Document:

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                                                                     EXHIBIT 4.4

                                                                  EXECUTION COPY

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                                ROTO-ROOTER, INC.

                          8-3/4% Senior Notes Due 2011

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

                                    INDENTURE

                          Dated as of February 24, 2004

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

                       LaSalle Bank National Association,
                                   as Trustee

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<PAGE>

                              CROSS-REFERENCE TABLE

<TABLE>
<CAPTION>
        TIA                                                  Indenture
      Section                                                Section
      -------                                                -------
<S>                                                          <C>
310(a)(1)                  ............................       7.10
     (a)(2)                ............................       7.10
     (a)(3)                ............................       N.A.
     (a)(4)                ............................       N.A.
     (b)                   ............................       7.08; 7.10
     (c)                   ............................       N.A.
311(a)                     ............................       7.11
     (b)                   ............................       7.11
     (c)                   ............................       N.A.
312(a)                     ............................       2.05
     (b)                   ............................       10.03
     (c)                   ............................       10.03
313(a)                     ............................       7.06
     (b)(1)                ............................       7.06
     (b)(2)                ............................       7.06
     (c)                   ............................       10.02
     (d)                   ............................       7.06
314(a)                     ............................       4.02; 4.10; 10.02
     (b)                   ............................       N.A.
     (c)(1)                ............................       10.04
     (c)(2)                ............................       10.04
     (c)(3)                ............................       N.A.
     (d)                   ............................       N.A.
     (e)                   ............................       10.05
     (f)                   ............................       4.10
315(a)                     ............................       7.01
     (b)                   ............................       7.05; 10.02
     (c)                   ............................       7.01
     (d)                   ............................       7.01
     (e)                   ............................       6.11
316(a)(last sentence)                ..................       10.06
   (a)(1)(A)               ............................       6.05
     (a)(1)(B)             ............................       6.04
     (a)(2)                ............................       N.A.
     (b)                   ............................       6.07
317(a)(1)                  ............................       6.08
     (a)(2)                ............................       6.09
     (b)                   ............................       2.04
318(a)                     ............................       10.01
                          N.A. means Not Applicable.
</TABLE>

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Note:  This Cross-Reference Table shall not, for any purpose, be deemed to be
part of the Indenture.

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                 Page
<S>                                                                              <C>
                                   ARTICLE 1

                  Definitions and Incorporation by Reference

SECTION 1.01.   Definitions...................................................     1
SECTION 1.02.   Other Definitions.............................................    37
SECTION 1.03.   Incorporation by Reference of Trust Indenture Act.............    38
SECTION 1.04.   Rules of Construction.........................................    38

                                   ARTICLE 2

                                The Securities

SECTION 2.01.   Form and Dating...............................................    39
SECTION 2.02.   Execution and Authentication..................................    40
SECTION 2.03.   Registrar and Paying Agent....................................    41
SECTION 2.04.   Paying Agent To Hold Money in Trust...........................    41
SECTION 2.05.   Securityholder Lists..........................................    42
SECTION 2.06.   Transfer and Exchange.........................................    42
SECTION 2.07.   Replacement Securities........................................    43
SECTION 2.08.   Outstanding Securities........................................    43
SECTION 2.09.   Temporary Securities..........................................    44
SECTION 2.10.   Cancellation..................................................    44
SECTION 2.11.   Defaulted Interest............................................    44
SECTION 2.12.   CUSIP Numbers.................................................    45
SECTION 2.13.   Issuance of Additional Securities.............................    45

                                   ARTICLE 3

                                  Redemption

SECTION 3.01.   Notices to Trustee............................................    46
SECTION 3.02.   Selection of Securities to Be Redeemed........................    46
SECTION 3.03.   Notice of Redemption..........................................    46
SECTION 3.04.   Effect of Notice of Redemption................................    47
SECTION 3.05.   Deposit of Redemption Price...................................    48
SECTION 3.06.   Securities Redeemed in Part...................................    48

                                   ARTICLE 4

                                   Covenants

SECTION 4.01.   Payment of Securities.........................................    48
</TABLE>

                                        i
<PAGE>

<TABLE>
<S>                                                                               <C>
SECTION 4.02.   SEC Reports...................................................    48
SECTION 4.03.   Limitation on Indebtedness....................................    50
SECTION 4.04.   Limitation on Restricted Payments.............................    53
SECTION 4.05.   Limitation on Restrictions on Distributions from Restricted
                Subsidiaries..................................................    60
SECTION 4.06.   Limitation on Sales of Assets and Subsidiary Stock............    62
SECTION 4.07.   Limitation on Affiliate Transactions..........................    67
SECTION 4.08.   Limitation on Lines of Business...............................    69
SECTION 4.09.   Limitation on the Sale or Issuance of Capital Stock of
                Restricted Subsidiaries.......................................    69
SECTION 4.10.   Change of Control.............................................    70
SECTION 4.11.   Limitation on Liens...........................................    72
SECTION 4.12.   Limitation on Sale/Leaseback Transactions.....................    72
SECTION 4.13.   Limitation on Designation of Subsidiaries as Unrestricted
                Subsidiaries..................................................    73
SECTION 4.14.   Ratings.......................................................    76
SECTION 4.15.   Compliance Certificate........................................    76
SECTION 4.16.   Further Instruments and Acts..................................    77

                                    ARTICLE 5

                                Successor Company

SECTION 5.01.   When Company May Merge or Transfer Assets.....................    77

                                    ARTICLE 6

                              Defaults and Remedies

SECTION 6.01.   Events of Default.............................................    78
SECTION 6.02.   Acceleration..................................................    81
SECTION 6.03.   Other Remedies................................................    81
SECTION 6.04.   Waiver of Past Defaults.......................................    82
SECTION 6.05.   Control by Majority...........................................    82
SECTION 6.06.   Limitation on Suits...........................................    82
SECTION 6.07.   Rights of Holders to Receive Payment..........................    83
SECTION 6.08.   Collection Suit by Trustee....................................    83
SECTION 6.09.   Trustee May File Proofs of Claim..............................    83
SECTION 6.10.   Priorities....................................................    84
SECTION 6.11.   Undertaking for Costs.........................................    84
SECTION 6.12.   Waiver of Stay or Extension Laws..............................    85
</TABLE>

                                       ii
<PAGE>

<TABLE>
<S>                                                                              <C>
                                    ARTICLE 7

                                     Trustee

SECTION 7.01.   Duties of Trustee.............................................    85
SECTION 7.02.   Rights of Trustee.............................................    86
SECTION 7.03.   Individual Rights of Trustee..................................    87
SECTION 7.04.   Trustee's Disclaimer..........................................    87
SECTION 7.05.   Notice of Defaults............................................    88
SECTION 7.06.   Reports by Trustee to Holders.................................    88
SECTION 7.07.   Compensation and Indemnity....................................    88
SECTION 7.08.   Replacement of Trustee........................................    89
SECTION 7.09.   Successor Trustee by Merger...................................    90
SECTION 7.10.   Eligibility; Disqualification.................................    91
SECTION 7.11.   Preferential Collection of Claims Against Company.............    91

                                    ARTICLE 8

                       Discharge of Indenture; Defeasance

SECTION 8.01.   Discharge of Liability on Securities; Defeasance..............    91
SECTION 8.02.   Conditions to Defeasance......................................    92
SECTION 8.03.   Application of Trust Money....................................    94
SECTION 8.04.   Repayment to Company..........................................    94
SECTION 8.05.   Indemnity for Government Obligations..........................    94
SECTION 8.06.   Reinstatement.................................................    94

                                    ARTICLE 9

                                   Amendments

SECTION 9.01.   Without Consent of Holders....................................    95
SECTION 9.02.   With Consent of Holders.......................................    96
SECTION 9.03.   Compliance with Trust Indenture Act...........................    97
SECTION 9.04.   Revocation and Effect of Consents and Waivers.................    97
SECTION 9.05.   Notation on or Exchange of Securities.........................    98
SECTION 9.06.   Trustee To Sign Amendments....................................    98

                                   ARTICLE 10

                                  Miscellaneous

SECTION 10.01.  Trust Indenture Act Controls..................................    98
SECTION 10.02.  Notices.......................................................    99
</TABLE>

                                       iii
<PAGE>

<TABLE>
<S>                                                                              <C>
SECTION 10.03.  Communication by Holders with Other Holders...................    99
SECTION 10.04.  Certificate and Opinion as to Conditions Precedent............    99
SECTION 10.05.  Statements Required in Certificate or Opinion.................   100
SECTION 10.06.  When Securities Disregarded...................................   100
SECTION 10.07.  Rules by Trustee, Paying Agent and Registrar..................   101
SECTION 10.08.  Legal Holidays................................................   101
SECTION 10.09.  Governing Law.................................................   101
SECTION 10.10.  No Recourse Against Others....................................   101
SECTION 10.11.  Successors....................................................   101
SECTION 10.12.  Multiple Originals............................................   101
SECTION 10.13.  Table of Contents; Headings...................................   101

Exhibit 1 -     Form of Initial Security

Exhibit A -     Form of Exchange Security
</TABLE>

                                       iv
<PAGE>

                    INDENTURE dated as of February 24, 2004 between
               Roto-Rooter, Inc., a Delaware corporation (the "Company"), and
               LaSalle Bank National Association, a national banking
               association (the "Trustee").

          Each party agrees as follows for the benefit of the other parties and
for the equal and ratable benefit of the Holders of (a) the Company's 8-3/4%
Senior Notes Due 2011 issued on the date hereof (the "Original Securities"), (b)
any Additional Securities (as defined herein) that may be issued (all such
Securities in clauses (a) and (b) being referred to collectively as the "Initial
Securities") and (c) if and when issued pursuant to a registered exchange for
Initial Securities, the Company's 8-3/4% Senior Notes Due 2011 (the "Exchange
Securities", and together with the Initial Securities, the "Securities"):

                                    ARTICLE 1

                   DEFINITIONS AND INCORPORATION BY REFERENCE

          SECTION 1.01. DEFINITIONS.

          "Additional Assets" means:

          (1) any property or assets (other than Indebtedness and Capital Stock)
     to be used by the Company or a Restricted Subsidiary in a Permitted
     Business;

          (2) the Capital Stock of a Person that becomes a Restricted Subsidiary
     as a result of the acquisition of such Capital Stock by the Company or
     another Restricted Subsidiary; or

          (3) Capital Stock constituting a minority interest in any Person that
     at such time is a Restricted Subsidiary;

provided, however, that any such Restricted Subsidiary described in clauses (2)
or (3) above is primarily engaged in a Permitted Business.

<PAGE>
                                                                               2

          "Additional Securities" means, subject to the Company's compliance
with Section 4.03, 8-3/4% Senior Notes Due 2011 issued from time to time after
the Issue Date under the terms of this Indenture (other than pursuant to Section
2.06, 2.07, 2.09 or 3.06 of this Indenture and other than Exchange Securities
issued pursuant to an exchange offer for other Securities outstanding under this
Indenture).

          "Adjusted Consolidated Leverage Ratio" as of any date of determination
means the Consolidated Leverage Ratio, calculated on a pro forma basis after
giving effect to the designation of the Specified Subsidiary Group as
Unrestricted Subsidiaries (including for purposes of calculating Consolidated
Indebtedness and EBITDA) and to any sales of Capital Stock, refinancings of
Indebtedness or other transactions consummated concurrently with such
designation.

          "Affiliate" of any specified Person means any other Person, directly
or indirectly, controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
"control" when used with respect to any Person means the power to direct the
management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms
"controlling" and "controlled" have meanings correlative to the foregoing. For
purposes of Sections 4.06 and 4.07 only, "Affiliate" shall also mean any
beneficial owner of Capital Stock representing 5% or more of the total voting
power of the Voting Stock (on a fully diluted basis) of the Company or of rights
or warrants to purchase such Voting Stock (whether or not currently exercisable)
and any Person who would be an Affiliate of any such beneficial owner pursuant
to the first sentence hereof.

          "Applicable Premium" means, with respect to any Security on any
redemption date, the excess (but not less than zero) of (i) the present value at
such redemption date of all remaining scheduled payments of interest (excluding
accrued interest) and principal on such Security (discounted at the equivalent
of the Treasury Rate plus 50 basis points over (ii) the then outstanding
principal amount of such Security.

<PAGE>
                                                                               3

          "Asset Disposition" means any sale, lease, transfer or other
disposition (or series of related sales, leases, transfers or dispositions) by
the Company or any Restricted Subsidiary, including any disposition by means of
a merger, consolidation or similar transaction (each referred to for the
purposes of this definition as a "disposition"), of:

          (1) any shares of Capital Stock of a Restricted Subsidiary (other than
     directors' qualifying shares or shares required by applicable law to be
     held by a Person other than the Company or a Restricted Subsidiary)

          (2) all or substantially all the assets of any division or line of
     business of the Company or any Restricted Subsidiary or

          (3) any other assets of the Company or any Restricted Subsidiary
     (other than Capital Stock of Unrestricted Subsidiaries) outside of the
     ordinary course of business of the Company or such Restricted Subsidiary

other than, in the case of (1), (2) and (3) above,

          (A) disposition by a Restricted Subsidiary to the Company or by the
     Company or a Restricted Subsidiary to a Restricted Subsidiary,

          (B) a disposition of directors' qualifying shares or shares required
     by applicable law to be held by a Person other than the Company or a
     Restricted Subsidiary,

          (C) a disposition of capital stock of the Specified Subsidiary
     pursuant to a Qualifying Subsidiary Stock Sale or Qualifying Subsidiary
     Stock Distribution if (x) the Net Cash Proceeds thereof are used to redeem
     Securities pursuant to the third paragraph of paragraph 5 of the Securities
     or (y) the Specified Subsidiary Group is then or has been designated as
     Unrestricted Subsidiaries in accordance with Section 4.13(b); provided
     that, notwithstanding the foregoing, if VHC is the Specified Subsidiary,
     any sale of Capital Stock of VHC following an initial Qualifying Subsidiary
     Stock Sale shall constitute an Asset Disposition to the extent that the
     aggregate Net

<PAGE>
                                                                               4

     Cash Proceeds of all such sales of Capital Stock of VHC (following such
     initial sale) exceed $25.0 million, unless at such time (x) the Company
     owns less than 50% of the Voting Stock of VHC or (y) the Company would own
     less than 50% of the Voting Stock as a result of such sale and the
     provisions set forth in Section 4.10 are complied with,

          (D) for purposes of Section 4.06 only, a disposition subject to
     Section 4.04, and

          (E) a disposition of assets with a Fair Market Value of less than
     $100,000.

          "Attributable Debt" in respect of a Sale/Leaseback Transaction means,
as at the time of determination, the present value (discounted at the interest
rate borne by the Securities, compounded annually) of the total obligations of
the lessee for rental payments during the remaining term of the lease included
in such Sale/Leaseback Transaction (including any period for which such lease
has been extended).

          "Average Life" means, as of the date of determination, with respect to
any Indebtedness or Preferred Stock, the quotient obtained by dividing:

          (1) the sum of the products of the numbers of years from the date of
     determination to the dates of each successive scheduled principal payment
     of such Indebtedness or scheduled redemption or similar payment with
     respect to such Preferred Stock multiplied by the amount of such payment by

          (2) the sum of all such payments.

          "Board of Directors" means the Board of Directors of the Company or
any committee thereof duly authorized to act on behalf of the Board of Directors
of the Company.

          "Business Day" means each day which is not a Legal Holiday.

          "Capital Expenditures" means, without duplication, any expenditures
for any purchase or other acquisition of any asset which would be classified as
a fixed or capital asset on a consolidated balance sheet of

<PAGE>

                                                                               5

the Company and its Consolidated Restricted Subsidiaries prepared in accordance
with GAAP.

          "Capital Stock" of any Person means any and all shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or
interests in (however designated) equity of such Person, including any Preferred
Stock, but excluding any debt securities convertible into such equity.

          "Capitalized Lease Obligations" means an obligation that is required
to be classified and accounted for as a capitalized lease for financial
reporting purposes in accordance with GAAP, and the amount of Indebtedness
represented by such obligation shall be the capitalized amount of such
obligation determined in accordance with GAAP; and the Stated Maturity thereof
shall be the date of the last payment of rent or any other amount due under such
lease prior to the first date upon which such lease may be prepaid by the lessee
without payment of a penalty.

          "Change of Control" means the occurrence of any of the following
events:

          (1) any "person" or "group" (as such terms are used in Sections 13(d)
     and 14(d) of the Exchange Act), is or becomes the beneficial owner (as
     defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that, for
     purposes of this clause, such person or group shall be deemed to have
     "beneficial ownership" of all shares that any such person or group has the
     right to acquire, whether such right is exercisable immediately or only
     after the passage of time), directly or indirectly, of more than 50% of the
     total voting power of the Voting Stock of the Company;

          (2) the Company ceasing to be the beneficial owner (as defined in
     Rules 13(d)(3) and 13(d)(5) under the Exchange Act), directly or
     indirectly, of more than 50% of (i) the total voting power of the Voting
     Stock of Vitas or (ii) the total number of outstanding shares of Capital
     Stock of Vitas; or

          (3) during any period of two consecutive years, individuals who at the
     beginning of such period constituted the Board of Directors of the Company
     (together with any new directors whose election by the Board of Directors
     or whose nomination for election by

<PAGE>

                                                                               6

     the shareholders of the Company was approved by a vote of 66 2/3% of the
     directors of the Company then still in office who were either directors at
     the beginning of such period or whose election or nomination for election
     was previously so approved) cease for any reason to constitute a majority
     of the applicable board of directors then in office;

          (4) the adoption of a plan relating to the liquidation or dissolution
     of the Company; or

          (5) the merger or consolidation of the Company with or into another
     Person or the merger of another Person with or into the Company, or the
     sale, lease, transfer, conveyance or other disposition of all or
     substantially all the assets of the Company, to another Person and, in the
     case of any such merger or consolidation, other than a transaction
     following which holders of securities that represented 100% of the Voting
     Stock of the Company outstanding immediately prior to such transaction (or
     other securities into which such securities are converted as part of such
     merger or consolidation transaction) own directly or indirectly at least a
     majority of the voting power of the Voting Stock of the surviving Person in
     such merger or consolidation transaction immediately after such transaction
     and in substantially the same proportion as before the transaction.

          "Chemed Capital Trust" means Chemed Capital Trust, a Delaware
statutory business trust.

          "Chemed Preferred Securities" means the convertible trust preferred
securities of Chemed Capital Trust issued in exchange for shares of Company
capital stock pursuant to an exchange offer completed on February 1, 2000. As of
January 31, 2004, 522,149 Chemed Preferred Securities were outstanding.

          "Closing Date" means the date of this Indenture.

          "Closing Date Stock Award Plan" means the Company's employee stock
award plan in existence on the Closing Date.

          "Code" means the Internal Revenue Code of 1986, as amended.

<PAGE>

                                                                               7

          "Company" means the party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor and, for purposes of
any provision contained herein and required by the TIA, each other obligor on
the indenture securities.

          "Consolidated Capital Expenditures" means, with reference to any
period, the Capital Expenditures of the Company and its Consolidated Restricted
Subsidiaries calculated on a consolidated basis for such period.

          "Consolidated Current Maturities" means, with reference to any period,
all payments of principal due within twelve (12) calendar months on and after
the last day of such period with respect to all Consolidated Indebtedness of the
Company.

          "Consolidated Fixed Charge Coverage Ratio" for any period shall mean
the ratio of (i) EBITDA minus Consolidated Capital Expenditures to (ii)
Consolidated Interest Expense plus Consolidated Current Maturities during such
period plus cash dividends paid on the equity interests of the Company during
such period plus expenses for taxes paid or taxes accrued during such period,
all calculated for the Company and its Consolidated Restricted Subsidiaries on
a consolidated basis.

          "Consolidated Indebtedness" means, as of any date of determination,
the total Indebtedness of the Company and its Consolidated Restricted
Subsidiaries, without duplication, other than, at any time prior to January 1,
2005, the Trust Securities.

          "Consolidated Interest Expense" means, for any period, the total
interest expense of the Company and its Consolidated Restricted Subsidiaries,
plus, to the extent Incurred by the Company and its Consolidated Restricted
Subsidiaries in such period but not included in such interest expense, without
duplication:

          (1) interest expense attributable to Capitalized Lease Obligations and
     the interest expense attributable to leases constituting part of a
     Sale/Leaseback Transaction,

          (2) amortization of debt discount and debt issuance costs, provided
     that the fees paid by the Company to the lenders under the Credit Agreement
     and

<PAGE>

                                                                               8

     to the placement agent in connection with the offering and sale, on the
     Issue Date, of the Original Securities and the Floating Rate Notes shall
     not be included,

          (3) capitalized interest,

          (4) noncash interest expense,

          (5) commissions, discounts and other fees and charges attributable to
     letters of credit and bankers' acceptance financing,

          (6) interest accruing on any Indebtedness of any other Person to the
     extent such Indebtedness is Guaranteed by the Company or any Restricted
     Subsidiary,

          (7) net costs associated with Hedging Obligations (including
     amortization of fees),

          (8) dividends in respect of all Disqualified Stock of the Company and
     all Preferred Stock of any of the Subsidiaries of the Company, to the
     extent held by Persons other than the Company or a Wholly Owned Subsidiary;
     provided that regular, scheduled dividends on the Trust Securities declared
     or paid prior to January 1, 2005, shall not be included, and

          (9) the cash contributions to any employee stock ownership plan or
     similar trust to the extent such contributions are used by such plan or
     trust to pay interest or fees to any Person (other than the Company) in
     connection with Indebtedness Incurred by such plan or trust.

          Notwithstanding anything to the contrary herein, any premium paid in
connection with the repayment of Indebtedness of the Company in connection with
the Transactions and interest on the Trust Securities paid on or prior to
January 1, 2005 shall not be included in Consolidated Interest Expense.

          "Consolidated Leverage Ratio" as of any date of determination means
the ratio of:

          (1) Consolidated Indebtedness at such time to

<PAGE>

                                                                               9

          (2) the aggregate amount of EBITDA for the period of the most recent
     four consecutive fiscal quarters ending at least 45 days prior to the date
     of such determination;

provided, however, that:

               (A) if the Company or any Restricted Subsidiary has Incurred any
          Indebtedness since the beginning of such period that remains
          outstanding on such date of determination or if the transaction giving
          rise to the need to calculate the Consolidated Leverage Ratio is an
          Incurrence of Indebtedness, EBITDA for such period shall be calculated
          after giving effect on a pro forma basis to such Indebtedness as if
          such Indebtedness had been Incurred on the first day of such period
          and the discharge of any other Indebtedness repaid, repurchased,
          defeased or otherwise discharged with the proceeds of such new
          Indebtedness as if such discharge had occurred on the first day of
          such period,

               (B) if the Company or any Restricted Subsidiary has repaid,
          repurchased, defeased or otherwise discharged any Indebtedness since
          the beginning of such period or if any Indebtedness is to be repaid,
          repurchased, defeased or otherwise discharged (in each case other than
          Indebtedness Incurred under any revolving credit facility unless such
          Indebtedness has been permanently repaid and has not been replaced) on
          the date of the transaction giving rise to the need to calculate the
          Consolidated Leverage Ratio, EBITDA for such period shall be
          calculated on a pro forma basis as if such discharge had occurred on
          the first day of such period and as if the Company or such Restricted
          Subsidiary has not earned the interest income actually earned during
          such period in respect of cash or Temporary Cash Investments used to
          repay, repurchase, defease or otherwise discharge such Indebtedness,

               (C) if since the beginning of such period the Company or any
          Restricted Subsidiary shall have made any Asset Disposition, the
          EBITDA for such period shall be reduced by an amount equal

<PAGE>

                                                                              10

          to the EBITDA (if positive) directly attributable to the assets that
          are the subject of such Asset Disposition for such period or
          increased by an amount equal to the EBITDA (if negative) directly
          attributable thereto for such period,

               (D) if since the beginning of such period the Company or any
          Restricted Subsidiary (by merger or otherwise) shall have made an
          Investment in any Restricted Subsidiary (or any Person that becomes a
          Restricted Subsidiary) or an acquisition of assets, including any
          acquisition of assets occurring in connection with a transaction
          causing a calculation to be made hereunder, which constitutes all or
          substantially all of an operating unit of a business, EBITDA for such
          period shall be calculated after giving pro forma effect thereto
          (including the Incurrence of any Indebtedness) as if such Investment
          or acquisition occurred on the first day of such period,

               (E) if since the beginning of such period any Person (that
          subsequently became a Restricted Subsidiary or was merged with or into
          the Company or any Restricted Subsidiary since the beginning of such
          period) shall have Incurred any Indebtedness or discharged any
          Indebtedness or made any Asset Disposition or any Investment or
          acquisition of assets that would have required an adjustment pursuant
          to clause (C) or (D) above if made by the Company or a Restricted
          Subsidiary during such period, EBITDA for such period shall be
          calculated after giving pro forma effect thereto as if such
          Incurrence, discharge, Asset Disposition, Investment or acquisition of
          assets occurred on the first day of such period, and

               (F) if since the beginning of such period, the Specified
          Subsidiary Group has been designated as Unrestricted Subsidiaries,
          EBITDA for such period shall be calculated after giving pro forma
          effect thereto as if such designation occurred on the first day of
          such period.

          For purposes of this definition, whenever pro forma effect is to be
given to any calculation under this definition, the pro forma calculations shall
be determined

<PAGE>

                                                                              11

in good faith by a responsible financial or accounting Officer of the Company
and (i) shall comply, to the extent not inconsistent with the provisions of
this Indenture, with the requirements of Rule 11-02 of Regulation S-X of the
SEC and (ii) may include adjustments for operating expense reductions that
would be permitted by such Rule.

          If any Indebtedness bears a floating rate of interest and is being
given pro forma effect, the interest expense on such Indebtedness shall be
calculated as if the rate in effect on the date of determination had been the
applicable rate for the entire period (taking into account any Interest Rate
Agreement applicable to such Indebtedness if such Interest Rate Agreement has a
remaining term as at the date of determination in excess of 12 months).

          "Consolidated Net Income" means, for any period, the net income (loss)
of the Company and its Consolidated Subsidiaries for such period; provided,
however, that there shall not be included in such Consolidated Net Income:

          (1) any net income of any Person (other than the Company) if such
     Person is not a Restricted Subsidiary, except that:

               (A) subject to the limitations contained in clause (4) below, the
          Company's equity in the net income of any such Person for such period
          shall be included in such Consolidated Net Income up to the aggregate
          amount of cash actually distributed by such Person during such period
          to the Company or a Restricted Subsidiary as a dividend or other
          distribution (subject, in the case of a dividend or other distribution
          made to a Restricted Subsidiary, to the limitations contained in
          clause (3) below) and

               (B) the Company's equity in a net loss of any such Person for
          such period shall be included in determining such Consolidated Net
          Income;

          (2) any net income (or loss) of any Person acquired by the Company or
     a Subsidiary of the Company in a pooling of interests transaction for any
     period prior to the date of such acquisition;

          (3) any net income (or loss) of any Restricted Subsidiary if such
     Restricted Subsidiary is subject to

<PAGE>

     restrictions, directly or indirectly, on the payment of dividends or the
     making of distributions by such Restricted Subsidiary, directly or
     indirectly, to the Company, except that:

               (A) subject to the limitations contained in clause (4) below, the
          Company's equity in the net income of any such Restricted Subsidiary
          for such period shall be included in such Consolidated Net Income up
          to the aggregate amount of cash permitted to be distributed by such
          Restricted Subsidiary during such period to the Company or another
          Restricted Subsidiary as a dividend or other distribution (subject, in
          the case of a dividend or other distribution made to another
          Restricted Subsidiary, to the limitation contained in this clause) and

               (B) the Company's equity in a net loss of any such Restricted
          Subsidiary for such period shall be included in determining such
          Consolidated Net Income;

          (4) any gain (but not loss) realized upon the sale or other
     disposition of any asset of the Company or its Consolidated Subsidiaries
     (including pursuant to any Sale/Leaseback Transaction) that is not sold or
     otherwise disposed of in the ordinary course of business and any gain (but
     not loss) realized upon the sale or other disposition of any Capital Stock
     of any Person;

          (5) the net after tax effect of any extraordinary gain or loss
     (including all fees and expenses related to such extraordinary gain or
     loss) or of any impairment loss on or writedown of goodwill; and

          (6) the cumulative effect of a change in accounting principles.

          Notwithstanding the foregoing, for the purpose of Sections 4.04 and
4.13 only, there shall be excluded from Consolidated Net Income any dividends,
repayments of loans or advances or other transfers of assets from Unrestricted
Subsidiaries to the Company or a Restricted Subsidiary to the extent such
dividends, repayments or transfers increase

<PAGE>

                                                                              13

the amount of Restricted Payments permitted under Section 4.04(a)(4)(C)(iv).

          "Consolidated Net Worth" means the total of the amounts shown on the
balance sheet of the Company and its Restricted Subsidiaries, determined on a
Consolidated basis, as of the end of the most recent fiscal quarter of the
Company ending at least 45 days prior to the taking of any action for the
purpose of which the determination is being made, as

          (1) the par or stated value of all outstanding Capital Stock of the
     Company plus,

          (2) paid-in capital or capital surplus relating to such Capital Stock
     plus,

          (3) any retained earnings or earned surplus less,

               (A) any accumulated deficit, and

               (B) any amounts attributable to Disqualified Stock.

          "Consolidation" means the consolidation of the accounts of each of the
Restricted Subsidiaries with those of the Company in accordance with GAAP
consistently applied; provided, however, that "Consolidation" will not include
consolidation of the accounts of any Unrestricted Subsidiary, but the interest
of the Company or any Restricted Subsidiary in an Unrestricted Subsidiary will
be accounted for as an investment. The term "Consolidated" has a correlative
meaning.

          "Credit Agreement" means the credit agreement dated as of February 24,
2004, among the Company, Bank One, NA and others, together with any guarantees,
collateral documents, instruments and agreements executed in connection
therewith, in each case, as amended, restated, supplemented, waived, replaced
(whether or not upon termination, and whether with the original lenders or
otherwise), refinanced, restructured or otherwise modified from time to time
(except to the extent that any such amendment, restatement, supplement, waiver,
replacement, refinancing, restructuring or other modification thereto would be
prohibited by the terms of this Indenture, unless otherwise agreed to by the
Holders of at least a majority

<PAGE>

                                                                              14

in aggregate principal amount of Securities at the time outstanding).

          "Currency Agreement" means with respect to any Person any foreign
exchange contract, currency swap agreements or other similar agreement or
arrangement to which such Person is a party or of which it is a beneficiary.

          "Customary Transition Agreement" means any agreement to which both (x)
the Company or any of its Restricted Subsidiaries and (y) any Person that is
part of the Specified Subsidiary Group (or any director or officer of any such
Person) is a party, which is entered into in connection with the carve out, spin
off or split off of the Specified Subsidiary Group from the Company, including
any agreement that provides for the sale, transfer, disposition or allocation of
assets and liabilities (including contingent and tax liabilities and including
indemnification arrangements in connection therewith), the sale or disposition
of capital stock of the Specified Subsidiary Group (including underwriting
agreements), the provision of transition services (including administrative,
tax, accounting and insurance services) or the licensing or leasing of property
(such as intellectual property or real property); provided that:

          (1) the Specified Subsidiary Group is (or has been) designated as
     Unrestricted Subsidiaries as permitted by Section 4.13;

          (2) such agreements are customary in carve out, spin off or split off
     transactions; and

          (3) the terms of such agreements, taken as a whole, are fair to the
     Company and its Restricted Subsidiaries.

          "Default" means any event which is, or after notice or passage of time
or both would be, an Event of Default.

          "Disqualified Stock" means, with respect to any Person, any Capital
Stock which by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable or exercisable) or upon the
happening of any event:

<PAGE>

                                                                              15

          (1) matures or is mandatorily redeemable pursuant to a sinking fund
     obligation or otherwise,

          (2) is convertible or exchangeable for Indebtedness or Disqualified
     Stock (excluding Capital Stock convertible or exchangeable solely at the
     option of the Company or a Restricted Subsidiary; provided, however, that
     any such conversion or exchange shall be deemed an Incurrence of
     Indebtedness or Disqualified Stock, as applicable) or

          (3) is redeemable at the option of the holder thereof, in whole or in
     part,

in the case of each of clauses (1), (2) and (3), on or prior to the first
anniversary of the Stated Maturity of the Securities; provided, however, that
any Capital Stock that would not constitute Disqualified Stock but for
provisions thereof giving holders thereof the right to require such Person to
repurchase or redeem such Capital Stock upon the occurrence of an "asset sale"
or "change of control" occurring prior to the first anniversary of the Stated
Maturity of the Securities shall not constitute Disqualified Stock if the
"asset sale" or "change of control" provisions applicable to such Capital
Stock are not more favorable to the holders of such Capital Stock than the
provisions applicable to the Securities in Sections 4.06 and 4.10.

          "EBITDA" for any period means the Consolidated Net Income for such
period, plus, without duplication, the following to the extent deducted in
calculating such Consolidated Net Income:

          (1) income tax expense of the Company and its Consolidated Restricted
     Subsidiaries,

          (2) Consolidated Interest Expense,

          (3) depreciation expense of the Company and its Consolidated
     Restricted Subsidiaries,

          (4) amortization expense of the Company and its Consolidated
     Restricted Subsidiaries (including amortization recorded in connection with
     the application of Financial Accounting Standard No. 142 (Goodwill and
     Other Intangibles)),

<PAGE>

                                                                              16

          (5) payments made in connection with the Non-Competition and
     Consulting Agreement dated as of December 18, 2003, between the Company and
     Hugh Westbrook (the "Westbrook Agreement") in the amount of $25.0 million
     and transaction fees and expenses paid in connection with the Transactions,

          (6) any severance payments related to the acquisition of Vitas, as
     contemplated by the Private Placement Memorandum and not to exceed $14.5
     million, plus any related employment taxes and employee benefit charges,

          (7) dividends, distributions and payments not in excess of $2.8
     million under the Closing Date Stock Award Plan, and

          (8) all other noncash charges of the Company and its Consolidated
     Restricted Subsidiaries (excluding any such noncash charge to the extent it
     represents an accrual of or reserve for cash expenditures in any future
     period) less all non-cash items of income of the Company and its
     Consolidated Restricted Subsidiaries,

in each case for such period.

          Notwithstanding the foregoing, the provision for taxes based on the
income or profits of, and the depreciation and amortization and noncash charges
of, a Restricted Subsidiary of the Company shall be added to Consolidated Net
Income to compute EBITDA only to the extent (and in the same proportion) that
the net income (loss) of such Restricted Subsidiary was included in calculating
Consolidated Net Income and only if a corresponding amount would be permitted at
the date of determination to be dividended to the Company by such Restricted
Subsidiary without prior approval (that has not been obtained), pursuant to the
terms of its charter and all agreements, instruments, judgments, decrees,
orders, statutes, rules and governmental regulations applicable to such
Restricted Subsidiary or its stockholders.

          "Equity Offering" means a public or private offering of Capital Stock
of the Company pursuant to an effective registration statement under the
Securities Act or pursuant to an exemption to the registration requirements
under the Securities Act.

<PAGE>

                                                                              17

          "Exchange Act" means the Securities Exchange Act of 1934, as amended.

          "Exchange Securities" means the debt securities of the Company issued
pursuant to this Indenture in exchange for, and in an aggregate principal amount
equal to, the Initial Securities, in compliance with the terms of the
Registration Rights Agreement.

          "Fair Market Value" means, with respect to any asset or property, the
price which could be negotiated in an arm's-length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is
under undue pressure or compulsion to complete the transaction. For all purposes
of this Indenture, the Fair Market Value of property or assets which involve an
aggregate amount in excess of $25.0 million shall be set forth in a resolution
approved by the Board of Directors in good faith; provided that for property or
assets, other than cash, Indebtedness or readily marketable securities, in an
aggregate amount in excess of $50.0 million, Fair Market Value shall be
determined in writing by a nationally recognized appraisal or investment banking
firm.

          "Floating Rate Notes" means the Floating Rate Senior Secured Notes due
2010 issued by the Company under the Indenture dated as of February 24, 2004,
between the Company, certain of its subsidiaries and Wells Fargo Bank, N.A., as
trustee, and any exchange notes issued under such indenture.

          "GAAP" means generally accepted accounting principles in the United
States of America as in effect as of the Closing Date, including those set forth
in:

          (1) the opinions and pronouncements of the Accounting Principles Board
     of the American Institute of Certified Public Accountants,

          (2) statements and pronouncements of the Financial Accounting
     Standards Board,

          (3) such other statements by such other entities as approved by a
     significant segment of the accounting profession, and

          (4) the rules and regulations of the SEC governing the inclusion of
     financial statements

<PAGE>

                                                                              18

     (including pro forma financial statements) in periodic reports required
     to be filed pursuant to Section 13 of the Exchange Act, including opinions
     and pronouncements in staff accounting bulletins and similar written
     statements from the accounting staff of the SEC.

          All ratios and computations based on GAAP contained in this Indenture
shall be computed in conformity with GAAP.

          "Guarantee" means any obligation, contingent or otherwise, of any
Person directly or indirectly guaranteeing any Indebtedness or other obligation
of any other Person and any obligation, direct or indirect, contingent or
otherwise, of such Person:

          (1) to purchase or pay (or advance or supply funds for the purchase or
     payment of) such Indebtedness or other obligation of such other Person
     (whether arising by virtue of partnership arrangements, or by agreements to
     keep-well, to purchase assets, goods, securities or services, to
     take-or-pay, or to maintain financial statement conditions or otherwise) or

          (2) entered into for purposes of assuring in any other manner the
     obligee of such Indebtedness or other obligation of the payment thereof or
     to protect such obligee against loss in respect thereof (in whole or in
     part);

provided, however, that the term "Guarantee" shall not include endorsements for
collection or deposit in the ordinary course of business. The term "Guarantee"
used as a verb has a corresponding meaning. The term "Guarantor" shall mean any
Person Guaranteeing any obligation.

          "Hedging Obligations" of any Person means the obligations of such
Person pursuant to any Interest Rate Agreement or Currency Agreement.

          "Holder" or "Securityholder" means the Person in whose name a Security
is registered on the Registrar's books.

          "Incur" means issue, assume, Guarantee, incur or otherwise become
liable for; provided, however, that any

<PAGE>

                                                                              19

Indebtedness or Capital Stock of a Person existing at the time such Person
becomes a Subsidiary (whether by merger, consolidation, acquisition or
otherwise) shall be deemed to be Incurred by such Person at the time it
becomes a Subsidiary. The term "Incurrence" when used as a noun shall have a
correlative meaning. Solely for purposes of determining compliance with
Section 4.03:

          (1) amortization of debt discount or the accretion of principal with
     respect to a non-interest bearing or other discount security;

          (2) the payment of regularly scheduled interest in the form of
     additional Indebtedness of the same instrument or the payment of regularly
     scheduled dividends on Capital Stock (other than Disqualified Stock) in the
     form of additional Capital Stock of the same class and with the same terms;
     and

          (3) the obligation to pay a premium in respect of Indebtedness arising
     in connection with the issuance of a notice of redemption or the making of
     a mandatory offer to purchase such Indebtedness

will not be deemed to be the Incurrence of Indebtedness.

          "Indebtedness" means, with respect to any Person on any date of
determination, without duplication:

          (1) the principal of and premium (if any) in respect of indebtedness
     of such Person for borrowed money;

          (2) the principal of and premium (if any) in respect of obligations of
     such Person evidenced by bonds, debentures, notes or other similar
     instruments;

          (3) all obligations of such Person in respect of letters of credit or
     other similar instruments (including reimbursement obligations with respect
     thereto but excluding obligations in respect of letters of credit securing
     obligations (other than obligations in clauses (1), (2), (4) or (5) hereof)
     entered into in the ordinary course of business of such Person to the
     extent such letters of credit are not drawn upon or, if and to the extent
     drawn upon, such drawing is reimbursed no later than the tenth

<PAGE>

                                                                              20

     Business Day following payment on the letter of credit);

          (4) all obligations of such Person to pay the deferred and unpaid
     purchase price of property or services (except Trade Payables or other
     obligations arising in the ordinary course of business), which purchase
     price is due more than six months after the date of placing such property
     in service or taking delivery and title thereto or the completion of such
     services;

          (5) all Capitalized Lease Obligations and all Attributable Debt of
     such Person;

          (6) the amount of all obligations of such Person with respect to the
     redemption, repayment or other repurchase of any Disqualified Stock or,
     with respect to any Subsidiary of such Person, any Preferred Stock (but
     excluding, in each case, any accrued dividends);

          (7) all Indebtedness of other Persons secured by a Lien on any asset
     of such Person, whether or not such Indebtedness is assumed by such Person;
     provided, however, that the amount of Indebtedness of such Person shall be
     the lesser of:

               (A) the Fair Market Value of such asset at such date of
          determination and

               (B) the amount of such Indebtedness of such other Persons;

          (8) all net obligations of such person in respect of Interest Rate
     Agreements or Currency Agreements; and

          (9) all obligations of the type referred to in clauses (i) through
     (viii) of other Persons and all dividends of other Persons for the payment
     of which, in either case, such Person is responsible or liable, directly or
     indirectly, as obligor, guarantor or otherwise, including by means of any
     Guarantee.

          The amount of Indebtedness of any Person at any date shall be the
outstanding balance at such date of all unconditional obligations as described
above and the maximum liability, upon the occurrence of the contingency

<PAGE>

                                                                              21

giving rise to the obligation, of any contingent obligations at such date.

          "Interest Period" means, for any interest payment date, a period from
and including the preceding interest payment date to but excluding such interest
payment date, provided, however, that the initial Interest Period will be the
period from and including the series issuance date to but excluding the August
15, 2004 interest payment date.

          "Interest Rate Agreement" means with respect to any Person any
interest rate protection agreement, interest rate future agreement, interest
rate option agreement, interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate hedge agreement or
other similar agreement or arrangement to which such Person is party or of which
it is a beneficiary.

          "Investment" in any Person means any direct or indirect advance, loan
(other than advances to customers in the ordinary course of business that are
recorded as accounts receivable on the balance sheet of the lender) or other
extension of credit (including by way of Guarantee or similar arrangement) or
capital contribution to (by means of any transfer of cash or other property to
others or any payment for property or services for the account or use of
others), or any purchase or acquisition of Capital Stock, Indebtedness or other
similar instruments issued by such Person. Except as otherwise provided for
herein, the amount of an Investment shall be its fair value at the time the
Investment is made and without giving effect to subsequent changes in value. For
purposes of the definition of "Unrestricted Subsidiary" and Section 4.04:

          (1) "Investment" shall include the portion (proportionate to the
     Company's equity interest in such Subsidiary) of the Fair Market Value of
     the net assets of any Subsidiary of the Company at the time that such
     Subsidiary is designated an Unrestricted Subsidiary; provided, however,
     that upon a redesignation of such Subsidiary as a Restricted Subsidiary,
     the Company shall be deemed to continue to have a permanent "Investment" in
     an Unrestricted Subsidiary in an amount (if positive) equal to:

               (A) the Company's "Investment" in such Subsidiary at the time of
          such redesignation less

<PAGE>

                                                                              22

               (B) the portion (proportionate to the Company's equity interest
          in such Subsidiary) of the Fair Market Value of the net assets of such
          Subsidiary at the time of such redesignation; and

          (2) any property transferred to or from an Unrestricted Subsidiary
     shall be valued at its Fair Market Value at the time of such transfer.

          "Issue Date" means February 24, 2004.

          "Legal Holiday" means a Saturday, Sunday or other day on which banking
institutions are not required by law or regulation to be open in the State of
Illinois.

          "Lien" means any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind (including any conditional sale or other title
retention agreement or lease in the nature thereof).

          "Net Available Cash" from an Asset Disposition means cash payments
received (including any cash payments received by way of deferred payment of
principal pursuant to a note or installment receivable or otherwise and proceeds
from the sale or other disposition of any securities received as consideration,
but only as and when received, but excluding any other consideration received in
the form of assumption by the acquiring Person of Indebtedness or other
obligations relating to the properties or assets that are the subject of such
Asset Disposition or received in any other noncash form) therefrom, in each case
net of:

          (1) all legal, accounting, investment, banking, title and recording
     tax expenses, commissions and other fees and expenses incurred, and all
     Federal, state, provincial, foreign and local taxes required to be paid or
     accrued as a liability under GAAP, as a consequence of such Asset
     Disposition,

          (2) all payments made on any Indebtedness other than Indebtedness
     under the indenture for the Floating Rate Notes and the Credit Agreement
     which is secured by any assets subject to such Asset Disposition, in
     accordance with the terms of any Lien upon or other security agreement of
     any kind with respect to such assets, or which must by its terms, or in
     order to obtain a consent to such Asset Disposition, or by

<PAGE>

                                                                              23

     applicable law be repaid out of the proceeds from such Asset Disposition,

          (3) all distributions and other payments required to be made to
     minority interest holders in Subsidiaries or joint ventures as a result of
     such Asset Disposition and

          (4) appropriate amounts to be provided by the seller as a reserve, in
     accordance with GAAP, against any liabilities associated with the property
     or other assets disposed of in such Asset Disposition and retained by the
     Company or any Restricted Subsidiary after such Asset Disposition or
     liabilities under indemnification obligations associated with such Asset
     Disposition or any purchase price adjustments.

          "Net Cash Proceeds", with respect to any issuance or sale of Capital
Stock, means the cash proceeds of such issuance or sale net of attorneys' fees,
accountants' fees, underwriters' or placement agents' fees, discounts or
commissions and brokerage, consultant and other fees actually incurred in
connection with such issuance or sale and net of taxes paid or payable as a
result thereof.

          "Non-Recourse Debt" means Indebtedness as to which neither the Company
nor any Restricted Subsidiary (a) provides any Guarantee or credit support of
any kind (including any undertaking, guarantee, indemnity, agreement or
instrument that would constitute Indebtedness) or (b) is directly or indirectly
liable (as guarantor or otherwise); and (c) as to which there is no recourse
against any of the assets of the Company or its Restricted Subsidiaries (other
than assets or Capital Stock of Unrestricted Subsidiaries, provided however,
that Indebtedness of an Unrestricted Subsidiary which consists of a Guarantee of
Indebtedness of the Company or a Restricted Subsidiary to a Person other than an
Unrestricted Subsidiary, or a lien on property or stock of an Unrestricted
Subsidiary that secures Indebtedness of the Company or a Restricted Subsidiary
to a Person other than an Unrestricted Subsidiary, shall be deemed to constitute
Non-Recourse Debt as long as the Unrestricted Subsidiary does not have recourse
against the Company or a Restricted Subsidiary under such Indebtedness.

          "Officer" means the Chairman of the Board, the Chief Executive
Officer, the Chief Financial Officer, the

<PAGE>

                                                                              24

President, any Vice President, the Treasurer or the Secretary of the Company.

          "Officers' Certificate" means a certificate signed by two Officers.

          "Opinion of Counsel" means a written opinion from legal counsel who is
acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company or the Trustee.

          "Permitted Business" means any business engaged in by the Company or
any Restricted Subsidiary on the Closing Date and any related, ancillary or
complementary business.

          "Permitted Investment" means an Investment by the Company or any
Restricted Subsidiary in:

          (1) the Company, a Restricted Subsidiary or a Person that will, upon
     the making of such Investment, become a Restricted Subsidiary; provided,
     however, that the primary business of such Restricted Subsidiary is a
     Permitted Business;

          (2) another Person if as a result of such Investment such other Person
     is merged or consolidated with or into, or transfers or conveys all or
     substantially all its assets to, the Company or a Restricted Subsidiary;
     provided, however, that such Person's primary business is a Permitted
     Business;

          (3) Temporary Cash Investments;

          (4) receivables owing to the Company or any Restricted Subsidiary if
     created or acquired in the ordinary course of business and payable or
     dischargeable in accordance with customary trade terms; provided, however,
     that such trade terms may include such concessionary trade terms as the
     Company or any such Restricted Subsidiary deems reasonable under the
     circumstances;

          (5) payroll, travel and similar advances to cover matters that are
     expected at the time of such advances ultimately to be treated as expenses
     for accounting purposes and that are made in the ordinary course of
     business;

<PAGE>

                                                                              25

<PAGE>

          (6) loans or advances to employees made in the ordinary course of
     business consistent with prudent practices and applicable law and not
     exceeding $2 million at any time outstanding;

          (7) stock, obligations or securities received in settlement of debts
     created in the ordinary course of business and owing to the Company or any
     Restricted Subsidiary or in satisfaction of judgments;

          (8) any Person to the extent such Investment represents the noncash
     portion of the consideration received for an Asset Disposition that was
     made pursuant to and in compliance with Section 4.06;

          (9) the Specified Subsidiary Group following any designation of the
     Specified Subsidiary Group as Unrestricted Subsidiaries pursuant to Section
     4.13;

          (10) any Person; provided, that the payment for such Investments
     consists solely of Capital Stock of the Company (other than Disqualified
     Stock);

          (11) any Person consisting of the licensing of intellectual property
     pursuant to joint ventures, strategic alliances or joint marketing
     arrangements with such Person, in each case made in the ordinary course of
     business;

          (12) a vendor or supplier consisting of loans or advances to such
     vendor or supplier in connection with any guarantees to the Company or any
     Restricted Subsidiary of supply by, or to fund the supply capacity of, such
     vendor or supplier, in any case not to exceed $2.0 million at any one time
     outstanding;

          (13) loans and other Investments in independent contractors and
     subcontractors of the Company or its Restricted Subsidiaries, not to exceed
     $4.0 million at any one time outstanding; or

          (14) any other Investments to the extent such Investments, when taken
     together with all other Investments made pursuant to this clause (14)
     outstanding on the date such Investment is made, do not exceed $5.0
     million.

