Document:

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                   EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                      among

                             D and W HOLDINGS, INC.
                                   as Issuer,

                                       and

                           THE PURCHASERS NAMED HEREIN

                          Dated as of October 25, 2000

                                  Relating to:

                    $36,500,000 Aggregate Principal Amount of
                      15% Senior Pay-In-Kind Notes due 2010

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                                TABLE OF CONTENTS

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1.       Definitions..........................................................................................1

2.       Exchange Offer.......................................................................................5

3.       Shelf Registration...................................................................................9

4.       Special Interest....................................................................................10

5.       Registration Procedures.............................................................................12

6.       Registration Expenses...............................................................................21

7.       Indemnification.....................................................................................21

8.       Underwritten Registrations..........................................................................24

9.       Miscellaneous.......................................................................................25

         (a)       Remedies..................................................................................25
         (b)       No Inconsistent Agreements................................................................25
         (c)       Amendments and Waivers....................................................................25
         (d)       Notices...................................................................................26
         (e)       Successors and Assigns....................................................................26
         (f)       Counterparts..............................................................................26
         (g)       Headings..................................................................................26
         (h)       Governing Law.............................................................................27
         (i)       Severability..............................................................................27
         (j)       Notes Held by the Issuer or Its Affiliates................................................27
         (k)       Third-Party Beneficiaries.................................................................27
         (l)       Entire Agreement..........................................................................27
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                   EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                  EXCHANGE AND REGISTRATION RIGHTS AGREEMENT (the
"AGREEMENT") dated as of October 25, 2000, by and among D and W HOLDINGS,
INC., a Delaware corporation (together with its successors, the "ISSUER"),
and THE PURCHASERS NAMED ON THE SIGNATURE PAGES HEREIN (collectively, the
"PURCHASERS").

                  This Agreement is entered into in connection with the
Purchase Agreement, dated as of October 25, 2000, by and among the Issuer and
the Purchasers (the "PURCHASE AGREEMENT") relating to the sale by the Issuer
to the Purchasers of (i) $40.0 million aggregate principal amount of the
Issuer's 15% Senior Pay-In-Kind Notes due 2010, and (ii) 13,168,922 shares of
Series A common stock, $.01 par value per share, of the Issuer (the "SERIES A
COMMON STOCK") and 3,292,231 shares of Series B common stock , par value $.01
per share (the "SERIES B COMMON STOCK" and, together with the Series A Common
Stock and the Notes, the "SECURITIES"), of the Issuer. In order to induce the
Purchasers to enter into the Purchase Agreement, the Issuer has agreed to
provide the registration rights set forth in this Agreement for the benefit
of the holders of Registrable Notes (as defined), including, without
limitation, the Purchasers. The execution and delivery of this Agreement is a
condition to the Purchasers' obligation to purchase the Securities under the
Purchase Agreement. Capitalized terms used herein without definition shall
have their respective meanings set forth in the Purchase Agreement.

                  The parties hereby agree as follows:

1.       DEFINITIONS

                  As used in this Agreement, the following terms shall have
the following meanings:

                  "ADVICE" is defined in the last paragraph of Section 5.

                  "AGREEMENT" is defined in the first introductory paragraph
to this Agreement.

                  "APPLICABLE PERIOD" is defined in Section 2(b).

                  "BLACKOUT PERIOD" means the period during which the Issuer
(i) may suspend the effectiveness of any Shelf Registration and/or suspend
the use of any related Prospectus and (ii) shall not be required to amend or
supplement any Shelf Registration, any related Prospectus or any document
incorporated therein by reference (other than an effective registration
statement being used for an underwritten offering), which period shall not
exceed an aggregate of 45 consecutive days, in the event that the Issuer
determines in its good faith judgment

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                                      -2-

that the disclosure of an event at such time would have a material adverse
effect on the business, operations or prospects of the Issuer or that the
required disclosure otherwise relates to a material business transaction that
has not yet been publicly disclosed.

                  "BUSINESS DAY" means any day other than a Legal Holiday.

                  "CLOSING TIME" means the Closing Time as defined in the
Purchase Agreement.

                  "COMMISSION" means the Securities and Exchange Commission,
as from time to time constituted, created under the Exchange Act or, if at
any time after the execution of this Agreement such Commission is not
existing and performing the duties now assigned to it under the Exchange Act,
then the body performing such duties at such time.

                  "EFFECTIVENESS DATE" means the 150th day after the Closing
Time, in the case of the Exchange Registration Statement, and the earlier of
the 150th day after the delivery of the Shelf Notice and 60 days after the
date on which an Exchange Registration Statement would have had to be
declared effective hereunder, in the case of the Initial Shelf Registration.

                  "EFFECTIVENESS PERIOD" is defined in Section 3(a).

                  "EVENT DATE" is defined in Section 4(b).

                  "EXCHANGE ACT" means the Securities Exchange Act of 1934,
as amended, and the rules and regulations promulgated by the Commission
thereunder.

                  "EXCHANGE NOTES" is defined in Section 2(a).

                  "EXCHANGE OFFER" is defined in Section 2(a).

                  "EXCHANGE REGISTRATION STATEMENT" is defined in
Section 2(a).

                  "FILING DATE" means the 90th day after the Closing Time.

                  "GE ENTITY" means GE Investment Private Placement Parnters
II, a Limited Partnership, a Delaware limited partnership, its successors and
assigns and its Affiliates.

                  "HOLDER" means a Person in whose name a Note is registered
on the Issuer's register.

                  "INDEMNIFIED PERSON" is defined in Section 7(c).

                  "INDEMNIFYING PERSON" is defined in Section 7(c).

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                                      -3-

                  "INDENTURE" is defined in Section 2(a).

                  "INITIAL SHELF REGISTRATION" is defined in Section 3(a).

                  "INSPECTORS" is defined in Section 5(m).

                  "ISSUER" is defined in the first introductory paragraph to
this Agreement.

                  "LEGAL HOLIDAY" means a Saturday, a Sunday or a day on
which banking institutions in The City of New York or San Francisco, CA, are
authorized by law, regulation or executive order to remain closed. If any
payment date in respect of the Notes is a Legal Holiday, then payment may be
made at that place on the next succeeding day that is not a Legal Holiday,
and no interest shall accrue for the intervening period.

                  "NASD" means the National Association of Securities
Dealers, Inc.

                  "NOTES" means the 15% Senior Pay-In-Kind Notes due 2010
that are issued under the Purchase Agreement, as amended or supplemented from
time to time, and such amount of additional Notes as may be paid as interest.

                  "PARTICIPANT" is defined in Section 7(a).

                  "PARTICIPATING BROKER-DEALER" is defined in Section 2(b).

                  "PERSON" means any individual, corporation (including,
without limitation, a business trust, professional corporation and insurance
company), limited liability company, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or government or any
agency or political subdivision thereof or any legally recognizable entity.

                  "PRIVATE EXCHANGE" is defined in Section 2(b).

                  "PRIVATE EXCHANGE NOTES" is defined in Section 2(b).

                  "PROSPECTUS" means the prospectus included in any
Registration Statement (including, without limitation, any prospectus subject
to completion and a prospectus that includes any information previously
omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A promulgated under the Securities Act),
as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Notes covered by such
Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments,

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                                      -4-

and all material incorporated by reference or deemed to be incorporated by
reference in such Prospectus.

                  "PURCHASE AGREEMENT" is defined in the second introductory
paragraph to this Agreement.

                  "PURCHASERS" is defined in the first introductory paragraph
to this Agreement.

                  "RECORDS" is defined in Section 5(m).

                  "REGISTRABLE NOTES" means each Note upon original issuance
thereof and at all times subsequent thereto and each additional Note, issued
as interest on the Notes in accordance with the terms thereof and each
Exchange Note and each additional Note issued as interest on the Exchange
Notes in accordance with the terms thereof if upon original issuance thereof
such Exchange Note may not be sold without restriction under federal
securities laws (other than due solely to the status of such Holder as an
affiliate of the Issuer within the meaning of the Securities Act) (a
"RESTRICTED EXCHANGE NOTE") until, in the case of any such Note or Exchange
Note, as the case may be, the earliest to occur of (i) a Registration
Statement (other than with respect to any Restricted Exchange Note) covering
such Note or Exchange Note, as the case may be, has been declared effective
by the Commission and such Note or Exchange Note, as the case may be, has
been disposed of in accordance with such effective Registration Statement;
(ii) such Note or Exchange Note, as the case may be, may be sold in
compliance with Rule 144 without volume or manner of sale limitations; (iii)
in the case of any Note, such Note has been exchanged pursuant to the
Exchange Offer for an Exchange Note or Exchange Notes that may be resold
without restriction under federal securities laws; or (iv) such Note or
Exchange Note, as the case may be, ceases to be outstanding for purposes of
the Purchase Agreement.

                  "REGISTRATION STATEMENT" means any registration statement
of the Issuer, including, but not limited to, the Exchange Registration
Statement, that covers any of the Registrable Notes pursuant to the
provisions of this Agreement, including the Prospectus, amendments and
supplements to such registration statement, post-effective amendments, all
exhibits and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

                  "REQUIRED HOLDERS" means Holders holding a majority of the
aggregate principal amount of the Registrable Notes.

                  "RESTRICTED EXCHANGE NOTES" is defined in the definition of
"Registrable Note."

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                  "RULE 144" means Rule 144 under the Securities Act, as such
Rule may be amended from time to time, or any similar rule (other than Rule
144A) or regulation hereafter adopted by the Commission providing for offers
and sales of securities made in compliance therewith resulting in offers and
sales by subsequent holders of such securities that are not affiliates of the
Issuer being free of the registration and prospectus delivery requirements of
the Securities Act.

                  "RULE 144A" means Rule 144A under the Securities Act, as
such Rule may be amended from time to time, or any similar rule (other than
Rule 144) or regulation hereafter adopted by the Commission.

                  "RULE 415" means Rule 415 under the Securities Act, as such
Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the Commission.

                  "SECURITIES" is defined in the second introductory
paragraph to this Agreement.

                  "SECURITIES ACT" means the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Commission
thereunder.

                  "SHELF EXCHANGE" is defined in Section 3(a).

                  "SHELF NOTICE" is defined in Section 2(c).

                  "SHELF REGISTRATION" is defined in Section 3(b).

                  "SPECIAL INTEREST" is defined in Section 4(a).

                  "SUBSEQUENT SHELF REGISTRATION" is defined in Section 3(b).

                  "TIA" means the Trust Indenture Act of 1939 (15 U.S.C.
SECTIONS 77aaa-77bbbb).

                  "TRUSTEE" means the trustee under the Indenture.

                  "UNDERWRITTEN REGISTRATION OR UNDERWRITTEN OFFERING" means
a registration in which securities of the Issuer are sold to an underwriter
for reoffering to the public.

2.       EXCHANGE OFFER

                  (a)      The Issuer shall file a registration statement with
the Commission no later than the Filing Date, pursuant to which the Issuer shall
offer to exchange (the "EXCHANGE OFFER") any and all of the Registrable Notes
for a like aggregate principal amount of debt se-

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                                      -6-

curities of the Issuer that are identical in all material respects to the
Notes (the "EXCHANGE NOTES") and that are entitled to the benefits of a trust
indenture (the "INDENTURE") (A) which complies with all requirements of the
Commission to effect or maintain the qualification thereof under the TIA and
that has been qualified under the TIA and (B) that is otherwise in the form
of Exhibit A to the Indenture, except that the Exchange Notes shall have been
registered pursuant to an effective Registration Statement under the
Securities Act and shall contain no restrictive legend thereon, except as
otherwise specifically required by the other provisions of this Agreement.
The Issuer shall not be obligated to effect more than one Exchange Offer. The
Exchange Offer shall be registered under the Securities Act on the
appropriate form (the "EXCHANGE REGISTRATION STATEMENT") and shall comply
with all applicable tender offer rules and regulations under the Exchange
Act. The Issuer agrees to use its reasonable best efforts to (i) file the
initial Exchange Registration Statement with the Commission on or prior to
the Filing Date; (ii) cause the Exchange Registration Statement to be
declared effective under the Securities Act on or before the Effectiveness
Date; (iii) keep the Exchange Offer open for at least 20 Business Days (or
longer if required by applicable law) after the date that notice of the
Exchange Offer is first mailed to Holders; and (iv) consummate the Exchange
Offer within 180 days of the Closing Time. If after such Exchange
Registration Statement is initially declared effective by the Commission, the
Exchange Offer or the issuance of the Exchange Notes thereunder is interfered
with by any stop order, injunction or other order or requirement of the
Commission or any other governmental agency or court, then such Exchange
Registration Statement shall be deemed not to have become effective for
purposes of this Agreement. Each Holder who participates in the Exchange
Offer will be required to represent that any Exchange Notes received by it
will be acquired in the ordinary course of its business, that at the time of
the consummation of the Exchange Offer such Holder will have no arrangement
or understanding with any Person to participate in the distribution of the
Exchange Notes, that such Holder is not an affiliate of the Issuer within the
meaning of the Securities Act and any additional representations that in the
written opinion of counsel to the Issuer are necessary under then-existing
interpretations of the Commission in order for the Exchange Registration
Statement to be declared effective. Upon consummation of the Exchange Offer
in accordance with this Section 2, the provisions of this Agreement shall
continue to apply, MUTATIS MUTANDIS, solely with respect to Registrable Notes
that are Exchange Notes held by Participating Broker-Dealers, and the Issuer
shall have no further obligation to register Registrable Notes (other than in
respect of any Restricted Exchange Notes) pursuant to Section 3 of this
Agreement. No securities other than the Exchange Notes shall be included in
the Exchange Registration Statement.

                  (b)      The Issuer shall include within the Prospectus
contained in the Exchange Registration Statement a section entitled "Plan of
Distribution," reasonably acceptable to the Purchasers, which shall contain a
summary statement of the positions taken or policies made by the Commission
with respect to the potential "underwriter" status of any broker-

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                                      -7-

dealer that is the beneficial owner (as defined in Rule 13d-3 under the
Exchange Act) of Exchange Notes received by such broker-dealer in the
Exchange Offer (a "PARTICIPATING BROKER-DEALER"), whether such positions or
policies have been publicly disseminated by the Commission or such positions
or policies, in the judgment of the Purchasers, represent the prevailing
views of the Commission. Such "Plan of Distribution" section shall also
allow, to the extent permitted by applicable policies and regulations of the
Commission, the use of the Prospectus by all Persons subject to the
prospectus delivery requirements of the Securities Act, including, to the
extent so permitted, all Participating Broker-Dealers and include a statement
describing the manner in which Participating Broker-Dealers may resell the
Exchange Notes.

                  The Issuer shall use its reasonable best efforts to keep
the Exchange Registration Statement effective and to amend and supplement the
Prospectus contained therein, in order to permit such Prospectus to be
lawfully delivered by all Persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as such Persons
must comply with such requirements in connection with offers and sales of the
Exchange Notes, which period shall not exceed 180 days after the consummation
of the Exchange Offer (or such longer period if extended by the last
paragraph of Section 5 hereof) (the "APPLICABLE Period"). The Issuer shall
provide sufficient copies of the latest version of such Prospectus to such
Persons, promptly upon request, and in no event later than three (3) Business
Days after such request, at any time during such period.

                  If, prior to consummation of the Exchange Offer, the
Purchasers hold any Notes acquired by them and having, or that are reasonably
likely to be determined to have, the status of an unsold allotment in the
initial sale, the Issuer, upon the request of such Purchasers simultaneously
with the delivery of the Notes in the Exchange Offer, shall issue and deliver
to such Purchasers in exchange (the "PRIVATE EXCHANGE") for such Notes held
by the Purchasers a like principal amount of debt securities of the Issuer
that are identical in all material respects to the Exchange Notes (the
"PRIVATE EXCHANGE NOTES") (and that are issued pursuant to the same indenture
as the Exchange Notes), except for the placement of the restrictive legend on
such Private Exchange Securities. The Private Exchange Notes shall bear the
same CUSIP number as the Notes.

                  Interest on the Exchange Notes and the Private Exchange
Notes, if any, will accrue from the last interest payment date on which
interest was paid on the Notes surrendered in exchange therefor or, if no
interest has been paid on the Notes, then from the Closing Time.

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                                      -8-

                  In connection with the Exchange Offer, the Issuer shall:

                    (1) mail to each Holder a copy of the Prospectus forming
         part of the Exchange Registration Statement, together with an
         appropriate letter of transmittal and related documents;

                    (2) utilize the services of a depositary for the Exchange
         Offer with an address in the Borough of Manhattan, The City of New
         York, which may be the Trustee or an affiliate thereof;

                    (3) permit Holders to withdraw tendered Registrable Notes at
         any time prior to the close of business, New York time, on the last
         Business Day on which the Exchange Offer shall remain open; and

                    (4) otherwise comply in all material respects with all
         applicable laws.

                  As soon as practicable after the close of the Exchange Offer,
         the Issuer shall:

                    (1) accept for exchange all Registrable Notes validly
         tendered and not validly withdrawn pursuant to the Exchange Offer;

                    (2) deliver to the Trustee for cancellation all Registrable
         Notes so accepted for exchange; and

                    (3) cause the Trustee to authenticate and deliver promptly
         to each Holder tendering such Registrable Notes, Exchange Notes, equal
         in aggregate principal amount to the Notes of such Holder so accepted
         for exchange.

                  The Exchange Notes and the Private Exchange Notes, if any,
will be issued under the Indenture, and the Exchange Notes, and the Notes, if
any, will vote and consent together on all matters as one class, and none of
the Exchange Notes or the Notes, if any, will have the right to vote or
consent as a separate class on any matter.

                  (c)      In addition to conducting the Exchange Offer
provided for in Section 2(a) above, if (i) because of any change in law or in
currently prevailing interpretations of the Commission, the Issuer reasonably
determines in good faith, based upon written advice of qualified counsel
(including, without limitation, qualified in-house counsel), that it is not
permitted to effect the Exchange Offer; (ii) the Exchange Offer is not
commenced on or prior to the Effectiveness Date; (iii) the Exchange Offer is,
for any reason, not consummated on or prior to the 180th day after the
Closing Time; (iv) in the case of any Holder that participates in an Exchange
Offer, the Issuer receives an opinion of counsel (including, without
limitation, qualified in-house counsel) to such Holder reasonably acceptable
to the Issuer to the effect

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                                      -9-

that such Holder did not receive Exchange Notes on the date of the exchange
that may be sold without restriction under federal securities laws; (v) any
Holder is an Affiliate of the Issuer; or (vi) the holders of Private Exchange
Notes so request at any time after the consummation of the Private Exchange,
then, (x) in the case of each of clause (i) through (iv) of this sentence,
the Issuer shall upon the request of the Required Holders, (y) in the case of
clause (v) of this sentence, the Issuer shall upon the request of any such
Holder and (z) in the case of clause (vi), the Issuer shall upon the request
of the Holders of Private Exchange Notes, promptly deliver to the Holders a
written notice thereof (the "SHELF NOTICE") and shall file a Shelf
Registration pursuant to Section 3; PROVIDED, HOWEVER, that the Issuer shall
not be required to effect more than one Shelf Registration pursuant to clause
(v) of this Section 2(c).

