Document:

REGISTRATION RIGHTS AGREEMENT
                             dated as of May 2, 2001
                                      among
                                  ABC-NACO Inc.
                                       and
            THE HOLDERS OF REGISTRABLE SECURITIES REFERRED TO HEREIN

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NY1  2068814v8

NY1  2068814v8
                          REGISTRATION RIGHTS AGREEMENT
     REGISTRATION  RIGHTS  AGREEMENT  (this "Agreement") dated as of May 2, 2001
among  ABC-NACO,  INC.,  a Delaware corporation (the "Company"), and the Persons
named  on  Schedule  1  as  Holders  (each  a  "Holder"  and  collectively,  the
"Holders").
                                    RECITALS
     WHEREAS,  pursuant  to  that certain Warrant Purchase Agreement dated as of
May  2,  2001  ("Warrant  Purchase  Agreement") by and among the Company and the
Holders,  Holders  purchased  warrants exercisable for the purchase of shares of
Common  Stock of the Company (as further defined below, the "Warrants"), and the
Company has agreed to provide certain rights to Holders to cause such shares (as
further  defined below, the "Registrable Securities") to be registered under the
Securities  Act;  and
     WHEREAS,  the parties hereto hereby desire to set forth the Holders' rights
and  the  Company's  obligations  to  cause  the registration of the Registrable
Securities  under  the  Securities  Act;
NOW,  THEREFORE,  in  consideration  of  these  premises, and for other good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged,  the  parties  hereto  agree  as  follows:
Section  1.     Definitions  and  Usage.
     As  used  in  this  Agreement:
1.1.     Definitions.
     Agent.  "Agent"  shall  mean  the  principal  placement agent on an agented
placement  of  Registrable  Securities.
Commission.  "Commission"  shall  mean  the  Securities and Exchange Commission.
Common  Stock.  "Common  Stock"  shall mean (i) the common stock, par value $.01
per  share,  of  the  Company,  and  (ii) shares of capital stock of the Company
issued  by  the  Company  in respect of or in exchange for shares of such common
stock  in  connection  with  any stock dividend or distribution, stock split-up,
recapitalization,  recombination  or exchange by the Company generally of shares
of  such  common  stock.
Continuously  Effective.  "Continuously  Effective", with respect to a specified
registration  statement,  shall mean that it shall not cease to be effective and
available  for  Transfers  of  Registrable Securities thereunder for longer than
either  (i)  any  ten  (10)  consecutive  business days, or (ii) an aggregate of
fifteen (15) business days during the period specified in the relevant provision
of  this  Agreement.
Exchange  Act.  "Exchange  Act"  shall mean the Securities Exchange Act of 1934.
Excluded  Form.  "Excluded  Form"  shall  mean  a  registration  statement filed
pursuant  to  the  Securities  Act  on Form S-8, S-4 or any similar or successor
forms.
Holders.  "Holders"  shall  mean  the  Persons named on Schedule 1 as Holders of
Registrable  Securities  and Transferees of such Persons' Registrable Securities
with  respect  to  the  rights  that  such  Transferees  shall  have acquired in
accordance  with Section 10, at such times as such Persons shall own Registrable
Securities.
Initial Public Offering.  "Initial Public Offering" shall mean first offering of
shares  of  Common  Stock  registered  pursuant  to  the  Securities  Act.
Majority  Selling  Holders.  "Majority Selling Holders" shall mean those Selling
Holders  whose  Registrable Securities included in such registration represent a
majority  of the Registrable Securities of all Selling Holders included therein.
Person.  "Person"  shall  mean  any  individual, corporation, partnership, joint
venture,  association,  joint-stock  company,  limited liability company, trust,
unincorporated  organization  or  government  or  other  agency  or  political
subdivision  thereof.
Piggyback  Registration.  "Piggyback  Registration"  shall  have the meaning set
forth  in  Section  4.
Register,  Registered  and  Registration.  "Register",  "registered",  and
"registration"  shall refer to a registration effected by preparing and filing a
registration  statement  or  similar  document in compliance with the Securities
Act,  and the declaration or ordering by the Commission of effectiveness of such
registration  statement  or  document.
Registrable Securities.  "Registrable Securities" shall mean, subject to Section
10  and  Section  12.3:  any  shares  of  Warrant  Stock.  For  purposes of this
Agreement,  a  Person  will  be  deemed to be a Holder of Registrable Securities
whenever  such  Person  has  the then-existing right to acquire such Registrable
Securities  (by  conversion,  purchase  or  otherwise),  whether  or  not  such
acquisition  has  actually  been  effected.
Registrable  Securities  then  outstanding.  "Registrable  Securities  then
outstanding"  shall  mean,  with  respect to a specified determination date, the
Registrable  Securities  owned  by  all  Holders  on  such  date.
Registration Expenses.  "Registration Expenses" shall have the meaning set forth
in  Section  8.1.
Securities  Act.  "Securities  Act"  shall  mean  the  Securities  Act  of 1933.
Selling  Holders.  "Selling  Holders"  shall  mean,  with respect to a specified
registration  pursuant  to  this Agreement, Holders whose Registrable Securities
are  included  in  such  registration.
Shelf  Registration.  "Shelf  Registration"  shall have the meaning set forth in
Section  2.1.
Shelf  Registration  Statement.  "Shelf  Registration  Statement" shall mean the
registration  statement  filed  with  the  Commission  with respect to the Shelf
Registration.
Transfer.  "Transfer"  shall  mean  and  include  the  act  of  selling, giving,
transferring,  creating  a  trust  (voting or otherwise), assigning or otherwise
disposing  of  (other  than pledging, hypothecating or otherwise transferring as
security)  (and  correlative  words  shall  have correlative meanings); provided
however,  that  any  transfer  or  other  disposition  upon foreclosure or other
exercise  of  remedies  of a secured creditor after an event of default under or
with  respect  to  a  pledge,  hypothecation or other transfer as security shall
constitute  a  "Transfer".
Underwriters'  Representative.  "Underwriters'  Representative  shall  mean  the
managing underwriter, or, in the case of a co-managed underwriting, the managing
underwriter  designated  as the Underwriters' Representative by the co-managers.
Violation.  "Violation"  shall  have  the  meaning  set  forth  in  Section 9.1.
Warrants.  "Warrants"  shall  mean  the  Warrants  issued to the initial Holders
pursuant  to  the  Warrant  Purchase  Agreement,  and  all  Warrants issued upon
transfer,  division  or  combination  of, or in substitution for such Warrant or
Warrants.
Warrant Purchase Agreement.  "Warrant Purchase Agreement" shall have the meaning
set  forth  in  the  Recitals.
Warrant  Stock.  "Warrant Stock" generally shall mean the shares of Common Stock
issued,  issuable  or  both  (as  the  context may require) upon the exercise of
Warrants  until  such  time  as such shares of Common Stock have either been (i)
Transferred  in  a  public  offering  pursuant to a registration statement filed
under  the  Securities  Act or (ii) Transferred in a transaction exempt from the
registration  and  prospectus  delivery requirements of the Securities Act under
Section 4(1) thereof with all transfer restrictions and restrictive legends with
respect  to such Common Stock being removed in connection with such transaction.
1.2.     Usage.
(i)     References to a Person are also references to its assigns and successors
     in  interest  (by  means  of  merger,  consolidation  or  sale  of  all  or
substantially  all  the assets of such Person or otherwise, as the case may be).
(ii)     References  to Registrable Securities "owned" by a Holder shall include
Registrable  Securities  beneficially owned by such Person but which are held of
record  in  the name of a nominee, trustee, custodian, or other agent, but shall
exclude  shares  of  Common  Stock  held by a Holder in a fiduciary capacity for
customers  of  such  Person.
(iii)     References  to  a  document are to it as amended, waived and otherwise
modified  from  time  to  time and references to a statute or other governmental
rule  are  to  it  as  amended  and  otherwise  modified  from time to time (and
references  to  any  provision thereof shall include references to any successor
provision).
(iv)     References  to  Sections  or  to  Schedules or Exhibits are to sections
hereof  or  schedules or exhibits hereto, unless the context otherwise requires.
(v)     The  definitions  set  forth  herein  are equally applicable both to the
singular  and  plural  forms and the feminine, masculine and neuter forms of the
terms  defined.
(vi)     The  term  "including"  and  correlative  terms  shall  be deemed to be
followed  by "without limitation" whether or not followed by such words or words
of  like  import.
(vii)     The  term  "hereof"  and  similar  terms  refer to this Agreement as a
whole.
(viii)     The  "date of" any notice or request given pursuant to this Agreement
shall  be  determined  in  accordance  with  Section  16.
Section  2.     Shelf  Registration.
2.1.     The  Company  shall,  at  its  sole  cost  and  expense,  file with the
Commission  and  thereafter  shall  use its best efforts to cause to be declared
effective, not later than the earlier of (i) ninety (90) calendar days after the
     issuance  of Series C Cumulative Convertible Participating Preferred Stock,
par  value  $1.00, of the Company and (ii) one hundred and eighty (180) calendar
days  after  the  date  of  this Agreement, a registration statement (the "Shelf
Registration  Statement"),  on  a Form S-3 or any successor form thereto, if the
Company  is  then  eligible  to use such form, relating to the offer and sale of
Registrable  Securities by the Holders thereof, from time to time, in accordance
with  the  methods of distribution set forth in the Shelf Registration Statement
and  Rule  415 under the Securities Act (hereinafter, the "Shelf Registration");
provided, however, that no Holder of Registrable Securities shall be entitled to
have  its  Registrable  Securities  covered by such Shelf Registration Statement
unless  such  Holder agrees in writing to be bound by all the provisions of this
Agreement  applicable  to  such  Holder.
2.2.     The  Company  shall use its best efforts to keep the Shelf Registration
Statement  Continuously  Effective  in  order  to permit the prospectus included
therein  to be lawfully delivered by the Holders of Registrable Securities until
all  the Registrable Securities covered by the Shelf Registration Statement have
been  sold  pursuant  thereto.  The Company shall be deemed not to have used its
best  efforts  to  keep  the Shelf Registration Statement Continuously Effective
during the requisite period if it voluntarily takes any action that would result
in Holders of Registrable Securities covered thereby not being able to offer and
sell  such  Registrable  Securities  during  that  period, unless such action is
required  by  applicable  law.
2.3.     Notwithstanding any other provisions of this Agreement to the contrary,
the  Company  shall  cause  the  Shelf  Registration  Statement  and the related
prospectus  and any amendment or supplement thereto, as of the effective date of
the  Shelf Registration Statement, amendment or supplement, (A) to comply in all
material respects with the applicable requirements of the Securities Act and the
rules  and  regulations  of  the  Commission  and  (B) not to contain any untrue
statement  of  a  material  fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in light of
the  circumstances  under  which  they  were  made,  not  misleading.
Section  3.     Shelf  Registration  Procedures.  In  connection  with any Shelf
Registration  contemplated  by  Section 2 hereof, the following provisions shall
apply:
3.1.     The Company shall (A) furnish to each Holder of Registrable Securities,
     if  applicable,  prior to the filing thereof with the Commission, a copy of
the Shelf Registration Statement and each amendment thereof and each supplement,
if  any, to the prospectus included therein and, in the event that any Holder of
Registrable  Securities,  if  applicable,  is  participating  in  the  Shelf
Registration  Statement,  shall  use  its  best  efforts to reflect in each such
document,  when  so  filed  with the Commission, such comments as such Holder of
Registrable  Securities,  if applicable, reasonably may propose; and (B) include
the  names  of  the  Holders  of  Registrable  Securities  who  propose  to sell
Registrable  Securities  pursuant to the Shelf Registration Statement as selling
security  holders.
3.2.     The  Company  shall  advise  (and  confirm  such  advice  in writing if
requested by the recipient of the advice) the Holders of Registrable Securities,
if  applicable:
     (A)     when  the Shelf Registration Statement or any amendment thereto has
been  filed with the Commission and when the Shelf Registration Statement or any
post-effective  amendment  thereto  has  become  effective;
(B)     of  any  request  by the Commission for amendments or supplements to the
Shelf  Registration  Statement  or  the  prospectus  included  therein  or  for
additional  information;
(C)     of  the  issuance  by  the  Commission  of any stop order suspending the
effectiveness  of  the  Shelf  Registration  Statement  or the initiation of any
proceedings  for  that  purpose;
(D)     of  the  receipt of the Company or its legal counsel of any notification
with  respect  to  the  suspension  of  the  qualification  of  the  Registrable
Securities  for sale in any jurisdiction or the initiation or threatening of any
proceeding  for  such  purpose;  and
(E)     of  the happening of any event that requires the Company to make changes
in  the  Shelf  Registration Statement or the prospectus in order that the Shelf
Registration Statement or the prospectus does not contain an untrue statement of