<PAGE>

                                                                              26

          "Permitted Liens" means, with respect to any Person:

          (1) pledges or deposits by such Person under worker's compensation
     laws, unemployment insurance laws or similar legislation, or good faith
     deposits in connection with bids, tenders, contracts (other than for the
     payment of Indebtedness) or leases to which such Person is a party, or
     deposits to secure public or statutory obligations of such Person or
     deposits of cash or United States government bonds to secure surety or
     appeal bonds to which such Person is a party, or deposits as security for
     contested taxes or import duties or for the payment of rent, in each case
     Incurred in the ordinary course of business;

          (2) Liens imposed by law, such as landlords', carriers',
     warehousemen's and mechanics' Liens, in each case for sums not yet due or
     being contested in good faith by appropriate proceedings or other Liens
     arising out of judgments or awards against such Person with respect to
     which such Person shall then be proceeding with an appeal or other
     proceedings for review;

          (3) Liens for taxes, assessments or governmental charges or levies
     either not yet due or payable or subject to penalties for non-payment or
     which are being contested in good faith by appropriate proceedings;

          (4) Liens in favor of issuers of surety bonds or letters of credit
     issued pursuant to the request of and for the account of such Person in the
     ordinary course of its business; provided, however, that such letters of
     credit do not constitute Indebtedness;

          (5) minor survey exceptions, minor encumbrances, easements or
     reservations of, or rights of others for, licenses, rights-of-way, sewers,
     electric lines, telegraph and telephone lines and other similar purposes,
     or zoning or other restrictions as to the use of real property or Liens
     incidental to the conduct of the business of such Person or to the
     ownership of its properties which were not Incurred in connection with
     Indebtedness and which do not in the aggregate materially adversely affect
     the value of

<PAGE>

                                                                              27

said properties or materially impair their use in the operation of the business
of such Person;

          (6) Liens securing Indebtedness permitted to be Incurred pursuant to
     Section 4.03(b)(8); provided, however, that the Lien may not extend to any
     other property owned by such Person or any of its Subsidiaries at the time
     the Lien is Incurred;

          (7) Liens to secure Indebtedness permitted pursuant to paragraph (a)
     or clauses (1), (3)(B), (9) or (13) of Section 4.03(b) and other Credit
     Agreement Obligations;

          (8) Liens existing on the Closing Date;

          (9) Liens on property or shares of stock of another Person at the time
     such other Person becomes a Subsidiary of such Person; provided, however,
     that such Liens are not created, Incurred or assumed in connection with, or
     in contemplation of, such other Person becoming such a Subsidiary; provided
     further, however, that such Liens do not extend to any other property owned
     by such Person or any of its Subsidiaries;

          (10) Liens on property at the time such Person or any of its
     Subsidiaries acquires the property, including any acquisition by means of a
     merger or consolidation with or into such Person or any Subsidiary of such
     Person; provided, however, that such Liens are not created, Incurred or
     assumed in connection with, or in contemplation of, such acquisition;
     provided further, however, that the Liens do not extend to any other
     property owned by such Person or any of its Subsidiaries;

          (11) Liens securing obligations under Hedging Obligations so long as
     such obligations relate to Indebtedness permitted to be Incurred pursuant
     to Section 4.03 that is, and is permitted under this Indenture to be,
     secured by a Lien on the same property securing such obligations;

          (12) Liens to secure any Refinancing (or successive Refinancings) as a
     whole, or in part, of any Indebtedness secured by any Lien referred to in

<PAGE>

                                                                              28

the foregoing clauses (6), (7), (8), (9) or (10); provided, however, that:

               (A) such new Lien shall be limited to all or part of the same
          property that secured the original Lien (plus improvements to or on
          such property) and

               (B) the Indebtedness secured by such Lien at such time is not
          increased to any amount greater than the sum of:

                    (x) the outstanding principal amount or, if greater,
               committed amount of the Indebtedness secured by Liens described
               under clauses (6), (7), (8), (9) or (10) at the time the original
               Lien became a Permitted Lien under this Indenture and

                    (y) an amount necessary to pay any fees and expenses,
               including premiums, related to such Refinancings; and

          (13) Liens to secure Indebtedness permitted to be Incurred pursuant to
     Section 4.03 or other obligations in an aggregate principal amount which,
     when taken together with all other Indebtedness and obligations secured by
     Liens pursuant to this clause (13) and remaining outstanding, does not
     exceed $10.0 million at any time.

          "Person" means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust,
unincorporated organization, government or any agency or political subdivision
thereof or any other entity.

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

          "principal" of a Security means the principal of the Security plus the
premium, if any, payable on the

<PAGE>

                                                                              29

Security which is due or overdue or is to become due at the relevant time.

          "Private Placement Memorandum" means the Private Placement Memorandum
dated February 24, 2004, relating to the issuance by Roto-Rooter, Inc. of (i)
2,000,000 shares of Capital Stock, par value $1.00 per share, (ii) $110.0
million of Floating Rate Notes and (iii) $150.0 million of Securities.

          "Purchase Money Indebtedness" means Indebtedness:

          (1) consisting of the deferred purchase price of property, conditional
     sale obligations, obligations under any title retention agreement, other
     purchase money obligations and obligations in respect of industrial revenue
     bonds, in each case where the maturity of such Indebtedness does not exceed
     the anticipated useful life of the property being financed, and

          (2) Incurred to finance the acquisition, construction or lease by the
     Company or a Restricted Subsidiary of the property, including additions and
     improvements thereto;

     provided, however, that the Indebtedness is Incurred within 180 days
     after the acquisition, construction or lease of the property by the
     Company or Restricted Subsidiary.

          "Qualifying Subsidiary Stock Distribution" means a distribution by the
Company to its shareholders of the Capital Stock of RRM (if RRM is the Specified
Subsidiary) if after giving effect thereto (and to any transactions consummated
in connection therewith) (x) at least 10% of such Capital Stock (calculated on a
fully diluted basis) would be held by persons other than the Company, any
Subsidiary of the Company, any director or officer of any of the foregoing or
any employee stock ownership plan or other trust established by the Company or
any of its Subsidiaries; and (y) the Company has designated, or would then be
permitted to designate, the Specified Subsidiary Group as Unrestricted
Subsidiaries pursuant to the conditions set forth in Section 4.13.

          "Qualifying Subsidiary Stock Sale" means a sale of Capital Stock of
the Specified Subsidiary pursuant to an underwritten public offering or private
sale, whether by

<PAGE>

                                                                              30

means of a primary offering or a sale by the Company or any subsidiary
thereof, after which at least 10% of such Capital Stock (calculated on a fully
diluted basis) is held by persons other than the Company, a subsidiary of the
Company, a director or officer of any of the foregoing or any employee stock
ownership plan or other trust established by the Company or any of its
Subsidiaries. The exercise of an underwriter's overallotment option shall be
construed as part of the same Qualifying Subsidiary Stock Sale with respect to
which such option was granted.

          "Refinance" means, in respect of any Indebtedness, to refinance,
extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue
other Indebtedness exchange or replacement for, such Indebtedness. "Refinanced"
and "Refinancing" shall have correlative meanings.

          "Refinancing Indebtedness" means Indebtedness that is Incurred to
Refinance any Indebtedness of the Company or any Restricted Subsidiary existing
on the Closing Date or Incurred in compliance with this Indenture (including
Indebtedness of the Company that Refinances Refinancing Indebtedness); provided,
however, that:

          (1) the Refinancing Indebtedness has a Stated Maturity no earlier than
     the Stated Maturity of the Indebtedness being Refinanced;

          (2) the Refinancing Indebtedness has an Average Life at the time such
     Refinancing Indebtedness is Incurred that is equal to or greater than the
     Average Life of the Indebtedness being Refinanced;

          (3) such Refinancing Indebtedness is Incurred in an aggregate
     principal amount (or if issued with original issue discount, an aggregate
     issue price) that is equal to or less than the aggregate principal amount
     (or if issued with original issue discount, the aggregate accreted value)
     then outstanding of the Indebtedness being Refinanced; and

          (4) if the Indebtedness being Refinanced is contractually subordinated
     in right of payment to the Securities, such Refinancing Indebtedness is
     contractually subordinated in right of payment to the Securities at least
     to the same extent as the Indebtedness being Refinanced;

<PAGE>

                                                                              31

     provided further, however, that Refinancing Indebtedness shall not include:

          (A) Indebtedness of a Restricted Subsidiary that Refinances
     Indebtedness of the Company or

          (B) Indebtedness of the Company or a Restricted Subsidiary that
     Refinances Indebtedness of an Unrestricted Subsidiary.

          "Registration Rights Agreement" means the Registration Rights
Agreement dated as of February 24, 2004, among the Company, the initial Holders,
the initial holders of the Floating Rate Notes and certain other Persons.

          "Restricted Subsidiary" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

          "RRM" means Roto-Rooter Management Company or any successor thereto by
any merger or consolidation which is permitted under this Indenture ("RR
Management") or, at the election of the Company (which shall be specified in
writing to the Trustee) for purposes of the designation of the Specified
Subsidiary, RRM shall mean any Subsidiary of the Company of which RR Management
is a Wholly Owned Subsidiary and which owns no other assets other than assets
incidental to the ownership of RR Management.

          "Sale/Leaseback Transaction" means an arrangement relating to property
now owned or hereafter acquired by the Company or a Restricted Subsidiary
whereby the Company or a Restricted Subsidiary transfers such property to a
Person and the Company or such Restricted Subsidiary leases it from such Person,
other than leases between the Company and a Wholly Owned Subsidiary or between
Wholly Owned Subsidiaries.

          "SEC" means the Securities and Exchange Commission.

          "Secured Indebtedness" means any Indebtedness of the Company secured
by a Lien.

          "Senior Indebtedness" of the Company or any Subsidiary means the
principal of, premium (if any) and accrued and unpaid interest on (including
interest accruing on or after the filing of any petition in bankruptcy or for

<PAGE>

                                                                              32

reorganization of the Company or any Subsidiary, regardless of whether or not
a claim for post-filing interest is allowed in such proceedings), and fees and
other amounts owing in respect of, Indebtedness of the Company or any
Subsidiary, as applicable, whether outstanding on the Closing Date or
thereafter Incurred, unless in the instrument creating or evidencing the same
or pursuant to which the same is outstanding it is provided that such
obligations are subordinated in right of payment to the Securities; provided,
however, that Senior Indebtedness of the Company or any Subsidiary shall not
include:

          (1) any obligation of the Company to any Subsidiary of the Company or
     of such Subsidiary to the Company or any other Subsidiary of the Company;

          (2) any liability for Federal, state, local or other taxes owed or
     owing by the Company or such Subsidiary, as applicable;

          (3) any accounts payable or other liability to trade creditors arising
     in the ordinary course of business (including Guarantees thereof or
     instruments evidencing such liabilities);

          (4) any Indebtedness or obligation of the Company (and any accrued and
     unpaid interest in respect thereof) that by its terms is subordinate or
     junior in any respect to any other Indebtedness or obligation of the
     Company or such Subsidiary, as applicable, including any Senior
     Subordinated Indebtedness and any Subordinated Obligations of the Company
     or such Subsidiary, as applicable;

          (5) any obligations with respect to any Capital Stock; or

          (6) any Indebtedness Incurred in violation of this Indenture.

          "Significant Subsidiary" means any Restricted Subsidiary that would be
a "Significant Subsidiary" of the Company within the meaning of Rule 1-02 under
Regulation S-X promulgated by the SEC.

          "Specified Subsidiary" shall mean the Subsidiary of the Company that
is designated as the Specified Subsidiary pursuant to Section 4.13.

<PAGE>

                                                                              33

          "Specified Subsidiary Group" shall mean the Subsidiary of the Company
that is designated as the Specified Subsidiary pursuant to the covenant
described under Section 4.13, together with all Subsidiaries of such Person.

          "Stated Maturity" means, with respect to any security, the date
specified in such security as the fixed date on which the final payment of
principal of such security is due and payable, including pursuant to any
mandatory redemption provision (but excluding any provision providing for the
repurchase of such security at the option of the holder thereof upon the
happening of any contingency beyond the control of the issuer unless such
contingency has occurred).

          "Subordinated Chemed Debentures" means the Convertible Junior
Subordinated Debentures due 2030, issued by the Company pursuant to the
indenture dated as of February 7, 2000, between the Company and Firstar Bank,
National Association, as trustee.

          "Subordinated Obligation" means any Indebtedness of the Company
(whether outstanding on the Closing Date or thereafter Incurred) that is
subordinate or junior in right of payment to the Securities pursuant to a
written agreement.

          "Subsidiary" of any Person means any corporation, association,
partnership or other business entity of which more than 50% of the total voting
power of shares of Capital Stock or other interests (including partnership
interests) entitled (without regard to the occurrence of any contingency) to
vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by:

          (1) such Person,

          (2) such Person and one or more Subsidiaries of such Person or

          (3) one or more Subsidiaries of such Person.

          "Temporary Cash Investments" means any of the following:

<PAGE>
                                                                              34

          (1) any investment in direct obligations of the United States of
     America or any agency thereof or obligations Guaranteed by the United
     States of America or any agency thereof;

          (2) investments in time deposit accounts, certificates of deposit and
     money market deposits maturing within 180 days of the date of acquisition
     thereof issued by a bank or trust company that is organized under the laws
     of the United States of America, any state thereof or any foreign country
     recognized by the United States of America having capital, surplus and
     undivided profits aggregating in excess of $250,000,000 (or the foreign
     currency equivalent thereof) and whose long-term debt is rated "A" (or such
     similar equivalent rating) or higher by at least one nationally recognized
     statistical rating organization (as defined in Rule 436 under the
     Securities Act);

          (3) repurchase obligations with a term of not more than 30 days for
     underlying securities of the types described in clause (1) above entered
     into with a bank meeting the qualifications described in clause (2) above;

          (4) investments in commercial paper, maturing not more than 90 days
     after the date of acquisition, issued by a corporation (other than an
     Affiliate of the Company) organized and in existence under the laws of the
     United States of America or any foreign country recognized by the United
     States of America with a rating at the time as of which any investment
     therein is made of "P-1" (or higher) according to Moody's Investors
     Service, Inc. or "A-1" (or higher) according to Standard and Poor's Ratings
     Service, a division of The McGraw-Hill Companies, Inc. ("S & P"); and

          (5) investments in securities with maturities of six months or less
     from the date of acquisition issued or fully guaranteed by any state,
     commonwealth or territory of the United States of America, or by any
     political subdivision or taxing authority thereof, and rated at least "A"
     by S&P or "A" by Moody's Investors Service, Inc.

<PAGE>

                                                                              35

          "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. Sections
77aaa-77bbbb) as in effect on the date of this Indenture.

          "Trade Payables" means, with respect to any Person, any accounts
payable or any indebtedness or monetary obligation to trade creditors created,
assumed or Guaranteed by such Person arising in the ordinary course of business
in connection with the acquisition of goods or services.

          "Transactions" means, collectively, the following transactions, which
shall be consummated on or about the date of the closing of the offering of the
Original Securities: (i) the consummation of the merger of Vitas with and into
an indirect Wholly Owned Subsidiary of the Company pursuant to a merger
agreement dated as of December 18, 2003, among the Company, Vitas and Marlin
Merger Corp., (ii) the repayment of approximately $74.4 million of existing
indebtedness of Vitas, plus accrued interest thereon, (iii) the repayment of
approximately $29.4 million of existing indebtedness of the Company (including a
$3.0 million make whole premium), plus accrued interest thereon, (iv) the
assignment of the Westbrook Agreement by the Company to Vitas, the payment of
$25.0 million by Vitas to Hugh A. Westbrook pursuant to the Westbrook Agreement
and the performance of the other obligations under the Westbrook Agreement, (v)
the consummation of the offering and sale of Floating Rate Notes, the Original
Securities and Capital Stock of the Company and the execution and delivery of
notes, indentures and other agreements in connection therewith, (vi) the Company
and certain of its Subsidiaries entering into the Credit Agreement and the
borrowing on the Closing Date of $75.0 million thereunder (vii) the issuance or
deemed issuance of letters of credit under the Credit Agreement to replace or
backstop, or the cash collateralization of, letters of credit issued for the
account of the Company or any of its Subsidiaries or Vitas or any of its
Subsidiaries, (viii) the cancelation of a warrant held by the Company for shares
of Vitas stock and (ix) the payment of fees and expenses in connection with the
foregoing.

          "Treasury Rate" means the yield to maturity at the time of computation
of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) which
has become publicly available at

<PAGE>

                                                                              36

least two Business Days prior to the date fixed for redemption (or, if such
Statistical Release is no longer published, any publicly available source of
similar market data)) most nearly equal to the then remaining average life to
February 24, 2007, provided, however, that if the average life to February 24,
2007 of the Securities is not equal to the constant maturity of a United States
Treasury security for which a weekly average yield is given, the Treasury Rate
shall be obtained by linear interpolation (calculated to the nearest one-twelfth
of a year) from the weekly average yields of United States Treasury securities
for which such yields are given, except that if the average life to February 24,
2007, of the Securities is less than one year, the weekly average yield on
actually traded United States Treasury securities adjusted to a constant
maturity of one year shall be used.

          "Trustee" means the party named as such in the Indenture until a
successor replaces it and, thereafter, means the successor.

          "Trust Officer" means the Chairman of the Board, the President or any
other officer or assistant officer of the Trustee assigned by the Trustee to
administer its corporate trust matters.

          "Trust Securities" means the Chemed Preferred Securities, the
Subordinated Chemed Debentures and the guarantee by the Company to the holders
of the Chemed Preferred Securities of amounts payable thereunder.

          "Unrestricted Subsidiary" means:

          (1) any Subsidiary of the Company that at the time of determination
     shall be designated an Unrestricted Subsidiary by the Board of Directors in
     the manner provided in Section 4.13 and

          (2) any Subsidiary of an Unrestricted Subsidiary.

          "U.S. Government Obligations" means direct obligations (or
certificates representing an ownership interest in such obligations) of the
United States of America (including any agency or instrumentality thereof) for
the payment of which the full faith and credit of the United States of America
is pledged and which are not callable or redeemable at the issuer's option.

<PAGE>
                                                                              37

          "Vitas" means Vitas Healthcare Corporation or any successor thereto by
any merger, consolidation or other transaction which is permitted hereunder.

          "VHC" means Vitas or, at the election of the Company (which shall be
specified in writing to the Trustee) for purposes of the designation of the
Specified Subsidiary, VHC means any Wholly Owned Subsidiary of the Company of
which Vitas is a Subsidiary and which owns no other assets other than assets
incidental to the ownership of Vitas.

          "VNF" means Vitas of North Florida, Inc., a Florida not-for-profit
corporation and a Wholly Owned Subsidiary of Vitas.

          "Voting Stock" of a Person means all classes of Capital Stock or other
interests (including partnership interests) of such Person then outstanding and
normally entitled (without regard to the occurrence of any contingency) to vote
in the election of directors, managers or trustees thereof.

          "Westbrook Agreement" has the meaning assigned to such term in the
definition of "EBITDA".

          "Wholly Owned Subsidiary" means a Restricted Subsidiary of the Company
all the Capital Stock of which (other than directors' qualifying shares or
shares issued to third parties to the extent necessary to satisfy any licensing
requirements under applicable law with respect to the Company's or any of its
Subsidiaries' business) is owned by the Company or another Wholly Owned
Subsidiary.

          SECTION 1.02. OTHER DEFINITIONS.

<TABLE>
<CAPTION>
                                                                     Defined in
                                        Term                          Section
                                        ----                        -----------
<S>                                                                 <C>
"Affiliate Transaction".......................................      4.07(a)
"Bankruptcy Law"..............................................      6.01
"Change of Control Offer".....................................      4.09(b)
"covenant defeasance option"..................................      8.01(b)
"Custodian"...................................................      6.01
"Event of Default"............................................      6.01
"Initial Lien"................................................      4.11
"legal defeasance option".....................................      8.01(b)
"Offer".......................................................      4.06(b)
"Offer Amount"................................................      4.06(c)(2)
</TABLE>

<PAGE>

                                                                              38

<TABLE>
<S>                                                                 <C>
"Offer Period"................................................      4.06(c)(2)
"Paying Agent"................................................      2.03
"Purchase Date"...............................................      4.06(c)(1)
"Registrar"...................................................      2.03
"Successor Company"...........................................      5.01(a)(1)
</TABLE>

          SECTION 1.03. INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT. This
Indenture is subject to the mandatory provisions of the TIA which are
incorporated by reference in and made a part of this Indenture. The following
TIA terms have the following meanings:

          "Commission" means the SEC;

          "indenture securities" means the Securities;

          "indenture security holder" means a Securityholder;

          "indenture to be qualified" means this Indenture;

          "indenture trustee" or "institutional trustee" means the Trustee; and

          "obligor" on the indenture securities means the Company and any other
obligor on the indenture securities.

          All other TIA terms used in this Indenture that are defined by the
TIA, defined by TIA reference to another statute or defined by SEC rule have the
meanings assigned to them by such definitions.

          SECTION 1.04. RULES OF CONSTRUCTION. Unless the context otherwise
requires:

          (1) a term has the meaning assigned to it;

          (2) an accounting term not otherwise defined has the meaning assigned
     to it in accordance with GAAP;

          (3) "or" is not exclusive;

          (4) "including" means including without limitation;

          (5) words in the singular include the plural and words in the plural
     include the singular;

<PAGE>
                                                                              39

          (6) unsecured Indebtedness shall not be deemed to be subordinate or
     junior to secured Indebtedness merely by virtue of its nature as unsecured
     Indebtedness;

          (7) secured Indebtedness shall not be deemed to be subordinate or
     junior to any other secured Indebtedness merely because it has a junior
     priority with respect to the same collateral;

          (8) the principal amount of any noninterest bearing or other discount
     security at any date shall be the principal amount thereof that would be
     shown on a balance sheet of the issuer dated such date prepared in
     accordance with GAAP;

          (9) the principal amount of any Preferred Stock shall be (A) the
     maximum liquidation value of such Preferred Stock or (B) the maximum
     mandatory redemption or mandatory repurchase price with respect to such
     Preferred Stock, whichever is greater;

          (10) all references to the date the Securities were originally issued
     shall refer to the Issue Date; and

          (11) references to "interest" with respect to the Securities in this
     Indenture shall include any additional interest payable pursuant to the
     Registration Rights Agreement.

                                    ARTICLE 2

                                 THE SECURITIES

          SECTION 2.01. FORM AND DATING. Provisions relating to the Initial
Securities and the Exchange Securities are set forth in the Appendix attached
hereto (the "Appendix") which is hereby incorporated in, and expressly made part
of, this Indenture. The Initial Securities and the Trustee's certificate of
authentication thereof shall be substantially in the form of Exhibit 1 to the
Appendix which is hereby incorporated in, and expressly made a part of, this
Indenture. The Exchange Securities and the Trustee's certificate of
authentication thereof shall be substantially in the form of Exhibit A, which is
hereby incorporated in and expressly made a part of this Indenture. The
Securities may have notations, legends or

<PAGE>
                                                                              40

endorsements required by law, stock exchange rule, agreements to which the
Company is subject, if any, or usage (provided that any such notation, legend
or endorsement is in a form acceptable to the Company). Each Security shall be
dated the date of its authentication. The terms of the Securities set forth in
the Appendix and Exhibit A are part of the terms of this Indenture.

          SECTION 2.02. EXECUTION AND AUTHENTICATION. An Officer shall sign the
Securities for the Company by manual or facsimile signature.

          If an Officer whose signature is on a Security no longer holds that
office at the time the Trustee authenticates the Security, the Security shall be
valid nevertheless.

          A Security shall not be valid until an authorized signatory of the
Trustee manually signs the certificate of authentication on the Security. The
signature shall be conclusive evidence that the Security has been authenticated
under this Indenture.

          On the Issue Date, the Trustee shall authenticate and deliver $150.0
million of the Securities and, at any time and from time to time thereafter, the
Trustee shall authenticate and deliver Securities for original issue in an
aggregate principal amount specified in such order, in each case, upon a written
order of the Company signed by two Officers or by an Officer and either an
Assistant Treasurer or an Assistant Secretary of the Company. Such order shall
specify the amount of the Securities to be authenticated and the date on which
the original issue of Securities is to be authenticated and, in the case of an
issuance of Additional Securities pursuant to Section 2.13 after the Issue Date,
shall certify that such issuance is in compliance with Section 4.03. The
aggregate principal amount of Securities outstanding at any time may not exceed
$300.0 million except as provided in Section 2.07.

          The Trustee may appoint an authenticating agent reasonably acceptable
to the Company to authenticate the Securities. Unless limited by the terms of
such appointment, an authenticating agent may authenticate Securities whenever
the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has

<PAGE>

                                                                              41

the same rights as any Registrar, Paying Agent or agent for service of notices
and demands.

          SECTION 2.03. REGISTRAR AND PAYING AGENT. The Company shall maintain
an office or agency where Securities may be presented for registration of
transfer or for exchange (the "Registrar") and an office or agency where
Securities may be presented for payment (the "Paying Agent"). The Registrar
shall keep a register of the Securities and of their transfer and exchange. The
Company may have one or more co-registrars and one or more additional paying
agents. The term "Paying Agent" includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any
Registrar, Paying Agent or co-registrar not a party to this Indenture, which
shall incorporate the terms of the TIA. The agreement shall implement the
provisions of this Indenture that relate to such agent. The Company shall notify
the Trustee of the name and address of any such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be
entitled to appropriate compensation therefor pursuant to Section 7.07. The
Company or any Wholly Owned Subsidiary incorporated or organized within The
United States of America may act as Paying Agent, Registrar, co-registrar or
transfer agent.

          The Company initially appoints the Trustee as Registrar and Paying
Agent in connection with the Securities.

          SECTION 2.04. PAYING AGENT TO HOLD MONEY IN TRUST. Prior to each due
date of the principal and interest on any Security, the Company shall deposit
with the Paying Agent a sum sufficient to pay such principal and interest when
so becoming due. The Company shall require each Paying Agent (other than the
Trustee) to agree in writing that the Paying Agent shall hold in trust for the
benefit of Securityholders or the Trustee all money held by the Paying Agent for
the payment of principal of or interest on the Securities and shall notify the
Trustee of any default by the Company in making any such payment. If the Company
or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as
Paying Agent and hold it as a separate trust fund. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee and to account
for any funds disbursed by the

<PAGE>
                                                                              42

Paying Agent. Upon complying with this Section, the Paying Agent shall have no
further liability for the money delivered to the Trustee.

          SECTION 2.05. SECURITYHOLDER LISTS. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it
of the names and addresses of Securityholders. If the Trustee is not the
Registrar, the Company shall furnish to the Trustee, in writing at least five
Business Days before each interest payment date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of Securityholders.

          SECTION 2.06. TRANSFER AND EXCHANGE. The Securities shall be issued in
registered form and shall be transferable only upon the surrender of a Security
for registration of transfer. When a Security is presented to the Registrar or a
co-registrar with a request to register a transfer, the Registrar shall register
the transfer as requested if the requirements of this Indenture and Section
8-401(1) of the Uniform Commercial Code are met. When Securities are presented
to the Registrar or a co-registrar with a request to exchange them for an equal
principal amount of Securities of other denominations, the Registrar shall make
the exchange as requested if the same requirements are met. To permit
registration of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities at the Registrar's or co-registrar's
request. The Company may require payment of a sum sufficient to pay all taxes,
assessments or other governmental charges in connection with any transfer or
exchange pursuant to this Section (other than any such transfer taxes,
assessments or similar governmental charge payable upon exchange or transfer
pursuant to Sections 3.06, 4.10 and 9.05). The Company shall not be required to
make and the Registrar need not register transfers or exchanges of Securities
selected for redemption (except, in the case of Securities to be redeemed in
part, the portion thereof not to be redeemed) or any Securities for a period of
15 days before a selection of Securities to be redeemed or 15 days before an
interest payment date.

          Prior to the due presentation for registration of transfer of any
Security, the Company, the Trustee, the Paying Agent, the Registrar or any
co-registrar may deem

<PAGE>

                                                                              43

and treat the person in whose name a Security is registered as the absolute
owner of such Security for the purpose of receiving payment of principal of
and interest on such Security and for all other purposes whatsoever, whether
or not such Security is overdue, and none of the Company, the Trustee, the
Paying Agent, the Registrar or any co-registrar shall be affected by notice to
the contrary.

          All Securities issued upon any transfer or exchange pursuant to the
terms of this Indenture shall evidence the same debt and shall be entitled to
the same benefits under this Indenture as the Securities surrendered upon such
transfer or exchange.

          SECTION 2.07. REPLACEMENT SECURITIES. If a mutilated Security is
surrendered to the Registrar or if the Holder of a Security claims that the
Security has been lost, destroyed or wrongfully taken, the Company shall issue
and the Trustee shall authenticate a replacement Security if the requirements of
Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies
any other reasonable requirements of the Trustee. If required by the Trustee or
the Company, such Holder shall furnish an indemnity bond sufficient in the
judgment of the Company and the Trustee to protect the Company, the Trustee, the
Paying Agent, the Registrar and any co-registrar from any loss which any of them
may suffer if a Security is replaced. The Company and the Trustee may charge the
Holder for their expenses in replacing a Security.

          Every replacement Security is an additional Obligation of the Company.

          SECTION 2.08. OUTSTANDING SECURITIES. Securities outstanding at any
time are all Securities authenticated by the Trustee except for those canceled
by it, those delivered to it for cancellation and those described in this
Section as not outstanding. A Security does not cease to be outstanding because
the Company or an Affiliate of the Company holds the Security.

          If a Security is replaced pursuant to Section 2.07, it ceases to be
outstanding unless the Trustee and the Company receive proof satisfactory to
them that the replaced Security is held by a bona fide purchaser.

<PAGE>

                                                                              44

          If the Paying Agent segregates and holds in trust, in accordance with
this Indenture, on a redemption date or maturity date money sufficient to pay
all principal and interest payable on that date with respect to the Securities
(or portions thereof) to be redeemed or maturing, as the case may be, then on
and after that date such Securities (or portions thereof) cease to be
outstanding and interest on them ceases to accrue.

          SECTION 2.09. TEMPORARY SECURITIES. Until definitive Securities are
ready for delivery, the Company may prepare and the Trustee shall authenticate
temporary Securities. Temporary Securities shall be substantially in the form of
definitive Securities but may have variations that the Company considers
appropriate for temporary Securities. Without unreasonable delay, the Company
shall prepare and the Trustee shall authenticate definitive Securities and
deliver them in exchange for temporary Securities.

          SECTION 2.10. CANCELLATION. The Company at any time may deliver
Securities to the Trustee for cancellation. The Registrar and the Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee and no one else shall cancel and
destroy (subject to the record retention requirements of the Exchange Act) all
Securities surrendered for registration of transfer, exchange, payment or
cancellation and deliver a certificate of such destruction to the Company unless
the Company directs the Trustee to deliver canceled Securities to the Company.
The Company may not issue new Securities to replace Securities it has redeemed,
paid or delivered to the Trustee for cancellation.

          SECTION 2.11. DEFAULTED INTEREST. If the Company defaults in a payment
of interest on the Securities, the Company shall pay defaulted interest (plus
interest on such defaulted interest to the extent lawful) in any lawful manner.
The Company may pay the defaulted interest to the persons who are
Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail to each
Securityholder a notice that states the special record date, the payment date
and the amount of defaulted interest to be paid.

<PAGE>
                                                                              45

          SECTION 2.12. CUSIP NUMBERS. The Company in issuing the Securities
may use "CUSIP" numbers (if then generally in use) and, if so, the Trustee
shall use "CUSIP" numbers in notices of redemption as a convenience to
Holders; provided, however, that any such notice may state that no
representation is made as to the correctness of such numbers either as printed
on the Securities or as contained in any notice of a redemption and that
reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or
omission of such numbers.

          SECTION 2.13. ISSUANCE OF ADDITIONAL SECURITIES. The Company shall be
entitled, subject to its compliance with Section 4.03, to issue Additional
Securities (in an aggregate principal amount not to exceed $150,000,000) under
this Indenture which shall have identical terms as the Initial Securities issued
on the Issue Date, other than with respect to the date of issuance and issue
price. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor shall be
treated as a single class for all purposes under this Indenture.

          With respect to any Additional Securities, the Company shall set forth
in a resolution of the Board of Directors and an Officers' Certificate, a copy
of each which shall be delivered to the Trustee, the following information:

          (1) the aggregate principal amount of such Additional Securities to be
     authenticated and delivered pursuant to this Indenture;

          (2) the issue price, the issue date and the CUSIP number of such
     Additional Securities; provided, however, that no Additional Securities may
     be issued at a price that would cause such Additional Securities to have
     "original issue discount" within the meaning of Section 1273 of the Code;
     and

          (3) whether such Additional Securities shall be Transfer Restricted
     Securities and issued in the form of Initial Securities as set forth in the
     Appendix to this Indenture or shall be issued in the form of Exchange
     Securities as set forth in Exhibit A.

<PAGE>

                                    ARTICLE 3

                                   REDEMPTION

          SECTION 3.01. NOTICES TO TRUSTEE. If the Company elects to redeem
Securities pursuant to paragraph 5 of the Securities, it shall notify the
Trustee in writing of the redemption date, the principal amount of Securities to
be redeemed and the paragraph of the Securities pursuant to which the redemption
will occur.

          The Company shall give each notice to the Trustee provided for in this
Section at least 60 days before the redemption date unless the Trustee consents
to a shorter period. Such notice shall be accompanied by an Officers'
Certificate and an Opinion of Counsel from the Company to the effect that such
redemption will comply with the conditions herein.

          Any notice of redemption may provide that the redemption will be
subject to specified conditions, provided that such conditions are not solely
within the Company's control.

          SECTION 3.02. SELECTION OF SECURITIES TO BE REDEEMED. If fewer than
all the Securities are to be redeemed, the Trustee shall select the Securities
to be redeemed pro rata or by lot or by a method that complies with applicable
legal and securities exchange requirements, if any, and that the Trustee in its
sole discretion shall deem to be fair and appropriate and in accordance with
methods generally used at the time of selection by fiduciaries in similar
circumstances. The Trustee shall make the selection from outstanding Securities
not previously called for redemption. The Trustee may select for redemption
portions of the principal of Securities that have denominations larger than
$1,000. Securities and portions of them the Trustee selects shall be in
principal amounts of $1,000 or a whole multiple of $1,000. Provisions of this
Indenture that apply to Securities called for redemption also apply to portions
of Securities called for redemption. The Trustee shall notify the Company
promptly of the Securities or portions of Securities to be redeemed.

          SECTION 3.03. NOTICE OF REDEMPTION. At least 30 days but not more than
60 days before a date for redemption of Securities, the Company shall mail a
notice

<PAGE>
                                                                              47

of redemption by first-class mail to each Holder of Securities
to be redeemed at such Holder's registered address.

          The notice shall identify the Securities to be redeemed and shall
state:

          (1) the redemption date;

          (2) the redemption price;

          (3) the name and address of the Paying Agent;

          (4) that Securities called for redemption must be surrendered to the
     Paying Agent to collect the redemption price;

          (5) if fewer than all the outstanding Securities are to be redeemed,
     the identification and principal amounts of the particular Securities to be
     redeemed;

          (6) that, unless the Company defaults in making such redemption
     payment, interest on Securities (or portion thereof) called for redemption
     ceases to accrue on and after the redemption date;

          (7) that no representation is made as to the correctness or accuracy
     of the CUSIP number, if any, listed in such notice or printed on the
     Securities; and

          (8) any condition to such redemption permitted under Section 3.01.

          At the Company's request, the Trustee shall give the notice of
redemption in the Company's name and at the Company's expense. In such event,
the Company shall provide the Trustee with the information required by this
Section.

          SECTION 3.04. EFFECT OF NOTICE OF REDEMPTION. Once notice of
redemption is mailed, Securities called for redemption become due and payable on
the redemption date and at the redemption price stated in the notice; provided
that if there is any condition to the Company's obligation to redeem such
Securities which is permitted by Section 3.01 and stated in the notice of
redemption, such Securities shall not be deemed due and payable unless and

<PAGE>
                                                                              48

until such condition is satisfied or waived. Upon surrender to the Paying
Agent, such Securities shall be paid at the redemption price stated in the
notice, plus accrued interest to the redemption date (subject to the right of
Holders of record on the relevant record date to receive interest due on the
related interest payment date). Failure to give notice or any defect in the
notice to any Holder shall not affect the validity of the notice to any other
Holder.

          SECTION 3.05. DEPOSIT OF REDEMPTION PRICE. Prior to the redemption
date, the Company shall deposit with the Paying Agent (or, if the Company or a
Subsidiary is the Paying Agent, shall segregate and hold in trust) money
sufficient to pay the redemption price of and accrued interest on all Securities
to be redeemed on that date other than Securities or portions of Securities
called for redemption which have been delivered by the Company to the Trustee
for cancellation.

          SECTION 3.06. SECURITIES REDEEMED IN PART. Upon surrender of a
Security that is redeemed in part, the Company shall execute and the Trustee
shall authenticate for the Holder (at the Company's expense) a new Security
equal in principal amount to the unredeemed portion of the Security surrendered.

                                    ARTICLE 4

                                    COVENANTS

          SECTION 4.01. PAYMENT OF SECURITIES. The Company shall promptly pay
the principal of and interest on the Securities on the dates and in the manner
provided in the Securities and in this Indenture. Principal and interest shall
be considered paid on the date due if on such date the Trustee or the Paying
Agent holds in accordance with this Indenture money sufficient to pay all
principal and interest then due.

          The Company shall pay interest on overdue principal at the rate
specified therefor in the Securities, and it shall pay interest on overdue
installments of interest at the same rate to the extent lawful.

          SECTION 4.02. SEC REPORTS. Whether or not required by the SEC's rules
and regulations, so long as any Securities are outstanding, the Company will
furnish to the

<PAGE>

                                                                              49

Holders, within the time periods specified in the SEC's rules and regulations:

          (1) all quarterly and annual reports that would be required to be
     filed with the SEC on Forms 10-Q and 10-K if the Company was required to
     file such reports; and

          (2) all current reports that would be required to be filed with the
     SEC on Form 8-K if the Company was required to file such reports.

          All such reports will be prepared in all material respects in
accordance with all of the SEC's rules and regulations applicable to such
reports, and each annual report on Form 10-K will include a report on the
Company's consolidated financial statements by the Company's certified
independent accountants. The Company's reporting obligations with respect to
clauses (1) and (2) above shall be deemed satisfied in the event the Company
files these reports with the SEC on EDGAR.

          If, at any time, the Company is no longer subject to the periodic
reporting requirements of the Exchange Act for any reason, the Company will
nevertheless be required to continue to file the reports specified in the
preceding paragraph with the SEC within the time periods specified above unless
the SEC will not accept such a filing. The Company agrees that it will not take
any action for the sole purpose of causing the SEC not to accept any such
filings (it being understood and agreed that, if the Company is entitled to
suspend its reporting obligations under the Exchange Act, the Company shall not
be prevented from making any filings necessary to suspend such obligations). If,
notwithstanding the foregoing, the SEC will not accept the Company's filings for
any reason, the Company will post the reports referred to in the preceding
paragraph on its website within the time periods that would apply if the Company
was required to file those reports with the SEC.

          In addition, the Company agrees that, for so long as any Securities
remain outstanding, at any time they are not required to file the reports
required by the preceding paragraphs with the SEC, they will furnish to the
Holders and to securities analysts and prospective investors, upon their written
request, the information required to be

<PAGE>

                                                                              50

delivered pursuant to Rule 144A(d)(4) under the Securities Act.

          SECTION 4.03. LIMITATION ON INDEBTEDNESS. (a) The Company shall not,
and shall not permit any Restricted Subsidiary to, Incur, directly or
indirectly, any Indebtedness; provided, however, that the Company and its
Restricted Subsidiaries may Incur Indebtedness if on the date of such Incurrence
and after giving effect thereto the Consolidated Leverage Ratio would be no
greater than (i) prior to any designation of the Specified Subsidiary Group as
Unrestricted Subsidiaries, (x) 5.75 to 1 if such Incurrence occurs on or prior
to December 31, 2004 and (y) 5.5 to 1, if such Incurrence occurs after December
31, 2004 and (ii) on or following any designation of the Specified Subsidiary
Group as Unrestricted Subsidiaries, (x) 5.0 to 1, if the Specified Subsidiary is
VHC and (y) 4.0 to 1, if the Specified Subsidiary is RRM.

          (b) Notwithstanding the foregoing paragraph (a), the Company and its
Restricted Subsidiaries may Incur the following Indebtedness:

          (1) Indebtedness Incurred pursuant to the Credit Agreement in an
     aggregate principal amount not to exceed $135.0 million less the aggregate
     amount of all Net Available Cash applied by the Company or any of its
     Restricted Subsidiaries to repay Indebtedness under the Credit Agreement
     pursuant to Section 4.06(a)(3)(A) solely to the extent the corresponding
     commitments relating to such Indebtedness are permanently reduced;

          (2) Indebtedness of the Company owed to and held by any Restricted
     Subsidiary or Indebtedness of a Restricted Subsidiary owed to and held by
     the Company or any Restricted Subsidiary; provided, however, that (A) any
     subsequent issuance or transfer of any Capital Stock or any other event
     that results in any such Restricted Subsidiary ceasing to be a Restricted
     Subsidiary or any subsequent transfer of any such Indebtedness (except to
     the Company or a Restricted Subsidiary) shall be deemed, in each case, to
     constitute the Incurrence of such Indebtedness by the issuer thereof and
     (B) if the Company is the obligor on such Indebtedness, such Indebtedness
     is expressly subordinated to the prior payment in full in cash of all
     obligations with respect to the Securities;

<PAGE>
                                                                              51

          (3) Indebtedness represented by (A) the Securities (not including any
     Additional Securities) and any Exchange Notes and (B) the Floating Rate
     Notes and the Guarantees of the Floating Rate Notes by Subsidiaries of the
     Company (but not including any additional Floating Rate Notes but including
     any exchange notes under the indenture for the Floating Rate Notes);

          (4) Indebtedness outstanding on the Closing Date (other than the
     Indebtedness described in clauses (1), (2) or (3) above);

          (5) Indebtedness of a Restricted Subsidiary Incurred and outstanding
     on or prior to the date on which such Restricted Subsidiary was acquired by
     the Company (other than Indebtedness Incurred in contemplation of, in
     connection with, as consideration in, or to provide all or any portion of
     the funds or credit support utilized to consummate, the transaction or
     series of related transactions pursuant to which such Restricted Subsidiary
     became a Subsidiary of or was otherwise acquired by the Company); provided,
     however, that on the date that such Restricted Subsidiary is acquired by
     the Company, either (x) the Company would have been able to incur $1.00 of
     additional indebtedness pursuant to Section 4.03(a) after giving effect to
     such acquisition or (y) the Consolidated Leverage Ratio after giving effect
     to such acquisition and any related transactions would be no greater than
     the Consolidated Leverage Ratio as of such date without giving effect to
     such acquisition and any related transactions;

          (6) Refinancing Indebtedness in respect of any Indebtedness Incurred
     pursuant to Section 4.03(a) or clause (3), (4), this clause (6) or clause
     (9) of this paragraph (b);

          (7) Indebtedness (A) in respect of performance bonds, bankers'
     acceptances, letters of credit and surety or appeal bonds provided by the
     Company and the Restricted Subsidiaries in the ordinary course of their
     business, and (B) under Interest Rate Agreements entered into for bona fide
     hedging purposes of the Company in the ordinary course of business;
     provided, however, that such Interest Rate Agreements do not increase the
     Indebtedness of the Company outstanding

<PAGE>
                                                                              52

     at any time other than as a result of fluctuations in interest rates or by
     reason of fees, indemnities and compensation payable thereunder;

          (8) Purchase Money Indebtedness, mortgage financings and Capitalized
     Lease Obligations in an aggregate principal amount not in excess of $3.0
     million at any time outstanding;

          (9) Indebtedness Incurred at a Restricted Subsidiary, to the extent
     the proceeds of such Indebtedness are used to repay Indebtedness under the
     Credit Agreement and/or the Floating Rate Notes;

          (10) Indebtedness arising from the honoring by a bank or other
     financial institution of a check, draft or similar instrument drawn against
     insufficient funds in the ordinary course of business, provided that such
     Indebtedness is extinguished within five Business Days of its Incurrence;

          (11) the Incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness constituting reimbursement obligations with
     respect to letters of credit issued in the ordinary course of business;
     provided, however, that upon the drawing of such letters of credit, such
     obligations are reimbursed within 30 days following such drawing;

          (12) obligations arising from or representing deferred compensation to
     employees of the Company or its Subsidiaries that constitute or are deemed
     to be Indebtedness under GAAP and that are Incurred in the ordinary course
     of business; or

          (13) Indebtedness (other than Indebtedness permitted to be Incurred
     pursuant to the foregoing paragraph (a) or any other clause of this
     paragraph (b)) in an aggregate principal amount on the date of Incurrence
     that, when added to all other Indebtedness Incurred pursuant to this clause
     (13) and then outstanding, will not exceed $5.0 million.

          (c) Notwithstanding the foregoing, the Company may not Incur any
Indebtedness pursuant to paragraph (b) above if the proceeds thereof are used,
directly or indirectly, to repay, prepay, redeem, defease, retire, refund or
refinance any Subordinated Obligations unless

<PAGE>
                                                                              53

such Indebtedness will be subordinated to the Securities to at least the same
extent as such Subordinated Obligations.

          (d) Notwithstanding any other provision of this Section 4.03, the
maximum amount of Indebtedness that the Company or any Restricted Subsidiary may
Incur pursuant to this Section 4.03 shall not be deemed to be exceeded solely as
a result of fluctuations in the exchange rates of currencies. For purposes of
determining the outstanding principal amount of any particular Indebtedness
Incurred pursuant to this Section 4.03:

          (1) Indebtedness Incurred pursuant to the Credit Agreement prior to or
     on the Closing Date shall be treated as Incurred pursuant to clause (1) of
     paragraph (b) above,

          (2) Indebtedness permitted by this Section 4.03 need not be permitted
     solely by reference to one provision permitting such Indebtedness but may
     be permitted in part by one such provision and in part by one or more other
     provisions of this Section 4.03 permitting such Indebtedness, and

          (3) in the event that Indebtedness meets the criteria of more than one
     of the types of Indebtedness described in this Section 4.03, the Company,
     in its sole discretion, shall classify such Indebtedness and only be
     required to include the amount of such Indebtedness in one of such clauses.

          (e) In addition, the Company will not permit any of its Unrestricted
Subsidiaries to incur any Indebtedness other than Non-Recourse Debt (or issue
any shares of Disqualified Stock that is either mandatorily redeemable by the
Company or convertible or exchangeable for Indebtedness other than Non-Recourse
Debt). If at any time an Unrestricted Subsidiary becomes a Restricted
Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred
by a Restricted Subsidiary of the Company as of such date (and, if such
Indebtedness is not permitted to be Incurred as of such date under this clause
(e), the Company shall be in Default of this Section 4.03).

          SECTION 4.04. LIMITATION ON RESTRICTED PAYMENTS. (a) The Company shall
not, and shall not permit any Restricted Subsidiary, directly or indirectly, to:

<PAGE>

                                                                             54

          (1) declare or pay any dividend, make any distribution on or in
     respect of its Capital Stock or make any similar payment (including any
     payment in connection with any merger or consolidation involving the
     Company or any Subsidiary of the Company) to the direct or indirect holders
     of its Capital Stock, except (x) dividends or distributions payable solely
     in its Capital Stock (other than Disqualified Stock or Preferred Stock) and
     (y) dividends or distributions payable to the Company or a Restricted
     Subsidiary (and, if such Restricted Subsidiary has shareholders other than
     the Company or other Restricted Subsidiaries, to its other shareholders on
     a pro rata basis),

          (2) purchase, repurchase, redeem, retire or otherwise acquire for
     value any Capital Stock of the Company or any Restricted Subsidiary held by
     Persons other than the Company or a Restricted Subsidiary,

          (3) purchase, repurchase, redeem, retire, defease or otherwise acquire
     for value, prior to scheduled maturity, scheduled repayment or scheduled
     sinking fund payment any Subordinated Obligations (other than the purchase,
     repurchase, redemption, retirement, defeasance or other acquisition for
     value of Subordinated Obligations acquired in anticipation of satisfying a
     sinking fund obligation, principal installment or final maturity, in each
     case due within one year of the date of acquisition), or

          (4) make any Investment (other than a Permitted Investment) in any
     Person;

(any such dividend, distribution, payment, purchase, redemption, repurchase,
defeasance, retirement, or other acquisition or Investment described in
clauses (1) through (4) above being herein referred to as a "Restricted
Payment") if at the time the Company or such Restricted Subsidiary makes such
Restricted Payment:

               (A) a Default shall have occurred and be continuing (or would
          result therefrom);

               (B) after giving effect, on a pro forma basis, to such Restricted
          Payment, the Company could not Incur at least $1.00 of additional
          Indebtedness under Section 4.03(a); or
<PAGE>

                                                                              55

               (C) the aggregate amount of such Restricted Payment and all other
          Restricted Payments (the amount so expended, if other than in cash,
          shall be the Fair Market Value of the property or other non-cash
          assets that constitute such Restricted Payment) declared or made
          subsequent to the Closing Date would exceed the sum, without
          duplication, of:

               (i) 50% of the Consolidated Net Income accrued during the period
          (treated as one accounting period) from the beginning of the fiscal
          quarter immediately following the fiscal quarter during which the
          Closing Date occurs to the end of the most recent fiscal quarter
          ending at least 45 days prior to the date of such Restricted Payment
          (or, in case such Consolidated Net Income shall be a deficit, minus
          100% of such deficit);

               (ii) the aggregate Net Cash Proceeds received by the Company from
          the issuance or sale of its Capital Stock (other than Disqualified
          Stock) subsequent to the Closing Date (other than an issuance or sale
          to (x) a Subsidiary of the Company or (y) an employee stock ownership
          plan or other trust established by the Company or any of its
          Subsidiaries);

               (iii) the amount by which Indebtedness of the Company or its
          Restricted Subsidiaries is reduced on the Company's balance sheet upon
          the conversion or exchange (other than by a Subsidiary of the Company)
          subsequent to the Closing Date of any Indebtedness of the Company or
          its Restricted Subsidiaries issued after the Closing Date which is
          convertible or exchangeable for Capital Stock (other than Disqualified
          Stock) of the Company (less the amount of any cash or the Fair Market
          Value of other property distributed by the Company or any Restricted
          Subsidiary upon such conversion or exchange); and

               (iv) an amount equal to the sum of (x) the net reduction in any
          Investments (excluding Permitted Investments, except as provided in
          the next sentence) made by the Company or any Restricted Subsidiary in
          any Person resulting

<PAGE>
                                                                              56

          from repurchases, repayments or redemptions of such Investments by
          such Person, net cash proceeds realized on the sale of such
          Investment and net cash proceeds representing the return of capital
          (excluding dividends and distributions), in each case received by
          the Company or any Restricted Subsidiary, and (y) to the extent such
          Person is an Unrestricted Subsidiary, the portion (proportionate to
          the Company's equity interest in such Subsidiary) of the Fair Market
          Value of the net assets of such Unrestricted Subsidiary if such
          Unrestricted Subsidiary is designated a Restricted Subsidiary, with
          such Fair Market Value measured at the time of any such designation;
          provided, however, that the foregoing sum shall not exceed, in the
          case of any such Person or Unrestricted Subsidiary, the amount of
          Investments (excluding Permitted Investments, except as provided in
          the next sentence) previously made by the Company or any Restricted
          Subsidiary in such Person or Unrestricted Subsidiary and included in
          the calculation of the amount of Restricted Payments.

