Document:

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                                                                    Exhibit 10.2

                   INVESTOR AND REGISTRATION RIGHTS AGREEMENT

                                 BY AND BETWEEN

                            CORRPRO INVESTMENTS, LLC

                                       AND

                             CORRPRO COMPANIES, INC.

                           DATED AS OF MARCH 30, 2004

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<TABLE>
<S>                                                                                                              <C>
TABLE OF CONTENTS
1.       Definitions.........................................................................................     1
2.       Registration Rights.................................................................................     3
   2.1.           Demand Registrations.......................................................................     3
      (a)               Timing of Demand Registrations.......................................................     3
      (b)               Underwritten Demand Registrations; Priority..........................................     4
      (c)               Number of Demand Registrations.......................................................     5
      (d)               Withdrawal of Registrable Securities.................................................     5
   2.2.           Piggyback Registrations....................................................................     5
      (a)               Request for Piggyback Registration...................................................     5
      (b)               Priority.............................................................................     5
      (c)               Withdrawal of Registrable Securities.................................................     5
      (d)               Right to Terminate Piggyback Registration............................................     6
   2.3.           Hold-Back Agreements.......................................................................     6
   2.4.           Registration Procedures....................................................................     6
      (a)               Obligations of the Company...........................................................     6
      (b)               Holders' Obligation to Furnish Information...........................................     9
   2.5.           Registration Expenses......................................................................     9
   2.6.           Indemnification............................................................................    10
      (a)               Indemnification by Company...........................................................    10
      (b)               Indemnification by Holder of Registrable Securities..................................    10
      (c)               Indemnification Procedures...........................................................    11
      (d)               Contribution.........................................................................    11
      (e)               Other Indemnification................................................................    12
   2.7.           Rule 144...................................................................................    12
   2.8.           Other Registration Rights Agreements.......................................................    12
   2.9.           Adjustments Affecting Registrable Securities...............................................    12
3.       Information Rights..................................................................................    12
4.       Observer Rights.....................................................................................    13
5.       AMEX Listing........................................................................................    13
6.       Voting of Registrable Securities....................................................................    13
7.       Tax Return Preparation Expenses.....................................................................    13
8.       Board of Directors..................................................................................    13
9.       Miscellaneous.......................................................................................    14
   9.1.           Successors and Assigns.....................................................................    14
   9.2.           Governing Law..............................................................................    14
   9.3.           Execution..................................................................................    14
   9.4.           Headings...................................................................................    14
   9.5.           Notices....................................................................................    14
   9.6.           Assignment and Additional Parties..........................................................    15
   9.7.           Amendment of Registration Rights...........................................................    15
   9.8.           Severability...............................................................................    15
   9.9.           Entire Agreement...........................................................................    15
   9.10.          Delays or Omissions........................................................................    16
   9.11.          Interpretation.............................................................................    16
   9.12.          Other Remedies.............................................................................    16
</TABLE>

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                   INVESTOR AND REGISTRATION RIGHTS AGREEMENT

         THIS INVESTOR AND REGISTRATION RIGHTS AGREEMENT (this "Agreement") is
made and entered into as of the 30th day of March, 2004, by and between CorrPro
Investments, LLC, a Delaware limited liability company ("Investor"), and Corrpro
Companies, Inc., an Ohio corporation (the "Company"). Capitalized terms used
herein but not defined herein shall have the meanings assigned to such terms in
that certain Securities Purchase Agreement, dated as of December 15, 2003, by
and between the Company and Investor (the "Purchase Agreement").

                              W I T N E S S E T H:

         WHEREAS, the Company and Investor are parties to the Purchase
Agreement, which provides for, among other things, the issuance and sale by the
Company, and the purchase by Investor, of the Securities; and

         WHEREAS, in order to induce Investor to enter into the Purchase
Agreement, the Company agreed to provide to Investor the registration rights and
other rights set forth herein; and

         WHEREAS, the execution of this Agreement is a condition to the closing
of the transactions contemplated by this Agreement and the other Transaction
Documents;

         NOW, THEREFORE, in consideration of the premises, covenants and
agreements contained in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

1.       Definitions. For the purposes of this Agreement, the following terms
shall have the following meanings:

         "Affiliate" shall mean, with respect to any Person, any other Person
directly or indirectly controlling (including, without limitation, all
directors, officers, partners and members of such Person), controlled by, or
under direct or indirect common control with, such Person.

         "Articles of Incorporation" shall mean the Amended and Restated
Articles of Incorporation of the Company, as amended from time to time.

         "Board of Directors" shall mean the Board of Directors of the Company,
including any committees thereof.

         "Code of Regulations" shall mean the Amended and Restated Code of
Regulations of the Company, as amended from time to time.

         "Common Stock" shall mean the common shares, without par value, of the
Company.

         "Demand Registration" shall have the meaning set forth in Section
2.2(a)(i) hereof.

         "Equity Securities" shall mean any capital stock or other equity
interests of the Company, or any security convertible into, or exercisable for,
any such capital stock or equity interests, or any security carrying any
warrant, option or other right to subscribe to or purchase any such capital
stock or equity interests.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder.

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         "Holder" shall mean any Person who is the record holder of, or
otherwise has the right to acquire, Registrable Securities, including such
Person's respective successors and assigns.

         "Indemnified Holder" shall mean any Holder of Registrable Securities,
whose Registrable Securities are included in a Registration pursuant to this
Agreement, any partner, member, officer, director, employee, advisor or agent of
any such Holder and any other Person who controls any such Holder within the
meaning of the Securities Act or the Exchange Act.

         "Indemnified Party" shall have the meaning set forth in Section 2.6(c)
hereof.

         "Indemnifying Party" shall have the meaning set forth in Section 2.6(c)
hereof.

         "Initiating Holder" shall have the meaning set forth in Section
2.1(a)(i) hereof.

         "Initial Preferred Shares" shall mean 13,000 shares of the Series B
Preferred Stock.

         "Investor" shall have the meaning set forth in the preamble hereof.

         "Losses" shall mean each and all of the following items: claims, losses
(including, without limitation, losses or earnings), liabilities (joint or
several), obligations, payments, damages (actual or consequential), charges,
judgments, fines, penalties, amounts paid in settlements, costs and expenses
(including, without limitation, interest which may be imposed in connection
therewith, costs and expenses of investigation, actions, suits, proceedings,
demands, assessments and reasonable fees, expenses, disbursements of counsel,
consultants and other experts).

         "Original Warrant" shall mean that certain Warrant, dated as of March
30, 2004, issued by the Company to Investor.

         "Person" shall mean an individual, corporation, limited liability
company, partnership, trust, incorporated or unincorporated organization, joint
venture, joint stock company, or a government or any agency or political
subdivision thereof or other entity of any kind.

          "Piggyback Notice" shall have the meaning set forth in Section 2.2(a)
hereof.

         "Piggyback Registration" shall have the meaning set forth in Section
2.2(a) hereof.

         "Prior Registrable Securities" shall mean the "Registrable Securities,"
as such term is defined in each of the Prior Registration Rights Agreements.

         "Prior Registration Rights Agreements" shall mean (i) that certain
Registration Rights Agreement, dated as of September 23, 2002, by and between
the Company and Bank One, NA and (ii) that certain Registration Rights
Agreement, dated as of September 23, 2002, by and between the Company and The
Prudential Insurance Company of America.

         "Prior Rights Holders" shall mean the holders of the Prior Registrable
Securities.

         "Purchase Agreement" shall have the meaning set forth in the recitals
herein.

         "Prospectus" shall mean the prospectus included in any Registration
Statement, as supplemented from time to time by any and all prospectus
supplements thereto, as amended from time to time by any and

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all post-effective amendments thereto, and including all documents, information
and/or other materials incorporated by reference therein.

         "Registrable Securities" shall mean (i) the Warrant Shares, (ii) any
securities issued as (or issuable upon the conversion or exercise of any
warrant, right, option or other security that is issued as) a dividend or other
distribution with respect to, or in exchange for or in replacement of, the
Warrant Shares and (iii) any securities issued or issuable in respect of any
Warrant Shares in connection with a merger, consolidation, recapitalization,
reorganization or otherwise; provided, however, that the term "Registrable
Securities" shall not include any Warrant Shares or other shares of Common Stock
that are sold by a Holder to the public pursuant to a Registration Statement or
Rule 144 under the Securities Act.

         "Registration" shall mean any Demand Registration or Piggyback
Registration.