a  material fact nor omit to state a material fact required to be stated therein
or  necessary  to  make  the  statements  therein  not  misleading.
3.3.     The  Company shall use its best efforts to obtain the withdrawal at the
earliest  possible  time  of any order suspending the effectiveness of the Shelf
Registration  Statement.
3.4.     The  Company  shall  furnish  to  each Holder of Registrable Securities
included within the coverage of the Shelf Registration, without charge, at least
one  copy  of  the Shelf Registration Statement and any post-effective amendment
thereto,  including  financial  statements  and schedules, and, if the Holder of
Securities  so  requests  in  writing, all exhibits thereto (including those, if
any,  incorporated  by  reference).
3.5.     The  Company  shall  deliver  to  each Holder of Registrable Securities
included  within the coverage of the Shelf Registration, without charge, as many
copies of the prospectus (including each preliminary prospectus) included in the
Shelf  Registration  Statement  and  any amendment or supplement thereto as such
person  may reasonably request.  The Company consents, subject to the provisions
of  this  Agreement, to the use of the prospectus or any amendment or supplement
thereto  included  in  the  Shelf  Registration Statement by each of the Selling
Holders  of  the Registrable Securities in connection with the offering and sale
of  the  Securities  covered  by  such  prospectus  or  any  such  amendment  or
supplement.
3.6.     Prior  to  any public offering of the shares of Securities, pursuant to
any  Shelf  Registration  Statement,  the  Company  shall register or qualify or
cooperate  with the Holders of Registrable Securities included therein and their
respective  counsel  in connection with the registration or qualification of the
Registrable  Securities  for  offer  and sale under the securities or "blue sky"
laws of such states of the United States as any Holder of Registrable Securities
covered  by  such  Shelf  Registration  Statement;  provided,  however, that the
Company  shall  not  be  required to (A) qualify generally to do business in any
jurisdiction  where  it  is  not  then so qualified or (B) take any action which
would  subject  it  to  general  service  of  process  or  to  taxation  in  any
jurisdiction  where  it  is  not  then  so  subject.
3.7.     The  Company shall cooperate with the Holders of Registrable Securities
to  facilitate  the timely preparation and delivery of certificates representing
such  Registrable  Securities  free  of  any  restrictive  legends  and  in such
denominations  and  registered  in  such  names  as  the  Holders of Registrable
Securities  may  request  a  reasonable  period  of  time  prior to sales of the
Registrable  Securities  pursuant  to  such  Shelf  Registration  Statement.
3.8.     Upon the occurrence of any event contemplated by paragraphs (B) through
(E)  of Section 3.2 above during the period for which the Company is required to
maintain  an  effective Shelf Registration Statement, the Company shall promptly
prepare  and file a post-effective amendment to the Shelf Registration Statement
or  a  supplement  to  the related prospectus and any other required document so
that,  as  thereafter  delivered  to  Holders  of  Registrable  Securities,  the
prospectus  will  not  contain an untrue statement of a material fact or omit to
state  any  material fact required to be stated therein or necessary to make the
statements  therein,  in  light of the circumstances under which they were made,
not  misleading.  If  the Company notifies the Holders of Registrable Securities
then the Holders of Registrable Securities shall suspend use of such prospectus,
and the period of effectiveness of the Shelf Registration Statement provided for
in  Section  2  above shall be extended by the number of days from and including
the date of the giving of such notice to and including the date when the Holders
of  Registrable  Securities  shall  have  received  such amended or supplemented
prospectus  pursuant  to  this  Section  3.8.
3.9.     The  Company  will  comply  with  all  rules  and  regulations  of  the
Commission  to  the  extent  and  so  long  as  they are applicable to the Shelf
Registration  and  will  make  generally  available  to its security holders (or
otherwise  provide  in  accordance  with Section 11(a) of the Securities Act) an
earnings  statement  (which  need  not  be audited) satisfying the provisions of
Section 11(a) of the Securities Act, no later than forty-five (45) calendar days
after the end of a 12-month period (or ninety (90) calendar days, if such period
is  a  fiscal year) beginning with the first month of the Company's first fiscal
quarter commencing after the effective date of the Registration Statement, which
statement  shall  cover  such  12-month  period.
3.10.     Each Holder of Registrable Securities to be sold pursuant to the Shelf
Registration  Statement  shall furnish to the Company such information regarding
such  Holder  and  the distribution of the Registrable Securities as the Company
may  from time to time reasonably require and request for inclusion in the Shelf
Registration  Statement  (and  shall promptly correct any information previously
furnished  if  the  inclusion  of  such  information  in such Shelf Registration
Statement  would be materially misleading), and the Company may exclude from the
Shelf  Registration  the  Registrable Securities of any Holder that unreasonably
fails  to furnish such information within a reasonable time after receiving such
request.
3.11.     The  Company  shall enter into such customary agreements (including if
requested  an  underwriting agreement in customary form) and take all such other
action, if any, as any Holder of Registrable Securities shall reasonably request
in order to facilitate the disposition of the Registrable Securities pursuant to
any  Shelf  Registration.  If an underwriting agreement is entered into pursuant
to  this  paragraph,  the  Company  shall  cause  any  such agreement to contain
indemnification  provisions  and  procedures  substantially similar to those set
forth in Section 9 hereof (or such other procedures acceptable to the Holders of
a  majority  of  the  aggregate  principal  amount of the Registrable Securities
registered  under  the  applicable Shelf Registration Statement and the managing
underwriters,  if any) with respect to all parties to be indemnified pursuant to
Section  9  hereof.
3.12.     In  the  case  of  any  Shelf Registration, the Company shall (A) make
reasonably  available  for  inspection  by the Holders of Registrable Securities
covered by such Shelf Registration Statements, any attorney, accountant or other
agent  retained  by such Holders or any such underwriters all relevant financial
and  other  records, pertinent corporate documents and properties of the Company
and  (B)  cause  the  Company's  officers, directors, employees, accountants and
auditors  to  supply  all  relevant information reasonably requested by any such
Holders  of Registrable Securities or any such underwriter, attorney, accountant
or  agent  in  connection with the Shelf Registration Statement, in each case as
shall  be  reasonably  necessary, in the judgment of any such Holder or any such
underwriter,  attorney,  accountant  or  agent referred to in this paragraph, to
conduct  a  reasonable  investigation  within  the  meaning of Section 11 of the
Securities Act; provided, however, that the foregoing inspection and information
gathering shall be coordinated on behalf of Holders of Registrable Securities by
one  counsel  designated  by  and on behalf of such other parties; and provided,
further,  that  as  to  any  information  that  is  designated in writing by the
Company,  in  good  faith,  as  confidential  at  the  time  of  delivery,  such
information  shall  be  kept  confidential  by  such  Holders  or  by  any  such
underwriter,  attorney,  accountant  or  other  agent.
3.13.     In  the case of any Shelf Registration, (A) the Company, if reasonably
requested by Holders of a majority of the Registrable Securities covered by such
Shelf  Registration,  which  request  shall  not  be more frequent than once per
fiscal  quarter,  shall  cause  its  counsel  to  deliver an opinion and updates
thereof  relating  to the Securities in customary form addressed to such Holders
of  Registrable  Securities  and  dated, in the case of the initial opinion, the
effective  date  of  such Shelf Registration Statement, provided such opinion is
requested  prior  to  the effective date (it being agreed that the matters to be
covered  by  such opinion shall include such matters as are customarily included
in  opinions  requested  in  underwritten  offerings);  and  (B) the Company, if
requested  by  any majority of Holders of Registrable Securities covered by such
Shelf  Registration,  shall  cause  its  officers  to  execute  and  deliver all
customary  documents  and certificates and updates thereof reasonably requested.
3.14.     In  the event that any broker-dealer registered under the Exchange Act
shall  underwrite  any  Registrable  Securities or participate as a member of an
underwriting  syndicate or selling group or "assist in the distribution" (within
the  meaning  of  the  Rules  of  Fair  Practice and the By-Laws of the National
Association  of  Securities Dealers, Inc. ("NASD")) thereof, whether as a Holder
of  such Registrable Securities or as an underwriter, a placement or sales agent
or  a  broker  or dealer in respect thereof, or otherwise, the Company shall use
its best efforts to assist such broker-dealer in complying with the requirements
of  such  Rules and By-Laws, including, without limitation, by (A) if such Rules
or  By-Laws shall so require, engaging a "qualified independent underwriter" (as
defined  in  Section  2720  thereof)  to  participate  in the preparation of the
Registration  Statement  relating  to  such  Registrable Securities, to exercise
usual  standards  of due diligence in respect thereto and, if any portion of the
offering  contemplated  by  such Shelf Registration Statement is an underwritten
offering  or  is made through a placement or sales agent, to recommend the yield
of  such Securities, (B) indemnifying any such qualified independent underwriter
to  the  extent  of  the  indemnification  of underwriters provided in Section 9
hereof,  and  (C)  providing  such  information  to such broker-dealer as may be
required  in order for such broker-dealer to comply with the requirements of the
Rules  of  Fair  Practice  of  the  NASD.
3.15.     The  Company  shall  use  its  best  efforts  to  take all other steps
necessary  to effect the registration of the Registrable Securities covered by a
Shelf  Registration  Statement  contemplated  hereby.
Section  4.     Piggyback  Registrations.
4.1.     The  Company  shall  notify  all  Holders  of Registrable Securities in
writing  at least forty-five (45) calendar days prior to filing any registration
statement  under  the Securities Act for purposes of effecting a public offering
of  securities  of  the  Company  (including,  but  not limited to, registration
statements  relating  to  secondary  offerings of securities of the Company, but
excluding  registration  statements  on  an  Excluded  Form  or  relating to any
employee  benefit plan or a corporate reorganization) and shall afford each such
Holder  an opportunity to include in such registration statement all or any part
of the Registrable Securities then held by such Holder.  Each Holder desiring to
     include  in  any  such  registration  statement  all  or  any  part  of the
Registrable  Securities  held  by such Holder shall, within twenty (20) calendar
days after receipt of the above-described notice from the Corporation, so notify
the  Corporation  in writing, and in such notice shall inform the Corporation of
the  number  of  Registrable  Securities  such  Holder wishes to include in such
registration  statement.  If  a  Holder  decides  not  to  include  all  of  its
Registrable  Securities  in  any  registration statement thereafter filed by the
Company,  such  Holder  shall nevertheless continue to have the right to include
any  Registrable  Securities  in  any  subsequent  registration  statement  or
registration statements as may be filed by the Company with respect to offerings
of  its  securities,  all  upon  the  terms  and  conditions  set  forth herein.
4.2.     If  the  registration  statement  under  which the Company gives notice
under  this  Section  4  (the  "Piggyback  Registration") is for an underwritten
offering,  the Company shall so advise the Holders of Registrable Securities. In
such event, the right of any such Holder's Registrable Securities to be included
in  a  registration  pursuant  to  this Section 4 shall be conditioned upon such
Holder's  participation  in such underwriting and the inclusion of such Holder's
Registrable  Securities  in the underwriting to the extent provided herein.  All
Holders  proposing  to  distribute  their  Registrable  Securities  through such
underwriting  shall  enter into an underwriting agreement in such customary form
with  the  managing  underwriter or underwriters selected for such underwriting.
If any Holder disapproves of the terms of any such underwriting, such Holder may
elect  to  withdraw  therefrom  by  written  notice  to  the  Company  and  the
underwriter,  delivered  at  least five (5) business days prior to the effective
date  of  the  registration  statement.  Any  Registrable Securities excluded or
withdrawn  from  such  underwriting  shall  be  excluded  and withdrawn from the
registration.
4.3.     If  any  of  the  Registrable  Securities  registered  pursuant  to any
Piggyback  Registration  are  to  be  sold  in  one  or  more  firm  commitment
underwritten  offerings,  and  the  managing  underwriters advise in writing the
Company  and  the  holders  of  such Registrable Securities that in its or their
opinion  or, in the case of a Piggyback Registration not being underwritten, the
Company  shall  reasonably  determine  (and  notify  the  holders of Registrable
Securities  of such determination), after consultation with an investment banker
of  nationally  recognized  standing,  that the number of shares of Common Stock