After any designation of the Specified Subsidiary Group as Unrestricted
Subsidiaries in accordance with Section 4.13, the remaining Investment of the
Company and its Restricted Subsidiaries in the Specified Subsidiary Group
shall be included in the calculation of the amount available for Restricted
Payments as provided in clause (C) above as if it were not a Permitted
Investment; provided, that, if RRM is the Specified Subsidiary, such inclusion
shall only be made if at the time of such designation the amount available for
Restricted Payments under clause (C) above is greater than zero, in which case
the amount otherwise available for Restricted Payments shall be reduced by the
amount of such Investment but not below zero. For the avoidance of doubt, the
inclusion of the Investment in the Specified Subsidiary Group after
designation of the Specified Subsidiary Group as Unrestricted Subsidiaries
shall not be taken into account in determining whether the Company is
permitted to designate such Subsidiaries as Unrestricted Subsidiaries under
Section 4.13.

          (b) The provisions of the foregoing paragraph (a) shall not prohibit:

<PAGE>

                                                                              57

          (1) any purchase, repurchase, redemption, retirement or other
     acquisition for value of Capital Stock of the Company made by exchange for,
     or out of the proceeds of the substantially concurrent sale of, Capital
     Stock of the Company (other than Disqualified Stock and other than Capital
     Stock issued or sold to a Subsidiary of the Company or an employee stock
     ownership plan or other trust established by the Company or any of its
     Subsidiaries); provided, however, that:

               (A) such purchase, repurchase, redemption, retirement or other
          acquisition for value will be excluded in the calculation of the
          amount of Restricted Payments, and

               (B) the Net Cash Proceeds from such sale applied in the manner
          set forth in this clause (1) will be excluded from the calculation of
          amounts under clause (4)(C)(ii) of paragraph (a) above;

          (2) any prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value of Subordinated
     Obligations of the Company made by exchange for, or out of the proceeds of
     the substantially concurrent sale of, Indebtedness of the Company that is
     permitted to be Incurred pursuant to Section 4.03(b); provided, however,
     that such prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value will be excluded in
     the calculation of the amount of Restricted Payments;

          (3) any prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value of Subordinated
     Obligations from Net Available Cash to the extent permitted by Section
     4.06; provided, however, that such prepayment, repayment, purchase,
     repurchase, redemption, retirement, defeasance or other acquisition for
     value will be excluded in the calculation of the amount of Restricted
     Payments;

          (4) dividends paid within 60 days after the date of declaration
     thereof if at such date of declaration such dividends would have complied
     with this Section 4.04; provided, however, that such dividends will be

<PAGE>
                                                                              58

     included in the calculation of the amount of Restricted Payments;

          (5) any purchase, repurchase, redemption, retirement or other
     acquisition for value of shares of, or options to purchase shares of,
     Capital Stock of the Company or any of its Subsidiaries from employees,
     former employees, directors or former directors of the Company or any of
     its Subsidiaries (or permitted transferees of such employees, former
     employees, directors or former directors), pursuant to the terms of
     agreements (including employment agreements) or plans (or amendments
     thereto) approved by the Board of Directors under which such individuals
     purchase or sell or are granted the option to purchase or sell, shares of
     such Capital Stock; provided, however, that the aggregate amount of such
     purchases, repurchases, redemptions, retirements and other acquisitions for
     value will not exceed $2.0 million in any calendar year; provided further,
     however, that such purchases, repurchases, redemptions, retirements and
     other acquisitions for value shall be excluded in the calculation of the
     amount of Restricted Payments;

          (6) repurchases of Capital Stock deemed to occur upon exercise of
     stock options if such Capital Stock represents a portion of the exercise
     price of such options, and repurchases of Capital Stock of Subsidiaries
     consisting of directors' qualifying shares or shares issued to third
     parties in the ordinary course to the extent necessary to satisfy any
     licensing requirements under applicable law with respect to the Company's
     or any of its Subsidiary's business; provided, however, that such
     Restricted Payments shall be excluded in the calculation of the amount of
     Restricted Payments;

          (7) cash payments in lieu of the issuance of fractional shares in
     connection with the exercise of warrants, options or other securities
     convertible into or exchangeable for Capital Stock of the Company;
     provided, however, that any such cash payment shall not be for the purpose
     of evading the limitation of this Section 4.04 (as determined in good faith
     by the Board of Directors); provided further, however, that such payments
     shall be included in the calculation of the amount of Restricted Payments;

<PAGE>
                                                                              59

          (8) payments of intercompany subordinated Indebtedness, the Incurrence
     of which was permitted under Section 4.03(b)(2); provided, however, that no
     Default has occurred and is continuing or would otherwise result therefrom;
     provided further, however, that such payments shall be excluded in the
     calculation of the amount of Restricted Payment;

          (9) a Qualifying Subsidiary Stock Distribution to the extent permitted
     by Section 4.13; provided, however, that the amount of such distribution
     shall not be included in the calculation of the amount of Restricted
     Payments;

          (10) the payment of cash dividends on the Capital Stock of the Company
     in an amount not to exceed (x) $0.48 per share per fiscal year and (y) $7.0
     million in the aggregate for such dividends in any fiscal year; provided
     that, after a designation of the Specified Subsidiary Group as Unrestricted
     Subsidiaries, no such dividend shall be declared or paid unless, for the
     most recently ended four full fiscal quarters for which internal financial
     statements are available preceding the date of declaration of any such
     dividend or distribution after giving effect to such dividend or
     distribution as a fixed charge on a pro forma basis, the Company and its
     Restricted Subsidiaries would have had a Consolidated Fixed Charge Coverage
     Ratio of at least 1.35 to 1; provided further that if (x) the Specified
     Subsidiary is VHC, (y) the Specified Subsidiary Group has been designated
     as Unrestricted Subsidiaries and (z) the Company may not otherwise pay such
     dividends because of a failure to satisfy the Consolidated Fixed Charge
     Coverage Ratio described in the preceding proviso, the Company may pay cash
     dividends from cash proceeds of a Qualifying Subsidiary Stock Sale, in an
     amount not to exceed $7.0 million; and provided further that dividends paid
     under this clause (10) shall be included in the amount of Restricted
     Payments;

          (11) the payment of scheduled, quarterly cash dividends on the Chemed
     Preferred Securities declared on or prior to December 31, 2004 in an amount
     not to exceed $2.00 per share per year, and the redemption of the Chemed
     Preferred Securities and the Subordinated Chemed Debentures at the
     applicable scheduled redemption prices on or prior to December 31, 2004;

<PAGE>
                                                                              60

     provided that such dividends and redemption amounts shall not be
     included in the amount of Restricted Payments;

          (12) dividends or distributions of Capital Stock subject to the
     Closing Date Stock Award Plan, so long as the aggregate amount of such
     dividends or distributions made pursuant to this clause 12 does not exceed
     $2.8 million; provided, that such dividends or distributions shall be
     excluded in the amount of Restricted Payments; and

          (13) other Restricted Payments in an aggregate amount not to exceed
     $5.0 million; provided, however, that such Restricted Payments shall be
     included in the calculation of the amount of Restricted Payments.

          SECTION 4.05. LIMITATION ON RESTRICTIONS ON DISTRIBUTIONS FROM
RESTRICTED SUBSIDIARIES. The Company shall not, and shall not permit any
Restricted Subsidiary to, create or otherwise cause or permit to exist or become
effective any consensual encumbrance or restriction on the ability of any
Restricted Subsidiary to:

          (1) pay dividends or make any other distributions on its Capital Stock
     or pay any Indebtedness or other obligations owed to the Company;

          (2) make any loans or advances to the Company; or

          (3) transfer any of its property or assets to the Company, except:

          (A) with respect to clauses (1), (2) or (3):

               (i) any encumbrance or restriction pursuant to applicable law or
          an agreement in effect at or entered into on the Closing Date;

               (ii) any encumbrance or restriction with respect to a Restricted
          Subsidiary pursuant to an agreement relating to any Indebtedness
          Incurred by such Restricted Subsidiary prior to the date on which such
          Restricted Subsidiary was acquired by the Company (other than
          Indebtedness Incurred as consideration in, in contemplation of, or to
<PAGE>

                                                                              61

          provide all or any portion of the funds or credit support utilized to
          consummate the transaction or series of related transactions pursuant
          to which such Restricted Subsidiary became a Restricted Subsidiary or
          was otherwise acquired by the Company) and outstanding on such date;

               (iii) any encumbrance or restriction pursuant to an agreement
          effecting a Refinancing of Indebtedness Incurred pursuant to an
          agreement referred to in clause (i) or (ii) of this Section 4.05(3)(A)
          or this clause (iii) or contained in any amendment to an agreement
          referred to in clause (i) or (ii) of this Section 4.05(3)(A) or this
          clause (iii); provided, however, that the encumbrances and
          restrictions contained in any such Refinancing agreement or amendment,
          taken as a whole, are not materially more disadvantageous to the
          Holders than the encumbrances and restrictions contained in such
          predecessor agreements (as determined by the Company in good faith);

               (iv) any encumbrance or restriction contained in the terms of any
          Indebtedness Incurred pursuant to Section 4.03(b)(9) or any agreement
          pursuant to which such Indebtedness was Incurred; provided, however
          that the encumbrances and restrictions contained in such Indebtedness,
          taken as a whole, are not materially more disadvantageous to the
          holders of the Securities than the encumbrances and restrictions
          contained in the agreements for the Indebtedness being repaid (as
          determined by the Company in good faith);

               (v) with respect to a Restricted Subsidiary, any encumbrance or
          restriction imposed pursuant to an agreement entered into in
          connection with the sale or disposition of all or substantially all
          the Capital Stock or assets of such Restricted Subsidiary or in
          addition, in the case of the Specified Subsidiary Group, any
          encumbrance or restriction imposed pursuant to a purchase and sale,
          underwriting or other disposition agreement in connection with a
          Qualifying Subsidiary Stock Sale or Qualifying Subsidiary Stock
          Distribution; provided that in

<PAGE>
                                                                              62

          any such case such encumbrance or restriction is in effect only for
          the period pending the closing of such sale, disposition or
          distribution; and

               (B) in the case of clause (3), any encumbrance or restriction

               (i) that restricts in a customary manner the subletting,
          assignment or transfer of any property or asset that is subject to a
          lease, license or similar contract, or

               (ii) contained in security agreements securing Indebtedness of a
          Restricted Subsidiary to the extent such encumbrance or restriction
          restricts the transfer of the property subject to such security
          agreements.

          SECTION 4.06. LIMITATION ON SALES OF ASSETS AND SUBSIDIARY STOCK. (a)
The Company will not, and will not permit any Restricted Subsidiary to, make any
Asset Disposition unless:

               (1) the Company or such Restricted Subsidiary receives
          consideration (including by way of relief from, or by any other Person
          assuming sole responsibility for, any liabilities, contingent or
          otherwise) at the time of such Asset Disposition at least equal to the
          Fair Market Value of the shares and assets subject to such Asset
          Disposition,

               (2) at least 75% of the consideration thereof received by the
          Company or such Restricted Subsidiary is in the form of cash or cash
          equivalents, and

               (3) an amount equal to 100% of the Net Available Cash from such
          Asset Disposition is applied by the Company (or such Restricted
          Subsidiary, as the case may be)

                    (A) first, to the extent the Company elects (or is required
               by the terms of any Indebtedness), to prepay, repay, purchase,
               repurchase, redeem, retire, defease or otherwise acquire for
               value Senior Indebtedness of the Company or Indebtedness (other
               than obligations in respect of Preferred Stock) of a Restricted
               Subsidiary (in each case other than Indebtedness

<PAGE>
                                                                              63

               owed to the Company or an Affiliate of the Company
               and other than obligations in respect of Disqualified Stock)
               within one year from the later of the date of such Asset
               Disposition or the receipt of such Net Available Cash;

                    (B) second, to the extent of the balance of Net Available
               Cash after application in accordance with clause (A), to the
               extent the Company or such Restricted Subsidiary elects, to
               reinvest in Additional Assets (including by means of an
               Investment in Additional Assets by a Restricted Subsidiary with
               Net Available Cash received by the Company or another Restricted
               Subsidiary) within one year from the later of such Asset
               Disposition or the receipt of such Net Available Cash;

                    (C) third, to the extent of the balance of such Net
               Available Cash after application in accordance with clauses (A)
               and (B), to make an Offer (as defined in Section 4.06(b)) to
               purchase Securities pursuant to and subject to the conditions set
               forth in Section 4.06(b); provided, however, that if the Company
               so elects (or is required by the terms of any other Senior
               Indebtedness), such Offer may be made ratably to purchase the
               Securities and other Senior Indebtedness of the Company; and

                    (D) fourth, to the extent of the balance of such Net
               Available Cash after application in accordance with clauses (A),
               (B) and (C), for any general corporate purpose permitted by the
               terms of the Indenture;

               provided, however that in connection with any prepayment,
               repayment, purchase, repurchase, redemption, retirement,
               defeasance or other acquisition for value of Indebtedness
               pursuant to clause (A) or (C) above, the Company or such
               Restricted Subsidiary will retire such Indebtedness and will
               cause the related loan commitment (if any) to be permanently
               reduced in an amount equal to the principal amount so prepaid,
               repaid, purchased, repurchased, redeemed, retired, defeased or
               otherwise acquired for value.

<PAGE>
                                                                              64

          Notwithstanding the foregoing provisions of this Section 4.06, the
Company and the Restricted Subsidiaries will not be required to apply any Net
Available Cash in accordance with this Section 4.06(a) except to the extent that
the aggregate Net Available Cash from all Asset Dispositions that is not
otherwise applied in accordance with this Section 4.06(a) exceeds (i) $25.0
million, in the case of Net Available Cash that constitutes Net Cash Proceeds
from Qualifying Subsidiary Stock Sales (not including the initial Qualifying
Subsidiary Stock Sale) or (ii) $5.0 million, in the case of Net Available Cash
from all other Asset Dispositions.

          For the purposes of this Section 4.06, the following are deemed to be
cash or cash equivalents:

                    (x) the assumption of Indebtedness of the Company (other
               than obligations in respect of Disqualified Stock of the Company)
               or any Restricted Subsidiary and the release of the Company or
               such Restricted Subsidiary from all liability on such
               Indebtedness in connection with such Asset Disposition and

                    (y) securities received by the Company or any Restricted
               Subsidiary from the transferee that within 90 days are converted
               by the Company or such Restricted Subsidiary into cash.

          (b) In the event of an Asset Disposition that requires the purchase of
     Securities pursuant to Section 4.06(a)(3)(C), the Company shall be required
     (i) to purchase Securities tendered pursuant to an offer by the Company for
     the Securities (the "Offer") at a purchase price of 100% of their principal
     amount plus accrued and unpaid interest to the date of purchase (subject to
     the right of Holders of record on the relevant date to receive interest due
     on the relevant Interest Payment Date) in accordance with the procedures
     (including prorating in the event of oversubscription), set forth in
     Section 4.06(c) and (ii) to purchase other Senior Indebtedness of the
     Company on the terms and to the extent contemplated thereby (provided that
     in no event shall the Company offer to purchase such other Senior
     Indebtedness of the Company at a purchase price in excess of 100% of its
     principal amount (without premium), plus accrued and unpaid interest
     thereon). If the aggregate purchase price of Securities (and other Senior
     Indebtedness) tendered pursuant to the

<PAGE>
                                                                              65

Offer is less than the Net Available Cash allotted to the purchase of the
Securities (and other Senior Indebtedness), the Company will apply the
remaining Net Available Cash in accordance with Section 4.06(a)(3)(D). The
Company will not be required to make an Offer for Securities (and other Senior
Indebtedness) pursuant to this Section 4.06 if the Net Available Cash
available therefor (after application of the proceeds as provided in clauses
(A) and (B) of Section 4.06(a)(3)) is less than $5.0 million for any
particular Asset Disposition or related series of Asset Dispositions (which
lesser amount will be carried forward for purposes of determining whether an
Offer is required with respect to the Net Available Cash from any subsequent
Asset Disposition). Upon completion of such an offer to purchase, Net
Available Cash will be deemed to be reduced by the aggregate amount of such
offer.

          (c) (1) Promptly, and in any event within 10 days after the Company
becomes obligated to make an Offer, the Company shall deliver to the Trustee and
send, by first-class mail to each Holder, a written notice stating that the
Holder may elect to have his Securities purchased by the Company either in whole
or in part (subject to prorating as described in Section 4.06(b) in the event
the Offer is oversubscribed) in integral multiples of $1,000 of principal
amount, at the applicable purchase price. The notice shall specify a purchase
date not less than 30 days nor more than 60 days after the date of such notice
(the "Purchase Date") and shall contain such information concerning the business
of the Company which the Company in good faith believes will enable such Holders
to make an informed decision (which at a minimum will include (A) the most
recently filed Annual Report on Form 10-K (including audited consolidated
financial statements) of the Company, the most recent subsequently filed
Quarterly Report on Form 10-Q and any Current Report on Form 8-K of the Company
filed subsequent to such Quarterly Report, other than Current Reports describing
Asset Dispositions otherwise described in the offering materials (or
corresponding successor reports), (B) a description of material developments in
the Company's business subsequent to the date of the latest of such Reports, and
(C) if material, appropriate pro forma financial information) and all
instructions and materials necessary to tender Securities pursuant to the Offer,
together with the information contained in clause (3) of this Section 4.06(c).

<PAGE>

          (2) Not later than the date upon which written notice of an Offer is
     delivered to the Trustee as provided below, the Company shall deliver to
     the Trustee an Officers' Certificate as to (A) the amount of the Offer (the
     "Offer Amount"), including information as to any other Senior Indebtedness
     included in the Offer, (B) the allocation of the Net Available Cash from
     the Asset Dispositions pursuant to which such Offer is being made and (C)
     the compliance of such allocation with the provisions of Section 4.06(a)
     and (b). On such date, the Company shall also irrevocably deposit with the
     Trustee or with a Paying Agent (or, if the Company is acting as its own
     Paying Agent, segregate and hold in trust) in Temporary Cash Investments,
     maturing on the last day prior to the Purchase Date or on the Purchase Date
     if funds are immediately available by open of business, an amount equal to
     the Offer Amount to be held for payment in accordance with the provisions
     of this Section. If the Offer includes other Senior Indebtedness, the
     deposit described in the preceding sentence may be made with any other
     paying agent pursuant to arrangements satisfactory to the Trustee. Upon the
     expiration of the period for which the Offer remains open (the "Offer
     Period"), the Company shall deliver to the Trustee for cancellation the
     Securities or portions thereof which have been properly tendered to and are
     to be accepted by the Company. The Trustee shall, on the Purchase Date,
     mail or deliver payment (or cause the delivery of payment) to each
     tendering Holder in the amount of the purchase price. In the event that the
     aggregate purchase price of the Securities delivered by the Company to the
     Trustee is less than the Offer Amount applicable to the Securities, the
     Trustee shall deliver the excess to the Company immediately after the
     expiration of the Offer Period for application in accordance with this
     Section 4.06.

          (3) Holders electing to have a Security purchased shall be required to
     surrender the Security, with an appropriate form duly completed, to the
     Company at the address specified in the notice at least three Business Days
     prior to the Purchase Date. Holders shall be entitled to withdraw their
     election if the Trustee or the Company receives not later than one Business
     Day prior to the Purchase Date, a telex,

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                                                                              67

     facsimile transmission or letter setting forth the name of the Holder, the
     principal amount of the Security which was delivered for purchase by the
     Holder and a statement that such Holder is withdrawing his election to have
     such Security purchased. Holders whose Securities are purchased only in
     part shall be issued new Securities equal in principal amount to the
     unpurchased portion of the Securities surrendered.

          (4) At the time the Company delivers Securities to the Trustee which
     are to be accepted for purchase, the Company shall also deliver an
     Officers' Certificate stating that such Securities are to be accepted by
     the Company pursuant to and in accordance with the terms of this Section. A
     Security shall be deemed to have been accepted for purchase at the time the
     Trustee, directly or through an agent, mails or delivers payment therefor
     to the surrendering Holder.

          (d) The Company shall comply, to the extent applicable, with the
requirements of Section 14(e) of the Exchange Act and any other securities laws
or regulations in connection with the repurchase of Securities pursuant to this
Section. To the extent that the provisions of any securities laws or regulations
conflict with provisions of this Section, the Company shall comply with the
applicable securities laws and regulations and shall not be deemed to have
breached its obligations under this Section by virtue of its compliance with
such securities laws or regulations.

          SECTION 4.07. LIMITATION ON AFFILIATE TRANSACTIONS. (a) The Company
shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, enter into or conduct any transaction or series of related
transactions (including the purchase, sale, lease or exchange of any property or
the rendering of any service) with any Affiliate of the Company (an "Affiliate
Transaction") unless such transaction is on terms that:

          (1) are no less favorable to the Company or such Restricted
     Subsidiary, as the case may be, than those that could be obtained at the
     time of such transaction in arm's-length dealings with a Person who is not
     such an Affiliate;

          (2) in the event such Affiliate Transaction involves an aggregate
     amount in excess of $5.0 million,

<PAGE>

                                                                              68

               (A) are set forth in writing, and

               (B) have been approved by a majority of the members of the Board
          of Directors and by a majority of the members of such Board of
          Directors having no personal stake in such transaction, if any (and
          such majority or majorities, as the case may be, determines that such
          Affiliate Transaction satisfies the criteria in clause (1) above); and

          (3) in the event such Affiliate Transaction involves an amount in
     excess of $20.0 million, have been determined by a nationally recognized
     appraisal or investment banking firm to be fair, from a financial
     standpoint, to the Company and its Restricted Subsidiaries or is not less
     favorable to the Company and its Restricted Subsidiaries than could
     reasonably be expected to be obtained at the time in an arms length
     transaction with a Person who is not an Affiliate.

          (b) The provisions of the foregoing paragraph (a) will not prohibit:

          (1) any Investment or other Restricted Payment permitted to be made
     pursuant to Section 4.04,

          (2) any issuance of securities, or other payments, awards or grants in
     cash, securities or otherwise pursuant to, or the funding of, employment
     arrangements, stock options and stock ownership plans approved by the Board
     of Directors,

          (3) the grant of stock options or similar rights to employees and
     directors of the Company pursuant to plans approved by the Board of
     Directors,

          (4) loans or advances to employees in the ordinary course of business
     of the Company or its Restricted Subsidiaries and consistent with prudent
     practices and applicable law, not to exceed $2.0 million outstanding at any
     one time,

          (5) the payment of reasonable and customary fees, compensation or
     employee benefit arrangements to and any indemnity provided for the benefit
     of

<PAGE>
                                                                              69

     directors, officers or employees of the Company and its Subsidiaries in the
     ordinary course of business,

          (6) any transaction with a Restricted Subsidiary which would
     constitute an Affiliate Transaction solely because the Company or a
     Restricted Subsidiary owns an equity interest in, or otherwise controls,
     such Restricted Subsidiary,

          (7) transactions reasonably contemplated by any Customary Transition
     Agreement,

          (8) the Transactions, or

          (9) the making of severance payments to directors, officers or
     employees of Vitas that are required pursuant to arrangements in effect
     prior to the date that the Company acquired Vitas, in an aggregate amount
     not to exceed $14.5 million (which arrangements may be modified so long as
     such aggregate amount is not exceeded).

          SECTION 4.08. LIMITATION ON LINES OF BUSINESS. The Company shall not,
and shall not permit any Restricted Subsidiary to, engage in any business other
than a Permitted Business.

          SECTION 4.09. LIMITATION ON THE SALE OR ISSUANCE OF CAPITAL STOCK OF
RESTRICTED SUBSIDIARIES. The Company will not sell or otherwise dispose of any
shares of Capital Stock of a Restricted Subsidiary to any Person (other than the
Company or a Wholly Owned Subsidiary), and will not permit any Restricted
Subsidiary, directly or indirectly, to issue or sell or otherwise dispose of any
shares of its Capital Stock (other than directors' qualifying shares or shares
issued to third parties in the ordinary course to the extent necessary to
satisfy any licensing requirements under applicable law with respect to the
Company's or any of its Subsidiary's business) to any Person (other than the
Company or a Wholly Owned Subsidiary), except, in each case, with respect to
dispositions in connection with a Qualifying Subsidiary Stock Sale or Qualifying
Subsidiary Stock Distribution; provided, however, that the foregoing shall not
prohibit any such issuance, sale or disposition if:

          (1) immediately after giving effect to such issuance, sale or other
     disposition, neither the

<PAGE>

                                                                              70

     Company nor any of its Restricted Subsidiaries owns any Capital Stock of
     such Restricted Subsidiary; or

          (2) immediately after giving effect to such issuance or sale, such
     Restricted Subsidiary would no longer constitute a Restricted Subsidiary
     and any Investment in such Person remaining after giving effect thereto
     would have been permitted to be made under Section 4.04 if made on the date
     of such issuance, sale or other disposition (and such Investment shall be
     deemed to be an Investment for the purposes of Section 4.04 as of the
     effective date of the applicable transaction).

          The proceeds of any sale of such Capital Stock permitted under clause
(1) or (2) above will be treated as Net Available Cash from an Asset Disposition
and must be applied in accordance with the terms of Section 4.06.

          For avoidance of doubt, the Company will not be permitted to issue,
directly or indirectly, any of its Capital Stock that is exchangeable or
convertible, with or without conditions, into any Capital Stock of any
Restricted Subsidiary without complying with this Section 4.09.

          SECTION 4.10. CHANGE OF CONTROL. (a) Upon the occurrence of a Change
of Control, each Holder shall have the right to require that the Company
purchase all or any part of such Holder's Securities at a purchase price in cash
equal to 101% of the principal amount thereof plus accrued and unpaid interest,
if any, to, but excluding, the date of purchase (subject to the right of holders
of record on the relevant record date to receive interest on the relevant
interest payment date), in accordance with the terms contemplated in Section
4.10(b); provided, however, that notwithstanding the occurrence of a Change of
Control, the Company shall not be obligated to purchase the Securities pursuant
to this section in the event that it has exercised its right to redeem all the
Securities under the terms of paragraph 5 of the Securities.

          (b) Within 30 days following any Change of Control, the Company shall
mail a notice to each Holder with a copy to the Trustee (the "Change of Control
Offer") stating:

<PAGE>

                                                                              71

          (1) that a Change of Control has occurred and that such Holder has the
     right to require the Company to purchase all or any part of such Holder's
     Securities at a purchase price in cash equal to 101% of the principal
     amount thereof on the date of purchase, plus accrued and unpaid interest,
     if any, to the date of purchase (subject to the right of Holders of record
     on the relevant record date to receive interest on the relevant interest
     payment date);

          (2) the circumstances and relevant facts and financial information
     regarding such Change of Control;

          (3) the purchase date (which shall be no earlier than 30 days nor
     later than 60 days from the date such notice is mailed); and

          (4) the instructions, as determined by the Company, consistent with
     this Section, that a Holder must follow in order to have its Securities
     purchased.

          (c) Holders electing to have a Security purchased will be required to
surrender the Security, with an appropriate form duly completed, to the Company
at the address specified in the notice at least three Business Days prior to the
purchase date. Holders will be entitled to withdraw their election if the
Trustee or the Company receives not later than one Business Day prior to the
purchase date, a telegram, telex, facsimile transmission or letter setting forth
the name of the Holder, the principal amount of the Security which was delivered
for purchase by the Holder and a statement that such Holder is withdrawing his
election to have such Security purchased.

          (d) On the purchase date, all Securities purchased by the Company
under this Section shall be delivered by the Company to the Trustee for
cancellation, and the Company shall pay the purchase price plus accrued and
unpaid interest, if any, to the Holders entitled thereto.

          (e) Notwithstanding the foregoing provisions of this Section, the
Company shall not be required to make a Change of Control Offer following a
Change of Control if a third party makes the Change of Control Offer in the
manner, at the times and otherwise in compliance with the requirements set forth
in this Section applicable to a

<PAGE>
                                                                              72

Change of Control Offer made by the Company and purchases all Securities
validly tendered and not withdrawn under such Change of Control Offer.

          (f) The Company shall comply, to the extent applicable, with the
requirements of Section 14(e) of the Exchange Act and any other securities laws
or regulations in connection with the repurchase of Securities pursuant to this
Section. To the extent that the provisions of any securities laws or regulations
conflict with provisions of this Section, the Company shall comply with the
applicable securities laws and regulations and shall not be deemed to have
breached its obligations under this Section by virtue of its compliance with
such securities laws or regulations.

          SECTION 4.11. LIMITATION ON LIENS. The Company shall not, and shall
not permit any Restricted Subsidiary to, directly or indirectly, Incur or permit
to exist any Lien (the "Initial Lien") of any nature whatsoever on any of its
property or assets (including Capital Stock of a Restricted Subsidiary, but
excluding Capital Stock of an Unrestricted Subsidiary), whether owned at the
Closing Date or thereafter acquired, other than Permitted Liens, without
effectively providing that the Securities shall be secured equally and ratably
with (or prior to) the obligations so secured for so long as such obligations
are so secured. Any Lien created for the benefit of the Holders of the
Securities pursuant to the foregoing sentence shall provide by its terms that
such Lien shall be automatically and unconditionally released and discharged
upon the release and discharge of the Initial Lien.

          SECTION 4.12. LIMITATION ON SALE/LEASEBACK TRANSACTIONS. The Company
shall not, and shall not permit any Restricted Subsidiary to, enter into any
Sale/Leaseback Transaction with respect to any property unless:

          (1) the Company or such Restricted Subsidiary would be entitled to:

               (A) Incur Indebtedness in an amount equal to the Attributable
          Debt with respect to such Sale/Leaseback Transaction pursuant to
          Section 4.03; and

               (B) create a Lien on such property securing such Attributable
          Debt without equally and

<PAGE>
                                                                              73

ratably securing the Securities pursuant to Section 4.11,

          (2) the net proceeds received by the Company or such Restricted
     Subsidiary in connection with such Sale/Leaseback Transaction are at least
     equal to the Fair Market Value of such property and

          (3) the transfer of such property is permitted by, and the Company
     applies the proceeds of such transaction in compliance with Section 4.06.

          SECTION 4.13. LIMITATION ON DESIGNATION OF SUBSIDIARIES AS
UNRESTRICTED SUBSIDIARIES. (a) Except as set forth below, the Company shall not
designate any Subsidiary as an Unrestricted Subsidiary at any time; provided,
however, that the Company may designate any Subsidiary of the Company (including
any newly acquired or newly formed Subsidiary of the Company) to be an
Unrestricted Subsidiary if:

          (1) such Subsidiary and its Subsidiaries do not own any Capital Stock
     or Indebtedness of, and do not own or hold any Lien on any property of, the
     Company or any other Subsidiary of the Company that is not a Subsidiary of
     the Subsidiary to be so designated, and either:

          (2) (A) with respect to the Specified Subsidiary Group, such
     designation is permitted under clause (b) below; or

               (B) with respect to any other Subsidiary, the Subsidiary to be so
          designated has total Consolidated assets of $1,000 or less, or if such
          Subsidiary has Consolidated assets greater than $1,000, then such
          designation would be permitted under Section 4.04, with the aggregate
          Fair Market Value of all outstanding Investments owned by the Company
          and its Restricted Subsidiaries in the Subsidiary so designated will
          be deemed to be an Investment made as of the time of such designation
          and either reducing the amount available for Restricted Payments under
          Section 4.04(a)(4)(C)(iv) or reducing the amount available for future
          Investments under one or more clauses of the definition of Permitted
          Investments, as the Company shall determine.

<PAGE>

                                                                              74

          (b) (1) The Company may designate all Subsidiaries that constitute
part of the Specified Subsidiary Group as Unrestricted Subsidiaries for all
purposes under the Indenture except as set forth below in clause (b)(2) below at
any time after or in connection with a Qualifying Subsidiary Stock Sale or a
Qualifying Subsidiary Stock Distribution if at such time, after giving effect
thereto and to any transactions (including any refinancings of Indebtedness)
occurring concurrently with such designation, the criteria in clause (a)(1)
above is satisfied and the following additional conditions are met:

               (A) the Adjusted Consolidated Leverage Ratio shall be not more
          than (x) 5.0 to 1 if the Specified Subsidiary is VHC and (y) 4.0 to 1
          if the Specified Subsidiary is RRM;

               (B) no Default has occurred and is continuing;

               (C) all the Indebtedness of such Subsidiary and its Subsidiaries
          shall, at the date of designation, and will at all times thereafter,
          consist of Non-Recourse Debt;

               (D) such Subsidiary, either alone or in the aggregate with all
          other Unrestricted Subsidiaries, does not operate, directly or
          indirectly, all or substantially all of the business of the Company
          and its Subsidiaries;

               (E) such Subsidiary is a Person with respect to which neither the
          Company nor any of its Restricted Subsidiaries has any direct or
          indirect obligation:

               (i) to subscribe for additional Capital Stock of such Person; or

               (ii) to maintain or preserve such Person's financial condition or
          to cause such Person to achieve any specified levels of operating
          results; and

               (F) on the date such Subsidiary is designated an Unrestricted
          Subsidiary any agreement or transaction between such Subsidiary

<PAGE>

                                                                              75

          and the Company or any Restricted Subsidiary is permitted under
          Section 4.07.

          For the avoidance of doubt, the designation of the Specified
Subsidiary Group as Unrestricted Subsidiaries shall not require compliance with
Section 4.04 with respect to the Investment of the Company and its Restricted
Subsidiaries in the Specified Subsidiary Group at the time of designation, but
such Investment shall be included in the calculation of the amount available for
Restricted Payments thereafter as provided in Section 4.04.

          (2) The Company shall not be entitled to revoke the designation of the
     Specified Subsidiary Group as Unrestricted Subsidiaries after its
     effectiveness. Immediately upon the effectiveness of such designation and
     for all purposes thereafter under the Indenture, the covenants, events of
     defaults and other terms of the Indenture applicable to the Restricted
     Subsidiaries of the Company will not apply to the Specified Subsidiary
     Group except as follows:

               (A) Section 4.04 will continue to apply to the making by the
          Company or any Restricted Subsidiary of any dividend, distribution or
          any similar payment to the holders of its Capital Stock that is
          payable in the Capital Stock of VHC, and

               (B) Section 4.06 will continue to apply, to the extent provided
          therein, to any Asset Disposition by the Company or any Restricted
          Subsidiary of any Capital Stock of VHC or its Subsidiaries.

          (c) The Company shall have the right, on one occasion at any time, to
designate either (but not both) of VHC or RRM as the "Specified Subsidiary".
Such designation shall be made by action of the Board of Directors and shall be
effective upon notification in writing to the Trustee. The designation of VHC or
RRM as the Specified Subsidiary may be made at any time prior to designating the
Specified Subsidiary Group as Unrestricted Subsidiaries, and it shall not
obligate the Company thereafter to designate the Specified Subsidiary Group as
Unrestricted Subsidiaries; provided that the designation of the Specified
Subsidiary shall be irrevocable and must be

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                                                                              76

made prior to or concurrently with the designation of the Specified Subsidiary
Group as Unrestricted Subsidiaries.

          (d) The Board of Directors may designate any Unrestricted Subsidiary
(other than a member of the Specified Subsidiary Group that has been designated
an Unrestricted Subsidiary) to be a Restricted Subsidiary; provided, however,
that:

               (x) such designation shall be deemed to be an incurrence of
          Indebtedness by a Restricted Subsidiary of the Company of any
          outstanding Indebtedness of such Unrestricted Subsidiary and such
          designation shall only be permitted if such Indebtedness is permitted
          under Section 4.03, calculated on a pro forma basis as if such
          designation had occurred at the beginning of the four-quarter
          reference period; and

               (y) immediately after giving effect to such designation, no
          Default shall have occurred and be continuing.

          (e) Any designation of a Subsidiary as a Restricted Subsidiary or
Unrestricted Subsidiary, any designation of the Specified Subsidiary, and any
designation of the Specified Subsidiary Group as Unrestricted Subsidiaries shall
be made by the Board of Directors, shall be evidenced to the Trustee by promptly
filing with the Trustee a copy of the resolution of the Board of Directors
giving effect to such designation and an Officers' Certificate certifying that
such designation complied with the foregoing provisions, and shall be effective
upon such filing.

          SECTION 4.14. RATINGS. As promptly as reasonably practicable after the
Closing Date, the Company will use its reasonable efforts to obtain a rating of
the Securities from either Standard & Poor's Ratings Group, Inc. or Moody's
Investors Service, Inc.

          SECTION 4.15. COMPLIANCE CERTIFICATE. The Company shall deliver to the
Trustee within 120 days after the end of each fiscal year of the Company an
Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default that
occurred during such period. If they do, the certificate

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                                                                              77

shall describe the Default, its status and what action the Company is taking
or proposes to take with respect thereto. The Company also shall comply with
TIA ss. 314(a)(4).

          SECTION 4.16. FURTHER INSTRUMENTS AND ACTS. Upon request of the
Trustee, the Company will execute and deliver such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more
effectively the purpose of this Indenture.

                                    ARTICLE 5

                                SUCCESSOR COMPANY

          SECTION 5.01. WHEN COMPANY MAY MERGE OR TRANSFER ASSETS. (a) The
Company shall not consolidate with or merge with or into, or convey, transfer or
lease, all or substantially all its assets to, any Person, unless:

          (1) the resulting, surviving or transferee Person (the "Successor
     Company") shall be a Person organized and existing under the laws of the
     United States of America, any State thereof or the District of Columbia and
     the Successor Company (if not the Company) shall expressly assume, by an
     indenture supplemental hereto, executed and delivered to the Trustee, in
     form satisfactory to the Trustee, all the obligations of the Company under
     the Securities and this Indenture;

          (2) immediately after giving pro forma effect to such transaction (and
     treating any Indebtedness which becomes an obligation of the Successor
     Company or any Subsidiary as a result of such transaction as having been
     Incurred by the Successor Company or such Subsidiary at the time of such
     transaction), no Default shall have occurred and be continuing;

          (3) immediately after giving pro forma effect to such transaction, the
     Successor Company would be able to Incur an additional $1.00 of
     Indebtedness pursuant to Section 4.03(a);

          (4) immediately after giving pro forma effect to such transaction, the
     Successor Company shall have Consolidated Net Worth in an amount that is
     not less than the Consolidated Net Worth of the Company immediately prior
     to such transaction; (or, in the

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                                                                              78

     event that, concurrently with such merger or consolidation, the Specified
     Subsidiary Group is designated as Unrestricted Subsidiaries in accordance
     with and subject to Section 4.13, the Successor Company will have
     Consolidated Net Worth in an amount which is not less than the Consolidated
     Net Worth of the Company, excluding the Specified Subsidiary Group,
     immediately prior to such transaction); and

          (5) the Company shall have delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel, each stating that such
     consolidation, merger or transfer and such supplemental indenture (if any)
     comply with this Indenture.

          The Successor Company will succeed to, and be substituted for, and may
exercise every right and power of, the Company under this Indenture, and the
predecessor Company, except in the case of a lease, shall be released from the
obligation to pay the principal of and interest on the Securities.

          Notwithstanding the foregoing:

               (A) any Restricted Subsidiary may consolidate with, merge into or
          transfer all or part of its properties and assets to the Company; and

               (B) the Company may merge with an Affiliate incorporated solely
          for the purpose of reincorporating the Company in another jurisdiction
          to realize tax or other benefits; and

               (C) nothing herein shall limit any conveyance, transfer or lease
          of assets between or among any of the Company and its Restricted
          Subsidiaries.

                                    ARTICLE 6

                              DEFAULTS AND REMEDIES

          SECTION 6.01. EVENTS OF DEFAULT. An "Event of Default" occurs if:

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                                                                              79

          (1) the Company defaults in any payment of interest on any Security
     when the same becomes due and payable, and such default continues for a
     period of 30 days;

          (2) the Company (A) defaults in the payment of principal of any
     Security when the same becomes due and payable at its Stated Maturity, upon
     optional redemption, upon declaration of acceleration or otherwise, or (B)
     fails to purchase Securities when required pursuant to this Indenture or
     the Securities;

          (3) the Company fails to comply with Section 5.01;

          (4) the Company fails to comply with Section 4.02, 4.03, 4.04, 4.05,
     4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13 or 4.14 (other than a
     failure to purchase Securities when required under Section 4.06 or 4.10)
     and such failure continues for 60 days after the notice specified below;

          (5) the Company fails to comply with any covenant set forth in the
     Securities or this Indenture (other than those referred to in clause (1),
     (2), (3) or (4) above) and such failure continues for 90 days after the
     notice specified below;

          (6) Indebtedness of the Company or any Significant Subsidiary is not
     paid within any applicable grace period after final maturity or is
     accelerated by the holders thereof because of a default and the total
     amount of such Indebtedness unpaid or accelerated exceeds $5.0 million or
     its foreign currency equivalent at the time;

          (7) the Company or any Significant Subsidiary pursuant to or within
     the meaning of any Bankruptcy Law:

               (A) commences a voluntary case;

               (B) consents to the entry of an order for relief against it in an
          involuntary case;

               (C) consents to the appointment of a Custodian of it or for any
          substantial part of its property; or

<PAGE>

                                                                              80

               (D) makes a general assignment for the benefit of its creditors;

          or takes any comparable action under any foreign laws relating to
          insolvency;

          (8) a court of competent jurisdiction enters an order or decree under
     any Bankruptcy Law that:

               (A) is for relief against the Company or any Significant
          Subsidiary in an involuntary case;

               (B) appoints a Custodian of the Company or any Significant
          Subsidiary or for any substantial part of its property; or

               (C) orders the winding up or liquidation of the Company or any
          Significant Subsidiary;

     or any similar relief is granted under any foreign laws and the order or
     decree remains unstayed and in effect for 60 days; or

          (9) any judgment or decree for the payment of money in excess of $5.0
     million or its foreign currency equivalent at the time is entered against
     the Company or any Significant Subsidiary if:

               (A) an enforcement proceeding thereon is commenced by any
          creditor or

               (B) such judgment or decree remains outstanding for a period of
          60 days following such judgment or decree and is not discharged,
          waived or stayed (the "judgment default provision").

          The foregoing will constitute Events of Default whatever the reason
for any such Event of Default and whether it is voluntary or involuntary or is
effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental
body.

          The term "Bankruptcy Law" means Title 11, United States Code, or any
similar Federal or state law for the relief of debtors. The term "Custodian"
means any

<PAGE>
                                                                              81

receiver, trustee, assignee, liquidator, custodian or similar official under any
Bankruptcy Law.

          A Default under clause (4), (5) or (6) is not an Event of Default
until the Trustee or the holders of at least 25% in principal amount of the
outstanding Securities notify the Company of the Default and the Company does
not cure such Default within the time specified in clause (4), (5) or (6) after
receipt of such notice. Such notice must specify the Default, demand that it be
remedied and state that such notice is a "Notice of Default".

          The Company shall deliver to the Trustee, within 30 days after the
occurrence thereof, written notice in the form of an Officers' Certificate of
any event which with the giving of notice or the lapse of time would become an
Event of Default under clause (4), (5) or (6), its status and what action the
Company is taking or proposes to take with respect thereto.

          SECTION 6.02. ACCELERATION. If an Event of Default (other than an
Event of Default specified in Section 6.01(7) or (8) with respect to the
Company) occurs and is continuing, the Trustee by notice to the Company, or the
Holders of at least 25% in principal amount of the outstanding Securities by
notice to the Company and the Trustee, may declare the principal of and accrued
but unpaid interest on all the Securities to be due and payable. Upon such a
declaration, such principal and interest and any premium on the Securities shall
be due and payable immediately. If an Event of Default specified in Section
6.01(7) or (8) with respect to the Company occurs, the principal of and interest
on all the Securities shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any
Securityholders. The Holders of a majority in principal amount of the
outstanding Securities by notice to the Trustee may rescind an acceleration and
its consequences if the rescission would not conflict with any judgment or
decree and if all existing Events of Default have been cured or waived except
nonpayment of principal or interest that has become due solely because of
acceleration. No such rescission shall affect any subsequent Default or impair
any right consequent thereto.

          SECTION 6.03. OTHER REMEDIES. If an Event of Default occurs and is
continuing, the Trustee may pursue any available remedy to collect the payment
of principal of

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                                                                              82

or interest or premium on the Securities or to enforce the performance of any
provision of the Securities or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any
of the Securities or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Securityholder in exercising any right or remedy
accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative.

          SECTION 6.04. WAIVER OF PAST DEFAULTS. The Holders of a majority in
principal amount of the Securities by notice to the Trustee may waive an
existing Default and its consequences except (a) a Default in the payment of the
principal of or interest on a Security, (b) a Default arising from the failure
to redeem or purchase any Security when required pursuant to this Indenture or
(c) a Default in respect of a provision that under Section 9.02 cannot be
amended without the consent of each Securityholder affected. When a Default is
waived, it is deemed cured, but no such waiver shall extend to any subsequent or
other Default or impair any consequent right.

          SECTION 6.05. CONTROL BY MAJORITY. The Holders of a majority in
principal amount of the outstanding Securities may direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or of
exercising any trust or power conferred on the Trustee. However, the Trustee may
refuse to follow any direction that conflicts with law or this Indenture or,
subject to Section 7.01, that the Trustee determines is unduly prejudicial to
the rights of other Securityholders or would involve the Trustee in personal
liability; provided, however, that the Trustee may take any other action deemed
proper by the Trustee that is not inconsistent with such direction. Prior to
taking any action hereunder, the Trustee shall be entitled to indemnification
satisfactory to it in its sole discretion against all losses and expenses caused
by taking or not taking such action.

          SECTION 6.06. LIMITATION ON SUITS. Except to enforce the right to
receive payment of principal, premium (if any) or interest when due, no
Securityholder may pursue

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                                                                              83

any remedy with respect to this Indenture or the Securities unless:

          (1) the Holder gives to the Trustee written notice stating that an
     Event of Default is continuing;

          (2) the Holders of at least 25% in principal amount of the outstanding
     Securities make a written request to the Trustee to pursue the remedy;

          (3) such Holders offer to the Trustee reasonable security or indemnity
     against any loss, liability or expense;

          (4) the Trustee does not comply with the request within 60 days after
     receipt of the request and the offer of security or indemnity; and

          (5) the Holders of a majority in principal amount of the Securities do
     not give the Trustee a direction inconsistent with the request during such
     60-day period.

          A Securityholder may not use this Indenture to prejudice the rights of
     another Securityholder or to obtain a preference or priority over another
     Securityholder.

          SECTION 6.07. RIGHTS OF HOLDERS TO RECEIVE PAYMENT. Notwithstanding
any other provision of this Indenture, the right of any Holder to receive
payment of principal of and interest on the Securities held by such Holder, on
or after the respective due dates expressed in the Securities, or to bring suit
for the enforcement of any such payment on or after such respective dates, shall
not be impaired or affected without the consent of such Holder.

          SECTION 6.08. COLLECTION SUIT BY TRUSTEE. If an Event of Default
specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may
recover judgment in its own name and as trustee of an express trust against the
Company for the whole amount then due and owing (together with interest on any
unpaid interest to the extent lawful) and the amounts provided for in Section
7.07.

          SECTION 6.09. TRUSTEE MAY FILE PROOFS OF CLAIM. The Trustee may file
such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and the Securityholders

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                                                                              84

allowed in any judicial proceedings relative to the Company, its creditors or
its property and, unless prohibited by law or applicable regulations, may vote
on behalf of the Holders in any election of a trustee in bankruptcy or other
Person performing similar functions, and any Custodian in any such judicial
proceeding is hereby authorized by each Holder to make payments to the Trustee
and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for
the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and its counsel, and any other amounts due the Trustee
under Section 7.07.

          SECTION 6.10. PRIORITIES. If the Trustee collects any money or
property pursuant to this Article 6, it shall pay out the money or property in
the following order:

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to Securityholders for amounts due and unpaid on the
Securities for principal and interest, ratably, without preference or priority
of any kind, according to the amounts due and payable on the Securities for
principal and interest, respectively; and

          THIRD: to the Company.

          The Trustee may fix a record date and payment date for any payment to
Securityholders pursuant to this Section. At least 15 days before such record
date, the Company shall mail to each Securityholder and the Trustee a notice
that states the record date, the payment date and amount to be paid.

          SECTION 6.11. UNDERTAKING FOR COSTS. In any suit for the enforcement
of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of an undertaking to pay
the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys' fees, against any party litigant in the
suit, having due regard to the merits and good faith of the claims or defenses
made by the party

<PAGE>

                                                                              85

litigant. This Section does not apply to a suit by the Trustee, a suit by a
Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in
principal amount of the Securities.