         "Registration Expenses" shall have the meaning set forth in Section 2.5
hereof.

         "Registration Statement" shall mean a registration statement filed by
the Company with the SEC pursuant to the Securities Act and shall include,
without limitation, all financial statements and schedules required by the
Securities Act to be filed with such registration statement, the Prospectus
included in such registration statement, any amendments (including
post-effective amendments), supplements and exhibits to such registration
statement, and all documents, information and/or other materials incorporated by
reference into such registration statement.

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

         "SEC" shall mean the Securities and Exchange Commission, or any
successor agency thereto.

         "Series B Preferred Stock" shall mean the Series B Cumulative
Redeemable Voting Preferred Stock, without par value, of the Company.

         "Transaction Documents" shall mean, collectively, this Agreement, the
Purchase Agreement, the Securities, the Warrant Agreement, the Services
Agreement, the Amended Articles, the Amended Regulations and all other
agreements executed pursuant to or in connection herewith or therewith, as such
documents may be amended from time to time.

         "Warrant" shall mean the Original Warrant and all warrants issued upon
transfer, division or combination of, or in substitution of, the Original
Warrant or any other such warrants.

         "Warrant Shares" shall mean the shares of Common Stock issued or
issuable upon exercise of, or in respect of, the Warrant.

2.       Registration Rights.

         2.1.     Demand Registrations.

                  (a)      Requests for Demand Registration.

                           (i)      At any time and from time to time after the
date hereof, the Holders of at least thirty percent (30%) of the outstanding
Registrable Securities (the "Initiating Holders") may make a written request for
registration, whether or not such registration involves an underwritten
offering, under the Securities Act of all or any part of such Holder's
Registrable Securities (a "Demand Registration"), which

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request shall specify the amount of Registrable Securities to be registered and
the intended method or methods of disposition thereof.

                           (ii)     Promptly after receipt by the Company of any
request for a Demand Registration from the Initiating Holders pursuant to this
Section 2.1 (and in any event within five (5) days after such receipt), the
Company shall give written notice of such request to all other Holders of
Registrable Securities from whom written notice has not been received and shall,
subject to the provisions of this Section 2.1, include in such Demand
Registration all Registrable Securities with respect to which the Company
receives written requests (each request specifying the amount of Registrable
Securities to be registered under the Securities Act and the intended method or
methods of disposition thereof) for inclusion therein within ten (10) days after
the date on which the Company delivers its notice pursuant to the preceding
sentence.

                           (iii)    As promptly as is reasonably practicable,
but in no event later than sixty (60) days, after receiving any request for a
Demand Registration from the Initiating Holders pursuant to this Section 2.1,
the Company shall prepare and file with the SEC a Registration Statement
registering all Registrable Securities requested to be included in such Demand
Registration and shall use its best efforts to cause such Registration Statement
to become effective as promptly as practicable after the date on which such
Registration Statement was filed with the SEC. The Company shall cause such
Registration Statement to remain continuously effective, supplemented, amended
and current as required by, and subject to, the provisions of Section 2.4 hereof
and in conformity with the requirements of this Agreement, the Securities Act
and the policies, rules and regulations of the SEC as announced from time to
time, until the date on which all Registrable Securities covered by such
Registration Statement shall have been sold. If requested by the Initiating
Holders, such Demand Registration shall provide for the resale, from time to
time, of such Registrable Securities on a delayed or continuous basis pursuant
to Rule 415 under the Securities Act.

                  (b)      Underwritten Demand Registrations; Priority.

                           (i)      If in connection with a Demand Registration
the Initiating Holders desire to distribute their Registrable Securities by
means of an underwritten offering, they shall so advise the Company as part of
the request delivered to the Company pursuant to Section 2.2(a) hereof. In such
event, the right of any Holder to include its Registrable Securities in such
underwritten Demand Registration shall be conditioned upon such Holder's
participation in such underwritten Demand Registration and the inclusion of such
Holder's Registrable Securities therein. Any Holder who proposes to offer and
sell its Registrable Securities pursuant to such underwritten Demand
Registration shall enter into an underwriting agreement in customary form
(including all questionnaires, powers of attorney, indemnities or other
documents required by such underwriting agreement) with the managing underwriter
or underwriters selected for such underwritten Demand Registration pursuant to
Section 2.2(b)(ii) below.

                           (ii)     The managing underwriter or underwriters of
any underwritten public offering of Registrable Securities covered by a Demand
Registration shall be selected by the Holders of a majority of the number of
outstanding Registrable Securities to be included in such Demand Registration.

                           (iii)    If the managing underwriter or underwriters
for an underwritten Demand Registration shall advise the Company that, in its
opinion, the inclusion of the amount of Registrable Securities to be sold for
the Holders thereof would create a substantial risk that the proceeds or price
per share to be derived from such Demand Registration will be reduced to a price
range that is below a price range reasonably acceptable to a majority of the
Holders of Registrable Securities requested to be included in such Demand
Registration, then the amount of Registrable Securities to be included in such
Demand Registration shall be allocated (x) first, to the Initiating Holders, (y)
second, to all remaining Holders who did not initiate such Demand Registration
on a pro rata basis, and (z) third, to any other Person on a pro rata basis.

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                  (c)      Number of Demand Registrations. The Company shall not
be required to effect more than a total of three (3) Demand Registrations
pursuant to this Section 2.1. For purposes of this Section 2.1, a Demand
Registration shall not be counted as one (1) of the three (3) Demand
Registrations under this Section 2.1 (i) unless the Registration Statement
covering the Registrable Securities that are the subject of such Demand
Registration shall have become effective under the Securities Act and is
maintained effective in accordance with the requirements set forth in Section
2.1(a) hereof, (ii) if, after such Registration Statement has become effective
under the Securities Act, such Demand Registration shall be interfered with by
any stop order, injunction or other order or requirement of the SEC or other
governmental agency or court for any reason so as to materially interfere with
the distribution of Registrable Securities thereunder, (iii) if the conditions
to closing specified in the purchase agreement or underwriting agreement, if
any, entered into in connection with such Demand Registration are not satisfied
or waived, or (iv) if the Holders of Registrable Securities requested to be
included in such Demand Registration are not able to register at least fifty
percent (50%) of the Registrable Securities requested to be included therein .

                  (d)      Withdrawal of Registrable Securities. The Initiating
Holders shall be entitled to withdraw a request for a Demand Registration by
providing written notice thereof to the Company, and such request shall not be
counted as a Demand Registration for purposes of this Section 2.1 if the
Initiating Holders shall have paid all Registration Expenses incurred in
connection therewith.

         2.2.     Piggyback Registrations.

                  (a)      Request for Piggyback Registration. If at any time
after the date hereof the Company proposes to file a Registration Statement
(other than a Registration Statement on Forms S-4 or S-8 or any successor forms
thereto and other than a Registration Statement filed by the Company pursuant to
Section 2.1 hereof) with the SEC to register an offering of Equity Securities or
any other securities for its own account or for the account of any other Person
(a "Piggyback Registration"), the Company shall each such time promptly (but in
any event not less than twenty (20) days prior to the date on which the Company
proposes to file such Registration Statement with the SEC) provide written
notice thereof to each Holder of Registrable Securities (i) describing the terms
and conditions of such Piggyback Registration, (ii) identifying the form of
Registration Statement that the Company proposes to file in connection with such
Piggyback Registration and (iii) offering to include in such Piggyback
Registration all Registrable Securities held by each such Holder (a "Piggyback
Notice"). The Company shall include in such Piggyback Registration all
Registrable Securities for which the Company has received from the Holders
thereof for inclusion therein written requests within thirty (30) days of the
date on which such Piggyback Notice was given by the Company. Notwithstanding
anything to the contrary contained herein, no Piggyback Registration shall be
deemed to constitute a Demand Registration.

                  (b)      Priority. If the managing underwriter or underwriters
for a Piggyback Registration involving an underwritten offering in which
Registrable Securities are proposed to be included pursuant to this Section 2.2
shall advise the Company that, in its opinion, the inclusion of the amount of
Registrable Securities to be sold for the account of Holders would (i) create a
substantial risk that the proceeds or price per share to be derived from such
Piggyback Registration will be materially reduced or (ii) materially and
adversely affect such Piggyback Registration in any other respect, then the
number of securities to be included in such Piggyback Registration shall be
allocated (1) first, to the Company, (2) second, to the Holders and, if
applicable, the Prior Rights Holders on a pro rata basis, and (3) third, to any
other Person on a pro rata basis.