(including  Registrable Securities) proposed to be sold in such offering exceeds
the  maximum number of shares of Common Stock that can be sold in such offering,
the  Company  shall  include  in  such  registration only such maximum number of
shares  of Common Stock (including Registrable Securities) which, in the opinion
of  such  underwriter  or  underwriters,  or  the  Company,  as the case may be,
selected  in  the  following  order of priority: (A) first, all of the shares of
Common  Stock that the Company proposes to sell for its own account, if any, and
(B)  second,  the  securities  requested  to  be included therein, and which the
managing  underwriters  shall  in  their  reasonable  discretion deem advisable,
allocated  pro  rata,  based upon the number of shares of Common Stock that each
such  person  shall  have  requested  to  be  included  therein.
Section  5.     Additional  Registration Rights.  Except for registration rights
disclosed in Schedule 12.3, if the Company grants registration rights to holders
     of  any  security  of  the Company which are more favorable to such holders
than  the  registration  rights  granted  hereunder,  then  such  more favorable
registration  rights  shall  also  be deemed to be granted to the Holders of the
Registrable  Securities  hereunder, and the Company covenants and agrees to take
any and all steps necessary to modify the terms of this Agreement to so provide.
Section  6.     Registration  Procedures.  Whenever  required under Section 4 to
effect  the  registration  of  any Registrable Securities, the Company shall, as
expeditiously  as  practicable:
(i)     Prepare  and  file  with  the  Commission  a registration statement with
respect  to  such  Registrable  Securities and use the Company's best efforts to
cause  such  registration statement to become effective; provided, however, that
before  filing  a  registration  statement  or  prospectus  or any amendments or
supplements  thereto,  including  documents  incorporated by reference after the
initial filing of the registration statement and prior to effectiveness thereof,
     the  Company  shall  furnish to one firm of counsel for the Selling Holders
(selected  by Majority Selling Holders) copies of all such documents in the form
substantially  as  proposed  to  be  filed with the Commission at least four (4)
business  days  prior  to  filing  for review and comment by such counsel, which
opportunity  to  comment  shall  include an absolute right to control or contest
disclosure  if  the applicable Selling Holder reasonably believes that it may be
subject  to  controlling  person liability under applicable securities laws with
respect  thereto.
(ii)     Prepare and file with the Commission such amendments and supplements to
such  registration  statement  and  the  prospectus used in connection with such
registration  statement as may be necessary to comply with the provisions of the
Securities  Act  and  rules  thereunder  with  respect to the disposition of all
securities  covered  by such registration statement.  If the registration is for
an  underwritten offering, the Company shall amend the registration statement or
supplement  the  prospectus  whenever  required by the terms of the underwriting
agreement  entered  into  pursuant  to  Section  4.2.
(iii)     Furnish  to  each  Selling  Holder  of Registrable Securities, without
charge,  such numbers of copies of the registration statement, any pre-effective
or  post-effective amendment thereto, the prospectus, including each preliminary
prospectus and any amendments or supplements thereto, in each case in conformity
with  the  requirements of the Securities Act and the rules thereunder, and such
other  related  documents  as  any such Selling Holder may reasonably request in
order  to  facilitate  the  disposition  of Registrable Securities owned by such
Selling  Holder.
(iv)     Use  the  Company's  best  efforts  (i)  to  register  and  qualify the
securities covered by such registration statement under such other securities or
Blue  Sky  laws of such states or jurisdictions as shall be reasonably requested
by the Underwriters' Representative or Agent (as applicable, or if inapplicable,
the  Majority  Selling  Holders), and (ii) to obtain the withdrawal of any order
suspending  the effectiveness of a registration statement, or the lifting of any
suspension  of  the qualification (or exemption from qualification) of the offer
and  transfer  of  any of the Registrable Securities in any jurisdiction, at the
earliest  possible  moment;  provided,  however,  that  the Company shall not be
required  in  connection  therewith  or  as a condition thereto to qualify to do
business  or  to file a general consent to service of process in any such states
or  jurisdictions.
(v)     In  the  event  of  any underwritten or agented offering, enter into and
perform  the  Company's  obligations  under  an underwriting or agency agreement
(including  indemnification  and  contribution  obligations  of  underwriters or
agents),  in  usual  and  customary  form,  with  the  managing  underwriter  or
underwriters  of  or agents for such offering.  The Company shall also cooperate
with  the Majority Selling Holders and the Underwriters' Representative or Agent
for  such  offering in the marketing of the Registrable Shares, including making
available  the  Company's  officers,  accountants,  counsel, premises, books and
records  for  such  purpose,  but the Company shall not be required to incur any
material  out-of-pocket  expense  pursuant  to  this  sentence.
(vi)     Promptly  notify  each  Selling  Holder  of  any  stop  order issued or
threatened  to be issued by the Commission in connection therewith (and take all
reasonable actions required to prevent the entry of such stop order or to remove
it  if  entered.
(vii)     Make  generally  available to the Company's security holders copies of
all  periodic  reports,  proxy  statements, and other information referred to in
Section  12.1  and  an  earnings  statement satisfying the provisions of Section
11(a)  of  the  Securities  Act  no  later than 90 days following the end of the
12-month  period  beginning  with  the first month of the Company's first fiscal
quarter commencing after the effective date of each registration statement filed
pursuant  to  this  Agreement.
(viii)     Make  available for inspection by any Selling Holder, any underwriter
participating  in  such  offering and the representatives of such Selling Holder
and Underwriter (but not more than one firm of counsel to such Selling Holders),
all  financial  and  other information as shall be reasonably requested by them,
and  provide  the Selling Holder, any underwriter participating in such offering
and  the  representatives of such Selling Holder and Underwriter the opportunity
to discuss the business affairs of the Company with its principal executives and
independent  public  accountants  who  have  certified  the  audited  financial
statements  included  in  such  registration  statement,  in  each  case  all as
necessary  to  enable  them to exercise their due diligence responsibility under
the  Securities  Act;  provided,  however,  that  information  that  the Company
determines, in good faith, to be confidential and which the Company advises such
Person  in  writing,  is  confidential shall not be disclosed unless such Person
signs  a confidentiality agreement reasonably satisfactory to the Company or the
related  Selling  Holder  of Registrable Securities agrees to be responsible for
such  Person's breach of confidentiality on terms reasonably satisfactory to the
Company.
(ix)     Use  the  Company's best efforts to obtain a so-called "comfort letter"
from  its  independent  public accountants, and legal opinions of counsel to the
Company  addressed  to  the Selling Holders, in customary form and covering such
matters  of  the  type  customarily  covered by such letters, and in a form that
shall be reasonably satisfactory to Majority Selling Holders.  The Company shall
furnish  to  each Selling Holder a signed counterpart of any such comfort letter
or  legal  opinion.  Delivery  of  any  such  opinion or comfort letter shall be
subject  to  the  recipient  furnishing  such  written  representations  or
acknowledgements as are customarily provided by selling shareholders who receive
such  comfort  letters  or  opinions.
(x)     Provide  and  cause  to be maintained a transfer agent and registrar for
all Registrable Securities covered by such registration statement from and after
a  date  not  later  than  the  effective  date  of such registration statement.
(xi)     Use  all reasonable efforts to cause the Registrable Securities covered
by  such  registration  statement  (i)  if  the Common Stock is then listed on a
securities exchange or included for quotation in a recognized trading market, to
continue  to  be so listed or included for a reasonable period of time after the
offering, and (ii) to be registered with or approved by such other United States
or  state  governmental agencies or authorities as may be necessary by virtue of
the  business  and  operations  of  the Company to enable the Selling Holders of
Registrable  Securities  to  consummate  the  disposition  of  such  Registrable
Securities.
(xii)     Use the Company's reasonable efforts to provide a CUSIP number for the
Registrable  Securities  prior  to  the effective date of the first registration
statement  including  Registrable  Securities.
(xiii)     Take  such  other  actions  as  are  reasonably  required in order to
expedite  or  facilitate  the  disposition of Registrable Securities included in
each  such  registration.
Section  7.     Holders'  Obligations.  It shall be a condition precedent to the
obligations  of  the  Company to take any action pursuant to this Agreement with
respect  to  the  Registrable  Securities  of  any Selling Holder of Registrable
Securities  that  such  Selling  Holder  shall:
(i)     Furnish  to  the Company such information regarding such Selling Holder,
the number of the Registrable Securities owned by it, and the intended method of
     disposition  of  such  securities  as  shall  be  required  to  effect  the
registration  of  such Selling Holder's Registrable Securities, and to cooperate
with  the  Company  in  preparing  such  registration;
(ii)     Agree  to  sell their Registrable Securities to the underwriters at the
same  price and on substantially the same terms and conditions as the Company or
the  other  Persons  on  whose behalf the registration statement was being filed
have  agreed to sell their securities, and to execute the underwriting agreement
agreed  to  by the Majority Selling Holders, as the case may be pursuant to this
Agreement  or  the  Company  and  the  Majority  Selling  Holders.
Section  8.     Expenses  of  Registration.  Expenses  in  connection  with
registrations pursuant to this Agreement shall be allocated and paid as follows:
8.1.     With respect to each Shelf Registration, the Company shall bear and pay
     all  expenses  incurred  in  connection  with  any registration, filing, or
qualification  of  Registrable Securities with respect to such Registrations for
each  Selling  Holder  (which  right  may  be  assigned  to  any  Person to whom
Registrable  Securities  are  Transferred as permitted by Section 10), including
all  registration,  filing  and National Association of Securities Dealers, Inc.
fees,  all  fees and expenses of complying with securities or blue sky laws, all
word  processing,  duplicating  and  printing  expenses,  messenger and delivery
expenses,  the reasonable fees and disbursements of counsel for the Company, and
of the Company's independent public accountants, including the expenses of "cold
comfort" letters required by or incident to such performance and compliance, and
the  reasonable  fees  and  disbursements of one firm of counsel for the Selling
Holders  of  Registrable  Securities  (selected  by Holders of a majority of the
Registrable  Securities  covered  by such Shelf Registration) (the "Registration
Expenses"),  but  excluding  underwriting  discounts and commissions relating to
Registrable  Securities  (which shall be paid on a pro rata basis by the Selling
Holders).
8.2.     The  Company  shall  bear and pay all Registration Expenses incurred in
connection  with  any  Piggyback  Registrations  pursuant  to Section 4 for each
Selling Holder (which right may be Transferred to any Person to whom Registrable
Securities  are  Transferred  as  permitted  by  Section  10),  but  excluding
underwriting discounts and commissions relating to Registrable Securities (which
shall  be  paid  on  a  pro  rata  basis  by  the Selling Holders of Registrable
Securities).
8.3.     Any failure of the Company to pay any Registration Expenses as required
by  this  Section  8 shall not relieve the Company of its obligations under this
Agreement.
Section 9.     Indemnification; Contribution.  If any Registrable Securities are
     included  in  a  registration  statement  under  this  Agreement:
9.1.     To  the extent permitted by applicable law, the Company shall indemnify
and  hold  harmless  each Selling Holder, each Person, if any, who controls such
Selling  Holder  within  the  meaning  of  the Securities Act, and each officer,
director,  partner,  and  employee  of  such Selling Holder and such controlling
Person,  against  any  and all losses, claims, damages, liabilities and expenses
(joint  or several), including attorneys' fees and disbursements and expenses of
investigation,  incurred  by  such  party  pursuant  to any actual or threatened
action,  suit,  proceeding  or  investigation,  or to which any of the foregoing
Persons  may  become subject under the Securities Act, the Exchange Act or other
federal  or state laws, insofar as such losses, claims, damages, liabilities and
expenses  arise  out  of  or  are  based  upon  any of the following statements,
omissions  or  violations  (collectively  a  "Violation"):
(i)     Any  untrue  statement  or  alleged  untrue statement of a material fact
contained  in  such registration statement, including any preliminary prospectus
or final prospectus contained therein, or any amendments or supplements thereto;