          SECTION 6.12. WAIVER OF STAY OR EXTENSION LAWS. The Company (to the
extent it may lawfully do so) shall not at any time insist upon, or plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay or
extension law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company (to
the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law, and shall not hinder, delay or impede the execution
of any power herein granted to the Trustee, but shall suffer and permit the
execution of every such power as though no such law had been enacted.

                                    ARTICLE 7

                                     TRUSTEE

          SECTION 7.01. DUTIES OF TRUSTEE. (a) If an Event of Default has
occurred and is continuing, the Trustee shall exercise the rights and powers
vested in it by this Indenture and use the same degree of care and skill in
their exercise as a prudent Person would exercise or use under the circumstances
in the conduct of such Person's own affairs.

          (b) Except during the continuance of an Event of Default:

          (1) the Trustee undertakes to perform such duties and only such duties
     as are specifically set forth in this Indenture and no implied covenants or
     obligations shall be read into this Indenture against the Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness of
     the opinions expressed therein, upon certificates or opinions furnished to
     the Trustee and conforming to the requirements of this Indenture. However,
     the Trustee shall examine the certificates and opinions to

<PAGE>
                                                                              86

     determine whether or not they conform to the requirements of this
     Indenture.

          (c) The Trustee may not be relieved from liability for its own
     negligent action, its own negligent failure to act or its own wilful
     misconduct, except that:

               (1) this paragraph does not limit the effect of paragraph (b) of
          this Section;

               (2) the Trustee shall not be liable for any error of judgment
          made in good faith by a Trust Officer unless it is proved that the
          Trustee was negligent in ascertaining the pertinent facts; and

               (3) the Trustee shall not be liable with respect to any action it
          takes or omits to take in good faith in accordance with a direction
          received by it pursuant to Section 6.05.

          (d) Every provision of this Indenture that in any way relates to the
     Trustee is subject to paragraphs (a), (b) and (c) of this Section.

          (e) The Trustee shall not be liable for interest on any money received
     by it except as the Trustee may agree in writing with the Company.

          (f) Money held in trust by the Trustee need not be segregated from
     other funds except to the extent required by law.

          (g) No provision of this Indenture shall require the Trustee to expend
     or risk its own funds or otherwise incur financial liability in the
     performance of any of its duties hereunder or in the exercise of any of its
     rights or powers, if it shall have reasonable grounds to believe that
     repayment of such funds or adequate indemnity against such risk or
     liability is not reasonably assured to it.

          (h) Every provision of this Indenture relating to the conduct or
     affecting the liability of or affording protection to the Trustee shall be
     subject to the provisions of this Section and to the provisions of the TIA.

          SECTION 7.02. RIGHTS OF TRUSTEE. (a) The Trustee may rely on any
document believed by it to be

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                                                                              87

genuine and to have been signed or presented by the proper person. The Trustee
need not investigate any fact or matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate or an Opinion of Counsel. The Trustee shall not be liable
for any action it takes or omits to take in good faith in reliance on the
Officers' Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible
for the misconduct or negligence of any agent appointed with due care.

          (d) The Trustee shall not be liable for any action it takes or omits
to take in good faith which it believes to be authorized or within its rights or
powers; provided, however, that the Trustee's conduct does not constitute wilful
misconduct or negligence.

          (e) The Trustee may consult with counsel, and the advice or opinion of
counsel with respect to legal matters relating to this Indenture and the
Securities shall be full and complete authorization and protection from
liability in respect to any action taken, omitted or suffered by it hereunder in
good faith and in accordance with the advice or opinion of such counsel.

          SECTION 7.03. INDIVIDUAL RIGHTS OF TRUSTEE. The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities
and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not Trustee. Any Paying Agent, Registrar, co-registrar
or co-paying agent may do the same with like rights. However, the Trustee must
comply with Sections 7.10 and 7.11.

          SECTION 7.04. TRUSTEE'S DISCLAIMER. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of
this Indenture or the Securities, it shall not be accountable for the Company's
use of the proceeds from the Securities, and it shall not be responsible for any
statement of the Company in the Indenture or in any document issued in
connection with the sale of the Securities or in the Securities other than the
Trustee's certificate of authentication.

<PAGE>

                                                                              88

          SECTION 7.05. NOTICE OF DEFAULTS. If a Default occurs and is
continuing and if it is known to the Trustee, the Trustee shall mail to each
Securityholder notice of the Default within the earlier of 90 days after it
occurs or 30 days after it is known to a Trust Officer or written notice of it
is received by the Trustee. Except in the case of a Default in payment of
principal of or interest on any Security (including payments pursuant to the
redemption provisions of such Security, if any), the Trustee may withhold the
notice if and so long as a committee of its Trust Officers in good faith
determines that withholding the notice is in the interests of Securityholders.

          SECTION 7.06. REPORTS BY TRUSTEE TO HOLDERS. As promptly as
practicable after each February 15 beginning with the February 15 following the
date of this Indenture, and in any event prior to May 15 in each year, the
Trustee shall mail to each Securityholder a brief report dated as of February 15
that complies with TIA ss. 313(a). The Trustee also shall comply with TIA ss.
313(b).

          A copy of each report at the time of its mailing to Securityholders
shall be filed with the SEC and each stock exchange (if any) on which the
Securities are listed. The Company agrees to notify promptly the Trustee
whenever the Securities become listed on any stock exchange and of any delisting
thereof.

          SECTION 7.07. COMPENSATION AND INDEMNITY. The Company shall pay to the
Trustee from time to time reasonable compensation for its services. The
Trustee's compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred or made by it,
including costs of collection, in addition to the compensation for its services.
Such expenses shall include the reasonable compensation and expenses,
disbursements and advances of the Trustee's agents, counsel, accountants and
experts. The Company shall indemnify the Trustee against any and all loss,
liability or expense (including attorneys' fees) incurred by it in connection
with the administration of this trust and the performance of its duties
hereunder. The Trustee shall notify the Company promptly of any claim for which
it may seek indemnity. Failure by the Trustee to so notify the Company shall not
relieve the Company of its obligations hereunder. The Company shall defend the
claim and the Trustee may have separate counsel and the Company

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                                                                              89

shall pay the fees and expenses of such counsel. The Company need not reimburse
any expense or indemnify against any loss, liability or expense incurred by the
Trustee through the Trustee's own wilful misconduct, negligence or bad faith.

          To secure the Company's payment obligations in this Section, the
Trustee shall have a lien prior to the Securities on all money or property held
or collected by the Trustee other than money or property held in trust to pay
principal of and interest on particular Securities.

          The Company's payment obligations pursuant to this Section shall
survive the discharge of this Indenture. When the Trustee incurs expenses after
the occurrence of a Default specified in Section 6.01(7) or (8) with respect to
the Company, the expenses are intended to constitute expenses of administration
under the Bankruptcy Law.

          SECTION 7.08. REPLACEMENT OF TRUSTEE. The Trustee may resign at any
time by so notifying the Company. The Holders of a majority in principal amount
of the Securities may remove the Trustee by so notifying the Trustee and may
appoint a successor Trustee. The Company shall remove the Trustee if:

          (1) the Trustee fails to comply with Section 7.10;

          (2) the Trustee is adjudged bankrupt or insolvent;

          (3) a receiver or other public officer takes charge of the Trustee or
     its property; or

          (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Company or by the Holders of
a majority in principal amount of the Securities and such Holders do not
reasonably promptly appoint a successor Trustee, or if a vacancy exists in the
office of Trustee for any reason (the Trustee in such event being referred to
herein as the retiring Trustee), the Company shall promptly appoint a successor
Trustee.

          A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and

<PAGE>

to the Company. Thereupon the resignation or removal of the retiring Trustee
shall become effective, and the successor Trustee shall have all the rights,
powers and duties of the Trustee under this Indenture. The successor Trustee
shall mail a notice of its succession to Securityholders. The retiring Trustee
shall promptly transfer all property held by it as Trustee to the successor
Trustee, subject to the lien provided for in Section 7.07.

          If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee or the Holders of
10% in principal amount of the Securities may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

          If the Trustee fails to comply with Section 7.10, any Securityholder
may petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this
Section, the Company's obligations under Section 7.07 shall continue for the
benefit of the retiring Trustee.

          SECTION 7.09. SUCCESSOR TRUSTEE BY MERGER. If the Trustee consolidates
with, merges or converts into, or transfers all or substantially all its
corporate trust business or assets to, another corporation or banking
association, the resulting, surviving or transferee corporation without any
further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion
or consolidation to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities shall have been authenticated but not delivered,
any such successor to the Trustee may adopt the certificate of authentication of
any predecessor trustee, and deliver such Securities so authenticated; and in
case at that time any of the Securities shall not have been authenticated, any
successor to the Trustee may authenticate such Securities either in the name of
any predecessor hereunder or in the name of the successor to the Trustee; and in
all such cases such certificates shall have the full force

<PAGE>

                                                                              91

which it is anywhere in the Securities or in this Indenture provided that the
certificate of the Trustee shall have.

          SECTION 7.10. ELIGIBILITY; DISQUALIFICATION. The Trustee shall at all
times satisfy the requirements of TIA ss. 310(a). The Trustee shall have a
combined capital and surplus of at least $50,000,000 as set forth in its most
recent published annual report of condition. The Trustee shall comply with TIA
ss. 310(b); provided, however, that there shall be excluded from the operation
of TIA ss. 310(b)(1) any indenture or indentures under which other securities or
certificates of interest or participation in other securities of the Company are
outstanding if the requirements for such exclusion set forth in TIA ss.
310(b)(1) are met.

          SECTION 7.11. PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY. The
Trustee shall comply with TIA ss. 311(a), excluding any creditor relationship
listed in TIA ss. 311(b). A Trustee who has resigned or been removed shall be
subject to TIA ss. 311(a) to the extent indicated.

                                    ARTICLE 8

                       DISCHARGE OF INDENTURE; DEFEASANCE

          SECTION 8.01. DISCHARGE OF LIABILITY ON SECURITIES; DEFEASANCE. (a)
When (1) the Company delivers to the Trustee all outstanding Securities (other
than Securities replaced pursuant to Section 2.07) for cancellation or (2) all
outstanding Securities have become due and payable, whether at maturity or on a
redemption date as a result of the mailing of a notice of redemption pursuant to
Article 3 hereof and the Company irrevocably deposits with the Trustee funds
sufficient to pay at maturity or upon redemption all outstanding Securities,
including interest thereon to maturity or such redemption date (other than
Securities replaced pursuant to Section 2.07), and if in either case the Company
pays all other sums payable hereunder by the Company, then this Indenture shall,
subject to Section 8.01(c), cease to be of further effect. The Trustee shall
acknowledge satisfaction and discharge of this Indenture on demand of the
Company accompanied by an Officers' Certificate and an Opinion of Counsel and at
the cost and expense of the Company.

          (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may
terminate (1) all its obligations

<PAGE>

                                                                              92

under the Securities and this Indenture ("legal defeasance option") or (2) its
obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09,
4.10, 4.11, 4.12, 4.13 and 4.14 and the operation of Sections 6.01(3),
6.01(4), 6.01(5), 6.01(6), 6.01(7), 6.01(8) and 6.01(9) (but, in the case of
Sections 6.01(7) and (8), with respect only to Significant Subsidiaries) and
the limitations contained in Sections 5.01(a)(3) and (4) ("covenant defeasance
option"). The Company may exercise its legal defeasance option notwithstanding
its prior exercise of its covenant defeasance option.

          If the Company exercises its legal defeasance option, payment of the
Securities may not be accelerated because of an Event of Default with respect
thereto. If the Company exercises its covenant defeasance option, payment of the
Securities may not be accelerated because of an Event of Default specified in
Section 6.01(3), 6.01(4), 6.01(5), 6.01(6), 6.01(7), 6.01(8) or 6.01(9) (but, in
the case of Sections 6.01(7) and (8), with respect only to Significant
Subsidiaries) or because of the failure of the Company to comply with Section
5.01(a)(3) or (4).

          Upon satisfaction of the conditions set forth herein and upon request
of the Company, the Trustee shall acknowledge in writing the discharge of those
obligations that the Company terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company's
obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 7.07 and 7.08 and in
this Article 8 shall survive until the Securities have been paid in full.
Thereafter, the Company's obligations in Sections 7.07, 8.04 and 8.05 shall
survive.

          SECTION 8.02. CONDITIONS TO DEFEASANCE. The Company may exercise its
legal defeasance option or its covenant defeasance option only if:

          (1) the Company irrevocably deposits in trust with the Trustee money
     or U.S. Government Obligations, the principal of and interest on which will
     be sufficient, or a combination thereof sufficient, to pay the principal of
     and premium (if any) and interest on the Securities to maturity or
     redemption, as the case may be;

<PAGE>
                                                                              93

          (2) the Company delivers to the Trustee a certificate from a
     nationally recognized firm of independent accountants expressing their
     opinion that the payments of principal and interest when due and without
     reinvestment on the deposited U.S. Government Obligations plus any
     deposited money without investment will provide cash at such times and in
     such amounts as will be sufficient to pay principal and interest when due
     on all the Securities to maturity or redemption, as the case may be;

          (3) 123 days pass after the deposit is made and during the 123-day
     period no Default specified in Sections 6.01(7) or (8) with respect to the
     Company occurs which is continuing at the end of the period;

          (4) the deposit does not constitute a default under any other
     agreement binding on the Company;

          (5) the Company delivers to the Trustee an Opinion of Counsel to the
     effect that the trust resulting from the deposit does not constitute, or is
     qualified as, a regulated investment company under the Investment Company
     Act of 1940;

          (6) in the case of the legal defeasance option, the Company shall have
     delivered to the Trustee an Opinion of Counsel stating that (A) the Company
     has received from, or there has been published by, the Internal Revenue
     Service a ruling, or (B) since the date of this Indenture there has been a
     change in the applicable Federal income tax law, in either case to the
     effect that, and based thereon such Opinion of Counsel shall confirm that,
     the Securityholders will not recognize income, gain or loss for Federal
     income tax purposes as a result of such defeasance and will be subject to
     Federal income tax on the same amounts, in the same manner and at the same
     times as would have been the case if such defeasance had not occurred;

          (7) in the case of the covenant defeasance option, the Company shall
     have delivered to the Trustee an Opinion of Counsel to the effect that the
     Securityholders will not recognize income, gain or loss for Federal income
     tax purposes as a result of such covenant defeasance and will be subject to
     Federal income tax on the same amounts, in the same

<PAGE>
                                                                              94

     manner and at the same times as would have been the case if such covenant
     defeasance had not occurred; and

          (8) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that all conditions precedent to the
     defeasance and discharge of the Securities as contemplated by this Article
     8 have been complied with.

          Before or after a deposit, the Company may make arrangements
satisfactory to the Trustee for the redemption of Securities at a future date in
accordance with Article 3.

          SECTION 8.03. APPLICATION OF TRUST MONEY. The Trustee shall hold in
trust money or U.S. Government Obligations deposited with it pursuant to this
Article 8. It shall apply the deposited money and the money from U.S. Government
Obligations through the Paying Agent and in accordance with this Indenture to
the payment of principal of and interest on the Securities.

          SECTION 8.04. REPAYMENT TO COMPANY. The Trustee and the Paying Agent
shall promptly turn over to the Company upon request any excess money or
securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the
Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal or interest that remains unclaimed for two years, and,
thereafter, Securityholders entitled to the money must look to the Company for
payment as general creditors.

          SECTION 8.05. INDEMNITY FOR GOVERNMENT OBLIGATIONS. The Company shall
pay and shall indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against deposited U.S. Government Obligations or the principal
and interest received on such U.S. Government Obligations.

          SECTION 8.06. REINSTATEMENT. If the Trustee or Paying Agent is unable
to apply any money or U.S. Government Obligations in accordance with this
Article 8 by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the

<PAGE>
                                                                              95

Company's obligations under this Indenture and the Securities shall be revived
and reinstated as though no deposit had occurred pursuant to this Article 8
until such time as the Trustee or Paying Agent is permitted to apply all such
money or U.S. Government Obligations in accordance with this Article 8;
provided, however, that, if the Company has made any payment of interest on or
principal of any Securities because of the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Securities to
receive such payment from the money or U.S. Government Obligations held by the
Trustee or Paying Agent.

                                    ARTICLE 9

                                   AMENDMENTS

          SECTION 9.01. WITHOUT CONSENT OF HOLDERS. The Company and the Trustee
may amend this Indenture or the Securities without notice to or consent of any
Securityholder:

          (1) to cure any ambiguity, omission, defect or inconsistency;

          (2) to comply with Article 5 and to provide for the assumption by a
     successor corporation of the obligations of the Company under this
     Indenture;

          (3) to provide for uncertificated Securities in addition to or in
     place of certificated Securities; provided, however, that the
     uncertificated Securities are issued in registered form for purposes of
     Section 163(f) of the Code or in a manner such that the uncertificated
     Securities are described in Section 163(f)(2)(B) of the Code;

          (4) to add Guarantees with respect to the Securities or to secure the
     Securities;

          (5) to add to the covenants of the Company for the benefit of the
     Holders or to surrender any right or power herein conferred upon the
     Company;

          (6) to comply with any requirements of the SEC in connection with
     qualifying, or maintaining the qualification of, this Indenture under the
     TIA;

<PAGE>
                                                                              96

          (7) to make any change that does not adversely affect the rights of
     any Securityholder; or

          (8) to provide for the issuance of the Exchange Securities or
     Additional Securities, which shall have terms substantially identical in
     all material respects to the Initial Securities (except that the transfer
     restrictions contained in the Initial Securities shall be modified or
     eliminated , as appropriate), and which shall be treated, together with any
     outstanding Initial Securities, as a single issue of securities.

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to give such notice to all Securityholders, or any defect therein, shall
not impair or affect the validity of an amendment under this Section.

          SECTION 9.02. WITH CONSENT OF HOLDERS. The Company and the Trustee may
amend this Indenture or the Securities without notice to any Securityholder but
with the written consent of the Holders of at least a majority in principal
amount of the Securities then outstanding (including consents obtained in
connection with a tender offer or exchange for the Securities). However, without
the consent of each Securityholder affected thereby, an amendment or waiver may
not:

          (1) reduce the amount of Securities whose Holders must consent to an
     amendment;

          (2) reduce the rate of or extend the time for payment of interest on
     any Security;

          (3) reduce the principal of or extend the Stated Maturity of any
     Security;

          (4) reduce the premium payable upon the redemption of any Security or
     change the time at which any Security may be redeemed pursuant to paragraph
     5 of the Securities;

          (5) make any Security payable in money other than that stated in the
     Security;

          (6) impair the right of any Holder to receive payment of principal of
     and interest or any premium on

<PAGE>
                                                                              97

     such Holder's Securities on or after the due dates therefor or to institute
     suit for the enforcement of any payment on or with respect to such Holder's
     Securities;

          (7) make any change in Section 6.04 or 6.07 or the second sentence of
     this Section; or

          (8) waive (A) any Default or Event of Default in the payment of the
     principal or interest on a Security or (B) a Default arising from the
     failure to redeem or purchase any Security when required pursuant to this
     Indenture.

          It shall not be necessary for the consent of the Holders under this
Section to approve the particular form of any proposed amendment, but it shall
be sufficient if such consent approves the substance thereof.

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to give such notice to all Securityholders, or any defect therein, shall
not impair or affect the validity of an amendment under this Section.

          SECTION 9.03. COMPLIANCE WITH TRUST INDENTURE ACT. Every amendment to
this Indenture or the Securities shall comply with the TIA as then in effect.

          SECTION 9.04. REVOCATION AND EFFECT OF CONSENTS AND WAIVERS. A consent
to an amendment or a waiver by a Holder of a Security shall bind the Holder and
every subsequent Holder of that Security or portion of the Security that
evidences the same debt as the consenting Holder's Security, even if notation of
the consent or waiver is not made on the Security. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder's Security
or portion of the Security if the Trustee receives the notice of revocation
before the date the amendment or waiver becomes effective. After an amendment or
waiver becomes effective, it shall bind every Securityholder. An amendment or
waiver becomes effective upon the execution of such amendment or waiver by the
Trustee.

          The Company may, but shall not be obligated to, fix a record date for
the purpose of determining the

<PAGE>
                                                                              98

Securityholders entitled to give their consent or take any other action
described above or required or permitted to be taken pursuant to this Indenture.
If a record date is fixed, then notwithstanding the immediately preceding
paragraph, those Persons who were Securityholders at such record date (or their
duly designated proxies), and only those Persons, shall be entitled to give such
consent or to revoke any consent previously given or to take any such action,
whether or not such Persons continue to be Holders after such record date. No
such consent shall be valid or effective for more than 120 days after such
record date.

          SECTION 9.05. NOTATION ON OR EXCHANGE OF SECURITIES. If an amendment
changes the terms of a Security, the Trustee may require the Holder of the
Security to deliver it to the Trustee. The Trustee may place an appropriate
notation on the Security regarding the changed terms and return it to the
Holder. Alternatively, if the Company or the Trustee so determines, the Company
in exchange for the Security shall issue and the Trustee shall authenticate a
new Security that reflects the changed terms. Failure to make the appropriate
notation or to issue a new Security shall not affect the validity of such
amendment.

          SECTION 9.06. TRUSTEE TO SIGN AMENDMENTS. The Trustee shall sign any
amendment authorized pursuant to this Article 9 if the amendment does not
adversely affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may but need not sign it. In signing such amendment the
Trustee shall be entitled to receive indemnity reasonably satisfactory to it and
to receive, and (subject to Section 7.01) shall be fully protected in relying
upon, an Officers' Certificate and an Opinion of Counsel stating that such
amendment is authorized or permitted by this Indenture.

                                   ARTICLE 10

                                  MISCELLANEOUS

          SECTION 10.01. TRUST INDENTURE ACT CONTROLS. If any provision of this
Indenture limits, qualifies or conflicts with another provision which is
required to be included in this Indenture by the TIA, the required provision
shall control.

<PAGE>
                                                                              99

          SECTION 10.02. NOTICES. Any notice or communication shall be in
writing and delivered in person or mailed by first-class mail addressed as
follows:

               if to the Company:

               Roto-Rooter, Inc.
               255 East Fifth Street
               Cincinnati, Ohio 45202
               Facsimile: (513) 287-6216
               Attention: General Counsel

               if to the Trustee:

               LaSalle Bank National Association
               135 S. LaSalle Street
               Suite 1960
               Chicago, IL 60603
               Facsimile: (312) 904-2236
               Attention: Erik Benson

          The Company or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

          Any notice or communication mailed to a Securityholder shall be mailed
to the Securityholder at the Securityholder's address as it appears on the
registration books of the Registrar and shall be sufficiently given if so mailed
within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any
defect in it shall not affect its sufficiency with respect to other
Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it.

          SECTION 10.03. COMMUNICATION BY HOLDERS WITH OTHER HOLDERS.
Securityholders may communicate pursuant to TIA ss. 312(b) with other
Securityholders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrar and anyone else shall have
the protection of TIA ss. 312(c).

          SECTION 10.04. CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT.
Upon any request or application by the Company to the Trustee to take or refrain
from taking

<PAGE>
                                                                             100

any action under this Indenture, the Company shall furnish to the Trustee:

          (1) an Officers' Certificate in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of the signers,
     all conditions precedent, if any, provided for in this Indenture relating
     to the proposed action have been complied with; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of such counsel,
     all such conditions precedent have been complied with.

          SECTION 10.05. STATEMENTS REQUIRED IN CERTIFICATE OR OPINION. Each
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture shall include:

          (1) a statement that the individual making such certificate or opinion
     has read such covenant or condition;

          (2) a brief statement as to the nature and scope of the examination or
     investigation upon which the statements or opinions contained in such
     certificate or opinion are based;

          (3) a statement that, in the opinion of such individual, he has made
     such examination or investigation as is necessary to enable him to express
     an informed opinion as to whether or not such covenant or condition has
     been complied with; and

          (4) a statement as to whether or not, in the opinion of such
     individual, such covenant or condition has been complied with.

          SECTION 10.06. WHEN SECURITIES DISREGARDED. In determining whether the
Holders of the required principal amount of Securities have concurred in any
direction, waiver or consent, Securities owned by the Company or by any Person
directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company shall be disregarded and deemed not to be
outstanding, except that, for the purpose of determining whether the Trustee
shall be protected in relying on any

<PAGE>
                                                                             101

such direction, waiver or consent, only Securities which the Trustee knows are
so owned shall be so disregarded. Also, subject to the foregoing, only
Securities outstanding at the time shall be considered in any such
determination.

          SECTION 10.07. RULES BY TRUSTEE, PAYING AGENT AND REGISTRAR. The
Trustee may make reasonable rules for action by or a meeting of Securityholders.
The Registrar and the Paying Agent may make reasonable rules for their
functions.

          SECTION 10.08. LEGAL HOLIDAYS. If a payment date is a Legal Holiday,
payment shall be made on the next succeeding day that is not a Legal Holiday,
and no interest shall accrue for the intervening period. If a regular record
date is a Legal Holiday, the record date shall not be affected.

          SECTION 10.09. GOVERNING LAW. This Indenture and the Securities shall
be governed by, and construed in accordance with, the laws of the State of New
York but without giving effect to applicable principles of conflicts of law to
the extent that the application of the laws of another jurisdiction would be
required thereby.

          SECTION 10.10. NO RECOURSE AGAINST OTHERS. A director, officer,
employee or stockholder, as such, of the Company shall not have any liability
for any obligations of the Company under the Securities or this Indenture or for
any claim based on, in respect of or by reason of such obligations or their
creation. By accepting a Security, each Securityholder shall waive and release
all such liability. The waiver and release shall be part of the consideration
for the issue of the Securities.

          SECTION 10.11. SUCCESSORS. All agreements of the Company in this
Indenture and the Securities shall bind its successors. All agreements of the
Trustee in this Indenture shall bind its successors.

          SECTION 10.12. MULTIPLE ORIGINALS. The parties may sign any number of
copies of this Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. One signed copy is enough to prove this
Indenture.

          SECTION 10.13. TABLE OF CONTENTS; HEADINGS. The table of contents,
cross-reference sheet and headings of

<PAGE>
                                                                             102

the Articles and Sections of this Indenture have been inserted for convenience
of reference only, are not intended to be considered a part hereof and shall not
modify or restrict any of the terms or provisions hereof.

          IN WITNESS WHEREOF, the parties have caused this Indenture to be duly
executed as of the date first written above.

                              ROTO-ROOTER, INC.,

                                By

                                  /s/ Kevin J. McNamara
                                  -------------------------------
                                  Name: Kevin J. McNamara
                                  Title: President and Chief Executive Officer

                              LASALLE BANK NATIONAL ASSOCIATION

                                By

                                  /s/ Erik R. Benson
                                  -------------------------------
                                  Name:  Erik R. Benson
                                  Title: Vice President

<PAGE>

                                                                        APPENDIX

                    CERTAIN PROVISIONS RELATING TO SECURITIES

     1. Definitions

     1.1 DEFINITIONS

     For the purposes of this Appendix the following terms shall have the
meanings indicated below:

          "Accredited Investor" has the meaning assigned to such term in
Regulation D.

          "Depository" means The Depository Trust Company, its nominees and
their respective successors.

          "Exchange Securities" means (1) the 8 3/4% Senior Notes Due 2011
issued pursuant to the Indenture in connection with a Registered Exchange Offer
pursuant to a Registration Rights Agreement and (2) Additional Securities, if
any, issued pursuant to a registration statement filed with the SEC under the
Securities Act.

          "Initial Holders" means (1) with respect to the Initial Securities
issued on the Issue Date, the purchasers thereof, as set forth in the Purchase
Agreements, and (2) with respect to each issuance of Additional Securities, the
Persons purchasing such Additional Securities under the related Purchase
Agreements.

          "Initial Securities" means (1) $150.0 million aggregate principal
amount of 8 3/4% Senior Notes Due 2011 issued on the Issue Date and (2)
Additional Securities, if any, issued in a transaction exempt from the
registration requirements of the Securities Act.

          "Purchase Agreement" means (1) with respect to the Initial Securities
issued on the Issue Date, each Purchase Agreement dated February 24, 2004, among
the Company, the Subsidiary Guarantors and an Initial Holder, and (2) with
respect to each issuance of Additional Securities, each purchase agreement or
underwriting agreement among the Company and the Persons purchasing such
Additional Securities.

          "Registered Exchange Offer" means the offer by the Company, pursuant
to the Registration Rights Agreement,

<PAGE>
                                                                               2

to certain Holders of Initial Securities, to issue and deliver to such Holders,
in exchange for the Initial Securities, a like aggregate principal amount of
Exchange Securities registered under the Securities Act.

          "Registration Rights Agreement" means (1) with respect to the Initial
Securities issued on the Issue Date, the Registration Rights Agreement dated
February 24, 2004, among the Company and the Initial Holders and (2) with
respect to each issuance of Additional Securities issued in a transaction exempt
from the registration requirements of the Securities Act, the registration
rights agreement, if any, among the Company and the Persons purchasing such
Additional Securities under the related Purchase Agreement.

          "Securities" means the Initial Securities and the Exchange Securities,
treated as a single class.

          "Securities Act" means the Securities Act of 1933.

          "Securities Custodian" means the custodian with respect to a Global
Security (as appointed by the Depository), or any successor Person thereto and
shall initially be the Trustee.

          "Shelf Registration Statement" means the registration statement issued
by the Company in connection with the offer and sale of Initial Securities
pursuant to the Registration Rights Agreement.

          "Transfer Restricted Securities" means Securities that bear or are
required to bear the legend set forth in Section 2.3(b) hereto.

     1.2 OTHER DEFINITIONS

<TABLE>
<CAPTION>
                                                                   Defined in
                  Term                                               Section:
                  ----                                             ----------
<S>                                                                <C>
"Agent Members"..................................................... 2.1(b)
"Global Security"................................................... 2.1(a)
"Regulation D"...................................................... 2.1(a)
"Restricted Global Security"........................................ 2.1(a)
</TABLE>

     2. THE SECURITIES.

     2.1. (a) FORM AND DATING. Initial Securities offered and sold to an
accredited investor in reliance on

<PAGE>
                                                                               3

Section 4(2) of the Securities Act ("Section 4(2)") and/or Regulation D under
the Securities Act ("Regulation D"), in each case as provided in a Purchase
Agreement, shall be issued initially in the form of one or more permanent global
Securities in definitive, fully registered form without interest coupons with
the global securities legend and restricted securities legend set forth in
Exhibit 1 hereto (each, a "Restricted Global Security"), which shall be
deposited on behalf of the purchasers of the Initial Securities represented
thereby with the Trustee, at its principal corporate trust office, as custodian
for the Depository (or with such other custodian as the Depository may direct),
and registered in the name of the Depository or a nominee of the Depository,
duly executed by the Company and authenticated by the Trustee as hereinafter
provided. The aggregate principal amount of the Global Securities may from time
to time be increased or decreased by adjustments made on the records of the
Trustee and the Depository or its nominee as hereinafter provided. Exchange
Securities shall be issued in global form (with the global securities legend set
forth in Exhibit 1 hereto) or in certificated form at the option of the Holders
thereof from time to time. Exchange Securities issued in global form and
Restricted Global Securities are sometimes referred to in this Appendix as
"Global Securities".

          (b) BOOK-ENTRY PROVISIONS. This Section 2.1(b) shall apply only to a
Global Security deposited with or on behalf of the Depository.

          The Company shall execute and the Trustee shall, in accordance with
this Section 2.1(b), authenticate and deliver initially one or more Global
Securities that (a) shall be registered in the name of the Depository for such
Global Security or Global Securities or the nominee of such Depository and (b)
shall be delivered by the Trustee to such Depository or pursuant to such
Depository's instructions or held by the Trustee as custodian for the
Depository.

          Members of, or participants in, the Depository ("Agent Members") shall
have no rights under this Indenture with respect to any Global Security held on
their behalf by the Depository or by the Trustee as the custodian of the
Depository or under such Global Security, and the Company, the Trustee and any
agent of the Company or the Trustee shall be entitled to treat the Depository as
the absolute owner of such Global Security for all purposes whatsoever.

<PAGE>
                                                                               4

Notwithstanding the foregoing, nothing herein shall prevent the Company, the
Trustee or any agent of the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by the Depository
or impair, as between the Depository and its Agent Members, the operation of
customary practices of such Depository governing the exercise of the rights of a
holder of a beneficial interest in any Global Security.

          (c) CERTIFICATED SECURITIES. Except as provided in this Section 2.1 or
Section 2.3 or 2.4, owners of beneficial interests in Restricted Global
Securities shall not be entitled to receive physical delivery of certificated
Securities.

          2.2. AUTHENTICATION. The Trustee shall authenticate and deliver: (1)
on the Issue Date, an aggregate principal amount of $150.0 million 8 3/4% Senior
Notes Due 2011, (2) any Additional Securities for an original issue in an
aggregate principal amount specified in the written order of the Company
pursuant to Section 2.02 of the Indenture and (3) Exchange Securities for issue
only in a Registered Exchange Offer, pursuant to the Registration Rights
Agreement, for a like principal amount of Initial Securities, in each case, upon
a written order of the Company signed by two Officers or by an Officer and
either an Assistant Treasurer or an Assistant Secretary of the Company. Such
order shall specify the amount of the Securities to be authenticated and the
date on which the original issue of Securities is to be authenticated and, in
the case of any issuance of Additional Securities pursuant to Section 2.13 of
the Indenture, shall certify that such issuance is in compliance with Section
4.03 of the Indenture. The aggregate principal amount of Securities outstanding
at any time shall not exceed $300.0 million except as provided in Section 2.07
of the Indenture.

          2.3 TRANSFER AND EXCHANGE.

                 (a) TRANSFER AND EXCHANGE OF GLOBAL SECURITIES.

                 (1) The transfer and exchange of Global Securities or
          beneficial interests therein shall be effected through the Depository,
          in accordance with the Indenture (including applicable restrictions on
          transfer set forth herein, if any) and the procedures of the
          Depository therefor. A transferor of a beneficial interest in a Global
          Security shall deliver

<PAGE>
                                                                               5

to the Registrar a written order given in accordance with the Depository's
procedures containing information regarding the participant account of the
Depository to be credited with a beneficial interest in the Global Security. The
Registrar shall, in accordance with such instructions instruct the Depository to
credit to the account of the Person specified in such instructions a beneficial
interest in the Global Security and to debit the account of the Person making
the transfer the beneficial interest in the Global Security being transferred.

          (2) Notwithstanding any other provisions of this Appendix (other than
     the provisions set forth in Section 2.4), a Global Security may not be
     transferred as a whole except by the Depository to a nominee of the
     Depository or by a nominee of the Depository to the Depository or another
     nominee of the Depository or by the Depository or any such nominee to a
     successor Depository or a nominee of such successor Depository.

          (3) In the event that a Restricted Global Security is exchanged for
     Securities in certificated registered form pursuant to Section 2.4 of this
     Appendix, prior to the consummation of a Registered Exchange Offer or the
     effectiveness of a Shelf Registration Statement with respect to such
     Securities, such Securities may be exchanged only in accordance with such
     procedures as are substantially consistent with the provisions of this
     Section 2.3 (including the certification requirements set forth on the
     reverse of the Initial Securities intended to ensure that such transfers
     comply with Rule 144A or Regulation S, as the case may be) and such other
     procedures as may from time to time be adopted by the Company.

          (b) LEGEND.

          (1) Except as permitted by the following paragraphs (2), (3) and (4),
     each Security certificate evidencing the Restricted Global Securities (and
     all Securities issued in exchange therefor or in substitution thereof)
     shall bear a legend in substantially the following form:

               THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A
               TRANSACTION EXEMPT

<PAGE>
                                                                               6

               FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
               (THE "SECURITIES ACT"), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR
               OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
               APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS
               HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON
               THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES
               ACT PROVIDED BY RULE l44A THEREUNDER.

               THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY
               THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
               TRANSFERRED, ONLY (I) TO THE ISSUER THEREOF, (II) IN THE UNITED
               STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A
               QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
               SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
               144A, (III) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE
               SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE),
               (IV) TO AN INSTITUTIONAL ACCREDITED INVESTOR IN A TRANSACTION
               EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
               OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
               SECURITIES ACT, IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE
               WITH ANY APPLICABLE SECURITIES LAWS OF THE STATES AND OTHER
               JURISDICTIONS OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND
               EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF
               THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A)
               ABOVE.

          (2) Upon any sale or transfer of a Transfer Restricted Security
     (including any Transfer Restricted Security represented by a Restricted
     Global Security) pursuant to Rule 144 under the Securities Act, the
     Registrar shall permit the transferee thereof to exchange such Transfer
     Restricted Security for a certificated Security that does not bear the
     legend set forth above and rescind any restriction on the transfer of such
     Transfer Restricted Security, if the

<PAGE>
                                                                               7

     transferor thereof certifies in writing to the Registrar that such sale or
     transfer was made in reliance on Rule 144 (such certification to be in the
     form set forth on the reverse of the Security).

          (3) After a transfer of any Initial Securities pursuant to and during
     the period of the effectiveness of a Shelf Registration Statement with
     respect to such Initial Securities, all requirements pertaining to legends
     on such Initial Security will cease to apply, the requirements requiring
     any such Initial Security issued to certain Holders be issued in global
     form will cease to apply, and a certificated Initial Security or an Initial
     Security in global form, in each case without restrictive transfer legends,
     will be available to the transferee of the Holder of such Initial
     Securities upon exchange of such transferring Holder's certificated Initial
     Security or directions to transfer such Holder's interest in the Global
     Security, as applicable.

          (4) Upon the consummation of a Registered Exchange Offer with respect
     to the Initial Securities, all requirements pertaining to such Initial
     Securities that Initial Securities issued to certain Holders be issued in
     global form will still apply with respect to Holders of such Initial
     Securities that do not exchange their Initial Securities, and Exchange
     Securities in certificated or global form will be available to Holders that
     exchange such Initial Securities in such Registered Exchange Offer.

          (c) CANCELLATION OR ADJUSTMENT OF GLOBAL SECURITY. At such time as all
beneficial interests in a Global Security have either been exchanged for
certificated Securities, redeemed, purchased or canceled, such Global Security
shall be returned to the Depository for cancellation or retained and canceled by
the Trustee. At any time prior to such cancellation, if any beneficial interest
in a Global Security is exchanged for certificated Securities, redeemed,
purchased or canceled, the principal amount of Securities represented by such
Global Security shall be reduced and an adjustment shall be made on the books
and records of the Trustee (if it is then the Securities Custodian for such
Global Security) with respect to such Global Security, by the Trustee or the
Securities Custodian, to reflect such reduction.

<PAGE>
                                                                               8

          (d) OBLIGATIONS WITH RESPECT TO TRANSFERS AND EXCHANGES OF SECURITIES.

          (1) To permit registrations of transfers and exchanges, the Company
     shall execute and the Trustee shall authenticate certificated Securities
     and Global Securities at the Registrar's or co-registrar's request.

          (2) No service charge shall be made for any registration of transfer
     or exchange, but the Company may require payment of a sum sufficient to
     cover any transfer tax, assessments, or similar governmental charge payable
     in connection therewith (other than any such transfer taxes, assessments or
     similar governmental charge payable upon exchange or transfer pursuant to
     Sections 3.06, 4.10 and 9.05 of the Indenture).

          (3) The Registrar or co-registrar shall not be required to register
     the transfer of or exchange of any Security for a period beginning 15
     Business Days before the mailing of a notice of an offer to repurchase or
     redeem Securities or 15 Business Days before an interest payment date.

          (4) Prior to the due presentation for registration of transfer of any
     Security, the Company, the Trustee, the Paying Agent, the Registrar or any
     co-registrar may deem and treat the person in whose name a Security is
     registered as the absolute owner of such Security for the purpose of
     receiving payment of principal of and interest on such Security and for all
     other purposes whatsoever, whether or not such Security is overdue, and
     none of the Company, the Trustee, the Paying Agent, the Registrar or any
     co-registrar shall be affected by notice to the contrary.

          (5) All Securities issued upon any transfer or exchange pursuant to
     the terms of the Indenture shall evidence the same debt and shall be
     entitled to the same benefits under this Indenture as the Securities
     surrendered upon such transfer or exchange.

          (e) OBLIGATION OF THE TRUSTEE.

<PAGE>
                                                                               9

          (1) The Trustee shall have no responsibility or obligation to any
     beneficial owner of a Global Security, a member of, or a participant in the
     Depository or other Person with respect to the accuracy of the records of
     the Depository or its nominee or of any participant or member thereof, with
     respect to any ownership interest in the Securities or with respect to the
     delivery to any participant, member, beneficial owner or other Person
     (other than the Depository) of any notice (including any notice of
     redemption) or the payment of any amount, under or with respect to such
     Securities. All notices and communications to be given to the Holders and
     all payments to be made to Holders under the Securities shall be given or
     made only to or upon the order of the registered Holders (which shall be
     the Depository or its nominee in the case of a Global Security). The rights
     of beneficial owners in any Global Security shall be exercised only through
     the Depository subject to the applicable rules and procedures of the
     Depository. The Trustee may rely and shall be fully protected in relying
     upon information furnished by the Depository with respect to its members,
     participants and any beneficial owners.

          (2) The Trustee shall have no obligation or duty to monitor, determine
     or inquire as to compliance with any restrictions on transfer imposed under
     this Indenture or under applicable law with respect to any transfer of any
     interest in any Security (including any transfers between or among
     Depository participants, members or beneficial owners in any Global
     Security) other than to require delivery of such certificates and other
     documentation or evidence as are expressly required by, and to do so if and
     when expressly required by, the terms of this Indenture, and to examine the
     same to determine substantial compliance as to form with the express
     requirements hereof.

     2.4 CERTIFICATED SECURITIES.

          (a) A Restricted Global Security deposited with the Depository or with
the Trustee as custodian for the Depository pursuant to Section 2.1 shall be
transferred to the beneficial owners thereof in the form of certificated
Securities in an aggregate principal amount equal to the principal amount of
such Global Security, in exchange for

<PAGE>

                                                                              10

such Global Security, only if such transfer complies with Section 2.3 and (1)
the Depository notifies the Company that it is unwilling or unable to continue
as Depository for such Restricted Global Security or if at any time such
Depository ceases to be a "clearing agency" registered under the Exchange Act
and a successor depositary is not appointed by the Company within 90 days of
such notice, or (2) an Event of Default has occurred and is continuing or (3)
the Company, in its sole discretion, notifies the Trustee in writing that it
elects to cause the issuance of certificated Securities under this Indenture.

          (b) Any Restricted Global Security that is transferable to the
beneficial owners thereof pursuant to this Section shall be surrendered by the
Depository to the Trustee located at its principal corporate trust office in the
Borough of Manhattan, The City of New York, to be so transferred, in whole or
from time to time in part, without charge, and the Trustee shall authenticate
and deliver, upon such transfer of each portion of such Restricted Global
Security, an equal aggregate principal amount of certificated Initial Securities
of authorized denominations. Any portion of a Restricted Global Security
transferred pursuant to this Section shall be executed, authenticated and
delivered only in denominations of $1,000 principal amount and any integral
multiple thereof and registered in such names as the Depository shall direct.
Any certificated Initial Security delivered in exchange for an interest in the
Restricted Global Security shall, except as otherwise provided by Section
2.3(b), bear the restricted securities legend set forth in Exhibit 1 hereto.

          (c) Subject to the provisions of Section 2.4(b), the registered Holder
of a Global Security shall be entitled to grant proxies and otherwise authorize
any Person, including Agent Members and Persons that may hold interests through
Agent Members, to take any action which a Holder is entitled to take under this
Indenture or the Securities.

          (d) In the event of the occurrence of either of the events specified
in Section 2.4(a), the Company shall promptly make available to the Trustee a
reasonable supply of certificated Securities in definitive, fully registered
form without interest coupons.

<PAGE>

                                                                       EXHIBIT 1
                                                                 to the Appendix

                       [FORM OF FACE OF INITIAL SECURITY]

                           [Global Securities Legend]

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW
YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.

                         [Restricted Securities Legend]

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE
RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT
PROVIDED BY RULE l44A THEREUNDER.

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE
MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE ISSUER
THEREOF, (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III)

<PAGE>
                                                                               2

PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE), (IV) TO AN INSTITUTIONAL ACCREDITED INVESTOR
IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT,
IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES
LAWS OF THE STATES AND OTHER JURISDICTIONS OF THE UNITED STATES, AND (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF
THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

<PAGE>
                                                                               3

No.____________                                                     $ _______

                          8 3/4% Senior Notes Due 2011

          Roto-Rooter, Inc., a Delaware corporation, promises to pay to
________________, or registered assigns, the principal sum of _____________
____________Dollars on February 24, 2011.

          Interest Payment Dates: February 15 and August 15.

          Record Dates: February 1 and August 1.

          Additional provisions of this Security are set forth on the other side
of this Security.

Dated:

                              ROTO-ROOTER, INC.

                                By

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

TRUSTEE'S CERTIFICATE OF
     AUTHENTICATION

LASALLE BANK NATIONAL ASSOCIATION
     as Trustee, certifies
           that this is one of
           the Securities referred
           to in the Indenture.
     By

       ----------------------------------------
        Authorized Signatory

<PAGE>
                                                                               4

                   [FORM OF REVERSE SIDE OF INITIAL SECURITY]

                           8 3/4% Senior Note Due 2011

1. INTEREST

          Roto-Rooter, Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein
called the "Company"), promises to pay interest on the principal amount of this
Security at the rate per annum shown above; provided, however, that if a
Registration Default (as defined in the Registration Rights Agreement) occurs,
additional interest will accrue on this Security at a rate of 0.25% per annum
for the first 90 days following a Registration Default, at a per annum rate of
0.50% for the second 90 days following a Registration Default, at a per annum
rate of 0.75% for the third 90 days following a Registration Default and at a
per annum rate of 1.0% thereafter from and including the date on which any such
Registration Default shall occur to but excluding the date on which all
Registration Defaults have been cured. The Company will pay interest
semiannually on February 15 and August 15 of each year, commencing August 15,
2004. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from February 24, 2004.
Interest will be computed on the basis of a 360-day year of twelve 30-day
months. The Company will pay interest on overdue principal at the rate borne by
this Security plus 1.0% per annum, and it will pay interest on overdue
installments of interest at the same rate to the extent lawful.

2. METHOD OF PAYMENT

          The Company will pay interest on the Securities (except defaulted
interest) to the Persons who are registered holders of Securities at the close
of business on the February 1 or August 1 next preceding the interest payment
date even if Securities are canceled after the record date and on or before
the interest payment date. Holders must surrender Securities to a Paying Agent
to collect principal payments. The Company will pay principal and interest in
money of the United States that at the time of payment is legal tender for
payment of public and private debts. Payments in respect of the Securities
represented by a Global Security (including principal,

<PAGE>
                                                                               5

premium and interest) will be made by wire transfer of immediately available
funds to the accounts specified by The Depository Trust Company. The Company
will make all payments in respect of a certificated Security (including
principal, premium and interest) by mailing a check to the registered address of
each Holder thereof; provided, however, that payments on a certificated Security
will be made by wire transfer to a U.S. dollar account maintained by the payee
with a bank in the United States if such Holder elects payment by wire transfer
by giving written notice to the Trustee or the Paying Agent to such effect
designating such account no later than 30 days immediately preceding the
relevant due date for payment (or such other date as the Trustee may accept in
its discretion).

3. PAYING AGENT AND REGISTRAR

          Initially, LaSalle Bank National Association, a [ ] banking
corporation (the "Trustee"), will act as Paying Agent and Registrar. The Company
may appoint and change any Paying Agent, Registrar or co-registrar without
notice. The Company or any of its domestically incorporated Wholly Owned
Subsidiaries may act as Paying Agent, Registrar or co-registrar.

4. INDENTURE

          The Company issued the Securities under an Indenture dated as of
February 24, 2004 ("Indenture"), between the Company and the Trustee. The terms
of the Securities include those stated in the Indenture and those made part of
the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. ss.ss.
77aaa-77bbbb) as in effect on the date of the Indenture (the "Act"). Terms
defined in the Indenture and not defined herein have the meanings ascribed
thereto in the Indenture. The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and the Act for a statement of
those terms.

          The Securities are general unsecured obligations of the Company. The
Company shall be entitled, subject to its compliance with Section 4.03 of the
Indenture, to issue Additional Securities pursuant to Section 2.13 of the
Indenture. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor will be
treated as a single class for all purposes under the Indenture. The Indenture

<PAGE>
                                                                               6

contains covenants that limit the ability of the Company and its subsidiaries to
incur additional indebtedness; pay dividends or distributions on, or redeem or
repurchase capital stock; make investments; issue or sell capital stock of
subsidiaries; engage in transactions with affiliates; create liens on assets;
transfer or sell assets; restrict dividends or other payments of subsidiaries;
consolidate, merge or transfer all or substantially all of its assets and the
assets of its subsidiaries; and engage in sale/leaseback transactions. These
covenants are subject to important exceptions and qualifications.

5. OPTIONAL REDEMPTION

          Except as set forth below, the Company shall not be entitled to redeem
the Securities.