                  (c)      Withdrawal of Registrable Securities. If, as a result
of the proration provisions of Section 2.2(b), any Holder shall not be entitled
to include all of such Holder's Registrable Securities in a Piggyback
Registration that such Holder has requested be included, such Holder may elect
to withdraw its Registrable Securities from such Piggyback Registration;
provided, however, that such withdrawal

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election shall be irrevocable and, after making such withdrawal election, a
Holder shall no longer have any right to include Registrable Securities in the
Piggyback Registration as to which such withdrawal election was made.

                  (d)      Right to Terminate Piggyback Registration. If at any
time prior to the date on which the Registration Statement for a Piggyback
Registration is declared effective by the SEC the Company shall determine for
any reason to terminate such Piggyback Registration, the Company shall provide
written notice of such determination to each Holder of Registrable Securities
and, thereupon, shall be relieved of its obligations to register any Registrable
Securities in connection with such Piggyback Registration, without prejudice,
however, to the rights of Holders of Registrable Securities to request that such
terminated Piggyback Registration be effected as a Demand Registration;
provided, however, that the Company shall pay all Registration Expenses incurred
by a Holder of Registrable Securities or otherwise in connection with such
terminated Piggyback Registration.

         2.3.     Hold-Back Agreements. In connection with any underwritten
offering made pursuant to a Demand Registration, the Company shall not, if
requested in writing by the managing underwriter or underwriters for such
underwritten offering, effect any public sale or distribution of Equity
Securities for its own account during the period beginning on the 30th day prior
to and ending on the 120th day after the effective date of any such underwritten
offering.

         2.4.     Registration Procedures.

                  (a)      Obligations of the Company. Whenever the Company is
required by the provisions of this Agreement to cause Registrable Securities to
be registered under the Securities Act, the Company shall:

                           (i)      prepare and file with the SEC as soon as
practicable an appropriate Registration Statement with respect to such
Registrable Securities, use its best efforts to cause such Registration
Statement to become effective under the Securities Act as soon as practicable,
and to keep such Registration Statement continuously effective, supplemented,
amended and current for the time period required by this Agreement, to the
extent permitted under the Securities Act, or until the distribution
contemplated in such Registration Statement is completed; provided, however,
that as soon as reasonably practicable but in no event later than three (3)
Business Days before filing such Registration Statement, any related Prospectus
or any amendment or supplement thereto, other than any amendment or supplement
made solely as a result of incorporation by reference of documents filed with
the SEC subsequent to the filing of such Registration Statement, the Company
shall furnish to the Holders of Registrable Securities covered by such
Registration Statement, their counsel and the underwriters, if any, copies of
all such documents proposed to be filed with the SEC, which Holders, counsel and
underwriters shall be afforded a reasonable opportunity to review such documents
and comment thereon;

                           (ii)     prepare and file with the SEC such
amendments and post-effective amendments to the applicable Registration
Statement as may be necessary to keep such Registration Statement effective for
the applicable period set forth in Sections 2.1 or 2.2 hereof, as the case may
be; cause the Prospectus to be supplemented by any required Prospectus
supplements, and as so supplemented to be filed pursuant to Rule 424 under the
Securities Act, and to comply fully with Rules 424, 430A and 462, as applicable,
under the Securities Act in a timely manner; and comply with the provisions of
the Securities Act with respect to the disposition of all securities covered by
such Registration Statement until such time as all Registrable Securities have
been disposed of and in accordance with the intended method or methods of
distribution set forth in such Registration Statement or supplement to such
Prospectus;

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                           (iii)    promptly notify the selling Holders of
Registrable Securities and the managing underwriter, if any, and (if requested
by any such Person) confirm such notice in writing, (1) when the Prospectus or
any supplement or post-effective amendment thereto has been filed and, with
respect to the Registration Statement or any post-effective amendment thereto,
when the same has become effective, (2) of any request by the SEC for amendments
or supplements to the Registration Statement or the Prospectus or for any
additional information, (3) of the issuance by the SEC of any stop order
suspending the effectiveness of such Registration Statement or the initiation of
any proceedings for that purpose, (4) of the receipt by the Company of any
notification with respect to the suspension of the qualification of the
Registrable Securities for sale in any jurisdiction or the initiation or
threatening of any proceeding for such purpose, and (5) upon discovery by the
Company that, or upon the happening of any event as a result of which, a
Registration Statement or any related Prospectus contains any untrue statement
of a material fact or omits to state any material fact required to be stated
therein or necessary to make the statements therein not misleading;

                           (iv)     use its reasonable best efforts to obtain
the withdrawal of any order suspending the effectiveness of a Registration
Statement, or the qualification of any Registrable Securities for sale under the
applicable securities or blue sky laws in any jurisdiction in the United States,
at the earliest practicable moment;

                           (v)      if requested by the managing underwriter or
a Holder of Registrable Securities being sold in connection with an underwritten
offering, promptly incorporate in a supplement or post-effective amendment to a
Registration Statement or Prospectus such information as the managing
underwriter and the Holders of a majority of the Registrable Securities being
sold agree should be included therein relating to the sale of the Registrable
Securities, including, without limitation, information with respect to the
number of Registrable Securities being sold to underwriters, the purchase price
being paid therefor by such underwriters and with respect to any other terms of
the underwritten offering of the Registrable Securities to be sold in such
offering; and make all required filings of such supplement or post-effective
amendment as soon as notified of the matters to be incorporated in such
supplement or post-effective amendment;

                           (vi)     furnish to each selling Holder of
Registrable Securities and each managing underwriter, if any, without charge,
one signed copy of the Registration Statement or Registration Statements and any
post-effective amendment thereto, including all financial statements and
schedules thereto, all supplements, amendments and exhibits thereto, and all
documents, information and other materials incorporated by reference therein, as
promptly as practicable after the filing thereof with the SEC;

                           (vii)    deliver to each selling Holder of
Registrable Securities and each managing underwriter, if any, without charge, as
many copies of each Prospectus (and each preliminary Prospectus) as such Persons
may reasonably request (the Company hereby consenting to the use of each such
Prospectus (or preliminary Prospectus)) 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 (or
preliminary Prospectus) in accordance with applicable law and the disclosure set
forth in such Prospectus);

                           (viii)   use its best efforts to register or qualify
Registrable Securities covered by a Registration Statement for offer and sale
under the securities or blue sky laws of such jurisdictions as each selling
Holder or underwriter may designate in writing, keep such registration or
qualification in effect for so long as such Registration Statement remains in
effect, and do anything else reasonably necessary or advisable to enable the
disposition in such jurisdictions of the Registrable Securities covered by the
Registration Statement; provided, however, that the Company shall not be
required to qualify generally to do business in any jurisdiction where it is not
then so qualified or to take any action which would subject it to general
service of process in any such jurisdiction where it is not then so subject;

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                           (ix)     cooperate with the selling Holders of
Registrable Securities and the managing underwriter, if any, to facilitate the
timely preparation and delivery of certificates not bearing any restrictive
legends representing the Registrable Securities to be sold and cause such
Registrable Securities to be in such denominations and registered in such names
as the managing underwriter may reasonably request at least three (3) Business
Days prior to any sale of Registrable Securities to the underwriters;

                           (x)      use its best efforts to cause the
Registrable Securities covered by a Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be
necessary to enable the seller or sellers thereof or the underwriters, if any,
to consummate the disposition of such Registrable Securities;

                           (xi)     if the Registration Statement or Prospectus
contains any untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein
not misleading, prepare a supplement or post-effective amendment to such
Registration Statement or Prospectus or any document incorporated by reference
therein or file any other required document so that, as thereafter delivered to
the purchasers of the Registrable Securities, such Registration Statement,
Prospectus or document 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;

                           (xii)    use its best efforts to cause all
Registrable Securities covered by the Registration Statement to be listed on the
American Stock Exchange (if the Common Stock is then listed thereon) or any
other securities exchange or automated quotation system on which any securities
of the Company are then listed or traded;

                           (xiii)   provide a CUSIP number for all Registrable
Securities covered by the Registration Statement not later than the effective
date of the Registration Statement;

                           (xiv)    in the event of any underwritten public
offering, enter into and perform its obligations under an underwriting agreement
in customary form with the managing underwriter of such offering and perform all
other actions as are customary in such an underwritten public offering,
including participation of senior management of the Company in a "road show;"