(ii)     The  omission  or  alleged  omission  to  state therein a material fact
required  to  be stated therein, or necessary to make the statements therein not
misleading;  or
(iii)     Any  violation  or  alleged violation by the Company of the Securities
Act,  the  Exchange  Act,  any  applicable  state  securities law or any rule or
regulation  promulgated  under  the  Securities  Act,  the  Exchange  Act or any
applicable  state  securities  law;
provided,  however,  that the indemnification required by this Section 9.1 shall
not  apply  to  amounts  paid  in  settlement  of  any such loss, claim, damage,
liability  or  expense if such settlement is effected without the consent of the
Company  (which  consent  shall  not  be  unreasonably  withheld), nor shall the
Company  be  liable in any such case for any such loss, claim, damage, liability
or  expense  to  the  extent  that it arises out of or is based upon a Violation
which  occurs  in  reliance  upon  and  in  conformity  with written information
furnished  to  the  Company  by  the  indemnified  party  expressly  for  use in
connection  with  such  registration;  provided,  further,  that  the  indemnity
agreement  contained in this Section 9 shall not apply to any underwriter to the
extent  that  any  such loss is based on or arises out of an untrue statement or
alleged  untrue statement of a material fact, or an omission or alleged omission
to  state  a  material  fact,  contained  in  or  omitted  from  any preliminary
prospectus  if  the  final  prospectus  shall  correct  such untrue statement or
alleged  untrue  statement,  or such omission or alleged omission, and a copy of
the  final  prospectus  has not been sent or given to such person at or prior to
the  confirmation  of  sale  to  such  person  if  such underwriter was under an
obligation  to  deliver  such final prospectus and failed to do so.  The Company
shall  also indemnify underwriters, selling brokers, dealer managers and similar
securities  industry  professionals  participating  in  the  distribution, their
officers,  directors,  agents  and  employees  and each person who controls such
persons (within the meaning of Section 15 of the Securities Act or Section 20 of
the  Exchange  Act)  to  the  same  extent as provided above with respect to the
indemnification  of  the  Selling  Holders.
9.2.     To  the  extent  permitted by applicable law, each Selling Holder shall
indemnify  and  hold  harmless  the  Company, each of its directors, each of its
officers  who shall have signed the registration statement, each Person, if any,
who  controls  the  Company  within the meaning of the Securities Act, any other
Selling Holder, any controlling Person of any such other Selling Holder and each
     officer,  director,  partner, and employee of such other Selling Holder and
such  controlling  Person,  against  any  and  all  losses,  claims,  damages,
liabilities  and  expenses  (joint  and  several), including attorneys' fees and
disbursements  and expenses of investigation, incurred by such party pursuant to
any  actual or threatened action, suit, proceeding or investigation, or to which
any  of  the foregoing Persons may otherwise become subject under the Securities
Act,  the  Exchange  Act or other federal or state laws, insofar as such losses,
claims,  damages,  liabilities  and  expenses arise out of or are based upon any
Violation,  in  each  case  to  the  extent  (and  only to the extent) that such
Violation  occurs  in  reliance  upon and in conformity with written information
furnished  by  such  Selling  Holder  expressly  for use in connection with such
registration;  provided,  however, that (x) the indemnification required by this
Section  9.2  shall  not  apply  to amounts paid in settlement of any such loss,
claim,  damage,  liability  or  expense  if  settlement  is effected without the
consent  of the relevant Selling Holder of Registrable Securities, which consent
shall  not be unreasonably withheld, and (y) in no event shall the amount of any
indemnity  under  this Section 9.2 exceed the gross proceeds from the applicable
offering  received  by  such  Selling  Holder.
9.3.     Promptly  after receipt by an indemnified party under this Section 9 of
notice  of  the  commencement  of any action, suit, proceeding, investigation or
threat thereof made in writing for which such indemnified party may make a claim
under  this  Section 9, such indemnified party shall deliver to the indemnifying
party  a  written  notice of the commencement thereof and the indemnifying party
shall  have  the  right  to  participate in, and, to the extent the indemnifying
party  so  desires, jointly with any other indemnifying party similarly noticed,
to assume the defense thereof with counsel mutually satisfactory to the parties;
provided,  however, that an indemnified party shall have the right to retain its
own  counsel,  with  the  fees  and disbursements and expenses to be paid by the
indemnifying  party,  if representation of such indemnified party by the counsel
retained  by  the  indemnifying  party  would  be inappropriate due to actual or
potential differing interests between such indemnified party and any other party
represented  by such counsel in such proceeding.  The failure to deliver written
notice  to  the  indemnifying  party  within  a  reasonable  time  following the
commencement  of  any  such action, if prejudicial to its ability to defend such
action,  shall  relieve  such  indemnifying  party  of  any  liability  to  the
indemnified  party  under  this Section 9 but shall not relieve the indemnifying
party  of any liability that it may have to any indemnified party otherwise than
pursuant  to  this Section 9.  Any fees and expenses incurred by the indemnified
party (including any fees and expenses incurred in connection with investigating
or  preparing  to  defend  such  action  or  proceeding)  shall  be  paid to the
indemnified  party,  as  incurred,  within  thirty  (30)  days of written notice
thereof  to  the  indemnifying  party  (regardless  of  whether it is ultimately
determined  that  an  indemnified  party  is  not  entitled  to  indemnification
hereunder).  Any  such indemnified party shall have the right to employ separate
counsel  in  any  such  action,  claim  or  proceeding and to participate in the
defense thereof, but the fees and expenses of such counsel shall be the expenses
of  such  indemnified  party unless (i) the indemnifying party has agreed to pay
such  fees  and  expenses  or  (ii)  the indemnifying party shall have failed to
promptly  assume  the  defense  of such action, claim or proceeding or (iii) the
named  parties  to any such action, claim or proceeding (including any impleaded
parties)  include  both  such  indemnified party and the indemnifying party, and
such  indemnified party shall have been advised by counsel that there may be one
or  more  legal defenses available to it which are different from or in addition
to  those  available  to  the  indemnifying party and that the assertion of such
defenses  would  create a conflict of interest such that counsel employed by the
indemnifying  party  could  not  faithfully  represent the indemnified party (in
which case, if such indemnified party notifies the indemnifying party in writing
that  it  elects  to  employ separate counsel at the expense of the indemnifying
party,  the indemnifying party shall not have the right to assume the defense of
such  action,  claim or proceeding on behalf of such indemnified party, it being
understood,  however,  that the indemnifying party shall not, in connection with
any  one  such action, claim or proceeding or separate but substantially similar
or  related  actions, claims or proceedings in the same jurisdiction arising out
of  the  same general allegations or circumstances, be liable for the reasonable
fees  and  expenses  of  more than one separate firm of attorneys (together with
appropriate  local counsel) at any time for all such indemnified parties, unless
in  the reasonable judgment of such indemnified party a conflict of interest may
exist  between  such indemnified party and any other of such indemnified parties
with  respect  to  such  action,  claim  or  proceeding,  in  which  event  the
indemnifying  party  shall  be  obligated  to  pay the fees and expenses of such
additional  counsel  or  counsels).  No indemnifying party shall be liable to an
indemnified  party for any settlement of any action, proceeding or claim without
the  written  consent  of  the  indemnifying  party,  which consent shall not be
unreasonably  withheld.
9.4.     If the indemnification required by this Section 9 from the indemnifying
party is unavailable to an indemnified party hereunder in respect of any losses,
claims,  damages,  liabilities  or  expenses  referred  to  in  this  Section 9:
(i)     The  indemnifying party, in lieu of indemnifying such indemnified party,
shall  contribute  to  the amount paid or payable by such indemnified party as a
result  of  such  losses,  claims,  damages,  liabilities  or  expenses  in such
proportion  as  is appropriate to reflect the relative fault of the indemnifying
party  and  indemnified parties in connection with the actions which resulted in
such  losses,  claims,  damages,  liabilities  or expenses, as well as any other
relevant  equitable  considerations.  The  relative  fault  of such indemnifying
party  and  indemnified parties shall be determined by reference to, among other
things,  whether  any Violation has been committed by, or relates to information
supplied  by,  such  indemnifying party or indemnified parties, and the parties'
relative  intent, knowledge, access to information and opportunity to correct or
prevent  such  Violation.  The  amount paid or payable by a party as a result of
the losses, claims, damages, liabilities and expenses referred to above shall be
     deemed  to include, subject to the limitations set forth in Section 9.1 and
Section  9.2,  any  legal  or other fees or expenses reasonably incurred by such
party  in  connection  with  any  investigation  or  proceeding.
(ii)     The  parties  hereto  agree  that it would not be just and equitable if
contribution pursuant to this Section 9.4 were determined by pro rata allocation
or  by  any  other  method  of  allocation  which does not take into account the
equitable  considerations  referred  to  in Section 9.4(i).  No Person guilty of
fraudulent  misrepresentation  (within  the  meaning  of  Section  11(f)  of the
Securities  Act)  shall  be entitled to contribution from any Person who was not
guilty  of  such  fraudulent  misrepresentation.
9.5.     If  indemnification is available under this Section 9, the indemnifying
parties  shall  indemnify  each indemnified party to the full extent provided in
this  Section  9 without regard to the relative fault of such indemnifying party
or indemnified party or any other equitable consideration referred to in Section
     9.4.
9.6.     The  obligations  of the Company and the Selling Holders of Registrable
Securities  under this Section 9 shall survive the completion of any offering of
Registrable  Securities  pursuant  to  a  registration  statement  under  this
Agreement,  and  otherwise.
Section  10.     Transfer  of  Registration  Rights.  Rights  with  respect  to
Registrable  Securities  may  be Transferred as follows:  all rights of a Holder
with  respect  to  Registrable  Securities  pursuant  to  this  Agreement may be
Transferred  by such Holder to any of its Person in connection with the Transfer
of  Registrable  Securities  to  such  Person,  in  all  cases,  if (x) any such
Transferee  that  is  not  a  party  to  this  Agreement shall have executed and
delivered  to  the  Secretary  of  the  Company  a  properly completed agreement
substantially  in  the  form  of  Exhibit  A,  and (y) the Transferor shall have
delivered  to  the Secretary of the Company, no later than 15 days following the
date  of  the  Transfer, written notification of such Transfer setting forth the
name  of  the  Transferor, name and address of the Transferee, and the number of
Registrable  Securities  which  shall  have  been  so  Transferred.
Section  11.     Holdback.  Each  Holder  entitled pursuant to this Agreement to
have  Registrable  Securities  included  in  a  registration  statement prepared
pursuant  to this Agreement, if so requested by the Underwriters' Representative
or Agent in connection with an offering of any Registrable Securities, shall not
effect  any  public  sale  or  distribution  of  shares  of  Common Stock or any
securities  convertible into or exchangeable or exercisable for shares of Common
Stock, including a sale pursuant to Rule 144 under the Securities Act (except as
part  of  such  underwritten  or agented registration), during the 15-day period
prior to, and during the 180-day period beginning on, the date such registration
statement  is  declared  effective  under  the Securities Act by the Commission,
provided  that  such Holder is timely notified of such effective date in writing
by  the  Company  or  such  Underwriters'  Representative or Agent.  In order to
enforce  the  foregoing  covenant,  the  Company  shall  be  entitled  to impose
stop-transfer  instructions  with  respect to the Registrable Securities of each
Holder  until  the  end  of  such  period.
Section  12.     Covenants  of  the  Company.  The  Company  hereby  agrees  and
covenants  as  follows:
12.1.
(i)     The  Company  shall  file as and when applicable, on a timely basis, all
reports  required  to  be filed by it under the Exchange Act.  If the Company is
not  required  to file reports pursuant to the Exchange Act, upon the request of
any  Holder of Registrable Securities, the Company shall make publicly available
the  information  specified in subparagraph (c)(2) of Rule 144 of the Securities
Act,  and  take  such  further action as may be reasonably required from time to
time  and  as may be within the reasonable control of the Company, to enable the
Holders  to  Transfer  Registrable  Securities  without  registration  under the
Securities  Act  within  the  limitation  of the exemptions provided by Rule 144
under  the Securities Act or any similar rule or regulation hereafter adopted by
the  Commission.

