warrant Securities may be executed by the
Company and delivered to the Warrant Agent upon the execution of this Warrant
Agreement or from time to time thereafter. The Warrant Agent shall, upon receipt
of Warrant Certificates duly executed on behalf of the Company, countersign such
Warrant Certificates and shall deliver such Warrant Certificates to or upon the
order of the Company.

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                                    ARTICLE 2
                WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

         2.1 WARRANT PRICE. During the period specified in Section 2.2,
each Warrant shall, subject to the terms of this Warrant Agreement and the
applicable Warrant Certificate, entitle the holder thereof to purchase the
number of Warrant Securities specified in the applicable Warrant Certificate at
an initial exercise price of $ __________ per Warrant Security, subject to
adjustment upon the occurrence of certain events, as hereinafter provided. Such
purchase price per Warrant Security is referred to in this Agreement as the
"Warrant Price."

         2.2 DURATION OF WARRANTS. Each Warrant may be exercised in whole
or in part at any time, as specified herein, on or after [the date thereof]
[_________] and at or before [________] p.m., [City] time, on ________ or such
later date as the Company may designate by notice to the Warrant Agent and the
holders of Warrant Certificates mailed to their addresses as set forth in the
record books of the Warrant Agent (the "Expiration Date"). Each Warrant not
exercised at or before [_______] p.m., [City] time, on the Expiration Date shall
become void, and all rights of the holder of the Warrant Certificate evidencing
such Warrant under this Agreement shall cease.

         2.3 EXERCISE OF WARRANTS.

                   (a) During the period specified in Section 2.2, the Warrants
         may be exercised to purchase a whole number of Warrant Securities in
         registered form by providing certain information as set forth on the
         reverse side of the Warrant Certificate and by paying in full, in
         lawful money of the United States of America, [in cash or by certified
         check or official bank check in New York Clearing House funds] [by bank
         wire transfer in immediately available funds] the Warrant Price for
         each Warrant Security with respect to which a Warrant is being
         exercised to the Warrant Agent at its corporate trust office, provided
         that such exercise is subject to receipt within five business days of
         such payment by the Warrant Agent of the Warrant Certificate with the
         form of election to purchase Warrant Securities set forth on the
         reverse side of the Warrant Certificate properly completed and duly
         executed. The date on which payment in full of the Warrant Price is
         received by the Warrant Agent shall, subject to receipt of the Warrant
         Certificate as aforesaid, be deemed to be the date on which the Warrant
         is exercised; provided, however, that if, at the date of receipt of
         such Warrant Certificates and payment in full of the Warrant Price, the
         transfer books for the Warrant Securities purchasable upon the exercise
         of such Warrants shall be closed, no such receipt of such Warrant
         Certificates and no such payment of such Warrant Price shall be
         effective to constitute the person so designated to be named as the
         holder of record of such Warrant Securities on such date, but shall be
         effective to constitute such person as the holder of record of such
         Warrant Securities for all purposes at the opening of business on the
         next succeeding day on which the transfer books for the Warrant
         Securities purchasable upon the exercise of such Warrants shall be
         opened, and the certificates for the Warrant Securities in respect of
         which such Warrants are then exercised shall be issuable as of the date
         on such next succeeding day on which the transfer books shall next be
         opened, and until such date the Company shall be under no duty to
         deliver any certificate for such Warrant Securities. The Warrant Agent
         shall deposit all funds received by it in payment of the Warrant Price

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         in an account of the Company maintained with it and shall advise the
         Company by telephone at the end of each day on which a payment for the
         exercise of Warrants is received of the amount so deposited to its
         account. The Warrant Agent shall promptly confirm such telephone advice
         to the Company in writing.

                  (b) The Warrant Agent shall, from time to time, as promptly as
         practicable, advise the Company of (i) the number of Warrant Securities
         with respect to which Warrants were exercised, (ii) the instructions of
         each holder of the Warrant Certificates evidencing such Warrants with
         respect to delivery of the Warrant Securities to which such holder is
         entitled upon such exercise, (iii) delivery of Warrant Certificates
         evidencing the balance, if any, of the Warrants for the remaining
         Warrant Securities after such exercise, and (iv) such other information
         as the Company shall reasonably require.

                  (c) As soon as practicable after the exercise of any Warrant,
         the Company shall issue to or upon the order of the holder of the
         Warrant Certificate evidencing such Warrant the Warrant Securities to
         which such holder is entitled, in fully registered form, registered in
         such name or names as may be directed by such holder. If fewer than all
         of the Warrants evidenced by such Warrant Certificate are exercised,
         the Company shall execute, and an authorized officer of the Warrant
         Agent shall manually countersign and deliver, a new Warrant Certificate
         evidencing Warrants for the number of Warrant Securities remaining
         unexercised.

                  (d) The Company shall not be required to pay any stamp or
         other tax or other governmental charge required to be paid in
         connection with any transfer involved in the issue of the Warrant
         Securities, and in the event that any such transfer is involved, the
         Company shall not be required to issue or deliver any Warrant Security
         until such tax or other charge shall have been paid or it has been
         established to the Company's satisfaction that no such tax or other
         charge is due.

                  (e) Prior to the issuance of any Warrants there shall have
         been reserved, and the Company shall at all times through the
         Expiration Date keep reserved, out of its authorized but unissued
         Warrant Securities, a number of shares sufficient to provide for the
         exercise of the Warrants.

                                    ARTICLE 3
                       OTHER PROVISIONS RELATING TO RIGHTS
                       OF HOLDERS OF WARRANT CERTIFICATES

         3.1 NO RIGHTS AS WARRANT SECURITYHOLDER CONFERRED BY WARRANTS OR
WARRANT CERTIFICATES. No Warrant Certificate or Warrant evidenced thereby shall
entitle the holder thereof to any of the rights of a holder of Warrant
Securities, including, without limitation, the right to receive the payment of
dividends or distributions, if any, on the Warrant Securities or to exercise any
voting rights, except to the extent expressly set forth in this Agreement or the
applicable Warrant Certificate.

         3.2 LOST, STOLEN, MUTILATED OR DESTROYED WARRANT CERTIFICATES.
Upon receipt by the Warrant Agent of evidence reasonably satisfactory to it

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and the Company of the ownership of and the loss, theft, destruction or
mutilation of any Warrant Certificate and/or indemnity reasonably satisfactory
to the Warrant Agent and the Company and, in the case of mutilation, upon
surrender of the mutilated Warrant Certificate to the Warrant Agent for
cancellation, then, in the absence of notice to the Company or the Warrant Agent
that such Warrant Certificate has been acquired by a bona fide purchaser, the
Company shall execute, and an authorized officer of the Warrant Agent shall
manually countersign and deliver, in exchange for or in lieu of the lost,
stolen, destroyed or mutilated Warrant Certificate, a new Warrant Certificate of
the same tenor and evidencing Warrants for a like number of Warrant Securities.
Upon the issuance of any new Warrant Certificate under this Section 3.2, the
Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Warrant Agent) in connection
therewith. Every substitute Warrant Certificate executed and delivered pursuant
to this Section 3.2 in lieu of any lost, stolen or destroyed Warrant Certificate
shall represent an additional contractual obligation of the Company, whether or
not the lost, stolen or destroyed Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section 3.2 are
exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement of mutilated, lost, stolen or destroyed
Warrant Certificates.

         3.3 HOLDER OF WARRANT CERTIFICATE MAY ENFORCE RIGHTS.
Notwithstanding any of the provisions of this Agreement, any holder of a Warrant
Certificate, without the consent of the Warrant Agent, the holder of any Warrant
Securities or the holder of any other Warrant Certificate, may, in such holder's
own behalf and for such holder's own benefit, enforce, and may institute and
maintain any suit, action or proceeding against the Company suitable to enforce,
or otherwise in respect of, such holder's right to exercise the Warrants
evidenced by such holder's Warrant Certificate in the manner provided in such
holder's Warrant Certificate and in this Agreement.

         3.4 ADJUSTMENTS.

                  (a) In case the Company shall at any time subdivide its
         outstanding shares of [title of Preferred Stock purchasable through
         exercise of Warrants] into a greater number of shares, the Warrant
         Price in effect immediately prior to such subdivision shall be
         proportionately reduced and the number of Warrant Securities
         purchasable under the Warrants shall be proportionately increased.
         Conversely, in case the outstanding shares of [title of Preferred Stock
         purchasable through exercise of Warrants] of the Company shall be
         combined into a smaller number of shares, the Warrant Price in effect
         immediately prior to such combination shall be proportionately
         increased and the number of Warrant Securities purchasable under the
         Warrants shall be proportionately decreased.

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                  (b) If at any time or from time to time the holders of [title
         of Preferred Stock purchasable through exercise of Warrants] (or any
         shares of stock or other securities at the time receivable upon the
         exercise of the Warrants) shall have received or become entitled to
         receive, without payment therefore,

                           (i) [title of Preferred Stock purchasable through
                  exercise of Warrants] or any shares of stock or other
                  securities which are at any time directly or indirectly
                  convertible into or exchangeable for [title of Preferred Stock
                  purchasable through exercise of Warrants], or any rights or
                  options to subscribe for, purchase or otherwise acquire any of
                  the foregoing by way of dividend or other distribution;

                           (ii) any cash paid or payable otherwise than in
                  accordance with the terms of [title of Preferred Stock
                  purchasable through exercise of Warrants] or otherwise than as
                  a cash dividend paid or payable out of the Company's current
                  or retained earnings;

                           (iii) any evidence of the Company's indebtedness or
                  rights to subscribe for or purchase the Company's
                  indebtedness; or (iv) [title of Preferred Stock purchasable
                  through exercise of Warrants] or additional stock or other
                  securities or property (including cash) by way of spinoff,
                  split-up, reclassification, combination of shares or similar
                  corporate rearrangement (other than shares of [title of
                  Preferred Stock purchasable through exercise of Warrants]
                  issued as a stock split or adjustments in respect of which
                  shall be covered by the terms of Section 3.4(a) above), then
                  and in each such case, the holder of each Warrant shall, upon
                  the exercise of the Warrant, be entitled to receive, in
                  addition to the number of Warrant Securities receivable
                  thereupon, and without payment of any additional consideration
                  therefore, the amount of stock and other securities and
                  property (including cash and indebtedness (or rights to
                  subscribe for or purchase indebtedness) which such holder
                  would hold on the date of such exercise had he been the holder
                  of record of such Warrant Securities as of the date on which
                  holders of [title of Preferred Stock purchasable through
                  exercise of Warrants] received or became entitled to receive
                  such shares or all other additional stock and other securities
                  and property.

                  (c) In case of (i) any reclassification, capital
         reorganization, or change in the [title of Preferred Stock purchasable
         through the exercise of the Warrants] of the Company (other than as a
         result of a subdivision, combination or stock dividend provided for in
         Section 3.4(a) or Section 3.4(b) above), (ii) share exchange, merger or
         similar transaction of the Company with or into another person or
         entity (other than a share exchange, merger or similar transaction in
         which the Company is the acquiring or surviving corporation and which
         does not result in any change in the [title of Preferred Stock
         purchasable through the exercise of the Warrants] other than the
         issuance of additional shares of [title of Preferred Stock purchasable
         through the exercise of the Warrants]) or (iii) the sale, exchange,
         lease, transfer or other disposition of all or substantially all of the
         properties and assets of the Company as an entirety (in any such case,
         a "REORGANIZATION EVENT"), then, as a condition of such Reorganization
         Event, lawful provisions shall be made, and duly executed documents
         evidencing the same from the Company or its successor shall be
         delivered to the holders of the Warrants, so that the holders of the
         Warrants shall have the right at any time prior to the expiration of
         the Warrants to purchase, at a total price equal to that payable upon
         the exercise of the Warrants, the kind and amount of shares of stock
         and other securities and property

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         receivable in connection with such Reorganization Event by a holder of
         the same number of shares of [title of Preferred Stock purchasable
         through the exercise of the Warrants] as were purchasable by the
         holders of the Warrants immediately prior to such Reorganization Event.
         In any such case appropriate provisions shall be made with respect to
         the rights and interests of the holders of the Warrants so that the
         provisions hereof shall thereafter be applicable with respect to any
         shares of stock or other securities and property deliverable upon
         exercise the Warrants, and appropriate adjustments shall be made to the
         Warrant Price payable hereunder provided the aggregate purchase price
         shall remain the same. In the case of any transaction described in
         clauses (ii) and (iii) above, the Company shall thereupon be relieved
         of any further obligation hereunder or under the Warrants, and the
         Company as the predecessor corporation may thereupon or at any time
         thereafter be dissolved, wound up or liquidated. Such successor or
         assuming entity thereupon may cause to be signed, and may issue either
         in its own name or in the name of the Company, any or all of the
         Warrants issuable hereunder which heretofore shall not have been signed
         by the Company, and may execute and deliver securities in its own name,
         in fulfillment of its obligations to deliver Warrant Securities upon
         exercise of the Warrants. All the Warrants so issued shall in all
         respects have the same legal rank and benefit under this Agreement as
         the Warrants theretofore or thereafter issued in accordance with the
         terms of this Agreement as though all of such Warrants had been issued
         at the date of the execution hereof. In any case of any such
         Reorganization Event, such changes in phraseology and form (but not in
         substance) may be made in the Warrants thereafter to be issued as may
         be appropriate.