                           (xv)     enter into such agreements (including an
underwriting agreement) and do anything else reasonably necessary or advisable
in order to expedite or facilitate the disposition of such Registrable
Securities in accordance with applicable law and the disclosure set forth in the
applicable Registration Statement, and in connection therewith, whether or not
the registration is an underwritten registration:

                                    (1)      make such representations and
warranties to the Holders of such Registrable Securities and the underwriters,
if any, in form, substance and scope as are customarily made by issuers to
underwriters in primary underwritten offerings;

                                    (2)      obtain opinions of counsel to the
Company and updates thereof (which counsel and opinions (in form, scope and
substance)) shall be reasonably satisfactory to the managing underwriter, if
any, and the Holders of a majority of the Registrable Securities being sold)
addressed to each selling Holder and the underwriter, if any, covering the
matters customarily covered in opinions delivered to underwriters in primary
underwritten offerings and such other matters as may be reasonably requested by
such Holders or underwriters;

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                                    (3)      obtain comfort letters and updates
thereof from the Company's independent public accountants addressed to the
selling Holders of Registrable Securities registered thereunder and the
underwriters, if any, such letters to be in customary form and covering matters
of the type customarily covered in comfort letters by underwriters in connection
with primary underwritten offerings; and

                                    (4)      deliver such documents and
certificates as may be reasonably requested by the Holders of a majority of the
Registrable Securities being sold and the managing underwriter, if any, to
evidence compliance with clause (1) above and with any customary conditions
contained in the underwriting agreement or any other agreements entered into by
the Company.

                           (xvi)    following reasonable advance notice, make
available for inspection by representatives of the Holders of a majority of the
Registrable Securities being sold, any underwriter participating in any
disposition pursuant to such Registration Statement, and any attorney or
accountant retained by the selling Holders or any such underwriter, all relevant
financial and other records and pertinent corporate documents and properties of
the Company any such Holder shall deem necessary, and cause the Company's
officers, directors and employees to supply all relevant information, reasonably
requested by any such selling Holder, underwriter, attorney or accountant in
connection with the Registration as is customary for similar due diligence
examinations during normal business hours at the offices where such information
is normally kept; provided, however, that any records, information or documents
that are designated by the Company in writing as confidential shall only be
provided if such person executes a confidentiality agreement reasonably
satisfactory to the Company; and

                           (xvii)   otherwise use its best efforts to comply
with all applicable rules and regulations of the SEC, and make available to the
selling Holders earnings statements satisfying the provisions of Section 11(a)
of the Securities Act, no later than 45 days after the end of any 12-month
period (or 90 days, if such period is a fiscal year) (x) commencing at the end
of any fiscal quarter in which Registrable Securities are sold to underwriters
in an underwritten offering, or, if not sold to underwriters in such an
offering, (y) beginning with the first month of the Company's first fiscal
quarter commencing after the effective date of the Registration Statement, which
statements shall cover said 12-month periods.

                  (b)      Holders' Obligation to Furnish Information. With
respect to any Registration effected under Sections 2.1 or 2.2 hereof, each
Holder of Registrable Securities shall furnish to the Company (i) a standard
selling stockholder questionnaire setting forth information regarding Holder to
determine compliance with all applicable securities laws, (ii) such information
regarding the intended method or methods of distribution of such Registrable
Securities as the Company may from time to time reasonably request, and (iii)
such other information about the Holder and its Affiliates as is required to be
set forth in the Registration Statement or Prospectus.

         2.5.     Registration Expenses. Except as provided in Section 2.1(d),
the Company shall pay all expenses arising from or incident to its performance
of, or compliance with, this Agreement, regardless of whether or not a
Registration Statement shall become effective under the Securities Act
(collectively, "Registration Expenses"). The term "Registration Expenses" shall
include, without limitation:

                  (a)      all registration, filing and listing fees (including,
without limitation, fees with respect to filings or applications required to be
made with the SEC, the National Association of Securities Dealers and/or the
American Stock Exchange);

                  (b)      all fees and expenses of compliance with federal,
state and/or other securities laws (including, without limitation, fees and
disbursements of one (1) firm of counsel for the Holders (as selected by the
Holders of a majority of the number of outstanding Registrable Securities to be
included in such

                                       9

<PAGE>

Registration) and for the managing underwriter or underwriters in connection
with state or other securities laws qualifications and/or registrations of
Registrable Securities relating solely to determinations of their eligibility
for investment under the laws of such jurisdictions as the managing underwriter
or underwriters or the Holders of a majority of the Registrable Securities being
sold may designate);

                  (c)      all printing, messenger, telephone and delivery
expenses;

                  (d)      all fees, disbursements and expenses of one (1) firm
of counsel for the Company, counsel for the managing underwriter or underwriters
and one (1) firm of counsel for the Holders of Registrable Securities;

                  (e)      all fees, disbursements and expenses of all
independent public accountants of the Company (including, without limitation,
the expenses of any audit and/or "comfort" letters required by, or incident to
the performance of the obligations of the Company contemplated by, this
Agreement);

                  (f)      all fees, disbursements and expenses of the managing
underwriter or underwriters (excluding discounts and commissions); and

                  (g)      all fees, disbursements and expenses of any other
Person retained by the Company in connection with such Registration.

                  Notwithstanding the foregoing, the term "Registration
Expenses" shall not include (i) the Company's internal expenses (including,
without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties, the expenses of any annual audit, and the
fees and expenses of any Person retained by the Company), all of which shall be
borne by the Company, and (ii) any underwriter's discounts or commissions,
dealers' selling commissions or transfer taxes, all of which shall be borne by
the Holders of Registrable Securities.

         2.6.     Indemnification.

                  (a)      Indemnification by Company. The Company shall
indemnify and hold harmless each Indemnified Holder from and against all Losses
arising out of, or based upon, (i) any untrue statement or alleged untrue
statement of a material fact contained in a Registration Statement, or
incorporated by reference therein, under which Registrable Securities were
registered under the Securities Act or incorporated by reference therein,
including, without limitation, any preliminary Prospectus or final Prospectus
contained therein or any amendments or supplements thereto, or any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the
circumstances under which such statements were made, except to the extent that
the untrue statement or omission resulted from information that a Holder
furnished to the Company in writing expressly for use therein, and (ii) any
violation or alleged violation by the Company of the Securities Act, the
Exchange Act or any state securities laws in connection with the offering
covered by such Registration Statement. Such indemnity shall remain in full
force and effect, regardless of any investigation made by such Indemnified
Holder, and shall survive any transfer of Registrable Securities by such
Indemnified Holder. Such indemnity shall not be exclusive and shall be in
addition to any liability which the Company may otherwise have.

                  (b)      Indemnification by Holder of Registrable Securities.
Each Holder of Registrable Securities shall indemnify and hold harmless the
Company, its directors and officers and each Person, if any, who controls the
Company within the meaning of the Securities Act or the Exchange Act for all
Losses arising out of, or based upon, (i) any untrue statement or alleged untrue
statement of a material fact contained in a Registration Statement, or
incorporated by reference therein, under which Registrable Securities were
registered under the Securities Act or incorporated by reference therein,
including, without limitation, any

                                       10

<PAGE>

preliminary Prospectus or final Prospectus contained therein or any amendments
or supplements thereto, or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances under which such statements
were made, but only to the extent that such untrue statement or omission
resulted from information that a Holder furnished to the Company in writing
expressly for use therein. Notwithstanding the foregoing, no Holder shall have
any liability from an amount that exceeds the net proceeds to be received by
such Holder upon the sale of Registrable Securities giving rise to such
indemnification obligation. Such indemnity shall remain in full force and
effect, regardless of any investigation made by the Company, and shall survive
any transfer of Registrable Securities by such Indemnified Holder.

