Document:

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                                                                   EXHIBIT 10.40

                                     [COPY]

THE SECURITY REPRESENTED BY THIS INSTRUMENT WAS ORIGINALLY ISSUED ON OCTOBER
16, 2001 AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED.  THE TRANSFER OF SUCH SECURITY IS SUBJECT TO THE CONDITIONS
SPECIFIED IN THE PURCHASE AGREEMENT, DATED AS OF OCTOBER 15, 2001, BETWEEN
THE ISSUER HEREOF AND JZ EQUITY PARTNERS PLC, AND THE ISSUER HEREOF RESERVES
THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITY UNTIL SUCH CONDITIONS HAVE
BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER.  UPON WRITTEN REQUEST, A COPY
OF SUCH CONDITIONS WILL BE FURNISHED BY THE ISSUER HEREOF TO THE HOLDER
HEREOF WITHOUT CHARGE.

                             SAFETY HOLDINGS, INC.

                                   13.0% NOTE

                             DUE OCTOBER 31, 2011

No. R-009                                                     New York, New York
$5,000,000                                                      October 16, 2001

         SAFETY HOLDINGS, INC., a Delaware corporation (the "COMPANY"), for
value received, hereby promises to pay to the order of J/Z CBO (DELAWARE), LLC
("J/Z CBO"), or registered assigns, on October 31, 2011, the principal amount
of $5,000,000, with interest (computed on the basis of a 360-day year of twelve
30-day months) from the date hereof on the unpaid balance of such principal
amount at the rate of 13.0% PER ANNUM, payable semi-annually on each April 30
and October 31 or, if such day is not a Business Day, the next succeeding
Business Day (each, an "INTEREST PAYMENT DATE") after the date hereof,
commencing April 30, 2002, until such unpaid principal shall become due and
payable (whether at maturity or at a date fixed for prepayment or by
declaration or otherwise), and with interest on any overdue principal and
premium, if any, and (to the extent permitted by applicable law) on any overdue
interest at the rate of 15% PER ANNUM, payable semi-annually as aforesaid or,
at the option of the registered holder hereof, on demand.

         Payments of principal and interest on this Note shall be made in
lawful money of the United States of America at the principal office of Hare &
Co. c/o The Bank of New York, P.O. Box 11203, New York, NY 10249 or at such
other office or agency in New York, New York as the registered holder of this
Note shall have designated by written notice to the Company as provided in the
Purchase Agreement referred to below.  The Company may treat the Person in
whose name this Note is registered on the register kept by the Company as
provided in such Purchase Agreement as the owner of this Note for the purpose
of receiving payment and for all other purposes, and the Company shall not be
affected by any notice to the contrary.

         This Note is one of the Company's 13.0% Notes due October 31, 2011
(the "NOTES"), originally issued in the aggregate principal amount of
$30,000,000 pursuant to a purchase agreement, dated as of October 15, 2001
(together with all amendments and other modifications, if any, from time to
time thereafter made thereto, the "PURCHASE AGREEMENT"), between the

<Page>

Company and JZEP.  The registered holder of this Note is entitled to the
benefits of the Purchase Agreement and may enforce the agreements of the
Company contained therein and exercise the remedies provided for thereby or
otherwise available in respect thereof.  Reference is made to ARTICLE VIII of
the Purchase Agreement for the subordination provisions applicable hereto for
the benefit of the holders of "Senior Indebtedness" in the event of a
substantive consolidation of the estate of the Company with the estate of its
wholly-owned subsidiary Thomas Black Corporation.

         The Notes are subject to optional prepayment, in whole or in part
and without premium or penalty, and are entitled to mandatory redemption, all
as specified in the Purchase Agreement.  The Notes are also subject, under
certain circumstances, by the terms of the Purchase Agreement to the payment,
on not more than two Interest Payment Dates, of accrued interest then due
hereon by the delivery to the holder, IN LIEU of cash, of an additional note
in the amount of such accrued interest, bearing interest at a rate of 15.0%
PER ANNUM and otherwise in the form of this Note.  In case an Event of
Default, as defined in the Purchase Agreement, shall occur and be continuing,
the unpaid balance of the principal of this Note may be declared and become
due and payable in the manner and with the effect provided in the Purchase
Agreement.  By acceptance of this Note, each holder authorizes the
Representative Noteholder (as defined in the Purchase Agreement), to act on
behalf of such holder for all purposes for which the Representative
Noteholder is permitted to act pursuant to the Purchase Agreement and each
other Purchase Document (as defined in the Purchase Agreement) and agrees to
reimburse, exculpate and indemnify the Representative Noteholder and
otherwise agrees to be bound as a Noteholder in accordance with SECTION 4.11
of the Purchase Agreement.

         This Note is a registered Note and, as provided in the Purchase
Agreement, is transferable only upon surrender of this Note for registration
of transfer, duly endorsed, or accompanied by a written instrument of
transfer duly executed, by the registered holder hereof or his attorney duly
authorized in writing.

         This Note is made and delivered in New York, New York and shall be
governed by the internal laws of the State of New York.

                                       SAFETY HOLDINGS, INC.