          On and after February 24, 2007, the Company shall be entitled at its
option to redeem all or a portion of the Securities upon not less than 30 nor
more than 60 days' prior notice, at the redemption prices (expressed in
percentages of principal amount on the redemption date), plus accrued and unpaid
interest to, but excluding, the redemption date (subject to the right of Holders
of record on the relevant record date to receive interest, if any, due on the
relevant interest payment date), if redeemed during the 12-month period
commencing on February 24 of the years set forth below:

<TABLE>
<CAPTION>
                                 Redemption
Year                               Price
----                             ----------
<S>                              <C>
2007                              104.375%
2008                              102.917%
2009                              101.458%
2010 and thereafter               100.000%
</TABLE>

          In addition, prior to February 24, 2007, the Company shall be entitled
at its option on one or more occasions to redeem Securities (which includes
Additional Securities, if any) in an aggregate principal amount not to exceed
35% of the aggregate principal amount of the Securities (which includes
Additional Securities, if any) originally issued on not less than 30 nor more
than 60 days' prior notice, at a redemption price (expressed as a percentage of
principal amount) of 108.750%, plus accrued and unpaid interest to, but
excluding, the redemption date

<PAGE>
                                                                               7

(subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date), with the Net Cash
Proceeds from one or more Equity Offerings by the Company or Qualifying
Subsidiary Stock Sales; provided, however, that (1) at least 65% of such
aggregate principal amount of Securities (which includes Additional Securities,
if any) remains outstanding immediately after the occurrence of each such
redemption (other than Securities held, directly or indirectly, by the Company
or its Affiliates); and (2) each such redemption occurs within 60 days after the
date of the related Equity Offering or Qualifying Subsidiary Stock Sale, as the
case may be.

          Prior to February 24, 2007, the Company shall be entitled at its
option to redeem all, but not less than all, of the Securities at a redemption
price equal to 100% of the principal amount of the Securities plus the
Applicable Premium as of, and accrued and unpaid interest to, the redemption
date (subject to the right of Holders on the relevant record date to receive
interest due on the relevant interest payment date). The Company shall cause
notice of such redemption to be mailed by first-class mail to each Holder's
registered address, not less than 30 nor more than 60 days prior to the
redemption date. Any notice to Holders of such a redemption must include the
appropriate calculation of the redemption price, but does not need to include
the redemption price itself. The actual redemption price must be set forth in an
Officers' Certificate delivered to the Trustee no later than two Business Days
prior to the redemption date.

          "Applicable Premium" means, with respect to any Security on any
redemption date, the excess (but not less than zero) of (i) the present value at
such redemption date of all remaining scheduled payments of interest (excluding
accrued interest) and principal on such Security (discounted at the equivalent
of the on Treasury Rate plus 50 basis points over (ii) the then outstanding
principal amount of such Security.

          "Treasury Rate" means the yield to maturity at the time of computation
of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) which
has become publicly available at least two Business Days prior to the date fixed
for redemption (or, if such Statistical Release is no longer

<PAGE>
                                                                               8

published, any publicly available source of similar market data)) most nearly
equal to the then remaining average life to February 24, 2007, provided,
however, that if the average life to February 24, 2007 of the Securities is not
equal to the constant maturity of a United States Treasury security for which a
weekly average yield is given, the Treasury Rate shall be obtained by linear
interpolation (calculated to the nearest one-twelfth of a year) from the weekly
average yields of United States Treasury securities for which such yields are
given, except that if the average life to February 24, 2007, of the Securities
is less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year shall be used.

6. NOTICE OF REDEMPTION

          Notice of redemption will be mailed at least 30 days but not more than
60 days before the redemption date to each Holder of Securities to be redeemed
at his registered address. Securities in denominations larger than $1,000
principal amount may be redeemed in part but only in whole multiples of $1,000.
If money sufficient to pay the redemption price of and accrued interest on all
Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date interest ceases to accrue
on such Securities (or such portions thereof) called for redemption.

          Any notice of redemption may provide that the redemption will be
subject to specified conditions, provided that such conditions are not solely
within the Company's control.

7. PUT PROVISIONS

          Upon a Change of Control, any Holder of Securities will have the right
to cause the Company to repurchase all or any part of the Securities of such
Holder at a repurchase price equal to 101% of the principal amount of the
Securities to be repurchased plus accrued and unpaid interest to, but excluding,
the date of repurchase (subject to the right of holders of record on the
relevant record date to receive interest due on the related interest payment
date) as provided in, and subject to the terms of, the Indenture.

<PAGE>
                                                                               9

8. DENOMINATIONS; TRANSFER; EXCHANGE

          The Securities are in registered form without coupons in denominations
of $1,000 principal amount and whole multiples of $1,000. A Holder may transfer
or exchange Securities in accordance with the Indenture. The Registrar may
require a Holder, among other things, to furnish appropriate endorsements or
transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not register the transfer of or exchange any
Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or any
Securities for a period of 15 days before a selection of Securities to be
redeemed or 15 days before an interest payment date.

9. PERSONS DEEMED OWNERS

          The registered Holder of this Security may be treated as the owner of
it for all purposes.

10. UNCLAIMED MONEY

          If money for the payment of principal or interest remains unclaimed
for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

11. DISCHARGE AND DEFEASANCE

          Subject to certain conditions, the Company at any time shall be
entitled to terminate some or all of its obligations under the Securities and
the Indenture if the Company deposits with the Trustee money or U.S. Government
Obligations, the principal of and interest on which will be sufficient, or a
combination thereof sufficient, to pay the principal of and premium (if any) and
interest on the Securities to maturity or redemption, as the case may be.

12. AMENDMENT; WAIVER

          Subject to certain exceptions set forth in the Indenture, (1) the
Indenture and the Securities may be amended with the written consent of the
Holders of at least

<PAGE>
                                                                              10

a majority in principal amount outstanding of the Securities and (2) any default
or noncompliance with any provision may be waived with the written consent of
the Holders of a majority in principal amount outstanding of the Securities.
Subject to certain exceptions set forth in the Indenture, without the consent of
any Securityholder, the Company and the Trustee shall be entitled to amend the
Indenture or the Securities to cure any ambiguity, omission, defect or
inconsistency, or to comply with Article 5 of the Indenture, or to provide for
uncertificated Securities in addition to or in place of certificated Securities,
or to add guarantees with respect to the Securities or to secure the Securities,
or to add additional covenants or surrender rights and powers conferred on the
Company, or to comply with any request of the SEC in connection with qualifying
the Indenture under the Act, or to make any change that does not adversely
affect the rights of any Securityholder.

13. DEFAULTS AND REMEDIES

          Under the Indenture, Events of Default include (a) default for 30 days
in payment of interest on the Securities; (b) default in payment of principal on
the Securities at maturity, upon optional redemption, upon declaration of
acceleration or otherwise, or failure by the Company to purchase Securities when
required; (c) failure by the Company to comply with certain other agreements in
the Indenture or the Securities, in certain cases subject to notice and lapse of
time; (d) certain accelerations (including failure to pay within any grace
period after final maturity) of other Indebtedness of the Company or the
Significant Subsidiaries if the amount accelerated (or so unpaid) exceeds $5.0
million; (e) certain events of bankruptcy or insolvency with respect to the
Company and the Significant Subsidiaries; and (f) certain judgments or decrees
for the payment of money in excess of $5.0 million. If an Event of Default
occurs and is continuing, the Trustee or the Holders of at least 25% in
principal amount of the Securities may declare all the Securities to be due and
payable immediately. Certain events of bankruptcy or insolvency are Events of
Default which will result in the Securities being due and payable immediately
upon the occurrence of such Events of Default.

          Securityholders may not enforce the Indenture or the Securities except
as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the

<PAGE>
                                                                              11

Securities unless it receives indemnity or security satisfactory to it. Subject
to certain limitations, Holders of a majority in principal amount of the
Securities may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Securityholders notice of any continuing Default
(except a Default in payment of principal or interest) if it determines that
withholding notice is in the interest of the Holders.

14. TRUSTEE DEALINGS WITH THE COMPANY

          Subject to certain limitations imposed by the Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

15. NO RECOURSE AGAINST OTHERS

          A director, officer, employee or stockholder, as such, of the Company
or the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Securityholder waives and releases all such liability. The waiver and
release are part of the consideration for the issue of the Securities.

16. AUTHENTICATION

          This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

17. ABBREVIATIONS

          Customary abbreviations may be used in the name of a Securityholder or
an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

<PAGE>
                                                                              12

18. CUSIP NUMBERS

          Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Securityholders. No representation is
made as to the accuracy of such numbers either as printed on the Securities or
as contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

19. GOVERNING LAW

          THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          The Company will furnish to any Securityholder upon written request
and without charge to the Security holder a copy of the Indenture which has in
it the text of this Security in larger type. Requests may be made to:

          Roto-Rooter, Inc.
          255 East Fifth Street
          Cincinnati, Ohio 45202
          Facsimile: (513) 287-6216

          Attention: General Counsel

<PAGE>
                                                                            13

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

     (Print or type assignee's name, address and zip code)

     (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint ___________ agent to transfer this Security on the
books of the Company. The agent may substitute another to act for him.

Date:_____________________   Your Signature:________________________

Sign exactly as your name appears on the other side of this Security.

In connection with any transfer of any of the Securities evidenced by this
certificate occurring prior to the expiration of the period referred to in
Rule 144(k) under the Securities Act after the later of the date of original
issuance of such Securities and the last date, if any, on which such
Securities were owned by the Company or any Affiliate of the Company, the
undersigned confirms that such Securities are being transferred in accordance
with its terms:

CHECK ONE BOX BELOW

     (1) [ ]   to the Company; or

     (2) [ ]   pursuant to an effective registration statement under the
               Securities Act of 1933; or

     (3) [ ]   inside the United States to a "qualified institutional buyer" (as
               defined in Rule 144A under the Securities Act of 1933)

<PAGE>
                                                                              14

               that purchases for its own account or for the account of a
               qualified institutional buyer to whom notice is given that such
               transfer is being made in reliance on Rule 144A, in each case
               pursuant to and in compliance with Rule 144A under the Securities
               Act of 1933; or

     (4) [ ]   to an institutional accredited investor in a transaction
               exempt from the registration requirements of the Securities Act;
               or

     (5) [ ]   pursuant to the exemption from registration provided by Rule 144
               under the Securities Act of 1933.

     Unless one of the boxes is checked, the Trustee will refuse to register any
     of the Securities evidenced by this certificate in the name of any person
     other than the registered holder thereof; provided, however, that if box
     (4) or (5) is checked, the Trustee shall be entitled to require, prior to
     registering any such transfer of the Securities, such legal opinions,
     certifications and other information as the Company has reasonably
     requested to confirm that such transfer is being made pursuant to an
     exemption from, or in a transaction not subject to, the registration
     requirements of the Securities Act of 1933, such as the exemption provided
     by Rule 144 under such Act.

                                       ____________________________________
                                       Signature

Signature Guarantee:

______________________________________ ____________________________________
Signature must be guaranteed           Signature

     Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee

<PAGE>
                                                                              15

program" as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended.

<PAGE>
                                                                              16

              TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED.

     The undersigned represents and warrants that it is purchasing this Security
for its own account or an account with respect to which it exercises sole
investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act of
1933, and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Company as
the undersigned has requested pursuant to Rule 144A or has determined not to
request such information and that it is aware that the transferor is relying
upon the undersigned's foregoing representations in order to claim the exemption
from registration provided by Rule 144A.

Dated:________________________         _______________________________
                                       Notice: To be executed by
                                               an executive officer

<PAGE>

                                                                              17

                      [TO BE ATTACHED TO GLOBAL SECURITIES]

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

               The following increases or decreases in this Global
                            Security have been made:

<TABLE>
<CAPTION>
                                                   Principal amount of  Signature of
          Amount of decrease  Amount of increase   this Global          authorized officer
          in Principal        in Principal amount  Security following   of Trustee or
Date of   amount of this      of this Global       such decrease or     Securities
Exchange  Global Security     Security             increase)            Custodian
--------  ------------------  -------------------  -------------------  ------------------
<S>       <C>                 <C>                  <C>                  <C>
</TABLE>

<PAGE>
                                                                              18

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.06 or 4.10 of the Indenture, check the box:

                                      [ ]

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.06 or 4.10 of the Indenture, state the
principal amount: $

Dated:____________________  Your Signature:_____________________________
                                           (Sign exactly as your
                                           name appears on the
                                           other side of this
                                           Security.)

Signature Guarantee:___________________________________
                       (Signature must be guaranteed)

          Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

<PAGE>

                                                                       EXHIBIT A

                      [FORM OF FACE OF EXCHANGE SECURITY*]

*/ [If the Security is to be issued in global form add the Global Securities
Legend from Exhibit 1 to Appendix A and the attachment from such Exhibit 1
captioned "[TO BE ATTACHED TO GLOBAL SECURITIES] - SCHEDULE OF INCREASES OR
DECREASES IN GLOBAL SECURITY".]

<PAGE>
                                                                               2

No.____________                                                     $ _______

                          8 3/4% Senior Notes Due 2011

          Roto-Rooter, Inc., a Delaware corporation, promises to pay to
________, or registered assigns, the principal sum of _______________ Dollars on
February 24, 2011.

          Interest Payment Dates: February 15 and August 15.

          Record Dates: February 1 and August 1.

          Additional provisions of this Security are set forth on the other side
of this Security.

Dated:

                              ROTO-ROOTER, INC.

                                By

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

TRUSTEE'S CERTIFICATE OF
     AUTHENTICATION

LASALLE BANK NATIONAL ASSOCIATION
   as Trustee, certifies
      that this is one of
      the Securities referred
      to in the Indenture.
   By

     --------------------------------
      Authorized Signatory

<PAGE>
                                                                               3

                   [FORM OF REVERSE SIDE OF EXCHANGE SECURITY]

                           8 3/4% Senior Note Due 2011

1. INTEREST

     Roto-Rooter, Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein
called the "Company"), promises to pay interest on the principal amount of this
Security at the rate per annum shown above; provided, however, that if a
Registration Default (as defined in the Registration Rights Agreement) occurs,
additional interest will accrue on this Security at a rate of 0.25% per annum
for the first 90 days following a Registration Default, at a per annum rate of
0.50% for the second 90 days following a Registration Default, at a per annum
rate of 0.75% for the third 90 days following a Registration Default and at a
per annum rate of 1.0% thereafter from and including the date on which any such
Registration Default shall occur to but excluding the date on which all
Registration Defaults have been cured. The Company will pay interest
semiannually on February 15 and August 15 of each year, commencing August 15,
2004. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from February 24, 2004.
Interest will be computed on the basis of a 360-day year of twelve 30-day
months. The Company will pay interest on overdue principal at the rate borne by
this Security plus 1.0% per annum, and it will pay interest on overdue
installments of interest at the same rate to the extent lawful.

2. METHOD OF PAYMENT

     The Company will pay interest on the Securities (except defaulted interest)
to the Persons who are registered holders of Securities at the close of business
on the February 1 or August 1 next preceding the interest payment date even if
Securities are canceled after the record date and on or before the interest
payment date. Holders must surrender Securities to a Paying Agent to collect
principal payments. The Company will pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public
and private debts. Payments in respect of the Securities represented by a Global
Security (including principal, premium and interest) will be made by wire
transfer of

<PAGE>
                                                                               4

immediately available funds to the accounts specified by The Depository Trust
Company. The Company will make all payments in respect of a certificated
Security (including principal, premium and interest) by mailing a check to the
registered address of each Holder thereof; provided, however, that payments on
a certificated Security will be made by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects
payment by wire transfer by giving written notice to the Trustee or the Paying
Agent to such effect designating such account no later than 30 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

3. PAYING AGENT AND REGISTRAR

     Initially, LaSalle Bank National Association, a national banking
association (the "Trustee"), will act as Paying Agent and Registrar. The
Company may appoint and change any Paying Agent, Registrar or co-registrar
without notice. The Company or any of its domestically incorporated Wholly
Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar.

4. INDENTURE

     The Company issued the Securities under an Indenture dated as of February
24, 2004 ("Indenture"), between the Company and the Trustee. The terms of the
Securities include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. ss.ss.
77aaa-77bbbb) as in effect on the date of the Indenture (the "Act"). Terms
defined in the Indenture and not defined herein have the meanings ascribed
thereto in the Indenture. The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and the Act for a statement of
those terms.

     The Securities are general unsecured obligations of the Company. The
Company shall be entitled, subject to its compliance with Section 4.03 of the
Indenture, to issue Additional Securities pursuant to Section 2.13 of the
Indenture. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor will be
treated as a single class for all purposes under the Indenture. The Indenture
contains covenants that limit the ability of the Company and its subsidiaries to
incur additional indebtedness; pay

<PAGE>
                                                                               5

dividends or distributions on, or redeem or repurchase capital stock; make
investments; issue or sell capital stock of subsidiaries; engage in
transactions with affiliates; create liens on assets; transfer or sell assets;
restrict dividends or other payments of subsidiaries; consolidate, merge or
transfer all or substantially all of its assets and the assets of its
subsidiaries; and engage in sale/leaseback transactions. These covenants are
subject to important exceptions and qualifications.

5. OPTIONAL REDEMPTION

     Except as set forth below, the Company shall not be entitled to redeem the
Securities.

     On and after February 24, 2007, the Company shall be entitled at its option
to redeem all or a portion of the Securities upon not less than 30 nor more than
60 days' prior notice, at the redemption prices (expressed in percentages of
principal amount on the redemption date), plus accrued and unpaid interest to,
but excluding, the redemption date (subject to the right of Holders of record on
the relevant record date to receive interest, if any, due on the relevant
interest payment date), if redeemed during the 12-month period commencing on
February 24 of the years set forth below:

<TABLE>
<CAPTION>
                                 Redemption
Year                               Price
----                             ----------
<S>                              <C>
2007                              104.375%
2008                              102.917%
2009                              101.458%
2010 and thereafter               100.000%
</TABLE>

     In addition, prior to February 24, 2007, the Company shall be entitled at
its option on one or more occasions to redeem Securities (which includes
Additional Securities, if any) in an aggregate principal amount not to exceed
35% of the aggregate principal amount of the Securities (which includes
Additional Securities, if any) originally issued on not less than 30 nor more
than 60 days' prior notice, at a redemption price (expressed as a percentage of
principal amount) of 108.750%, plus accrued and unpaid interest to, but
excluding, the redemption date (subject to the right of Holders of record on the
relevant record date to receive interest due on the relevant

<PAGE>
                                                                               6

interest payment date), with the Net Cash Proceeds from one or more Equity
Offerings by the Company or Qualifying Subsidiary Stock Sales; provided,
however, that (1) at least 65% of such aggregate principal amount of Securities
(which includes Additional Securities, if any) remains outstanding immediately
after the occurrence of each such redemption (other than Securities held,
directly or indirectly, by the Company or its Affiliates); and (2) each such
redemption occurs within 60 days after the date of the related Equity Offering
or Qualifying Subsidiary Stock Sale, as the case may be.

     Prior to February 24, 2007, the Company shall be entitled at its option to
redeem all, but not less than all, of the Securities at a redemption price equal
to 100% of the principal amount of the Securities plus the Applicable Premium as
of, and accrued and unpaid interest to, the redemption date (subject to the
right of Holders on the relevant record date to receive interest due on the
relevant interest payment date). The Company shall cause notice of such
redemption to be mailed by first-class mail to each Holder's registered address,
not less than 30 nor more than 60 days prior to the redemption date. Any notice
to Holders of such a redemption must include the appropriate calculation of the
redemption price, but does not need to include the redemption price itself. The
actual redemption price must be set forth in an Officers' Certificate delivered
to the Trustee no later than two Business Days prior to the redemption date.

     "Applicable Premium" means, with respect to any Security on any redemption
date, the excess (but not less than zero) of (i) the present value at such
redemption date of all remaining scheduled payments of interest (excluding
accrued interest) and principal on such Security (discounted at the equivalent
of the on Treasury Rate plus 50 basis points over (ii) the then outstanding
principal amount of such Security.

     "Treasury Rate" means the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) which
has become publicly available at least two Business Days prior to the date fixed
for redemption (or, if such Statistical Release is no longer published, any
publicly available source of similar market data)) most nearly equal to the then
remaining average life

<PAGE>
                                                                               7

to February 24, 2007, provided, however, that if the average life to February
24, 2007 of the Securities is not equal to the constant maturity of a United
States Treasury security for which a weekly average yield is given, the
Treasury Rate shall be obtained by linear interpolation (calculated to the
nearest one-twelfth of a year) from the weekly average yields of United States
Treasury securities for which such yields are given, except that if the
average life to February 24, 2007, of the Securities is less than one year,
the weekly average yield on actually traded United States Treasury securities
adjusted to a constant maturity of one year shall be used.

6. NOTICE OF REDEMPTION

     Notice of redemption will be mailed at least 30 days but not more than 60
days before the redemption date to each Holder of Securities to be redeemed at
his registered address. Securities in denominations larger than $1,000 principal
amount may be redeemed in part but only in whole multiples of $1,000. If money
sufficient to pay the redemption price of and accrued interest on all Securities
(or portions thereof) to be redeemed on the redemption date is deposited with
the Paying Agent on or before the redemption date and certain other conditions
are satisfied, on and after such date interest ceases to accrue on such
Securities (or such portions thereof) called for redemption.

     Any notice of redemption may provide that the redemption will be subject to
specified conditions, provided that such conditions are not solely within the
Company's control.

7. PUT PROVISIONS

     Upon a Change of Control, any Holder of Securities will have the right to
cause the Company to repurchase all or any part of the Securities of such Holder
at a repurchase price equal to 101% of the principal amount of the Securities to
be repurchased plus accrued and unpaid interest to, but excluding, the date of
repurchase (subject to the right of holders of record on the relevant record
date to receive interest due on the related interest payment date) as provided
in, and subject to the terms of, the Indenture.

<PAGE>
                                                                               8

8. DENOMINATIONS; TRANSFER; EXCHANGE

     The Securities are in registered form without coupons in denominations of
$1,000 principal amount and whole multiples of $1,000. A Holder may transfer or
exchange Securities in accordance with the Indenture. The Registrar may require
a Holder, among other things, to furnish appropriate endorsements or transfer
documents and to pay any taxes and fees required by law or permitted by the
Indenture. The Registrar need not register the transfer of or exchange any
Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or any
Securities for a period of 15 days before a selection of Securities to be
redeemed or 15 days before an interest payment date.

9. PERSONS DEEMED OWNERS

     The registered Holder of this Security may be treated as the owner of it
for all purposes.

10. UNCLAIMED MONEY

     If money for the payment of principal or interest remains unclaimed for two
years, the Trustee or Paying Agent shall pay the money back to the Company at
its request unless an abandoned property law designates another Person. After
any such payment, Holders entitled to the money must look only to the Company
and not to the Trustee for payment.

11. DISCHARGE AND DEFEASANCE

     Subject to certain conditions, the Company at any time shall be entitled to
terminate some or all of its obligations under the Securities and the Indenture
if the Company deposits with the Trustee money or U.S. Government Obligations,
the principal of and interest on which will be sufficient, or a combination
thereof sufficient, to pay the principal of and premium (if any) and interest on
the Securities to maturity or redemption, as the case may be.

12. AMENDMENT; WAIVER

     Subject to certain exceptions set forth in the Indenture, (1) the Indenture
and the Securities may be amended with the written consent of the Holders of at
least

<PAGE>
                                                                               9

a majority in principal amount outstanding of the Securities and (2) any
default or noncompliance with any provision may be waived with the written
consent of the Holders of a majority in principal amount outstanding of the
Securities. Subject to certain exceptions set forth in the Indenture, without
the consent of any Securityholder, the Company and the Trustee shall be
entitled to amend the Indenture or the Securities to cure any ambiguity,
omission, defect or inconsistency, or to comply with Article 5 of the
Indenture, or to provide for uncertificated Securities in addition to or in
place of certificated Securities, or to add guarantees with respect to the
Securities or to secure the Securities, or to add additional covenants or
surrender rights and powers conferred on the Company, or to comply with any
request of the SEC in connection with qualifying the Indenture under the Act,
or to make any change that does not adversely affect the rights of any
Securityholder.

13. DEFAULTS AND REMEDIES

     Under the Indenture, Events of Default include (a) default for 30 days in
payment of interest on the Securities; (b) default in payment of principal on
the Securities at maturity, upon optional redemption, upon declaration of
acceleration or otherwise, or failure by the Company to redeem or purchase
Securities when required; (c) failure by the Company to comply with certain
other agreements in the Indenture or the Securities, in certain cases subject to
notice and lapse of time; (d) certain accelerations (including failure to pay
within any grace period after final maturity) of other Indebtedness of the
Company or the Significant Subsidiaries if the amount accelerated (or so unpaid)
exceeds $5.0 million; (e) certain events of bankruptcy or insolvency with
respect to the Company and the Significant Subsidiaries; and (f) certain
judgments or decrees for the payment of money in excess of $5.0 million. If an
Event of Default occurs and is continuing, the Trustee or the Holders of at
least 25% in principal amount of the Securities may declare all the Securities
to be due and payable immediately. Certain events of bankruptcy or insolvency
are Events of Default which will result in the Securities being due and payable
immediately upon the occurrence of such Events of Default.

     Securityholders may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the

<PAGE>
                                                                              10

Securities unless it receives indemnity or security satisfactory to it.
Subject to certain limitations, Holders of a majority in principal amount of
the Securities may direct the Trustee in its exercise of any trust or power.
The Trustee may withhold from Securityholders notice of any continuing Default
(except a Default in payment of principal or interest) if it determines that
withholding notice is in the interest of the Holders.

14. TRUSTEE DEALINGS WITH THE COMPANY

     Subject to certain limitations imposed by the Act, the Trustee under the
Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

15. NO RECOURSE AGAINST OTHERS

     A director, officer, employee or stockholder, as such, of the Company or
the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Securityholder waives and releases all such liability. The waiver and
release are part of the consideration for the issue of the Securities.

16. AUTHENTICATION

     This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

17. ABBREVIATIONS

     Customary abbreviations may be used in the name of a Securityholder or an
assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

<PAGE>
                                                                              11

18. CUSIP NUMBERS

     Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Securityholders. No representation is
made as to the accuracy of such numbers either as printed on the Securities or
as contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

19. GOVERNING LAW

     THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

     The Company will furnish to any Securityholder upon written request and
without charge to the Security holder a copy of the Indenture which has in it
the text of this Security in larger type. Requests may be made to:

                  Roto-Rooter, Inc.
                  255 East Fifth Street
                  Cincinnati, Ohio  45202
                  Facsimile:  (513) 287-6216

                  Attention:  General Counsel

<PAGE>

                                                                              12

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

     (Print or type assignee's name, address and zip code)

     (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint ___________ agent to transfer this Security on the
books of the Company. The agent may substitute another to act for him.

Date:_______________  Your Signature:________________________________

Sign exactly as your name appears on the other side of this Security.

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.06 or 4.10 of the Indenture, check the box:

                                      [ ]

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.06 or 4.10 of the Indenture, state the
principal amount: $

Dated:_____________  Your Signature:__________________________________
                                    (Sign exactly as your
                                    name appears on the
                                    other side of this Security.)

Signature Guarantee:_______________________________________________
                            (Signature must be guaranteed)

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or such
other "signature guarantee program" as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.<PAGE>

                                                                     EXHIBIT 4.5

                                                                  EXECUTION COPY

                               ROTO-ROOTER, INC.

                  Floating Rate Senior Secured Notes Due 2010

                                   INDENTURE

                         Dated as of February 24, 2004

                            WELLS FARGO BANK, N.A.,
                                  as Trustee

<PAGE>

                             CROSS-REFERENCE TABLE*\

<TABLE>
<CAPTION>
           TIA                                                      Indenture
         Section                                                     Section
<S>                                                                 <C>
310(a)(1)             ...........................................   7.10
     (a)(2)           ...........................................   7.10
     (a)(3)           ...........................................   N.A.
     (a)(4)           ...........................................   N.A.
     (b)              ...........................................   7.08; 7.10
     (c)              ...........................................   N.A.
311(a)                ...........................................   7.11
     (b)              ...........................................   7.11
     (c)              ...........................................   N.A.
312(a)                ...........................................   2.05
     (b)              ...........................................   12.03
     (c)              ...........................................   12.03
313(a)                ...........................................   7.06
     (b)(1)           ...........................................   7.06
     (b)(2)           ...........................................   7.06
     (c)              ...........................................   12.02
     (d)              ...........................................   7.06
314(a)                ...........................................   4.02; 4.10;
                                                                    12.02
     (b)              ...........................................   N.A.
     (c)(1)           ...........................................   12.04
     (c)(2)           ...........................................   12.04
     (c)(3)           ...........................................   N.A.
     (d)              ...........................................   N.A.
     (e)              ...........................................   12.05
     (f)              ...........................................   4.10
315(a)                ...........................................   7.01
     (b)              ...........................................   7.05; 12.02
     (c)              ...........................................   7.01
     (d)              ...........................................   7.01
     (e)              ...........................................   6.11
316(a)(last sentence) ...........................................   12.06
     (a)(1)(A)        ...........................................   6.05
     (a)(1)(B)        ...........................................   6.04
     (a)(2)           ...........................................   N.A.
     (b)              ...........................................   6.07
317(a)(1)             ...........................................   6.08
     (a)(2)           ...........................................   6.09
     (b)              ...........................................   2.04
318(a)                ...........................................  12.01
</TABLE>
                           N.A. means Not Applicable.

Note:  This Cross-Reference Table shall not, for any purpose, be deemed to
be part of the Indenture.

<PAGE>

i

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                     Page
<S>                 <C>                                                                              <C>
                                               ARTICLE 1

                               Definitions and Incorporation by Reference

SECTION 1.01.       Definitions..................................................................      1
SECTION 1.02.       Other Definitions............................................................     38
SECTION 1.03.       Incorporation by Reference of Trust Indenture Act............................     38
SECTION 1.04.       Rules of Construction........................................................     39

                                               ARTICLE 2

                                             The Securities

SECTION 2.01.       Form and Dating..............................................................     40
SECTION 2.02.       Execution and Authentication.................................................     40
SECTION 2.03.       Registrar and Paying Agent...................................................     41
SECTION 2.04.       Paying Agent To Hold Money in Trust..........................................     42
SECTION 2.05.       Securityholder Lists.........................................................     42
SECTION 2.06.       Transfer and Exchange........................................................     42
SECTION 2.07.       Replacement Securities.......................................................     43
SECTION 2.08.       Outstanding Securities.......................................................     44
SECTION 2.09.       Temporary Securities.........................................................     44
SECTION 2.10.       Cancellation.................................................................     44
SECTION 2.11.       Defaulted Interest...........................................................     45
SECTION 2.12.       CUSIP Numbers................................................................     45
SECTION 2.13.       Issuance of Additional Securities............................................     45

                                               ARTICLE 3

                                               Redemption

SECTION 3.01.       Notices to Trustee...........................................................     46
SECTION 3.02.       Selection of Securities to Be Redeemed.......................................     46
SECTION 3.03.       Notice of Redemption.........................................................     47
SECTION 3.04.       Effect of Notice of Redemption...............................................     48
SECTION 3.05.       Deposit of Redemption Price..................................................     48
SECTION 3.06.       Securities Redeemed in Part..................................................     48

                                               ARTICLE 4

                                               Covenants

SECTION 4.01.       Payment of Securities........................................................     49
</TABLE>

<PAGE>
ii

<TABLE>
<S>                 <C>                                                                               <C>
SECTION 4.02.       SEC Reports..................................................................     49
SECTION 4.03.       Limitation on Indebtedness...................................................     50
SECTION 4.04.       Limitation on Restricted Payments............................................     54
SECTION 4.05.       Limitation on Restrictions on Distributions from Restricted Subsidiaries.....     59
SECTION 4.06.       Limitation on Sales of Assets and Subsidiary Stock...........................     62
SECTION 4.07.       Limitation on Affiliate Transactions.........................................     67
SECTION 4.08.       Limitation on Lines of Business..............................................     69
SECTION 4.09.       Limitation on the Sale or Issuance of Capital Stock of
                        Restricted Subsidiaries..................................................     69
SECTION 4.10.       Change of Control............................................................     70
SECTION 4.11.       Limitation on Liens..........................................................     72
SECTION 4.12.       Limitation on Sale/Leaseback Transactions....................................     72
SECTION 4.13.       Future Subsidiary Guarantors; Additional Security............................     73
SECTION 4.14.       Ratings......................................................................     73
SECTION 4.15.       Impairment of Security Interest..............................................     74
SECTION 4.16.       Compliance Certificate.......................................................     74
SECTION 4.17.       Further Instruments and Acts.................................................     74

                                               ARTICLE 5

                                           Successor Company

SECTION 5.01.       When Company May Merge or Transfer Assets....................................     75

                                               ARTICLE 6

                                         Defaults and Remedies

SECTION 6.01.       Events of Default............................................................     77
SECTION 6.02.       Acceleration.................................................................     80
SECTION 6.03.       Other Remedies...............................................................     80
SECTION 6.04.       Waiver of Past Defaults......................................................     81
SECTION 6.05.       Control by Majority..........................................................     81
SECTION 6.06.       Limitation on Suits..........................................................     81
SECTION 6.07.       Rights of Holders to Receive Payment.........................................     82
SECTION 6.08.       Collection Suit by Trustee...................................................     82
SECTION 6.09.       Trustee May File Proofs of Claim.............................................
SECTION 6.10.       Priorities...................................................................     83
SECTION 6.11.       Undertaking for Costs........................................................     83
SECTION 6.12.       Waiver of Stay or Extension Laws.............................................     84
</TABLE>
<PAGE>
iii

<TABLE>
<S>                 <C>                                                                              <C>
                                               ARTICLE 7

                                                Trustee

SECTION 7.01.       Duties of Trustee............................................................     84
SECTION 7.02.       Rights of Trustee............................................................     85
SECTION 7.03.       Individual Rights of Trustee.................................................     86
SECTION 7.04.       Trustee's Disclaimer.........................................................     87
SECTION 7.05.       Notice of Defaults...........................................................     87
SECTION 7.06.       Reports by Trustee to Holders................................................     87
SECTION 7.07.       Compensation and Indemnity...................................................     87
SECTION 7.08.       Replacement of Trustee.......................................................     88
SECTION 7.09.       Successor Trustee by Merger..................................................     89
SECTION 7.10.       Eligibility; Disqualification................................................     90
SECTION 7.11.       Preferential Collection of Claims Against Company............................     90

                                               ARTICLE 8

                                   Discharge of Indenture; Defeasance

SECTION 8.01.       Discharge of Liability on Securities; Defeasance.............................     90
SECTION 8.02.       Conditions to Defeasance.....................................................     92
SECTION 8.03.       Application of Trust Money...................................................     93
SECTION 8.04.       Repayment to Company.........................................................     93
SECTION 8.05.       Indemnity for Government Obligations.........................................     94
SECTION 8.06.       Reinstatement................................................................     94

                                               ARTICLE 9

                                               Amendments

SECTION 9.01.       Without Consent of Holders...................................................     94
SECTION 9.02.       With Consent of Holders......................................................     96
SECTION 9.03.       Compliance with Trust Indenture Act..........................................     97
SECTION 9.04.       Revocation and Effect of Consents and Waivers................................     97
SECTION 9.05.       Notation on or Exchange of Securities........................................     97
SECTION 9.06.       Trustee To Sign Amendments...................................................     98

                                               ARTICLE 10

                                         Subsidiary Guarantees

SECTION 10.01.      Guarantees...................................................................     98
SECTION 10.02.      Limitation on Liability.....................................................     101
SECTION 10.03.      Successors and Assigns......................................................     101
</TABLE>

<PAGE>
iv

<TABLE>
<S>                 <C>                                                                              <C>
SECTION 10.04.      No Waiver...................................................................     102
SECTION 10.05.      Modification................................................................     102
SECTION 10.06.      Release of Subsidiary Guarantor.............................................     102
SECTION 10.07.      Contribution................................................................     103

                                               ARTICLE 11

                                        Collateral and Security

SECTION 11.01.      Security Documents..........................................................     104
SECTION 11.02.      Recording and Opinions......................................................     105
SECTION 11.03.      Release of Collateral.......................................................     105
SECTION 11.04.      [Reserved]..................................................................     108
SECTION 11.05.      Authorization of Actions to Be Taken by the Trustee Under
                        the Security Documents and the Collateral Sharing Agreement.............     108
SECTION 11.06.      Authorization of Receipt and Distribution of Funds by the
                        Trustee Under the Security Documents and the Collateral
                        Sharing Agreement.......................................................     109
SECTION 11.07.      Termination of Security Interest............................................     109
SECTION 11.08.      Trustee Serving as Collateral Agent; Amendments or Supplements
                        to, or Replacements of, the Security Documents and
                        the Collateral Agency Agreement.........................................     109
SECTION 11.09.      Designations................................................................     110

                                               ARTICLE 12

                                             Miscellaneous

SECTION 12.01.      Trust Indenture Act Controls................................................     111
SECTION 12.02.      Notices.....................................................................     111
SECTION 12.03.      Communication by Holders with Other Holders.................................     112
SECTION 12.04.      Certificate and Opinion as to Conditions Precedent..........................     112
SECTION 12.05.      Statements Required in Certificate or Opinion...............................     112
SECTION 12.06.      When Securities Disregarded.................................................     113
SECTION 12.07.      Rules by Trustee, Paying Agent and Registrar................................     113
SECTION 12.08.      Legal Holidays..............................................................     113
SECTION 12.09.      Governing Law...............................................................     113
SECTION 12.10.      No Recourse Against Others..................................................     114
SECTION 12.11.      Successors..................................................................     114
SECTION 12.12.      Multiple Originals..........................................................     114
</TABLE>

<PAGE>
v

<TABLE>
<S>                 <C>                                                                              <C>
SECTION 12.13.      Table of Contents; Headings.................................................     114

Appendix

Exhibit 1 -         Form of Initial Security

Exhibit A -         Form of Exchange Security
</TABLE>
<PAGE>

                         INDENTURE dated as of February 24, 2004 between
                    ROTO-ROOTER, INC., a Delaware corporation (the "Company"),
                    the subsidiary guarantors listed on Schedule I (the
                    "Subsidiary Guarantors") and WELLS FARGO BANK, N.A, a
                    national banking association (the "Trustee").

          Each party agrees as follows for the benefit of the other parties
and for the equal and ratable benefit of the Holders of (a) the Company's
Floating Rate Senior Secured Notes Due 2010 issued on the date hereof (the
"Original Securities"), (b) any Additional Securities (as defined herein) that
may be issued (all such Securities in clauses (a) and (b) being referred to
collectively as the "Initial Securities") and (c) if and when issued pursuant
to a registered exchange for Initial Securities, the Company's Floating Rate
Senior Secured Notes Due 2010 (the "Exchange Securities", and together with
the Initial Securities, the "Securities"):

                                    ARTICLE 1

                    Definitions and Incorporation by Reference

          SECTION 1.01. Definitions.

          "Additional Assets" means:

          (1) any property or assets (other than Indebtedness and Capital
     Stock) to be used by the Company or a Restricted Subsidiary in a
     Permitted Business;

          (2) the Capital Stock of a Person that becomes a Restricted
     Subsidiary as a result of the acquisition of such Capital Stock by the
     Company or another Restricted Subsidiary; or

          (3) Capital Stock constituting a minority interest in any Person
     that at such time is a Restricted Subsidiary;

<PAGE>

provided, however, that any such Restricted Subsidiary described in clauses
(2) or (3) above is primarily engaged in a Permitted Business.

          "Additional Securities" means, subject to the Company's compliance
with Section 4.03, Floating Rate Senior Secured Notes Due 2010 issued from time
to time after the Issue Date under the terms of this Indenture (other than
pursuant to Section 2.06, 2.07, 2.09 or 3.06 of this Indenture and other than
Exchange Securities issued pursuant to an exchange offer for other Securities
outstanding under this Indenture).

          "Administrative Agent" means Bank One, NA, in its capacity as
administrative agent under the Credit Agreement and any successor
Administrative Agent appointed pursuant to the Credit Agreement.

          "Affiliate" of any specified Person means any other Person, directly
or indirectly, controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
"control" when used with respect to any Person means the power to direct the
management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the
terms "controlling" and "controlled" have meanings correlative to the
foregoing. For purposes of Sections 4.06 and 4.07 only, "Affiliate" shall also
mean any beneficial owner of Capital Stock representing 5% or more of the
total voting power of the Voting Stock (on a fully diluted basis) of the
Company or of rights or warrants to purchase such Voting Stock (whether or not
currently exercisable) and any Person who would be an Affiliate of any such
beneficial owner pursuant to the first sentence hereof.

          "Aggregate Credit Agreement Exposure" means at any time, without
duplication, the aggregate amount of Credit Agreement Obligations outstanding
plus the amount of all commitments of the lenders thereunder to extend credit
(whether by making loans or providing or participating in letters of credit or
otherwise), but excluding any letters of credit or obligations owing in
respect of letters of credit to the extent the same are secured in accordance
with the Credit Agreement by property that does not secure the Securities.

                                      2

<PAGE>

          "Asset Disposition" means any sale, lease, transfer or other
disposition (or series of related sales, leases, transfers or dispositions) by
the Company or any Restricted Subsidiary, including any disposition by means
of a merger, consolidation or similar transaction (each referred to for the
purposes of this definition as a "disposition"), of property or assets
including any shares of Capital Stock of a Restricted Subsidiary other than:

          (1) a disposition by a Restricted Subsidiary to the Company or by
     the Company or a Restricted Subsidiary to a Restricted Subsidiary;

          (2) with respect to Capital Stock of a Restricted Subsidiary, a
     disposition of directors' qualifying shares or shares required by
     applicable law to be held by a Person other than the Company or a
     Restricted Subsidiary;

          (3) a disposition that constitutes a Restricted Payment that is not
     prohibited by Section 4.04 or a Permitted Investment or a disposition of
     all or substantially all the assets of the Company or a Subsidiary
     Guarantor in accordance with Section 5.01;

          (4) a disposition of inventory in the ordinary course of business;

          (5) a disposition of any obsolete, excess, damaged, surplus or
     worn-out equipment, property or assets or of property or assets no longer
     used or useful in the business of the Company and its Restricted
     Subsidiaries;

          (6) a disposition of cash or of Temporary Cash Investments;

          (7) leases or licenses of assets in the ordinary course of business;

          (8) the creation of Permitted Liens; or

          (9) a disposition of assets with a Fair Market Value of less than
     $100,000.

          "Attributable Debt" in respect of a Sale/Leaseback Transaction means,
as at the time of determination, the present value (discounted at the

                                      3

<PAGE>

interest rate borne by the Securities, compounded annually) of the total
obligations of the lessee for rental payments during the remaining term of the
lease included in such Sale/Leaseback Transaction (including any period for
which such lease has been extended).

          "Average Life" means, as of the date of determination, with respect to
any Indebtedness or Preferred Stock, the quotient obtained by dividing:

          (1) the sum of the products of the numbers of years from the date of
     determination to the dates of each successive scheduled principal payment
     of such Indebtedness or scheduled redemption or similar payment with
     respect to such Preferred Stock multiplied by the amount of such payment by

          (2) the sum of all such payments.

          "Board of Directors" means the Board of Directors of the Company or
any committee thereof duly authorized to act on behalf of the Board of Directors
of the Company.

          "Business Day" means each day which is not a Legal Holiday.

          "Capital Stock" of any Person means any and all shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or
interests in (however designated) equity of such Person, including any Preferred
Stock, but excluding any debt securities convertible into such equity.

          "Capitalized Lease Obligations" means an obligation that is required
to be classified and accounted for as a capitalized lease for financial
reporting purposes in accordance with GAAP, and the amount of Indebtedness
represented by such obligation shall be the capitalized amount of such
obligation determined in accordance with GAAP; and the Stated Maturity thereof
shall be the date of the last payment of rent or any other amount due under such
lease prior to the first date upon which such lease may be prepaid by the lessee
without payment of a penalty.

          "Change of Control" means the occurrence of any of the following
events:

                                      4

<PAGE>

               (1) any "person" or "group" (as such terms are used in Sections
          13(d) and 14(d) of the Exchange Act), is or becomes the beneficial
          owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act,
          except that, for purposes of this clause, such person or group shall
          be deemed to have "beneficial ownership" of all shares that any such
          person or group has the right to acquire, whether such right is
          exercisable immediately or only after the passage of time), directly
          or indirectly, of more than 50% of the total voting power of the
          Voting Stock of the Company;

               (2) during any period of two consecutive years, individuals who
          at the beginning of such period constituted the Board of Directors of
          the Company (together with any new directors whose election by the
          Board of Directors or whose nomination for election by the
          shareholders of the Company was approved by a vote of 66 2/3% of the
          directors of the Company then still in office who were either
          directors at the beginning of such period or whose election or
          nomination for election was previously so approved) cease for any
          reason to constitute a majority of the applicable board of directors
          then in office;

               (3) the adoption of a plan relating to the liquidation or
          dissolution of the Company; or

               (4) the merger or consolidation of the Company with or into
          another Person or the merger of another Person with or into the
          Company, or the sale, lease, transfer, conveyance or other disposition
          of all or substantially all the assets of the Company, to another
          Person and, in the case of any such merger or consolidation, other
          than a transaction following which holders of securities that
          represented 100% of the Voting Stock of the Company outstanding
          immediately prior to such transaction (or other securities into which
          such securities are converted as part of such merger or consolidation
          transaction) own directly or indirectly at least a majority of the
          voting power of the Voting Stock of the surviving Person in such
          merger or consolidation transaction immediately after such transaction
          and in substantially the same proportion as before the transaction.

                                      5

<PAGE>

          "Chemed Capital Trust" means Chemed Capital Trust, a Delaware
statutory business trust.

          "Chemed Preferred Securities" means the convertible trust preferred
securities of Chemed Capital Trust issued in exchange for shares of Company
capital stock pursuant to an exchange offer completed on February 1, 2000. As of
January 31, 2004, 522,149 Chemed Preferred Securities were outstanding.

          "Closing Date" means the date of this Indenture.

          "Closing Date Stock Award Plan" means the Company's employee stock
award plan in existence on the Closing Date.

          "Code" means the Internal Revenue Code of 1986, as amended.

          "Collateral" means all the collateral provided for under and described
in the Security Documents.

          "Collateral Agent" means Bank One, NA, in its capacity as collateral
agent under the Security Documents, together with its successors and permitted
assigns.

          "Collateral Sharing Agreement" means the Collateral Sharing Agreement
dated as of February 24, 2004, among the Collateral Agent, the Trustee, the
Administrative Agent and the Company, as such agreement may be amended,
supplemented or replaced pursuant to the terms of the Indenture.

               "Company" means the party named as such in this Indenture until a
          successor replaces it and, thereafter, means the successor and, for
          purposes of any provision contained herein and required by the TIA,
          each other obligor on the indenture securities.

               "Consolidated Indebtedness" means, as of any date of
          determination, the total Indebtedness of the Company and its
          Consolidated Restricted Subsidiaries, without duplication, other than,
          at any time prior to January 1, 2005, the Trust Securities.

               "Consolidated Interest Expense" means, for any period, the total
          interest expense of the Company and its Consolidated Restricted
          Subsidiaries, plus, to the extent

                                      6

<PAGE>

          Incurred by the Company and its Consolidated Restricted Subsidiaries
          in such period but not included in such interest expense, without
          duplication:

               (1) interest expense attributable to Capitalized Lease
          Obligations and the interest expense attributable to leases
          constituting part of a Sale/Leaseback Transaction,

               (2) amortization of debt discount and debt issuance costs,
          provided that the fees paid by the Company to the lenders under the
          Credit Agreement and to the placement agent in connection with the
          offering and sale on the Issue Date of the Fixed Rate Notes and the
          Original Securities shall not be included,

               (3) capitalized interest,

               (4) noncash interest expense,

               (5) commissions, discounts and other fees and charges
          attributable to letters of credit and bankers' acceptance financing,

               (6) interest accruing on any Indebtedness of any other Person to
          the extent such Indebtedness is Guaranteed by the Company or any
          Restricted Subsidiary,

               (7) net costs associated with Hedging Obligations (including
          amortization of fees),

               (8) dividends in respect of all Disqualified Stock of the Company
          and all Preferred Stock of any of the Subsidiaries of the Company, to
          the extent held by Persons other than the Company or a Wholly Owned
          Subsidiary; provided that regular, scheduled dividends on the Trust
          Securities declared or paid prior to January 1, 2005, shall not be
          included, and

               (9) the cash contributions to any employee stock ownership plan
          or similar trust to the extent such contributions are used by such
          plan or trust to pay interest or fees to any Person (other than the
          Company) in connection with Indebtedness Incurred by such plan or
          trust.

                                      7

<PAGE>

          Notwithstanding anything to the contrary herein, any premium paid in
          connection with the repayment of Indebtedness of the Company in
          connection with the Transactions and interest on the Trust Securities
          paid on or prior to January 1, 2005 shall not be included in
          Consolidated Interest Expense.

          "Consolidated Leverage Ratio" as of any date of determination means
the ratio of:

               (1) Consolidated Indebtedness at such time to

               (2) the aggregate amount of EBITDA for the period of the most
          recent four consecutive fiscal quarters ending at least 45 days prior
          to the date of such determination;

provided, however, that:

                    (A) if the Company or any Restricted Subsidiary has Incurred
               any Indebtedness since the beginning of such period that remains
               outstanding on such date of determination or if the transaction
               giving rise to the need to calculate the Consolidated Leverage
               Ratio is an Incurrence of Indebtedness, EBITDA for such period
               shall be calculated after giving effect on a pro forma basis to
               such Indebtedness as if such Indebtedness had been Incurred on
               the first day of such period and the discharge of any other
               Indebtedness repaid, repurchased, defeased or otherwise
               discharged with the proceeds of such new Indebtedness as if such
               discharge had occurred on the first day of such period,

                    (B) if the Company or any Restricted Subsidiary has repaid,
               repurchased, defeased or otherwise discharged any Indebtedness
               since the beginning of such period or if any Indebtedness is to
               be repaid, repurchased, defeased or otherwise discharged (in each
               case other than Indebtedness Incurred under any revolving credit
               facility unless such Indebtedness has been permanently repaid and
               has not been replaced) on the date of the transaction giving rise
               to the need to calculate the Consolidated Leverage Ratio, EBITDA
               for such period shall be calculated on a pro forma basis as if
               such discharge had

                                      8

<PAGE>

               occurred on the first day of such period and as if the Company or
               such Restricted Subsidiary has not earned the interest income
               actually earned during such period in respect of cash or
               Temporary Cash Investments used to repay, repurchase, defease or
               otherwise discharge such Indebtedness,

                    (C) if since the beginning of such period the Company or any
               Restricted Subsidiary shall have made any Asset Disposition, the
               EBITDA for such period shall be reduced by an amount equal to the
               EBITDA (if positive) directly attributable to the assets that are
               the subject of such Asset Disposition for such period or
               increased by an amount equal to the EBITDA (if negative) directly
               attributable thereto for such period,

                    (D) if since the beginning of such period the Company or any
               Restricted Subsidiary (by merger or otherwise) shall have made an
               Investment in any Restricted Subsidiary (or any Person that
               becomes a Restricted Subsidiary) or an acquisition of assets,
               including any acquisition of assets occurring in connection with
               a transaction causing a calculation to be made hereunder, which
               constitutes all or substantially all of an operating unit of a
               business, EBITDA for such period shall be calculated after giving
               pro forma effect thereto (including the Incurrence of any
               Indebtedness) as if such Investment or acquisition occurred on
               the first day of such period, and

                    (E) if since the beginning of such period any Person (that
               subsequently became a Restricted Subsidiary or was merged with or
               into the Company or any Restricted Subsidiary since the beginning
               of such period) shall have Incurred any Indebtedness or
               discharged any Indebtedness or made any Asset Disposition or any
               Investment or acquisition of assets that would have required an
               adjustment pursuant to clause (C) or (D) above if made by the
               Company or a Restricted Subsidiary during such period, EBITDA for
               such period shall be calculated after giving pro forma effect
               thereto as if such Incurrence, discharge, Asset

                                      9

<PAGE>

               Disposition, Investment or acquisition of assets occurred on the
               first day of such period.