         The Warrant Agent may receive a written opinion of legal counsel as
conclusive evidence that any such Reorganization Event complies with the
provisions of this Section 3.4.

                  (d) The Company may, at its option, at any time until the
         Expiration Date, reduce the then current Warrant Price to any amount
         deemed appropriate by the Board of Directors of the Company for any
         period not exceeding twenty consecutive days (as evidenced in a
         resolution adopted by such Board of Directors), but only upon giving
         the notices required by Section 3.5 at least ten days prior to taking
         such action.

                  (e) Except as herein otherwise expressly provided, no
         adjustment in the Warrant Price shall be made by reason of the issuance
         of any securities of the Company or for any other reason whatsoever.

                  (f) No fractional Warrant Securities shall be issued upon the
         exercise of Warrants. If more than one Warrant shall be exercised at
         one time by the same holder, the number of full Warrant Securities
         which shall be issuable upon such exercise shall be computed on the
         basis of the aggregate number of Warrant Securities purchased pursuant
         to the Warrants so exercised. Instead of any fractional Warrant
         Security which would otherwise be issuable upon exercise of any
         Warrant, the Company shall pay a cash adjustment in respect of such
         fraction in an amount equal to the same fraction of the last sales
         price (or bid price if there were no sales) per Warrant Security, in
         either case as reported on the New York Stock Exchange Composite Tape
         on the business day which next precedes the day of exercise or, if the
         Warrant Securities are not then listed or admitted to trading on the
         New York Stock Exchange, on the principal national securities

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         exchange on which the Warrant Securities are listed or admitted to
         trading or, if not listed or admitted to trading on any national
         securities exchange, on the National Market System of the National
         Association of Securities Dealers, Inc. Automated Quotations System
         ("NASDAQ"), or if the Warrant Securities are not then listed or
         admitted to trading on any national securities exchange or quoted on
         the National Market System of NASDAQ, the average of the closing high
         bid and low asked prices in the over-the-counter market, as reported by
         NASDAQ, or such other system then in use, or if on any such date the
         Warrant Securities are not quoted by any such organization, an amount
         equal to the same fraction of the average of the closing bid and asked
         prices as furnished by any New York Stock Exchange or NASDAQ firm
         selected from time to time by the Company for that purpose at the close
         of business on the business day which next precedes the day of
         exercise.

                  (g) Whenever the Warrant Price then in effect is adjusted as
         herein provided, the Company shall mail to each holder of the Warrants
         at such holder's address as it shall appear on the books of the Company
         a statement setting forth the adjusted Warrant Price then and
         thereafter effective under the provisions hereof, together with the
         facts, in reasonable detail, upon which such adjustment is based.

         3.5 NOTICE TO WARRANTHOLDERS. In case the Company shall (a) effect
any dividend or distribution described in Section 3.4(b), (b) effect any
Reorganization Event, (c) make any distribution on or in respect of the [title
of Preferred Stock purchasable through the exercise of the Warrants] in
connection with the dissolution, liquidation or winding up of the Company, or
(d) reduce the then current Warrant Price pursuant to Section 3.4(d), then the
Company shall mail to each holder of Warrants at such holder's address as it
shall appear on the books of the Warrant Agent, at least ten days prior to the
applicable date hereinafter specified, a notice stating (x) the record date for
such dividend or distribution, or, if a record is not to be taken, the date as
of which the holders of record of [title of Preferred Stock purchasable through
the exercise of Warrants] that will be entitled to such dividend or distribution
are to be determined, (y) the date on which such Reorganization Event,
dissolution, liquidation or winding up is expected to become effective, and the
date as of which it is expected that holders of [title of Preferred Stock
purchasable through the exercise of the Warrants] of record shall be entitled to
exchange their shares of [title of Preferred Stock purchasable through the
exercise of the Warrants] for securities or other property deliverable upon such
Reorganization Event, dissolution, liquidation or winding up, or (z) the first
date on which the then current Warrant Price shall be reduced pursuant to
Section 3.4(d). No failure to mail such notice nor any defect therein or in the
mailing thereof shall affect any such transaction or any adjustment in the
Warrant Price required by Section 3.4.

         3.6 [IF THE WARRANTS ARE SUBJECT TO ACCELERATION BY THE COMPANY,
INSERT--ACCELERATION OF WARRANTS BY THE COMPANY.]

                  (a) At any time on or after __________, the Company shall have
         the right to accelerate any or all Warrants at any time by causing them
         to expire at the close of business on the day next preceding a
         specified date (the "ACCELERATION DATE"), if the Market Price (as
         hereinafter defined) of the [title of Preferred Stock purchasable
         through the exercise of the Warrants] equals or exceeds ____________
         percent ( _______ %)

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         of the then effective Warrant Price on any twenty Trading Days (as
         hereinafter defined) within a period of thirty consecutive Trading Days
         ending no more than five Trading Days prior to the date on which the
         Company gives notice to the Warrant Agent of its election to accelerate
         the Warrants.

                  (b) "Market Price" for each Trading Day shall be, if the
         [title of Preferred Stock purchasable through the exercise of the
         Warrants] is listed or admitted for trading on the New York Stock
         Exchange, the last reported sale price, regular way (or, if no such
         price is reported, the average of the reported closing bid and asked
         prices, regular way) of [title of Preferred Stock purchasable through
         the exercise of the Warrants], in either case as reported on the New
         York Stock Exchange Composite Tape or, if the [title of Preferred Stock
         purchasable through the exercise of the Warrants] is not listed or
         admitted to trading on the New York Stock Exchange, on the principal
         national securities exchange on which the [title of Preferred Stock
         purchasable through the exercise of the Warrants] is listed or admitted
         to trading or, if not listed or admitted to trading on any national
         securities exchange, on the National Market System of NASDAQ or, if not
         listed or admitted to trading on any national securities exchange or
         quoted on the National Market System of NASDAQ, the average of the
         closing high bid and low asked prices in the over-the-counter market,
         as reported by NASDAQ, or such other system then in use, or if on any
         such date the shares of [title of Preferred Stock purchasable through
         the exercise of the Warrants] are not quoted by any such organization,
         the average of the closing bid and asked prices as furnished by any New
         York Stock Exchange or NASDAQ firm selected from time to time by the
         Company for that purpose. "Trading Day" shall be each Monday through
         Friday, other than any day on which securities are not traded in the
         system or on the exchange that is the principal market for the [title
         of Preferred Stock purchasable through the exercise of the Warrants],
         as determined by the Board of Directors of the Company.

                  (c) In the event of an acceleration of less than all of the
         Warrants, the Warrant Agent shall select the Warrants to be accelerated
         by lot, pro rata or in such other manner as it deems, in its
         discretion, to be fair and appropriate.

                  (d) Notice of an acceleration specifying the Acceleration Date
         shall be sent by mail first class, postage prepaid, to each registered
         holder of a Warrant Certificate representing a Warrant accelerated at
         such holder's address appearing on the books of the Warrant Agent not
         more than sixty days nor less than thirty days before the Acceleration
         Date. Such notice of an acceleration also shall be given no more than
         twenty days, and no less than ten days, prior to the mailing of notice
         to registered holders of Warrants pursuant to this Section 3.6, by
         publication at least once in a newspaper of general circulation in the
         City of New York.

                  (e) Any Warrant accelerated may be exercised until [________]
         p.m., [City] time, on the business day next preceding the Acceleration
         Date. The Warrant Price shall be payable as provided in Section 2.]

                                       9
<PAGE>

                                    ARTICLE 4
                  EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

         4.1 EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES. [If Other
Securities with Warrants which are immediately detachable--Upon] [If Other
Securities with Warrants which are not immediately detachable--Prior to the
Detachable Date, a Warrant Certificate may be exchanged or transferred only
together with the Other Security to which the Warrant Certificate was initially
attached, and only for the purpose of effecting or in conjunction with an
exchange or transfer of such Other Security. Prior to any Detachable Date, each
transfer of the Other Security shall operate also to transfer the related
Warrant Certificates. After the Detachable Date, upon] surrender at the
corporate trust office of the Warrant Agent, Warrant Certificates evidencing
Warrants may be exchanged for Warrant Certificates in other denominations
evidencing such Warrants or the transfer thereof may be registered in whole or
in part; provided that such other Warrant Certificates evidence Warrants for the
same aggregate number of Warrant Securities as the Warrant Certificates so
surrendered. The Warrant Agent shall keep, at its corporate trust office, books
in which, subject to such reasonable regulations as it may prescribe, it shall
register Warrant Certificates and exchanges and transfers of outstanding Warrant
Certificates, upon surrender of the Warrant Certificates to the Warrant Agent at
its corporate trust office for exchange or registration of transfer, properly
endorsed or accompanied by appropriate instruments of registration of transfer
and written instructions for transfer, all in form satisfactory to the Company
and the Warrant Agent. No service charge shall be made for any exchange or
registration of transfer of Warrant Certificates, but the Company may require
payment of a sum sufficient to cover any stamp or other tax or other
governmental charge that may be imposed in connection with any such exchange or
registration of transfer. Whenever any Warrant Certificates are so surrendered
for exchange or registration of transfer, an authorized officer of the Warrant
Agent shall manually countersign and deliver to the person or persons entitled
thereto a Warrant Certificate or Warrant Certificates duly authorized and
executed by the Company, as so requested. The Warrant Agent shall not be
required to effect any exchange or registration of transfer which will result in
the issuance of a Warrant Certificate evidencing a Warrant for a fraction of a
Warrant Security or a number of Warrants for a whole number of Warrant
Securities and a fraction of a Warrant Security. All Warrant Certificates issued
upon any exchange or registration of transfer of Warrant Certificates shall be
the valid obligations of the Company, evidencing the same obligations and
entitled to the same benefits under this Agreement as the Warrant Certificate
surrendered for such exchange or registration of transfer.

         4.2  TREATMENT OF HOLDERS OF WARRANT CERTIFICATES. [If Other
Securities and Warrants are not immediately detachable--Prior to the Detachable
Date, the Company, the Warrant Agent and all other persons may treat the owner
of the Other Security as the owner of the Warrant Certificates initially
attached thereto for any purpose and as the person entitled to exercise the
rights represented by the Warrants evidenced by such Warrant Certificates, any
notice to the contrary notwithstanding. After the Detachable Date and prior to
due presentment of a Warrant Certificate for registration of transfer, the]
[T]he Company, the Warrant Agent and all other persons may treat the registered
holder of a Warrant Certificate as the absolute owner thereof for any purpose
and as the person entitled to exercise the rights represented by the Warrants
evidenced thereby, any notice to the contrary notwithstanding.

                                       10
<PAGE>

         4.3 CANCELLATION OF WARRANT CERTIFICATES. Any Warrant Certificate
surrendered for exchange, registration of transfer or exercise of the Warrants
evidenced thereby shall, if surrendered to the Company, be delivered to the
Warrant Agent and all Warrant Certificates surrendered or so delivered to the
Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be
reissued and, except as expressly permitted by this Agreement, no Warrant
Certificate shall be issued hereunder in exchange therefor or in lieu thereof.
The Warrant Agent shall deliver to the Company from time to time or otherwise
dispose of canceled Warrant Certificates in a manner satisfactory to the
Company.

                                    ARTICLE 5
                          CONCERNING THE WARRANT AGENT

         5.1 WARRANT AGENT. The Company hereby appoints ___________as
Warrant Agent of the Company in respect of the Warrants and the Warrant
Certificates upon the terms and subject to the conditions herein set forth, and
____________ hereby accepts such appointment. The Warrant Agent shall have the
powers and authority granted to and conferred upon it in the Warrant
Certificates and hereby and such further powers and authority to act on behalf
of the Company as the Company may hereafter grant to or confer upon it. All of
the terms and provisions with respect to such powers and authority contained in
the Warrant Certificates are subject to and governed by the terms and provisions
hereof.