3.       SHELF REGISTRATION

                  If a Shelf Notice is delivered as contemplated by Section
2(c), then:

                  (a) SHELF REGISTRATION. The Issuer shall (i) privately
         exchange the Notes for Exchange Notes issued pursuant to the Indenture
         (such Exchange Notes to contain any appropriate restrictive legends as
         required by law) (a "SHELF EXCHANGE") and (ii) as promptly as
         reasonably practicable file with the Commission a Registration
         Statement for an offering to be made on a continuous basis pursuant to
         Rule 415 covering all of the Registrable Notes issued in the Shelf
         Exchange (the "INITIAL SHELF REGISTRATION"). The Issuer shall file with
         the Commission the Initial Shelf Registration within 30 days of the
         delivery of the Shelf Notice and shall use its reasonable best efforts
         to cause such Shelf Registration to be declared effective,
         supplemented, amended and current under the Securities Act on or prior
         to the Effectiveness Date. The Initial Shelf Registration shall be on
         Form S-1 or another appropriate form permitting registration of all
         Exchange Notes constituting Registrable Notes for resale by Holders in
         the manner or manners designated by them (including, without
         limitation, one or more underwritten offerings). The Issuer shall not
         permit any securities other than the Registrable Notes to be included
         in any Shelf Registration. Subject to any Blackout Period, the Issuer
         shall use its reasonable best efforts to keep the Initial Shelf
         Registration continuously effective, supplemented, amended and current
         under the Securities Act until the date that is two years from the
         Closing Time (the "EFFECTIVENESS PERIOD") or such shorter period ending
         when (i) all Registrable Notes covered by the Initial Shelf
         Registration have been sold in the manner set forth and as contemplated
         in the Initial Shelf Registration or (ii) a Subsequent Shelf
         Registration (as defined) covering all of the Registrable Notes has
         been declared effective under the Securities Act; PROVIDED, HOWEVER,
         that the Effectiveness Period shall be extended by the number of days
         in any Blackout Period. Any Exchange Notes issued under the Indenture
         in connection with a Shelf Exchange will vote and consent together on
         all matters as one class with Holders of Notes, Exchange Notes and
         Private Exchange Notes, if any. Interest on Registrable

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                                      -10-

         Notes issued in the Shelf Exchange will accrue from the last interest
         payment date on which interest was paid on the Notes surrendered in
         exchange therefor or, if no interest has been paid on the Notes, then
         from the Closing Time.

                  (b) SUBSEQUENT SHELF REGISTRATIONS. If the Initial Shelf
         Registration or any Subsequent Shelf Registration (as defined) ceases
         to be effective for any reason at any time during the Effectiveness
         Period (other than because of the sale of all of the securities
         registered thereunder or because of the existence of a Blackout
         Period), then the Issuer shall use its reasonable best efforts to
         obtain the prompt withdrawal of any order suspending the effectiveness
         thereof and in any event shall within 30 days of such cessation of
         effectiveness amend the Shelf Registration in a manner to obtain the
         withdrawal of the order suspending the effectiveness thereof, or file
         an additional "shelf" Registration Statement pursuant to Rule 415
         covering all of the Registrable Notes (a "SUBSEQUENT SHELF
         REGISTRATION"). If a Subsequent Shelf Registration is filed, then the
         Issuer shall use its reasonable best efforts to cause the Subsequent
         Shelf Registration to be declared effective as soon as practicable
         after such filing and to keep such Subsequent Shelf Registration
         continuously effective for a period equal to the number of days in the
         Effectiveness Period less the aggregate number of days during which the
         Initial Shelf Registration or any Subsequent Shelf Registrations was
         previously continuously effective. As used herein the term "SHELF
         REGISTRATION" means the Initial Shelf Registration and any Subsequent
         Shelf Registration.

                  (c) SUPPLEMENTS AND AMENDMENTS. The Issuer shall promptly
         supplement and amend any Shelf Registration if required by the rules,
         regulations or instructions applicable to the registration form used
         for such Shelf Registration, if required by the Securities Act, or if
         reasonably requested by the Holders of a majority in aggregate
         principal amount of the Registrable Notes covered by such Shelf
         Registration or by any underwriter of such Registrable Notes, in each
         case, with the Issuer's consent, which consent shall not be
         unreasonably withheld or delayed.

4.       SPECIAL INTEREST

                  (a)      The Issuer and the Purchasers agree that the Holders
of Registrable Notes will suffer damages if the Issuer fails to fulfill its
obligations under Section 2 or Section 3 hereof and that it would not be
feasible to ascertain the extent of such damages with precision. Accordingly,
the Issuer agrees to pay, in cash, as liquidated damages, Special Interest on
the Registrable Notes ("SPECIAL INTEREST") under the circumstances and to the
extent set forth below (each of which shall be given independent effect):

                    (i) if (A) the Exchange Registration Statement has not been
         filed on or prior to the Filing Date or (B) notwithstanding that the
         Issuer has consummated or will

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                                      -11-

         consummate an Exchange Offer, the Issuer is required to file an
         Initial Shelf Registration and such Shelf Registration is not filed on
         or prior to the 90th day (or 30 days, if the Filing Date has occurred
         prior to the Shelf Notice being given) after delivery of the Shelf
         Notice, then, in the case of subclause (A), commencing on the day
         after the Filing Date or, in the case of subclause (B), commencing on
         the 91st day (or the 31st day if the Filing Date has occurred prior to
         the Shelf Notice being given) following delivery of the Shelf Notice,
         Special Interest shall accrue on the Registrable Notes over and above
         the stated interest at a rate of 0.50% PER ANNUM of the aggregate
         principal amount of the Registrable Notes for the first 90 days
         immediately following the Filing Date or such 91st day (or the 31st day
         if the Filing Date has occurred prior to the Shelf Notice being given),
         as the case may be, such Special Interest rate increasing by an
         additional 0.25% PER ANNUM of the aggregate principal amount of the
         Registrable Notes at the beginning of each subsequent 90-day period;

                   (ii) if (A) the Exchange Registration Statement is not
         declared effective on or prior to the Effectiveness Date applicable
         thereto or (B) notwithstanding that the Issuer has consummated or will
         consummate an Exchange Offer, the Issuer is required to file an Initial
         Shelf Registration and such Shelf Registration is not declared
         effective by the Commission on or prior to the applicable Effectiveness
         Date, then, commencing on the day after such applicable Effectiveness
         Date, Special Interest shall accrue on the Registrable Notes over and
         above the stated interest at a rate of 0.50% PER ANNUM of the aggregate
         principal amount of the Registrable Notes for the first 90 days
         immediately following the day after the applicable Effectiveness Date,
         such Special Interest rate increasing by an additional 0.25% PER ANNUM
         of the aggregate principal amount of the Registrable Notes at the
         beginning of each subsequent 90-day period; and

                  (iii) if (A) the Issuer has not exchanged Exchange Notes for
         all Notes validly tendered in accordance with the terms of the Exchange
         Offer 180 days after the Closing Time; (B) the Exchange Registration
         Statement ceases to be effective prior to consummation of the Exchange
         Offer; or (C) if applicable, a Shelf Registration has been declared
         effective and such Shelf Registration ceases to be effective at any
         time during the Effectiveness Period (other than during a Blackout
         Period), then Special Interest shall accrue on the Registrable Notes
         over and above the stated interest at a rate of 0.50% PER ANNUM of the
         aggregate principal amount of the Registrable Notes for the first 90
         days commencing on the (x) 91st day after such effective date in the
         case of (A) above or (y) the day such Exchange Registration Statement
         or Shelf Registration ceases to be effective in the case of (B) and (C)
         above, such Special Interest rate increasing by an additional 0.25% PER
         ANNUM of the aggregate principal amount of the Registrable Notes at the
         beginning of each such subsequent 90-day period;

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                                      -12-

PROVIDED, HOWEVER, that the Special Interest rate on the Registrable Notes
may not exceed in the aggregate 2.00% PER ANNUM of the aggregate principal
amount of the Registrable Notes; PROVIDED, FURTHER, that (1) upon the filing
of the Exchange Registration Statement or each Shelf Registration (in the
case of (i) above); (2) upon the effectiveness of the Exchange Registration
Statement or each Shelf Registration, as the case may be (in the case of (ii)
above); or (3) upon the exchange of Exchange Notes for all Registrable Notes
tendered (in the case of (iii)(A) above) or upon the effectiveness of an
Exchange Registration Statement or Shelf Registration that had ceased to
remain effective (in the case of (iii)(B) and (C) above), Special Interest on
any Registrable Notes then accruing Special Interest as a result of such
clause (or the relevant subclause thereof), as the case may be, shall cease
to accrue.

                  (b)      The Issuer shall notify the Holders within three
business days after each and every date on which an event occurs in respect
of which Special Interest is required to be paid (an "EVENT DATE"). Any
amounts of Special Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of
this Section 4 will be payable in cash semi-annually on each April 15 and
October 15 (to the Holders of Registrable Notes of record on the regular
record date therefor (as specified in the Purchase Agreement) immediately
preceding such dates), commencing with the first such date occurring after
any such Special Interest commences to accrue. The amount of Special Interest
will be determined by applying the applicable Special Interest rate to the
aggregate principal amount of the Notes outstanding on a daily basis during
such period but utilizing a 360-day year comprised of twelve 30-day months.
Notwithstanding the fact that any Registrable Notes for which Special
Interest is due thereafter cease to be Registrable Notes, all obligations of
the Issuer to pay Special Interest with respect to such Registrable Notes
shall survive until such time as such obligations with respect to such
Registrable Notes shall have been satisfied in full.

                  (c)      The parties hereto agree that the Special Interest
provided for in this Section 4 constitutes the sole and exclusive remedy for
a breach of Sections 2 and 3 hereof and is a reasonable estimate of the
damages that may be incurred by Holders of Registrable Notes in the
circumstances set forth in Section 4(a).

5.       REGISTRATION PROCEDURES

                  In connection with the filing of any Registration Statement
pursuant to Sections 2 or 3 hereof, the Issuer shall effect such
registrations to permit the sale of such securities covered thereby in
accordance with the intended method or methods of disposition thereof, and
pursuant thereto and in connection with any Registration Statement filed by
the Issuer hereunder, the Issuer shall:

                  (a) Prepare and file with the Commission prior to the Filing
         Date, the Exchange Registration Statement or Shelf Registration, as the
         case may be, as prescribed

<PAGE>

                                      -13-

         by Section 2 or 3 and use its reasonable best efforts to cause each
         such Registration Statement to become effective and remain effective
         as provided herein; PROVIDED that, if (i) a Shelf Registration is
         filed pursuant to Section 3 or (ii) a Prospectus contained in an
         Exchange Registration Statement filed pursuant to Section 2 is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period and has advised the Issuer that it is a Participating
         Broker-Dealer, before filing any Registration Statement or Prospectus
         or any amendments or supplements thereto, then the Issuer shall, if
         requested, furnish to and afford the Holders of the Registrable Notes
         to be registered pursuant to such Shelf Registration or each such
         Participating Broker-Dealer, as the case may be, covered by such
         Registration Statement, their counsel and the managing underwriters,
         if any, a reasonable opportunity to review copies of all such
         documents (including copies of any documents to be incorporated by
         reference therein and all exhibits thereto) proposed to be filed (in
         each case at least five (5) Business Days prior to such filing). The
         Issuer shall not file any such Registration Statement or Prospectus or
         any amendments or supplements thereto if the Holders of a majority in
         aggregate principal amount of the Registrable Notes covered by such
         Registration Statement, or any such Participating Broker-Dealer, as the
         case may be, their counsel, or the managing underwriters, if any, shall
         reasonably object within five (5) Business Days of their receipt of
         such materials.

                  (b) Prepare and file with the Commission such amendments and
         post-effective amendments to each Shelf Registration or Exchange
         Registration Statement, as the case may be, as may be necessary to keep
         such Registration Statement continuously effective for the
         Effectiveness Period or the Applicable Period, as the case may be;
         cause the related Prospectus to be supplemented by any Prospectus
         supplement required by applicable law, and as so supplemented to be
         filed pursuant to Rule 424 (or any similar provisions then in force)
         under the Securities Act; and comply with the provisions of the
         Securities Act and the Exchange Act applicable to it with respect to
         the disposition of all securities covered by such Registration
         Statement as so amended or in such Prospectus as so supplemented and
         with respect to the subsequent resale of any securities being sold by a
         Participating Broker-Dealer covered by any such Prospectus. The Issuer
         shall be deemed not to have used its reasonable best efforts to keep a
         Registration Statement effective during the Applicable Period if it
         voluntarily takes any action that would result in selling Holders of
         the Registrable Notes covered thereby or Participating Broker-Dealers
         seeking to sell Exchange Notes not being able to sell such Registrable
         Notes or such Exchange Notes during that period unless such action is
         required by applicable law, rule or regulation or unless the Issuer
         complies with this Agreement, including, without limitation, the
         provisions of paragraph 5(j) hereof and the last paragraph of
         Section 5.
<PAGE>

                                      -14-

                  (c) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Notes during the Applicable Period from whom the Issuer has
         received written notice that it will be a Participating Broker-Dealer,
         notify the selling Holders of Registrable Notes and each such
         Participating Broker-Dealer, their counsel and the managing
         underwriters, if any, promptly (but in any event within three Business
         Days), and confirm such notice in writing, (A) when a Prospectus or any
         Prospectus supplement or post-effective amendment has been filed, and,
         with respect to a Registration Statement or any post-effective
         amendment, when the same has become effective (including in such notice
         a written statement that any Holder may, upon request, obtain, without
         charge, one conformed copy of such Registration Statement or
         post-effective amendment including financial statements and schedules,
         documents incorporated or deemed to be incorporated by reference and
         exhibits); (B) of the issuance by the Commission of any stop order
         suspending the effectiveness of a Registration Statement or of any
         order preventing or suspending the use of any preliminary prospectus or
         the initiation of any proceedings for that purpose; (C) of the receipt
         by the Issuer of any notification with respect to the suspension of the
         qualification or exemption from qualification of a Registration
         Statement or any of the Registrable Notes or the Exchange Notes to be
         sold by any Participating Broker-Dealer for offer or sale in any
         jurisdiction, or the initiation or threatening of any proceeding for
         such purpose; (D) of the happening of any event, the existence of any
         condition or any information becoming known that makes any statement
         made in such Registration Statement or related Prospectus or any
         document incorporated or deemed to be incorporated therein by reference
         untrue in any material respect or that requires the making of any
         changes in, or amendments or supplements to, such Registration
         Statement, Prospectus or documents so that, in the case of the
         Registration Statement, it will not contain any 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 not misleading, and
         that, in the case of the Prospectus, it will not contain any 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 the light of the circumstances under which they were made,
         not misleading; and (E) of the Issuer's reasonable determination that a
         post-effective amendment to a Registration Statement would be
         appropriate.

                  (d) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Notes during the Applicable Period, use its reasonable best
         efforts to prevent the issuance of any order suspending the
         effectiveness of a Registra-

<PAGE>

                                      -15-

         tion Statement or of any order preventing or suspending the use of a
         Prospectus or suspending the qualification (or exemption from
         qualification) of any of the Registrable Notes or the Exchange Notes to
         be sold by any Participating Broker-Dealer, for sale in any
         jurisdiction, and, if any such order is issued, to use its reasonable
         best efforts to obtain the withdrawal of any such order at the earliest
         possible date.

                  (e) If a Shelf Registration is filed pursuant to Section 3 and
         if requested by the managing underwriters, if any, or the Holders of a
         majority in aggregate principal amount of the Registrable Notes being
         sold in connection with an underwritten offering, (i) as promptly as
         practicable incorporate in a prospectus supplement or post-effective
         amendment such information or revisions to information therein relating
         to such underwriters or selling Holders as the managing underwriters,
         if any, or such Holders or their counsel reasonably request to be
         included or made therein; (ii) make all required filings of such
         prospectus supplement or such post-effective amendment as soon as
         practicable after the Issuer has received notification of the matters
         to be incorporated in such prospectus supplement or post-effective
         amendment and (iii) supplement or make amendments to such Registration
         Statement.

                  (f) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Notes during the Applicable Period, furnish to each selling
         Holder of Registrable Notes and to each such Participating
         Broker-Dealer who so requests and to counsel and each managing
         underwriter, if any, without charge, one conformed copy of the
         Registration Statement or Registration Statements and each
         post-effective amendment thereto, including financial statements and
         schedules, and, if requested, all documents incorporated or deemed to
         be incorporated therein by reference and all exhibits.

                  (g) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer, deliver to each
         selling Holder of Registrable Notes or each such Participating
         Broker-Dealer, as the case may be, their respective counsel, and the
         underwriters, if any, without charge, as many copies of the Prospectus
         or Prospectuses (including each form of preliminary prospectus) and
         each amendment or supplement thereto and any documents incorporated by
         reference therein as such Persons may reasonably request; and, subject
         to the last paragraph of this Section 5, the Issuer hereby consents to
         the use of such Prospectus and each amendment or supplement thereto by
         each of the selling Holders of Registrable Notes and each Participating
         Broker-Dealer, and the underwriters or agents, if any, and dealers (if
         any), in connection with the offering and sale of

<PAGE>

                                      -16-

         the Registrable Notes covered by, or the sale by Participating
         Broker-Dealers of the Exchange Notes pursuant to, such Prospectus and
         any amendment or supplement thereto.

                  (h) Prior to any public offering of Registrable Notes or any
         delivery of a Prospectus contained in the Exchange Registration
         Statement by any Participating Broker-Dealer who seeks to sell Exchange
         Notes during the Applicable Period, use its reasonable best efforts to
         register or qualify, and cooperate with the selling Holders of
         Registrable Notes and each such Participating Broker-Dealer, the
         underwriters, if any, and their respective counsel in connection with
         the registration or qualification (or exemption from such registration
         or qualification) of such Registrable Notes or Exchange Notes, as the
         case may be, for offer and sale under the securities or Blue Sky laws
         of such jurisdictions within the United States as any selling Holder,
         Participating Broker-Dealer, or the managing underwriter or
         underwriters, if any, reasonably request in writing; PROVIDED that
         where Exchange Notes held by Participating Broker-Dealers or
         Registrable Notes are offered pursuant to an underwritten offering,
         counsel to the underwriters shall, at the cost and expense of the
         Issuer, perform the Blue Sky investigations and file registrations and
         qualifications required to be filed pursuant to this Section 5(h); keep
         each such registration or qualification (or exemption therefrom)
         effective during the period such Registration Statement is required to
         be kept effective and do any and all other acts or things reasonably
         necessary or advisable to enable the disposition in such jurisdictions
         of the Exchange Notes by Participating Broker-Dealers or the
         Registrable Notes covered by the applicable Registration Statement;
         PROVIDED that the Issuer shall not be required to (i) qualify generally
         to do business in any jurisdiction where it is not then so qualified;
         (ii) take any action that would subject it to general service of
         process in any such jurisdiction where it is not then so subject; or
         (iii) subject itself to taxation in excess of a nominal dollar amount
         in any such jurisdiction where it is not then so subject.