                  (c)      Indemnification Procedures. Promptly after receipt by
a party seeking indemnification (the "Indemnified Party") under this Section 2.6
of notice of the commencement of any action or proceeding (including any
governmental investigation or inquiry), such Indemnified Party shall, if a claim
in respect thereof is to be made against any indemnifying party pursuant to this
Section 2.6 (the "Indemnifying Party"), deliver a written notice of the
commencement thereof, and the Indemnifying Party shall have the right to
participate in, and, to the extent the Indemnifying Party so desires, jointly
with any other Indemnifying Party similarly noticed, to assume the defense
thereof with counsel mutually satisfactory to the Indemnifying Party and the
Indemnified Party. The Indemnified Party shall have the right to employ separate
counsel in any such action or proceeding and to participate in the defense
thereof, but the fees and expenses of such separate counsel shall be the expense
of the Indemnified Party unless (i) the Indemnifying Party has agreed to pay
such fees and expenses, (ii) the Indemnifying Party shall have failed to assume
the defense of such action or proceeding or has failed to employ counsel
reasonably satisfactory to the Indemnified Party in any such action or
proceeding or (iii) the named parties to any such action or proceeding
(including any impleaded parties) include both the Indemnified Party and the
Indemnifying Party, and the Indemnified Party shall have been advised by counsel
that there may be one or more legal defenses available to the Indemnified Party
that are different from, or additional to, those available to the Indemnifying
Party. If the Indemnified Party notifies the Indemnifying Party in writing that
it elects to employ separate counsel at the expense of the Indemnifying Party as
permitted by the provisions of the preceding sentence, the Indemnifying Party
shall not have the right to assume the defense of such action or proceeding on
behalf of the Indemnified Party. Notwithstanding the foregoing, the Indemnifying
Party shall not be liable for the reasonable fees and expenses of more than one
counsel at any time for the Indemnified Party in connection with any one such
action or proceeding or separate but substantially similar or related actions or
proceedings in the same jurisdiction arising out of the same general allegations
or circumstances. No Indemnifying Party shall consent to entry of any judgment
or enter into any settlement that does not include as an unconditional term
thereof the claimant's or plaintiff's release of the Indemnified Party from all
liability concerning the action or proceeding or which includes any non-monetary
settlement.

                  (d)      Contribution. If the indemnification provided for in
this Section 2.6 is unavailable to an Indemnified Party under Sections 2.6(a) or
2.6(b) above (other than by reason of exceptions provided therein) in respect of
any Losses referred to therein, then the Indemnifying Party, in lieu of
indemnifying such Indemnified Party hereunder, shall to the extent permitted by
applicable law contribute to the amount paid or payable by such Indemnified
Party as a result of such Losses in such proportion as is appropriate to reflect
the relative fault of the Indemnifying Party on the one hand and of the
Indemnified Party on the other in connection with the statements or omissions
that resulted in such Losses as well as any other relevant equitable
considerations. The amount paid or payable by a party as a result of the Losses
referred to above shall be deemed to include, subject to the limitations set
forth in Section 2.6(c), any legal or other fees or expenses reasonably incurred
by such Indemnified Party in connection with investigating or defending any
action or proceeding. The relative fault of the Indemnifying Party on the one
hand and of the Indemnified Party on the other shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by the Indemnifying Party or by the Indemnified Party
and the parties' relative intent,

                                       11

<PAGE>

knowledge, access to information and opportunity to correct or prevent such
untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact.

                  The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 2.6(d) were determined by pro
rata allocation or by any other method of allocation that does not take account
of the equitable considerations referred in the immediately preceding paragraph.
Notwithstanding anything contained herein to the contrary, no Holder of
Registrable Securities shall be required to contribute any amount in excess of
the amount by which the net proceeds of the offering (before deducting expenses,
if any) received by such Holder exceeds the amount of any damages that such
Holder 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.

                  (e)      Other Indemnification. Indemnification similar to
that specified in this Section 2.6 shall be given by the Company and each
selling Holder of Registrable Securities with respect to any required
registration under any federal or state law or regulation of any governmental
authority, other than the Securities Act.

         2.7.     Rule 144. In order to make available to each Holder the
benefits of Rule 144 under the Securities Act and any other rule or regulation
of the SEC that may at any time permit such Holder to sell Registrable
Securities to the public without registration or pursuant to Form S-3, the
Company shall, from and after the date hereof, (a) timely file such information,
documents and reports required of the Company under the Securities Act and the
Exchange Act and (b) furnish to each Holder upon request (i) a written statement
by the Company that it has complied with the reporting requirements of Rule 144
under the Securities Act and the Exchange Act or that it qualifies as a
registrant whose securities may be registered under Form S-3 (or any successor
form thereto), (ii) a copy of the Company's most recent Annual Report on Form
10-K or Quarterly Report on Form 10-Q, and (iii) such other reports, documents
and/or information as such Holder may request in order to avail itself of any
exemption under the Securities Act for the sale of Registrable Securities
without registration thereunder.

         2.8.     Other Registration Rights Agreements. Except for any
underwriting agreement between the Company and one or more managing underwriter
or underwriters, the Company shall not on or after the date hereof enter into
any agreement that conflicts with the terms and provisions hereof with any
Person providing for the registration under the Securities Act of any Equity
Securities held by such Person.

         2.9.     Adjustments Affecting Registrable Securities. The Company
shall not effect or permit to occur any combination or subdivision of its
securities that would adversely affect the ability of the holders of Registrable
Securities to include such Registrable Securities in any Registration of its
securities or the marketability of such Registrable Securities under any such
Registration.

3.       Information Rights. Unless such financial statements or reports have
been filed with the SEC, whether or not required by the rules and regulations of
the SEC, the Securities Act or the Exchange Act, the Company shall furnish to
each Holder of Registrable Securities who is the beneficial owner of five
percent (5%) or more of the then outstanding Common Stock (i) all quarterly and
annual financial information that would be required to be contained in an Annual
Report on Form 10-K or Quarterly Report on Form 10-Q if the Company were
required to file such reports, including "Management's Discussion and Analysis
of Financial Condition and Results of Operations" and, with respect to the
annual information only, a report thereon by the Company's certified independent
accountants, (ii) all current reports that would be required to be filed with
the Commission on Form 8-K if the Company were required to file such reports. In
addition, whether or not required by the rules and regulations of the SEC,

                                       12

<PAGE>

the Company shall file a copy of all such information and reports with the
Commission for public availability (unless the Commission will not accept such a
filing) and make such information available to securities analysts and
prospective investors upon request of Investor. In addition, the Company shall
furnish to each Holder of Registrable Securities (i) the information required to
be delivered pursuant to Rule 144A(d)(4) under the Securities Act and (ii) such
financial and other information concerning the Company and its subsidiaries as
Investor may from time to time request.

4.       Observer Rights. For so long as the number of Warrant Shares is equal
to or in excess of ten percent (10%) of the then outstanding Common Stock, the
Holders of a majority of the Warrant Shares shall be entitled to designate from
time to time one (1) non-voting observer (the "Representative") to be present at
and attend all meetings and other functions of the Board of Directors. The
Company shall provide the Representative with notice of all such meeting and
functions, including the time and place of such meetings and functions, and
copies of all notices, minutes, consents and other documents, materials or
information, financial or otherwise, which the Company provides to its Board of
Directors in connection therewith; provided, however, that (i) the
Representative shall agree to hold in trust and confidence all such information
so provided to him or her, and (ii) the Company shall be entitled to exclude
such Representative from access to any information provided to, or meetings or
other functions of, the Board of Directors if the Company determines in good
faith that such exclusion is reasonably necessary to preserve attorney-client
privileged matters. The Company shall reimburse the Representative for his or
her out-of-pocket expenses incurred in attending meetings or other functions of
the Board of Directors to the extent provided in, and in accordance with, the
Company's reimbursement policy in effect from time to time with respect to
members of the Board of Directors who are not officers or employees of the
Company or any of its subsidiaries.

5.       AMEX Listing. From and after the date hereof, the Company shall use its
commercially reasonable best efforts to maintain the listing of the Registrable
Securities on the American Stock Exchange.

6.       Voting. For so long as Investor shall be the record holder of all of
the Initial Preferred Shares, Investor shall not vote, or cause to be voted, any
Registrable Securities in favor of or against any proposal at any annual or
special meeting of the shareholders of the Company; provided, however, that
nothing contained in this Section 6 shall prohibit Investor from voting, or
causing to be voted, all or any portion of the Initial Preferred Shares in favor
of or against any proposal at any annual or special meeting of the shareholders
of the Company.

7.       Tax Return Preparation Expenses. For so long as Investor shall be the
record holder of all or any portion of the Initial Preferred Shares, the Company
shall reimburse Investor for all costs, fees and other expenses incurred by
Investor in connection with the preparation of any federal and state tax returns
of Investor.