(ii)     The  Company  shall  not,  and  shall  not  permit  its  majority owned
subsidiaries  to, effect any public sale or distribution of any shares of Common
Stock  or  any  securities  convertible  into or exchangeable or exercisable for
shares  of  Common Stock, during the five business days prior to, and during the
90-day  period  beginning  on,  the commencement of a public distribution of the
Registrable  Securities pursuant to any registration statement prepared pursuant
to  this  Agreement  (other than by the Company pursuant to such registration if
the  registration  is  pursuant  to  Section  4).
(iii)     Any  agreement  entered into after the date of this Agreement pursuant
to  which the Company or any of its majority owned subsidiaries issues or agrees
to issue any privately placed securities similar to any issue of the Registrable
Securities (other than (x) shares of Common Stock pursuant to a stock incentive,
stock  option, stock bonus, stock purchase or other employee benefit plan of the
Company approved by its Board of Directors, and (y) securities issued to Persons
in  exchange for ownership interests in any Person in connection with a business
combination  in which the Company or any of its majority owned subsidiaries is a
party) shall contain a provision whereby holders of such securities agree not to
effect any public sale or distribution of any such securities during the periods
described  in  the  first sentence of Section 12.1(ii), in each case including a
sale  pursuant  to  Rule  144  under  the  Securities Act (unless such Person is
prevented  by  applicable  statute  or  regulation  from  entering  into such an
agreement).
12.2.     The  Company  shall  not,  directly  or indirectly, (x) enter into any
merger,  consolidation  or  reorganization in which the Company shall not be the
surviving  corporation or (y) Transfer or agree to Transfer all or substantially
all  the  Company's  assets,  unless  prior  to  such  merger,  consolidation,
reorganization  or  asset Transfer, the surviving corporation or the Transferee,
respectively,  shall  have  agreed  in  writing to assume the obligations of the
Company  under  this  Agreement,  and  for  that purpose references hereunder to
"Registrable  Securities"  shall  be  deemed to include the securities which the
Holders  of  Registrable Securities would be entitled to receive in exchange for
Registrable  Securities  pursuant  to  any  such  merger,  consolidation  or
reorganization.
12.3.     Except  as  disclosed in Schedule 12.3, the Company shall not grant to
any  Person  (other  than  a  Holder of Registrable Securities) any registration
rights  with  respect to securities of the Company, or enter into any agreement,
that would entitle the holder thereof to have securities owned by it included in
a  Shelf  Registration.
Section 13.     "Market Stand-Off' Agreement.  Each Holder hereby agrees that it
     shall  not,  to  the  extent requested by the Company and an underwriter of
Common  Stock  of  the  Company,  sell  or  otherwise transfer or dispose of any
Registrable  Securities  (other  than Registrable Securities being registered in
such  offering)  for up to that period of time following the effective date of a
registration  statement  of  the  Company  filed  under the Securities Act as is
requested  by  the  managing  underwriter(s) of such offering, not to exceed one
hundred  twenty  (120)  calendar  days;  provided,  however,  that:
(i)     such  agreement  shall be applicable only to the first such registration
statement of the Company which covers securities to be sold on its behalf to the
     public  in  an underwritten offering but not to Registrable Securities sold
pursuant  to  such  registration  statement;  and
(ii)     all  officers,  directors and ten percent (10%) or greater stockholders
of  the  Company,  provided  such  stockholders  have  acquired  such securities
directly from the Company, then holding Common Stock of the Company, shall enter
into  similar  agreements.
     In  order  to  enforce  the foregoing covenant, the Company may impose stop
transfer  instructions with respect to the then-remaining Registrable Securities
of  each  Holder  (and the shares or securities of every other person subject to
the  foregoing  restriction)  until  the  end  of  such  period.
Section  14.     Amendment,  Modification  and  Waivers;  Further  Assurances.
(i)     This  Agreement  may  be amended with the consent of the Company and the
Company may take any action herein prohibited, or omit to perform any act herein
     required to be performed by it, only if the Company shall have obtained the
written  consent  of Holders owning Registrable Securities possessing a majority
in  number  of  the  Registrable  Securities then outstanding to such amendment,
action  or  omission  to  act.
(ii)     No waiver of any terms or conditions of this Agreement shall operate as
a  waiver  of any other breach of such terms and conditions or any other term or
condition,  nor  shall  any failure to enforce any provision hereof operate as a
waiver  of  such  provision or of any other provision hereof.  No written waiver
hereunder, unless it by its own terms explicitly provides to the contrary, shall
be construed to effect a continuing waiver of the provisions being waived and no
such  waiver  in any instance shall constitute a waiver in any other instance or
for  any other purpose or impair the right of the party against whom such waiver
is  claimed  in  all  other  instances or for all other purposes to require full
compliance  with  such  provision.
(iii)     Each  of the parties hereto shall execute all such further instruments
and  documents  and  take  all such further action as any other party hereto may
reasonably  require  in  order  to  effectuate  the  terms  and purposes of this
Agreement.
Section  15.     Assignment;  Benefit.  This Agreement and all of the provisions
hereof  shall  be  binding  upon  and  shall inure to the benefit of the parties
hereto  and  their  respective  heirs,  assigns,  executors,  administrators  or
successors;  provided, however, that except as specifically provided herein with
respect  to  certain  matters,  neither  this  Agreement  nor any of the rights,
interests or obligations hereunder shall be assigned or delegated by the Company
     without  the prior written consent of Holders owning Registrable Securities
possessing a majority in number of the Registrable Securities outstanding on the
date as of which such delegation or assignment is to become effective.  A Holder
may  Transfer its rights hereunder to a successor in interest to the Registrable
Securities  owned  by  such  assignor  only  as  permitted  by  Section  10.
Section  16.     Miscellaneous.
16.1.     Governing  Law  and  Jurisdiction.
               (i)  THIS  AGREEMENT  SHALL  BE  GOVERNED  BY  AND  CONSTRUED  IN
ACCORDANCE  WITH  THE LAWS OF THE STATE OF ILLINOIS WITHOUT GIVING REGARD TO THE
CONFLICT  OF  LAWS  PRINCIPLES  THEREOF.