                  (i) If a Shelf Registration is filed pursuant to Section 3,
         cooperate with the selling Holders of Registrable Notes, any
         Participating Broker-Dealer and the managing underwriter or
         underwriters, if any, to facilitate the timely preparation and delivery
         of certificates representing Registrable Notes to be sold, which
         certificates shall not bear any restrictive legends and shall be in a
         form eligible for deposit with The Depository Trust Company; and enable
         such Registrable Notes to be in such denominations and registered in
         such names as the managing underwriter or underwriters, if any, or
         Holders may reasonably request.

                  (j) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer

<PAGE>

                                      -17-

         who seeks to sell Exchange Notes during the Applicable Period, upon the
         occurrence of any event contemplated by paragraph 5(c)(D) or 5(c)(E)
         hereof, as promptly as practicable prepare and (subject to Section 5(a)
         hereof and other than during a Balckout Period) file with the
         Commission, at the Issuer's sole expense, a supplement or
         post-effective amendment to the Registration Statement or a supplement
         to the related Prospectus or any document incorporated or deemed to be
         incorporated therein by reference, or file any other required document
         so that, as thereafter delivered to the purchasers of the Registrable
         Notes being sold thereunder or to the purchasers of the Exchange Notes
         to whom such Prospectus will be delivered by a Participating
         Broker-Dealer, any such Prospectus will not contain an untrue statement
         of a material fact or omit to state a material fact required to be
         stated therein or necessary to make the statements therein, in the
         light of the circumstances under which they were made, not misleading.

                  (k) Prior to the effective date of the first Registration
         Statement relating to the Registrable Notes, (i) provide the Trustee
         with certificates for the Registrable Notes in a form eligible for
         deposit with The Depository Trust Company; (ii) provide a CUSIP number
         for the Registrable Notes; and (iii) provide copies of the form of
         Indenture to the Trustee and the Holders.

                  (l) In connection with an underwritten offering of Registrable
         Notes pursuant to a Shelf Registration, enter into an underwriting
         agreement as is customary in underwritten offerings of debt securities
         similar to the Notes and take all such other actions as are reasonably
         requested by the managing underwriter or underwriters in order to
         expedite the registration or the disposition of such Registrable Notes
         and, in such connection, (i) make such representations and warranties
         to the underwriters, with respect to the business of the Issuer and its
         subsidiaries and the Registration Statement, Prospectus and documents,
         if any, incorporated or deemed to be incorporated by reference therein,
         in each case, as are customarily made by companies to underwriters in
         underwritten offerings of debt securities similar to the Notes and
         confirm the same in writing if and when reasonably requested; (ii)
         obtain the opinion of counsel to the Issuer and updates thereof in form
         and substance reasonably satisfactory to the managing underwriter or
         underwriters, addressed to the underwriters covering the matters
         customarily covered in opinions requested in underwritten offerings of
         debt securities similar to the Notes; (iii) obtain "cold comfort"
         letters and updates thereof in form and substance reasonably
         satisfactory to the managing underwriter or underwriters from the
         independent certified public accountants of the Issuer (and, if
         necessary, any other independent certified public accountants of any
         subsidiary of the Issuer or of any business acquired by the Issuer for
         which financial statements and financial data are, or are required to
         be, included in the Registration Statement), addressed to each of

<PAGE>

                                      -18-

         the underwriters, such letters to be in customary form and covering
         matters of the type customarily covered in "cold comfort" letters in
         connection with underwritten offerings of debt securities similar to
         the Notes; (iv) if an underwriting agreement is entered into, the same
         shall contain indemnification provisions and procedures substantially
         no less favorable than those set forth in Section 7 hereof (or such
         other provisions and procedures acceptable to Holders of a majority in
         aggregate principal amount of Registrable Notes covered by such
         Registration Statement, the managing underwriter or underwriters or
         agents and the Issuer) with respect to all parties to be indemnified
         pursuant to such Section 7; and (v) deliver such other documents and
         certificates as may be reasonably requested by the managing underwriter
         or underwriters or selling Holders to evidence compliance with the
         matters covered in clauses (i) through (iv) above and with any
         customary conditions contained in any underwriting agreement entered
         into by the Issuer pursuant to this clause (l).

                  (m) If (i) a Shelf Registration is filed pursuant to Section 3
         or (ii) a Prospectus contained in an Exchange Registration Statement
         filed pursuant to Section 2 is required to be delivered under the
         Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Notes during the Applicable Period, make available for
         inspection by any selling Holder of such Registrable Notes being sold,
         and each Participating Broker-Dealer, any underwriter participating in
         any such disposition of Registrable Notes, if any, and any attorney,
         accountant or other agent retained by any such selling Holder, each
         Participating Broker-Dealer, as the case may be, or underwriter
         (collectively, the "INSPECTORS"), at the offices where normally kept,
         during reasonable business hours, all financial and other records,
         pertinent corporate documents and properties of the Issuer and its
         subsidiaries (collectively, the "RECORDS") as shall be reasonably
         necessary to enable them to exercise any applicable due diligence
         responsibilities, and cause the officers, directors and employees of
         the Issuer and its subsidiaries to supply all information reasonably
         requested by any such Inspector in connection with such Registration
         Statement. Records that the Issuer determines, in good faith, to be
         confidential and any Records that it notifies the Inspectors are
         confidential shall not be disclosed by the Inspectors unless (i) the
         disclosure of such Records is necessary to avoid or correct a
         misstatement or omission in such Registration Statement; (ii) the
         release of such Records is ordered pursuant to a subpoena or other
         order from a court of competent jurisdiction; (iii) the information in
         such Records has been made generally available to the public other than
         as a result of a disclosure or failure to safeguard by such Inspector;
         or (iv) disclosure of such information is, in the opinion of counsel
         for any Inspector, necessary in connection with any action, claim, suit
         or proceeding, directly or indirectly, involving or potentially
         involving such Inspector and arising out of, based upon, related to, or
         involving this Agreement, or any transactions contemplated hereby or
         arising hereunder. Each selling Holder of such Registrable

<PAGE>

                                      -19-

         Notes and each Participating Broker-Dealer will be required to agree
         that information obtained by it as a result of such inspections shall
         be deemed confidential and shall not be used by it as the basis for any
         market transactions in the securities of the Issuer unless and until
         such is made generally available to the public. Each inspector, each
         selling Holder of such Registrable Notes and each Participating
         Broker-Dealer will be required to further agree that it will, upon
         learning that disclosure of such Records is sought in a court of
         competent jurisdiction pursuant to clauses (ii) or (iv) of the previous
         sentence or otherwise, give notice to the Issuer and allow the Issuer,
         at the Issuer's expense, to undertake appropriate action to obtain a
         protective order or otherwise prevent disclosure of the Records deemed
         confidential.

                  (n) Provide an indenture trustee for the Registrable Notes or
         the Exchange Notes, as the case may be, and cause the Indenture or the
         trust indenture provided for in Section 2(a) and 3(a), as the case may
         be, to be qualified under the TIA not later than the effective date of
         the Exchange Offer or the first Registration Statement relating to the
         Registrable Notes; and in connection therewith, cooperate with the
         trustee under any such indenture and the Holders of the Registrable
         Notes, to effect such changes to such indenture as may be required from
         time to time for such indenture to be so qualified in accordance with
         the terms of the TIA; and execute, and use its reasonable best efforts
         to cause such trustee to execute, all documents as may be required to
         effect such changes and all other forms and documents required to be
         filed with the Commission to enable such indenture to be so qualified
         in a timely manner.

                  (o) Comply with all applicable rules and regulations of the
         Commission and make generally available to its securityholders earning
         statements satisfying the provisions of Section 11(a) of the Securities
         Act and Rule 158 thereunder (or any similar rule promulgated under the
         Securities Act) no later than 45 days after the end of any twelve-month
         period (or 90 days after the end of any twelve-month period if such
         period is a fiscal year) (i) commencing at the end of any fiscal
         quarter in which Registrable Notes are sold to underwriters in a firm
         commitment or best efforts underwritten offering and (ii) if not sold
         to underwriters in such an offering, commencing on the first day of the
         first fiscal quarter of the Issuer after the effective date of a
         Registration Statement, which statements shall cover said twelve-month
         periods.

                  (p) Upon consummation of the Exchange Offer or a Shelf
         Exchange, obtain an opinion of counsel to the Issuer, in a form
         customary for underwritten transactions, addressed to the Trustee for
         the benefit of all Holders of Registrable Notes participating in the
         Exchange Offer or the Shelf Exchange, that the Exchange Notes or
         Registrable Notes, as the case may be, and the related indenture
         constitute legally valid and binding obligations of the Issuer,
         enforceable against the Issuer in accordance with their respective
         terms.

<PAGE>

                                      -20-

                  (q) If the Exchange Offer or the Shelf Exchange is to be
         consummated, upon delivery of the Registrable Notes by Holders to the
         Issuer (or to such other Person as directed by the Issuer) in exchange
         for the Exchange Notes or Registrable Notes, as the case may be, the
         Issuer shall mark, or cause to be marked, on the Registrable Notes
         being delivered for cancellation, that such Registrable Notes are being
         cancelled in exchange for the Exchange Notes or Registrable Notes
         issued in the Shelf Exchange, as the case may be; in no event shall
         Registrable Notes being delivered for cancellation be marked as paid or
         otherwise satisfied.

                  (r) Cooperate with each seller of Registrable Notes covered by
         any Registration Statement and each underwriter, if any, participating
         in the disposition of such Registrable Notes and their respective
         counsel in connection with any filings required to be made with the
         National Association of Securities Dealers, Inc.

                  (s) Use its reasonable best efforts to take all other steps
         necessary or advisable to effect the registration of the Registrable
         Notes covered by a Registration Statement contemplated hereby.

                  The Issuer may require each seller of Registrable Notes as
to which any registration is being effected to furnish to the Issuer such
information regarding such seller and the distribution of such Registrable
Notes as the Issuer may, from time to time, reasonably request. The Issuer
may exclude from such registration the Registrable Notes of any seller who
fails to furnish such information within twenty (20) Business Days after
receiving such request. With respect to a Shelf Registration, no Holder who
has failed to furnish such information shall be entitled to the Special
Interest provided for in Section 4 that would otherwise have accrued or be
payable during the period of time commencing with the end of such
twenty-Business Day period ending on the date such requested information is
received by the Issuer. Each seller as to which any Shelf Registration
Statement is being effected agrees to furnish promptly to the Issuer all
information required to be disclosed in order to make the information
previously furnished to the Issuer by such seller not materially misleading.

                  Each Holder of Registrable Notes and each Participating
Broker-Dealer agrees by acquisition of such Registrable Notes or Exchange
Notes to be sold by such Participating Broker-Dealer, as the case may be,
that, upon receipt of any notice from the Issuer of the happening of any
event of the kind described in Section 5(c)(B), 5(c)(D), 5(c)(E), or 5(c)(F),
such Holder will forthwith discontinue disposition of such Registrable Notes
covered by such Registration Statement or Prospectus or Exchange Notes to be
sold by such Holder or Participating Broker-Dealer, as the case may be, and,
in each case, dissemination of such Prospectus until such Holder's or
Participating Broker-Dealer's receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 5(k), or until it is advised in
writing (the "ADVICE") by the Issuer that the use of the applicable
Prospectus may be resumed, and has re-

<PAGE>

                                      -21-

ceived copies of any amendments or supplements thereto. In the event the
Issuer shall give any such notice, each of the Effectiveness Period and the
Applicable Period shall be extended by the number of days during such periods
from and including the date of the giving of such notice to and including the
date when each seller of Registrable Notes covered by such Registration
Statement or Exchange Notes to be sold by such Participating Broker-Dealer,
as the case may be, shall have received (i) the copies of the supplemented or
amended Prospectus contemplated by Section 5(j) or (ii) the Advice.

6.       REGISTRATION EXPENSES

                  All reasonable fees and expenses incident to the
performance of or compliance with this Agreement by the Issuer shall be borne
by the Issuer whether or not the Exchange Offer or a Shelf Registration is
filed or becomes effective, including, without limitation, (i) all
registration and filing fees (including, without limitation, (A) fees with
respect to filings required to be made with the NASD in connection with an
underwritten offering and (B) fees and expenses of compliance with federal
securities and state securities or Blue Sky laws (including, without
limitation, reasonable fees and disbursements of one counsel in connection
with Blue Sky qualifications of the Registrable Notes or Exchange Notes and
determination of the eligibility of the Registrable Notes or Exchange Notes
for investment under the laws of such jurisdictions (x) where the holders of
Registrable Notes are located, in the case of the Exchange Notes, or (y) as
provided in Section 5(h) hereof, in the case of Registrable Notes or Exchange
Notes to be sold by a Participating Broker-Dealer during the Applicable
Period)); (ii) printing expenses, including, without limitation, expenses of
printing certificates for Registrable Notes or Exchange Notes in a form
eligible for deposit with The Depository Trust Company; (iii) fees and
disbursements of all independent certified public accountants referred to in
Section 5(m)(iii) (including, without limitation, the expenses of any "cold
comfort" letters required by or incident to such performance); (iv) fees and
expenses of all other Persons retained by the Issuer (including fees and
expenses of the Trustee); (v) internal expenses of the Issuer (including,
without limitation, all salaries and expenses of officers and employees of
the Issuer performing legal or accounting duties); (vi) the expenses relating
to printing, word processing and distributing all Registration Statements,
underwriting agreements, securities sales agreements, indentures and any
other documents necessary in order to comply with this Agreement, but
excluding any fees and disbursements of underwriters, including, without
limitation, underwriting discounts, commissions and transfer taxes
attributable to the sale of each Registrable Note; (vii) any fees associated
with making the Registrable Notes or Exchange Notes eligible for trading
through The Depository Trust Company; and (viii) fees and disbursements of
one special counsel for the Purchasers and Sellers of Registrable Notes in
connection with the transactions contemplated by this Agreement.

<PAGE>

                                      -22-

7.       INDEMNIFICATION

                  (a)      The Issuer agrees to indemnify and hold harmless
each Holder of Registrable Notes and each Participating Broker-Dealer, the
officers, directors, employees and agents of each such Person, and each
Person, if any, who controls any such Person within the meaning of either
Section 15 of the Securities Act or Section 20 of the Exchange Act (each, a
"PARTICIPANT"), from and against any and all losses, claims, damages and
liabilities (including, without limitation, the reasonable legal fees and
other reasonable expenses actually incurred in connection with investigating
or defending any suit, action or proceeding or any claim asserted) caused by,
arising out of or based upon any untrue statement or alleged untrue statement
of a material fact contained in any Registration Statement or Prospectus (as
amended or supplemented if the Issuer shall have furnished any amendments or
supplements thereto) or caused by, arising out of or based upon any omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, except insofar as
such losses, claims, damages or liabilities are caused by any untrue
statement or omission or alleged untrue statement or omission made in
reliance upon and in conformity with information relating to any Participant
furnished to the Issuer in writing by or on behalf of such Participant
expressly for use therein; PROVIDED, HOWEVER, that the Issuer shall not be
liable if such untrue statement or omission or alleged untrue statement or
omission was contained or made in any preliminary prospectus and corrected in
the Prospectus or any amendment or supplement thereto and the Prospectus does
not contain any other untrue statement or omission or alleged untrue
statement or omission of a material fact that was the subject matter of the
related proceeding and any such loss, liability, claim, damage or expense
suffered or incurred by the Participants resulted from any action, claim or
suit by any Person who purchased Registrable Notes or Exchange Notes that are
the subject thereof from such Participant and it is established in the
related proceeding that such Participant failed to deliver or provide a copy
of the Prospectus (as amended or supplemented) to such Person with or prior
to the confirmation of the sale of such Registrable Notes or Exchange Notes
sold to such Person if required by applicable law, unless such failure to
deliver or provide a copy of the Prospectus (as amended or supplemented) was
a result of noncompliance by the Issuer with Section 5 of this Agreement.

                  (b)      Each Participant will be required to agree,
severally and not jointly, to indemnify and hold harmless the Issuer, its
directors and officers and each Person who controls the Issuer within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act
to the same extent as the foregoing indemnity from the Issuer to each
Participant, but only with reference to information relating to such
Participant furnished to the Issuer in writing by such Participant expressly
for use in any Registration Statement or Prospectus, any amendment or
supplement thereto, or any preliminary prospectus. The liability of any
Par-

<PAGE>

                                      -23-

ticipant under this paragraph shall in no event exceed the proceeds received
by such Participant from sales of Registrable Notes or Exchange Notes giving
rise to such obligations.

                  (c)      Each indemnified party shall give prompt notice to
each indemnifying party of any action commenced against it in respect of
which indemnity may be sought hereunder, enclosing a copy of all papers
properly served on such indemnified party, but failure to so notify an
indemnifying party shall not relieve such indemnifying party from any
liability which it may have other than on account of this indemnity
agreement. An indemnifying party may participate at its own expense in the
defense of any such action. If an indemnifying party so elects within a
reasonable time after receipt of such notice, then such indemnifying party,
jointly with any other indemnifying party, may assume the defense of such
action with counsel chosen thereby and approved by the indemnified parties
defendant in such action (such approval not to be unreasonably withheld);
PROVIDED that if any such indemnified party reasonably determines, based on
advice of counsel, that there may be legal defenses available to such
indemnified party which are different from or in addition to those available
to such indemnifying party or that representation of such indemnifying party
and any indemnified party by the same counsel would present a conflict of
interest, then such indemnifying party or parties shall not be entitled to
assume such defense. After notice from the indemnifying party to such
indemnified party of its election to so assume the defense thereof and
approval by such indemnified party of counsel appointed to defend such
action, the indemnifying party will not be liable for the costs and expenses
of any settlement of such action effected by such indemnified party without
the prior written consent of the indemnifying party (which consent shall not
be unreasonably withheld), unless such indemnified party waived in writing
its rights under this Section 7 in which case the indemnified party may
effect such a settlement without such consent. If an indemnifying party is
not entitled to assume the defense of such action as a result of the proviso
to the preceding sentence, then counsel for such indemnifying party shall be
entitled to conduct the defense of such indemnifying party and counsel for
each indemnified party or parties shall be entitled to conduct the defense of
such indemnified party or parties. If an indemnifying party assumes the
defense of an action in accordance with and as permitted by the provisions of
this paragraph, then such indemnifying party shall not be liable for any fees
and expenses of counsel for the indemnified parties incurred thereafter in
connection with such action. In no event shall the indemnifying party or
parties be liable for the fees and expenses of more than one counsel (in
addition to any local counsel), separate from its own counsel, for all
indemnified parties in connection with any one action or separate but similar
or related actions in the same jurisdiction arising out of the same general
allegations or circumstances.