8.       Board of Directors. For so long as Investor shall be the record holder
of at least forty percent (40%) of the Initial Preferred Shares, the Company
shall, upon receipt of written notice from Investor, take all action necessary
to cause the authorized number of members of the Board of Directors to be
increased or decreased (as the case may be) to such number as Investor shall
request in such written notice; provided, however, that the authorized number of
members of the Board of Directors shall not be decreased to a number that is
less than seven (7) (or such other minimum number of members of the Board of
Directors required by the Articles of Incorporation, the Code of Regulations or
applicable law); provided, further, that with respect to any increase in the
authorized number of members of the Board of Directors, the holders of Series B
Preferred Stock shall be entitled to fill that number of vacancies in the Board
of Directors, if any, resulting therefrom necessary to comply with the
provisions of Article Fourth paragraph (d)(5) of the Articles of Incorporation,
and any remaining vacancies in the Board of Directors shall then be filled by
the members of the Board of Directors in accordance with the provisions of the
Code of Regulations.

                                       13

<PAGE>

9.       Miscellaneous.

         9.1.     Successors and Assigns. Except as otherwise expressly provided
herein, the terms and conditions of this Agreement shall inure to the benefit
of, and be binding on, the respective permitted successors and assigns of the
parties (including transferees of any Registrable Securities). Nothing in this
Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

         9.2.     Governing Law. This Agreement shall be governed by and
construed under the laws of the State of Delaware, excluding the application of
any conflicts of laws principles which would require the application of the laws
of another state.

         9.3.     Execution. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this
Agreement, and all of which, when taken together, shall be deemed to constitute
one and the same Agreement. The exchange of copies of this Agreement and of
signature pages by facsimile transmission shall constitute effective execution
and delivery of this Agreement as to the parties and may be used in lieu of the
original Agreement for all purposes. Signatures of the parties transmitted by
facsimile shall be deemed to be their original signatures for any purpose
whatsoever.

         9.4.     Headings. The headings used in this Agreement are used for
convenience only and are not to be considered in construing or interpreting this
Agreement.

         9.5.     Notices. All notices and other communications required or
permitted hereunder shall be in writing. Notices shall be delivered personally,
via recognized overnight courier (such as Federal Express, DHL or Airborne
Express) or via certified or registered mail, and shall be effective upon
receipt. Notices may be delivered via facsimile or e-mail, provided that by no
later than two days thereafter such notice is confirmed in writing and sent via
one of the methods described in the previous sentence. Notices shall be
addressed as follows:

                  (a)      if to Investor, to

                                            CorrPro Investments, LLC
                                            750 N. St. Paul Street
                                            Suite 1200
                                            Dallas, Texas 75201
                                            Attention: James A. Johnson
                                            Facsimile No.: (214) 871-8799

                                            with a copy to

                                            Haynes and Boone, LLP
                                            901 Main Street, Suite 3100
                                            Dallas, Texas 75202
                                            Attention: Thomas H. Yang
                                            Facsimile No.: (214) 200-0641

                                       14

<PAGE>

                  (b)      if to the Company, to

                                            Corrpro Companies, Inc.
                                            1090 Enterprise Drive
                                            Medina, Ohio 44256
                                            Attention: John D. Moran, Esq.
                                            Facsimile No.: (330) 723-0244

                                            with a copy to:

                                            Hahn, Loeser & Parks, LLP
                                            3300 BP Tower
                                            200 Public Square
                                            Cleveland, Ohio 44114
                                            Attention:  F. Ronald O'Keefe, Esq.
                                            Facsimile No. (216) 241-2824

         9.6.     Assignment and Additional Parties. Each Holder of Registrable
Securities shall be entitled to transfer or assign all or any portion of its
rights under this Agreement, except the rights set forth in Sections 6 and 7
hereof, to any transferee or assignee of such Registrable Securities; provided,
however, that such transferee or assignee shall have furnished to the Company,
within ten (10) days after the date of such transfer or assignment, a confirming
document substantially in the form attached hereto as Exhibit A. Upon execution
of such confirming document, all the parties to this Agreement acknowledge and
confirm that after the date of such confirming document (i) such transferee or
assignee shall become a party to this Agreement and shall become a "Holder" for
all purposes under this Agreement and (ii) any and all Registrable Securities
that such transferee or assignee may hold at such time or acquire in the future
shall have the rights and benefits as set forth in this Agreement.

         9.7.     Amendment of Registration Rights. Except as otherwise
expressly provided herein, this Agreement and any provision of this Agreement
may be amended or modified only with the written consent of the Company and the
Investor and, if any Holder is adversely affected by such amendment, the Holders
of a majority of the Registrable Securities then outstanding. Any amendment or
modification effected in accordance with this Section 9.7 shall be binding upon
the Company, Investor and each other party to this agreement. By acceptance of
the benefits under this Agreement, the Holders of Registrable Securities hereby
agree to be bound by the provisions hereunder.

         9.8.     Severability. Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable Law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision of this Agreement.

         9.9.     Entire Agreement. Each party hereby acknowledges that no other
party or any other person or entity has made any promises, warranties,
understandings or representations whatsoever, express or implied, not contained
in this Agreement, the other Transaction Documents, the LOI, the Letter
Agreement or the Confidentiality Agreement, or any documents, certificates,
instruments or other writing contemplated thereby and acknowledges that it has
not executed this Agreement in reliance upon any such promises, representations,
understandings or warranties not contained herein or therein and that this
Agreement, the other Transaction Documents, the LOI, the Letter Agreement and
the Confidentiality

                                       15

<PAGE>

Agreement supersede all prior agreements and understandings between the parties
with respect thereto. There are no promises, covenants or undertakings other
than those expressly set forth or provided for in this Agreement, the other
Transaction Documents, the LOI, the Letter Agreement and the Confidentiality
Agreement.

         9.10.    Delays or Omissions. No delay or omission to exercise any
right, power or remedy accruing to any party under this Agreement, upon any
breach or default of any other party under this Agreement, shall impair any such
right, power or remedy of such nonbreaching or nondefaulting party nor shall it
be construed to be a waiver of any such breach or default, or an acquiescence
therein, or of or in any similar breach or default thereafter occurring; nor
shall any waiver of any single breach or default be deemed a waiver of any other
breach or default theretofore or thereafter occurring.

         9.11.    Interpretation. As used in this Agreement, (i) the term
"includes" and the word "including" and words of similar import shall be deemed
to be followed by the words "without limitation"; (ii) "control" (including its
correlative meanings, "controlled by" and "under common control with") shall
mean the possession, directly or indirectly, of the power to (A) vote ten
percent (10%) or more of the securities having ordinary voting power for the
election of directors of a Person or (B) direct or cause the direction of
management or policies of a Person, whether through the ownership of securities
or partnership or other interests, by contract or otherwise; (iii) definitions
contained in this Agreement apply to singular as well as the plural forms of
such terms and to the masculine as well as to the feminine and neuter genders of
such terms; (iv) words in the singular shall be held to include the plural and
vice versa, and words of one gender shall be held to include the other gender as
the context requires; (v) the terms "hereof," "herein," and "herewith" and words
of similar import shall, unless otherwise stated, be construed to refer to this
Agreement as a whole and not to any particular provision of this Agreement, and
Article, Section, subsection, paragraph, Schedule and Exhibit references are to
the Articles, Sections, subsections, paragraphs, Schedules and Exhibits to this
Agreement unless otherwise specified; (vi) the word "or" shall not be exclusive;
and (vii) all references in this Agreement to particular forms of registration
statements are intended to include all successor forms which are intended to
replace, or to apply to similar transactions as, the forms herein referenced.

         9.12.    Other Remedies. In addition to those remedies specifically set
forth herein, each party may proceed to protect and enforce its rights under
this Agreement either by suit in equity and/or by action at law, including, but
not limited to, an action for damages as a result of any such breach and/or an
action for specific performance of any such covenant or agreement contained in
this Agreement. No right or remedy conferred upon or reserved to any party under
this Agreement is intended to be exclusive of any other right or remedy, and
every right and remedy shall be cumulative and in addition to every other right
and remedy given under this Agreement now and hereafter existing under
applicable law.

                                       16

<PAGE>

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

                                            CORRPRO INVESTMENTS, LLC

                                            By: Wingate Partners III, L.P., its
                                                authorized member

                                            By: Wingate Management Company III,
                                                L.P., its  general partner

                                            By: Wingate Management Limited III,
                                                LLC, its general partner

                                            By: /s/ Jay I. Applebaum
                                                --------------------------------
                                                Jay I. Applebaum
                                                Principal

                                            CORRPRO COMPANIES, INC.