          For purposes of this definition, whenever pro forma effect is to be
given to any calculation under this definition, the pro forma calculations shall
be determined in good faith by a responsible financial or accounting Officer of
the Company and (i) shall comply, to the extent not inconsistent with the
provisions of the Indenture, with the requirements of Rule 11-02 of Regulation
S-X of the SEC and (ii) may include adjustments for operating expense reductions
that would be permitted by such Rule.

          If any Indebtedness bears a floating rate of interest and is being
given pro forma effect, the interest expense on such Indebtedness shall be
calculated as if the rate in effect on the date of determination had been the
applicable rate for the entire period (taking into account any Interest Rate
Agreement applicable to such Indebtedness if such Interest Rate Agreement has a
remaining term as at the date of determination in excess of 12 months).

          "Consolidated Net Income" means, for any period, the net income (loss)
of the Company and its Consolidated Subsidiaries for such period; provided,
however, that there shall not be included in such Consolidated Net Income:

          (1) any net income of any Person (other than the Company) if such
     Person is not a Restricted Subsidiary, except that:

                    (A) subject to the limitations contained in clause (4)
               below, the Company's equity in the net income of any such Person
               for such period shall be included in such Consolidated Net Income
               up to the aggregate amount of cash actually distributed by such
               Person during such period to the Company or a Restricted
               Subsidiary as a dividend or other distribution (subject, in the
               case of a dividend or other distribution made to a Restricted
               Subsidiary, to the limitations contained in clause (3) below) and

                    (B) the Company's equity in a net loss of any such Person
               for such period shall be included in determining such
               Consolidated Net Income;

                                      10

<PAGE>

               (2) any net income (or loss) of any Person acquired by the
          Company or a Subsidiary of the Company in a pooling of interests
          transaction for any period prior to the date of such acquisition;

               (3) any net income (or loss) of any Restricted Subsidiary if such
          Restricted Subsidiary is subject to restrictions, directly or
          indirectly, on the payment of dividends or the making of distributions
          by such Restricted Subsidiary, directly or indirectly, to the Company,
          except that:

                    (A) subject to the limitations contained in clause (4)
               below, the Company's equity in the net income of any such
               Restricted Subsidiary for such period shall be included in such
               Consolidated Net Income up to the aggregate amount of cash
               permitted to be distributed by such Restricted Subsidiary during
               such period to the Company or another Restricted Subsidiary as a
               dividend or other distribution (subject, in the case of a
               dividend or other distribution made to another Restricted
               Subsidiary, to the limitation contained in this clause) and

                    (B) the Company's equity in a net loss of any such
               Restricted Subsidiary for such period shall be included in
               determining such Consolidated Net Income;

               (4) any gain (but not loss) realized upon the sale or other
          disposition of any asset of the Company or its Consolidated
          Subsidiaries (including pursuant to any Sale/Leaseback Transaction)
          that is not sold or otherwise disposed of in the ordinary course of
          business and any gain (but not loss) realized upon the sale or other
          disposition of any Capital Stock of any Person;

               (5) the net after tax effect of any extraordinary gain or loss
          (including all fees and expenses related to such extraordinary gain or
          loss) or of any impairment loss on or writedown of goodwill; and

               (6) the cumulative effect of a change in accounting principles.

                                      11

<PAGE>

          Notwithstanding the foregoing, for the purpose of Section 4.04 only,
there shall be excluded from Consolidated Net Income any dividends, repayments
of loans or advances or other transfers of assets from Unrestricted Subsidiaries
to the Company or a Restricted Subsidiary to the extent such dividends,
repayments or transfers increase the amount of Restricted Payments permitted
under Section 4.04(a)(4)(C)(iv).

          "Consolidated Net Worth" means the total of the amounts shown on the
balance sheet of the Company and its Restricted Subsidiaries, determined on a
Consolidated basis, as of the end of the most recent fiscal quarter of the
Company ending at least 45 days prior to the taking of any action for the
purpose of which the determination is being made, as

               (1) the par or stated value of all outstanding Capital Stock of
          the Company plus

               (2) paid-in capital or capital surplus relating to such Capital
          Stock plus

               (3) any retained earnings or earned surplus less

                    (A) any accumulated deficit and

                    (B) any amounts attributable to Disqualified Stock.

          "Consolidation" means the consolidation of the accounts of each of the
Restricted Subsidiaries with those of the Company in accordance with GAAP
consistently applied; provided, however, that "Consolidation" will not include
consolidation of the accounts of any Unrestricted Subsidiary, but the interest
of the Company or any Restricted Subsidiary in an Unrestricted Subsidiary will
be accounted for as an investment. The term "Consolidated" has a correlative
meaning.

          "Credit Agreement" means the credit agreement dated as of February 24,
2004, among the Company, Bank One, NA and others, together with any guarantees,
collateral documents, instruments and agreements executed in connection
therewith, in each case, as amended, restated, supplemented, waived, replaced
(whether or not upon termination, and whether with the original lenders or
otherwise), refinanced, restructured or otherwise modified

                                      12

<PAGE>

from time to time (except to the extent that any such amendment, restatement,
supplement, waiver, replacement, refinancing, restructuring or other
modification thereto would be prohibited by the terms of this Indenture, unless
otherwise agreed to by the Holders of at least a majority in aggregate principal
amount of Securities at the time outstanding).

          "Credit Agreement Obligations" means (i) all Indebtedness outstanding
under the Credit Agreement and (ii) all other obligations (not constituting
Indebtedness) of the Company or a Subsidiary Guarantor under the Credit
Agreement and (iii) all other obligations of the Company or any Subsidiary
Guarantor owing in connection with Hedging Obligations to any lender under the
Credit Agreement or any affiliate of any such lender, unless the Company and
such lender mutually agree that such Hedging Obligation does not constitute a
"Secured Obligation" as defined in the Credit Agreement.

          "Currency Agreement" means with respect to any Person any foreign
exchange contract, currency swap agreements or other similar agreement or
arrangement to which such Person is a party or of which it is a beneficiary.

          "Default" means any event which is, or after notice or passage of time
or both would be, an Event of Default.

          "Designated Percentage" means a majority unless (i) the Floating Rate
Exchange Offer (as defined in the Registration Rights Agreement) has not
occurred, (ii) a Notes Registration Statement (as defined in the Registration
Rights Agreement) is not then effective and (iii) there are less than 15
Holders, in which case "Designated Percentage" means 67%.

          "Discharge of Credit Agreement Obligations" means payment in full in
cash of the principal of and interest and premium, if any, on all Indebtedness
outstanding under the Credit Agreement or with respect to Hedging Obligations
that are Credit Agreement Obligations or with respect to letters of credit
outstanding thereunder, delivery of cash collateral or backstop letters of
credit in respect thereof in compliance with such Credit Agreement, in each case
after or concurrently with termination of all commitments to extend credit
thereunder and payments in full of any

                                      13

<PAGE>

other Credit Agreement Obligations that are due and payable or otherwise accrued
and owing at or prior to the time such principal, interest and premium, if any,
are paid.

          "Disqualified Stock" means, with respect to any Person, any Capital
Stock which by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable or exercisable) or upon the
happening of any event:

          (1) matures or is mandatorily redeemable pursuant to a sinking fund
     obligation or otherwise,

          (2) is convertible or exchangeable for Indebtedness or Disqualified
     Stock (excluding Capital Stock convertible or exchangeable solely at the
     option of the Company or a Restricted Subsidiary; provided, however, that
     any such conversion or exchange shall be deemed an Incurrence of
     Indebtedness or Disqualified Stock, as applicable) or

          (3) is redeemable at the option of the holder thereof, in whole or in
     part,

in the case of each of clauses (1), (2) and (3), on or prior to the first
anniversary of the Stated Maturity of the Securities; provided, however, that
any Capital Stock that would not constitute Disqualified Stock but for
provisions thereof giving holders thereof the right to require such Person to
repurchase or redeem such Capital Stock upon the occurrence of an "asset sale"
or "change of control" occurring prior to the first anniversary of the Stated
Maturity of the Securities shall not constitute Disqualified Stock if the "asset
sale" or "change of control" provisions applicable to such Capital Stock are not
more favorable to the holders of such Capital Stock than the provisions
applicable to the Securities in Sections 4.06 and 4.10.

          "Domestic Subsidiary" means any Restricted Subsidiary of the Company
other than a Foreign Subsidiary.

          "EBITDA" for any period means the Consolidated Net Income for such
period, plus, without duplication, the following to the extent deducted in
calculating such Consolidated Net Income:

                                      14

<PAGE>

               (1) income tax expense of the Company and its Consolidated
          Restricted Subsidiaries,

               (2) Consolidated Interest Expense,

               (3) depreciation expense of the Company and its Consolidated
          Restricted Subsidiaries,

               (4) amortization expense of the Company and its Consolidated
          Restricted Subsidiaries (including amortization recorded in connection
          with the application of Financial Accounting Standard No. 142
          (Goodwill and Other Intangibles)),

               (5) payments made in connection with the Non-Competition and
          Consulting Agreement dated as of December 18, 2003, between the
          Company and Hugh Westbrook (the "Westbrook Agreement") in the amount
          of $25.0 million and transaction fees and expenses paid in connection
          with the Transactions,

               (6) any severance payments related to the acquisition of Vitas,
          as contemplated by the Private Placement Memorandum and not to exceed
          $14.5 million, plus any related employment taxes and employee benefit
          charges,

               (7) dividends, distributions and payments not in excess of $2.8
          million under the Closing Date Stock Award Plan, and

               (8) all other noncash charges of the Company and its Consolidated
          Restricted Subsidiaries (excluding any such noncash charge to the
          extent it represents an accrual of or reserve for cash expenditures in
          any future period) less all non-cash items of income of the Company
          and its Consolidated Restricted Subsidiaries,

in each case for such period.

          Notwithstanding the foregoing, the provision for taxes based on the
income or profits of, and the depreciation and amortization and noncash charges
of, a Restricted Subsidiary of the Company shall be added to Consolidated Net
Income to compute EBITDA only to the extent (and in the same proportion) that
the net income (loss) of such Restricted Subsidiary was included in

                                      15

<PAGE>

calculating Consolidated Net Income and only if a corresponding amount would be
permitted at the date of determination to be dividended to the Company by such
Restricted Subsidiary without prior approval (that has not been obtained),
pursuant to the terms of its charter and all agreements, instruments, judgments,
decrees, orders, statutes, rules and governmental regulations applicable to such
Restricted Subsidiary or its stockholders.

          "Eligible Indebtedness" has the meaning assigned to it under clause
3(A) of Section 4.06(a).

          "Exchange Act" means the Securities Exchange Act of 1934, as amended.

          "Exchange Securities" means the debt securities of the Company issued
pursuant to this Indenture in exchange for, and in an aggregate principal amount
equal to, the Initial Securities, in compliance with the terms of the
Registration Rights Agreement.

          "Fair Market Value" means, with respect to any asset or property, the
price which could be negotiated in an arm's-length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is
under undue pressure or compulsion to complete the transaction. For all purposes
of this Indenture, the Fair Market Value of property or assets which involve an
aggregate amount in excess of $25.0 million shall be set forth in a resolution
approved by the Board of Directors in good faith; provided that for property or
assets, other than cash, Indebtedness or readily marketable securities, in an
aggregate amount in excess of $50.0 million, Fair Market Value shall be
determined in writing by a nationally recognized appraisal or investment banking
firm.

          "Fixed Rate Notes" means the 8 3/4% Fixed Rate Notes due 2011 issued
by the Company under the Indenture dated as of February 24, 2004, between the
Company and LaSalle Bank National Association, as trustee, and any exchange
notes issued under such indenture.

          "Foreign Subsidiary" means any Restricted Subsidiary of the Company
that is not organized under the laws of the United States of America or any
State thereof or the District of Columbia.

                                      16

<PAGE>

          "GAAP" means generally accepted accounting principles in the United
States of America as in effect as of the Closing Date, including those set forth
in:

          (1) the opinions and pronouncements of the Accounting Principles Board
     of the American Institute of Certified Public Accountants,

          (2) statements and pronouncements of the Financial Accounting
     Standards Board,

          (3) such other statements by such other entities as approved by a
     significant segment of the accounting profession, and

          (4) the rules and regulations of the SEC governing the inclusion of
     financial statements (including pro forma financial statements) in periodic
     reports required to be filed pursuant to Section 13 of the Exchange Act,
     including opinions and pronouncements in staff accounting bulletins and
     similar written statements from the accounting staff of the SEC.

          All ratios and computations based on GAAP contained in this Indenture
shall be computed in conformity with GAAP.

          "Guarantee" means any obligation, contingent or otherwise, of any
Person directly or indirectly guaranteeing any Indebtedness or other obligation
of any other Person and any obligation, direct or indirect, contingent or
otherwise, of such Person:

          (1) to purchase or pay (or advance or supply funds for the purchase or
     payment of) such Indebtedness or other obligation of such other Person
     (whether arising by virtue of partnership arrangements, or by agreements to
     keep-well, to purchase assets, goods, securities or services, to
     take-or-pay, or to maintain financial statement conditions or otherwise) or

          (2) entered into for purposes of assuring in any other manner the
     obligee of such Indebtedness or other obligation of the payment thereof or
     to protect such obligee against loss in respect thereof (in whole or in
     part);

                                      17

<PAGE>

provided, however, that the term "Guarantee" shall not include endorsements for
collection or deposit in the ordinary course of business. The term "Guarantee"
used as a verb has a corresponding meaning. The term "Guarantor" shall mean any
Person Guaranteeing any obligation.

          "Hedging Obligations" of any Person means the obligations of such
Person pursuant to any Interest Rate Agreement or Currency Agreement.

          "Holder" or "Securityholder" means the Person in whose name a Security
is registered on the Registrar's books.

          "Incur" means issue, assume, Guarantee, incur or otherwise become
liable for; provided, however, that any Indebtedness or Capital Stock of a
Person existing at the time such Person becomes a Subsidiary (whether by merger,
consolidation, acquisition or otherwise) shall be deemed to be Incurred by such
Person at the time it becomes a Subsidiary. The term "Incurrence" when used as a
noun shall have a correlative meaning. Solely for purposes of determining
compliance with Section 4.03:

          (1) amortization of debt discount or the accretion of principal with
     respect to a non-interest bearing or other discount security;

          (2) the payment of regularly scheduled interest in the form of
     additional Indebtedness of the same instrument or the payment of regularly
     scheduled dividends on Capital Stock (other than Disqualified Stock) in the
     form of additional Capital Stock of the same class and with the same terms;
     and

          (3) the obligation to pay a premium in respect of Indebtedness arising
     in connection with the issuance of a notice of redemption or the making of
     a mandatory offer to purchase such Indebtedness

will not be deemed to be the Incurrence of Indebtedness.

          "Indebtedness" means, with respect to any Person on any date of
determination, without duplication:

          (1) the principal of and premium (if any) in respect of indebtedness
     of such Person for borrowed money;

                                      18

<PAGE>

          (2) the principal of and premium (if any) in respect of obligations of
     such Person evidenced by bonds, debentures, notes or other similar
     instruments;

          (3) all obligations of such Person in respect of letters of credit or
     other similar instruments (including reimbursement obligations with respect
     thereto but excluding obligations in respect of letters of credit securing
     obligations (other than obligations in clauses (1), (2), (4) or (5) hereof)
     entered into in the ordinary course of business of such Person to the
     extent such letters of credit are not drawn upon or, if and to the extent
     drawn upon, such drawing is reimbursed no later than the tenth Business Day
     following payment on the letter of credit);

          (4) all obligations of such Person to pay the deferred and unpaid
     purchase price of property or services (except Trade Payables or other
     obligations arising in the ordinary course of business), which purchase
     price is due more than six months after the date of placing such property
     in service or taking delivery and title thereto or the completion of such
     services;

          (5) all Capitalized Lease Obligations and all Attributable Debt of
     such Person;

          (6) the amount of all obligations of such Person with respect to the
     redemption, repayment or other repurchase of any Disqualified Stock or,
     with respect to any Subsidiary of such Person, any Preferred Stock (but
     excluding, in each case, any accrued dividends);

          (7) all Indebtedness of other Persons secured by a Lien on any asset
     of such Person, whether or not such Indebtedness is assumed by such Person;
     provided, however, that the amount of Indebtedness of such Person shall be
     the lesser of:

               (A) the Fair Market Value of such asset at such date of
          determination and

               (B) the amount of such Indebtedness of such other Persons;

                                      19

<PAGE>

          (8) all net obligations of such person in respect of Interest Rate
     Agreements or Currency Agreements; and

          (9) all obligations of the type referred to in clauses (i) through
     (viii) of other Persons and all dividends of other Persons for the payment
     of which, in either case, such Person is responsible or liable, directly or
     indirectly, as obligor, guarantor or otherwise, including by means of any
     Guarantee.

          The amount of Indebtedness of any Person at any date shall be the
outstanding balance at such date of all unconditional obligations as described
above and the maximum liability, upon the occurrence of the contingency giving
rise to the obligation, of any contingent obligations at such date.

          "Indenture Documents" means (a) this Indenture, the Securities and the
Security Documents and (b) any other related document or instrument executed and
delivered pursuant to any Indenture Document described in clause (a) of this
definition evidencing or governing Obligations.

          "Intellectual Property Security Agreements" means the intellectual
property security agreements as the Company or any Subsidiary Guarantor may from
time to time make in favor of the Collateral Agent for the benefit of the
Holders and the other creditors of the Company subject to the Collateral Sharing
Agreement, in each case as the same may be amended, restated, supplemented or
otherwise modified from time to time.

          "Interest Period" means, for any interest payment date, a period from
and including the preceding interest payment date to but excluding such interest
payment date, provided, however, that the initial Interest Period will be the
period from and including the series issuance date to but excluding the May 15,
2004 interest payment date.

          "Interest Rate Agreement" means with respect to any Person any
interest rate protection agreement, interest rate future agreement, interest
rate option agreement, interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate hedge agreement or
other similar agreement or arrangement to which such Person is party or of which
it is a beneficiary.

                                      20

<PAGE>

          "Investment" in any Person means any direct or indirect advance, loan
(other than advances to customers in the ordinary course of business that are
recorded as accounts receivable on the balance sheet of the lender) or other
extension of credit (including by way of Guarantee or similar arrangement) or
capital contribution to (by means of any transfer of cash or other property to
others or any payment for property or services for the account or use of
others), or any purchase or acquisition of Capital Stock, Indebtedness or other
similar instruments issued by such Person. Except as otherwise provided for
herein, the amount of an Investment shall be its fair value at the time the
Investment is made and without giving effect to subsequent changes in value. For
purposes of the definition of "Unrestricted Subsidiary" and Section 4.04:

          (1) "Investment" shall include the portion (proportionate to the
     Company's equity interest in such Subsidiary) of the Fair Market Value of
     the net assets of any Subsidiary of the Company at the time that such
     Subsidiary is designated an Unrestricted Subsidiary; provided, however,
     that upon a redesignation of such Subsidiary as a Restricted Subsidiary,
     the Company shall be deemed to continue to have a permanent "Investment" in
     an Unrestricted Subsidiary in an amount (if positive) equal to:

               (A) the Company's "Investment" in such Subsidiary at the time of
          such redesignation less

               (B) the portion (proportionate to the Company's equity interest
          in such Subsidiary) of the Fair Market Value of the net assets of such
          Subsidiary at the time of such redesignation; and

          (2) any property transferred to or from an Unrestricted Subsidiary
     shall be valued at its Fair Market Value at the time of such transfer.

          "Issue Date" means February 24, 2004.

          "Legal Holiday" means a Saturday, Sunday or other day on which banking
institutions are not required by law or regulation to be open in the State of
New York.

          "Lien" means any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind

                                      21

<PAGE>

(including any conditional sale or other title retention agreement or lease in
the nature thereof).

          "Net Available Cash" from an Asset Disposition means cash payments
received (including any cash payments received by way of deferred payment of
principal pursuant to a note or installment receivable or otherwise and proceeds
from the sale or other disposition of any securities received as consideration,
but only as and when received, but excluding any other consideration received in
the form of assumption by the acquiring Person of Indebtedness or other
obligations relating to the properties or assets that are the subject of such
Asset Disposition or received in any other noncash form) therefrom, in each case
net of:

          (1) all legal, accounting, investment, banking, title and recording
     tax expenses, commissions and other fees and expenses incurred, and all
     Federal, state, provincial, foreign and local taxes required to be paid or
     accrued as a liability under GAAP, as a consequence of such Asset
     Disposition,

          (2) all payments made on any Indebtedness other than Indebtedness
     under this Indenture and the Credit Agreement which is secured by any
     assets subject to such Asset Disposition, in accordance with the terms of
     any Lien upon or other security agreement of any kind with respect to such
     assets, or which must by its terms, or in order to obtain a consent to such
     Asset Disposition, or by applicable law be repaid out of the proceeds from
     such Asset Disposition,

          (3) all distributions and other payments required to be made to
     minority interest holders in Subsidiaries or joint ventures as a result of
     such Asset Disposition and

          (4) appropriate amounts to be provided by the seller as a reserve, in
     accordance with GAAP, against any liabilities associated with the property
     or other assets disposed of in such Asset Disposition and retained by the
     Company or any Restricted Subsidiary after such Asset Disposition or
     liabilities under indemnification obligations associated with such Asset
     Disposition or any purchase price adjustments.

                                      22

<PAGE>

     "Net Cash Proceeds", with respect to any issuance or sale of Capital Stock,
     means the cash proceeds of such issuance or sale net of attorneys' fees,
     accountants' fees, underwriters' or placement agents' fees, discounts or
     commissions and brokerage, consultant and other fees actually incurred in
     connection with such issuance or sale and net of taxes paid or payable as a
     result thereof.

          "Non-Recourse Debt" means Indebtedness as to which neither the Company
nor any Restricted Subsidiary (a) provides any Guarantee or credit support of
any kind (including any undertaking, guarantee, indemnity, agreement or
instrument that would constitute Indebtedness) or (b) is directly or indirectly
liable (as guarantor or otherwise); and (c) as to which there is no recourse
against any of the assets of the Company or its Restricted Subsidiaries (other
than assets or Capital Stock of Unrestricted Subsidiaries, provided however,
that Indebtedness of an Unrestricted Subsidiary which consists of a Guarantee of
Indebtedness of the Company or a Restricted Subsidiary to a Person other than an
Unrestricted Subsidiary, or a lien on property or stock of an Unrestricted
Subsidiary that secures Indebtedness of the Company or a Restricted Subsidiary
to a Person other than an Unrestricted Subsidiary, shall be deemed to constitute
Non-Recourse Debt as long as the Unrestricted Subsidiary does not have recourse
against the Company or a Restricted Subsidiary under such Indebtedness.

          "Obligations" means all obligations of the Company and the Subsidiary
Guarantors under this Indenture, the Securities and the other Indenture
Documents, including obligations to the Trustee and the Collateral Agent whether
for payment of principal of, interest, including Additional Interest, if any, on
the Securities and all other monetary obligations of the Company and the
Guarantors under this Indenture, the Securities and the other Indenture
Documents, whether for fees, expenses, indemnification or otherwise.

          "Officer" means the Chairman of the Board, the Chief Executive
Officer, the Chief Financial Officer, the President, any Vice President, the
Treasurer or the Secretary of the Company. "Officer" of a Subsidiary Guarantor
has a correlative meaning.

          "Officers' Certificate" means a certificate signed by two Officers.

                                      23

<PAGE>

          "Opinion of Counsel" means a written opinion from legal counsel who is
acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company, a Subsidiary Guarantor or the Trustee.

          "Permitted Business" means any business engaged in by the Company or
any Restricted Subsidiary on the Closing Date and any related, ancillary or
complementary business.

          "Permitted Investment" means an Investment by the Company or any
Restricted Subsidiary in:

          (1) the Company, a Restricted Subsidiary or a Person that will, upon
     the making of such Investment, become a Restricted Subsidiary; provided,
     however, that the primary business of such Restricted Subsidiary is a
     Permitted Business;

          (2) another Person if as a result of such Investment such other Person
     is merged or consolidated with or into, or transfers or conveys all or
     substantially all its assets to, the Company or a Restricted Subsidiary;
     provided, however, that such Person's primary business is a Permitted
     Business;

          (3) Temporary Cash Investments;

          (4) receivables owing to the Company or any Restricted Subsidiary if
     created or acquired in the ordinary course of business and payable or
     dischargeable in accordance with customary trade terms; provided, however,
     that such trade terms may include such concessionary trade terms as the
     Company or any such Restricted Subsidiary deems reasonable under the
     circumstances;

          (5) payroll, travel and similar advances to cover matters that are
     expected at the time of such advances ultimately to be treated as expenses
     for accounting purposes and that are made in the ordinary course of
     business;

          (6) loans or advances to employees made in the ordinary course of
     business consistent with prudent practices and applicable law and not
     exceeding $2 million at any time outstanding;

                                      24

<PAGE>

          (7) stock, obligations or securities received in settlement of debts
     created in the ordinary course of business and owing to the Company or any
     Restricted Subsidiary or in satisfaction of judgments;

          (8) any Person to the extent such Investment represents the noncash
     portion of the consideration received for an Asset Disposition that was
     made pursuant to and in compliance with Section 4.06;

          (9) any Person; provided, that the payment for such Investments
     consists solely of Capital Stock of the Company (other than Disqualified
     Stock);

          (10) any Person consisting of the licensing of intellectual property
     pursuant to joint ventures, strategic alliances or joint marketing
     arrangements with such Person, in each case made in the ordinary course of
     business;

          (11) a vendor or supplier consisting of loans or advances to such
     vendor or supplier in connection with any guarantees to the Company or any
     Restricted Subsidiary of supply by, or to fund the supply capacity of, such
     vendor or supplier, in any case not to exceed $2.0 million at any one time
     outstanding;

          (12) loans to and other Investments in independent contractors and
     subcontractors of the Company or its Restricted Subsidiaries, not to exceed
     $4.0 million at any one time outstanding; or

          (13) any other Investments to the extent such Investments, when taken
     together with all other Investments made pursuant to this clause (13)
     outstanding on the date such Investment is made, do not exceed $5.0
     million.

          "Permitted Liens" means, with respect to any Person:

          (1) pledges or deposits by such Person under worker's compensation
     laws, unemployment insurance laws or similar legislation, or good faith
     deposits in connection with bids, tenders, contracts (other than for the
     payment of Indebtedness) or leases to which such Person is a party, or
     deposits to secure public or statutory obligations of such Person or
     deposits of

                                      25

<PAGE>

     cash or United States government bonds to secure surety or appeal bonds to
     which such Person is a party, or deposits as security for contested taxes
     or import duties or for the payment of rent, in each case Incurred in the
     ordinary course of business;

          (2) Liens imposed by law, such as landlords', carriers',
     warehousemen's and mechanics' Liens, in each case for sums not yet due or
     being contested in good faith by appropriate proceedings or other Liens
     arising out of judgments or awards against such Person with respect to
     which such Person shall then be proceeding with an appeal or other
     proceedings for review;

          (3) Liens for taxes, assessments or governmental charges or levies
     either not yet due or payable or subject to penalties for non-payment or
     which are being contested in good faith by appropriate proceedings;

          (4) Liens in favor of issuers of surety bonds or letters of credit
     issued pursuant to the request of and for the account of such Person in the
     ordinary course of its business; provided, however, that such letters of
     credit do not constitute Indebtedness;

          (5) minor survey exceptions, minor encumbrances, easements or
     reservations of, or rights of others for, licenses, rights-of-way, sewers,
     electric lines, telegraph and telephone lines and other similar purposes,
     or zoning or other restrictions as to the use of real property or Liens
     incidental to the conduct of the business of such Person or to the
     ownership of its properties which were not Incurred in connection with
     Indebtedness and which do not in the aggregate materially adversely affect
     the value of said properties or materially impair their use in the
     operation of the business of such Person;

          (6) Liens securing Indebtedness permitted to be Incurred pursuant to
     Section 4.03(b)(8); provided, however, that the Lien may not extend to any
     other property owned by such Person or any of its Subsidiaries at the time
     the Lien is Incurred;

          (7) Liens to secure Indebtedness permitted pursuant to paragraph (a)
     or clauses (1), (3)(A), (9)

                                      26

<PAGE>

     or (13) of Section 4.03(b)and other Credit Agreement Obligations;

          (8) Liens existing on the Closing Date;

          (9) Liens on property or shares of stock of another Person at the time
     such other Person becomes a Subsidiary of such Person; provided, however,
     that such Liens are not created, Incurred or assumed in connection with, or
     in contemplation of, such other Person becoming such a Subsidiary; provided
     further, however, that such Liens do not extend to any other property owned
     by such Person or any of its Subsidiaries;

          (10) Liens on property at the time such Person or any of its
     Subsidiaries acquires the property, including any acquisition by means of a
     merger or consolidation with or into such Person or any Subsidiary of such
     Person; provided, however, that such Liens are not created, Incurred or
     assumed in connection with, or in contemplation of, such acquisition;
     provided further, however, that the Liens do not extend to any other
     property owned by such Person or any of its Subsidiaries;

          (11) Liens securing obligations under Hedging Obligations so long as
     such obligations relate to Indebtedness permitted to be Incurred pursuant
     to Section 4.03 that is, and is permitted under this Indenture to be,
     secured by a Lien on the same property securing such obligations;

          (12) Liens to secure any Refinancing (or successive Refinancings) as a
     whole, or in part, of any Indebtedness secured by any Lien referred to in
     the foregoing clauses (6), (7), (8), (9) or (10); provided, however, that:

               (A) such new Lien shall be limited to all or part of the same
          property that secured the original Lien (plus improvements to or on
          such property) and

               (B) the Indebtedness secured by such Lien at such time is not
          increased to any amount greater than the sum of:

                                      27

<PAGE>

                         (i) the outstanding principal amount or, if greater,
                    committed amount of the Indebtedness secured by Liens
                    described under clauses (6), (7), (8), (9) or (10) at the
                    time the original Lien became a Permitted Lien under this
                    Indenture and

                         (ii) an amount necessary to pay any fees and expenses,
                    including premiums, related to such Refinancings; and

               (13) Liens to secure Indebtedness permitted to be Incurred
          pursuant to Section 4.03 or other obligations in an aggregate
          principal amount which, when taken together with all other
          Indebtedness and obligations secured by Liens pursuant to this clause
          (13) and remaining outstanding, does not exceed $10.0 million at any
          time.

          "Person" means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust,
unincorporated organization, government or any agency or political subdivision
thereof or any other entity.

          "Pledge and Security Agreement" means the Pledge and Security
Agreement dated as of February 24, 2004, among the Company, the Subsidiaries
of the Company set forth on a schedule thereto and the Collateral Agent, as
amended, restated, supplemented or otherwise modified from time to time.

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

          "principal" of a Security means the principal of the Security plus the
premium, if any, payable on the Security which is due or overdue or is to become
due at the relevant time.

          "Private Placement Memorandum" means the Private Placement Memorandum
dated February 24, 2004, relating to the issuance by Roto-Rooter, Inc. of (i)
2,000,000 shares

                                      28

<PAGE>

of Capital Stock, par value $1.00 per share, (ii) $110.0 million of Securities
and (iii) $150.0 million of Fixed Rate Notes.

          "Purchase Money Indebtedness" means Indebtedness:

          (1) consisting of the deferred purchase price of property, conditional
     sale obligations, obligations under any title retention agreement, other
     purchase money obligations and obligations in respect of industrial revenue
     bonds, in each case where the maturity of such Indebtedness does not exceed
     the anticipated useful life of the property being financed, and

          (2) Incurred to finance the acquisition, construction or lease by the
     Company or a Restricted Subsidiary of the property, including additions and
     improvements thereto;

          provided, however, that the Indebtedness is Incurred within 180 days
after the acquisition, construction or lease of the property by the Company or
Restricted Subsidiary.

          "Refinance" means, in respect of any Indebtedness, to refinance,
extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue
other Indebtedness exchange or replacement for, such Indebtedness. "Refinanced"
and "Refinancing" shall have correlative meanings.

          "Refinancing Indebtedness" means Indebtedness that is Incurred to
Refinance any Indebtedness of the Company or any Restricted Subsidiary existing
on the Closing Date or Incurred in compliance with this Indenture (including
Indebtedness of the Company that Refinances Refinancing Indebtedness); provided,
however, that:

          (1) the Refinancing Indebtedness has a Stated Maturity no earlier than
     the Stated Maturity of the Indebtedness being Refinanced;

          (2) the Refinancing Indebtedness has an Average Life at the time such
     Refinancing Indebtedness is Incurred that is equal to or greater than the
     Average Life of the Indebtedness being Refinanced;

                                      29

<PAGE>

          (3) such Refinancing Indebtedness is Incurred in an aggregate
     principal amount (or if issued with original issue discount, an aggregate
     issue price) that is equal to or less than the aggregate principal amount
     (or if issued with original issue discount, the aggregate accreted value)
     then outstanding of the Indebtedness being Refinanced; and

          (4) if the Indebtedness being Refinanced is contractually subordinated
     in right of payment to the Securities, such Refinancing Indebtedness is
     contractually subordinated in right of payment to the Securities at least
     to the same extent as the Indebtedness being Refinanced;

provided further, however, that Refinancing Indebtedness shall not include:

               (A) Indebtedness of a Restricted Subsidiary that Refinances
          Indebtedness of the Company or

               (B) Indebtedness of the Company or a Restricted Subsidiary that
          Refinances Indebtedness of an Unrestricted Subsidiary.

          "Registration Rights Agreement" means the Registration Rights
Agreement dated as of February 24, 2004, among the Company, the initial Holders,
the initial holders of the Fixed Rate Notes and certain other Persons.

          "Restricted Subsidiary" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

          "Sale/Leaseback Transaction" means an arrangement relating to property
now owned or hereafter acquired by the Company or a Restricted Subsidiary
whereby the Company or a Restricted Subsidiary transfers such property to a
Person and the Company or such Restricted Subsidiary leases it from such Person,
other than leases between the Company and a Wholly Owned Subsidiary or between
Wholly Owned Subsidiaries.

          "SEC" means the Securities and Exchange Commission.

          "Secured Indebtedness" means any Indebtedness of the Company secured
by a Lien. "Secured Indebtedness" of a Subsidiary Guarantor has a correlative
meaning.

                                      30

<PAGE>

          "Security Documents" means (a) the Pledge and Security Agreement, any
Intellectual Property Security Agreement and any other document or instrument
pursuant to which a Lien is granted by the Company or any Guarantor to secure
any Obligations or under which rights or remedies with respect to such Lien are
governed, as such agreements may be amended, modified or supplemented from time
to time and (b) substantially identical agreements hereafter entered into
pursuant to Section 10.09(c). Prior to the Discharge of Credit Agreement
Obligations, the "Security Documents" will mean the Security Documents among the
Company, the Subsidiary Guarantors and the Collateral Agent, as such agreements
may be amended, modified or supplemented from time to time in accordance with
their terms, this Indenture and the Collateral Sharing Agreement.

          "Senior Indebtedness" of the Company or any Subsidiary means the
principal of, premium (if any) and accrued and unpaid interest on (including
interest accruing on or after the filing of any petition in bankruptcy or for
reorganization of the Company or any Subsidiary, regardless of whether or not a
claim for post-filing interest is allowed in such proceedings), and fees and
other amounts owing in respect of, Indebtedness of the Company or any
Subsidiary, as applicable, whether outstanding on the Closing Date or thereafter
Incurred, unless in the instrument creating or evidencing the same or pursuant
to which the same is outstanding it is provided that such obligations are
subordinated in right of payment to the Securities or such Subsidiary's
Subsidiary Guarantee, as applicable; provided, however, that Senior Indebtedness
of the Company or any Subsidiary shall not include:

          (1) any obligation of the Company to any Subsidiary of the Company or
     of such Subsidiary to the Company or any other Subsidiary of the Company;

          (2) any liability for Federal, state, local or other taxes owed or
     owing by the Company or such Subsidiary, as applicable;

          (3) any accounts payable or other liability to trade creditors arising
     in the ordinary course of business (including Guarantees thereof or
     instruments evidencing such liabilities);

          (4) any Indebtedness or obligation of the Company (and any accrued and
     unpaid interest in

                                      31

<PAGE>

     respect thereof) that by its terms is subordinate or junior in any respect
     to any other Indebtedness or obligation of the Company or such Subsidiary,
     as applicable, including any Subordinated Obligations of the Company or
     such Subsidiary, as applicable;

          (5) any obligations with respect to any Capital Stock; or

          (6) any Indebtedness Incurred in violation of this Indenture.

          "Significant Subsidiary" means any Restricted Subsidiary that would be
a "Significant Subsidiary" of the Company within the meaning of Rule 1-02 under
Regulation S-X promulgated by the SEC.

          "Stated Maturity" means, with respect to any security, the date
specified in such security as the fixed date on which the final payment of
principal of such security is due and payable, including pursuant to any
mandatory redemption provision (but excluding any provision providing for the
repurchase of such security at the option of the holder thereof upon the
happening of any contingency beyond the control of the issuer unless such
contingency has occurred).

          "Subordinated Chemed Debentures" means the Convertible Junior
Subordinated Debentures due 2030, issued by the Company pursuant to the
indenture dated as of February 7, 2000, between the Company and Firstar Bank,
National Association, as trustee.

          "Subordinated Obligation" means any Indebtedness of the Company
(whether outstanding on the Closing Date or thereafter Incurred) that is
subordinate or junior in right of payment to the Securities pursuant to a
written agreement. "Subordinated Obligation" of a Subsidiary Guarantor has a
correlative meaning, except that the reference to "Securities" in the preceding
sentence shall be deemed to refer to such Subsidiary's Subsidiary Guarantee.

          "Subsidiary" of any Person means any corporation, association,
partnership or other business entity of which more than 50% of the total voting
power of shares of Capital Stock or other interests (including partnership
interests) entitled (without regard to the occurrence of

                                      32

<PAGE>

any contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by:

          (1) such Person,

          (2) such Person and one or more Subsidiaries of such Person or

          (3) one or more Subsidiaries of such Person.

          "Subsidiary Guarantee" means each Guarantee of the obligations with
respect to the Securities issued by a Subsidiary of the Company pursuant to the
terms of this Indenture.

          "Subsidiary Guarantor" means any Subsidiary that has issued a
Subsidiary Guarantee.

          "Temporary Cash Investments" means any of the following:

          (1) any investment in direct obligations of the United States of
     America or any agency thereof or obligations Guaranteed by the United
     States of America or any agency thereof;

          (2) investments in time deposit accounts, certificates of deposit and
     money market deposits maturing within 180 days of the date of acquisition
     thereof issued by a bank or trust company that is organized under the laws
     of the United States of America, any state thereof or any foreign country
     recognized by the United States of America having capital, surplus and
     undivided profits aggregating in excess of $250,000,000 (or the foreign
     currency equivalent thereof) and whose long-term debt is rated "A" (or such
     similar equivalent rating) or higher by at least one nationally recognized
     statistical rating organization (as defined in Rule 436 under the
     Securities Act);

          (3) repurchase obligations with a term of not more than 30 days for
     underlying securities of the types described in clause (1) above entered
     into with a bank meeting the qualifications described in clause (2) above;

                                      33

<PAGE>

          (4) investments in commercial paper, maturing not more than 90 days
     after the date of acquisition, issued by a corporation (other than an
     Affiliate of the Company) organized and in existence under the laws of the
     United States of America or any foreign country recognized by the United
     States of America with a rating at the time as of which any investment
     therein is made of "P-1" (or higher) according to Moody's Investors
     Service, Inc. or "A-1" (or higher) according to Standard and Poor's Ratings
     Service, a division of The McGraw-Hill Companies, Inc. ("S and P"); and

          (5) investments in securities with maturities of six months or less
     from the date of acquisition issued or fully guaranteed by any state,
     commonwealth or territory of the United States of America, or by any
     political subdivision or taxing authority thereof, and rated at least "A"
     by S&P or "A" by Moody's Investors Service, Inc.

          "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. ss.ss.
77aaa-77bbbb) as in effect on the date of this Indenture.

          "Trade Payables" means, with respect to any Person, any accounts
payable or any indebtedness or monetary obligation to trade creditors created,
assumed or Guaranteed by such Person arising in the ordinary course of business
in connection with the acquisition of goods or services.

          "Transactions" means, collectively, the following transactions, which
shall be consummated on or about the date of the closing of the offering of the
Original Securities: (i) the consummation of the merger of Vitas with and into
an indirect Wholly Owned Subsidiary of the Company pursuant to a merger
agreement dated as of December 18, 2003, among the Company, Vitas and Marlin
Merger Corp., (ii) the repayment of approximately $74.4 million of existing
indebtedness of Vitas, plus accrued interest thereon, (iii) the repayment of
approximately $29.4 million of existing indebtedness of the Company (including a
$3.0 million make whole premium), plus accrued interest thereon, (iv) the
assignment of the Westbrook Agreement by the Company to Vitas, the payment of
$25.0 million by Vitas to Hugh A. Westbrook pursuant to the Westbrook Agreement
and the performance of the other obligations under the Westbrook Agreement, (v)
the consummation of the offering

                                      34

<PAGE>

and sale of the Original Securities, Fixed Rate Notes and Capital Stock of the
Company and the execution and delivery of notes, indentures and other agreements
in connection therewith, (vi) the Company and certain of its Subsidiaries
entering into the Credit Agreement and the borrowing on the Closing Date of
$75.0 million thereunder (vii) the issuance or deemed issuance of letters of
credit under the Credit Agreement to replace or backstop, or the cash
collateralization of, letters of credit issued for the account of the Company or
any of its Subsidiaries or Vitas or any of its Subsidiaries, (viii) the
cancelation of a warrant held by the Company for shares of Vitas stock and (ix)
the payment of fees and expenses in connection with the foregoing.

          "Trustee" means the party named as such in the Indenture until a
successor replaces it and, thereafter, means the successor.

          "Trust Officer" means the Chairman of the Board, the President or any
other officer or assistant officer of the Trustee assigned by the Trustee to
administer its corporate trust matters.

          "Trust Securities" means the Chemed Preferred Securities, the
Subordinated Chemed Debentures and the guarantee by the Company to the holders
of the Chemed Preferred Securities of amounts payable thereunder.

          "Uniform Commercial Code" means the New York Uniform Commercial Code
as in effect from time to time.

          "Unrestricted Subsidiary" means:

          (1) any Subsidiary of the Company that at the time of determination
     shall be designated an Unrestricted Subsidiary by the Board of Directors in
     the manner provided below and

          (2) any Subsidiary of an Unrestricted Subsidiary.

          The Board of Directors may designate any Subsidiary of the Company
(including any newly acquired or newly formed Subsidiary of the Company) to be
an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries
owns any Capital Stock or Indebtedness of, or owns or holds any Lien on any
property of, the Company

                                      35

<PAGE>

or any other Subsidiary of the Company that is not a Subsidiary of the
Subsidiary to be so designated; provided, however, that either:

               (A) the Subsidiary to be so designated has total Consolidated
          assets of $1,000 or less, or

               (B) if such Subsidiary has Consolidated assets greater than
          $1,000, then such designation would be permitted under Section 4.04.

The Board of Directors may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided, however, that immediately after giving effect
to such designation:

               (C) the Company could Incur $1.00 of additional Indebtedness
          under Section 4.03(a) and

               (D) no Default shall have occurred and be continuing.

          Any such designation of a Subsidiary as a Restricted Subsidiary or
Unrestricted Subsidiary by the Board of Directors shall be evidenced to the
Trustee by promptly filing with the Trustee a copy of the resolution of the
Board of Directors giving effect to such designation and an Officers'
Certificate certifying that such designation complied with the foregoing
provisions.

          "U.S. Government Obligations" means direct obligations (or
certificates representing an ownership interest in such obligations) of the
United States of America (including any agency or instrumentality thereof) for
the payment of which the full faith and credit of the United States of America
is pledged and which are not callable or redeemable at the issuer's option.

          "Vitas" means Vitas Healthcare Corporation or any successor thereto by
any merger, consolidation or other transaction which is permitted hereunder.

          "VNF" means Vitas of North Florida, Inc., a Florida not-for-profit
corporation and a Wholly Owned Subsidiary of Vitas.

          "Voting Stock" of a Person means all classes of Capital Stock or other
interests (including partnership

                                      36

<PAGE>

interests) of such Person then outstanding and normally entitled (without regard
to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof.

          "Westbrook Agreement" has the meaning assigned to such term in the
definition of "EBITDA".

          "Wholly Owned Subsidiary" means a Restricted Subsidiary of the Company
all the Capital Stock of which (other than directors' qualifying shares or
shares issued to third parties to the extent necessary to satisfy any licensing
requirements under applicable law with respect to the Company's or any of its
Subsidiaries' business) is owned by the Company or another Wholly Owned
Subsidiary.

                                      37

<PAGE>

SECTION 1.02.  Other Definitions.

<TABLE>
<CAPTION>
                                                                     Defined in
                                        Term                          Section
                                        ----                        ------------
<S>                                                                 <C>
"Affiliate Transaction"..........................................   4.07(a)
"Bankruptcy Law".................................................   6.01
"Change of Control Offer"........................................   4.09(b)
"covenant defeasance option".....................................   8.01(b)
"Custodian"......................................................   6.01
"Event of Default"...............................................   6.01
"Initial Lien"...................................................   4.11
"legal defeasance option"........................................   8.01(b)
"Offer"..........................................................   4.06(b)
"Offer Amount"...................................................   4.06(c)(2)
"Offer Period"...................................................   4.06(c)(2)
"Paying Agent"...................................................   2.03
"Purchase Date"..................................................   4.06(c)(1)
"Registrar"......................................................   2.03
"Successor Company"..............................................   5.01(a)(1)
</TABLE>

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This
Indenture is subject to the mandatory provisions of the TIA which are
incorporated by reference in and made a part of this Indenture. The following
TIA terms have the following meanings:

          "Commission" means the SEC;

          "indenture securities" means the Securities and the Subsidiary
Guarantees;

          "indenture security holder" means a Securityholder;

          "indenture to be qualified" means this Indenture;

          "indenture trustee" or "institutional trustee" means the Trustee; and

          "obligor" on the indenture securities means the Company, each
Subsidiary Guarantor and any other obligor on the indenture securities.

          All other TIA terms used in this Indenture that are defined by the
TIA, defined by TIA reference to another statute or defined by SEC rule have the
meanings assigned to them by such definitions.

                                      38

<PAGE>

          SECTION 1.04. Rules of Construction. Unless the context otherwise
requires:

          (1) a term has the meaning assigned to it;

          (2) an accounting term not otherwise defined has the meaning assigned
     to it in accordance with GAAP;

          (3) "or" is not exclusive;

          (4) "including" means including without limitation;

          (5) words in the singular include the plural and words in the plural
     include the singular;

          (6) unsecured Indebtedness shall not be deemed to be subordinate or
     junior to secured Indebtedness merely by virtue of its nature as unsecured
     Indebtedness;

          (7) secured Indebtedness shall not be deemed to be subordinate or
     junior to any other secured Indebtedness merely because it has a junior
     priority with respect to the same collateral;

          (8) the principal amount of any noninterest bearing or other discount
     security at any date shall be the principal amount thereof that would be
     shown on a balance sheet of the issuer dated such date prepared in
     accordance with GAAP;

          (9) the principal amount of any Preferred Stock shall be (A) the
     maximum liquidation value of such Preferred Stock or (B) the maximum
     mandatory redemption or mandatory repurchase price with respect to such
     Preferred Stock, whichever is greater;

          (10) all references to the date the Securities were originally issued
     shall refer to the Issue Date; and

          (11) references to "interest" with respect to Securities in this
     Indenture shall include any additional interest payable pursuant to the
     Registration Rights Agreement.

                                      39

<PAGE>

                                   ARTICLE 2

                                The Securities

          SECTION 2.01. Form and Dating. Provisions relating to the Initial
Securities and the Exchange Securities are set forth in the Appendix attached
hereto (the "Appendix") which is hereby incorporated in, and expressly made part
of, this Indenture. The Initial Securities and the Trustee's certificate of
authentication thereof shall be substantially in the form of Exhibit 1 to the
Appendix which is hereby incorporated in, and expressly made a part of, this
Indenture. The Exchange Securities and the Trustee's certificate of
authentication thereof shall be substantially in the form of Exhibit A, which is
hereby incorporated in and expressly made a part of this Indenture. The
Securities may have notations, legends or endorsements required by law, stock
exchange rule, agreements to which the Company is subject, if any, or usage
(provided that any such notation, legend or endorsement is in a form acceptable
to the Company). Each Security shall be dated the date of its authentication.
The terms of the Securities set forth in the Appendix and Exhibit A are part of
the terms of this Indenture.