                  (d)      If the indemnification provided for in the first
and second paragraphs of this Section 7 is legally unavailable to, and
accordingly insufficient to hold harmless, an indemnified party in respect of
any losses, claims, damages or liabilities referred to therein, then

<PAGE>

                                      -24-

each indemnifying party under such paragraphs, in lieu of indemnifying such
indemnified party thereunder and in order to provide for just and equitable
contribution, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages or liabilities
in such proportion as is appropriate to reflect the relative fault of the
indemnifying party or parties on the one hand and the indemnified party or
parties on the other in connection with the statements or omissions (or
alleged statements or omissions) that resulted in such losses, claims,
damages or liabilities (or actions in respect thereof) as well as any other
relevant equitable considerations. The relative fault of the parties shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Issuer on the
one hand or by the Participants or such other indemnified party, as the case
may be, on the other, the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission
and any other equitable considerations appropriate under the circumstances.

                  (e)      The parties agree that it would not be just and
equitable if contribution pursuant to this Section 7 were determined by PRO
RATA allocation (even if the Participants were treated as one entity for such
purpose) or by any other method of allocation that does not take account of
the equitable considerations referred to in the immediately preceding
paragraph. The amount paid or payable by an indemnified party as a result of
the losses, claims, damages and liabilities referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations
set forth above, any reasonable legal or other expenses actually incurred by
such indemnified party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this Section 7, in no
event shall a Participant be required to contribute any amount in excess of
the amount by which proceeds received by such Participant from sales of
Registrable Notes or Exchange Notes, as the case may be, exceeds the amount
of any damages that such Participant has otherwise been required to pay by
reason of such untrue or alleged untrue statement or omission or alleged
omission. 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.

                  (f)      The indemnity and contribution agreements
contained in this Section 7 will be in addition to any liability that the
indemnifying parties may otherwise have to the indemnified parties referred
to above.

8.       UNDERWRITTEN REGISTRATIONS

                  If any of the Registrable Notes covered by any Shelf
Registration are to be sold in an underwritten offering, then the investment
banker or investment bankers and manager or managers that will manage the
offering will be selected by the Holders of a majority in aggre-

<PAGE>

                                      -25-

gate principal amount of such Registrable Notes included in such offering and
reasonably acceptable to the Issuer; PROVIDED, HOWEVER, that the Issuer shall
be entitled to select one co-lead manager to administer such offering, which
co-lead manager shall be reasonably acceptable to the Holders of a majority
in aggregate principal amount of such Registrable Notes included in such
offering PROVIDED, HOWEVER, that to the extent a GE Entity participates in
the offering, it shall have the right to approve or disapprove of any
underwriter in which General Electric Company has a direct or indirect
interest of 5% or more.

                  No Holder of Registrable Notes may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell
such Holder's Registrable Notes on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

9.       MISCELLANEOUS

                  (a)      REMEDIES. Except as otherwise specifically
provided herein, in the event of a breach by the Issuer of any of its
obligations under this Agreement, each Holder of Registrable Notes and each
Participating Broker-Dealer holding Exchange Notes, in addition to being
entitled to exercise all rights provided herein, in the Indenture or, in the
case of a Purchaser, in the Purchase Agreement, or granted by law, including
recovery of damages, will be entitled to specific performance of its rights
under this Agreement. Except as otherwise specifically provided herein, the
Issuer agrees that monetary damages would not be adequate compensation for
any loss incurred by reason of a breach by it of any of the provisions of
this Agreement and hereby further agrees that, in the event of any action for
specific performance in respect of such breach, it shall waive the defense
that a remedy at law would be adequate.

                  (b)      NO INCONSISTENT AGREEMENTS. The Issuer has not
entered into, as of the date hereof, and shall not enter into, after the date
of this Agreement, any agreement with respect to any of its securities that
is inconsistent with the rights granted to the Holders of Registrable Notes
in this Agreement or otherwise conflicts with the provisions hereof. The
Issuer has not entered into and shall not enter into any agreement with
respect to any of the Issuer's securities which will grant to any Person
piggy-back rights with respect to a Registration Statement.

                  (c)      AMENDMENTS AND WAIVERS. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, otherwise
than with the prior written consent of (i) the Holders of not less than a
majority in aggregate principal amount of the then outstanding Registrable
Notes and (ii) in circumstances that would adversely affect Participating
Broker-Dealers, the

<PAGE>

                                      -26-

Participating Broker-Dealers holding not less than a majority in aggregate
principal amount of the Exchange Notes held by all Participating
Broker-Dealers; PROVIDED, HOWEVER, that Section 7 and this Section 10(c) may
not be amended, modified or supplemented without the prior written consent of
each Holder and each Participating Broker-Dealer (including any Person who
was a Holder or Participating Broker-Dealer of Registrable Notes or Exchange
Notes, as the case may be, disposed of pursuant to any Registration
Statement). Notwithstanding the foregoing, a waiver or consent to depart from
the provisions hereof with respect to a matter that relates exclusively to
the rights of Holders of Registrable Notes whose securities are being
tendered pursuant to the Exchange Offer or sold pursuant to a Registration
Statement and that does not directly or indirectly affect, impair, limit or
compromise the rights of other Holders of Registrable Notes may be given by
Holders of at least a majority in aggregate principal amount of the
Registrable Notes being tendered or being sold by such Holders pursuant to
such Registration Statement.

                  (d)      NOTICES. All notices and other communications
provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, next-day air courier or
telecopier:

                    (i) if to a Holder of Registrable Notes, at the most current
         address of such Holder set forth on the records of the Issuer or the
         registrar under the Indenture, as the case may be; and

                   (ii) if to the Issuer c/o Atrium Holdings, Inc. at 1341 West
         Mockingbird Lane, Suite 1200W, Dallas, Texas 75247, attention of Jeff
         Hull, with a copy to Paul, Hastings, Janofsky and Walker LLP, 399 Park
         Avenue, New York, NY 10022, Attention: Joel Simon, Esq. and Marie
         Censoplano, Esq., or at such other address as the Issuer shall have
         specified to each Holder in writing.

                  All such notices and communications shall be deemed to have
been duly given: when delivered by hand, if personally delivered; five
business days after being deposited in the mail, postage prepaid, if mailed;
one business day after being timely delivered to a next-day air courier
guaranteeing overnight delivery; and when receipt is acknowledged by the
addressee, if telecopied.

                  Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee
under the Indenture at the address specified in such Indenture.

                  (e)      SUCCESSORS AND ASSIGNS. This Agreement shall inure
to the benefit of and be binding upon the successors and assigns of each of
the parties hereto and the Holders; PROVIDED, HOWEVER, that this Agreement
shall not inure to the benefit of or be binding upon a

<PAGE>

                                      -27-

successor or assign of a Holder unless and to the extent such successor or
assign holds Registrable Notes.

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

                  (g)      HEADINGS. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                  (h)      GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS
APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK,
EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.
EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS
OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT.

                  (i)      SEVERABILITY. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, then the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated,
and the parties hereto shall use their best efforts to find and employ an
alternative means to achieve the same or substantially the same result as
that contemplated by such term, provision, covenant or restriction. It is
hereby stipulated and declared to be the intention of the parties that they
would have executed the remaining terms, provisions, covenants and
restrictions without including any of such that may be hereafter declared
invalid, illegal, void or unenforceable.

                  (j)      NOTES HELD BY THE ISSUER OR ITS AFFILIATES.
Whenever the consent or approval of Holders of a specified percentage of
Registrable Notes is required hereunder, Registrable Notes held by the Issuer
or its affiliates (as such term is defined in Rule 405 under the Securities
Act) shall not be counted in determining whether such consent or approval was
given by the Holders of such required percentage.

                  (k)      THIRD-PARTY BENEFICIARIES. Holders of Registrable
Notes and Participating Broker-Dealers are intended third-party beneficiaries
of this Agreement and this Agreement may be enforced by such Persons.

<PAGE>

                                      -28-

                  (l)      ENTIRE AGREEMENT. This Agreement, together with
the Purchase Agreement is intended by the parties as a final and exclusive
statement of the agreement and understanding of the parties hereto in respect
of the subject matter contained herein and therein and any and all prior oral
or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the
Purchasers on the one hand and the Issuer on the other, or between or among
any agents, representatives, parents, subsidiaries, affiliates, predecessors
in interest or successors in interest with respect to the subject matter
hereof and thereof are merged herein and replaced hereby.

<PAGE>

                                      S-1

                  IN WITNESS WHEREOF, the parties have caused this
Registration Rights and Stockholders Agreement to be duly executed as of the
date first written above.

                                             D and W HOLDINGS, INC.

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                             [             ]

                                             By:

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                             [             ]

                                             By:

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                             [             ]

                                             By:

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

<PAGE>

                                      S-2

                                             [             ]

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                             [             ]

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:

                                             [             ]

                                             By:

                                             By:
                                                 ------------------------------
                                                 Name:
                                                 Title:<PAGE>

================================================================================

                 REGISTRATION RIGHTS AND STOCKHOLDERS AGREEMENT

                                      among

                             D and W HOLDINGS, INC.,

                                   as Issuer,

                  GE Investment Private Placement Partners II,

                              a Limited Partnership

                                       and

                           THE PURCHASERS NAMED HEREIN

                          Dated as of October 25, 2000

================================================================================

<PAGE>

                  THIS REGISTRATION RIGHTS AND STOCKHOLDERS AGREEMENT (the
"AGREEMENT") is made and entered into as of October 25, 2000, among D and W
Holdings, Inc., a Delaware corporation (together with its successors, the
"ISSUER"), [GE Investment Private Placement Partners II, a Limited Partnership
(together with its successors, assigns and Affiliates, the "GE Entity")] and
the purchasers listed on the signature pages hereto (each a "PURCHASER" and,
collectively, the "PURCHASERS").

                  This Agreement is made pursuant to the Purchase Agreement
(the "PURCHASE AGREEMENT"), dated as of October 25, 2000, by and among the
Issuer and the Purchasers, relating to the sale by the Issuer to the
Purchasers of (i) $36.5 million aggregate principal amount of the Issuer's
15% Senior Pay-In-Kind Notes due 2010 (the "NOTES") and (ii) 13,168,922
shares of the Issuer's Series A common stock, par value $.01 per share (the
"SERIES A COMMON STOCK"), and 3,292,231 shares of the Issuer's Series B
common stock, par value $.01 per share (the "SERIES B COMMON STOCK" and,
together with the Series A Common Stock and the Notes, the "Securities").

                  In order to induce the Purchasers to enter into the
Purchase Agreement, the Issuer has agreed to provide to the Holders (as
defined herein), the registration rights and other rights for the Registrable
Securities (as defined herein) set forth in this Agreement. The execution of
this Agreement is a condition to the obligations of the Purchasers to
purchase the Securities under the Purchase Agreement.

                  In consideration of the foregoing, the parties hereto agree
as follows:

                  1. DEFINITIONS.

                  As used in this Agreement, the following capitalized
defined terms shall have the following meanings. Capitalized terms used
herein without definition shall have the meaning ascribed to such terms in
the Purchase Agreement.

                  "ADVICE" shall have the meaning ascribed to that term in the
         last paragraph of Section 4.

                  "AFFILIATE" means, with respect to any specified Person: (i)
         any other Person directly or indirectly controlling or controlled by or
         under direct or indirect common control with such specified Person;
         (ii) any other Person that owns, directly or indirectly, 10% or more of
         such specified Person's Capital Stock or any officer or director of any
         such specified Person or other Person or, with respect to any natural
         Person, any person having a relationship with such Person by blood,
         marriage or adoption no more remote than first cousin; or (iii) any
         other Person 10% or more of the Voting Stock of which is beneficially
         owned or held directly or indirectly by such specified Person. For the
         purposes of this definition, "control" when used with respect to any
         specified Person means the power to direct the management and policies
         of such Person, directly or indirectly, whether through ownership of
         voting securities, by contract or otherwise; and the terms
         "controlling" and "controlled" have meanings correlative to the
         foregoing. With respect to a Purchaser, an Affiliate shall also
         include, without limitation, any Person managed or

<PAGE>

         advised by, or controlling or under common control with, such
         Purchaser or any of its Affiliates.

                  "AGREEMENT" shall have the meaning ascribed to that term in
         the preamble hereto.

                  "BLACK OUT PERIOD" shall have the meaning ascribed to that
         term in Section 2.1.

                  "BOARD OF DIRECTORS" shall mean the Board of Directors of the
         Issuer or any authorized committee of such Board of Directors.

                  "BUSINESS DAY" shall mean a day that is not a Legal Holiday.

                  "CAPITAL STOCK" shall mean, (i) with respect to any Person
         that is a corporation, any and all shares, interests, participations or
         other equivalents (however designated and whether or not voting) of
         corporate stock, including each class of common stock and preferred
         stock of such Person; (ii) with respect to any Person that is not a
         corporation, any and all partnership, membership or other equity
         interests of such Person; and (iii) any rights, warrants or options
         exchangeable for or convertible into any of the foregoing.

                  "CHANGE OF CONTROL" shall have the meaning ascribed to that
         term in the Purchase Agreement.

                  "CLOSING TIME" shall have the meaning ascribed to that term in
         the Purchase Agreement.

                  "COMMON STOCK" shall mean the Series A Common Stock and the
         Series B Common Stock.

                  "DEMAND" shall have the meaning ascribed to that term in
         Section 2.1.

                  "DEMAND REGISTRATION" shall have the meaning ascribed to that
         term in Section 2.1.

                  "DISINTERESTED DIRECTORS" shall mean, with respect to any
         transaction or series of related transactions, a member of the Board of
         Directors who does not have any material direct or indirect financial
         interest in or with respect to such transaction or series of related
         transactions.

                  "DRAG-ALONG RIGHTS" shall have the meaning ascribed to that
         term in Section 3.4.

                  "EFFECTIVENESS PERIOD" shall have the meaning ascribed to that
         term in Section 2.1.

                  "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934,
         as amended from time to time.

                                      -2-
<PAGE>

                  "EXCLUDED TRANSFER" shall mean (i) a Transfer by a GE Entity
         or any of its Affiliates to an Affiliate of such GE Entity so long as
         such Affiliate agrees to be bound by the transferor's obligations under
         this Agreement to the same extent as such GE Entity and (ii) a Transfer
         pursuant to a registered public offering, in which holders of Shares
         and Registrable Securities have available to them (without cut-back)
         the rights provided under Section 2.2.

                  "FAIR MARKET VALUE" shall mean the value of any securities as
         determined (without any discount attributable to (i) the fact that such
         securities represent a minority equity interest in the Issuer, (ii) the
         fact that such securities lack liquidity, and (iii) any control premium
         or any premium attributable to the rights set forth in this Agreement)
         by an Independent Financial Expert selected by the Issuer for the
         determination of such value).

                  "GE ENTITY" shall have the meaning ascribed to that term in
         the preamble hereto.

                  "HOLDER" shall mean each of the Purchasers, for so long as the
         Purchasers own any Registrable Securities, and their successors,
         assigns and direct and indirect transferees who become registered
         owners of Registrable Securities.

                  "INCLUDED SECURITIES" shall have the meaning ascribed to that
         term in the Section 3.3.

                  "INDEPENDENT FINANCIAL EXPERT" shall mean a United States
         investment banking firm of national standing in the United States (i)
         which does not, and whose directors, officers and employees or
         Affiliates do not, have a direct or indirect material financial
         interest for its proprietary account in the Issuer or any of its
         Affiliates, (ii) which, in the judgment of the Board of Directors of
         the Issuer, is otherwise independent with respect to the Issuer and its
         Affiliates and qualified to perform the task for which it is to be
         engaged and (iii) which is approved by Holders of more that 75% of the
         Registrable Securities.

                  "INITIAL PUBLIC EQUITY OFFERING" shall mean a primary
         underwritten public offering (but excluding any offering pursuant to
         Form S-8 under the Securities Act or any other publicly registered
         offering pursuant to the Securities Act pertaining to an issuance of
         shares of Common Stock or securities exercisable therefor under any
         benefit plan, employee compensation plan, or employee or director stock
         purchase plan) and sale of Common Stock of the Issuer pursuant to an
         effective registration statement under the Securities Act, upon
         consummation of which the Issuer's Common Stock is listed on a national
         securities exchange or quoted on the Nasdaq National Market System.

                  "ISSUER" shall have the meaning ascribed to that term in the
         preamble hereto.

                  "LEGAL HOLIDAY" shall mean a Saturday, a Sunday or a day on
         which banking institutions in The City of New York or at a place of
         payment are authorized by law, regulation or executive order to remain
         closed.

                                      -3-
<PAGE>

                  "LOCK-UP PERIOD" shall have the meaning ascribed to that term
         in Section 2.1.

                  "MAJORITY HOLDER" shall have the meaning ascribed to that term
         in Section 2.5.

                  "NOTES" shall have the meaning ascribed to that term in the
         preamble hereto.

                  "PARTICIPATING HOLDERS" shall have the meaning ascribed to
         that term in Section 3.3.

                  "PERSON" shall mean any individual, corporation (including,
         without limitation, a business trust, professional corporation and
         insurance company), limited liability company, partnership, joint
         venture, association, joint-stock company, trust, unincorporated
         organization or government or any agency or political subdivision
         thereof or any legally recognizable entity.

                  "PIGGY-BACK REGISTRATION" shall have the meaning ascribed to
         that term in Section 2.2.

                  "PREFERRED STOCK", as applied to the Capital Stock of any
         corporation, means Capital Stock of any class or classes (however
         designated) which is preferred as to the payment of dividends, or as to
         the distribution of assets upon any voluntary or involuntary
         liquidation or dissolution of such corporation, over shares of Capital
         Stock of any other class of such corporation.

                  "PROPOSED PURCHASER" shall have the meaning ascribed to that
         term in Section 3.3.

                  "PROPOSED TRANSFER DATE" shall have the meaning ascribed to
         that term in Section 3.3.

                  "PROSPECTUS" shall mean the prospectus included in any
         Registration Statement (including, without limitation, a prospectus
         that discloses information previously omitted from a prospectus filed
         as part of an effective registration statement in reliance upon Rule
         430A promulgated pursuant to the Securities Act), as amended or
         supplemented by any prospectus supplement, with respect to the terms of
         the offering of any portion of the Registrable Securities covered by
         such Registration Statement, and all other amendments and supplements
         to any such prospectus, including post-effective amendments, and all
         material incorporated by reference or deemed to be incorporated by
         reference, if any, in such prospectus.

                  "PURCHASE AGREEMENT" shall have the meaning ascribed to that
         term in the preamble hereto.

                  "PURCHASERS" shall have the meaning ascribed to that term in
         the preamble hereto.

                  "QUALIFYING IPO" shall mean an Initial Public Equity Offering
         generating aggregate gross proceeds to the Issuer of at least $50
         million.

                                      -4-
<PAGE>

                  "REGISTRABLE SECURITIES" shall mean any of the Shares (as
         defined below). As to any particular Registrable Securities, such
         securities shall cease to be Registrable Securities when (i) a
         Registration Statement with respect to the sale of such securities by
         the Holder thereof shall have been declared effective under the
         Securities Act and such securities shall have been disposed of by such
         Holder in accordance with such Registration Statement; (ii) such
         securities can be sold to the public without volume or manner of sale
         limitations pursuant to Rule 144 (or any successor provision)
         promulgated under the Securities Act; (iii) such securities shall have
         been otherwise transferred and new certificates for them not bearing a
         legend restricting further transfer shall have been delivered by the
         Issuer and subsequent disposition of such securities shall not require
         registration or qualification under the Securities Act or any similar
         state law then in force; or (iv) such securities shall have ceased to
         be outstanding.