                                            By: /s/ John D. Moran
                                                --------------------------------
                                                Name: John D. Moran
                                                Title: Senior VP/Sec.<PAGE>

                                                                    Exhibit 10.3

                               SERVICES AGREEMENT

         THIS SERVICES AGREEMENT (this "Agreement") is made and entered into as
of March 30, 2004, by and between Corrpro Companies, Inc., an Ohio corporation
(the "Company"), and Wingate Partners III, L.P., a Delaware limited partnership
("Services Provider"). Capitalized terms used herein but not defined herein
shall have the meanings assigned to such terms in that certain Securities
Purchase Agreement (the "Purchase Agreement"), dated as of December 15, 2003, by
and between the Company and CorrPro Investments, LLC, a Delaware limited
liability company affiliated with Services Provider ("Purchaser").

         WHEREAS, the Company and Purchaser are parties to the Purchase
Agreement, which provides for, among other things, the purchase and sale of the
Securities; and

         WHEREAS, in order to induce Purchaser to enter into the Purchase
Agreement, the Company has agreed to, among other things, pay a closing fee at
the Closing in accordance with the terms hereof; and

         WHEREAS, the Company desires to (i) receive financial advisory,
management advisory, strategic planning, monitoring and other related services
from Services Provider following the consummation of the transactions
contemplated by the Purchase Agreement and the other Transaction Documents, such
services to be provided on the terms set forth in this Agreement, and (ii)
obtain the benefit of experience of Services Provider in business and financial
management generally and its knowledge of the Company and the Company's
financial affairs in particular; and

         WHEREAS, Services Provider is willing to provide financial advisory,
management advisory, strategic planning, monitoring and other related services
to the Company, and the compensation arrangement set forth herein is designed to
compensate Services Provider for rendering such services; and

         WHEREAS, the agreement by the parties hereto to execute and deliver
this Agreement is a condition to the Purchaser entering into, and to the closing
of the transactions contemplated by, the Purchase Agreement and the other
Transaction Documents;

         NOW, THEREFORE, in consideration of the premises, covenants and
agreements of each of the parties hereto and the Purchaser contained in this
Agreement, the Purchase Agreement and the other Transaction Documents, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

         1.       Closing Fee. At the Closing, the Company shall pay a closing
fee in the aggregate amount of $500,000 payable by wire transfer of immediately
available funds as set forth on Schedule A hereto.

         NOTICE IS HEREBY GIVEN THAT THIS AGREEMENT CONTAINS INDEMNIFICATION
PROVISIONS IN SECTION 10 THAT APPLY TO ANY LOSSES (AS DEFINED BELOW) THAT HAVE
RESULTED FROM OR ARE ALLEGED TO HAVE RESULTED FROM THE ACTIVE OR PASSIVE OR THE
SOLE, JOINT OR CONCURRENT ORDINARY NEGLIGENCE OF SERVICES PROVIDER OR ANY OTHER
INDEMNIFIED PARTY (AS DEFINED BELOW).

<PAGE>

         2.       Engagement. The Company hereby engages Services Provider to
provide the Services (as defined below) to the Company, and Services Provider
hereby agrees to provide the Services to the Company, all on the terms and
conditions set forth herein. The Company understands and agrees that if Services
Provider is asked to furnish the Company a financial opinion letter or act for
the Company in any other formal capacity, such further action shall not be
covered by this Agreement and shall be subject to a separate agreement
containing terms and conditions to be mutually agreed upon by the Company and
Services Provider.

         3.       Services. Services Provider hereby agrees during the term of
this engagement to consult with the Board of Directors of the Company (the
"Board of Directors") in such manner and on such business and financial services
as may be reasonably requested from time to time by the Board of Directors,
including, but not limited to, financial advisory, management advisory,
strategic planning, monitoring and other related services (collectively, the
"Services").

         4.       Personnel. Services Provider shall provide and devote to the
performance of this Agreement such directors, employees and agents of Services
Provider and/or its Affiliates as Services Provider shall deem appropriate for
the furnishing of the Services hereunder.

         5.       Compensation. As compensation for the Services to be rendered
by Services Provider to the Company pursuant to the terms hereof, the Company
shall pay to Wingate Management Limited III, LLC, an affiliate of Services
Provider and Purchaser ("Wingate Management") (or such other entity designated
by Services Provider), an annual, non-refundable fee of $400,000, payable
quarterly in advance in equal installments on the first Business Day of each
calendar quarter (the "Services Fee"). The first quarterly installment of the
Services Fee shall be due and payable on the date hereof and shall be computed
on the basis of a ninety (90) day quarterly period and the number of days
elapsed from and including the date hereof to and including March 31, 2004.
Notwithstanding the foregoing, in lieu of paying any quarterly installment of
the Services Fee, the Company may, at its option, delay payment of such
quarterly installment and accrue any unpaid portion thereof if (i) the Company
is restricted from paying such quarterly installment of the Services Fee under
the terms of the Senior Credit Facility or the Subordinated Notes or (ii) the
Board of Directors determines that the payment of such quarterly installment
would directly result in a default under the Senior Credit Facility or the
Subordinated Notes. All accrued and unpaid installments of the Services Fee
payable by the Company to Wingate Management (or such other entity designated by
Services Provider) under this Section 5 shall become immediately due and payable
upon the termination or expiration of this Agreement pursuant to Section 11
hereof.

         6.       Non-Refundable Fees. The Company and Services Provider hereby
agree that, once paid, the Services Fees or any part thereof payable hereunder
shall be deemed earned when paid and shall not be refundable under any
circumstances.

         7.       Reimbursement of Expenses. In addition to the compensation to
be paid to Wingate Management (or such other entity designated by Services
Provider) by the Company for the rendition of the Services pursuant to Section 5
hereof, the Company shall reimburse Wingate Management (or such other entity
designated by Services Provider), promptly following presentation of invoices or
reasonably detailed descriptions thereof, for all disbursements and expenses
incurred by Services Provider or its Affiliates or representatives (either
exclusively relating to the Company or jointly with respect to multiple
entities, in which case Services Provider or its Affiliate, as applicable, shall
invoice the Company for its allocable portion of such expenses) for the account
of the Company or in connection with the performance of the Services hereunder.
Such expenses shall include, but not be limited to, travel expenses, telephone
expenses, messenger and delivery fees, fees and expenses of counsel,
accountants, consultants and other advisors.

                                       2

<PAGE>

         8.       Acknowledgements. The parties hereto hereby acknowledge that
certain employees of Services Provider and/or its Affiliates may serve as
members of the Board of Directors. For the purposes of this Agreement, any
person that is both a member of the Board of Directors and an employee of
Services Provider and/or its Affiliates shall be referred to as an "SP Director"
during such time as such person holds both positions. With respect to each SP
Director, the parties hereby acknowledge and agree as follows:

                  (a)      Each SP Director will not be compensated by the
Company in connection with their services as members of the Board of Directors.
Each SP Director shall be compensated by Services Provider and/or its Affiliates
and shall not be entitled to any additional compensation for such services from
the Company;

                  (b)      In connection with any expenses incurred by each SP
Director in his capacity as a member of the Board of Directors, such SP Director
shall be entitled to reimbursement for such expenses from either (i) the
Services Provider and/or its Affiliates in his capacity as an employee of
Services Provider and/or its Affiliates and the Services Provider and/or its
Affiliates shall be entitled to reimbursement for such expenses from the Company
pursuant to Section 7 hereof or (ii) the Company in his capacity as a member of
the Board of Directors, but in no event shall the Company be responsible for
double reimbursement of such expenses; and

                  (c)      The services provided by each SP Director in his
capacity as a member of the Board of Directors may constitute Services under
this Agreement and shall, in most cases, be included within the Services to be
provided by Services Provider under the terms hereof; provided, however, that
nothing contained in this Agreement shall serve to modify, alter or expand any
of the fiduciary duties or any other applicable duties under law that each SP
Director is otherwise subject to in his capacity as a member of the Board of
Directors.

         9.       Liability. None of Services Provider, its Affiliates or any
officer, director, partner (general or limited), member, employee, agent,
attorney, successor or assign of Services Provider and/or its Affiliates shall
be liable to the Company or any of its Affiliates for any Losses arising out of,
relating to, or in connection with this Agreement or the performance of the
Services hereunder.