         5.2 CONDITIONS OF WARRANT AGENT'S OBLIGATIONS. The Warrant Agent
accepts its obligations herein set forth upon the terms and conditions hereof,
including the following to all of which the Company agrees and to all of which
the rights hereunder of the holders from time to time of the Warrant
Certificates shall be subject:

                  (a) COMPENSATION AND INDEMNIFICATION. The Company agrees
         promptly to pay the Warrant Agent the compensation to be agreed upon
         with the Company for all services rendered by the Warrant Agent and to
         reimburse the Warrant Agent for reasonable out-of-pocket expenses
         (including reasonable counsel fees) incurred without negligence, bad
         faith or willful misconduct by the Warrant Agent in connection with the
         services rendered hereunder by the Warrant Agent. The Company also
         agrees to indemnify the Warrant Agent for, and to hold it harmless
         against, any loss, liability or expense incurred without negligence,
         bad faith or willful misconduct on the part of the Warrant Agent,
         arising out of or in connection with its acting as Warrant Agent
         hereunder, including the reasonable costs and expenses of defending
         against any claim of such liability.

                  (b) AGENT FOR THE COMPANY. In acting under this Warrant
         Agreement and in connection with the Warrant Certificates, the Warrant
         Agent is acting solely as agent of the Company and does not assume any
         obligations or relationship of agency or trust for or with any of the
         holders of Warrant Certificates or beneficial owners of Warrants.

                  (c) COUNSEL. The Warrant Agent may consult with counsel
         satisfactory to it, which may include counsel for the Company, and the
         written advice of such counsel shall be full and complete authorization
         and protection in respect of any action taken,

                                       11
<PAGE>

         suffered or omitted by it hereunder in good faith and in accordance
         with the advice of such counsel.

                  (d) DOCUMENTS. The Warrant Agent shall be protected and shall
         incur no liability for or in respect of any action taken or omitted by
         it in reliance upon any Warrant Certificate, notice, direction,
         consent, certificate, affidavit, statement or other paper or document
         reasonably believed by it to be genuine and to have been presented or
         signed by the proper parties.

                  (e) CERTAIN TRANSACTIONS. The Warrant Agent, and its officers,
         directors and employees, may become the owner of, or acquire any
         interest in, Warrants, with the same rights that it or they would have
         if it were not the Warrant Agent hereunder, and, to the extent
         permitted by applicable law, it or they may engage or be interested in
         any financial or other transaction with the Company and may act on, or
         as depositary, trustee or agent for, any committee or body of holders
         of Warrant Securities or other obligations of the Company as freely as
         if it were not the Warrant Agent hereunder. Nothing in this Warrant
         Agreement shall be deemed to prevent the Warrant Agent from acting as
         trustee under any indenture to which the Company is a party.

                  (f) NO LIABILITY FOR INTEREST. Unless otherwise agreed with
         the Company, the Warrant Agent shall have no liability for interest on
         any monies at any time received by it pursuant to any of the provisions
         of this Agreement or of the Warrant Certificates.

                  (g) NO LIABILITY FOR INVALIDITY. The Warrant Agent shall have
         no liability with respect to any invalidity of this Agreement or any of
         the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon).

                  (h) NO RESPONSIBILITY FOR REPRESENTATIONS. The Warrant Agent
         shall not be responsible for any of the recitals or representations
         herein or in the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon), all of which are made solely by the Company.

                           (i) NO IMPLIED OBLIGATIONS. The Warrant Agent shall
                  be obligated to perform only such duties as are herein and in
                  the Warrant Certificates specifically set forth and no implied
                  duties or obligations shall be read into this Agreement or the
                  Warrant Certificates against the Warrant Agent. The Warrant
                  Agent shall not be under any obligation to take any action
                  hereunder which may tend to involve it in any expense or
                  liability, the payment of which within a reasonable time is
                  not, in its reasonable opinion, assured to it. The Warrant
                  Agent shall not be accountable or under any duty or
                  responsibility for the use by the Company of any of the
                  Warrant Certificates authenticated by the Warrant Agent and
                  delivered by it to the Company pursuant to this Agreement or
                  for the application by the Company of the proceeds of the
                  Warrant Certificates. The Warrant Agent shall have no duty or
                  responsibility in case of any default by the Company in the
                  performance of its covenants or agreements contained herein or
                  in the Warrant Certificates or in the case of the receipt of
                  any written demand

                                       12
<PAGE>

                  from a holder of a Warrant Certificate with respect to such
                  default, including, without limiting the generality of the
                  foregoing, any duty or responsibility to initiate or attempt
                  to initiate any proceedings at law or otherwise or, except as
                  provided in Section 6.2 hereof, to make any demand upon the
                  Company.

         5.3 RESIGNATION, REMOVAL AND APPOINTMENT OF SUCCESSOR.

                  (a) The Company agrees, for the benefit of the holders from
         time to time of the Warrant Certificates, that there shall at all times
         be a Warrant Agent hereunder until all the Warrants have been exercised
         or are no longer exercisable.

                  (b) The Warrant Agent may at any time resign as agent by
         giving written notice to the Company of such intention on its part,
         specifying the date on which its desired resignation shall become
         effective; provided that such date shall not be less than three months
         after the date on which such notice is given unless the Company
         otherwise agrees. The Warrant Agent hereunder may be removed at any
         time by the filing with it of an instrument in writing signed by or on
         behalf of the Company and specifying such removal and the intended date
         when it shall become effective. Such resignation or removal shall take
         effect upon the appointment by the Company, as hereinafter provided, of
         a successor Warrant Agent (which shall be a bank or trust company
         authorized under the laws of the jurisdiction of its organization to
         exercise corporate trust powers) and the acceptance of such appointment
         by such successor Warrant Agent. The obligation of the Company under
         Section 5.2(a) shall continue to the extent set forth therein
         notwithstanding the resignation or removal of the Warrant Agent.

                  (c) In case at any time the Warrant Agent shall resign, or
         shall be removed, or shall become incapable of acting, or shall be
         adjudged a bankrupt or insolvent, or shall commence a voluntary case
         under the Federal bankruptcy laws, as now or hereafter constituted, or
         under any other applicable Federal or state bankruptcy, insolvency or
         similar law or shall consent to the appointment of or taking possession
         by a receiver, custodian, liquidator, assignee, trustee, sequestrator
         (or other similar official) of the Warrant Agent or its property or
         affairs, or shall make an assignment for the benefit of creditors, or
         shall admit in writing its inability to pay its debts generally as they
         become due, or shall take corporate action in furtherance of any such
         action, or a decree or order for relief by a court having jurisdiction
         in the premises shall have been entered in respect of the Warrant Agent
         in an involuntary case under the Federal bankruptcy laws, as now or
         hereafter constituted, or any other applicable Federal or state
         bankruptcy, insolvency or similar law, or a decree or order by a court
         having jurisdiction in the premises shall have been entered for the
         appointment of a receiver, custodian, liquidator, assignee, trustee,
         sequestrator (or similar official) of the Warrant Agent or of its
         property or affairs, or any public officer shall take charge or control
         of the Warrant Agent or of its property or affairs for the purpose of
         rehabilitation, conservation, winding up or liquidation, a successor
         Warrant Agent, qualified as aforesaid, shall be appointed by the
         Company by an instrument in writing, filed with the successor Warrant
         Agent. Upon the appointment as aforesaid of a successor Warrant Agent
         and acceptance by the successor Warrant Agent of such appointment, the
         Warrant Agent shall cease to be Warrant Agent hereunder.

                                       13
<PAGE>

                  (d) Any successor Warrant Agent appointed hereunder shall
         execute, acknowledge and deliver to its predecessor and to the Company
         an instrument accepting such appointment hereunder, and thereupon such
         successor Warrant Agent, without any further act, deed or conveyance,
         shall become vested with all the authority, rights, powers, trusts,
         immunities, duties and obligations of such predecessor with like effect
         as if originally named as Warrant Agent hereunder, and such
         predecessor, upon payment of its charges and disbursements then unpaid,
         shall thereupon become obligated to transfer, deliver and pay over, and
         such successor Warrant Agent shall be entitled to receive, all monies,
         securities and other property on deposit with or held by such
         predecessor, as Warrant Agent hereunder.

                  (e) Any corporation into which the Warrant Agent hereunder may
         be merged or converted or any corporation with which the Warrant Agent
         may be consolidated, or any corporation resulting from any merger,
         conversion or consolidation to which the Warrant Agent shall be a
         party, or any corporation to which the Warrant Agent shall sell or
         otherwise transfer all or substantially all the assets and business of
         the Warrant Agent, provided that it shall be qualified as aforesaid,
         shall be the successor Warrant Agent under this Agreement without the
         execution or filing of any paper or any further act on the part of any
         of the parties hereto.

                                    ARTICLE 6
                                  MISCELLANEOUS

         6.1 AMENDMENT. This Agreement may be amended by the parties
hereto, without the consent of the holder of any Warrant Certificate, for the
purpose of curing any ambiguity, or of curing, correcting or supplementing any
defective provision contained herein, or making any other provisions with
respect to matters or questions arising under this Agreement as the Company and
the Warrant Agent may deem necessary or desirable; provided that such action
shall not materially adversely affect the interests of the holders of the
Warrant Certificates.

         6.2 NOTICES AND DEMANDS TO THE COMPANY AND WARRANT AGENT. If the
Warrant Agent shall receive any notice or demand addressed to the Company by the
holder of a Warrant Certificate pursuant to the provisions of the Warrant
Certificates, the Warrant Agent shall promptly forward such notice or demand to
the Company.

         6.3 ADDRESSES. Any communication from the Company to the Warrant
Agent with respect to this Agreement shall be addressed to ____________,
Attention: _____________ and any communication from the Warrant Agent to the
Company with respect to this Agreement shall be addressed to RemedyTemp, Inc.,
101 Enterprise, Aliso Viejo, California 92656, Attention: Investor Relations (or
such other address as shall be specified in writing by the Warrant Agent or by
the Company).

         6.4 GOVERNING LAW. This Agreement and each Warrant Certificate
issued hereunder shall be governed by and construed in accordance with the laws
of the State of New York.

                                       14
<PAGE>

         6.5 DELIVERY OF PROSPECTUS. The Company shall furnish to the
Warrant Agent sufficient copies of a prospectus meeting the requirements of the
Securities Act of 1933, as amended, relating to the Warrant Securities
deliverable upon exercise of the Warrants (the "Prospectus"), and the Warrant
Agent agrees that upon the exercise of any Warrant, the Warrant Agent will
deliver to the holder of the Warrant Certificate evidencing such Warrant, prior
to or concurrently with the delivery of the Warrant Securities issued upon such
exercise, a Prospectus.

         The Warrant Agent shall not, by reason of any such delivery, assume any
responsibility for the accuracy or adequacy of such Prospectus.

         6.6 OBTAINING OF GOVERNMENTAL APPROVALS. The Company will from
time to time take all action which may be necessary to obtain and keep effective
any and all permits, consents and approvals of governmental agencies and
authorities and securities act filings under United States Federal and state
laws (including without limitation a registration statement in respect of the
Warrants and Warrant Securities under the Securities Act of 1933, as amended),
which may be or become requisite in connection with the issuance, sale,
transfer, and delivery of the Warrant Securities issued upon exercise of the
Warrants, the issuance, sale, transfer and delivery of the Warrants or upon the
expiration of the period during which the Warrants are exercisable.

         6.7 PERSONS HAVING RIGHTS UNDER WARRANT AGREEMENT. Nothing in this
Agreement shall give to any person other than the Company, the Warrant Agent and
the holders of the Warrant Certificates any right, remedy or claim under or by
reason of this Agreement.

         6.8 HEADINGS. The descriptive headings of the several Articles and
Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

         6.9 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which as so executed shall be deemed to be an original,
but such counterparts shall together constitute but one and the same instrument.

         6.10 INSPECTION OF AGREEMENT. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of the
Warrant Agent for inspection by the holder of any Warrant Certificate. The
Warrant Agent may require such holder to submit his Warrant Certificate for
inspection by it.

                                       15
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed, all as of the day and year first above written.

                                        REMEDYTEMP, INC.

                                        By
                                            ------------------------------------

                                        Its
                                             -----------------------------------

Attest:

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

                                        ----------------------------------------
                                        Warrant Agent

                                        By
                                           -------------------------------------

                                        Its
                                            ------------------------------------
Attest:

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

[SIGNATURE PAGE TO PREFERRED STOCK WARRANT AGREEMENT]

                                       16
<PAGE>

                                    EXHIBIT A
                           FORM OF WARRANT CERTIFICATE

                          [FACE OF WARRANT CERTIFICATE]

[Form if Warrants are attached to          Prior to _________, this Warrant
Other Securities and are not               Certificate cannot be transferred or
immediately detachable.                    exchanged unless attached to a [Title
                                           of Other Securities].]