                  "REGISTRATION EXPENSES" shall mean all expenses incident to
         the Issuer's performance of or compliance with this Agreement,
         including, without limitation, all SEC and stock exchange or National
         Association of Securities Dealers, Inc. registration and filing fees
         and expenses, fees and expenses of compliance with securities or blue
         sky laws (including, without limitation, in the event of an
         underwritten offering, reasonable fees and disbursements of counsel for
         the underwriters in connection with blue sky qualifications of the
         Registrable Securities), rating agency fees, printing expenses,
         messenger, telephone and delivery expenses, fees and disbursements of
         counsel for the Issuer and all independent certified public
         accountants, and, in the event of an underwritten offering, the fees
         and disbursements of underwriters customarily paid by issuers or
         sellers of securities (but not including (i) any underwriting discounts
         or commissions or transfer taxes, if any, attributable to the sale of
         Registrable Securities by Holders of such Registrable Securities or
         (ii) fees and expenses of one counsel, accountants and/or other experts
         or advisors for the Holders).

                  "REGISTRATION STATEMENT" shall mean any registration statement
         of the Issuer which covers any of the Registrable Securities pursuant
         to the provisions of this Agreement and all amendments and supplements
         to any such Registration Statement, including post-effective
         amendments, in each case including the Prospectus contained therein,
         all exhibits thereto and all material incorporated by reference
         therein.

                  "REQUISITE SHARES" shall mean a number of Registrable
         Securities equivalent to not less than 25% of the Registrable
         Securities outstanding as of any date of determination; PROVIDED, that
         no Registrable Security held by the Issuer or any of its Subsidiaries
         or Affiliates shall be included in determining such 25%.

                  "RULE 144" shall mean Rule 144 under the Securities Act (or
         any successor provision), as it may be amended from time to time.

                  "RULE 144A" shall mean Rule 144A under the Securities Act (or
         any successor provision), as such Rule may be amended from time to
         time.

                                      -5-
<PAGE>

                  "SEC" shall mean the Securities and Exchange Commission.

                  "SECURITIES" shall have the meaning ascribed to that term in
         the preamble hereto.

                  "SECURITIES ACT" shall mean the Securities Act of 1933, as
         amended, and the rules and regulations promulgated by the Commission
         thereunder.

                  "SHARES" shall mean (i) the Common Stock issued to the
         Purchasers pursuant to the Purchase Agreement on the date hereof,
         whether held by any of them or any subsequent permitted assignee or
         transferee and (ii) any other securities issued or issuable to the
         Purchasers with respect to or in exchange for the Common Stock issued
         to the Purchasers pursuant to the Purchase Agreement, by way of stock
         dividend or stock split or in connection with a combination of shares,
         recapitalization, merger, consolidation or other reorganization or
         otherwise.

                  "TAG-ALONG NOTICE" shall have the meaning ascribed to that
         term in Section 3.3.

                  "TAG-ALONG RIGHT" shall have the meaning ascribed to that term
         in Section 3.3.

                  "TRANSFER" shall have the meaning ascribed to that term in
         Section 3.1.

                  "TRANSFER AGENT" shall have the meaning ascribed to that term
         in Section 3.2.

                  "TRANSFER NOTICE" shall have the meaning ascribed to that term
         in Section 3.3.

                  "TRIGGERING EVENT" shall mean the earlier of: (i) October 25,
         2003 and (ii) the 180th day (or such earlier date as determined by the
         Issuer in its sole discretion) following an Initial Public Equity
         Offering.

                  "VOTING STOCK" shall mean any class or classes of Capital
         Stock pursuant to which the holders thereof have the general voting
         power under ordinary circumstances to elect at least a majority of the
         Board of Directors, managers or trustees of any Person (irrespective of
         whether or not, at the time, stock of any other class or classes shall
         have, or might have, voting power by reason of the happening of any
         contingency).

                  "WITHDRAWAL ELECTION" shall have the meaning ascribed to that
         term in Section 2.3.

                  2. REGISTRATION RIGHTS AND OTHER RIGHTS AND OBLIGATIONS OF THE
HOLDERS.

                  2.1. DEMAND REGISTRATION.

                  (a) REQUEST FOR REGISTRATION. At any time on or after the
occurrence of a Triggering Event, Holders owning, individually or in the
aggregate, at least the Requisite Shares may make written requests (a
"Demand") for registration under the Securities Act of their Registrable
Securities (a "DEMAND REGISTRATION"). Any such Demand will specify the number
of Registrable

                                      -6-
<PAGE>

Securities proposed to be sold and will also specify the intended method of
disposition thereof. Subject to the other provisions of this Section 2.1, the
Issuer shall give written notice of such Demand within 30 days after the
receipt thereof to all other Holders. Within 30 days after receipt of such
notice by any Holder, such Holder may request in writing that its Registrable
Securities be included in such registration and the Issuer shall include in
the Demand Registration the Registrable Securities of any such selling Holder
requested to be so included. Each such request by such other selling Holders
shall specify the number of Registrable Securities proposed to be sold and
the intended method of disposition thereof. Upon a Demand, the Issuer will
(i) prepare, file and use its reasonable best efforts to cause to become
effective within 150 days of such Demand a Registration Statement in respect
of all the Registrable Securities that Holders request for inclusion therein;
PROVIDED that if such Demand occurs during a Black Out Period (as defined
below) or a period (not to exceed 90 days) during which the Issuer is
prohibited or restricted from issuing or selling Common Stock pursuant to (a)
any underwriting or purchase agreement relating to an underwritten public
offering of Common Stock or securities convertible into or exchangeable for
Common Stock under Rule 144A or registered under the Securities Act or (b)
any agreement with a securityholder of the Issuer exercising registration
rights pursuant to an agreement in existence on the date hereof (a "LOCK-UP
PERIOD"), then the Issuer shall not be required to notify the Holders of such
Demand or file such Registration Statement prior to the end of the Black Out
Period or Lock-Up Period, as the case may be, in which event, the Issuer will
use its reasonable best efforts to cause such Registration Statement to
become effective as soon as practicable, but in no event later than 90 days
after the end of the Black Out Period or Lock-Up Period, as the case may be,
and (ii) keep such Registration Statement continuously effective for the
shorter of (a) 180 days and (b) such period of time as all of the Registrable
Securities included in such Registration Statement have been sold thereunder
(such shorter period, the "EFFECTIVENESS PERIOD"). Notwithstanding anything
set forth in the immediately preceding sentence, the Issuer may postpone the
filing period, suspend the effectiveness of any registration, suspend the use
of any Prospectus and shall not be required to amend or supplement the
Registration Statement, any related Prospectus or any document incorporated
therein by reference (other than an effective registration statement being
used for an underwritten offering) in the event that, and for a period, in
the case of any particular Demand Registration, not to exceed an aggregate of
45 days ("BLACK OUT PERIOD"), if (i) an event or circumstance occurs and is
continuing as a result of which the Registration Statement, any related
Prospectus or any document incorporated therein by reference as then amended
or supplemented would, in the Issuer's good faith judgment, contain an untrue
statement of a material fact or omit to state a material fact necessary in
order to make the statements therein, in the light of the circumstances under
which they were made, not misleading and (ii)(a) the Issuer determines in its
good faith judgment that the disclosure of such event at such time would have
a material adverse effect on the business, operations or prospects of the
Issuer or (b) the disclosure otherwise relates to a material business
transaction which has not yet been publicly disclosed; PROVIDED, FURTHER,
that, if the effectiveness of any Registration Statement is suspended as a
result of a Black Out Period, then the Effectiveness Period shall be extended
by the number of days in any Black Out Period.

                  In the event of the occurrence of any Black Out Period
during an Effectiveness Period, the Issuer will promptly notify the Holders
of Registrable Securities thereof in writing.

                                      -7-
<PAGE>

                  (b) EFFECTIVE REGISTRATION. Except as specifically provided
herein, the Issuer is only required to effect two Demand Registrations under
this Agreement (whether or not all of the Holders of Registrable Securities
elect to participate in such Demand Registration on the basis set forth
herein). A registration will not be deemed to have been effected as a Demand
Registration, and thereby satisfy the obligation hereunder, unless it has
been declared effective by the SEC and the Issuer has complied in all
material respects with its obligations under this Agreement with respect
thereto; PROVIDED that if, after it has become effective, the offering of
Registrable Securities pursuant to such registration is or becomes the
subject of any stop order, injunction or other order or requirement of the
SEC or any other governmental or administrative agency, or if any court
prevents or otherwise limits the sale of Registrable Securities pursuant to
the registration (for any reason other than the act or omissions of the
Holders) for the period of time contemplated hereby, then such registration
will be deemed not to have been effected. If (i) a registration requested
pursuant to this Section 2.1 is deemed not to have been effected or (ii) the
registration requested pursuant to this Section 2.1 does not remain effective
for the Effectiveness Period, then the Issuer shall not be deemed to have
effected a Demand Registration and its obligations pursuant to this Section
2.1 will continue. The Holders of Registrable Securities shall be permitted
to withdraw all or any part of the Registrable Securities from a Demand
Registration at any time prior to the effective date of such Demand
Registration. If at any time a Registration Statement is filed pursuant to a
Demand Registration, and subsequently a sufficient number of the Registrable
Securities are withdrawn from the Demand Registration so that such
Registration Statement does not cover that number of Registrable Securities
at least equal to one-half of the Requisite Shares, then the Holders who have
not withdrawn their Registrable Securities shall have the opportunity to
include an additional number of Registrable Securities in the Demand
Registration so that such Registration Statement covers that number of
Registrable Securities at least equal to one-half of the Requisite Shares. If
an additional number of Registrable Securities is not so included, then the
Issuer may withdraw the Registration Statement. Such withdrawn Registration
Statement will not count as a Demand Registration and the Issuer shall
continue to be obligated to effect such registration pursuant to this Section
2.1.

                  (c) PRIORITY IN DEMAND REGISTRATIONS PURSUANT TO SECTION
2.1. If a Demand Registration pursuant to this Section 2.1 involves an
underwritten offering and the lead managing underwriter advises the Issuer in
writing that, in its view, the number of Registrable Securities requested by
the Holders to be included in such registration, together with any other
securities permitted to be included in such registration exceeds the number
that, in the view of such lead managing underwriter, can be sold, then the
number of such Registrable Securities to be included in such registration
shall be allocated PRO RATA among all requesting Holders on the basis of the
relative number of Registrable Securities then held by each such Holder
(provided that any Registrable Securities thereby allocated to any such
Holder that exceed such Holder's request shall be reallocated among the
remaining requesting Holders in like manner). In the event that the number of
Registrable Securities requested to be included in such registration is less
than the number that, in the view of the lead managing underwriter, can be
sold, the Issuer may (with the written consent of the Requisite Holders not
to be unreasonably withheld) include in such registration the Shares that the
Issuer proposes to sell up to the number of Shares that, in the view of

                                      -8-
<PAGE>

the lead managing underwriter, can be sold without adversely affecting the
success of the offering, including the price at which the Registrable
Securities can be sold.

                  (d) SELECTION OF UNDERWRITER. If the Holders so elect, the
offering of Registrable Securities pursuant to a Demand Registration shall be
in the form of an underwritten offering. Holders of the Requisite Shares
shall select one or more nationally recognized firms of investment bankers
(to whom the Issuer shall not have reasonably objected) to act as the
managing underwriter or underwriters in connection with such offering and
shall select any additional investment bankers and managers to be used in
connection with the offering PROVIDED, HOWEVER, that to the extent a GE
Entity participates in the offering, it shall have the right to approve or
disapprove of any underwriter in which General Electric Company has a direct
or indirect interest of 5% or more.

                  (e) EXPENSES. The Issuer will pay all Registration Expenses
in connection with the registrations requested pursuant to Section 2.1(a).
Each Holder shall pay all underwriting discounts and commissions and transfer
taxes, if any, relating to the sale or disposition of such Holder's
Registrable Securities pursuant to any registration statement requested
pursuant to this Section 2.1.

                  2.2. PIGGY-BACK REGISTRATION. If at any time the Issuer
proposes to file a Registration Statement under the Securities Act with
respect to an offering by the Issuer for its own account or for the account
of any of its respective securityholders of any securities (other than (i) an
Initial Public Equity Offering, unless other securityholders of the Issuer
are participating therein; (ii) a registration statement on Form S-4 or S-8
(or any substitute forms that may be adopted by the SEC); (iii) a
registration statement filed in connection with an offer or offering of
securities by the Issuer for its own account solely to the Issuer's existing
securityholders; (iv) a Demand Registration; or (v) a shelf registration
statement filed pursuant to the Exchange and Registration Rights Agreement
dated the date hereof among the Issuer and the other parties thereto), then
the Issuer shall give written notice of such proposed filing to the Holders
of Registrable Securities as soon as practicable (but in no event less than
twenty (20) Business Days before the anticipated filing date), and such
notice shall offer such Holders the opportunity to register such number of
Registrable Securities as each such Holder may request (which request shall
specify the Registrable Securities intended to be disposed of by such Holder
and the intended method of distribution thereof) (a "PIGGY-BACK
REGISTRATION"). The Issuer shall use its reasonable best efforts to cause the
managing underwriter or underwriters of such proposed underwritten offering
to permit the Registrable Securities requested to be included in a Piggy-Back
Registration to be included on the same terms and conditions as any similar
securities of the Issuer or any other securityholder included therein and to
permit the sale or other disposition of such Registrable Securities in
accordance with the intended method of distribution thereof; PROVIDED,
HOWEVER, in no event shall the Issuer be required to reduce the number of
securities proposed to be sold by the Issuer or alter the terms of the
securities proposed to be sold by the Issuer in order to induce the managing
underwriter or underwriters to permit Registrable Securities to be included.
Any Holder shall have the right to withdraw its request for inclusion of its
Registrable Securities in any Registration Statement pursuant to this Section
2.2 by giving written notice to

                                      -9-
<PAGE>

the Issuer of its request to withdraw no later than three (3) Business Days
prior to the effectiveness of the Registration Statement. The Issuer may
withdraw a Piggy-Back Registration at any time prior to the time it becomes
effective; PROVIDED that the Issuer shall give prompt notice thereof to
participating Holders. The Issuer will pay all Registration Expenses in
connection with each registration of Registrable Securities requested
pursuant to this Section 2.2, and each Holder shall pay all underwriting
discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of such Holder's Registrable Securities pursuant to a
registration statement effected pursuant to this Section 2.2.

                  No registration effected under this Section 2.2, and no
failure to effect a registration under this Section 2.2, shall relieve the
Issuer of its obligation to effect a registration upon the request of Holders
pursuant to Section 2.1, and no failure to effect a registration under this
Section 2.2 and to complete the sale of Registrable Securities in connection
therewith shall relieve the Issuer of any other obligation under this
Agreement. In no event shall a Piggyback Registration be deemed to constitute
a Demand Registration.

                  2.3. REDUCTION OF OFFERING.

                  PIGGY-BACK REGISTRATION. If the lead managing underwriter
of any underwritten offering described in Section 2.2 has informed, in
writing, the Holders of the Registrable Securities requesting inclusion in
such offering that it is its opinion that the total number of securities that
the Issuer, the Holders and any other Persons desiring to participate in such
registration intend to include in such offering is such as to materially and
adversely affect the success of such offering, including the price at which
such securities can be sold, then the number of Registrable Securities to be
offered for the account of such Holders participating in such registration
shall be reduced or limited PRO RATA in proportion to the respective number
of securities requested to be registered by such Holder to the aggregate
number of Securities to be registered by all holders thereof in such
registration to the extent necessary to reduce the total number of
Registrable Securities requested to be included in such offering to the
number of securities, if any, recommended by such lead managing underwriter.
If a reduction in the Registrable Securities pursuant to this paragraph
would, in the judgment of the lead managing underwriter, be insufficient to
substantially eliminate the adverse effect that inclusion of the Registrable
Securities requested to be included would have on such offering, then such
Registrable Securities will be excluded from such offering. In no event shall
the Issuer be required to reduce the number of securities to be sold by it in
the offering.

                  If, as a result of the proration provisions of this Section
2.3, any Holder shall not be entitled to include all Registrable Securities
in a Piggy-Back Registration that such Holder has requested to be included,
then such Holder may elect to withdraw his request to include Registrable
Securities in such registration (a "WITHDRAWAL ELECTION"); PROVIDED that a
Withdrawal Election shall be made prior to the effectiveness of the
Registration Statement and shall be irrevocable and, after making a
Withdrawal Election, a Holder shall no longer have any right to include
Registrable Securities in the registration as to which such Withdrawal
Election was made.

                                      -10-
<PAGE>

                  2.4. LOCK-UP OF HOLDERS. If the Issuer has complied with
all of its obligations under this Agreement, then all Holders of Registrable
Securities, upon request of the lead managing underwriter, shall agree not to
sell or otherwise dispose of any Registrable Security owned by them for a
period not to exceed, in the case of an Initial Public Offering, 180 days
from the consummation of such Initial Public Equity Offering, and, in the
case of any subsequent public equity offering of the Issuer, 90 days from the
consummation of such offering, or, in each case, such shorter period as the
lead managing underwriter shall otherwise agree.

                  2.5. BLOCKING RIGHTS. Prior to an Initial Public Equity
Offering, so long as any Purchaser (including any of its Affiliates)
beneficially owns, in the aggregate, 50% or more of the Shares purchased by
such Purchaser (including its Affiliates) on the date hereof pursuant to the
Purchase Agreement (a "MAJORITY HOLDER"), then the Issuer shall not, and
shall not cause or permit any of its Subsidiaries to, without the prior
written consent of each such Majority Holder, (i) issue any of its Capital
Stock (x) without giving each Majority Holder not less than ten Business Days
prior written notice of such proposed issuance and providing each Holder with
a determination of the Fair Market Value of the Capital Stock proposed to be
issued or (y) at a price that is less than the Fair Market Value of such
Capital Stock (other than (A) not more than 16,000,000 shares of Capital
Stock pursuant to the exercise of existing stock options issued to employees,
management and directors, and (B) stock options, and the shares of Capital
Stock issuable pursuant to the exercise of such stock options, granted to
employees, management and directors after the date hereof; PROVIDED,that the
aggregate number of shares issued pursuant to such additional stock options
shall not, in any fiscal year of the Issuer, exceed the sum of (1) 0.75% of
the total number of shares of Capital Stock outstanding on the first day of
such fiscal year, PLUS (2) the number of shares which would have been
issuable in such fiscal year pursuant to stock options referred to in item
(A) of this parenthetical which have theretofore been canceled); PROVIDED,
that unless any Majority Holder shall object to such determination within 10
Business Days after receipt of notice thereof, such determination of Fair
Market Value may be made by the Issuer's Board of Directors rather than by an
Independent Financial Expert (as provided in the definition of such term) and
PROVIDED, FURTHER, that, notwithstanding the foregoing, the Issuer shall not
issue any shares of Preferred Stock after the date hereof; or (ii) directly
or indirectly, conduct any business or enter into or suffer to exist any
transaction or series of related transactions (including, without limitation,
the sale, purchase, exchange or lease of assets, property or services) with,
or for the benefit of, any Affiliate of the Issuer or of a Subsidiary (other
than the Issuer or a wholly owned subsidiary of the Issuer) or any beneficial
holder of 10% or more of any class of Capital Stock of the Issuer or a
Subsidiary of the Issuer or any officer, director or employee of the Issuer
or a Subsidiary of the Issuer (an "AFFILIATE TRANSACTION") except as
permitted by the Purchase Agreement and the form of indenture attached to the
Purchase Agreement.