         10.      Indemnification. The Company shall indemnify, defend and hold
Services Provider, its Affiliates and each officer, director, partner (general
and limited), member, employee, agent, attorney, successor and assign of
Services Provider and/or its Affiliates (each, an "Indemnified Party") harmless
from and against all Losses arising out of, relating to, or in connection with
(i) this Agreement, (ii) the engagement or performance of the Services hereunder
or (iii) any actions taken or omitted to be taken (including, without
limitation, any untrue statements made or any statements omitted to be made) by
the Company. Promptly upon becoming aware of any fact, condition or event that
may give rise to a claim for indemnification under this Section 10, an
Indemnified Party shall give written notice (a "Claim Notice") to the Company
specifying the nature of the claim and, if possible, the amount or the estimated
amount thereof. No failure or delay in giving a Claim Notice and no failure to
include any specific information relating to a claim therein (such as the amount
or estimated amount thereof) shall relieve, limit or otherwise affect the
obligation of the Company to indemnify an Indemnified Party under this Section
10, unless such failure materially and adversely prejudices the Company. If any
such Losses relate to the commencement of any action or proceeding by a third
party, an Indemnified Party shall give a Claim Notice to the Company and the
Company shall thereafter be entitled to assume the defense thereof with counsel
reasonably satisfactory to such Indemnified Party; provided, however, that the
Company shall not agree to any settlement of any such action or proceeding
without the prior written consent of such Indemnified Party. The rights
conferred above shall not be exclusive of any other right

                                       3

<PAGE>

that an Indemnified Party may have or hereafter acquire under any statute, the
Amended Articles, the Amended Regulations or otherwise. As used herein, the term
"Losses" shall mean each and all of the following items: claims, losses
(including, without limitation, losses of earnings), liabilities, obligations,
payments, damages (actual, punitive or consequential), charges, judgments,
fines, penalties, amounts paid in settlement, costs and expenses (including,
without limitation, interest that may be imposed in connection therewith, costs
and expenses of investigation, actions, suits, proceedings, demands, assessments
and reasonable fees, expenses and disbursements of counsel, consultants and
other experts). THE COMPANY HEREBY ACKNOWLEDGES AND AGREES THAT THE FOREGOING
INDEMNITY SHALL BE APPLICABLE TO ANY LOSSES THAT HAVE RESULTED FROM OR ARE
ALLEGED TO HAVE RESULTED FROM THE ACTIVE OR PASSIVE OR THE SOLE, JOINT OR
CONCURRENT ORDINARY NEGLIGENCE OF SERVICES PROVIDER OR ANY OTHER INDEMNIFIED
PARTY.

         11.      Term. The term of this Agreement shall be eight (8) years from
the date hereof and shall automatically renew for one (1) year terms thereafter
unless either party delivers written notice to the other party to such effect at
least ninety (90) days before the end of the then current term.

         12.      Services Provider an Independent Contractor. Services Provider
and the Company hereby agree that Services Provider shall perform the Services
hereunder as an independent contractor, retaining control over and
responsibility for its own operations and personnel. Other than a SP Director
acting in his capacity as a member of the Board of Directors, none of Services
Provider nor any of its Affiliates shall be considered to be an employee or
agent of the Company as a result of this Agreement nor shall any of them have
authority to contract in the name of or bind the Company, except as expressly
agreed to in writing by the Company.

         13.      Governing Law. This Agreement shall be governed by and
construed under the laws of the State of Delaware, excluding the application of
any conflicts of laws principles that would require the application of the laws
of another state.

         14.      Assignment. This Agreement and all provisions contained herein
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns; provided, however, neither this Agreement nor
any of the rights, interests, or obligations hereunder shall be assigned by any
of the parties hereto without the prior written consent of the other party;
provided, further, that without the prior written consent of the Company,
Services Provider shall be entitled to assign its rights and obligations under
this Agreement to any of its Affiliates; provided, that any such Affiliate is,
in the reasonable judgment of the Company, qualified to render the Services.

         15.      Notices. All notices and other communications required or
permitted hereunder shall be in writing. Notices shall be delivered personally,
via recognized overnight courier (such as Federal Express, DHL or Airborne
Express) or via certified or registered mail, and shall be effective upon
receipt. Notices may be delivered via facsimile or e-mail, provided that by no
later than two days thereafter such notice is confirmed in writing and sent via
one of the methods described in the previous sentence. Notices shall be
addressed as follows:

                  (i)      if to Services Provider, to

                                        Wingate Partners III, L.P.
                                        750 N. St. Paul Street
                                        Suite 1200
                                        Dallas, Texas 75201
                                        Attention: James A. Johnson
                                        Facsimile No.: (214) 871-8799

                                       4

<PAGE>

                                        with a copy to

                                        Haynes and Boone, LLP
                                        901 Main Street, Suite 3100
                                        Dallas, Texas 75202
                                        Attention: Thomas H. Yang, Esq.
                                        Facsimile No.: (214) 200-0641

                  (ii)     if to the Company, to

                                        Corrpro Companies, Inc.
                                        1090 Enterprise Drive
                                        Medina, Ohio 44256
                                        Attention: John D. Moran, Esq.
                                        Facsimile No.: (330) 723-0244

                                        with a copy to:

                                        Hahn, Loeser & Parks, LLP
                                        3300 BP Tower
                                        200 Public Square
                                        Cleveland, Ohio 44114
                                        Attention:  F. Ronald O'Keefe, Esq.
                                        Facsimile No. (216) 241-2824

         16.      Amendment. This Agreement may be amended or modified only upon
the written consent of the Company (acting by and through a majority of the
members of the Board of Directors who are not officers, directors, members or
employees of Purchaser or its Affiliates (other than the Company and its
Subsidiaries)) and Services Provider.

         17.      Execution. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this
Agreement, and all of which, when taken together, shall be deemed to constitute
one and the same Agreement. The exchange of copies of this Agreement and of
signature pages by facsimile transmission shall constitute effective execution
and delivery of this Agreement as to the parties and may be used in lieu of the
original Agreement for all purposes. Signatures of the parties transmitted by
facsimile shall be deemed to be their original signatures for any purpose
whatsoever.

         18.      Entire Agreement. This Agreement and the Purchase Agreement
embody the complete agreement and understanding between the parties and
supersede and preempt any prior agreements, understandings or representations by
or between the parties, written or oral, relating to the subject matter hereof.

         19.      Waiver or Breach. The waiver by either party of a breach of
any provision of this Agreement by the other party shall not operate or be
construed as a waiver of any subsequent breach of that provision or any other
provision hereof.

         20.      Survival. The provisions of Sections 6, 7, 8, 9, 10, 20 and
21, and the rights and obligations of the parties with respect thereto, shall
survive the termination or expiration of this Agreement. The provisions of
Section 5 of this Agreement, and the rights and obligations of the parties with
respect thereto, shall survive the termination or expiration of this Agreement
only with respect to any

                                       5

<PAGE>

accrued and unpaid compensation due to Services Provider pursuant thereto at the
time of such termination or expiration.

         21.      Third-Party Beneficiaries. The parties hereto expressly
acknowledge and agree that each of Services Provider's Affiliates, including,
but not limited to, Wingate Management and Wingate Affiliates III, L.P., an
affiliate of Services Provider and Purchaser ("Wingate Affiliates III"), shall
be an intended third-party beneficiary to this Agreement, shall be entitled to
the benefits of this Agreement as though a party hereto and shall be entitled to
directly enforce any rights in connection therewith.

                                  * * * * * * *

                                       6

<PAGE>

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

                                           CORRPRO COMPANIES, INC.

                                           By: /s/ Denise K. Patterson
                                               ---------------------------------
                                               Name: Denise K. Patterson
                                               Title: Asst. Sec.

                                           WINGATE PARTNERS III, L.P.

                                           By: Wingate Management Company III,
                                               L.P., its general partner

                                           By: Wingate Management Limited III,
                                               LLC, its general partner

                                           By: /s/ Jay I. Applebaum
                                               ---------------------------------
                                               Jay I. Applebaum
                                               Principal

<PAGE>

                                   SCHEDULE A

                                   CLOSING FEE

         The Closing Fee shall be payable in immediately available funds as
follows: (a) $17,128 to Wingate Affiliates III; (b) $407,872 to Wingate
Management; (c) $60,000 to American Capital Strategies, Ltd. and (d) $15,000 to
CapitalSource Finance LLC.

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