               (ii)  ANY  LEGAL  ACTION  OR  PROCEEDING  WITH  RESPECT  TO  THIS
AGREEMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF ILLINOIS OR OF THE UNITED
STATES  FOR  THE NORTHERN DISTRICT OF ILLINOIS, AND BY EXECUTION AND DELIVERY OF
THIS  AGREEMENT,  EACH OF THE PARTIES TO THIS AGREEMENT CONSENTS, FOR ITSELF AND
IN  RESPECT  OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS.
EACH  OF  THE  PARTIES  TO  THIS  AGREEMENT  IRREVOCABLY  WAIVES  ANY OBJECTION,
INCLUDING  ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION
OR  PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT
RELATED HERETO.  EACH OF THE PARTIES TO THIS AGREEMENT WAIVE PERSONAL SERVICE OF
ANY  SUMMONS,  COMPALINT  OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS
PERMITTED  BY  ILLINOIS  LAW.

16.2.     Notices.  All  notices  and  requests given pursuant to this Agreement
shall  be  in  writing  and  shall  be  made  by hand-delivery, first-class mail
(registered  or  certified,  return  receipt  requested), confirmed facsimile or
overnight  air courier guaranteeing next business day delivery to (i) in case of
any  of  the  Holders,  the  relevant  address  specified  on Schedule 1 to this
Agreement  or  in  the  relevant agreement in the form of Exhibit A whereby such
party  became bound by the provisions of this Agreement, and (ii) in case of the
Company,  to  ABC-NACO  Inc.,  2001  Butterfield  Road, Suite 502,Downers Grove,
Illinois  60515,  attn:  Brian  Greenburg,  Vice  President  and Treasurer, Tel:
630-852-1300,  Fax:  630-852-2264,  with  copies  to  (X)  ABC-NACO  Inc.,  335
Eisenhower  Lane  South,  Lombard,  Illinois  60148,  attn: Vaughn Makary, Chief
Executive  Officer, Tel: 630-792-2010, Fax:     630-916-6496, and (Y) D'Ancona &
Pflaum,  111  East  Wacker, suite 2800, Chicago, IL 60601, attn: Suzanne Saxman,
Tel:  (312) 602-2075, Fax: (312) 602-3075.  Except as otherwise provided in this
Agreement,  the  date of each such notice and request shall be deemed to be, and
the  date  on which each such notice and request shall be deemed given shall be:
at  the  time  delivered,  if  personally  delivered  or mailed; when receipt is
acknowledged,  if  sent  by  facsimile;  and  the next business day after timely
delivery  to  the  courier,  if  sent by overnight air courier guaranteeing next
business  day  delivery.
16.3.     Entire  Agreement;  Integration.  This  Agreement supersedes all prior
agreements  between  or  among  any  of  the  parties hereto with respect to the
subject  matter  contained  herein  and  therein, and such agreements embody the
entire  understanding  among  the  parties  relating  to  such  subject  matter.
16.4.     Injunctive  Relief.  Each  of  the parties hereto acknowledges that in
the  event  of  a  breach  by  any  of  them  of  any material provision of this
Agreement,  the  aggrieved party may be without an adequate remedy at law.  Each
of  the  parties  therefore agrees that in the event of such a breach hereof the
aggrieved party may elect to institute and prosecute proceedings in any court of
competent  jurisdiction  to  enforce  specific  performance  or  to  enjoin  the
continuing  breach  hereof.  By  seeking  or  obtaining  any  such  relief,  the
aggrieved  party  shall  not  be  precluded  from seeking or obtaining any other
relief  to  which  it  may  be  entitled.
16.5.     Section  Headings.  Section  headings are for convenience of reference
only  and  shall  not  affect  the  meaning  of any provision of this Agreement.
16.6.     Counterparts.  This  Agreement  may  be  executed  in  any  number  of
counterparts,  each  of  which  shall  be  an  original,  and all of which shall
together  constitute one and the same instrument.  All signatures need not be on
the  same  counterpart.
16.7.     Severability.  If  any provision of this Agreement shall be invalid or
unenforceable, such invalidity or unenforceability shall not affect the validity
and  enforceability  of  the  remaining provisions of this Agreement, unless the
result  thereof  would  be  unreasonable, in which case the parties hereto shall
negotiate  in  good  faith  as  to  appropriate  amendments  hereto.
16.8.     Filing.  A  copy of this Agreement and of all amendments thereto shall
be  filed  at  the  principal executive office of the Company with the corporate
recorder  of  the  Company.
16.9.     Termination.  This  Agreement  may  be  terminated  at  any  time by a
written  instrument  signed  by the parties hereto.  Unless sooner terminated in
accordance  with  the  preceding  sentence, this Agreement (other than Section 9
hereof)  shall  terminate  in  its  entirety  on  such date as there shall be no
Registrable  Securities  outstanding,  provided  that any shares of Common Stock
previously  subject  to  this  Agreement  shall  not  be  Registrable Securities
following the sale of any such shares in an offering registered pursuant to this
Agreement.
16.10.     Attorneys'  Fees.  In any action or proceeding brought to enforce any
provision  of  this Agreement, or where any provision hereof is validly asserted
as  a  defense,  the  successful  party  shall be entitled to recover reasonable
attorneys'  fees  (including any fees incurred in any appeal) in addition to its
costs  and  expenses  and  any  other  available  remedy.
16.11.     No Third Party Beneficiaries.  Nothing herein expressed or implied is
intended  to  confer  upon  any  person,  other than the parties hereto or their
respective  permitted  assigns, successors, heirs and legal representatives, any
rights,  remedies,  obligations  or  liabilities  under  or  by  reason  of this
Agreement.
     IN  WITNESS  WHEREOF,  this Agreement has been duly executed by the parties
hereto  as  of  the  date  first  written  above.