                  3. TRANSFERS/PREEMPTIVE RIGHTS.

                  3.1. GENERAL. Other than an Excluded Transfer, no GE Entity
shall, directly or indirectly, sell, assign, give, transfer, exchange,
convert, devise, bequeath, pledge or otherwise dispose of, in any transaction
or series of transactions (each, a "TRANSFER"), any Shares or the

                                      -11-

<PAGE>

beneficial ownership thereof or any interest therein except in compliance
with this Section 3. The GE Entity agrees that every Transfer of its Shares
shall comply with all federal and state securities laws applicable to such
transaction.

                  3.2. RESTRICTIONS ON TRANSFER.

                  (a) The Issuer will keep, at the office or agency
maintained by the Issuer for such purpose, a register or registers in which,
subject to such reasonable regulations as it may prescribe, the Issuer shall
provide for the registration of, and registration of transfer of, Securities
as provided in this Section. Each person designated by the Issuer from time
to time as a person authorized to register the transfer and exchange of
Securities is hereinafter called, individually and collectively, the
"TRANSFER AGENT." The Issuer has initially appointed its Secretary and
General Counsel as Transfer Agent. Upon written notice to the Secretary and
General Counsel of the Issuer and any acting Transfer Agent, the Issuer may
appoint a successor Transfer Agent for such purposes.

                  (b) Any Transfer made in violation of this Agreement by the
Holders, the GE Entities or any of their Affiliates shall be deemed null and
void and shall not be recorded as a transfer upon the stock transfer books of
the Issuer. Each certificate representing Securities held by the Holders, the
GE Entities and each of their Affiliates shall contain the legend set forth
in Section 9(j) hereof indicating that the transfer of such Securities is
subject to the terms and restrictions of this Agreement, and the GE Entities
and the Holders hereby consent to the placement of such legend on the
certificate or certificates representing the Securities beneficially owned by
such party.

                  3.3. TAG-ALONG RIGHTS.

                  (a) Prior to a Qualifying IPO, none of the GE Entities
will, directly or indirectly, sell or transfer beneficial ownership of shares
representing any of the Common Stock of the Issuer (whether now or hereafter
issued), in any transaction or series of related transactions to any Person
(other than an Excluded Transfer) (such other Person being hereinafter
referred to as the "PROPOSED PURCHASER"), the holders of Registrable
Securities shall have the irrevocable and exclusive right, but not the
obligation (the "TAG-ALONG RIGHT"), to require the Proposed Purchaser to
purchase from each of them up to such number of Registrable Securities (the
"INCLUDED SECURITIES") as is determined in accordance with Section 3.3(c).
Any GE Entity shall give written notice (a "TRANSFER NOTICE") at least 30
days prior to the date of the proposed Transfer (the "PROPOSED TRANSFER
DATE") to the holders of Registrable Securities specifying in reasonable
detail (i) the identity of the Proposed Purchaser; (ii) the proposed amount
of consideration, material terms and conditions of payment offered by such
Proposed Purchaser (if the proposed consideration is not cash, then the
Transfer Notice shall describe the terms of the proposed consideration) and
the time and place of the closing for the proposed Transfer; and (iii) the
number of and class of Securities proposed to be directly or indirectly
Transferred by such GE Entity. The Tag-Along Right shall be exercised by any
or all of the holders of Registrable Securities by giving written notice to
the Issuer and the GE Entity giving such Transfer Notice ("TAG-ALONG
NOTICE"),

                                      -12-
<PAGE>

within 10 Business Days of receipt of the Transfer Notice, indicating its
election to exercise the Tag-Along Right (the "PARTICIPATING HOLDERS"). The
Tag-Along Notice shall state the amount of Registrable Securities that such
Holder proposes to include in such Transfer to the Proposed Purchaser.
Failure by any Holder to give such notice within the 10 Business Day period
shall be deemed an election by such Holder not to sell its Registrable
Securities pursuant to that Transfer. The closing with respect to any sale to
a Proposed Purchaser pursuant to this Section 3.3 shall be held at the time
and place specified in the Transfer Notice but in any event within 10 days of
the Proposed Transfer Date. Consummation of the sale of Securities by the GE
Entity to a Proposed Purchaser shall be conditioned upon consummation of the
sale by each Participating Holder to such Proposed Purchaser of the Included
Securities, if any.

                  (b) In the event that the Proposed Purchaser does not
purchase Included Securities from the holders on the same terms and
conditions as purchased from the GE Entity, then such GE Entity shall not
Transfer any of its Securities to such Proposed Purchaser.

                  (c) Each Holder of Registrable Securities shall have the
right to require the Proposed Purchaser to purchase from such Holder up to a
percentage of the number of Registrable Securities owned by such Holder
equaling the percentage derived by dividing the total number of shares of
Common Stock that the GE Entity proposes to directly or indirectly Transfer
by the total number of shares of Common Stock at the time beneficially owned
by the GE Entity. In determining both the numerator and the denominator for
purposes of the immediately preceding sentence, it shall be assumed that all
convertible securities beneficially owned by such GE Entity have been
converted or exchanged for the maximum number of shares of Common Stock such
convertible securities may be converted into, exchanged or exercised for
regardless of whether such convertible securities are immediately
convertible, exchangeable or exercisable. If the number of shares of Common
Stock any convertible securities may be converted, exchanged or exercised for
is based upon the valuation of the Issuer or any of its subsidiaries or
Affiliates as of a particular time, then an Independent Financial Expert
shall be engaged by the Issuer (at the Issuer's cost and expense) to make a
determination of such value for purposes of compliance with this Section
3.3(c).

                  (d) If a GE Entity is transferring shares of Common Stock,
then any Included Securities purchased from the Participating Holders
pursuant to this Section 3.3 shall be paid for in the same type of
consideration and at the same price per share of Common Stock and upon the
same terms and conditions of such proposed Transfer of Common Stock by the GE
Entity. If the GE Entity is Transferring Convertible Securities, then any
Included Securities purchased from the Participating Holders pursuant to this
Section 3.3 shall be paid for in the same type of consideration and at the
same price per share of Common Stock assuming such Convertible Securities
were converted, exercised or exchanged as of the date of Transfer (regardless
of whether such GE Entity would have had the right to convert, exercise or
exchange such Convertible Securities as of the date of Transfer). If
determination of the per share price of Common Stock upon conversion,
exchange or exercise of Convertible Securities as of any particular date is
based upon the valuation of the Issuer or any of its subsidiaries or
Affiliates as of a particular time, then an Independent Financial Expert
shall be engaged by the Issuer (at the Issuer's cost and expense) to

                                      -13-
<PAGE>

make a determination of such value as of the Transfer Date (such valuation
shall be determined regardless of whether such Convertible Securities are
convertible, exercisable or exchangeable as of such Transfer Date). The GE
Entity shall arrange for payment directly by the Proposed Purchaser to each
Participating Holder, upon delivery of the certificate or certificates
representing the Included Securities duly endorsed for transfer, together
with such other documents as the Proposed Purchaser may reasonably request.

                  (e) If at the end of 10 days following the Proposed
Transfer Date the sale of Securities by the GE Entity and the sale of the
Included Securities have not been completed in accordance with the terms of
the Proposed Purchaser's offer in all material respects, then all
certificates representing the Included Securities shall be returned to the
Participating Holders, and all the restrictions on Transfer contained in this
Agreement with respect to Securities beneficially owned by the GE Entity
shall remain in effect.

                  3.4. DRAG-ALONG RIGHTS. If at any time prior to a
Qualifying IPO, any of the GE Entities determine to Transfer Securities
beneficially owned by them in a transaction, the consideration for which is
all cash, and the result of which is to cause a Change of Control, then such
GE Entities shall have the right to require the Holders of Registrable
Securities to sell all, but not less than all, of their Registrable
Securities to such transferee (the "DRAG-ALONG RIGHTS"). Any Registrable
Securities purchased from the Holders pursuant to the Drag-Along Rights shall
be paid for in cash, at the same price per Registrable Security and upon the
same terms and conditions of such proposed transfer of Securities by the GE
Entities. If Convertible Securities are transferred by the GE Entities, then
the price per Registrable Security shall be determined in accordance with
Section 3.3(d) hereof.

                  3.5. PREEMPTIVE RIGHTS.

                  (a) If prior to a Qualifying IPO, any Purchaser (including
its Affiliates) beneficially owns 50% or more of the shares of Series A
Common Stock issued to such Purchaser on the date hereof pursuant to the
Purchase Agreement, then in the event the Issuer proposes to sell Capital
Stock to any Person after the date hereof (other than (i) stock options, and
the shares of Capital Stock issuable pursuant to the exercise of such stock
options, granted to employees, management and directors after the date
hereof; PROVIDED, that the aggregate number of shares issued pursuant to such
additional stock options shall not, in any fiscal year of the Issuer, exceed
the sum of (1) 0.75% of the total number of shares of Capital Stock
outstanding on the first day of such fiscal year, plus (2) the number of
shares which would have been issuable in such fiscal year pursuant to stock
options outstanding as of the date hereof which have theretofore been
cancelled (ii) in connection with (A) acquisitions of assets or businesses,
(B) joint ventures, (C) commercial relationships or (D) debt refinancing
acquisitions in an amount not to exceed 5% of the fully diluted Capital
Stock, in each case with Persons other than Affiliates; PROVIDED that such
transactions are approved by the Board of Directors, or (iii) pursuant to a
Qualifying IPO), the Issuer shall offer to sell to each such Purchaser and/or
their Affiliates, as the case may be, a portion of such Capital Stock equal
to the percentage of the Issuer's underlying common equity (calculated on a
fully diluted basis) held by such Purchaser or Affiliate thereof. Each such
Pur-

                                      -14-
<PAGE>

chaser or Affiliate thereof shall be entitled to purchase such Capital Stock
at the most favorable price and on the most favorable terms as such Capital
Stock is to be offered to any other Persons; PROVIDED that if all Persons
entitled to purchase or receive such Capital Stock are required to also
purchase other securities of the Issuer, the Purchasers or their Affiliates,
as the case may be, shall also be required to purchase the same securities
(on the same terms and conditions) that such other Persons are required to
purchase.

                  (b) In order to exercise its purchase rights under Section
3.5(a), each Purchaser or Affiliate thereof, as the case may be, must within
15 Business Days of receipt of written notice from the Issuer describing in
reasonable detail the Capital Stock and any other securities being offered,
the purchase price thereof, the payment terms and the Purchaser's or
Affiliate's, as the case may be, percentage allotment, deliver a written
notice to the Issuer describing its election hereunder. Each Purchaser or
Affiliate thereof, as the case may be, shall have the option to purchase less
than all of its percentage allotment.

                  (c) Upon expiration of the offering periods described in
Section 3.5(b), the Issuer shall be entitled to sell such Capital Stock and
other securities which the Purchasers or their Affiliates have elected not to
purchase during the 90 days following such expiration on terms and conditions
no more favorable to the purchasers thereof than those offered to the
Purchasers and their Affiliates. Any Capital Stock offered or sold by the
Issuer after such 90-day period must be reoffered to the Purchasers and/or
their Affiliates, as the case may be, provided the Purchasers and/or their
Affiliates continue to meet the requirements set forth in Section 3.5(a).

                  4. REGISTRATION PROCEDURES.

                  In connection with the obligations of the Issuer with
respect to any Registration Statement pursuant to Sections 2.1 and 2.2
hereof, the Issuer shall:

                  (a) A reasonable period of time prior to the initial filing of
         a Registration Statement or Prospectus and a reasonable period of time
         prior to the filing of any amendment or supplement thereto (including
         any document that would be incorporated or deemed to be incorporated
         therein by reference), furnish to the Holders of the Registrable
         Securities included in such Registration Statement and the managing
         underwriters, if any, copies of all such documents proposed to be
         filed, which documents (other than those incorporated or deemed to be
         incorporated by reference) will be subject to the review of such
         Holders and such underwriters, if any, and use reasonable best efforts
         to cause the officers and directors of the Issuer, counsel to the
         Issuer and independent certified public accountants to the Issuer to
         respond to such reasonable inquiries as shall be necessary, in the
         opinion of respective counsel to such Holders and such underwriters, to
         conduct a reasonable investigation within the meaning of the Securities
         Act. The Issuer shall not file any such Registration Statement or
         related Prospectus or any amendments or supplements thereto in
         connection with a Demand Registration to which the Holders of a
         majority of the Registrable Securities included in such Registration
         Statement shall reasonably object on a timely basis;

                                      -15-
<PAGE>

                  (b) Prepare and file with the SEC such amendments, including
         post-effective amendments, to each Registration Statement as may be
         necessary to keep such Registration Statement continuously effective
         for the applicable time period required hereunder; cause the related
         Prospectus to be supplemented by any required Prospectus supplement and
         as so supplemented to be filed pursuant to Rule 424 under the
         Securities Act; and comply with the provisions of the Securities Act
         and the Exchange Act with respect to the disposition of all securities
         covered by such Registration Statement during such period in accordance
         with the intended methods of disposition by the sellers thereof set
         forth in such Registration Statement as so amended or in such
         Prospectus as so supplemented;

                  (c) Notify the holders of Registrable Securities to be sold
         and the managing underwriters, if any, promptly, and (if requested by
         any such person), confirm such notice in writing, (i)(A) when a
         Prospectus or any Prospectus supplement or post-effective amendment is
         proposed to be filed and (B) with respect to a Registration Statement
         or any post-effective amendment, when the same has become effective;
         (ii) of any request by the SEC or any other Federal or state
         governmental authority for amendments or supplements to a Registration
         Statement or related Prospectus or for additional information; (iii) of
         the issuance by the SEC, any state securities commission, any other
         governmental agency or any court of any stop order, order or injunction
         suspending or enjoining the use of a Prospectus or the effectiveness of
         a Registration Statement or the initiation of any proceedings for that
         purpose; (iv) of the receipt by the Issuer of any notification with
         respect to the suspension of the qualification or exemption from
         qualification of any of the Registrable Securities for sale in any
         jurisdiction, or the initiation or threatening of any proceeding for
         such purpose; and (v) of the happening of any event or information
         becoming known that makes any statement made in a Registration
         Statement or related Prospectus untrue in any material respect or that
         requires the making of any changes in such Registration Statement or
         Prospectus so that, in the case of a Registration Statement, it will
         not contain any 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 the light of the circumstances under which
         they were made, not misleading, and that in the case of a Prospectus,
         it will not contain any 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 the light of the circumstances under
         which they were made, not misleading;

                  (d) Use its reasonable best efforts to avoid the issuance of
         or, if issued, obtain the withdrawal of any order enjoining or
         suspending the use of a Prospectus or the effectiveness of a
         Registration Statement or the lifting of any suspension of the
         qualification (or exemption from qualification) of any of the
         Registrable Securities for sale in any jurisdiction described in
         Section 4(h), at the earliest practicable moment;

                  (e) If requested by the lead managing underwriters, if any,
         (i) promptly incorporate in a Prospectus supplement or post-effective
         amendment such information as the managing underwriters, if any,
         reasonably believe should be included therein and (ii) make all
         required filings of such Prospectus supplement or such post-effective

                                      -16-
<PAGE>

         amendment under the Securities Act as soon as practicable after the
         Issuer has received notification of the matters to be incorporated in
         such Prospectus supplement or post-effective amendment; PROVIDED,
         HOWEVER, that the Issuer shall not be required to take any action
         pursuant to this Section 4(e) (A) that would, in the opinion of counsel
         for the Issuer, violate applicable law or (B) during and until the end
         of a Blackout Period;

                  (f) Upon written request to the Issuer, furnish to each Holder
         of Registrable Securities to be sold pursuant to a Registration
         Statement and each managing underwriter, if any, without charge, at
         least one conformed copy of such Registration Statement and each
         amendment thereto, including financial statements and schedules, all
         documents incorporated or deemed to be incorporated therein by
         reference and all exhibits to the extent requested (including those
         previously furnished or incorporated by reference) as soon as
         practicable after the filing of such documents with the SEC;

                  (g) Deliver to each Holder of Registrable Securities to be
         sold pursuant to a Registration Statement and the underwriters, if any,
         without charge, as many copies of the Prospectus (including each form
         of prospectus) and each amendment or supplement thereto as such persons
         reasonably request; and the Issuer hereby consents to the use of such
         Prospectus and each amendment or supplement thereto by each of the
         selling holders of Registrable Securities and the underwriters, if any,
         in connection with the offering and sale of the Registrable Securities
         covered by such Prospectus and any amendment or supplement thereto in
         accordance with Applicable Law;

                  (h) Prior to any public offering of Registrable Securities,
         use its reasonable best efforts to register or qualify or cooperate
         with the Holders of Registrable Securities to be sold, the
         underwriters, if any, and their respective counsel in connection with
         the registration or qualification (or exemption from such registration
         or qualification) of such Registrable Securities for offer and sale
         under the securities or Blue Sky laws of such jurisdictions as any such
         Holder or underwriter reasonably requests in writing; and keep each
         such registration or qualification (or exemption therefrom) effective
         during the period such Registration Statement is required to be kept
         effective hereunder and do any and all other acts or things reasonably
         necessary or advisable to enable the disposition in such jurisdictions
         of the Registrable Securities covered by the applicable Registration
         Statement; PROVIDED, HOWEVER, that the Issuer shall not be required to
         (i) qualify generally to do business in any jurisdiction where it is
         not then so qualified or (ii) take any action which would subject it to
         general service of process or to taxation in any jurisdiction where it
         is not so subject;

                  (i) In connection with any sale or transfer of Registrable
         Securities that will result in such securities no longer being
         Registrable Securities, cooperate with the Holders thereof and the
         managing underwriters, if any, to facilitate the timely preparation and
         delivery of certificates representing Registrable Securities to be
         sold, which certificates shall not bear any restrictive legends and
         shall be in a form eligible for deposit with The Depository Trust
         Company and to enable such Registrable Securities to be in such
         de-

                                      -17-
<PAGE>

         nominations and registered in such names as the managing underwriters,
         if any, or such Holders may request at least five Business Days prior
         to any sale of Registrable Securities;