[Form of Legend if Warrants are not        Prior to __________, Warrants
exercisable.                               immediately evidenced by this
                                           Warrant Certificate cannot be
                                           exercised.]

                EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT

                            AGENT AS PROVIDED HEREIN

               VOID AFTER [________] P.M., [CITY] TIME, ON     ,

                                REMEDYTEMP, INC.

                        WARRANT CERTIFICATE REPRESENTING

                              WARRANTS TO PURCHASE

                         [TITLE OF WARRANT SECURITIES]

No. __________ Warrants

         This certifies that ______________ or registered assigns is the
registered owner of the above indicated number of Warrants, each Warrant
entitling such owner [if Warrants are attached to Other Securities and are not
immediately detachable--, subject to the registered owner qualifying as a
"Holder" of this Warrant Certificate, as hereinafter defined),] to purchase, at
any time [after [_________] p.m., [City] time, on __________ and] on or before
[________] p.m., [City] time, on ___________, _______ shares of [Title of
Warrant Securities] (the "WARRANT SECURITIES"), of RemedyTemp, Inc. (the
"COMPANY") on the following basis: during the period from ___________, through
and including ___________, the exercise price per Warrant Security will be $
___________, subject to adjustment as provided in the Warrant Agreement (as
hereinafter defined) (the "WARRANT PRICE"). The Holder may exercise the Warrants
evidenced hereby by providing certain information set forth on the back hereof
and by paying in full, in lawful money of the United States of America, [in cash
or by certified check or official bank check in New York Clearing House funds]
[by bank wire transfer in immediately available funds], the Warrant Price for
each Warrant Security with respect to which this Warrant is exercised to the
Warrant Agent (as hereinafter defined) and by surrendering this Warrant
Certificate, with the purchase form on the back hereof duly executed, at the
corporate trust office of [name of Warrant Agent], or its successor as warrant
agent (the "WARRANT AGENT"), which is, on the date hereof, at the address
specified on the reverse hereof, and upon compliance with and subject to the
conditions set forth herein and in the Warrant Agreement (as hereinafter
defined).

                                       1
<PAGE>

         The term "HOLDER" as used herein shall mean [if Warrants are attached
to Other Securities and are not immediately detachable--prior to ___________,
______ (the "DETACHABLE DATE"), the registered owner of the Company's [title of
Other Securities]to which this Warrant Certificate was initially attached, and
after such Detachable Date,] the person in whose name at the time this Warrant
Certificate shall be registered upon the books to be maintained by the Warrant
Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

         The Warrants evidenced by this Warrant Certificate may be exercised to
purchase a whole number of Warrant Securities in registered form. Upon any
exercise of fewer than all of the Warrants evidenced by this Warrant
Certificate, there shall be issued to the Holder hereof a new Warrant
Certificate evidencing Warrants for the number of Warrant Securities remaining
unexercised.

         This Warrant Certificate is issued under and in accordance with the
Warrant Agreement dated as of ___________, ______ (the "WARRANT AGREEMENT"),
between the Company and the Warrant Agent and is subject to the terms and
provisions contained in the Warrant Agreement, to all of which terms and
provisions the Holder of this Warrant Certificate consents by acceptance hereof.
Copies of the Warrant Agreement are on file at the above-mentioned office of the
Warrant Agent.

         [If Warrants are attached to Other Securities and are not immediately
detachable--Prior to the Detachable Date, this Warrant Certificate may be
exchanged or transferred only together with the [Title of Other Securities] (the
"OTHER SECURITIES") to which this Warrant Certificate was initially attached,
and only for the purpose of effecting or in conjunction with, an exchange or
transfer of such Other Security. Additionally, on or prior to the Detachable
Date, each transfer of such Other Security on the register of the Other
Securities shall operate also to transfer this Warrant Certificate. After such
date, transfer of this] [If Warrants are attached to Other Securities and are
immediately detachable--Transfer of this] Warrant Certificate may be registered
when this Warrant Certificate is surrendered at the corporate trust office of
the Warrant Agent by the registered owner or such owner's assigns, in the manner
and subject to the limitations provided in the Warrant Agreement.

         [If Other Securities with Warrants which are not immediately
detachable--Except as provided in the immediately preceding paragraph, after]
[If Other Securities with Warrants which are immediately detachable or Warrants
alone--After] countersignature by the Warrant Agent and prior to the expiration
of this Warrant Certificate, this Warrant Certificate may be exchanged at the
corporate trust office of the Warrant Agent for Warrant Certificates
representing Warrants for the same aggregate number of Warrant Securities.

         This Warrant Certificate shall not entitle the Holder hereof to any of
the rights of a holder of the Warrant Securities, including, without limitation,
the right to receive payments of dividends or distributions, if any, on the
Warrant Securities (except to the extent set forth in the Warrant Agreement) or
to exercise any voting rights.

                                       2
<PAGE>

         Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

         This Warrant Certificate shall not be valid or obligatory for any
purpose until countersigned by the Warrant Agent.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
in its name and on its behalf by the facsimile signatures of its duly authorized
officers.

Dated:                                   REMEDYTEMP, INC.
       -----------------------------
                                         By
                                            ------------------------------------
                                         Its
                                             -----------------------------------

Attest:

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

Countersigned:

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

As Warrant Agent

By:
    ---------------------------
        Authorized Signature

                                       3
<PAGE>

                        [REVERSE OF WARRANT CERTIFICATE]

                     (Instructions for Exercise of Warrant)

         To exercise any Warrants evidenced hereby for Warrant Securities (as
hereinafter defined), the Holder must pay, in lawful money of the United States
of America, [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds],
the Warrant Price in full for Warrants exercised, to [Warrant Agent] [address of
Warrant Agent], Attn: ___________, which payment must specify the name of the
Holder and the number of Warrants exercised by such Holder. In addition, the
Holder must complete the information required below and present this Warrant
Certificate in person or by mail (certified or registered mail is recommended)
to the Warrant Agent at the appropriate address set forth above. This Warrant
Certificate, completed and duly executed, must be received by the Warrant Agent
within five business days of the payment.

                   (To be executed upon exercise of Warrants)

         The undersigned hereby irrevocably elects to exercise
___________Warrants, evidenced by this Warrant Certificate, to purchase
___________ shares of the [Title of Warrant Securities] (the "WARRANT
SECURITIES"), of RemedyTemp, Inc. and represents that he has tendered payment
for such Warrant Securities, in lawful money of the United States of America,
[in cash or by certified check or official bank check in New York Clearing House
funds] [by bank wire transfer in immediately available funds], to the order of
RemedyTemp, Inc., c/o [insert name and address of Warrant Agent], in the amount
of $ ___________ in accordance with the terms hereof. The undersigned requests
that said Warrant Securities be in fully registered form in the authorized
denominations, registered in such names and delivered all as specified in
accordance with the instructions set forth below.

         If the number of Warrants exercised is less than all of the Warrants
evidenced hereby, the undersigned requests that a new Warrant Certificate
evidencing the Warrants for the number of Warrant Securities remaining
unexercised be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

Dated:
       ------------------------------
Name
     --------------------------------
             (Please Print)

Address
        --------------------------------

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

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

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

----------------------------------------
(Insert Social Security or Other
Identifying Number of Holder)

Signature Guaranteed
                     ------------------------------------------------
Signature
          --------------------------------------
(Signature must conform in all respects to name of holder as specified on the
face of this Warrant Certificate and must bear a signature guarantee by a bank,
trust company or member broker of the New York, Midwest or Pacific Stock
Exchange)

                                       1
<PAGE>

This Warrant may be exercised at the following addresses:

By hand at
           -----------------------------------------------

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

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

By mail at
           -----------------------------------------------

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

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

[Instructions as to form and delivery of Warrant Securities and, if applicable,
Warrant Certificates evidencing Warrants for the number of Warrant Securities
remaining unexercised--complete as appropriate.]

                                       2
<PAGE>

                                   ASSIGNMENT

                      [Form of assignment to be executed if

                   Warrant Holder desires to transfer Warrant)

    FOR VALUE RECEIVED, ___________ hereby sells, assigns and transfers unto:

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

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

--------------------------------------        ----------------------------------
(Please print name and address                Please insert Social Security or
including zip code)                           other identifying number

      the right represented by the within Warrant to purchase ___________ shares
of [Title of Warrant Securities] of RemedyTemp, Inc. to which the within Warrant
relates and appoints ______________________ attorney to transfer such right on
the books of the Warrant Agent with full power of substitution in the premises.

Dated
      ---------------------------------   --------------------------------------
                                          Signature

                                          (Signature must conform in all
                                          respects to name of holder as
                                          specified on the face of the
                                          Warrant)

Signature Guaranteed

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

                                       1<PAGE>

                                  EXHIBIT 4.17

                                REMEDYTEMP, INC.

                                       AND

                       _________________, AS WARRANT AGENT

                            FORM OF DEPOSITARY SHARES

                                WARRANT AGREEMENT

                                   DATED AS OF

                                [---------------]

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
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ARTICLE 1             ISSUANCE OF WARRANTS AND EXECUTION AND DELIVERY
                      OF WARRANT CERTIFICATES...................................................................... 1

            1.1       Issuance of Warrants......................................................................... 1

            1.2       Execution and Delivery of Warrant Certificates............................................... 1

            1.3       Issuance of Warrant Certificates............................................................. 2

ARTICLE 2             WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS............................................. 3

            2.1       Warrant Price................................................................................ 3

            2.2       Duration of Warrants......................................................................... 3

            2.3       Exercise of Warrants......................................................................... 3

ARTICLE 3             OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES....................... 4

            3.1       No Rights as Warrant Securityholder Conferred by Warrants or Warrant Certificates............ 4

            3.2       Lost, Stolen, Mutilated or Destroyed Warrant Certificates.................................... 4

            3.3       Holder of Warrant Certificate May Enforce Rights............................................. 5

            3.4       Adjustments.................................................................................. 5

            3.5       Notice to Warrantholders..................................................................... 8

            3.6       [If the Warrants are subject to acceleration by the Company, insert --
                      Acceleration of Warrants by the Company]..................................................... 9

ARTICLE 4             EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES................................................10

            4.1       Exchange and Transfer of Warrant Certificates................................................10

            4.2       Treatment of Holders of Warrant Certificates.................................................10

            4.3       Cancellation of Warrant Certificates.........................................................11

ARTICLE 5             CONCERNING THE WARRANT AGENT.................................................................11

            5.1       Warrant Agent................................................................................11
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
            5.2       Conditions of Warrant Agent's Obligations....................................................11

            5.3       Resignation, Removal and Appointment of Successor............................................13

ARTICLE 6             MISCELLANEOUS................................................................................14

            6.1       Amendment....................................................................................14

            6.2       Notices and Demands to the Company and Warrant Agent.........................................14

            6.3       Addresses....................................................................................14

            6.4       Governing Law................................................................................15

            6.5       Delivery of Prospectus.......................................................................15

            6.6       Obtaining of Governmental Approvals..........................................................15

            6.7       Persons Having Rights Under Warrant Agreement................................................15

            6.8       Headings.....................................................................................15

            6.9       Counterparts.................................................................................15

           6.10       Inspection of Agreement......................................................................15
</TABLE>

<PAGE>

                                REMEDYTEMP, INC.

                   Form of Depositary Shares Warrant Agreement

         DEPOSITARY SHARES WARRANT AGREEMENT, dated as of __________ between
REMEDYTEMP, INC., a California corporation (the "COMPANY") and
__________________, a [corporation] [national banking association] organized and
existing under the laws of __________________ and having a corporate trust
office in ______________, as warrant agent (the "WARRANT AGENT").