<PAGE>
     2
NY1  2068814v8

NY1  2068814v8
ABC-NACO  INC.

By:  ___________________________
       Name:
       Title:

BANK  OF  AMERICA,  N.A.          FLEET  NATIONAL  BANK
By:               By:
     Name:               Name:
     Title               Title

BANK  OF  AMERICA  CANADA          BANK  ONE,  NA  (Main  Chicago  Office)
By:               By:
     Name:               Name:
     Title               Title

ABN  AMRO  BANK  N.V.          FIRSTAR  BANK,  N.A.
By:               By:
     Name:               Name:
     Title               Title

PNC  BANK  NATIONAL  ASSOCIATION          HARRIS  TRUST  AND  SAVINGS  BANK
By:               By:
     Name:               Name:
     Title               Title

THE  NORTHERN  TRUST  COMPANY          LASALLE  BANK  NATIONAL  ASSOCIATION
By:               By:
     Name:               Name:
     Title               Title

          US  BANK  NATIONAL  ASSOCIATION
               By:
                    Name:
                    Title

<PAGE>
     A-3
NY1  2068814v8
                                                                      SCHEDULE 1
                                                                 To Registration
                                                                Rights Agreement

                                 LIST OF HOLDERS

BANK  OF  AMERICA,  N.A.,
     PNC  BANK  NATIONAL  ASSOCIATION

Attn:
Tel:     Attn:
Fax:     Tel:
     Fax:
FLEET  NATIONAL  BANK
BANK  OF  AMERICA,  N.A.,     BANK  ONE,  NA  (MAIN  CHICAGO  OFFICE)

Attn:     Attn:
Tel:     Tel:
Fax:     Fax:

BANK  OF  AMERICA,  N.A.     FIRSTAR  BANK,  N.A.

Attn:     Attn:
Tel:     Tel:
Fax:     Fax:

BANK  OF  AMERICA  CANADA     HARRIS  TRUST  AND  SAVINGS  BANK

Attn:     Attn:
Tel:     Tel:
Fax:     Fax:

ABN  AMRO  BANK  N.V.     LASALLE  BANK  NATIONAL  ASSOCIATION

Attn:     Attn:
Tel:     Tel:
Fax:     Fax:

THE  NORTHERN  TRUST  COMPANY     US  BANK  NATIONAL  ASSOCIATION

Attn:     Attn:
Tel:     Tel:
Fax:     Fax:

<PAGE>
     EXHIBIT A
     to Registration
     Rights Agreement
     AGREEMENT TO BE BOUND
     BY THE REGISTRATION RIGHTS AGREEMENT
     The undersigned, being the transferee of ______ shares of the common stock,
$.01  par  value per share [or describe other capital stock received in exchange
for  such  common  stock]  (the  "Registrable  Securities"),  of
________________________, a Delaware corporation (the "Company"), as a condition
to  the  receipt  of  such  Registrable  Securities,  acknowledges  that matters
pertaining to the registration of such Registrable Securities is governed by the
Registration  Rights  Agreement  dated  as  of  May  2, 2001 initially among the
Company  and  the  Holders  referred  to  therein  (the  "Agreement"),  and  the
undersigned  hereby (1) acknowledges receipt of a copy of the Agreement, and (2)
agrees  to  be  bound as a Holder by the terms of the Agreement, as the same has
been  or  may  be  amended  from  time  to  time.
Agreed  to  this  __  day  of  ______________,  ____________.
_________________________________
_________________________________*
_________________________________*
*Include  address  for  notices.ABC-NACO INC.

                (formerly known as ABC Rail Products Corporation)

                                       AND

   U.S. BANK NATIONAL ASSOCIATION (as successor trustee to First Trust National
                                  Association)

             FOURTH SUPPLEMENTAL INDENTURE Dated as of May 18, 2001

                      Supplementing that certain Indenture
                   Dated as of January 15, 1997 by and between
                        ABC Rail Products Corporation and
                        First Trust National Association

<PAGE>

                          FOURTH'SUPPLEMENTAL INDENTURE

     THIS  FOURTH SUPPLEMENTAL INDENTURE (this "Supplemental Indenture") is made
and  entered  into  as  of  May  18,  2001,  between  ABC-NACO  Inc., a Delaware
corporation  (the  "Company"),  and  U.S.  Bank National Association, a national
banking association, as successor trustee to First Trust National Association, a
national  banking  association  (the  "Trustee").

                                    RECITALS

     WHEREAS,  pursuant  to  that certain Indenture dated as of January 15, 1997
(as  amended,  supplemented  or  modified  from  time to time, the "indenture"),
between  the  Company  (formerly  ABC  Rail Products Corporation); and U.S. Bank
National  Association  (successor  trustee to First Trust National Association),
the  Company  executed  (i) an officer's certificate dated January 23, 1997 (the
"Series  A 10 % Officer's Certificate"), establishing a series of securities now
known  as the 10 % Senior Subordinated Notes, Series A, Due 2004 in the original
principal  amount  of  $50,000,000  (the  "Series  A  10  %  Notes") and (ii) an
officer's  certificate  dated  December  17, 1997 (the "Series B 10  % Officer's
Certificate")  (the  Series  A  10 % Officer's Certificate and the Series B 10 %
Officer's  Certificate  each,  an  "Officer's  Certificate"  and  together,  the
"Officer's  Certificates"), establishing a series of securities now known as the
10  %  Senior  Subordinated  Notes, Series B, Due 2004 in the original principal
amount of $25,000,000 (the "Series B 10 % Notes" and, together with the Series A
10  %  Notes,  the  "Notes");

     WHEREAS, the Company requested that the holders of the Notes consent to the
modification  of  certain  covenants  under  each  Officer's  Certificate  and
established  pursuant  to  Section  301(17)  of  the  Indenture;

     WHEREAS,  pursuant to Section 902 of the Indenture, the holders of not less
than  a  majority  of  the  aggregate  principal amount of the outstanding Notes
(voting  as  one  class) have consented to the modification of certain covenants
under  each Officer's Certificate and established pursuant to Section 301(17) of
the  Indenture;

     WHEREAS, the Company requested that the holders of the Notes consent to the
amendment  of  the  interest  rate  under  Paragraph  4(a)  of  each  Officer's
Certificate  and  established  pursuant  to  Section  301  (5) of the Indenture;

     WHEREAS,  pursuant to Section 902 of the Indenture, the holders of not less
than  a  majority  of  the  aggregate  principal amount of the outstanding Notes
(voting as one class) have consented to the amendment of the interest rate under
Paragraph 4(a) of each Officer's Certificate and established pursuant to Section
301(5)  of  the  Indenture;

     WHEREAS,  the  Company  desires  to  change the titles of the Series A 10 %
Notes and the Series B 10 % Notes, respectively, to reflect the amendment to the
interest  rate  provision;

     WHEREAS,  pursuant  to  Sections  901(4)  and  901(8) of the Indenture, the
Company  and  the  Trustee may, without the consent of any holders of the Notes,
change  any  provision  of  the  Indenture  or correct any provision that may be
inconsistent  with  any  other provision of the Notes, provided that such action
does  not  adversely  affect the rights of the holders of the Notes or any other
security  in  any  material  respect;  and

     WHEREAS,  in  order  to  effectuate  and  formalize  the  aforementioned
amendments,  the parties hereto desire to amend the Indenture and each Officer's
Certificate  as  set  forth below and to enter into this Supplemental Indenture.