                  (j) Upon the occurrence of any event contemplated by Section
         4(c)(v), as promptly as practicable, prepare a supplement or amendment,
         including, if appropriate, a post-effective amendment, to each
         Registration Statement or a supplement to the related Prospectus or any
         document incorporated or deemed to be incorporated therein by reference
         and file any other required document so that, as thereafter delivered,
         such Prospectus will not contain an untrue statement of a material fact
         or omit to state a 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; PROVIDED, however, that the
         Issuer shall not be required to take any action pursuant to this
         Section 4(j) during and until the end of a Blackout Period;

                  (k) Enter into such agreements (including an underwriting
         agreement in form, scope and substance as is customary in underwritten
         offerings and reasonably acceptable to the Issuer) and take all such
         other reasonable actions in connection therewith (including those
         reasonably requested by the managing underwriters, if any) in order to
         expedite or facilitate the disposition of such Registrable Securities,
         and, whether or not an underwriting agreement is entered into and
         whether or not the registration is an underwritten registration, (i)
         make such representations and warranties to the underwriters and
         selling Holders, if any, with respect to the business of the Issuer and
         its subsidiaries (including with respect to businesses or assets
         acquired or to be acquired by any of them), and the Registration
         Statement, Prospectus and documents, if any, incorporated or deemed to
         be incorporated by reference therein, in each case, in form, substance
         and scope as are customarily made by issuers to underwriters in
         underwritten offerings and reasonably acceptable to the Issuer and
         confirm the same if and when requested; (ii) use reasonable best
         efforts to obtain opinions of counsel to the Issuer and updates thereof
         (which counsel and opinions (in form, scope and substance) shall be
         reasonably satisfactory to the managing underwriters, if any, addressed
         to each of the underwriters, and selling Holders, if any) covering the
         matters customarily covered in opinions requested in underwritten
         offerings and such other matters as may be reasonably requested by such
         underwriters or selling Holders; (iii) use its reasonable best efforts
         to obtain customary "cold comfort" letters and updates thereof from the
         independent certified public accountants of the Issuer (and, if
         necessary, any other independent certified public accountants of any
         subsidiary of the Issuer or of any business acquired by the Issuer for
         which financial statements and financial data is, or is required to be,
         included in the Registration Statement) addressed (where reasonably
         possible) to each of the underwriters and selling Holders, if any, such
         letters to be in customary form and covering matters of the type
         customarily covered in "cold comfort" letters in connection with
         underwritten offerings; (iv) if an underwriting agreement is entered
         into, then the same shall contain indemnification provisions and
         procedures no less favorable to the underwriters, if any, than those
         set forth in Section 6 hereof (or such other provisions and procedures
         reasonably acceptable to the managing

                                      -18-
<PAGE>

         underwriters, if any); and (v) deliver such documents and certificates
         as may be reasonably requested by the managing underwriters, if any, to
         evidence the continued validity of the representations and warranties
         made pursuant to clause (i) above and to evidence compliance with any
         customary conditions contained in the underwriting agreement or other
         agreement entered into by the Issuer;

                  (l) Make reasonably available for inspection by a
         representative of any underwriter participating in any such disposition
         of Registrable Securities, and any attorney, consultant or accountant
         retained by such selling Holders or underwriter, at the offices where
         normally kept, during reasonable business hours and accompanied by
         representatives of the Issuer and not to unreasonably interfere with
         the Issuer's business, all pertinent financial and other records,
         corporate documents and properties of the Issuer and its subsidiaries
         (including with respect to businesses and assets acquired or to be
         acquired to the extent that such information is available to the
         Issuer) and cause the officers, directors, agents and employees of the
         Issuer and its subsidiaries (including with respect to businesses and
         assets acquired or to be acquired to the extent that such information
         is available to the Issuer) to supply all information in each case
         reasonably requested by any such representative, underwriter, attorney,
         consultant or accountant in connection with such Registration
         Statement; PROVIDED, HOWEVER, that such persons shall first agree in
         writing with the Issuer that any information that is reasonably and in
         good faith designated by the Issuer in writing as confidential at the
         time of delivery of such information shall be kept confidential by such
         Persons, unless (i) disclosure of such information is required by court
         or administrative order or is necessary to respond to inquiries of
         regulatory authorities; PROVIDED, HOWEVER, that before any such
         disclosure such Persons shall give the Issuer notice of the need for
         such disclosure as soon as practicable to enable the Issuer to obtain a
         protective order against such disclosure; (ii) disclosure of such
         information is required by law (including any disclosure requirements
         pursuant to Federal securities laws in connection with the filing of
         the Registration Statement or the use of any Prospectus); (iii) such
         information becomes generally available to the public other than as a
         result of a disclosure or failure to safeguard such information by such
         Person; or (iv) such information becomes available to such Person from
         a source other than the Issuer and its subsidiaries and such source is
         not bound by a confidentiality agreement;

                  (m) Comply with all applicable rules and regulations of the
         SEC and make generally available to their securityholders earning
         statements satisfying the provisions of Section 11(a) of the Securities
         Act and Rule 158 under the Securities Act, no later than 45 days after
         the end of any 12-month period (or 90 days after the end of any
         12-month period if such period is a fiscal year) (i) commencing at the
         end of any fiscal quarter in which Registrable Securities are sold to
         underwriters in a firm commitment or reasonable efforts underwritten
         offering and (ii) if not sold to underwriters in such an offering, then
         commencing on the first day of the first fiscal quarter after the
         effective date of a Registration Statement, which statement shall cover
         said period, consistent with the requirements of Rule 158 under the
         Securities Act; and

                                      -19-
<PAGE>

                  (n) Cooperate with each seller of Registrable Securities
         covered by any Registration Statement and each underwriter, if any,
         participating in the disposition of such Registrable Securities and
         their respective counsel in connection with any filings required to be
         made with the National Association of Securities Dealers, Inc.

                  The Issuer may require a Holder of Registrable Securities
to be included in a Registration Statement to furnish to the Issuer such
information regarding (i) the intended method of distribution of such
Registrable Securities; (ii) such Holder; and (iii) the Registrable
Securities held by such Holder as is required by law to be disclosed in such
Registration Statement and the Issuer may exclude from such Registration
Statement the Registrable Securities of any Holder who unreasonably fails to
furnish such information within a reasonable time after receiving such
request. The Issuer shall not be required to provide indemnification to any
underwriter or any other person relating to information referred to in
clauses (i) and (ii) provided to the Issuer in writing specifically for
inclusion in such Registration Statement.

                  If any such Registration Statement refers to any Holder by
name or otherwise as the Holder of any securities of the Issuer, then such
Holder shall have the right to require (i) the insertion therein of language,
in form and substance reasonably satisfactory to such Holder, to the effect
that the holding by such Holder of such securities is not to be construed as
a recommendation by such Holder of the investment quality of the Issuer's
securities covered thereby and that such holding does not imply that such
Holder will assist in meeting any future financial requirements of the Issuer
or (ii) in the event that such reference to such Holder by name or otherwise
is not required by the Securities Act, the deletion of the reference to such
Holder in any amendment or supplement to the Registration Statement filed or
prepared subsequent to the time that such reference ceases to be required.

                  Each Holder of Registrable Securities agrees by acquisition
of such Registrable Securities that, upon receipt of any notice from the
Issuer of the happening of any event of the kind described in Section
4(c)(ii), 4(c)(iii), 4(c)(iv) or 4(c)(v) hereof, such Holder will forthwith
discontinue disposition of such Registrable Securities covered by such
Registration Statement or Prospectus until such Holder's receipt of the
copies of the supplemented or amended Prospectus contemplated by Section 4(j)
hereof, or until it is advised in writing (the "ADVICE") by the Issuer that
the use of the applicable Prospectus may be resumed, and, in either case, has
received copies of any additional or supplemental filings that are
incorporated or deemed to be incorporated by reference in such Prospectus. If
the Issuer shall give any such notice, then the Effectiveness Period shall be
extended by the number of days during such period from and including the date
of the giving of such notice to and including the date when each Holder of
Registrable Securities covered by such Registration Statement shall have
received (x) the copies of the supplemented or amended Prospectus
contemplated by Section 4(j) hereof or (y) the Advice and, in either case,
has received copies of any additional or supplemental filings that are
incorporated or deemed to be incorporated by reference in such Prospectus.

                                      -20-
<PAGE>

                  5. COVENANT.

                  The Issuer shall not, directly or indirectly, modify,
supplement or amend, in any manner that would be adverse to a Holder, the
amended and restated certificate of incorporation of the Issuer filed with
the Secretary of State of the State of Delaware on October 25, 2000, without
the consent of Holders owning more than 75% of the Registrable Securities.

                  6. PUT RIGHT.

                  6.1. (i) REDEMPTION AT OPTION OF HOLDERS. In the event a
Qualifying IPO has not occurred, any Holder that, together with its
affiliates, owns not less than 20% of the Registrable Securities shall have
the right, by written notice (the "PRIMARY PUT NOTICE") given during the
first 15 Business Days of any quarterly fiscal period of the Issuer occurring
after October 25, 2006 and prior to October 25, 2010 to require the Issuer to
repurchase ("PUT") all and not less than all of such Holder's Registrable
Securities (the "PRIMARY PUT SHARES"). Upon receipt of a Primary Put Notice,
the Issuer shall immediately give written notice (the "ISSUER NOTICE OF PUT")
to each other Holder, if any, of Registrable Securities, which Issuer Notice
of Put shall include a copy of the related Primary Put Notice originally
delivered to the Issuer and shall state that each other Holder of Registrable
Securities shall be entitled to exercise its Put right by delivery to the
Issuer, within 15 Business Days after the date of the Issuer Notice of Put,
of a put notice (a "TRIGGERED PUT NOTICE" and, together with a Primary Put
Notice, a "PUT NOTICE") with respect to all and not less than all of its
Registrable Securities (the "TRIGGERED PUT SHARES" and, together with the
Primary Put Shares, the "PUT SHARES"). The Issuer shall repurchase all Put
Shares with respect to which it has received a Put Notice, upon not less than
10 Business Days' prior written notice to the electing Holders of Registrable
Securities (setting forth the date, time and place of such repurchase), and
within 120 days of the date of the Primary Put Notice (the "PUT DATE"). In
the event that Holders of more than 75% of the Registrable Securities
exercise the Put, the Issuer will give prompt written notice of such fact to
all non-exercising Holders of Registered Securities and any such Holder that
does not deliver a Triggered Put Notice within 15 days of such notice will
have no further rights under this Section 6. The repurchase by the Issuer of
all Put Shares of each Holder that has timely elected to exercise its Put
shall occur simultaneously and shall be in accordance with the terms and
provisions of this Section 6. Any timely delivered Put Notice given to the
Issuer shall be effective and, subject to Section 6.2, the Issuer shall be
obligated to repurchase the related Put Shares pursuant to this Section 6.

                 (ii) PUT PRICE. The repurchase price ("PUT PRICE") to be
paid for each Put Share so redeemed pursuant to this Section 6 shall be an
amount calculated as of the date of the Primary Put Notice (the
"DETERMINATION DATE") equal to the greater of (A) the Fair Market Value of
such Put Share and (B) an amount equal to the quotient of (x) five times the
Consolidated Cash Flow (as defined in the Indenture) of the Issuer as of the
Determination Date minus the sum of (1) the amount of the consolidated
Indebtedness (as defined in the Indenture) of the Issuer and its Subsidiaries
as of the Determination Date, (2) the amount of accrued interest on such
Indebtedness, (3) the aggregate liquidation preference of all shares of
Preferred Stock (as defined in the Indenture) of the Issuer and its
Subsidiaries outstanding as of the Determination Date and (4) the

                                      -21-
<PAGE>

amount of accrued and unpaid dividends on such shares of Preferred Stock,
plus the sum of (a) cash and Cash Equivalents (as defined in the Indenture)
of the Issuer and its Subsidiaries as of the Determination Date and (b) the
aggregate exercise price of all options or warrants to purchase, or
securities convertible into or exercisable for, shares of common stock of the
Issuer outstanding as of the Determination Date, divided by (y) the number of
shares of common stock of the Issuer outstanding (as determined on a Fully
Diluted Basis (as defined in the Purchase Agreement)) as of the Determination
Date.

                (iii) EXERCISE OF PUT. A Holder of Put Shares may exercise a
Put by delivering a Put Notice to the Issuer. At each closing, which shall
take place at the principal office of the Issuer, the Holder shall receive
from the Issuer a wire transfer of immediately available funds in an amount
equal to the total Put Price for all Put Shares redeemed by such Holder
pursuant to such Put against receipt of the Put Shares which shall be free of
any liens or other encumbrances.

                  6.2. INSUFFICIENT CORPORATE SURPLUS AND OTHER RESTRICTIONS
ON THE ISSUER'S ABILITY TO REDEEM REGISTRABLE SECURITIES. If the Issuer is
required pursuant to Section 6.1 to redeem Put Shares and if the Issuer shall
not have sufficient surplus to permit it to lawfully purchase all of the Put
Shares subject to the Put, the Issuer shall promptly use commercially
reasonable efforts necessary to adjust the capital of the Issuer and use
commercially reasonable efforts to take such other steps as may be necessary
or appropriate in order to enable the Issuer to lawfully purchase and pay for
the same; PROVIDED, HOWEVER, that nothing set forth in this Section 6.2.
shall be construed to require the Issuer's shareholders to make additional
capital contributions or otherwise incur personal liability in order to
permit the Issuer to lawfully purchase any of such Put Shares. In addition,
the performance by the Issuer of the obligations set forth in this Section 6
shall not be excused by reason of any failure by the Issuer to have
sufficient funds required to satisfy said obligations. If, however, the
Issuer is unable to satisfy its obligations under this Section 6 by reason of
any restriction, whether direct or indirect, whether legal or contractual, on
the ability of the Issuer to satisfy said obligations, the Issuer will meet
such obligations on the earliest practicable date, if any, such restrictions
no longer prevent the Issuer from satisfying such obligations.

                  6.3. TERMINATION OF PUT RIGHT. Notwithstanding anything to
the contrary in this Section 6, the Holders' rights under this Section 6
shall terminate upon the consummation of a Qualifying IPO, and the Issuer
shall have no obligation to purchase any Registrable Securities pursuant to
this Section 6 after the consummation of a Qualifying IPO except for Put
Shares which are the subject of a valid Primary Put Notice and/or Triggered
Put Notice delivered in accordance with the provisions of this Section 6
prior to the consummation of such Qualifying IPO.

                  7. CALL OPTION.

                  (i) In the event a Qualifying IPO has not occurred, the
Issuer shall have the right to repurchase by written notice (the "Call
Notice") given during the first 15 Business Days of any quarterly fiscal
period of the Issuer occurring after October 25, 2007 and prior to October
25, 2010 (the "Call Option") all and not less than all outstanding
Registrable Securities from

                                      -22-
<PAGE>

all the Holders. The Call Notice must be delivered at least 15 Business Days
prior to the date on which the Issuer has elected to purchase all outstanding
Registrable Securities (the "Call Closing Date"). The Holders' Registrable
Securities shall be purchased by the Issuer on the Call Closing Date by
payment of the required purchase price by wire transfer in immediately
available funds against receipt of the applicable Registrable Securities
which shall be free of any liens or other encumbrances.

                  (ii) The repurchase price ("PUT PRICE") to be paid for each
Share subject to the Call Option so redeemed pursuant to this Section 7 shall
be an amount calculated as of the date of the Call Notice (the "CALL
DETERMINATION DATE") equal to the greater of (A) the Fair Market Value of
such Share and (B) an amount equal to the quotient of (x) five times the
Consolidated Cash Flow (as defined in the Indenture) of the Issuer as of the
Call Determination Date minus the sum of (1) the amount of the consolidated
Indebtedness (as defined in the Indenture) of the Issuer and its Subsidiaries
as of the Call Determination Date, (2) the amount of accrued interest on such
Indebtedness, (3) the aggregate liquidation preference of all shares of
Preferred Stock (as defined in the Indenture) of the Issuer and its
Subsidiaries outstanding as of the Call Determination Date and (4) the amount
of accrued and unpaid dividends on such shares of Preferred Stock, plus the
sum of (i) cash and Cash Equivalents (as defined in the Indenture) of the
Issuer and its Subsidiaries as of the Call Determination Date and (ii) the
aggregate exercise price of all options or warrants to purchase, or
securities convertible into or exercisable for, shares of common stock of the
Issuer outstanding as of the Call Determination Date, divided by (y) the
number of shares of common stock of the Issuer outstanding (as determined on
a Fully Diluted Basis (as defined in the Purchase Agreement)) as of the Call
Determination Date. Payment of the purchase price for the Shares subject to
the Call Option will be made by wire transfer in immediately available funds.

8.       INDEMNIFICATION AND CONTRIBUTION.

                  (a) The Issuer shall indemnify and hold harmless each
Holder, each underwriter who participates in an offering of Registrable
Securities, their respective Affiliates, each Person, if any, who controls
any of such parties within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act and each of their respective directors,
officers, partners, employees and agents, as follows:

                  (i) from and against any and all loss, liability, claim,
         damage and expense whatsoever, joint or several, as incurred, arising
         out of any untrue statement or alleged untrue statement of a material
         fact contained in any Registration Statement (or any amendment
         thereto), covering Registrable Securities, including all documents
         incorporated therein by reference, or the omission or alleged omission
         therefrom of a material fact required to be stated therein or necessary
         to make the statements therein, in the light of the circumstances under
         which they were made, not misleading or arising out of any untrue
         statement or alleged untrue statement of a material fact contained in
         any Prospectus (or any amendment or supplement thereto) or the omission
         or alleged omission there-

                                      -23-
<PAGE>

         from of a material fact necessary in order to make the statements
         therein, in the light of the circumstances under which they were made,
         not misleading;

                  (ii) from and against any and all loss, liability, claim,
         damage and expense whatsoever, joint or several, as incurred, to the
         extent of the aggregate amount paid in settlement of any litigation, or
         any investigation or proceeding by any court or governmental agency or
         body, commenced or threatened, or of any claim whatsoever based upon
         any such untrue statement or omission, or any such alleged untrue
         statement or omission, if such settlement is effected with the prior
         written consent of the Issuer; and

                  (iii) from and against any and all expenses whatsoever, as
         incurred (including reasonable fees and disbursements of one counsel
         chosen by the Holders or any underwriter (except to the extent
         otherwise expressly provided in Section 8(c) hereof)), reasonably
         incurred in investigating, preparing or defending against any
         litigation, or any investigation or proceeding by any court or
         governmental agency or body, commenced or threatened, or any claim
         whatsoever based upon any such untrue statement or omission, or any
         such alleged untrue statement or omission, to the extent that any such
         expense is not paid under subparagraph (i) or (ii) of this Section
         8(a);

PROVIDED that this indemnity does not apply to any loss, liability, claim,
damage or expense to the extent arising out of an untrue statement or
omission or alleged untrue statement or omission (i) made in reliance upon
and in conformity with written information furnished to the Issuer by a
Holder or any underwriter in writing expressly for use in the Registration
Statement (or any amendment thereto) or any Prospectus (or any amendment or
supplement thereto) or (ii) contained in any preliminary prospectus if such
Holder or such underwriter failed to send or deliver a copy of the Prospectus
(in the form it was first provided to such parties for confirmation of sales)
to the Person asserting such losses, claims, damages or liabilities on or
prior to the delivery of written confirmation of any sale of securities
covered thereby to such Person in any case where such delivery is required by
the Securities Act and such Prospectus would have corrected such untrue
statement or omission or (iii) contained in any Prospectus if such Holder or
underwriter failed to send or deliver a copy of the Prospectus, as
subsequently amended or supplemented, to the Person asserting such losses,
claims, damages or liabilities on or prior to the delivery of written
confirmation of any sale of securities covered thereby to such Person (if
such Prospectus was so amended or supplemented by such time) and such
Prospectus, as so amended or supplemented would have corrected such untrue
statement or omission. Any amounts advanced by the Issuer to an indemnified
party pursuant to this Section 8 as a result of such losses shall be returned
to the Issuer if it shall be finally determined by such a court in a judgment
not subject to appeal or final review that such indemnified party was not
entitled to indemnification by the Issuer.