         WHEREAS, the Company proposes to sell [if Warrants are sold with other
securities -- [title of such other securities being offered] (the "OTHER
SECURITIES") with] warrant certificates evidencing one or more warrants (the
"WARRANTS" or, individually, a "WARRANT") representing the right to purchase
[title of Depositary Shares purchasable through exercise of Warrants] (the
"WARRANT SECURITIES"), such warrant certificates and other warrant certificates
issued pursuant to this Agreement being herein called the "WARRANT
CERTIFICATES"; and

         WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company, and the Warrant Agent is willing so to act, in connection with the
issuance, registration, transfer, exchange, exercise and replacement of the
Warrant Certificates, and in this Agreement wishes to set forth, among other
things, the form and provisions of the Warrant Certificates and the terms and
conditions on which they may be issued, registered, transferred, exchanged,
exercised and replaced;

         NOW THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

                                    ARTICLE 1
                     ISSUANCE OF WARRANTS AND EXECUTION AND
                        DELIVERY OF WARRANT CERTIFICATES

         1.1 ISSUANCE OF WARRANTS. [If Warrants alone -- Upon issuance, each
Warrant Certificate shall evidence one or more Warrants.] [If Other Securities
and Warrants -- Warrants shall be [initially] issued in connection with the
issuance of the Other Securities [but shall be separately transferable on and
after _________________ (the "DETACHABLE DATE")] [and shall not be separately
transferable] and each Warrant Certificate shall evidence one or more Warrants.]
Each Warrant evidenced thereby shall represent the right, subject to the
provisions contained herein and therein, to purchase one Warrant Security. [If
Other Securities and Warrants -- Warrant Certificates shall be initially issued
in units with the Other Securities and each Warrant Certificate included in such
a unit shall evidence _________________ Warrants for each [$_________________
principal amount] [______ shares] of Other Securities included in such unit.]

         1.2 EXECUTION AND DELIVERY OF WARRANT CERTIFICATES. Each Warrant
Certificate, whenever issued, shall be in registered form substantially in the
form set forth in Exhibit A hereto, shall be dated the date of its
countersignature by the Warrant Agent and may have such letters, numbers, or
other marks of identification or designation and such

<PAGE>

legends or endorsements printed, lithographed or engraved thereon as the
officers of the Company executing the same may approve (execution thereof to be
conclusive evidence of such approval) and as are not inconsistent with the
provisions of this Agreement, or as may be required to comply with any law or
with any rule or regulation made pursuant thereto or with any rule or regulation
of any securities exchange on which the Warrants may be listed, or to conform to
usage. The Warrant Certificates shall be signed on behalf of the Company by any
of its present or future chief executive officers, presidents, senior vice
presidents, vice presidents, chief financial officers, chief legal officers,
treasurers, assistant treasurers, controllers, assistant controllers,
secretaries or assistant secretaries under its corporate seal reproduced
thereon. Such signatures may be manual or facsimile signatures of such
authorized officers and may be imprinted or otherwise reproduced on the Warrant
Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant
Certificates.

         No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by
the Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence that the Warrant Certificate so countersigned has been duly
issued hereunder.

         In case any officer of the Company who shall have signed any of the
Warrant Certificates either manually or by facsimile signature shall cease to be
such officer before the Warrant Certificates so signed shall have been
countersigned and delivered by the Warrant Agent, such Warrant Certificates may
be countersigned and delivered notwithstanding that the person who signed
Warrant Certificates ceased to be such officer of the Company; and any Warrant
Certificate may be signed on behalf of the Company by such persons as, at the
actual date of the execution of such Warrant Certificate, shall be the proper
officers of the Company, although at the date of the execution of this Agreement
any such person was not such officer.

         The term "holder" or "holder of a Warrant Certificate" as used herein
shall mean any person in whose name at the time any Warrant Certificate shall be
registered upon the books to be maintained by the Warrant Agent for that purpose
[If Other Securities and Warrants are not immediately detachable -- or upon the
registration of the Other Securities prior to the Detachable Date. Prior to the
Detachable Date, the Company will, or will cause the registrar of the Other
Securities to, make available at all times to the Warrant Agent such information
as to holders of the Other Securities as may be necessary to keep the Warrant
Agent's records up to date].

         1.3 ISSUANCE OF WARRANT CERTIFICATES. Warrant Certificates evidencing
the right to purchase Warrant Securities may be executed by the Company and
delivered to the Warrant Agent upon the execution of this Warrant Agreement or
from time to time thereafter. The Warrant Agent shall, upon receipt of Warrant
Certificates duly executed on behalf of the Company, countersign such Warrant
Certificates and shall deliver such Warrant Certificates to or upon the order of
the Company.

                                       2
<PAGE>

                                    ARTICLE 2
                WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

         2.1 WARRANT PRICE. During the period specified in Section 2.2, each
Warrant shall, subject to the terms of this Warrant Agreement and the applicable
Warrant Certificate, entitle the holder thereof to purchase the number of
Warrant Securities specified in the applicable Warrant Certificate at an initial
exercise price of $___________ per Warrant Security, subject to adjustment upon
the occurrence of certain events, as hereinafter provided. Such purchase price
per Warrant Security is referred to in this Agreement as the "WARRANT PRICE."

         2.2 DURATION OF WARRANTS. Each Warrant may be exercised in whole or in
part at any time, as specified herein, on or after [the date thereof]
[__________] and at or before [_____] p.m., [City] time, on _________________ or
such later date as the Company may designate by notice to the Warrant Agent and
the holders of Warrant Certificates mailed to their addresses as set forth in
the record books of the Warrant Agent (the "EXPIRATION DATE"). Each Warrant not
exercised at or before [______] p.m., [City] time, on the Expiration Date shall
become void, and all rights of the holder of the Warrant Certificate evidencing
such Warrant under this Agreement shall cease.

         2.3 EXERCISE OF WARRANTS.

                  (a) During the period specified in Section 2.2, the Warrants
         may be exercised to purchase a whole number of Warrant Securities in
         registered form by providing certain information as set forth on the
         reverse side of the Warrant Certificate and by paying in full, in
         lawful money of the United States of America, [in cash or by certified
         check or official bank check in New York Clearing House funds] [by bank
         wire transfer in immediately available funds] the Warrant Price for
         each Warrant Security with respect to which a Warrant is being
         exercised to the Warrant Agent at its corporate trust office, provided
         that such exercise is subject to receipt within five business days of
         such payment by the Warrant Agent of the Warrant Certificate with the
         form of election to purchase Warrant Securities set forth on the
         reverse side of the Warrant Certificate properly completed and duly
         executed. The date on which payment in full of the Warrant Price is
         received by the Warrant Agent shall, subject to receipt of the Warrant
         Certificate as aforesaid, be deemed to be the date on which the Warrant
         is exercised; provided, however, that if, at the date of receipt of
         such Warrant Certificates and payment in full of the Warrant Price, the
         transfer books for the Warrant Securities purchasable upon the exercise
         of such Warrants shall be closed, no such receipt of such Warrant
         Certificates and no such payment of such Warrant Price shall be
         effective to constitute the person so designated to be named as the
         holder of record of such Warrant Securities on such date, but shall be
         effective to constitute such person as the holder of record of such
         Warrant Securities for all purposes at the opening of business on the
         next succeeding day on which the transfer books for the Warrant
         Securities purchasable upon the exercise of such Warrants shall be
         opened, and the certificates for the Warrant Securities in respect of
         which such Warrants are then exercised shall be issuable as of the date
         on such next succeeding day on which the transfer books shall next be
         opened, and until such date the Company shall be under no duty to
         deliver any certificate for such Warrant Securities. The Warrant Agent
         shall deposit all funds received by it in payment of the Warrant Price

                                       3
<PAGE>

         in an account of the Company maintained with it and shall advise the
         Company by telephone at the end of each day on which a payment for the
         exercise of Warrants is received of the amount so deposited to its
         account. The Warrant Agent shall promptly confirm such telephone advice
         to the Company in writing.

                  (b) The Warrant Agent shall, from time to time, as promptly as
         practicable, advise the Company of (i) the number of Warrant Securities
         with respect to which Warrants were exercised, (ii) the instructions of
         each holder of the Warrant Certificates evidencing such Warrants with
         respect to delivery of the Warrant Securities to which such holder is
         entitled upon such exercise, (iii) delivery of Warrant Certificates
         evidencing the balance, if any, of the Warrants for the remaining
         Warrant Securities after such exercise, and (iv) such other information
         as the Company shall reasonably require.

                  (c) As soon as practicable after the exercise of any Warrant,
         the Company shall issue to or upon the order of the holder of the
         Warrant Certificate evidencing such Warrant the Warrant Securities to
         which such holder is entitled, in fully registered form, registered in
         such name or names as may be directed by such holder. If fewer than all
         of the Warrants evidenced by such Warrant Certificate are exercised,
         the Company shall execute, and an authorized officer of the Warrant
         Agent shall manually countersign and deliver, a new Warrant Certificate
         evidencing Warrants for the number of Warrant Securities remaining
         unexercised.

                  (d) The Company shall not be required to pay any stamp or
         other tax or other governmental charge required to be paid in
         connection with any transfer involved in the issue of the Warrant
         Securities, and in the event that any such transfer is involved, the
         Company shall not be required to issue or deliver any Warrant Security
         until such tax or other charge shall have been paid or it has been
         established to the Company's satisfaction that no such tax or other
         charge is due.

                  (e) Prior to the issuance of any Warrants there shall have
         been reserved, and the Company shall at all times through the
         Expiration Date keep reserved, out of its authorized but unissued
         Warrant Securities, a number of shares sufficient to provide for the
         exercise of the Warrants.

                                    ARTICLE 3
                       OTHER PROVISIONS RELATING TO RIGHTS
                       OF HOLDERS OF WARRANT CERTIFICATES

         3.1 NO RIGHTS AS WARRANT SECURITYHOLDER CONFERRED BY WARRANTS OR
WARRANT CERTIFICATES. No Warrant Certificate or Warrant evidenced thereby shall
entitle the holder thereof to any of the rights of a holder of Warrant
Securities, including, without limitation, the right to receive the payment of
dividends or distributions, if any, on the Warrant Securities or to exercise any
voting rights, except to the extent expressly set forth in this Agreement or the
applicable Warrant Certificate.

         3.2 LOST, STOLEN, MUTILATED OR DESTROYED WARRANT CERTIFICATES. Upon
receipt by the Warrant Agent of evidence reasonably satisfactory to it

                                       4
<PAGE>

and the Company of the ownership of and the loss, theft, destruction or
mutilation of any Warrant Certificate and/or indemnity reasonably satisfactory
to the Warrant Agent and the Company and, in the case of mutilation, upon
surrender of the mutilated Warrant Certificate to the Warrant Agent for
cancellation, then, in the absence of notice to the Company or the Warrant Agent
that such Warrant Certificate has been acquired by a bona fide purchaser, the
Company shall execute, and an authorized officer of the Warrant Agent shall
manually countersign and deliver, in exchange for or in lieu of the lost,
stolen, destroyed or mutilated Warrant Certificate, a new Warrant Certificate of
the same tenor and evidencing Warrants for a like number of Warrant Securities.
Upon the issuance of any new Warrant Certificate under this Section 3.2, the
Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Warrant Agent) in connection
therewith. Every substitute Warrant Certificate executed and delivered pursuant
to this Section 3.2 in lieu of any lost, stolen or destroyed Warrant Certificate
shall represent an additional contractual obligation of the Company, whether or
not the lost, stolen or destroyed Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section 3.2 are
exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement of mutilated, lost, stolen or destroyed
Warrant Certificates.

         3.3 HOLDER OF WARRANT CERTIFICATE MAY ENFORCE RIGHTS. Notwithstanding
any of the provisions of this Agreement, any holder of a Warrant Certificate,
without the consent of the Warrant Agent, the holder of any Warrant Securities
or the holder of any other Warrant Certificate, may, in such holder's own behalf
and for such holder's own benefit, enforce, and may institute and maintain any
suit, action or proceeding against the Company suitable to enforce, or otherwise
in respect of, such holder's right to exercise the Warrants evidenced by such
holder's Warrant Certificate in the manner provided in such holder's Warrant
Certificate and in this Agreement.

         3.4 ADJUSTMENTS.

                  (a) In case the Company shall at any time subdivide its
         outstanding shares of [title of Depositary Shares purchasable through
         exercise of Warrants] into a greater number of shares, the Warrant
         Price in effect immediately prior to such subdivision shall be
         proportionately reduced and the number of Warrant Securities
         purchasable under the Warrants shall be proportionately increased.
         Conversely, in case the outstanding shares of [title of Depositary
         Shares purchasable through exercise of Warrants] of the Company shall
         be combined into a smaller number of shares, the Warrant Price in
         effect immediately prior to such combination shall be proportionately
         increased and the number of Warrant Securities purchasable under the
         Warrants shall be proportionately decreased.