     NOW  THEREFORE,  the  parties hereto, intending to be legally bound, and in
consideration  of  the  premises  and other good and valuable consideration, the
receipt  and  sufficiency  of  which is hereby acknowledged, do hereby amend the
Indenture  and  the Officer's Certificates and further agree as set forth below:

     SECTION  1. DEFINITIONS. All terms capitalized but not otherwise defined in
this  Supplemental  Indenture  shall have the meanings assigned to such terms in
the  Indenture.

     SECTION  2.  EFFECT  OF  THIS  SUPPLEMENTAL  INDENTURE.

     (A)  Except  as  expressly  supplemented  or  amended  by this Supplemental
Indenture,  all  of  the terms and provisions of the Indenture and the Officer's
Certificates  shall  remain  in  full  force  and  effect.

     (B)  To the extent of any inconsistency between the terms and provisions of
this  Supplemental  Indenture  and the terms and provisions of the Indenture and
the  Officer's  Certificates,  this  Supplemental  Indenture  shall  control.

     (C) The rules of construction stated in Section 1.01 of the Indenture shall
apply  to  this  Supplemental  Indenture.

     SECTION  3.  AMENDMENT  TO  PARAGRAPH  10(B) OF EACH OFFICER'S CERTIFICATE.
Subparagraph  (b)  of  Paragraph  10  of  each  Officer's  Certificate is hereby
amended,  effective  immediately,  in  its  entirety  to  read  as  follows:

"[intentionally  omitted]"

     SECTION  4.  AMENDMENT  TO  PARAGRAPH  10(C) OF EACH OFFICER'S CERTIFICATE.
Subparagraph  (c)  of  Paragraph  10  of  each  Officer's  Certificate is hereby
amended,  effective  immediately,  in  its  entirety  to  read  as  follows:

     "The  Company  will  not,  and will not permit any Subsidiary to, Incur any
Funded  Debt  if,  immediately  after  giving  effect  to  any  such  creation,
incurrence,  assumption  or  guarantee (including the retirement of any existing
Indebtedness  from  the  proceeds of such additional Funded Debt), the aggregate
amount  of  Funded  Debt  outstanding  would  exceed  75%  of  Consolidated
Capitalization, provided, however, that the Company may Incur any Funded Debt on
or prior to December 31, 2002, as long as such Incurrence is permitted under the
Credit  Facility."

     SECTION  5.  AMENDMENT  TO  PARAGRAPH  10(D) OF EACH OFFICER'S CERTIFICATE.
Subparagraph  (d)  of  Paragraph  I0  of  each  Officer's  Certificate is hereby
amended,  effective  immediately,  in  its  entirety  to  read  as  follows:

     "The  Company  is  not required to maintain any Operating Coverage Ratio at
the  end  of  any fiscal quarter in 2001. Thereafter, it will maintain(i) at the
end  of  the  fiscal  quarter ended March 3 l, 2002, an Operating Coverage Ratio
with respect to the four consecutive fiscal quarters then ended taken as a whole
of  at least 1.2:1.0, (ii) AT the end of the fiscal quarter ended June 30, 2002,
an Operating Coverage Ratio with respect to the four consecutive fiscal quarters
then  ended taken as a whole of at least 1.4:1.0, (iii) at the end of the fiscal
quarter  ended  September  30, 2002, an Operating Coverage Ratio with respect to
the  four  consecutive  fiscal  quarters then ended taken as a whole of at least
1.6:1.0,  and  (iv)  at  the  end  of each of its fiscal quarters thereafter, an
Operating  Coverage  Ratio  with respect to the four consecutive fiscal quarters
then  ended  taken  as  a  whole  of  at  least  1.8:1.0."

     SECTION  6.  ADDITIONS  TO  DEFINITIONS  CONTAINED  IN PARAGRAPH 10 OF EACH
OFFICER'S  CERTIFICATE.  The  definitions  contained  in  Paragraph  10  of each
Officer's  Certificate  are  hereby  amended,  effective immediately, to add the
following  additional  definitions:

     "'Credit  Facility'  means  the Company's Third Amended and Restated Credit
Agreement  dated  as  of  October  30, 2000, as amended from time to time by the
parties  thereto."

     "'ING  Holders'  means  (i)  Furman Selz Investors H LP ("FS 11'3, (ii) ING
Furman  Selz  Investors IH LP ("FS Ill"), (iii) any parallel investment funds of
FS  II  or  FS  III  the manager, general partner or managing member of which is
either  FS  Private  Investments LLC or FS Private Investments Ill LLC, (iv) any
Affiliate  of  any  of  the  foregoing and (v) the successors and assigns of the
foregoing."

     SECTION  7.  AMENDMENT  TO  DEFINITION  OF "CHANGE OF CONTROL" CONTAINED IN
PARAGRAPH 7 OF EACH OFFICER'S CERTIFICATE. The definition of "Change of Control"
contained  in  Paragraph  7  of  each  Officer's  Certificate is hereby amended,
effective  immediately,  in  its  entirety  to  read  as  follows:

     "'Change  of  Control' means the occurrence of one or more of the following
events,  whether  or  not  approved  by  the  Board  of  Directors:

     (1)  any  Person or Persons acting together that would constitute a "group"
for  purposes  of  Section  13(d)  of the Securities Exchange Act, as amended (a
"Group"),  together  with  any Affiliates thereof, other than any employee stock
ownership  plan  of  the  Company  or  the  trusts  for any other employee stock
ownership,  benefit or pension plans of the Company or any Subsidiary, and other
than  the  ING  Holders, shall beneficially own (as defined in Rule 13d-3 of the
Commission)  at  least  50%  of  the  Voting  Stock  of  the  Company;

     (2)  other  than  the  ING Holders, any one Person or Group (other than the
Board  of  Directors  as  it  may  be  constituted  from  time  to time), or any
Affiliates  thereof, shall succeed in having sufficient of its or their nominees
elected  to  the  Board  of Directors such that such nominees, when added to any
existing director remaining on the Board of Directors after such election who is
an  Affiliate  of  such  Group,  shall  constitute  a  majority  of the Board of
Directors;

     (3)  any  sale,  lease, exchange or other transfer (in one transaction or a
series  of related transactions) of all, or substantially all, the assets of the
Company  to  any  Person  or  Group;

     (4)  the  shareholders  of  the  Company  shall  approve  any  plan for the
liquidation  or  dissolution  of  the  Company;  or

     (5)  the  merger  or  consolidation  of  the  Company  with or into another
corporation  or  the  merger  of  another  corporation into the Company with the
effect  that  immediately alter such transaction any Person or Group, other than
the  ING  Holders,  holds  more  than  50%  of the Voting Stock of the surviving
corporation  of  such  merger  or  consolidation."

     SECTION  8.  AMENDMENT  TO  PARAGRAPH  4(A)  OF EACH OFFICER'S CERTIFICATE.
Subparagraph (a) of Paragraph 4 of each Officer's Certificate is hereby amended,
effective  January  1,  2002,  in  its  entirety  to  read  as  follows:

"(a)  the  rate  at  which  the  Notes  shall  bear  interest  is  11  1/2%;"

     SECTION  9.  AMENDMENT  TO  PARAGRAPH  1  OF  THE  SERIES  A  10% OFFICER'S
CERTIFICATE.  Paragraph  1  of  the Series A 10% Officer's Certificate is hereby
amended,  effective  January  1,  2002,  in  its  entirety  to  read as follows:

     "Pursuant  to  Section 301(1) of the Indenture, the title of the Securities
of  the  series  established  by  this  Officer's  Certificate  is  '11~% Senior
Subordinated  Notes,  Series  A,  Due  2004.'"

     SECTION  10.  AMENDMENT  TO  PARAGRAPH  1  OF  THE  SERIES B 10 % OFFICER'S
CERTIFICATE.  Paragraph  I  of the Series B 10 % Officer's Certificate is hereby
amended,  effective  January  1,  2002,  in  its  entirety  to  read as follows:

     "Pursuant  to  Section 301(1) of the Indenture, the title of the Securities
of  the  series  established  by  this  Officer's  Certificate  is  '11~% Senior
Subordinated  Notes,  Series  B,  Due  2004.'"

     SECTION 11. REFERENCES TO INDENTURE. All references in the Indenture to the
Indenture shall hereafter be deemed to refer to the Indenture as amended by this
Supplemental  Indenture  and  as  may  be further amended, modified, restated or
replaced  from  time  to  time.

     SECTION  12.  OTHER  TERMS-IN FULL FORCE AND EFFECT. Except as expressly so
amended,  the  Indenture  and the Officer's Certificates shall remain u-modified
and  in  full  force  and  effect.

     SECTION  13.  COUNTERPARTS.  This Supplemental Indenture may be executed in
any  number  of  counterparts  with the same effect as if all parties hereto had
signed  the same document. All such counterparts shall bc construed together and
shall  constitute  one  instrument,  but in making proof hereof it shall only be
necessary  to  produce  one  such  counterpart.

     IN  WITNESS  WHEREOF,  thc  parties  hereto  have  caused this Supplemental
Indenture  to  be  executed  as  of  thc  day  and  year  first  above  written.

     ABC-NACO Inc.

     Name: James P. Singsank
     Title: Senior Vice President and
     Chief Financial Officer

ATTEST:

     Name: Mark F. Baggio
     Title: Vice President, General Counsel
     and Secretary

     U.S. BANK NATIONAL ASSOCIATION,
     as successor trustee

     Name: Michael T. Goodwin
     Title: Assistant Vice President

ATTEST:

     Name: Melissa A. Rosal
     Vice  President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]