                                       By: /s/ A. Richard Caputo, Jr.
                                          ------------------------------------
                                          Name:   A. Richard Caputo, Jr.
                                          Title:  Vice President<Page>

                                                                   EXHIBIT 10.41

                                     [COPY]

THE SECURITY REPRESENTED BY THIS INSTRUMENT WAS ORIGINALLY ISSUED ON OCTOBER 16,
2001 AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
THE TRANSFER OF SUCH SECURITY IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE
PURCHASE AGREEMENT, DATED AS OF OCTOBER 15, 2001, BETWEEN THE ISSUER HEREOF
AND JZ EQUITY PARTNERS PLC, AND THE ISSUER HEREOF RESERVES THE RIGHT TO REFUSE
THE TRANSFER OF SUCH SECURITY UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH
RESPECT TO SUCH TRANSFER.  UPON WRITTEN REQUEST, A COPY OF SUCH CONDITIONS WILL
BE FURNISHED BY THE ISSUER HEREOF TO THE HOLDER HEREOF WITHOUT CHARGE.

                               SAFETY HOLDINGS, INC.

                                    13.0% NOTE

                               DUE OCTOBER 31, 2011

No. R-010                                                     New York, New York
$10,150,000                                                     October 16, 2001

         SAFETY HOLDINGS, INC., a Delaware corporation (the "COMPANY"), for
value received, hereby promises to pay to the order of JZ EQUITY PARTNERS PLC
("JZEP"), or registered assigns, on October 31, 2011, the principal amount of
$10,150,000, with interest (computed on the basis of a 360-day year of twelve
30-day months) from the date hereof on the unpaid balance of such principal
amount at the rate of 13.0% PER ANNUM, payable semi-annually on each April 30
and October 31 or, if such day is not a Business Day, the next succeeding
Business Day (each, an "INTEREST PAYMENT DATE") after the date hereof,
commencing April 30, 2002, until such unpaid principal shall become due and
payable (whether at maturity or at a date fixed for prepayment or by
declaration or otherwise), and with interest on any overdue principal and
premium, if any, and (to the extent permitted by applicable law) on any
overdue interest at the rate of 15% PER ANNUM, payable semi-annually as
aforesaid or, at the option of the registered holder hereof, on demand.

         Payments of principal and interest on this Note shall be made in
lawful money of the United States of America at the principal office of HSBC
Bank USA (f/k/a Republic National Bank of New York) at 452 Fifth Avenue, New
York, New York or at such other office or agency in New York, New York as the
registered holder of this Note shall have designated by written notice to the
Company as provided in the Purchase Agreement referred to below.  The Company
may treat the Person in whose name this Note is registered on the register
kept by the Company as provided in such Purchase Agreement as the owner of
this Note for the purpose of receiving payment and for all other purposes,
and the Company shall not be affected by any notice to the contrary.

         This Note is one of the Company's 13.0% Notes due October 31, 2011
(the "NOTES"), originally issued in the aggregate principal amount of
$30,000,000 pursuant to a purchase agreement, dated as of October 15, 2001
(together with all amendments and other modifications,

<Page>

if any, from time to time thereafter made thereto, the "PURCHASE AGREEMENT"),
between the Company and JZEP.  The registered holder of this Note is entitled
to the benefits of the Purchase Agreement and may enforce the agreements of
the Company contained therein and exercise the remedies provided for thereby
or otherwise available in respect thereof.  Reference is made to ARTICLE VIII
of the Purchase Agreement for the subordination provisions applicable hereto
for the benefit of the holders of "Senior Indebtedness"  in the event of a
substantive consolidation of the estate of the Company with the estate of its
wholly-owned subsidiary Thomas Black Corporation.

         The Notes are subject to optional prepayment, in whole or in part
and without premium or penalty, and are entitled to mandatory redemption, all
as specified in the Purchase Agreement.  The Notes are also subject, under
certain circumstances, by the terms of the Purchase Agreement to the payment,
on not more than two Interest Payment Dates, of accrued interest then due
hereon by the delivery to the holder, IN LIEU of cash, of an additional note
in the amount of such accrued interest, bearing interest at a rate of 15.0%
PER ANNUM and otherwise in the form of this Note.  In case an Event of
Default, as defined in the Purchase Agreement, shall occur and be continuing,
the unpaid balance of the principal of this Note may be declared and become
due and payable in the manner and with the effect provided in the Purchase
Agreement.  By acceptance of this Note, each holder authorizes the
Representative Noteholder (as defined in the Purchase Agreement), to act on
behalf of such holder for all purposes for which the Representative
Noteholder is permitted to act pursuant to the Purchase Agreement and each
other Purchase Document (as defined in the Purchase Agreement) and agrees to
reimburse, exculpate and indemnify the Representative Noteholder and
otherwise agrees to be bound as a Noteholder in accordance with SECTION 4.11
of the Purchase Agreement.

         This Note is a registered Note and, as provided in the Purchase
Agreement, is transferable only upon surrender of this Note for registration
of transfer, duly endorsed, or accompanied by a written instrument of
transfer duly executed, by the registered holder hereof or his attorney duly
authorized in writing.

         This Note is made and delivered in New York, New York and shall be
governed by the internal laws of the State of New York.

                                       SAFETY HOLDINGS, INC.

                                       By: /s/ A. Richard Caputo, Jr.
                                          -----------------------------------
                                          Name:   A. Richard Caputo, Jr.
                                          Title:  Vice President

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