          SECTION 2.02. Execution and Authentication. An Officer shall sign the
Securities for the Company by manual or facsimile signature.

          If an Officer whose signature is on a Security no longer holds that
office at the time the Trustee authenticates the Security, the Security shall be
valid nevertheless.

          A Security shall not be valid until an authorized signatory of the
Trustee manually signs the certificate of authentication on the Security. The
signature shall be conclusive evidence that the Security has been authenticated
under this Indenture.

          On the Issue Date, the Trustee shall authenticate and deliver $110.0
million of the Securities and, at any time and from time to time thereafter, the
Trustee shall authenticate and deliver Securities for original issue in an
aggregate principal amount specified in such order, in each case, upon a written
order of the Company signed by two Officers or by an Officer and either an
Assistant Treasurer or an Assistant Secretary of the Company. Such

                                      40

<PAGE>

order shall specify the amount of the Securities to be authenticated and the
date on which the original issue of Securities is to be authenticated and, in
the case of an issuance of Additional Securities pursuant to Section 2.13 after
the Issue Date, shall certify that such issuance is in compliance with Section
4.03. The aggregate principal amount of Securities outstanding at any time may
not exceed $220.0 million except as provided in Section 2.07.

          The Trustee may appoint an authenticating agent reasonably
acceptable to the Company to authenticate the Securities. Unless limited by
the terms of such appointment, an authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as any Registrar, Paying Agent or
agent for service of notices and demands.

          SECTION 2.03. Registrar and Paying Agent. The Company shall maintain
an office or agency where Securities may be presented for registration of
transfer or for exchange (the "Registrar") and an office or agency where
Securities may be presented for payment (the "Paying Agent"). The Registrar
shall keep a register of the Securities and of their transfer and exchange. The
Company may have one or more co-registrars and one or more additional paying
agents. The term "Paying Agent" includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any
Registrar, Paying Agent or co-registrar not a party to this Indenture, which
shall incorporate the terms of the TIA. The agreement shall implement the
provisions of this Indenture that relate to such agent. The Company shall notify
the Trustee of the name and address of any such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be
entitled to appropriate compensation therefor pursuant to Section 7.07. The
Company or any Wholly Owned Subsidiary incorporated or organized within The
United States of America may act as Paying Agent, Registrar, co-registrar or
transfer agent.

          The Company initially appoints the Trustee as Registrar and Paying
Agent in connection with the Securities.

                                      41

<PAGE>

          SECTION 2.04. Paying Agent To Hold Money in Trust. Prior to each due
date of the principal and interest on any Security, the Company shall deposit
with the Paying Agent a sum sufficient to pay such principal and interest when
so becoming due. The Company shall require each Paying Agent (other than the
Trustee) to agree in writing that the Paying Agent shall hold in trust for the
benefit of Securityholders or the Trustee all money held by the Paying Agent for
the payment of principal of or interest on the Securities and shall notify the
Trustee of any default by the Company in making any such payment. If the Company
or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as
Paying Agent and hold it as a separate trust fund. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee and to account
for any funds disbursed by the Paying Agent. Upon complying with this Section,
the Paying Agent shall have no further liability for the money delivered to the
Trustee.

          SECTION 2.05. Securityholder Lists. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it
of the names and addresses of Securityholders. If the Trustee is not the
Registrar, the Company shall furnish to the Trustee, in writing at least five
Business Days before each interest payment date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of Securityholders.

          SECTION 2.06. Transfer and Exchange. The Securities shall be issued in
registered form and shall be transferable only upon the surrender of a Security
for registration of transfer. When a Security is presented to the Registrar or a
co-registrar with a request to register a transfer, the Registrar shall register
the transfer as requested if the requirements of this Indenture and Section
8-401(1) of the Uniform Commercial Code are met. When Securities are presented
to the Registrar or a co-registrar with a request to exchange them for an equal
principal amount of Securities of other denominations, the Registrar shall make
the exchange as requested if the same requirements are met. To permit
registration of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities at the Registrar's or co-registrar's
request. The Company may require payment of a

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sum sufficient to pay all taxes, assessments or other governmental charges in
connection with any transfer or exchange pursuant to this Section (other than
any such transfer taxes, assessments or similar governmental charge payable upon
exchange or transfer pursuant to Sections 3.06, 4.10 and 9.05). The Company
shall not be required to make and the Registrar need not register transfers or
exchanges of Securities selected for redemption (except, in the case of
Securities to be redeemed in part, the portion thereof not to be redeemed) or
any Securities for a period of 15 days before a selection of Securities to be
redeemed or 15 days before an interest payment date.

          Prior to the due presentation for registration of transfer of any
Security, the Company, the Trustee, the Paying Agent, the Registrar or any
co-registrar may deem and treat the person in whose name a Security is
registered as the absolute owner of such Security for the purpose of receiving
payment of principal of and interest on such Security and for all other purposes
whatsoever, whether or not such Security is overdue, and none of the Company,
the Trustee, the Paying Agent, the Registrar or any co-registrar shall be
affected by notice to the contrary.

          All Securities issued upon any transfer or exchange pursuant to the
terms of this Indenture shall evidence the same debt and shall be entitled to
the same benefits under this Indenture as the Securities surrendered upon such
transfer or exchange.

          SECTION 2.07. Replacement Securities. If a mutilated Security is
surrendered to the Registrar or if the Holder of a Security claims that the
Security has been lost, destroyed or wrongfully taken, the Company shall issue
and the Trustee shall authenticate a replacement Security if the requirements of
Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies
any other reasonable requirements of the Trustee. If required by the Trustee or
the Company, such Holder shall furnish an indemnity bond sufficient in the
judgment of the Company and the Trustee to protect the Company, the Trustee, the
Paying Agent, the Registrar and any co-registrar from any loss which any of them
may suffer if a Security is replaced. The Company and the Trustee may charge the
Holder for their expenses in replacing a Security.

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<PAGE>

          Every replacement Security is an additional Obligation of the Company.

          SECTION 2.08. Outstanding Securities. Securities outstanding at any
time are all Securities authenticated by the Trustee except for those canceled
by it, those delivered to it for cancellation and those described in this
Section as not outstanding. A Security does not cease to be outstanding because
the Company or an Affiliate of the Company holds the Security.

          If a Security is replaced pursuant to Section 2.07, it ceases to be
outstanding unless the Trustee and the Company receive proof satisfactory to
them that the replaced Security is held by a bona fide purchaser.

          If the Paying Agent segregates and holds in trust, in accordance with
this Indenture, on a redemption date or maturity date money sufficient to pay
all principal and interest payable on that date with respect to the Securities
(or portions thereof) to be redeemed or maturing, as the case may be, then on
and after that date such Securities (or portions thereof) cease to be
outstanding and interest on them ceases to accrue.

          SECTION 2.09. Temporary Securities. Until definitive Securities are
ready for delivery, the Company may prepare and the Trustee shall authenticate
temporary Securities. Temporary Securities shall be substantially in the form of
definitive Securities but may have variations that the Company considers
appropriate for temporary Securities. Without unreasonable delay, the Company
shall prepare and the Trustee shall authenticate definitive Securities and
deliver them in exchange for temporary Securities.

          SECTION 2.10. Cancellation. The Company at any time may deliver
Securities to the Trustee for cancellation. The Registrar and the Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee and no one else shall cancel and
destroy (subject to the record retention requirements of the Exchange Act) all
Securities surrendered for registration of transfer, exchange, payment or
cancellation and deliver a certificate of such destruction to the Company unless
the Company directs the Trustee to deliver canceled Securities to the

                                       44

<PAGE>

Company. The Company may not issue new Securities to replace Securities it has
redeemed, paid or delivered to the Trustee for cancellation.

          SECTION 2.11. Defaulted Interest. If the Company defaults in a payment
of interest on the Securities, the Company shall pay defaulted interest (plus
interest on such defaulted interest to the extent lawful) in any lawful manner.
The Company may pay the defaulted interest to the persons who are
Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail to each
Securityholder a notice that states the special record date, the payment date
and the amount of defaulted interest to be paid.

          SECTION 2.12. CUSIP Numbers. The Company in issuing the Securities may
use "CUSIP" numbers (if then generally in use) and, if so, the Trustee shall use
"CUSIP" numbers in notices of redemption as a convenience to Holders; provided,
however, that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers.

          SECTION 2.13. Issuance of Additional Securities. The Company shall be
entitled, subject to its compliance with Section 4.03, to issue Additional
Securities (in an aggregate principal amount not to exceed $110,000,000) under
this Indenture which shall have identical terms as the Initial Securities issued
on the Issue Date, other than with respect to the date of issuance and issue
price. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor shall be
treated as a single class for all purposes under this Indenture.

          With respect to any Additional Securities, the Company shall set forth
in a resolution of the Board of Directors and an Officers' Certificate, a copy
of each which shall be delivered to the Trustee, the following information:

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<PAGE>

          (1) the aggregate principal amount of such Additional Securities to be
     authenticated and delivered pursuant to this Indenture;

          (2) the issue price, the issue date and the CUSIP number of such
     Additional Securities; provided, however, that no Additional Securities may
     be issued at a price that would cause such Additional Securities to have
     "original issue discount" within the meaning of Section 1273 of the Code;
     and

          (3) whether such Additional Securities shall be Transfer Restricted
     Securities and issued in the form of Initial Securities as set forth in the
     Appendix to this Indenture or shall be issued in the form of Exchange
     Securities as set forth in Exhibit A.

                                    ARTICLE 3

                                   Redemption

          SECTION 3.01. Notices to Trustee. If the Company elects to redeem
Securities pursuant to paragraph 5 of the Securities, it shall notify the
Trustee in writing of the redemption date, the principal amount of Securities to
be redeemed and the paragraph of the Securities pursuant to which the redemption
will occur.

          The Company shall give each notice to the Trustee provided for in this
Section at least 60 days before the redemption date unless the Trustee consents
to a shorter period. Such notice shall be accompanied by an Officers'
Certificate and an Opinion of Counsel from the Company to the effect that such
redemption will comply with the conditions herein.

          Any notice of redemption may provide that the redemption will be
subject to specified conditions, provided that such conditions are not solely
within the Company's control.

          SECTION 3.02. Selection of Securities to Be Redeemed. If fewer than
all the Securities are to be redeemed, the Trustee shall select the Securities
to be redeemed pro rata or by lot or by a method that complies with applicable
legal and securities exchange requirements, if any, and that the Trustee in its
sole discretion shall deem to be fair and appropriate and in accordance with

                                      46

<PAGE>

methods generally used at the time of selection by fiduciaries in similar
circumstances. The Trustee shall make the selection from outstanding Securities
not previously called for redemption. The Trustee may select for redemption
portions of the principal of Securities that have denominations larger than
$1,000. Securities and portions of them the Trustee selects shall be in
principal amounts of $1,000 or a whole multiple of $1,000. Provisions of this
Indenture that apply to Securities called for redemption also apply to portions
of Securities called for redemption. The Trustee shall notify the Company
promptly of the Securities or portions of Securities to be redeemed.

          SECTION 3.03. Notice of Redemption. At least 30 days but not more than
60 days before a date for redemption of Securities, the Company shall mail a
notice of redemption by first-class mail to each Holder of Securities to be
redeemed at such Holder's registered address.

          The notice shall identify the Securities to be redeemed and shall
state:

          (1) the redemption date;

          (2) the redemption price;

          (3) the name and address of the Paying Agent;

          (4) that Securities called for redemption must be surrendered to the
     Paying Agent to collect the redemption price;

          (5) if fewer than all the outstanding Securities are to be redeemed,
     the identification and principal amounts of the particular Securities to be
     redeemed;

          (6) that, unless the Company defaults in making such redemption
     payment, interest on Securities (or portion thereof) called for redemption
     ceases to accrue on and after the redemption date;

          (7) that no representation is made as to the correctness or accuracy
     of the CUSIP number, if any, listed in such notice or printed on the
     Securities; and

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<PAGE>

          (8) any condition to such redemption permitted under Section 3.01.

          At the Company's request, the Trustee shall give the notice of
redemption in the Company's name and at the Company's expense. In such event,
the Company shall provide the Trustee with the information required by this
Section.

          SECTION 3.04. Effect of Notice of Redemption. Once notice of
redemption is mailed, Securities called for redemption become due and payable on
the redemption date and at the redemption price stated in the notice; provided
that if there is any condition to the Company's obligation to redeem such
Securities which is permitted by Section 3.01 and stated in the notice of
redemption, such Securities shall not be deemed due and payable unless and until
such condition is satisfied or waived. Upon surrender to the Paying Agent, such
Securities shall be paid at the redemption price stated in the notice, plus
accrued interest to the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest due on the related
interest payment date). Failure to give notice or any defect in the notice to
any Holder shall not affect the validity of the notice to any other Holder.

          SECTION 3.05. Deposit of Redemption Price. Prior to the redemption
date, the Company shall deposit with the Paying Agent (or, if the Company or a
Subsidiary is the Paying Agent, shall segregate and hold in trust) money
sufficient to pay the redemption price of and accrued interest on all Securities
to be redeemed on that date other than Securities or portions of Securities
called for redemption which have been delivered by the Company to the Trustee
for cancellation.

          SECTION 3.06. Securities Redeemed in Part. Upon surrender of a
Security that is redeemed in part, the Company shall execute and the Trustee
shall authenticate for the Holder (at the Company's expense) a new Security
equal in principal amount to the unredeemed portion of the Security surrendered.

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<PAGE>

                                    ARTICLE 4

                                    Covenants

          SECTION 4.01. Payment of Securities. The Company shall promptly pay
the principal of and interest on the Securities on the dates and in the manner
provided in the Securities and in this Indenture. Principal and interest shall
be considered paid on the date due if on such date the Trustee or the Paying
Agent holds in accordance with this Indenture money sufficient to pay all
principal and interest then due.

          The Company shall pay interest on overdue principal at the rate
specified therefor in the Securities, and it shall pay interest on overdue
installments of interest at the same rate to the extent lawful.

          SECTION 4.02. SEC Reports. Whether or not required by the SEC's rules
and regulations, so long as any Securities are outstanding, the Company will
furnish to the Holders, within the time periods specified in the SEC's rules and
regulations:

          (1) all quarterly and annual reports that would be required to be
     filed with the SEC on Forms 10-Q and 10-K if the Company was required to
     file such reports; and

          (2) all current reports that would be required to be filed with the
     SEC on Form 8-K if the Company was required to file such reports.

All such reports will be prepared in all material respects in accordance with
all of the SEC's rules and regulations applicable to such reports, and each
annual report on Form 10-K will include a report on the Company's consolidated
financial statements by the Company's certified independent accountants. The
Company's reporting obligations with respect to clauses (1) and (2) above shall
be deemed satisfied in the event the Company files these reports with the SEC on
EDGAR.

          If, at any time, the Company is no longer subject to the periodic
reporting requirements of the Exchange Act for any reason, the Company will
nevertheless be required to continue to file the reports specified in the
preceding paragraph with the SEC within the time periods specified

                                      49

<PAGE>

above unless the SEC will not accept such a filing. The Company agrees that it
will not take any action for the sole purpose of causing the SEC not to accept
any such filings (it being understood and agreed that, if the Company is
entitled to suspend its reporting obligations under the Exchange Act, the
Company shall not be prevented from making any filings necessary to suspend such
obligations). If, notwithstanding the foregoing, the SEC will not accept the
Company's filings for any reason, the Company will post the reports referred to
in the preceding paragraph on its website within the time periods that would
apply if the Company was required to file those reports with the SEC.

          In addition, the Company agrees that, for so long as any Securities
remain outstanding, at any time they are not required to file the reports
required by the preceding paragraphs with the SEC, they will furnish to the
Holders and to securities analysts and prospective investors, upon their written
request, the information required to be delivered pursuant to Rule 144A(d)(4)
under the Securities Act.

          SECTION 4.03. Limitation on Indebtedness. (a) The Company shall not,
and shall not permit any Restricted Subsidiary to, Incur, directly or
indirectly, any Indebtedness; provided, however, that the Company and its
Restricted Subsidiaries may Incur Indebtedness if on the date of such Incurrence
and after giving effect thereto the Consolidated Leverage Ratio would be no
greater than (i) 5.75 to 1, if such Incurrence occurs on or prior to December
31, 2004 and (ii) 5.5 to 1, if such Incurrence occurs after December 31, 2004.

          (b) Notwithstanding the foregoing paragraph (a), the Company and its
Restricted Subsidiaries may Incur the following Indebtedness:

          (1) Indebtedness Incurred pursuant to the Credit Agreement in an
     aggregate principal amount not to exceed $135.0 million less the aggregate
     amount of all Net Available Cash applied by the Company or any of its
     Restricted Subsidiaries to repay Indebtedness under the Credit Agreement
     pursuant to Section 4.06(a)(3)(A) solely to the extent the corresponding
     commitments relating to such Indebtedness are permanently reduced;

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<PAGE>

          (2) Indebtedness of the Company owed to and held by any Restricted
     Subsidiary or Indebtedness of a Restricted Subsidiary owed to and held by
     the Company or any Restricted Subsidiary; provided, however, that (A) any
     subsequent issuance or transfer of any Capital Stock or any other event
     that results in any such Restricted Subsidiary ceasing to be a Restricted
     Subsidiary or any subsequent transfer of any such Indebtedness (except to
     the Company or a Restricted Subsidiary) shall be deemed, in each case, to
     constitute the Incurrence of such Indebtedness by the issuer thereof and
     (B) if the Company or a Subsidiary Guarantor is the obligor on such
     Indebtedness, such Indebtedness is expressly subordinated to the prior
     payment in full in cash of all obligations with respect to the Securities
     or the Subsidiary Guarantees, as applicable;

          (3) Indebtedness represented by (A) the Securities (not including any
     Additional Securities), the Subsidiary Guarantees and any Exchange Notes
     and (B) the Fixed Rate Notes (but not including any additional Fixed Rate
     Notes but including any exchange notes under the indenture for the Fixed
     Rate Notes);

          (4) Indebtedness outstanding on the Closing Date (other than the
     Indebtedness described in clauses (1), (2) or (3) above);

          (5) Indebtedness of a Restricted Subsidiary Incurred and outstanding
     on or prior to the date on which such Restricted Subsidiary was acquired by
     the Company (other than Indebtedness Incurred in contemplation of, in
     connection with, as consideration in, or to provide all or any portion of
     the funds or credit support utilized to consummate, the transaction or
     series of related transactions pursuant to which such Restricted Subsidiary
     became a Subsidiary of or was otherwise acquired by the Company); provided,
     however, that on the date that such Restricted Subsidiary is acquired by
     the Company, either (x) the Company would have been able to incur $1.00 of
     additional indebtedness pursuant to Section 4.03(a) after giving effect to
     such acquisition or (y) the Consolidated Leverage Ratio after giving effect
     to such acquisition and any related transactions would be no greater than
     the Consolidated Leverage Ratio as of

                                      51

<PAGE>

such date without giving effect to such acquisition and any related
transactions;

          (6) Refinancing Indebtedness in respect of any Indebtedness Incurred
     pursuant to Section 4.03(a) or clause (3), (4), this clause (6) or clause
     (9) of this paragraph (b);

          (7) Indebtedness (A) in respect of performance bonds, bankers'
     acceptances, letters of credit and surety or appeal bonds provided by the
     Company and the Restricted Subsidiaries in the ordinary course of their
     business, and (B) under Interest Rate Agreements entered into for bona fide
     hedging purposes of the Company in the ordinary course of business;
     provided, however, that such Interest Rate Agreements do not increase the
     Indebtedness of the Company outstanding at any time other than as a result
     of fluctuations in interest rates or by reason of fees, indemnities and
     compensation payable thereunder;

          (8) Purchase Money Indebtedness, mortgage financings and Capitalized
     Lease Obligations in an aggregate principal amount not in excess of $3.0
     million at any time outstanding;

          (9) Indebtedness Incurred at a Restricted Subsidiary, to the extent
     the proceeds of such Indebtedness are used to repay Indebtedness under the
     Credit Agreement and/or the Securities;

          (10) Indebtedness arising from the honoring by a bank or other
     financial institution of a check, draft or similar instrument drawn against
     insufficient funds in the ordinary course of business, provided that such
     Indebtedness is extinguished within five Business Days of its Incurrence;

          (11) the Incurrence by the Company or any of its Restricted
     Subsidiaries of Indebtedness constituting reimbursement obligations with
     respect to letters of credit issued in the ordinary course of business;
     provided, however, that upon the drawing of such letters of credit, such
     obligations are reimbursed within 30 days following such drawing;

          (12) obligations arising from or representing deferred compensation to
     employees of the Company or

                                      52

<PAGE>

     its Subsidiaries that constitute or are deemed to be Indebtedness under
     GAAP and that are Incurred in the ordinary course of business; or

          (13) Indebtedness (other than Indebtedness permitted to be Incurred
     pursuant to the foregoing paragraph (a) or any other clause of this
     paragraph (b)) in an aggregate principal amount on the date of Incurrence
     that, when added to all other Indebtedness Incurred pursuant to this clause
     (13) and then outstanding, will not exceed $5.0 million.

          (c) Notwithstanding the foregoing, neither the Company nor any
Restricted Subsidiary may Incur any Indebtedness pursuant to paragraph (b) above
if the proceeds thereof are used, directly or indirectly, to repay, prepay,
redeem, defease, retire, refund or refinance any Subordinated Obligations unless
such Indebtedness will be subordinated to the Securities to at least the same
extent as such Subordinated Obligations.

          (d) Notwithstanding any other provision of this Section 4.03, the
maximum amount of Indebtedness that the Company or any Restricted Subsidiary may
Incur pursuant to this Section 4.03 shall not be deemed to be exceeded solely as
a result of fluctuations in the exchange rates of currencies. For purposes of
determining the outstanding principal amount of any particular Indebtedness
Incurred pursuant to this Section 4.03:

          (1) Indebtedness Incurred pursuant to the Credit Agreement prior to or
     on the Closing Date shall be treated as Incurred pursuant to clause (1) of
     paragraph (b) above,

          (2) Indebtedness permitted by this Section 4.03 need not be permitted
     solely by reference to one provision permitting such Indebtedness but may
     be permitted in part by one such provision and in part by one or more other
     provisions of this Section 4.03 permitting such Indebtedness, and

          (3) in the event that Indebtedness meets the criteria of more than one
     of the types of Indebtedness described in this Section 4.03, the Company,
     in its sole discretion, shall classify such Indebtedness and only be
     required to include the amount of such Indebtedness in one of such clauses.

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<PAGE>

          (e) In addition, the Company will not permit any of its Unrestricted
Subsidiaries to incur any Indebtedness other than Non-Recourse Debt (or issue
any shares of Disqualified Stock that is either mandatorily redeemable by the
Company or convertible or exchangeable for Indebtedness other than Non-Recourse
Debt). If at any time an Unrestricted Subsidiary becomes a Restricted
Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred
by a Restricted Subsidiary of the Company as of such date (and, if such
Indebtedness is not permitted to be Incurred as of such date under this clause
(e), the Company shall be in Default of this Section 4.03).

          SECTION 4.04. Limitation on Restricted Payments. (a) The Company shall
not, and shall not permit any Restricted Subsidiary, directly or indirectly, to:

          (1) declare or pay any dividend, make any distribution on or in
     respect of its Capital Stock or make any similar payment (including any
     payment in connection with any merger or consolidation involving the
     Company or any Subsidiary of the Company) to the direct or indirect holders
     of its Capital Stock, except (x) dividends or distributions payable solely
     in its Capital Stock (other than Disqualified Stock or Preferred Stock) and
     (y) dividends or distributions payable to the Company or a Restricted
     Subsidiary (and, if such Restricted Subsidiary has shareholders other than
     the Company or other Restricted Subsidiaries, to its other shareholders on
     a pro rata basis),

          (2) purchase, repurchase, redeem, retire or otherwise acquire for
     value any Capital Stock of the Company or any Restricted Subsidiary held by
     Persons other than the Company or a Restricted Subsidiary,

          (3) purchase, repurchase, redeem, retire, defease or otherwise acquire
     for value, prior to scheduled maturity, scheduled repayment or scheduled
     sinking fund payment any Subordinated Obligations (other than the purchase,
     repurchase, redemption, retirement, defeasance or other acquisition for
     value of Subordinated Obligations acquired in anticipation of satisfying a
     sinking fund obligation, principal installment or final maturity, in each
     case due within one year of the date of acquisition), or

                                       54

<PAGE>

          (4) make any Investment (other than a Permitted Investment) in any
     Person;

(any such dividend, distribution, payment, purchase, redemption, repurchase,
defeasance, retirement, or other acquisition or Investment described in clauses
(1) through (4) above being herein referred to as a "Restricted Payment") if at
the time the Company or such Restricted Subsidiary makes such Restricted
Payment:

               (A) a Default shall have occurred and be continuing (or would
          result therefrom);

               (B) after giving effect, on a pro forma basis, to such Restricted
          Payment, the Company could not Incur at least $1.00 of additional
          Indebtedness under Section 4.03(a); or

               (C) the aggregate amount of such Restricted Payment and all other
          Restricted Payments (the amount so expended, if other than in cash,
          shall be the Fair Market Value of the property or other non-cash
          assets that constitute such Restricted Payment) declared or made
          subsequent to the Closing Date would exceed the sum, without
          duplication, of:

                    (i) 50% of the Consolidated Net Income accrued during the
               period (treated as one accounting period) from the beginning of
               the fiscal quarter immediately following the fiscal quarter
               during which the Closing Date occurs to the end of the most
               recent fiscal quarter ending at least 45 days prior to the date
               of such Restricted Payment (or, in case such Consolidated Net
               Income shall be a deficit, minus 100% of such deficit);

                    (ii) the aggregate Net Cash Proceeds received by the Company
               from the issuance or sale of its Capital Stock (other than
               Disqualified Stock) subsequent to the Closing Date (other than an
               issuance or sale to (x) a Subsidiary of the Company or (y) an
               employee stock ownership plan or other trust established by the
               Company or any of its Subsidiaries);

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<PAGE>

                    (iii) the amount by which Indebtedness of the Company or its
               Restricted Subsidiaries is reduced on the Company's balance sheet
               upon the conversion or exchange (other than by a Subsidiary of
               the Company) subsequent to the Closing Date of any Indebtedness
               of the Company or its Restricted Subsidiaries issued after the
               Closing Date which is convertible or exchangeable for Capital
               Stock (other than Disqualified Stock) of the Company (less the
               amount of any cash or the Fair Market Value of other property
               distributed by the Company or any Restricted Subsidiary upon such
               conversion or exchange); and

                    (iv) an amount equal to the sum of (x) the net reduction in
               any Investments (excluding Permitted Investments) made by the
               Company or any Restricted Subsidiary in any Person resulting from
               repurchases, repayments or redemptions of such Investments by
               such Person, net cash proceeds realized on the sale of such
               Investment and net cash proceeds representing the return of
               capital (excluding dividends and distributions), in each case
               received by the Company or any Restricted Subsidiary, and (y) to
               the extent such Person is an Unrestricted Subsidiary, the portion
               (proportionate to the Company's equity interest in such
               Subsidiary) of the Fair Market Value of the net assets of such
               Unrestricted Subsidiary if such Unrestricted Subsidiary is
               designated a Restricted Subsidiary, with such Fair Market Value
               measured at the time of any such designation; provided, however,
               that the foregoing sum shall not exceed, in the case of any such
               Person or Unrestricted Subsidiary, the amount of Investments
               (excluding Permitted Investments) previously made by the Company
               or any Restricted Subsidiary in such Person or Unrestricted
               Subsidiary and included in the calculation of the amount of
               Restricted Payments.

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<PAGE>

          (b) The provisions of the foregoing paragraph (a) shall not prohibit:

          (1) any purchase, repurchase, redemption, retirement or other
     acquisition for value of Capital Stock of the Company made by exchange for,
     or out of the proceeds of the substantially concurrent sale of, Capital
     Stock of the Company (other than Disqualified Stock and other than Capital
     Stock issued or sold to a Subsidiary of the Company or an employee stock
     ownership plan or other trust established by the Company or any of its
     Subsidiaries); provided, however, that:

               (A) such purchase, repurchase, redemption, retirement or other
          acquisition for value will be excluded in the calculation of the
          amount of Restricted Payments, and

               (B) the Net Cash Proceeds from such sale applied in the manner
          set forth in this clause (1) will be excluded from the calculation of
          amounts under clause (4)(C)(ii) of paragraph (a) above;

          (2) any prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value of Subordinated
     Obligations of the Company made by exchange for, or out of the proceeds of
     the substantially concurrent sale of, Indebtedness of the Company that is
     permitted to be Incurred pursuant to Section 4.03(b); provided, however,
     that such prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value will be excluded in
     the calculation of the amount of Restricted Payments;

          (3) any prepayment, repayment, purchase, repurchase, redemption,
     retirement, defeasance or other acquisition for value of Subordinated
     Obligations from Net Available Cash to the extent permitted by Section
     4.06; provided, however, that such prepayment, repayment, purchase,
     repurchase, redemption, retirement, defeasance or other acquisition for
     value will be excluded in the calculation of the amount of Restricted
     Payments;

                                      57

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          (4) dividends paid within 60 days after the date of declaration
     thereof if at such date of declaration such dividends would have complied
     with this Section 4.04; provided, however, that such dividends will be
     included in the calculation of the amount of Restricted Payments;

          (5) any purchase, repurchase, redemption, retirement or other
     acquisition for value of shares of, or options to purchase shares of,
     Capital Stock of the Company or any of its Subsidiaries from employees,
     former employees, directors or former directors of the Company or any of
     its Subsidiaries (or permitted transferees of such employees, former
     employees, directors or former directors), pursuant to the terms of
     agreements (including employment agreements) or plans (or amendments
     thereto) approved by the Board of Directors under which such individuals
     purchase or sell or are granted the option to purchase or sell, shares of
     such Capital Stock; provided, however, that the aggregate amount of such
     purchases, repurchases, redemptions, retirements and other acquisitions for
     value will not exceed $2.0 million in any calendar year; provided further,
     however, that such purchases, repurchases, redemptions, retirements and
     other acquisitions for value shall be excluded in the calculation of the
     amount of Restricted Payments;

          (6) repurchases of Capital Stock deemed to occur upon exercise of
     stock options if such Capital Stock represents a portion of the exercise
     price of such options, and repurchases of Capital Stock of Subsidiaries
     consisting of directors' qualifying shares or shares issued to third
     parties in the ordinary course to the extent necessary to satisfy any
     licensing requirements under applicable law with respect to the Company's
     or any of its Subsidiary's business; provided, however, that such
     Restricted Payments shall be excluded in the calculation of the amount of
     Restricted Payments;

          (7) cash payments in lieu of the issuance of fractional shares in
     connection with the exercise of warrants, options or other securities
     convertible into or exchangeable for Capital Stock of the Company;
     provided, however, that any such cash payment shall not be for the purpose
     of evading the limitation of this Section 4.04 (as determined in good faith
     by the

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<PAGE>

     Board of Directors); provided further, however, that such payments shall be
     included in the calculation of the amount of Restricted Payments;

          (8) payments of intercompany subordinated Indebtedness, the Incurrence
     of which was permitted under Section 4.03(b)(2); provided, however, that no
     Default has occurred and is continuing or would otherwise result therefrom;
     provided further, however, that such payments shall be excluded in the
     calculation of the amount of Restricted Payment;

          (9) the payment of cash dividends on the Capital Stock of the Company
     in an amount not to exceed (x) $0.48 per share per fiscal year and (y) $7.0
     million in the aggregate for such dividends in any fiscal year; provided,
     however, that such dividends shall be included in the amount of Restricted
     Payments;

          (10) the payment of scheduled, quarterly cash dividends on the Chemed
     Preferred Securities declared on or prior to December 31, 2004 in an amount
     not to exceed $2.00 per share per year, and the redemption of the Chemed
     Preferred Securities and the Subordinated Chemed Debentures at the
     applicable scheduled redemption prices on or prior to December 31, 2004;
     provided that such dividends and redemption amounts shall not be included
     in the amount of Restricted Payments;

          (11) dividends or distributions of Capital Stock subject to the
     Closing Date Stock Award Plan so long as the aggregate amount of such
     dividends or distributions made pursuant to this clause (11) does not
     exceed $2.8 million; provided, that such dividends or distributions shall
     be excluded in the amount of Restricted Payments; and

          (12) other Restricted Payments in an aggregate amount not to exceed
     $5.0 million; provided, however, that such Restricted Payments shall be
     included in the calculation of the amount of Restricted Payments.

          SECTION 4.05. Limitation on Restrictions on Distributions from
Restricted Subsidiaries. The Company shall not, and shall not permit any
Restricted Subsidiary to, create or otherwise cause or permit to exist or become

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effective any consensual encumbrance or restriction on the ability of any
Restricted Subsidiary to:

          (1) pay dividends or make any other distributions on its Capital Stock
     or pay any Indebtedness or other obligations owed to the Company;

          (2) make any loans or advances to the Company; or

          (3) transfer any of its property or assets to the Company, except:

               (A) with respect to clauses (1), (2) or (3):

                    (i) any encumbrance or restriction pursuant to applicable
               law or an agreement in effect at or entered into on the Closing
               Date;

                    (ii) any encumbrance or restriction with respect to a
               Restricted Subsidiary pursuant to an agreement relating to any
               Indebtedness Incurred by such Restricted Subsidiary prior to the
               date on which such Restricted Subsidiary was acquired by the
               Company (other than Indebtedness Incurred as consideration in, in
               contemplation of, or to provide all or any portion of the funds
               or credit support utilized to consummate the transaction or
               series of related transactions pursuant to which such Restricted
               Subsidiary became a Restricted Subsidiary or was otherwise
               acquired by the Company) and outstanding on such date;

                    (iii) any encumbrance or restriction pursuant to an
               agreement effecting a Refinancing of Indebtedness Incurred
               pursuant to an agreement referred to in clause (i) or (ii) of
               this Section 4.05(3)(A) or this clause (iii) or contained in any
               amendment to an agreement referred to in clause (i) or (ii) of
               this Section 4.05(3)(A) or this

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<PAGE>

               clause (iii); provided, however, that the encumbrances and
               restrictions contained in any such Refinancing agreement or
               amendment, taken as a whole, are not materially more
               disadvantageous to the Holders than the encumbrances and
               restrictions contained in such predecessor agreements (as
               determined by the Company in good faith);

                    (iv) any encumbrance or restriction contained in the terms
               of any Indebtedness Incurred pursuant to Section 4.03(b)(9) or
               any agreement pursuant to which such Indebtedness was Incurred;
               provided, however that the encumbrances and restrictions
               contained in such Indebtedness, taken as a whole, are not
               materially more disadvantageous to the holders of the Securities
               than the encumbrances and restrictions contained in the
               agreements for the Indebtedness being repaid (as determined by
               the Company in good faith);

                    (v) with respect to a Restricted Subsidiary, any encumbrance
               or restriction imposed pursuant to an agreement entered into in
               connection with the sale or disposition of all or substantially
               all the Capital Stock or assets of such Restricted Subsidiary;
               provided that in any such case such encumbrance or restriction is
               in effect only for the period pending the closing of such sale,
               disposition or distribution; and

               (B) in the case of clause (3), any encumbrance or restriction

                    (i) that restricts in a customary manner the subletting,
               assignment or transfer of any property or asset that is subject
               to a lease, license or similar contract, or

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                    (ii) contained in security agreements securing Indebtedness
               of a Restricted Subsidiary to the extent such encumbrance or
               restriction restricts the transfer of the property subject to
               such security agreements.

          SECTION 4.06. Limitation on Sales of Assets and Subsidiary Stock. (a)
The Company will not, and will not permit any Restricted Subsidiary to, make any
Asset Disposition unless:

               (1) the Company or such Restricted Subsidiary receives
          consideration (including by way of relief from, or by any other
          Person assuming sole responsibility for, any liabilities, contingent
          or otherwise) at the time of such Asset Disposition at least equal
          to the Fair Market Value of the shares and assets subject to such
          Asset Disposition,

               (2) at least 75% of the consideration thereof received by the
          Company or such Restricted Subsidiary is in the form of cash or cash
          equivalents and

               (3) an amount equal to 100% of the Net Available Cash from such
          Asset Disposition is applied by the Company (or such Restricted
          Subsidiary, as the case may be)

                    (A) first, to the extent the Company elects (or is required
               by the terms of any Indebtedness), to prepay, repay, purchase,
               repurchase, redeem, retire, defease or otherwise acquire for
               value Senior Indebtedness of the Company or Senior Indebtedness
               (other than obligations in respect of Preferred Stock) of a
               Restricted Subsidiary (in each case other than Indebtedness owed
               to the Company or an Affiliate of the Company and other than
               obligations in respect of Disqualified Stock) (collectively
               "Eligible Indebtedness") within one year from the later of the
               date of such Asset Disposition or the receipt of such Net
               Available Cash;

                    (B) second, to the extent of the balance of Net Available
               Cash after application in accordance with clause (A), to the
               extent the Company or such Restricted Subsidiary elects, to

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<PAGE>

               reinvest in Additional Assets (including by means of an
               Investment in Additional Assets by a Restricted Subsidiary with
               Net Available Cash received by the Company or another Restricted
               Subsidiary) within one year from the later of such Asset
               Disposition or the receipt of such Net Available Cash;

                    (C) third, to the extent of the balance of such Net
               Available Cash after application in accordance with clauses (A)
               and (B), to make an Offer (as defined in Section 4.06(b)) to
               purchase Securities pursuant to and subject to the conditions set
               forth in Section 4.06(b); provided, however, that if the Company
               so elects (or is required by the terms of any other Senior
               Indebtedness), such Offer may be made ratably to purchase the
               Securities and other Senior Indebtedness of the Company; and

                    (D) fourth, to the extent of the balance of such Net
               Available Cash after application in accordance with clauses (A),
               (B) and (C) or the proviso to this Section 4.06(a)(3), for any
               general corporate purpose permitted by the terms of this
               Indenture;

     provided, however, that for purposes of (x) the proviso to Section 11.03(a)
     or (y) Section 11.03(b) with respect to the release of Collateral, an Asset
     Disposition shall constitute a "Ratable Paydown Disposition" if the Company
     shall apply all Net Available Cash, to the extent not applied at the option
     of the Company to reinvest in Additional Assets as provided in clause (B)
     above, to make an Offer in accordance with Section 4.06(b) and to repay
     Indebtedness under the Credit Agreement (or, at the election of the
     Company, to pay or offer to purchase any other Eligible Indebtedness in
     lieu of Indebtedness under the Credit Agreement), in such respective
     amounts as are in proportion to the respective aggregate outstanding amount
     of Securities and outstanding Indebtedness under the Credit Agreement; and
     provided, further, that in connection with any prepayment, repayment,
     purchase, repurchase, redemption, retirement, defeasance or other
     acquisition for value of Indebtedness pursuant to clause (A) or (C) above,
     the Company or such

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<PAGE>

     Restricted Subsidiary will retire such Indebtedness and will cause the
     related loan commitment (if any) to be permanently reduced in an amount
     equal to the principal amount so prepaid, repaid, purchased, repurchased,
     redeemed, retired, defeased or otherwise acquired for value.

          Notwithstanding the foregoing provisions of this Section 4.06, the
Company and the Restricted Subsidiaries will not be required to apply any Net
Available Cash in accordance with this Section 4.06(a) except to the extent that
the aggregate Net Available Cash from all Asset Dispositions that is not
otherwise applied in accordance with this Section 4.06(a) exceeds $5.0 million.

          For the purposes of this Section 4.06, the following are deemed to be
cash or cash equivalents:

               (x) the assumption of Indebtedness of the Company (other than
          obligations in respect of Disqualified Stock of the Company) or any
          Restricted Subsidiary and the release of the Company or such
          Restricted Subsidiary from all liability on such Indebtedness in
          connection with such Asset Disposition and

               (y) securities received by the Company or any Restricted
          Subsidiary from the transferee that within 90 days are converted by
          the Company or such Restricted Subsidiary into cash.

          (b) In the event of an Asset Disposition that requires the purchase of
Securities pursuant to Section 4.06(a)(3)(C) or in respect of which the Company
elects to make an offer pursuant to the proviso to Section 4.06(a)(3), the
Company shall be required (i) to purchase Securities tendered pursuant to an
offer by the Company for the Securities (the "Offer") at a purchase price of
100% of their principal amount plus accrued and unpaid interest to the date of
purchase (subject to the right of Holders of record on the relevant date to
receive interest due on the relevant Interest Payment Date) in accordance with
the procedures (including prorating in the event of oversubscription), set forth
in Section 4.06(c) and (ii) to purchase other Senior Indebtedness of the Company
on the terms and to the extent contemplated thereby (provided that in no event
shall the Company offer to purchase such other Senior Indebtedness of the
Company at a purchase price in

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<PAGE>

excess of 100% of its principal amount (without premium), plus accrued and
unpaid interest thereon). If the aggregate purchase price of Securities (and
other Senior Indebtedness) tendered pursuant to the Offer is less than the Net
Available Cash allotted to the purchase of the Securities (and other Senior
Indebtedness), the Company will apply the remaining Net Available Cash in
accordance with Section 4.06(a)(3)(D). The Company will not be required to make
an Offer for Securities (and other Senior Indebtedness) pursuant to this Section
4.06 if the Net Available Cash available therefor (after application of the
proceeds as provided in clauses (A) and (B) of Section 4.06(a)(3)) is less than
$5.0 million for any particular Asset Disposition or related series of Asset
Dispositions (which lesser amount will be carried forward for purposes of
determining whether an Offer is required with respect to the Net Available Cash
from any subsequent Asset Disposition). Upon completion of such an offer to
purchase, Net Available Cash will be deemed to be reduced by the aggregate
amount of such offer.

          (c) (1) Promptly, and in any event within 10 days after the Company
becomes obligated to make an Offer, the Company shall deliver to the Trustee and
send, by first-class mail to each Holder, a written notice stating that the
Holder may elect to have his Securities purchased by the Company either in whole
or in part (subject to prorating as described in Section 4.06(b) in the event
the Offer is oversubscribed) in integral multiples of $1,000 of principal
amount, at the applicable purchase price. The notice shall specify a purchase
date not less than 30 days nor more than 60 days after the date of such notice
(the "Purchase Date") and shall contain such information concerning the business
of the Company which the Company in good faith believes will enable such Holders
to make an informed decision (which at a minimum will include (A) the most
recently filed Annual Report on Form 10-K (including audited consolidated
financial statements) of the Company, the most recent subsequently filed
Quarterly Report on Form 10-Q and any Current Report on Form 8-K of the Company
filed subsequent to such Quarterly Report, other than Current Reports describing
Asset Dispositions otherwise described in the offering materials (or
corresponding successor reports), (B) a description of material developments in
the Company's business subsequent to the date of the latest of such Reports, and
(C) if material, appropriate pro forma financial information) and

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<PAGE>

all instructions and materials necessary to tender Securities pursuant to the
Offer, together with the information contained in clause (3) of this Section
4.06(c).

          (2) Not later than the date upon which written notice of an Offer is
     delivered to the Trustee as provided below, the Company shall deliver to
     the Trustee an Officers' Certificate as to (A) the amount of the Offer (the
     "Offer Amount"), including information as to any other Senior Indebtedness
     included in the Offer, (B) the allocation of the Net Available Cash from
     the Asset Dispositions pursuant to which such Offer is being made and (C)
     the compliance of such allocation with the provisions of Section 4.06(a)
     and (b). On such date, the Company shall also irrevocably deposit with the
     Trustee or with a Paying Agent (or, if the Company is acting as its own
     Paying Agent, segregate and hold in trust) in Temporary Cash Investments,
     maturing on the last day prior to the Purchase Date or on the Purchase Date
     if funds are immediately available by open of business, an amount equal to
     the Offer Amount to be held for payment in accordance with the provisions
     of this Section. If the Offer includes other Senior Indebtedness, the
     deposit described in the preceding sentence may be made with any other
     paying agent pursuant to arrangements satisfactory to the Trustee. Upon the
     expiration of the period for which the Offer remains open (the "Offer
     Period"), the Company shall deliver to the Trustee for cancellation the
     Securities or portions thereof which have been properly tendered to and are
     to be accepted by the Company. The Trustee shall, on the Purchase Date,
     mail or deliver payment (or cause the delivery of payment) to each
     tendering Holder in the amount of the purchase price. In the event that the
     aggregate purchase price of the Securities delivered by the Company to the
     Trustee is less than the Offer Amount applicable to the Securities, the
     Trustee shall deliver the excess to the Company immediately after the
     expiration of the Offer Period for application in accordance with this
     Section 4.06.

          (3) Holders electing to have a Security purchased shall be required to
     surrender the Security, with an appropriate form duly completed, to the

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<PAGE>

     Company at the address specified in the notice at least three Business Days
     prior to the Purchase Date. Holders shall be entitled to withdraw their
     election if the Trustee or the Company receives not later than one Business
     Day prior to the Purchase Date, a telex, facsimile transmission or letter
     setting forth the name of the Holder, the principal amount of the Security
     which was delivered for purchase by the Holder and a statement that such
     Holder is withdrawing his election to have such Security purchased. Holders
     whose Securities are purchased only in part shall be issued new Securities
     equal in principal amount to the unpurchased portion of the Securities
     surrendered.

          (4) At the time the Company delivers Securities to the Trustee which
     are to be accepted for purchase, the Company shall also deliver an
     Officers' Certificate stating that such Securities are to be accepted by
     the Company pursuant to and in accordance with the terms of this Section. A
     Security shall be deemed to have been accepted for purchase at the time the
     Trustee, directly or through an agent, mails or delivers payment therefor
     to the surrendering Holder.

          (d) The Company shall comply, to the extent applicable, with the
requirements of Section 14(e) of the Exchange Act and any other securities laws
or regulations in connection with the repurchase of Securities pursuant to this
Section. To the extent that the provisions of any securities laws or regulations
conflict with provisions of this Section, the Company shall comply with the
applicable securities laws and regulations and shall not be deemed to have
breached its obligations under this Section by virtue of its compliance with
such securities laws or regulations.

          SECTION 4.07. Limitation on Affiliate Transactions. (a) The Company
shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, enter into or conduct any transaction or series of related
transactions (including the purchase, sale, lease or exchange of any property or
the rendering of any service) with any Affiliate of the Company (an "Affiliate
Transaction") unless such transaction is on terms that:

               (1) are no less favorable to the Company or such Restricted
          Subsidiary, as the case may be, than those that could be obtained at
          the time of such transaction

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<PAGE>

          in arm's-length dealings with a Person who is not such an Affiliate;

               (2) in the event such Affiliate Transaction involves an
          aggregate amount in excess of $5.0 million,

                    (A) are set forth in writing, and

                    (B) have been approved by a majority of the members of the
               Board of Directors and by a majority of the members of such
               Board of Directors having no personal stake in such
               transaction, if any (and such majority or majorities, as the
               case may be, determines that such Affiliate Transaction
               satisfies the criteria in clause (1) above); and

               (3) in the event such Affiliate Transaction involves an amount in
          excess of $20.0 million, have been determined by a nationally
          recognized appraisal or investment banking firm to be fair, from a
          financial standpoint, to the Company and its Restricted Subsidiaries
          or is not less favorable to the Company and its Restricted
          Subsidiaries than could reasonably be expected to be obtained at the
          time in an arms length transaction with a Person who is not an
          Affiliate.

          (b) The provisions of the foregoing paragraph (a) will not prohibit:

          (1) any Investment or other Restricted Payment permitted to be made
     pursuant to Section 4.04,

          (2) any issuance of securities, or other payments, awards or grants
     in cash, securities or otherwise pursuant to, or the funding of,
     employment arrangements, stock options and stock ownership plans approved
     by the Board of Directors,

          (3) the grant of stock options or similar rights to employees and
     directors of the Company pursuant to plans approved by the Board of
     Directors,

          (4) loans or advances to employees in the ordinary course of
     business of the Company or its Restricted Subsidiaries and consistent
     with prudent

                                       68
<PAGE>

     practices and applicable law, not to exceed $2.0 million outstanding at any
     one time,

          (5) the payment of reasonable and customary fees, compensation or
     employee benefit arrangements to and any indemnity provided for the benefit
     of directors, officers or employees of the Company and its Subsidiaries in
     the ordinary course of business,

          (6) any transaction with a Restricted Subsidiary which would
     constitute an Affiliate Transaction solely because the Company or a
     Restricted Subsidiary owns an equity interest in, or otherwise controls,
     such Restricted Subsidiary,

          (7) the Transactions, or

          (8) the making of severance payments to directors, officers or
     employees of Vitas that are required pursuant to arrangements in effect
     prior to the date that the Company acquired Vitas, in an aggregate amount
     not to exceed $14.5 million (which arrangements may be modified so long as
     such aggregate amount is not exceeded).

          SECTION 4.08. Limitation on Lines of Business. The Company shall
not, and shall not permit any Restricted Subsidiary to, engage in any business
other than a Permitted Business.

          SECTION 4.09. Limitation on the Sale or Issuance of Capital Stock of
Restricted Subsidiaries. The Company will not sell or otherwise dispose of any
shares of Capital Stock of a Restricted Subsidiary to any Person (other than
the Company or a Wholly Owned Subsidiary), and will not permit any Restricted
Subsidiary, directly or indirectly, to issue or sell or otherwise dispose of
any shares of its Capital Stock (other than directors' qualifying shares or
shares issued to third parties in the ordinary course to the extent necessary
to satisfy any licensing requirements under applicable law with respect to the
Company's or any of its Subsidiary's business) to any Person (other than the
Company or a Wholly Owned Subsidiary), unless:

          (1) immediately after giving effect to such issuance, sale or other
     disposition, neither the Company nor any of its Restricted Subsidiaries
     owns any Capital Stock of such Restricted Subsidiary; or

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<PAGE>

          (2) immediately after giving effect to such issuance or sale, such
     Restricted Subsidiary would no longer constitute a Restricted Subsidiary
     and any Investment in such Person remaining after giving effect thereto
     would have been permitted to be made under Section 4.04 if made on the
     date of such issuance, sale or other disposition (and such Investment
     shall be deemed to be an Investment for the purposes of Section 4.04 as
     of the effective date of the applicable transaction).