                                       5
<PAGE>

                  (b) If at any time or from time to time the holders of [title
         of Preferred Stock underlying the Depositary Shares purchasable through
         exercise of Warrants] (or any shares of stock or other securities at
         the time receivable upon the exercise of the Warrants) shall have
         received or become entitled to receive, without payment therefore,

                           (i) [title of Preferred Stock underlying Depositary
                  Shares purchasable through exercise of Warrants] or any shares
                  of stock or other securities which are at any time directly or
                  indirectly convertible into or exchangeable for [title of
                  Preferred Stock underlying Depositary Shares purchasable
                  through exercise of Warrants], or any rights or options to
                  subscribe for, purchase or otherwise acquire any of the
                  foregoing by way of dividend or other distribution;

                           (ii) any cash paid or payable otherwise than in
                  accordance with the terms of [title of Preferred Stock
                  underlying Depositary Shares purchasable through exercise of
                  Warrants] or otherwise than as a cash dividend paid or payable
                  out of the Company's current or retained earnings;

                           (iii) any evidence of the Company's indebtedness or
                  rights to subscribe for or purchase the Company's
                  indebtedness; or

                           (iv) [title of Preferred Stock underlying Depositary
                  Shares purchasable through exercise of Warrants] or additional
                  stock or other securities or property (including cash) by way
                  of spinoff, split-up, reclassification, combination of shares
                  or similar corporate rearrangement (other than shares of
                  [title of Depositary Shares purchasable through exercise of
                  Warrants] issued as a stock split or adjustments in respect of
                  which shall be covered by the terms of Section 3.4(a) above),
                  then and in each such case, the holder of each Warrant shall,
                  upon the exercise of the Warrant, be entitled to receive, in
                  addition to the number of Warrant Securities receivable
                  thereupon, and without payment of any additional consideration
                  therefore, the amount of stock and other securities and
                  property (including cash and indebtedness (or rights to
                  subscribe for or purchase indebtedness) which such holder
                  would hold on the date of such exercise had he been the holder
                  of record of such Warrant Securities as of the date on which
                  holders of [title of Preferred Stock underlying Depositary
                  Shares purchasable through exercise of Warrants] received or
                  became entitled to receive such shares or all other additional
                  stock and other securities and property.

                  (c) In case of (i) any reclassification, capital
         reorganization, or change in the [title of Depositary Shares
         purchasable through exercise of Warrants] or [title of Preferred Stock
         underlying Depositary Shares purchasable through the exercise of the
         Warrants] of the Company (other than as a result of a subdivision,
         combination or stock dividend provided for in Section 3.4(a) or Section
         3.4(b) above), (ii) share exchange, merger or similar transaction of
         the Company with or into another person or entity (other than a share
         exchange, merger or similar transaction in which the Company is the
         acquiring or surviving corporation and which does not result in any
         change in the [title of Depositary Shares purchasable through exercise
         of Warrants] or [title of Preferred Stock underlying Depositary Shares
         purchasable through the exercise of the Warrants] other than the
         issuance of additional shares of [title of Depositary Shares
         purchasable through exercise of Warrants] or [title of Preferred Stock
         underlying Depositary Shares purchasable through the exercise of the
         Warrants]) or (iii) the sale, exchange, lease, transfer or other
         disposition of all or substantially all of the properties and assets of
         the Company as an entirety (in any such case, a "REORGANIZATION
         EVENT"), then, as a

                                       6
<PAGE>

         condition of such Reorganization Event, lawful provisions shall be
         made, and duly executed documents evidencing the same from the Company
         or its successor shall be delivered to the holders of the Warrants, so
         that the holders of the Warrants shall have the right at any time prior
         to the expiration of the Warrants to purchase, at a total price equal
         to that payable upon the exercise of the Warrants, the kind and amount
         of shares of stock and other securities and property receivable in
         connection with such Reorganization Event by a holder of the same
         number of shares of [title of Depositary Shares purchasable through the
         exercise of the Warrants] as were purchasable by the holders of the
         Warrants immediately prior to such Reorganization Event. In any such
         case appropriate provisions shall be made with respect to the rights
         and interests of the holders of the Warrants so that the provisions
         hereof shall thereafter be applicable with respect to any shares of
         stock or other securities and property deliverable upon exercise the
         Warrants, and appropriate adjustments shall be made to the Warrant
         Price payable hereunder provided the aggregate purchase price shall
         remain the same. In the case of any transaction described in clauses
         (ii) and (iii) above, the Company shall thereupon be relieved of any
         further obligation hereunder or under the Warrants, and the Company as
         the predecessor corporation may thereupon or at any time thereafter be
         dissolved, wound up or liquidated. Such successor or assuming entity
         thereupon may cause to be signed, and may issue either in its own name
         or in the name of the Company, any or all of the Warrants issuable
         hereunder which heretofore shall not have been signed by the Company,
         and may execute and deliver securities in its own name, in fulfillment
         of its obligations to deliver Warrant Securities upon exercise of the
         Warrants. All the Warrants so issued shall in all respects have the
         same legal rank and benefit under this Agreement as the Warrants
         theretofore or thereafter issued in accordance with the terms of this
         Agreement as though all of such Warrants had been issued at the date of
         the execution hereof. In any case of any such Reorganization Event,
         such changes in phraseology and form (but not in substance) may be made
         in the Warrants thereafter to be issued as may be appropriate.

                  The Warrant Agent may receive a written opinion of legal
         counsel as conclusive evidence that any such Reorganization Event
         complies with the provisions of this Section 3.4.

                  (d) The Company may, at its option, at any time until the
         Expiration Date, reduce the then current Warrant Price to any amount
         deemed appropriate by the Board of Directors of the Company for any
         period not exceeding twenty consecutive days (as evidenced in a
         resolution adopted by such Board of Directors), but only upon giving
         the notices required by Section 3.5 at least ten days prior to taking
         such action.

                  (e) Except as herein otherwise expressly provided, no
         adjustment in the Warrant Price shall be made by reason of the issuance
         of any securities of the Company or for any other reason whatsoever.

                  (f) No fractional Warrant Securities shall be issued upon the
         exercise of Warrants. If more than one Warrant shall be exercised at
         one time by the same holder, the number of full Warrant Securities
         which shall be issuable upon such exercise shall be computed on the
         basis of the aggregate number of Warrant Securities purchased pursuant
         to the Warrants so exercised. Instead of any fractional Warrant
         Security which would

                                       7
<PAGE>

         otherwise be issuable upon exercise of any Warrant, the Company shall
         pay a cash adjustment in respect of such fraction in an amount equal to
         the same fraction of the last sales price (or bid price if there were
         no sales) per Warrant Security, in either case as reported on the New
         York Stock Exchange Composite Tape on the business day which next
         precedes the day of exercise or, if the Warrant Securities are not then
         listed or admitted to trading on the New York Stock Exchange, on the
         principal national securities exchange on which the Warrant Securities
         are listed or admitted to trading or, if not listed or admitted to
         trading on any national securities exchange, on the National Market
         System of the National Association of Securities Dealers, Inc.
         Automated Quotations System ("NASDAQ"), or if the Warrant Securities
         are not then listed or admitted to trading on any national securities
         exchange or quoted on the National Market System of NASDAQ, the average
         of the closing high bid and low asked prices in the over-the-counter
         market, as reported by NASDAQ, or such other system then in use, or if
         on any such date the Warrant Securities are not quoted by any such
         organization, an amount equal to the same fraction of the average of
         the closing bid and asked prices as furnished by any New York Stock
         Exchange or NASDAQ firm selected from time to time by the Company for
         that purpose at the close of business on the business day which next
         precedes the day of exercise.

                  (g) Whenever the Warrant Price then in effect is adjusted as
         herein provided, the Company shall mail to each holder of the Warrants
         at such holder's address as it shall appear on the books of the Company
         a statement setting forth the adjusted Warrant Price then and
         thereafter effective under the provisions hereof, together with the
         facts, in reasonable detail, upon which such adjustment is based.

         3.5 NOTICE TO WARRANTHOLDERS. In case the Company shall (a) effect any
dividend or distribution described in Section 3.4(b), (b) effect any
Reorganization Event, (c) make any distribution on or in respect of the [title
of Depositary Shares purchasable through exercise of Warrants] or [title of
Preferred Stock underlying Depositary Shares purchasable through the exercise of
the Warrants] in connection with the dissolution, liquidation or winding up of
the Company, or (d) reduce the then current Warrant Price pursuant to Section
3.4(d), then the Company shall mail to each holder of Warrants at such holder's
address as it shall appear on the books of the Warrant Agent, at least ten days
prior to the applicable date hereinafter specified, a notice stating (x) the
record date for such dividend or distribution, or, if a record is not to be
taken, the date as of which the holders of record of [title of Preferred Stock
underlying Depositary Shares purchasable through the exercise of Warrants] that
will be entitled to such dividend or distribution are to be determined, (y) the
date on which such Reorganization Event, dissolution, liquidation or winding up
is expected to become effective, and the date as of which it is expected that
holders of [title of Depositary Shares purchasable through the exercise of the
Warrants] of record shall be entitled to exchange their shares of [title of
Depositary Shares purchasable through the exercise of the Warrants] for
securities or other property deliverable upon such Reorganization Event,
dissolution, liquidation or winding up, or (z) the first date on which the then
current Warrant Price shall be reduced pursuant to Section 3.4(d). No failure to
mail such notice nor any defect therein or in the mailing thereof shall affect
any such transaction or any adjustment in the Warrant Price required by Section
3.4.

                                       8
<PAGE>

         3.6 [IF THE WARRANTS ARE SUBJECT TO ACCELERATION BY THE COMPANY, INSERT
-- ACCELERATION OF WARRANTS BY THE COMPANY.]

         (a) At any time on or after _______________, the Company shall have the
right to accelerate any or all Warrants at any time by causing them to expire at
the close of business on the day next preceding a specified date (the
"ACCELERATION DATE"), if the Market Price (as hereinafter defined) of the [title
of Depositary Shares purchasable through the exercise of the Warrants] equals or
exceeds ___________ percent (____%) of the then effective Warrant Price on any
twenty Trading Days (as hereinafter defined) within a period of thirty
consecutive Trading Days ending no more than five Trading Days prior to the date
on which the Company gives notice to the Warrant Agent of its election to
accelerate the Warrants.

         (b) "Market Price" for each Trading Day shall be, if the [title of
Depositary Shares purchasable through the exercise of the Warrants] is listed or
admitted for trading on the New York Stock Exchange, the last reported sale
price, regular way (or, if no such price is reported, the average of the
reported closing bid and asked prices, regular way) of [title of Depositary
Shares purchasable through the exercise of the Warrants], in either case as
reported on the New York Stock Exchange Composite Tape or, if the [title of
Depositary Shares purchasable through the exercise of the Warrants] is not
listed or admitted to trading on the New York Stock Exchange, on the principal
national securities exchange on which the [title of Depositary Shares
purchasable through the exercise of the Warrants] is listed or admitted to
trading or, if not listed or admitted to trading on any national securities
exchange, on the National Market System of NASDAQ or, if not listed or admitted
to trading on any national securities exchange or quoted on the National Market
System of NASDAQ, the average of the closing high bid and low asked prices in
the over-the-counter market, as reported by NASDAQ, or such other system then in
use, or if on any such date the shares of [title of Depositary Shares
purchasable through the exercise of the Warrants] are not quoted by any such
organization, the average of the closing bid and asked prices as furnished by
any New York Stock Exchange or NASDAQ firm selected from time to time by the
Company for that purpose. "Trading Day" shall be each Monday through Friday,
other than any day on which securities are not traded in the system or on the
exchange that is the principal market for the [title of Depositary Shares
purchasable through the exercise of the Warrants], as determined by the Board of
Directors of the Company.

         (c) In the event of an acceleration of less than all of the Warrants,
the Warrant Agent shall select the Warrants to be accelerated by lot, pro rata
or in such other manner as it deems, in its discretion, to be fair and
appropriate.

         (d) Notice of an acceleration specifying the Acceleration Date shall be
sent by mail first class, postage prepaid, to each registered holder of a
Warrant Certificate representing a Warrant accelerated at such holder's address
appearing on the books of the Warrant Agent not more than sixty days nor less
than thirty days before the Acceleration Date. Such notice of an acceleration
also shall be given no more than twenty days, and no less than ten days, prior
to the mailing of notice to registered holders of Warrants pursuant to this
Section 3.6, by publication at least once in a newspaper of general circulation
in the City of New York.

                                       9
<PAGE>

         (e) Any Warrant accelerated may be exercised until [_______] p.m.,
[City] time, on the business day next preceding the Acceleration Date. The
Warrant Price shall be payable as provided in Section 2.]