         (b) By accepting the benefits of this Agreement, each Holder agrees,
severally and not jointly, to indemnify and hold harmless the Issuer, each
underwriter who participates in an offering of Registrable Securities and the
other selling Holders and each of their respective Affiliates, directors,
officers (including each officer of the Issuer who signed the Registration

                                      -24-
<PAGE>

Statement), partners, employees and agents and each Person, if any, who
controls the Issuer, any underwriter or any other selling Holder within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against any and all loss, liability, claim, damage and expense
whatsoever described in the indemnity contained in Section 8(a) hereof, as
incurred, but only with respect to untrue statements or omissions, or alleged
untrue statements or omissions, made in the Registration Statement (or any
amendment thereto) or any Prospectus (or any amendment or supplement thereto)
in reliance upon and in conformity with written information furnished to the
Issuer by such selling Holder expressly for use in the Registration Statement
(or any amendment thereto), or any such Prospectus (or any amendment or
supplement thereto).

         (c) Each indemnified party shall give prompt notice to each
indemnifying party of any action commenced against it in respect of which
indemnity may be sought hereunder, enclosing a copy of all papers properly
served on such indemnified party, but failure to so notify an indemnifying
party shall not relieve such indemnifying party from any liability which it
may have other than on account of this indemnity agreement. An indemnifying
party may participate at its own expense in the defense of any such action.
If an indemnifying party so elects within a reasonable time after receipt of
such notice, then such indemnifying party, jointly with any other
indemnifying party, may assume the defense of such action with counsel chosen
thereby and approved by the indemnified parties defendant in such action
(such approval not to be unreasonably withheld); PROVIDED that if any such
indemnified party reasonably determines, based on advice of counsel, that
there may be legal defenses available to such indemnified party which are
different from or in addition to those available to such indemnifying party
or that representation of such indemnifying party and any indemnified party
by the same counsel would present a conflict of interest, then such
indemnifying party or parties shall not be entitled to assume such defense.
After notice from the indemnifying party to such Indemnified Person of its
election to so assume the defense thereof and approval by such Indemnified
Person of counsel appointed to defend such action, the indemnifying party
will not be liable for the costs and expenses of any settlement of such
action effected by such Indemnified Person without the prior written consent
of the indemnifying party (which consent shall not be unreasonably withheld),
unless such Indemnified Person waived in writing its rights under this
Section 8 in which case the Indemnified Person may effect such a settlement
without such consent. If an indemnifying party is not entitled to assume the
defense of such action as a result of the proviso to the preceding sentence,
then counsel for such indemnifying party shall be entitled to conduct the
defense of such indemnifying party and counsel for each indemnified party or
parties shall be entitled to conduct the defense of such indemnified party or
parties. If an indemnifying party assumes the defense of an action in
accordance with and as permitted by the provisions of this paragraph, then
such indemnifying party shall not be liable for any fees and expenses of
counsel for the indemnified parties incurred thereafter in connection with
such action. In no event shall the indemnifying party or parties be liable
for the fees and expenses of more than one counsel (in addition to any local
counsel), separate from its own counsel, for all indemnified parties in
connection with any one action or separate but similar or related actions in
the same jurisdiction arising out of the same general allegations or
circumstances.

                                      -25-
<PAGE>

         (d) In order to provide for just and equitable contribution in
circumstances under which any of the indemnity provisions set forth in this
Section 8 is for any reason held to be unavailable to the indemnified parties
although applicable in accordance with its terms, the Issuer and the Holders
shall contribute to the aggregate losses, liabilities, claims, damages and
expenses of the nature contemplated by such indemnity agreement incurred by
the Issuer and the Holders, as incurred; PROVIDED that 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 that was
not guilty of such fraudulent misrepresentation. As between the Issuer and
the Holders, such parties shall contribute to such aggregate losses,
liabilities, claims, damages and expenses of the nature contemplated by such
indemnity agreement in such proportion as shall be appropriate to reflect the
relative fault of the Issuer, on the one hand, and Holders, on the other
hand, with respect to the statements or omissions which resulted in such
loss, liability, claim, damage or expense, or action in respect thereof, as
well as any other relevant equitable considerations. The relative fault of
the Issuer, on the one hand, and of the Holders, on the other hand, shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Issuer, on the
one hand, or by or on behalf of the Holders, on the other, and the parties'
relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. The Issuer and the Holders of the
Registrable Securities agree that it would not be just and equitable if
contribution pursuant to this Section 8 were to be determined by PRO RATA
allocation or by any other method of allocation that does not take into
account the relevant equitable considerations. For purposes of this Section
8, each Affiliate of each Holder, and each director, officer, partners,
employee, agent and Person, if any, who controls a Holder or such Affiliate
within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act shall have the same rights to contribution as such Holder, and
each director of the Issuer, each officer of the Issuer who signed the
Registration Statement, and each Person, if any, who controls the Issuer
within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act shall have the same rights to contribution as the Issuer.

         9. RULE 144A.

         The Issuer shall use its reasonable best efforts to file the reports
required to be filed by it under the Securities Act and the Exchange Act in a
timely manner and, if at any time it is not required to file such reports but
in the past had been required to or did file such reports, it will, upon the
request of any holder or beneficial owner of Registrable Securities, make
available other information as required by, and so long as necessary to
permit, sales of Registrable Securities pursuant to Rule 144A.
Notwithstanding the foregoing, nothing in this Section 9 shall be deemed to
require the Issuer to register any of its securities pursuant to the Exchange
Act.

         10. UNDERWRITTEN REGISTRATIONS.

         No Person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such Registrable Securities on the
basis reasonably provided in any underwriting arrangements approved by the
Persons entitled hereunder to approve such arrange-

                                      -26-
<PAGE>

ments and (ii) completes and executes all questionnaires, powers of attorney,
indemnities, underwriting agreements and other documents required under the
terms of such underwriting arrangements.

                  11. NON-VOTING OBSERVERS.

                  (a) Each original Purchaser, for so long as such Holder
holds at least 50% of the outstanding shares of Series A Common Stock
originally purchased by such Holder on the date hereof pursuant to the
Purchase Agreement, shall serve as a non-voting observer of the Board of
Directors (each, a "NON-VOTING OBSERVER").

                  (b) Any Non-Voting Observer: (i) shall be permitted to
attend meetings of the Board of Directors, in person or telephonically, and
(ii) shall be notified of any meeting of the Board of Directors, including
such meeting's time and place, in the same manner as members of the Board of
Directors receive such notice, and given the same access to information
(including any copies of all materials distributed to members of the Board of
Directors) concerning the business and operations of the Issuer at the same
time as members of the Board of Directors; PROVIDED that such Non-Voting
Observer shall have entered into a confidentiality agreement with respect to
any such materials received and discussions participated in by such
Non-Voting Observer with such confidentiality agreement to contain the terms
set forth on Schedule A hereto and such other terms as may be reasonably
requested by the Board of Directors.

                  (c) The Issuer shall cause each Non-Voting Observer to be
reimbursed for reasonable travel expenses incurred in connection with such
Non-Voting Observer's attendance at meetings of the Board of Directors.

                  12. MISCELLANEOUS.

                  (a) REMEDIES. In the event of a breach by the Issuer, any
GE Entity or by a Holder of any of its obligations under this Agreement, each
Holder, GE Entity and the Issuer, in addition to being entitled to exercise
all rights granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Agreement. The Issuer, each GE
Entity and each Holder agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach of any of the
provisions of this Agreement and each hereby further agrees that, in the
event of any action for specific performance in respect of such breach, it
shall waive the defense that a remedy at law would be adequate.

                  (b) NO INCONSISTENT AGREEMENTS. None of the Issuer, or any
GE Entity will enter into any agreement that is inconsistent with the rights
granted to the Holders and indemnified persons in this Agreement or otherwise
conflicts with the provisions hereof. Without the written consent of the
Holders of a majority of the outstanding Shares, the Issuer and the GE
Entities shall not grant to any Person any rights that conflict with or are
inconsistent with the provisions of this Agreement.

                                      -27-
<PAGE>

                  (c) AMENDMENTS AND WAIVERS. The provisions of this
Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given, otherwise than with the prior written
consent of the Holders of more than 75% of the then outstanding Shares and
the Issuer. Notwithstanding the foregoing, a waiver or consent to depart from
the provisions hereof with respect to a matter that relates exclusively to
the rights of Holders whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by Holders of a majority of the
Registrable Securities being sold by such Holders pursuant to such
Registration Statement; PROVIDED, HOWEVER, that the provisions of this
sentence may not be amended, modified or supplemented except in accordance
with the provisions of the immediately preceding sentence. Notwithstanding
the foregoing, no amendment, modification, supplement, waiver or consent with
respect to Section 8 shall be made or given otherwise than with the prior
written consent of each Holder or former Holder affected thereby.

                  (d) NOTICES. All notices and other communications provided
for herein shall be made in writing by hand-delivery, next-day air courier,
certified first-class mail, return receipt requested, telex or telecopier:

                  (i) if to the Issuer, as provided in the Purchase Agreement,

                  (ii) if to a GE Entity

                          GE Investment Private Placement Partners II, a
                               Limited Partnership, a Delaware limited
                               partnership
                          3003 Summer Street
                          Stamford, Ct.  06904
                          Attention:    Andreas Hildebrand

                  (iii) if to the Purchasers, as provided in the Purchase
         Agreement, or

                  (iv) if to any other Person who is then the registered Holder
         of Shares or Registrable Securities, to the address of such Holder as
         it appears in the register therefor of the Issuer.

                  Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given: when delivered by
hand, if personally delivered; one Business Day after being timely delivered
to a next-day air courier; five Business Days after being deposited in the
mail, postage prepaid, if mailed; when answered back, if telexed; and when
receipt is acknowledged by the recipient's telecopier machine, if telecopied.

                  (e) SUCCESSORS AND ASSIGNS. This Agreement shall inure to the
benefit of and be binding upon the successors and permitted assigns of each of
the parties and shall inure to the benefit of each Holder of Shares. The Issuer
may not assign any of its rights hereunder without the prior written consent of
each Holder of Shares; PROVIDED that a merger or consolidation of the Issuer
with another Person pursuant to which the issuer or issuers of any securities
issued to

                                      -28-
<PAGE>

Holders of Shares in connection with such merger or consolidation becomes
obligated under this Agreement and the GE Entities confirm their agreements
with respect to the securities of such issuer or issuers shall not be
considered an assignment. Notwithstanding the foregoing, no successor or
assignee of the Issuer shall have any of the rights granted under this
Agreement until such Person shall acknowledge its rights and obligations
hereunder by a signed written statement of such person's acceptance of such
rights and obligations. If any transferee of any Holder shall acquire Shares
in any manner, whether by operation of law or otherwise, then such Shares
shall be held subject to all of the terms of this Agreement, and by taking
and holding such Shares such person shall be conclusively deemed to have
agreed to be bound by and to perform all of the terms and provisions of this
Agreement and such person shall be entitled to receive the benefits hereof.

                  (f) COUNTERPARTS. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original, and all of
which taken together shall constitute one and the same Agreement.

                  (g) GOVERNING LAW; SUBMISSION TO JURISDICTION. THIS
AGREEMENT SHALL BE GOVERNED BY AND ENFORCED IN ACCORDANCE WITH AND THE RIGHTS
OF THE PARTIES SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK,
EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

                  If any action, proceeding or litigation shall be brought by
any Purchaser or any Holder in order to enforce any right or remedy under
this Agreement the Issuer and the GE Entities hereby consent and will submit,
and will cause each of their respective Subsidiaries to submit, to the
jurisdiction of any state or federal court of competent jurisdiction sitting
within the area comprising the Southern District of New York on the date of
this Agreement. The Issuer and the GE Entities hereby irrevocably waive any
objection, including, but not limited to, any objection to the laying of
venue or based on the grounds of FORUM NON CONVENIENS, which they may now or
hereafter have to the bringing of any such action, proceeding or litigation
in such jurisdiction. The Issuer and the GE Entities further agree that it
shall not, and shall cause its Subsidiaries not to, bring any action,
proceeding or litigation arising out of this Agreement, in any state or
federal court other than any state or federal court of competent jurisdiction
sitting within the area comprising the Southern District of New York on the
date of this Agreement.

                  The Issuer and the GE Entities hereby irrevocably designate
CT Corporation System at an address in New York City designated at the
Closing Time as the designee, appointee and agent of the Issuer and the GE
Entities to receive, for and on behalf of the Issuer and the GE Entities,
service of process in such jurisdiction in any action, proceeding or
litigation with respect to this Agreement. The Issuer and the GE Entities
further irrevocably consent to the service of process of any of the
aforementioned courts in any such action, proceeding or litiga-

                                      -29-
<PAGE>

tion by the mailing of copies thereof by registered or certified mail,
postage prepaid, to the Issuer at its said address, such service to become
effective thirty (30) days after such mailing.

                  Nothing herein shall affect the right of any Holder to
serve process in any other manner permitted by law or to commence legal
proceedings or otherwise proceed against the Issuer and the GE Entities in
any other jurisdiction. If service of process is made on a designated agent
it should be made by either (i) personal delivery or (ii) mailing a copy of
summons and complaint to the agent via registered or certified mail, return
receipt requested.

                  THE ISSUER AND THE GE ENTITIES HEREBY WAIVE ANY AND ALL
RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, PROCEEDING
OR LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION
WITH, THIS AGREEMENT.

                  (h) SEVERABILITY. The remedies provided herein are
cumulative and not exclusive of any remedies provided by law. If any term,
provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction to be invalid, illegal, void or unenforceable, then
the remainder of the terms, provisions, covenants and restrictions set forth
herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their reasonable
efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the
intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may
be hereafter declared invalid, illegal, void or unenforceable.

                  (i) HEADINGS. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof. All references made in this Agreement to "Section",
"paragraph" and "clause" refer to such Section, paragraph or clause of this
Agreement, unless expressly stated otherwise.

                  (j) LEGENDS. Each Holder and each of the GE Entities agree
that the following legend shall be placed on certificates representing any
Securities owned by them:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE TRANSFERRED
         UNLESS SUCH TRANSFER COMPLIES WITH THE PROVISIONS OF A REGISTRATION
         RIGHTS AND STOCKHOLDERS AGREEMENT DATED AS OF OCTOBER 25, 2000, A COPY
         OF WHICH IS ON FILE WITH THE SECRETARY OF D AND W HOLDINGS, INC. AND IS
         AVAILABLE WITHOUT CHARGE UPON WRITTEN REQUEST THEREFOR. THE HOLDER OF
         THIS CERTIFICATE, BY ACCEPTANCE OF THIS CERTIFICATE, AGREES TO BE BOUND
         BY ALL OF THE PROVISIONS OF THE AFORESAID AGREEMENT.

The Issuer agrees to remove the legend on the Shares upon the resale of such
Shares in accordance with the terms of Section 2 or 3 of this Agreement.

                                      -30-
<PAGE>

                  IN WITNESS WHEREOF, the parties have caused this
Registration Rights and Stockholders Agreement to be duly executed as of the
date first written above.

                                                     D and W HOLDINGS, INC.

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                                     GE INVESTMENT PRIVATE
                                                     PLACEMENT PARTNERS II, A
                                                     LIMITED PARTNERSHIP(1)

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                                     [                         ]

                                                     By:

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                                     [                         ]

                                                     By:

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

-----------------------
(1)   Please advise as to proper signature block.

                                      -31-

<PAGE>

                                                     [                         ]

                                                     By:

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                                     [                         ]

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                                     [                         ]

                                                     By:
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                                                        Name:
                                                        Title:

                                                     [                         ]

                                                     By:

                                                     By:
                                                        -----------------------
                                                        Name:
                                                        Title:

                                      -32-
<PAGE>

                                                                      SCHEDULE A

                  For the purposes of this Agreement, "CONFIDENTIAL
INFORMATION" means information delivered to you by or on behalf of the Issuer
or any Subsidiary in connection with the transactions contemplated by or
otherwise pursuant to this Agreement that is proprietary in nature and that
was clearly marked or labeled or otherwise adequately identified when
received by you as being confidential information of the Issuer or such
Subsidiary, PROVIDED that such terms does not include information that (a)
was publicly known or otherwise known to you prior to the time of such
disclosure, (b) subsequently becomes publicly known through no act or
omission by you or any person acting on your behalf, (c) otherwise becomes
known to you other than through disclosure by the Issuer or any Subsidiary or
(d) constitutes financial statements delivered to you under Section 6 of the
Purchase Agreement that are otherwise publicly available. You will maintain
the confidentiality of such Confidential Information in accordance with
procedures adopted by you in good faith to protect confidential information
of third parties delivered to you, PROVIDED that you may deliver or disclose
Confidential Information to (i) your directors, officers, employees, agents,
attorneys and affiliates (to the extent such disclosure reasonably relates to
the administration of the investment represented by your Shares), (ii) your
financial advisors and other professional advisors who agree to hold
confidential the Confidential Information substantially in accordance with
the terms of this Agreement, (iii) any Institutional Investor to which you
sell or offer to sell such Shares or any part thereof or any participation
therein (if such Person has agreed in writing prior to its receipt of such
Confidential Information to be bound by the provisions of this Agreement),
(iv) any Person from which you offer to purchase any security of the Issuer
(if such Person has agreed in writing prior to its receipt of such
Confidential Information to be bound by the provisions of this Agreement),
(v) any federal or state regulatory authority having jurisdiction over you,
(vi) the National Association of Insurance Commissioners or any similar
organization, or any nationally recognized rating agency that requires access
to information about your investment portfolio or (vii) any other Person to
which such delivery or disclosure may be necessary or appropriate (w) to
effect compliance with any law, rule, regulation or order applicable to you,
(x) in response to any subpoena or other legal process, (y) in connection
with any litigation to which you are a party or (z) if an Event of Default
has occurred and is continuing, to the extent you may reasonably determine
such delivery and disclosure to be necessary or appropriate in the
enforcement or for the protection of the rights and remedies under your
Shares and this Agreement.

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