                                    ARTICLE 4
                  EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

         4.1 EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES. [If Other Securities
with Warrants which are immediately detachable -- Upon] [If Other Securities
with Warrants which are not immediately detachable -- Prior to the Detachable
Date, a Warrant Certificate may be exchanged or transferred only together with
the Other Security to which the Warrant Certificate was initially attached, and
only for the purpose of effecting or in conjunction with an exchange or transfer
of such Other Security. Prior to any Detachable Date, each transfer of the Other
Security shall operate also to transfer the related Warrant Certificates. After
the Detachable Date, upon] surrender at the corporate trust office of the
Warrant Agent, Warrant Certificates evidencing Warrants may be exchanged for
Warrant Certificates in other denominations evidencing such Warrants or the
transfer thereof may be registered in whole or in part; provided that such other
Warrant Certificates evidence Warrants for the same aggregate number of Warrant
Securities as the Warrant Certificates so surrendered. The Warrant Agent shall
keep, at its corporate trust office, books in which, subject to such reasonable
regulations as it may prescribe, it shall register Warrant Certificates and
exchanges and transfers of outstanding Warrant Certificates, upon surrender of
the Warrant Certificates to the Warrant Agent at its corporate trust office for
exchange or registration of transfer, properly endorsed or accompanied by
appropriate instruments of registration of transfer and written instructions for
transfer, all in form satisfactory to the Company and the Warrant Agent. No
service charge shall be made for any exchange or registration of transfer of
Warrant Certificates, but the Company may require payment of a sum sufficient to
cover any stamp or other tax or other governmental charge that may be imposed in
connection with any such exchange or registration of transfer. Whenever any
Warrant Certificates are so surrendered for exchange or registration of
transfer, an authorized officer of the Warrant Agent shall manually countersign
and deliver to the person or persons entitled thereto a Warrant Certificate or
Warrant Certificates duly authorized and executed by the Company, as so
requested. The Warrant Agent shall not be required to effect any exchange or
registration of transfer which will result in the issuance of a Warrant
Certificate evidencing a Warrant for a fraction of a Warrant Security or a
number of Warrants for a whole number of Warrant Securities and a fraction of a
Warrant Security. All Warrant Certificates issued upon any exchange or
registration of transfer of Warrant Certificates shall be the valid obligations
of the Company, evidencing the same obligations and entitled to the same
benefits under this Agreement as the Warrant Certificate surrendered for such
exchange or registration of transfer.

         4.2 TREATMENT OF HOLDERS OF WARRANT CERTIFICATES. [If Other Securities
and Warrants are not immediately detachable -- Prior to the Detachable Date, the
Company, the Warrant Agent and all other persons may treat the owner of the
Other Security as the owner of the Warrant Certificates initially attached
thereto for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced by such Warrant Certificates, any notice
to the contrary notwithstanding. After the Detachable Date and prior to due
presentment of a Warrant Certificate for registration of transfer, the] [T]he
Company, the Warrant Agent and all other persons may treat the registered holder
of a Warrant Certificate as

                                       10
<PAGE>

the absolute owner thereof for any purpose and as the person entitled to
exercise the rights represented by the Warrants evidenced thereby, any notice to
the contrary notwithstanding.

         4.3 CANCELLATION OF WARRANT CERTIFICATES. Any Warrant Certificate
surrendered for exchange, registration of transfer or exercise of the Warrants
evidenced thereby shall, if surrendered to the Company, be delivered to the
Warrant Agent and all Warrant Certificates surrendered or so delivered to the
Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be
reissued and, except as expressly permitted by this Agreement, no Warrant
Certificate shall be issued hereunder in exchange therefor or in lieu thereof.
The Warrant Agent shall deliver to the Company from time to time or otherwise
dispose of canceled Warrant Certificates in a manner satisfactory to the
Company.

                                    ARTICLE 5
                          CONCERNING THE WARRANT AGENT

         5.1 WARRANT AGENT. The Company hereby appoints ______________ as
Warrant Agent of the Company in respect of the Warrants and the Warrant
Certificates upon the terms and subject to the conditions herein set forth, and
hereby accepts such appointment. The Warrant Agent shall have the powers and
authority granted to and conferred upon it in the Warrant Certificates and
hereby and such further powers and authority to act on behalf of the Company as
the Company may hereafter grant to or confer upon it. All of the terms and
provisions with respect to such powers and authority contained in the Warrant
Certificates are subject to and governed by the terms and provisions hereof.

         5.2 CONDITIONS OF WARRANT AGENT'S OBLIGATIONS. The Warrant Agent
accepts its obligations herein set forth upon the terms and conditions hereof,
including the following to all of which the Company agrees and to all of which
the rights hereunder of the holders from time to time of the Warrant
Certificates shall be subject:

                  (a) COMPENSATION AND INDEMNIFICATION. The Company agrees
         promptly to pay the Warrant Agent the compensation to be agreed upon
         with the Company for all services rendered by the Warrant Agent and to
         reimburse the Warrant Agent for reasonable out-of-pocket expenses
         (including reasonable counsel fees) incurred without negligence, bad
         faith or willful misconduct by the Warrant Agent in connection with the
         services rendered hereunder by the Warrant Agent. The Company also
         agrees to indemnify the Warrant Agent for, and to hold it harmless
         against, any loss, liability or expense incurred without negligence,
         bad faith or willful misconduct on the part of the Warrant Agent,
         arising out of or in connection with its acting as Warrant Agent
         hereunder, including the reasonable costs and expenses of defending
         against any claim of such liability.

                  (b) AGENT FOR THE COMPANY. In acting under this Warrant
         Agreement and in connection with the Warrant Certificates, the Warrant
         Agent is acting solely as agent of the Company and does not assume any
         obligations or relationship of agency or trust for or with any of the
         holders of Warrant Certificates or beneficial owners of Warrants.

                                       11
<PAGE>

                  (c) COUNSEL. The Warrant Agent may consult with counsel
         satisfactory to it, which may include counsel for the Company, and the
         written advice of such counsel shall be full and complete authorization
         and protection in respect of any action taken, suffered or omitted by
         it hereunder in good faith and in accordance with the advice of such
         counsel.

                  (d) DOCUMENTS. The Warrant Agent shall be protected and shall
         incur no liability for or in respect of any action taken or omitted by
         it in reliance upon any Warrant Certificate, notice, direction,
         consent, certificate, affidavit, statement or other paper or document
         reasonably believed by it to be genuine and to have been presented or
         signed by the proper parties.

                  (e) CERTAIN TRANSACTIONS. The Warrant Agent, and its officers,
         directors and employees, may become the owner of, or acquire any
         interest in, Warrants, with the same rights that it or they would have
         if it were not the Warrant Agent hereunder, and, to the extent
         permitted by applicable law, it or they may engage or be interested in
         any financial or other transaction with the Company and may act on, or
         as depositary, trustee or agent for, any committee or body of holders
         of Warrant Securities or other obligations of the Company as freely as
         if it were not the Warrant Agent hereunder. Nothing in this Warrant
         Agreement shall be deemed to prevent the Warrant Agent from acting as
         trustee under any indenture to which the Company is a party.

                  (f) NO LIABILITY FOR INTEREST. Unless otherwise agreed with
         the Company, the Warrant Agent shall have no liability for interest on
         any monies at any time received by it pursuant to any of the provisions
         of this Agreement or of the Warrant Certificates.

                  (g) NO LIABILITY FOR INVALIDITY. The Warrant Agent shall have
         no liability with respect to any invalidity of this Agreement or any of
         the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon).

                  (h) NO RESPONSIBILITY FOR REPRESENTATIONS. The Warrant Agent
         shall not be responsible for any of the recitals or representations
         herein or in the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon), all of which are made solely by the Company.

                  (i) NO IMPLIED OBLIGATIONS. The Warrant Agent shall be
         obligated to perform only such duties as are herein and in the Warrant
         Certificates specifically set forth and no implied duties or
         obligations shall be read into this Agreement or the Warrant
         Certificates against the Warrant Agent.

                  The Warrant Agent shall not be under any obligation to take
         any action hereunder which may tend to involve it in any expense or
         liability, the payment of which within a reasonable time is not, in its
         reasonable opinion, assured to it. The Warrant Agent shall not be
         accountable or under any duty or responsibility for the use by the
         Company of any of the Warrant Certificates authenticated by the Warrant
         Agent and delivered by it to the Company pursuant to this Agreement or
         for the application by the Company of the

                                       12
<PAGE>

         proceeds of the Warrant Certificates. The Warrant Agent shall have no
         duty or responsibility in case of any default by the Company in the
         performance of its covenants or agreements contained herein or in the
         Warrant Certificates or in the case of the receipt of any written
         demand from a holder of a Warrant Certificate with respect to such
         default, including, without limiting the generality of the foregoing,
         any duty or responsibility to initiate or attempt to initiate any
         proceedings at law or otherwise or, except as provided in Section 6.2
         hereof, to make any demand upon the Company.

         5.3 RESIGNATION, REMOVAL AND APPOINTMENT OF SUCCESSOR.

                  (a) The Company agrees, for the benefit of the holders from
         time to time of the Warrant Certificates, that there shall at all times
         be a Warrant Agent hereunder until all the Warrants have been exercised
         or are no longer exercisable.

                  (b) The Warrant Agent may at any time resign as agent by
         giving written notice to the Company of such intention on its part,
         specifying the date on which its desired resignation shall become
         effective; provided that such date shall not be less than three months
         after the date on which such notice is given unless the Company
         otherwise agrees. The Warrant Agent hereunder may be removed at any
         time by the filing with it of an instrument in writing signed by or on
         behalf of the Company and specifying such removal and the intended date
         when it shall become effective. Such resignation or removal shall take
         effect upon the appointment by the Company, as hereinafter provided, of
         a successor Warrant Agent (which shall be a bank or trust company
         authorized under the laws of the jurisdiction of its organization to
         exercise corporate trust powers) and the acceptance of such appointment
         by such successor Warrant Agent. The obligation of the Company under
         Section 5.2(a) shall continue to the extent set forth therein
         notwithstanding the resignation or removal of the Warrant Agent.

                  (c) In case at any time the Warrant Agent shall resign, or
         shall be removed, or shall become incapable of acting, or shall be
         adjudged a bankrupt or insolvent, or shall commence a voluntary case
         under the Federal bankruptcy laws, as now or hereafter constituted, or
         under any other applicable Federal or state bankruptcy, insolvency or
         similar law or shall consent to the appointment of or taking possession
         by a receiver, custodian, liquidator, assignee, trustee, sequestrator
         (or other similar official) of the Warrant Agent or its property or
         affairs, or shall make an assignment for the benefit of creditors, or
         shall admit in writing its inability to pay its debts generally as they
         become due, or shall take corporate action in furtherance of any such
         action, or a decree or order for relief by a court having jurisdiction
         in the premises shall have been entered in respect of the Warrant Agent
         in an involuntary case under the Federal bankruptcy laws, as now or
         hereafter constituted, or any other applicable Federal or state
         bankruptcy, insolvency or similar law, or a decree or order by a court
         having jurisdiction in the premises shall have been entered for the
         appointment of a receiver, custodian, liquidator, assignee, trustee,
         sequestrator (or similar official) of the Warrant Agent or of its
         property or affairs, or any public officer shall take charge or control
         of the Warrant Agent or of its property or affairs for the purpose of
         rehabilitation, conservation, winding up or liquidation, a successor
         Warrant Agent, qualified as aforesaid, shall be appointed by the
         Company by an instrument in writing, filed with the successor Warrant
         Agent. Upon the appointment

                                       13
<PAGE>

         as aforesaid of a successor Warrant Agent and acceptance by the
         successor Warrant Agent of such appointment, the Warrant Agent shall
         cease to be Warrant Agent hereunder.

                  (d) Any successor Warrant Agent appointed hereunder shall
         execute, acknowledge and deliver to its predecessor and to the Company
         an instrument accepting such appointment hereunder, and thereupon such
         successor Warrant Agent, without any further act, deed or conveyance,
         shall become vested with all the authority, rights, powers, trusts,
         immunities, duties and obligations of such predecessor with like effect
         as if originally named as Warrant Agent hereunder, and such
         predecessor, upon payment of its charges and disbursements then unpaid,
         shall thereupon become obligated to transfer, deliver and pay over, and
         such successor Warrant Agent shall be entitled to receive, all monies,
         securities and other property on deposit with or held by such
         predecessor, as Warrant Agent hereunder.

                  (e) Any corporation into which the Warrant Agent hereunder may
         be merged or converted or any corporation with which the Warrant Agent
         may be consolidated, or any corporation resulting from any merger,
         conversion or consolidation to which the Warrant Agent shall be a
         party, or any corporation to which the Warrant Agent shall sell or
         otherwise transfer all or substantially all the assets and business of
         the Warrant Agent, provided that it shall be qualified as aforesaid,
         shall be the successor Warrant Agent under this Agreement without the
         execution or filing of any paper or any further act on the part of any
         of the parties hereto.

                                    ARTICLE 6
                                  MISCELLANEOUS

         6.1 AMENDMENT. This Agreement may be amended by the parties hereto,
without the consent of the holder of any Warrant Certificate, for the purpose of
curing any ambiguity, or of curing, correcting or supplementing any defective
provision contained herein, or making any other provisions with respect to
matters or questions arising under this Agreement as the Company and the Warrant
Agent may deem necessary or desirable; provided that such action shall not
materially adversely affect the interests of the holders of the Warrant
Certificates.

         6.2 NOTICES AND DEMANDS TO THE COMPANY AND WARRANT AGENT. If the
Warrant Agent shall receive any notice or demand addressed to the Company by the
holder of a Warrant Certificate pursuant to the provisions of the Warrant
Certificates, the Warrant Agent shall promptly forward such notice or demand to
the Company.

         6.3 ADDRESSES. Any communication from the Company to the Warrant Agent
with respect to this Agreement shall be addressed to______________, Attention:
_____________ and any communication from the Warrant Agent to the Company with
respect to this Agreement shall be addressed to RemedyTemp, Inc., 101
Enterprise, Aliso Viejo, California 92656, Attention: Investor Relations (or
such other address as shall be specified in writing by the Warrant Agent or by
the Company).

                                       14
<PAGE>

         6.4 GOVERNING LAW. This Agreement and each Warrant Certificate issued
hereunder shall be governed by and construed in accordance with the laws of the
State of New York.

         6.5 DELIVERY OF PROSPECTUS. The Company shall furnish to the Warrant
Agent sufficient copies of a prospectus meeting the requirements of the
Securities Act of 1933, as amended, relating to the Warrant Securities
deliverable upon exercise of the Warrants (the "PROSPECTUS"), and the Warrant
Agent agrees that upon the exercise of any Warrant, the Warrant Agent will
deliver to the holder of the Warrant Certificate evidencing such Warrant, prior
to or concurrently with the delivery of the Warrant Securities issued upon such
exercise, a Prospectus.

         The Warrant Agent shall not, by reason of any such delivery, assume any
responsibility for the accuracy or adequacy of such Prospectus.

         6.6 OBTAINING OF GOVERNMENTAL APPROVALS. The Company will from time to
time take all action which may be necessary to obtain and keep effective any and
all permits, consents and approvals of governmental agencies and authorities and
securities act filings under United States Federal and state laws (including
without limitation a registration statement in respect of the Warrants and
Warrant Securities under the Securities Act of 1933, as amended), which may be
or become requisite in connection with the issuance, sale, transfer, and
delivery of the Warrant Securities issued upon exercise of the Warrants, the
issuance, sale, transfer and delivery of the Warrants or upon the expiration of
the period during which the Warrants are exercisable.

         6.7 PERSONS HAVING RIGHTS UNDER WARRANT AGREEMENT. Nothing in this
Agreement shall give to any person other than the Company, the Warrant Agent and
the holders of the Warrant Certificates any right, remedy or claim under or by
reason of this Agreement.

         6.8 HEADINGS. The descriptive headings of the several Articles and
Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

         6.9 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which as so executed shall be deemed to be an original,
but such counterparts shall together constitute but one and the same instrument.

         6.10 INSPECTION OF AGREEMENT. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of the
Warrant Agent for inspection by the holder of any Warrant Certificate. The
Warrant Agent may require such holder to submit his Warrant Certificate for
inspection by it.

                                       15
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed, all as of the day and year first above written.

                                                     REMEDYTEMP, INC.

                                       By

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

                                       Its

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

                                       Attest:

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

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

                                       Warrant Agent

                                       By

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

                                       Its

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

                                       Attest:

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

                                       [SIGNATURE PAGE DEPOSITARY SHARES WARRANT
                                       AGREEMENT]

                                       16
<PAGE>

                                    EXHIBIT A

                           FORM OF WARRANT CERTIFICATE

                          [FACE OF WARRANT CERTIFICATE]

[Form if Warrants are attached to Other    Prior to _____________, this Warrant
Securities and are not immediately         Certificate cannot be transferred or
detachable.                                exchanged unless attached to a [Title
                                           of Other Securities].]

[Form of Legend if Warrants are            Prior to ________, Warrants evidenced
not immediately exercisable.               by this Warrant Certificate cannot be
                                           exercised.]

                EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT

                            AGENT AS PROVIDED HEREIN

           VOID AFTER [__________] P.M., [CITY] TIME, ON            ,

                                REMEDYTEMP, INC.

                        WARRANT CERTIFICATE REPRESENTING

                              WARRANTS TO PURCHASE

                          [TITLE OF WARRANT SECURITIES]

No.                                          Warrants

         This certifies that _________________ or registered assigns is the
registered owner of the above indicated number of Warrants, each Warrant
entitling such owner [if Warrants are attached to Other Securities and are not
immediately detachable -- , subject to the registered owner qualifying as a
"Holder" of this Warrant Certificate, as hereinafter defined),] to purchase, at
any time [after [_______] p.m., [City] time, on _________ and] on or before
[_______] p.m., [City] time, on _____________, _________ shares of [Title of
Warrant Securities] (the "WARRANT SECURITIES"), of RemedyTemp, Inc. (the
"COMPANY") on the following basis: during the period from ___________________,
through and including _______________, the exercise price per Warrant Security
will be $________________, subject to adjustment as provided in the Warrant
Agreement (as hereinafter defined) (the "WARRANT PRICE"). The Holder may
exercise the Warrants evidenced hereby by providing certain information set
forth on the back hereof and by paying in full, in lawful money of the United
States of America, [in cash or by certified check or official bank check in New
York Clearing House funds] [by bank wire transfer in immediately available
funds], the Warrant Price for each Warrant Security with

<PAGE>

respect to which this Warrant is exercised to the Warrant Agent (as hereinafter
defined) and by surrendering this Warrant Certificate, with the purchase form on
the back hereof duly executed, at the corporate trust office of [name of Warrant
Agent], or its successor as warrant agent (the "WARRANT AGENT"), which is, on
the date hereof, at the address specified on the reverse hereof, and upon
compliance with and subject to the conditions set forth herein and in the
Warrant Agreement (as hereinafter defined).

         The term "HOLDER" as used herein shall mean [if Warrants are attached
to Other Securities and are not immediately detachable -- prior
to______________, _____ (the "DETACHABLE DATE"), the registered owner of the
Company's [title of Other Securities]to which this Warrant Certificate was
initially attached, and after such Detachable Date,] the person in whose name at
the time this Warrant Certificate shall be registered upon the books to be
maintained by the Warrant Agent for that purpose pursuant to Section 4 of the
Warrant Agreement.

         The Warrants evidenced by this Warrant Certificate may be exercised to
purchase a whole number of Warrant Securities in registered form. Upon any
exercise of fewer than all of the Warrants evidenced by this Warrant
Certificate, there shall be issued to the Holder hereof a new Warrant
Certificate evidencing Warrants for the number of Warrant Securities remaining
unexercised.

         This Warrant Certificate is issued under and in accordance with the
Warrant Agreement dated as of ______________,____ (the "WARRANT AGREEMENT"),
between the Company and the Warrant Agent and is subject to the terms and
provisions contained in the Warrant Agreement, to all of which terms and
provisions the Holder of this Warrant Certificate consents by acceptance hereof.
Copies of the Warrant Agreement are on file at the above-mentioned office of the
Warrant Agent.

         [If Warrants are attached to Other Securities and are not immediately
detachable -- Prior to the Detachable Date, this Warrant Certificate may be
exchanged or transferred only together with the [Title of Other Securities] (the
"OTHER SECURITIES") to which this Warrant Certificate was initially attached,
and only for the purpose of effecting or in conjunction with, an exchange or
transfer of such Other Security. Additionally, on or prior to the Detachable
Date, each transfer of such Other Security on the register of the Other
Securities shall operate also to transfer this Warrant Certificate. After such
date, transfer of this] [If Warrants are attached to Other Securities and are
immediately detachable -- Transfer of this] Warrant Certificate may be
registered when this Warrant Certificate is surrendered at the corporate trust
office of the Warrant Agent by the registered owner or such owner's assigns, in
the manner and subject to the limitations provided in the Warrant Agreement.

         [If Other Securities with Warrants which are not immediately detachable
-- Except as provided in the immediately preceding paragraph, after] [If Other
Securities with Warrants which are immediately detachable or Warrants alone --
After] countersignature by the Warrant Agent and prior to the expiration of this
Warrant Certificate, this Warrant Certificate may be exchanged at the corporate
trust office of the Warrant Agent for Warrant Certificates representing Warrants
for the same aggregate number of Warrant Securities.

                                       2
<PAGE>

         This Warrant Certificate shall not entitle the Holder hereof to any of
the rights of a holder of the Warrant Securities, including, without limitation,
the right to receive payments of dividends or distributions, if any, on the
Warrant Securities (except to the extent set forth in the Warrant Agreement) or
to exercise any voting rights.

         Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

         This Warrant Certificate shall not be valid or obligatory for any
purpose until countersigned by the Warrant Agent.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
in its name and on its behalf by the facsimile signatures of its duly authorized
officers.

Dated:

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

REMEDYTEMP, INC.

By

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

Its

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

Attest:

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

Countersigned:

------------------------------------
As Warrant Agent

By

------------------------------------
Authorized Signature

                                       3
<PAGE>

                        [REVERSE OF WARRANT CERTIFICATE]

                     (Instructions for Exercise of Warrant)

         To exercise any Warrants evidenced hereby for Warrant Securities (as
hereinafter defined), the Holder must pay, in lawful money of the United States
of America, [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds],
the Warrant Price in full for Warrants exercised, to [Warrant Agent] [address of
Warrant Agent], Attn: ___________________, which payment must specify the name
of the Holder and the number of Warrants exercised by such Holder. In addition,
the Holder must complete the information required below and present this Warrant
Certificate in person or by mail (certified or registered mail is recommended)
to the Warrant Agent at the appropriate address set forth above. This Warrant
Certificate, completed and duly executed, must be received by the Warrant Agent
within five business days of the payment.

(To be executed upon exercise of Warrants)

         The undersigned hereby irrevocably elects to exercise Warrants,
evidenced by this Warrant Certificate, to purchase shares of the [Title of
Warrant Securities] (the "WARRANT SECURITIES"), of RemedyTemp, Inc. and
represents that he has tendered payment for such Warrant Securities, in lawful
money of the United States of America, [in cash or by certified check or
official bank check in New York Clearing House funds] [by bank wire transfer in
immediately available funds], to the order of RemedyTemp, Inc., c/o [insert name
and address of Warrant Agent], in the amount of $ in accordance with the terms
hereof. The undersigned requests that said Warrant Securities be in fully
registered form in the authorized denominations, registered in such names and
delivered all as specified in accordance with the instructions set forth below.

         If the number of Warrants exercised is less than all of the Warrants
evidenced hereby, the undersigned requests that a new Warrant Certificate
evidencing the Warrants for the number of Warrant Securities remaining
unexercised be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

Dated                                   Name

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

                                      (Please Print)

                                        Address

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

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

                                        ----------------------------------------
                                        (Insert Social Security or Other
                                        Identifying Number of Holder)

                                        ----------------------------------------
                                                            Signature Guaranteed

Signature

(Signature must conform in all respects to name of holder as specified on the
face of this Warrant Certificate and must bear a signature guarantee by a bank,
trust company or member broker of the New York, Midwest or Pacific Stock
Exchange)

<PAGE>
This Warrant may be exercised at the following addresses:

By hand at

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

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

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

      By mail at

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

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

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

[Instructions as to form and delivery of Warrant Securities and, if applicable,
Warrant Certificates evidencing Warrants for the number of Warrant Securities
remaining unexercised -- complete as appropriate.]

<PAGE>

                                   ASSIGNMENT

                      [Form of assignment to be executed if

                   Warrant Holder desires to transfer Warrant)

      FOR VALUE RECEIVED, _______________hereby sells, assigns and transfers
unto:

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

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

---------------------------------------   --------------------------------------
(Please print name and address            Please insert Social Security or
including zip code)                       other identifying number

the right represented by the within Warrant to purchase ________ shares of
[Title of Warrant Securities] of RemedyTemp, Inc. to which the within Warrant
relates and appoints ____________________ attorney to transfer such right on the
books of the Warrant Agent with full power of substitution in the premises.

Dated

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

                                       Signature

                                       Signature must conform in all respects to
                                       name of holder as specified on the face
                                       of the Warrant

Signature Guaranteed

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

                                       1

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