          The proceeds of any sale of such Capital Stock permitted under
clause (1) or (2) above will be treated as Net Available Cash from an Asset
Disposition and must be applied in accordance with the terms of Section 4.06.

          For avoidance of doubt, the Company will not be permitted to issue,
directly or indirectly, any of its Capital Stock that is exchangeable or
convertible, with or without conditions, into any Capital Stock of any
Restricted Subsidiary without complying with this Section 4.09.

          SECTION 4.10. Change of Control. (a) Upon the occurrence of a Change
of Control, each Holder shall have the right to require that the Company
purchase all or any part of such Holder's Securities at a purchase price in
cash equal to 101% of the principal amount thereof plus accrued and unpaid
interest, if any, to, but excluding, the date of purchase (subject to the
right of holders of record on the relevant record date to receive interest on
the relevant interest payment date), in accordance with the terms contemplated
in Section 4.10(b); provided, however, that notwithstanding the occurrence of
a Change of Control, the Company shall not be obligated to purchase the
Securities pursuant to this section in the event that it has exercised its
right to redeem all the Securities under the terms of paragraph 5 of the
Securities.

          (b) Within 30 days following any Change of Control, the Company
shall mail a notice to each Holder with a copy to the Trustee (the "Change of
Control Offer") stating:

          (1) that a Change of Control has occurred and that such Holder has
     the right to require the Company to purchase all or any part of such
     Holder's Securities at a purchase price in cash equal to 101%

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<PAGE>

     of the principal amount thereof on the date of purchase, plus accrued and
     unpaid interest, if any, to the date of purchase (subject to the right of
     Holders of record on the relevant record date to receive interest on the
     relevant interest payment date);

          (2) the circumstances and relevant facts and financial information
     regarding such Change of Control;

          (3) the purchase date (which shall be no earlier than 30 days nor
     later than 60 days from the date such notice is mailed); and

          (4) the instructions, as determined by the Company, consistent with
     this Section, that a Holder must follow in order to have its Securities
     purchased.

          (c) Holders electing to have a Security purchased will be required
to surrender the Security, with an appropriate form duly completed, to the
Company at the address specified in the notice at least three Business Days
prior to the purchase date. Holders will be entitled to withdraw their
election if the Trustee or the Company receives not later than one Business
Day prior to the purchase date, a telegram, telex, facsimile transmission or
letter setting forth the name of the Holder, the principal amount of the
Security which was delivered for purchase by the Holder and a statement that
such Holder is withdrawing his election to have such Security purchased.

          (d) On the purchase date, all Securities purchased by the Company
under this Section shall be delivered by the Company to the Trustee for
cancellation, and the Company shall pay the purchase price plus accrued and
unpaid interest, if any, to the Holders entitled thereto.

          (e) Notwithstanding the foregoing provisions of this Section, the
Company shall not be required to make a Change of Control Offer following a
Change of Control if a third party makes the Change of Control Offer in the
manner, at the times and otherwise in compliance with the requirements set
forth in this Section applicable to a Change of Control Offer made by the
Company and purchases all Securities validly tendered and not withdrawn under
such Change of Control Offer.

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<PAGE>

          (f) The Company shall comply, to the extent applicable, with the
requirements of Section 14(e) of the Exchange Act and any other securities
laws or regulations in connection with the repurchase of Securities pursuant
to this Section. To the extent that the provisions of any securities laws or
regulations conflict with provisions of this Section, the Company shall comply
with the applicable securities laws and regulations and shall not be deemed to
have breached its obligations under this Section by virtue of its compliance
with such securities laws or regulations.

          SECTION 4.11. Limitation on Liens. The Company shall not, and shall
not permit any Restricted Subsidiary to, directly or indirectly, Incur or
permit to exist any Lien of any nature whatsoever on any of its property or
assets(including Capital Stock of a Restricted Subsidiary, but excluding
Capital Stock of an Unrestricted Subsidiary), whether owned at the Closing
Date or thereafter acquired, other than Permitted Liens.

          SECTION 4.12. Limitation on Sale/Leaseback Transactions. The Company
shall not, and shall not permit any Restricted Subsidiary to, enter into any
Sale/Leaseback Transaction with respect to any property unless:

               (1) the Company or such Restricted Subsidiary would be entitled
          to:

                    (A) Incur Indebtedness in an amount equal to the
               Attributable Debt with respect to such Sale/Leaseback
               Transaction pursuant to Section 4.03; and

                    (B) create a Lien on such property securing such
               Attributable Debt without equally and ratably securing the
               Securities pursuant to Section 4.11,

               (2) the net proceeds received by the Company or such Restricted
          Subsidiary in connection with such Sale/Leaseback Transaction are at
          least equal to the Fair Market Value of such property and

               (3) the transfer of such property is permitted by, and the
          Company applies the proceeds of such transaction in compliance with
          Section 4.06.

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<PAGE>

          SECTION 4.13. Future Subsidiary Guarantors; Additional Security. (a)
The Company will cause each Subsidiary that enters into a Guarantee of any of
the Credit Agreement Obligations, to become a Subsidiary Guarantor, and if
applicable, execute and deliver to the Trustee a supplemental indenture in the
form set forth in the Indenture pursuant to which such Subsidiary will
Guarantee the payment and performance of all obligations under the Securities
to the same extent as such Subsidiary Guarantees such Credit Agreement
Obligations. Each Subsidiary Guarantee will be limited to an amount not to
exceed the maximum amount that can be Guaranteed by that Subsidiary Guarantor,
without rendering the Subsidiary Guarantee, as it relates to such Subsidiary
Guarantor voidable under applicable law relating to fraudulent conveyance or
fraudulent transfer or similar laws affecting the rights of creditors
generally.

          (b) If the Company or any Subsidiary Guarantor creates any initial
or additional Lien on any property to secure any Credit Agreement Obligations
(other than Liens on cash and cash equivalents to secure obligations in
respect of letters of credit), it shall concurrently grant a Lien that is
equal and ratable with such Lien upon such property as security for the
Securities, in accordance with the Security Documents and the Collateral
Sharing Agreement. In connection therewith, the Company shall execute any and
all further Security Documents, financing statements, agreements and
instruments, upon substantially all the same terms as the Security Documents
and in a form reasonably satisfactory to the Collateral Agent, and take all
such actions (including the filing and recording of financing statements,
fixture filings, mortgages and other documents) that may be required under any
applicable law, or which the Collateral Agent may reasonably request to create
such Lien, all at the expense of the Company, including all reasonable fees
and expenses of counsel incurred by the Collateral Agent or the Trustee in
connection therewith and deliver to the Trustee an Opinion of Counsel,
reasonably satisfactory to the Trustee, that such Security Documents are
valid, binding and enforceable obligations of the Company subject to customary
exceptions for bankruptcy, fraudulent conveyance and equitable principles.

          SECTION 4.14. Ratings. As promptly as reasonably practicable after
the Closing Date, the Company

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will use its reasonable efforts to obtain a rating of the Securities from
either Standard & Poor's Ratings Group, Inc. or Moody's Investors Service,
Inc.

          SECTION 4.15. Impairment of Security Interest. The Company will not,
and will not permit any of its Restricted Subsidiaries to, take or omit to
take, any action which action or omission would have the result of materially
impairing the security interest with respect to the Collateral for the benefit
of the Holders; provided, however, that the taking of any action with respect
to the Collateral that is not prohibited by the terms of the Security
Documents or the Collateral Sharing Agreement, or the failure to take any
action with respect to the Collateral that is not specifically required
pursuant to the terms of the Security Documents or the Collateral Sharing
Agreement, will not be deemed to impair such security interest. The Company
will not, and will not permit any of its Restricted Subsidiaries to, grant to
any Person (other than the Collateral Agent, for the benefit of the Holders
and holders of any pari passu debt), any interest whatsoever in any of the
Collateral other than Permitted Liens and as contemplated by the Security
Documents.

          SECTION 4.16. Compliance Certificate. The Company shall deliver to
the Trustee within 120 days after the end of each fiscal year of the Company
an Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default
that occurred during such period. If they do, the certificate shall describe
the Default, its status and what action the Company is taking or proposes to
take with respect thereto. The Company also shall comply with TIA ss.
314(a)(4).

          SECTION 4.17. Further Instruments and Acts. Upon request of the
Trustee, the Company will execute and deliver such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more
effectively the purpose of this Indenture.

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                                    ARTICLE 5

                                Successor Company

          SECTION 5.01. When Company May Merge or Transfer Assets. (a) The
Company shall not consolidate with or merge with or into, or convey, transfer
or lease, all or substantially all its assets to, any Person, unless:

          (1) the resulting, surviving or transferee Person (the "Successor
     Company") shall be a Person organized and existing under the laws of the
     United States of America, any State thereof or the District of Columbia
     and the Successor Company (if not the Company) shall expressly assume, by
     an indenture supplemental hereto, executed and delivered to the Trustee,
     in form satisfactory to the Trustee, all the obligations of the Company
     under the Securities and this Indenture;

          (2) immediately after giving pro forma effect to such transaction
     (and treating any Indebtedness which becomes an obligation of the
     Successor Company or any Subsidiary as a result of such transaction as
     having been Incurred by the Successor Company or such Subsidiary at the
     time of such transaction), no Default shall have occurred and be
     continuing;

          (3) immediately after giving pro forma effect to such transaction,
     the Successor Company would be able to Incur an additional $1.00 of
     Indebtedness pursuant to Section 4.03(a);

          (4) immediately after giving pro forma effect to such transaction,
     the Successor Company shall have Consolidated Net Worth in an amount that
     is not less than the Consolidated Net Worth of the Company immediately
     prior to such transaction; and

          (5) the Company shall have delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel, each stating that such
     consolidation, merger or transfer and such supplemental indenture (if
     any) comply with this Indenture.

          The Successor Company will succeed to, and be substituted for, and
may exercise every right and power of, the Company under this Indenture, and
the predecessor

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Company, except in the case of a lease, shall be released from the obligation
to pay the principal of and interest on the Securities.

          (b) In addition, the Company will not permit any Subsidiary
Guarantor to, and the Subsidiary Guarantors will not, consolidate with or
merge with or into, or convey, transfer or lease all or substantially all of
its assets to any Person unless:

          (1) the resulting, surviving or transferee Person (the "Successor
     Guarantor") will be a corporation organized and existing under the laws
     of the United States of America, any State thereof or the District of
     Columbia, and such Person (if not such Subsidiary Guarantor) will
     expressly assume, by a supplemental indenture, executed and delivered to
     the Trustee, in form satisfactory to the Trustee, all the obligations of
     such Subsidiary Guarantor under its Subsidiary Guarantee;

          (2) immediately after giving effect to such transaction on a pro
     forma basis (and treating any Indebtedness which becomes an obligation of
     the Successor Guarantor or any Restricted Subsidiary as a result of such
     transaction as having been Incurred by the Successor Guarantor or such
     Restricted Subsidiary at the time of such transaction), no Default shall
     have occurred and be continuing; and

          (3) the Company will have delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel, each stating that such
     consolidation, merger or transfer and such supplemental indenture (if
     any) comply with this Indenture.

          Notwithstanding the foregoing:

               (A) any Restricted Subsidiary may consolidate with, merge into
          or transfer all or part of its properties and assets to the Company
          or to any Subsidiary Guarantor;

               (B) the Company may merge with an Affiliate incorporated solely
          for the purpose of reincorporating the Company in another
          jurisdiction to realize tax or other benefits; and

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               (C) nothing herein shall limit any conveyance, transfer or
          lease of assets between or among any of the Company and the
          Subsidiary Guarantors.

                                    ARTICLE 6

                              Defaults and Remedies

          SECTION 6.01. Events of Default. An "Event of Default" occurs if:

               (1) the Company defaults in any payment of interest on any
          Security when the same becomes due and payable, and such default
          continues for a period of 30 days;

               (2) the Company (A) defaults in the payment of principal of any
          Security when the same becomes due and payable at its Stated
          Maturity, upon optional redemption, upon declaration of acceleration
          or otherwise, or (B) fails to purchase Securities when required
          pursuant to this Indenture or the Securities;

               (3) the Company or any Restricted Subsidiary fails to comply
          with Section 5.01;

               (4) the Company fails to comply with Section 4.02, 4.03, 4.04,
          4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13 or 4.14 (other
          than a failure to purchase Securities when required under Section
          4.06 or 4.10) and such failure continues for 60 days after the
          notice specified below;

               (5) the Company fails to comply with any covenant set forth in
          the Securities or this Indenture (other than those referred to in
          clause (1), (2), (3) or (4) above) and such failure continues for 90
          days after the notice specified below;

               (6) Indebtedness of the Company or any Significant Subsidiary
          is not paid within any applicable grace period after final maturity
          or is accelerated by the holders thereof because of a default and
          the total amount of such Indebtedness unpaid or accelerated exceeds
          $5.0 million or its foreign currency equivalent at the time;

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<PAGE>

               (7) the Company or any Significant Subsidiary pursuant to or
          within the meaning of any Bankruptcy Law:

                    (A) commences a voluntary case;

                    (B) consents to the entry of an order for relief against
               it in an involuntary case;

                    (C) consents to the appointment of a Custodian of it or
               for any substantial part of its property; or

                    (D) makes a general assignment for the benefit of its
               creditors;

          or takes any comparable action under any foreign laws relating to
          insolvency;

               (8) a court of competent jurisdiction enters an order or decree
          under any Bankruptcy Law that:

                    (A) is for relief against the Company or any Significant
               Subsidiary in an involuntary case;

                    (B) appoints a Custodian of the Company or any Significant
               Subsidiary or for any substantial part of its property; or

                    (C) orders the winding up or liquidation of the Company or
               any Significant Subsidiary;

          or any similar relief is granted under any foreign laws and the
          order or decree remains unstayed and in effect for 60 days;

               (9) any judgment or decree for the payment of money in excess
          of $5.0 million or its foreign currency equivalent at the time is
          entered against the Company or any Significant Subsidiary if:

                    (A) an enforcement proceeding thereon is commenced by any
               creditor or

                    (B) such judgment or decree remains outstanding for a
               period of 60 days following such judgment or decree and is not
               discharged,

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          waived or stayed (the "judgment default provision");

          (10) a Subsidiary Guarantee ceases to be in full force and effect
     (other than in accordance with the terms of such Subsidiary Guarantee) or
     a Subsidiary Guarantor denies or disaffirms its obligations under its
     Subsidiary Guarantee and such Default continues for 10 days after receipt
     of the notice specified below; or

          (11) the material impairment of the security interests granted to
     the Collateral Agent for the benefit of the Holders and the Trustee under
     the Security Documents (other than in accordance with the terms of the
     Security Documents, the Collateral Sharing Agreement and this Indenture,
     as each may be amended from time to time) for any reason other than the
     satisfaction in full of all obligations under this Indenture and
     discharge of the Security Documents and the Indenture or any security
     interest granted to the Collateral Agent for the benefit of the Holders
     and the Trustee thereunder shall be declared invalid or unenforceable or
     the Company or any of its Restricted Subsidiaries asserting, in any
     pleading in any court of competent jurisdiction, that any such security
     interest is invalid or unenforceable.

          The foregoing will constitute Events of Default whatever the reason
for any such Event of Default and whether it is voluntary or involuntary or is
effected by operation of law or pursuant to any judgment, decree or order of
any court or any order, rule or regulation of any administrative or
governmental body.

          The term "Bankruptcy Law" means Title 11, United States Code, or any
similar Federal or state law for the relief of debtors. The term "Custodian"
means any receiver, trustee, assignee, liquidator, custodian or similar
official under any Bankruptcy Law.

          A Default under clause (4), (5) or (6) is not an Event of Default
until the Trustee or the holders of at least 25% in principal amount of the
outstanding Securities notify the Company of the Default and the Company does
not cure such Default within the time specified in clause (4), (5) or (6)
after receipt of such notice. Such notice must

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specify the Default, demand that it be remedied and state that such notice is
a "Notice of Default".

          The Company shall deliver to the Trustee, within 30 days after the
occurrence thereof, written notice in the form of an Officers' Certificate of
any Event of Default under clause (9), (10) or (11) and any event which with
the giving of notice or the lapse of time would become an Event of Default
under clause (4), (5) or (6), its status and what action the Company is taking
or proposes to take with respect thereto.

          SECTION 6.02. Acceleration. If an Event of Default (other than an
Event of Default specified in Section 6.01(7) or (8) with respect to the
Company) occurs and is continuing, the Trustee by notice to the Company, or
the Holders of at least 25% in principal amount of the outstanding Securities
by notice to the Company and the Trustee, may declare the principal of and
accrued but unpaid interest on all the Securities to be due and payable. Upon
such a declaration, such principal and interest and any premium on the
Securities shall be due and payable immediately. If an Event of Default
specified in Section 6.01(7) or (8) with respect to the Company occurs, the
principal of and interest on all the Securities shall ipso facto become and be
immediately due and payable without any declaration or other act on the part
of the Trustee or any Securityholders. The Holders of a majority in principal
amount of the outstanding Securities by notice to the Trustee may rescind an
acceleration and its consequences if the rescission would not conflict with
any judgment or decree and if all existing Events of Default have been cured
or waived except nonpayment of principal or interest that has become due
solely because of acceleration. No such rescission shall affect any subsequent
Default or impair any right consequent thereto.

          SECTION 6.03. Other Remedies. If an Event of Default occurs and is
continuing, the Trustee may pursue any available remedy to collect the payment
of principal of or interest on the Securities or to enforce the performance of
any provision of the Securities or this Indenture, subject to the terms of the
Collateral Sharing Agreement.

          The Trustee may maintain a proceeding even if it does not possess
any of the Securities or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Securityholder in exercising any right
or

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remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. No
remedy is exclusive of any other remedy. All available remedies are
cumulative.

          SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in
principal amount of the Securities by notice to the Trustee may waive an
existing Default and its consequences except (a) a Default in the payment of
the principal of or interest on a Security, (b) a Default arising from the
failure to redeem or purchase any Security when required pursuant to this
Indenture or (c) a Default in respect of a provision that under Section 9.02
cannot be amended without the consent of each Securityholder affected. When a
Default is waived, it is deemed cured, but no such waiver shall extend to any
subsequent or other Default or impair any consequent right.

          SECTION 6.05. Control by Majority. The Holders of a majority in
principal amount of the outstanding Securities may direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or
of exercising any trust or power conferred on the Trustee. However, the
Trustee may refuse to follow any direction that conflicts with law, this
Indenture or the Collateral Sharing Agreement or, subject to Section 7.01,
that the Trustee determines is unduly prejudicial to the rights of other
Securityholders or would involve the Trustee in personal liability; provided,
however, that the Trustee may take any other action deemed proper by the
Trustee that is not inconsistent with such direction. Prior to taking any
action hereunder, the Trustee shall be entitled to indemnification
satisfactory to it in its sole discretion against all losses and expenses
caused by taking or not taking such action.

          SECTION 6.06. Limitation on Suits. Except to enforce the right to
receive payment of principal, premium (if any) or interest when due, no
Securityholder may pursue any remedy with respect to this Indenture or the
Securities unless:

          (1) the Holder gives to the Trustee written notice stating that an
     Event of Default is continuing;

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<PAGE>

          (2) the Holders of at least 25% in principal amount of the
     outstanding Securities make a written request to the Trustee to pursue
     the remedy;

          (3) such Holders offer to the Trustee reasonable security or
     indemnity against any loss, liability or expense;

          (4) the Trustee does not comply with the request within 60 days
     after receipt of the request and the offer of security or indemnity; and

          (5) the Holders of a majority in principal amount of the Securities
     do not give the Trustee a direction inconsistent with the request during
     such 60-day period.

          A Securityholder may not use this Indenture to prejudice the rights
of another Securityholder or to obtain a preference or priority over another
Securityholder.

          SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding
any other provision of this Indenture, the right of any Holder to receive
payment of principal of and interest on the Securities held by such Holder, on
or after the respective due dates expressed in the Securities, or to bring
suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default
specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may
recover judgment in its own name and as trustee of an express trust against
the Company for the whole amount then due and owing (together with interest on
any unpaid interest to the extent lawful) and the amounts provided for in
Section 7.07.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file
such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and the Securityholders
allowed in any judicial proceedings relative to the Company, its creditors or
its property and, unless prohibited by law or applicable regulations, may vote
on behalf of the Holders in any election of a trustee in bankruptcy or other
Person performing similar functions, and any Custodian in any such judicial
proceeding is hereby

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<PAGE>

authorized by each Holder to make payments to the Trustee and, in the event
that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and its counsel, and any other amounts due the Trustee under Section 7.07.

          SECTION 6.10. Priorities. If the Trustee collects any money or
property pursuant to this Article 6, it shall pay out the money or property in
the following order:

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to Securityholders for amounts due and unpaid on the
     Securities for principal and interest, ratably, without preference or
     priority of any kind, according to the amounts due and payable on the
     Securities for principal and interest, respectively; and

          THIRD: to the Company.

          The Trustee may fix a record date and payment date for any payment
to Securityholders pursuant to this Section. At least 15 days before such
record date, the Company shall mail to each Securityholder and the Trustee a
notice that states the record date, the payment date and amount to be paid.

          SECTION 6.11. Undertaking for Costs. In any suit for the enforcement
of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as Trustee, a court in its discretion
may require the filing by any party litigant in the suit of an undertaking to
pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys' fees, against any party
litigant in the suit, having due regard to the merits and good faith of the
claims or defenses made by the party litigant. This Section does not apply to
a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit
by Holders of more than 10% in principal amount of the Securities.

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<PAGE>

          SECTION 6.12. Waiver of Stay or Extension Laws. The Company (to the
extent it may lawfully do so) shall not at any time insist upon, or plead, or
in any manner whatsoever claim or take the benefit or advantage of, any stay
or extension law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of this Indenture; and the
Company (to the extent that it may lawfully do so) hereby expressly waives all
benefit or advantage of any such law, and shall not hinder, delay or impede
the execution of any power herein granted to the Trustee, but shall suffer and
permit the execution of every such power as though no such law had been
enacted.

                                    ARTICLE 7

                                     Trustee

          SECTION 7.01. Duties of Trustee. (a) If an Event of Default has
occurred and is continuing, the Trustee shall exercise the rights and powers
vested in it by this Indenture and use the same degree of care and skill in
their exercise as a prudent Person would exercise or use under the
circumstances in the conduct of such Person's own affairs.

          (b) Except during the continuance of an Event of Default:

          (1) the Trustee undertakes to perform such duties and only such
     duties as are specifically set forth in this Indenture and no implied
     covenants or obligations shall be read into this Indenture against the
     Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness
     of the opinions expressed therein, upon certificates or opinions
     furnished to the Trustee and conforming to the requirements of this
     Indenture. However, the Trustee shall examine the certificates and
     opinions to determine whether or not they conform to the requirements of
     this Indenture.

          (c) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own wilful
misconduct, except that:

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<PAGE>

          (1) this paragraph does not limit the effect of paragraph (b) of
     this Section;

          (2) the Trustee shall not be liable for any error of judgment made
     in good faith by a Trust Officer unless it is proved that the Trustee was
     negligent in ascertaining the pertinent facts; and

          (3) the Trustee shall not be liable with respect to any action it
     takes or omits to take in good faith in accordance with a direction
     received by it pursuant to Section 6.05.

          (d) Every provision of this Indenture that in any way relates to the
Trustee is subject to paragraphs (a), (b) and (c) of this Section.

          (e) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Company.

          (f) Money held in trust by the Trustee need not be segregated from
other funds except to the extent required by law.

          (g) No provision of this Indenture shall require the Trustee to
expend or risk its own funds or otherwise incur financial liability in the
performance of any of its duties hereunder or in the exercise of any of its
rights or powers, if it shall have reasonable grounds to believe that
repayment of such funds or adequate indemnity against such risk or liability
is not reasonably assured to it.

          (h) Every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section and to the provisions of the TIA.

          SECTION 7.02. Rights of Trustee. (a) The Trustee may rely on any
document believed by it to be genuine and to have been signed or presented by
the proper person. The Trustee need not investigate any fact or matter stated
in the document.

          (b) Before the Trustee acts or refrains from acting, it may require
an Officers' Certificate or an Opinion of Counsel. The Trustee shall not be
liable for

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<PAGE>

any action it takes or omits to take in good faith in reliance on the
Officers' Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible
for the misconduct or negligence of any agent appointed with due care,
including the Collateral Agent.

          (d) The Trustee shall not be liable for any action it takes or omits
to take in good faith which it believes to be authorized or within its rights
or powers; provided, however, that the Trustee's conduct does not constitute
wilful misconduct or negligence.

          (e) The Trustee may consult with counsel, and the advice or opinion
of counsel with respect to legal matters relating to this Indenture and the
Securities shall be full and complete authorization and protection from
liability in respect to any action taken, omitted or suffered by it hereunder
in good faith and in accordance with the advice or opinion of such counsel.

          (f) Except with respect to Section 4.01, the Trustee shall have no
duty to inquire as to the performance of the Company with respect to the
covenants contained in Article 4. In addition, the Trustee shall not be deemed
to have knowledge of an Event of Default except (i) any Default or Event of
Default occurring pursuant to Section 4.01, 6.01(1) or (2) or (ii) any Default
or Event of Default of which the Trustee shall have received written
notification or otherwise obtained actual knowledge.

          (g) Delivery of reports, information and documents to the Trustee
under Section 4.02 is for informational purposes only and the Trustee's
receipt of the foregoing shall not constitute constructive notice of any
information contained therein or determinable from information contained
therein, including the Company's compliance with any of the covenants
hereunder.

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities
and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not Trustee. Any Paying Agent, Registrar,
co-registrar or co-paying agent may do the same

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<PAGE>

with like rights. However, the Trustee must comply with Sections 7.10 and
7.11.

          SECTION 7.04. Trustee's Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of
this Indenture or the Securities, it shall not be accountable for the
Company's use of the proceeds from the Securities, and it shall not be
responsible for any statement of the Company in the Indenture or in any
document issued in connection with the sale of the Securities or in the
Securities other than the Trustee's certificate of authentication.

          SECTION 7.05. Notice of Defaults. If a Default occurs and is
continuing and if it is known to the Trustee, the Trustee shall mail to each
Securityholder notice of the Default within the earlier of 90 days after it
occurs or 30 days after it is known to a Trust Officer or written notice of it
is received by the Trustee. Except in the case of a Default in payment of
principal of or interest on any Security (including payments pursuant to the
redemption provisions of such Security, if any), the Trustee may withhold the
notice if and so long as a committee of its Trust Officers in good faith
determines that withholding the notice is in the interests of Securityholders.

          SECTION 7.06. Reports by Trustee to Holders. As promptly as
practicable after each February 15 beginning with the February 15 following
the date of this Indenture, and in any event prior to May 15 in each year, the
Trustee shall mail to each Securityholder a brief report dated as of February
15 that complies with TIA ss. 313(a). The Trustee also shall comply with TIA
ss. 313(b).

          A copy of each report at the time of its mailing to Securityholders
shall be filed with the SEC and each stock exchange (if any) on which the
Securities are listed. The Company agrees to notify promptly the Trustee
whenever the Securities become listed on any stock exchange and of any
delisting thereof.

          SECTION 7.07. Compensation and Indemnity. The Company shall pay to
the Trustee from time to time reasonable compensation for its services. The
Trustee's compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred or made by it,
including

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<PAGE>

costs of collection, in addition to the compensation for its services. Such
expenses shall include the reasonable compensation and expenses, disbursements
and advances of the Trustee's agents, counsel, accountants and experts. The
Company shall indemnify the Trustee against any and all loss, liability or
expense (including attorneys' fees) incurred by it in connection with the
administration of this trust and the performance of its duties hereunder. The
Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. Failure by the Trustee to so notify the Company shall not relieve
the Company of its obligations hereunder. The Company shall defend the claim
and the Trustee may have separate counsel and the Company shall pay the fees
and expenses of such counsel. The Company need not reimburse any expense or
indemnify against any loss, liability or expense incurred by the Trustee
through the Trustee's own wilful misconduct, negligence or bad faith.

          To secure the Company's payment obligations in this Section, the
Trustee shall have a lien prior to the Securities on all money or property
held or collected by the Trustee other than money or property held in trust to
pay principal of and interest on particular Securities.

          The Company's payment obligations pursuant to this Section shall
survive the discharge of this Indenture. When the Trustee incurs expenses
after the occurrence of a Default specified in Section 6.01(7) or (8) with
respect to the Company, the expenses are intended to constitute expenses of
administration under the Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee. The Trustee may resign at any
time by so notifying the Company. The Holders of a majority in principal
amount of the Securities may remove the Trustee by so notifying the Trustee
and may appoint a successor Trustee. The Company shall remove the Trustee if:

          (1) the Trustee fails to comply with Section 7.10;

          (2) the Trustee is adjudged bankrupt or insolvent;

          (3) a receiver or other public officer takes charge of the Trustee
     or its property; or

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<PAGE>

          (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Company or by the Holders
of a majority in principal amount of the Securities and such Holders do not
reasonably promptly appoint a successor Trustee, or if a vacancy exists in the
office of Trustee for any reason (the Trustee in such event being referred to
herein as the retiring Trustee), the Company shall promptly appoint a
successor Trustee.

          A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee
under this Indenture. The successor Trustee shall mail a notice of its
succession to Securityholders. The retiring Trustee shall promptly transfer all
property held by it as Trustee to the successor Trustee, subject to the lien
provided for in Section 7.07.

          If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee or the Holders of
10% in principal amount of the Securities may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

          If the Trustee fails to comply with Section 7.10, any Securityholder
may petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this
Section, the Company's obligations under Section 7.07 shall continue for the
benefit of the retiring Trustee.

          SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates
with, merges or converts into, or transfers all or substantially all its
corporate trust business or assets to, another corporation or banking
association, the resulting, surviving or transferee corporation without any
further act shall be the successor Trustee.

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          In case at the time such successor or successors by merger, conversion
or consolidation to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities shall have been authenticated but not delivered,
any such successor to the Trustee may adopt the certificate of authentication of
any predecessor trustee, and deliver such Securities so authenticated; and in
case at that time any of the Securities shall not have been authenticated, any
successor to the Trustee may authenticate such Securities either in the name of
any predecessor hereunder or in the name of the successor to the Trustee; and in
all such cases such certificates shall have the full force which it is anywhere
in the Securities or in this Indenture provided that the certificate of the
Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all
times satisfy the requirements of TIA ss. 310(a). The Trustee shall have a
combined capital and surplus of at least $50,000,000 as set forth in its most
recent published annual report of condition. The Trustee shall comply with TIA
ss. 310(b); provided, however, that there shall be excluded from the operation
of TIA ss. 310(b)(1) any indenture or indentures under which other securities or
certificates of interest or participation in other securities of the Company are
outstanding if the requirements for such exclusion set forth in TIA ss.
310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against Company. The
Trustee shall comply with TIA ss. 311(a), excluding any creditor relationship
listed in TIA ss. 311(b). A Trustee who has resigned or been removed shall be
subject to TIA ss. 311(a) to the extent indicated.

                                    ARTICLE 8

                       Discharge of Indenture; Defeasance

          SECTION 8.01. Discharge of Liability on Securities; Defeasance. (a)
When (1) the Company delivers to the Trustee all outstanding Securities (other
than Securities replaced pursuant to Section 2.07) for cancellation or (2) all
outstanding Securities have become due and payable, whether at maturity or on a
redemption date as a result of the mailing of a notice of redemption pursuant to
Article 3 hereof and the Company irrevocably deposits with the Trustee funds
sufficient to pay at maturity or upon redemption all outstanding Securities,

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including interest thereon to maturity or such redemption date (other than
Securities replaced pursuant to Section 2.07), and if in either case the Company
pays all other sums payable hereunder by the Company, then this Indenture shall,
subject to Section 8.01(c), cease to be of further effect. The Trustee shall
acknowledge satisfaction and discharge of this Indenture on demand of the
Company accompanied by an Officers' Certificate and an Opinion of Counsel and at
the cost and expense of the Company.

          (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may
terminate (1) all its obligations under the Securities and this Indenture
("legal defeasance option") or (2) its obligations under Sections 4.02, 4.03,
4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13 and 4.14 and the
operation of Sections 6.01(3), 6.01(4), 6.01(5), 6.01(6), 6.01(7), 6.01(8),
6.01(9), 6.01(10) and 6.01(11) (but, in the case of Sections 6.01(7) and (8),
with respect only to Significant Subsidiaries) and the limitations contained in
Sections 5.01(a)(3) and (4) ("covenant defeasance option"). The Company may
exercise its legal defeasance option notwithstanding its prior exercise of its
covenant defeasance option.

          If the Company exercises its legal defeasance option, payment of the
Securities may not be accelerated because of an Event of Default with respect
thereto. If the Company exercises its covenant defeasance option, payment of
the Securities may not be accelerated because of an Event of Default specified
in Section 6.01(3), 6.01(4), 6.01(5), 6.01(6), 6.01(7), 6.01(8), 6.01(9),
6.01(10) or 6.01(11) (but, in the case of Sections 6.01(7) and (8), with
respect only to Significant Subsidiaries) or because of the failure of the
Company to comply with Section 5.01(a)(3) or (4). If the Company exercises its
legal defeasance option or its covenant defeasance option, each Subsidiary
Guarantor, if any, shall be released from all its obligations with respect to
its Subsidiary Guarantee and the Security Documents.

          Upon satisfaction of the conditions set forth herein and upon request
of the Company, the Trustee shall acknowledge in writing the discharge of those
obligations that the Company terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company's
obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 7.07 and 7.08 and in
this Article 8 shall

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survive until the Securities have been paid in full. Thereafter, the Company's
obligations in Sections 7.07, 8.04 and 8.05 shall survive.

          SECTION 8.02. Conditions to Defeasance. The Company may exercise its
legal defeasance option or its covenant defeasance option only if:

          (1) the Company irrevocably deposits in trust with the Trustee money
     or U.S. Government Obligations, the principal of and interest on which will
     be sufficient, or a combination thereof sufficient, to pay the principal of
     and premium (if any) and interest on the Securities to maturity or
     redemption, as the case may be;

          (2) the Company delivers to the Trustee a certificate from a
     nationally recognized firm of independent accountants expressing their
     opinion that the payments of principal and interest when due and without
     reinvestment on the deposited U.S. Government Obligations plus any
     deposited money without investment will provide cash at such times and in
     such amounts as will be sufficient to pay principal and interest when due
     on all the Securities to maturity or redemption, as the case may be;

          (3) 123 days pass after the deposit is made and during the 123-day
     period no Default specified in Sections 6.01(7) or (8) with respect to the
     Company occurs which is continuing at the end of the period;

          (4) the deposit does not constitute a default under any other
     agreement binding on the Company;

          (5) the Company delivers to the Trustee an Opinion of Counsel to the
     effect that the trust resulting from the deposit does not constitute, or is
     qualified as, a regulated investment company under the Investment Company
     Act of 1940;

          (6) in the case of the legal defeasance option, the Company shall have
     delivered to the Trustee an Opinion of Counsel stating that (A) the Company
     has received from, or there has been published by, the Internal Revenue
     Service a ruling, or (B) since the date of this Indenture there has been a
     change in the applicable Federal income tax law, in either case to

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     the effect that, and based thereon such Opinion of Counsel shall confirm
     that, the Securityholders will not recognize income, gain or loss for
     Federal income tax purposes as a result of such defeasance and will be
     subject to Federal income tax on the same amounts, in the same manner and
     at the same times as would have been the case if such defeasance had not
     occurred;

          (7) in the case of the covenant defeasance option, the Company shall
     have delivered to the Trustee an Opinion of Counsel to the effect that the
     Securityholders will not recognize income, gain or loss for Federal income
     tax purposes as a result of such covenant defeasance and will be subject to
     Federal income tax on the same amounts, in the same manner and at the same
     times as would have been the case if such covenant defeasance had not
     occurred; and

          (8) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that all conditions precedent to the
     defeasance and discharge of the Securities as contemplated by this Article
     8 have been complied with.

          Before or after a deposit, the Company may make arrangements
satisfactory to the Trustee for the redemption of Securities at a future date in
accordance with Article 3.

          SECTION 8.03. Application of Trust Money. The Trustee shall hold in
trust money or U.S. Government Obligations deposited with it pursuant to this
Article 8. It shall apply the deposited money and the money from U.S. Government
Obligations through the Paying Agent and in accordance with this Indenture to
the payment of principal of and interest on the Securities.

          SECTION 8.04. Repayment to Company. The Trustee and the Paying Agent
shall promptly turn over to the Company upon request any excess money or
securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the
Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal or interest that remains unclaimed for two years,

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and, thereafter, Securityholders entitled to the money must look to the Company
for payment as general creditors.

          SECTION 8.05. Indemnity for Government Obligations. The Company shall
pay and shall indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against deposited U.S. Government Obligations or the principal
and interest received on such U.S. Government Obligations.

          SECTION 8.06. Reinstatement. If the Trustee or Paying Agent is unable
to apply any money or U.S. Government Obligations in accordance with this
Article 8 by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Company's obligations under this
Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to this Article 8 until such time as the Trustee
or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with this Article 8; provided, however, that, if the
Company has made any payment of interest on or principal of any Securities
because of the reinstatement of its obligations, the Company shall be subrogated
to the rights of the Holders of such Securities to receive such payment from the
money or U.S. Government Obligations held by the Trustee or Paying Agent.

                                    ARTICLE 9

                                   Amendments

          SECTION 9.01. Without Consent of Holders. The Company, the Subsidiary
Guarantors and the Trustee may amend this Indenture, the Security Documents, the
Collateral Sharing Agreement or the Securities without notice to or consent of
any Securityholder:

          (1) to cure any ambiguity, omission, defect or inconsistency;

          (2) to comply with Article 5 and to provide for the assumption by a
     successor corporation of the obligations of the Company under this
     Indenture;

          (3) to provide for uncertificated Securities in addition to or in
     place of certificated Securities;

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<PAGE>

     provided, however, that the uncertificated Securities are issued in
     registered form for purposes of Section 163(f) of the Code or in a manner
     such that the uncertificated Securities are described in Section
     163(f)(2)(B) of the Code;

          (4) to add Guarantees with respect to the Securities or to secure the
Securities;

          (5) to add to the covenants of the Company or any Subsidiary
Guarantor for the benefit of the Holders or to surrender any right or power
herein conferred upon the Company or any Subsidiary Guarantor;

          (6) to comply with any requirements of the SEC in connection with
qualifying, or maintaining the qualification of, this Indenture under the TIA;

          (7) to make any change that does not adversely affect the rights of
any Securityholder;

          (8) to provide for the issuance of the Exchange Securities or
Additional Securities;

          (9) if necessary, in connection with any addition or release of
Collateral permitted under the terms of the Indenture, the Security Documents
or the Collateral Sharing Agreement; or

          (10) at any time when the Aggregate Credit Agreement Exposure is
more than $55 million or more than the aggregate principal amount of
outstanding Notes, to make any amendment or modification to any Security
Document or the Collateral Sharing Agreement that applies equally to the
lenders under the Credit Agreement and the Holders or that does not materially
adversely affect the rights of the Holders; provided, however, that no
amendment under this clause (10) shall directly or indirectly effect a release
of collateral that is not permitted under Section 11.03 without the consent of
Holders representing the Designated Percentage of the aggregate principal
amount of Securities outstanding.

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to

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<PAGE>

give such notice to all Securityholders, or any defect therein, shall not
impair or affect the validity of an amendment under this Section.

          SECTION 9.02. With Consent of Holders. The Company, the Subsidiary
Guarantors and the Trustee may amend this Indenture, the Security Documents,
the Collateral Sharing Agreement or the Securities without notice to any
Securityholder but with the written consent of the Holders of at least a
majority in principal amount of the Securities then outstanding (including
consents obtained in connection with a tender offer or exchange for the
Securities). However, without the consent of each Securityholder affected
thereby, an amendment or waiver may not:

          (1) reduce the amount of Securities whose Holders must consent to an
     amendment;

          (2) reduce the rate of or extend the time for payment of interest on
     any Security;

          (3) reduce the principal of or extend the Stated Maturity of any
     Security;

          (4) reduce the premium payable upon the redemption of any Security
     or change the time at which any Security may be redeemed pursuant to
     paragraph 5 of the Securities;

          (5) make any Security payable in money other than that stated in the
     Security;

          (6) impair the right of any Holder to receive payment of principal
     of and interest or any premium on such Holder's Securities on or after
     the due dates therefore or to institute suit for the enforcement of any
     payment on or with respect to such Holder's Securities;

          (7) make any change in Section 6.04 or 6.07 or the second sentence
     of this Section; or

          (8) waive (A) any Default or Event of Default in the payment of the
     principal or interest on a Security or (B) a Default arising from the
     failure to redeem or purchase any Security when required pursuant to this
     Indenture.

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<PAGE>

          It shall not be necessary for the consent of the Holders under this
Section to approve the particular form of any proposed amendment, but it shall
be sufficient if such consent approves the substance thereof.

          After an amendment under this Section becomes effective, the Company
shall mail to Securityholders a notice briefly describing such amendment. The
failure to give such notice to all Securityholders, or any defect therein,
shall not impair or affect the validity of an amendment under this Section.

          SECTION 9.03. Compliance with Trust Indenture Act. Every amendment
to this Indenture or the Securities shall comply with the TIA as then in
effect.

          SECTION 9.04. Revocation and Effect of Consents and Waivers. A
consent to an amendment or a waiver by a Holder of a Security shall bind the
Holder and every subsequent Holder of that Security or portion of the Security
that evidences the same debt as the consenting Holder's Security, even if
notation of the consent or waiver is not made on the Security. However, any
such Holder or subsequent Holder may revoke the consent or waiver as to such
Holder's Security or portion of the Security if the Trustee receives the
notice of revocation before the date the amendment or waiver becomes
effective. After an amendment or waiver becomes effective, it shall bind every
Securityholder. An amendment or waiver becomes effective upon the execution of
such amendment or waiver by the Trustee.

          The Company may, but shall not be obligated to, fix a record date
for the purpose of determining the Securityholders entitled to give their
consent or take any other action described above or required or permitted to
be taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the immediately preceding paragraph, those Persons who were
Securityholders at such record date (or their duly designated proxies), and
only those Persons, shall be entitled to give such consent or to revoke any
consent previously given or to take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent shall
be valid or effective for more than 120 days after such record date.

          SECTION 9.05. Notation on or Exchange of Securities. If an amendment
changes the terms of a

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<PAGE>

Security, the Trustee may require the Holder of the Security to deliver it to
the Trustee. The Trustee may place an appropriate notation on the Security
regarding the changed terms and return it to the Holder. Alternatively, if the
Company or the Trustee so determines, the Company in exchange for the Security
shall issue and the Trustee shall authenticate a new Security that reflects
the changed terms. Failure to make the appropriate notation or to issue a new
Security shall not affect the validity of such amendment.

          SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign any
amendment authorized pursuant to this Article 9 if the amendment does not
adversely affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may but need not sign it. In signing such amendment
the Trustee shall be entitled to receive indemnity reasonably satisfactory to
it and to receive, and (subject to Section 7.01) shall be fully protected in
relying upon, an Officers' Certificate and an Opinion of Counsel stating that
such amendment is authorized or permitted by this Indenture.

                                   ARTICLE 10

                              Subsidiary Guarantees

          SECTION 10.01. Guarantees. Each Subsidiary Guarantor hereby
unconditionally and irrevocably guarantees, jointly and severally, to each
Holder and to the Trustee and its successors and assigns (a) the full and
punctual payment of principal of and interest on the Securities when due,
whether at maturity, by acceleration, by redemption or otherwise, and all
other monetary obligations of the Company under this Indenture, the Security
Documents, the Collateral Sharing Agreement and the Securities and (b) the
full and punctual performance within applicable grace periods of all other
obligations of the Company under this Indenture and the Securities (all the
foregoing being hereinafter collectively called the "Obligations"). Each
Subsidiary Guarantor further agrees that the Obligations may be extended or
renewed, in whole or in part, without notice or further assent from such
Subsidiary Guarantor and that such Subsidiary Guarantor will remain bound
under this Article 10 notwithstanding any extension or renewal of any
Obligation.

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<PAGE>

          Each Subsidiary Guarantor waives presentation to, demand of, payment
from and protest to the Company or any other Subsidiary Guarantor of any of
the Obligations and also waives notice of protest for nonpayment. Each
Subsidiary Guarantor waives notice of any default or Event of Default under
the Securities or the Obligations. The obligations of each Subsidiary
Guarantor hereunder shall be unconditional and absolute and shall not be
affected by (1) the failure of any Holder or the Trustee to assert any claim
or demand or to enforce any right or remedy against the Company or any other
Person (including any Subsidiary Guarantor) under this Indenture, the
Securities or any other agreement or otherwise; (2) any extension or renewal
of any Obligation; (3) any rescission, waiver, amendment, modification or
supplement of any of the terms or provisions of this Indenture, the
Securities, any Security Document or any other agreement; (4) the release of
any security held by any Holder or the Trustee for the Obligations or any of
them; (5) the failure of any Holder or the Trustee to exercise any right or
remedy against any other guarantor of any Obligations or the failure of any
other Subsidiary Guarantor to sign or become party to the Indenture or any
amendment, change, or reaffirmation of this Indenture; (6) the election by, or
on behalf of, any one or more of the Holders, in any proceeding instituted
under Chapter 11 of Title 11 of the United States Code (11 U.S.C. 101 et seq.)
(the "Bankruptcy Code"), of the application of Section 1111(b)(2) of the
Bankruptcy Code; (7) any borrowing or grant of a security interest by the
Company, as debtor-in-possession, under Section 364 of the Bankruptcy Code;
(8) the disallowance, under Section 502 of the Bankruptcy Code, of all or any
portion of the claims of any of the holders of secured Obligations for
repayment of all or any part of the guaranteed Obligations; or (9) except as
set forth in Section 10.06, any change in the organizational structure or
ownership of the Company or any Subsidiary Guarantor.

          Except as expressly set forth in Sections 8.01(b), 10.02 and 10.06,
the obligations of each Subsidiary Guarantor hereunder shall not be subject to
any reduction, limitation, impairment or termination for any reason, including
any claim of waiver, release, surrender, alteration or compromise, and shall
not be subject to any defense of setoff, counterclaim, recoupment or
termination whatsoever or by reason of the invalidity, illegality or
unenforceability of the Obligations or otherwise. Without

                                       99
<PAGE>

limiting the generality of the foregoing, the obligations of each Subsidiary
Guarantor herein shall not be discharged or impaired or otherwise affected by
the failure of any Holder or the Trustee or the Collateral Agent to assert any
claim or demand or to enforce any remedy under this Indenture, the Securities,
the Security Documents or any other agreement, by any waiver or modification
of any thereof, by any default, failure or delay, willful or otherwise, in the
performance of the obligations, or by any other act or thing or omission or
delay to do any other act or thing which may or might in any manner or to any
extent vary the risk of such Subsidiary Guarantor or would otherwise operate
as a discharge of such Subsidiary Guarantor as a matter of law or equity.

          Each Subsidiary Guarantor further agrees that its Guarantee herein
shall continue to be effective or be reinstated, as the case may be, if at any
time payment, or any part thereof, of principal of or interest on any
Obligation is rescinded or must otherwise be restored by any Holder or the
Trustee upon the bankruptcy or reorganization of the Company or otherwise.

          In furtherance of the foregoing and not in limitation of any other
right which any Holder or the Trustee has at law or in equity against any
Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay
the principal of or premium or interest on any Obligation when and as the same
shall become due, whether at maturity, by acceleration, by redemption or
otherwise, or to perform or comply with any other Obligation, each Subsidiary
Guarantor hereby promises to and shall, upon receipt of written demand by the
Trustee, forthwith pay, or cause to be paid, in cash, to the Collateral Agent
for the benefit of the Holders an amount equal to the sum of (A) the unpaid
amount of such Obligations, (B) accrued and unpaid interest on such
Obligations (but only to the extent not prohibited by law) and (C) all other
monetary Obligations of the Company to the Holders and the Trustee.

          Each Subsidiary Guarantor agrees that it shall not be entitled to
exercise any right of subrogation in relation to the Holders in respect of any
Obligations guaranteed hereby until payment in full of all Obligations. Each
Subsidiary Guarantor agrees that any and all claims of such Subsidiary
Guarantor against the Company or any other Subsidiary Guarantor hereunder
(each an "Obligor") with respect to any "Intercompany Indebtedness" (as

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<PAGE>

hereinafter defined), shall be subordinate and subject in right of payment to
the prior payment, in full and in cash, of all Obligations; provided that, and
not in contravention of the foregoing, unless an Event of Default has occurred
and is continuing and such Subsidiary Guarantor receives from the Trustee a
payment blockage notice hereunder that has not been withdrawn such Subsidiary
Guarantor may make loans to and receive payments with respect to such
Intercompany Indebtedness from each such Obligor to the extent not prohibited
by the terms of this Indenture. "Intercompany Indebtedness", for purposes of
this paragraph, means any payment or distribution of any kind or character,
either in cash, securities or other property, which shall be payable or
deliverable upon or with respect to any indebtedness of any Obligor to any
Subsidiary Guarantor. Each Subsidiary Guarantor further agrees that, as
between it, on the one hand, and the Holders and the Trustee, on the other
hand, (i) the maturity of the Obligations Guaranteed hereby may be accelerated
as provided in Article 6 for the purposes of such Subsidiary Guarantor's
Subsidiary Guarantee herein, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the Obligations
guaranteed hereby, and (ii) in the event of any declaration of acceleration of
such Obligations as provided in Article 6, such Obligations (whether or not
due and payable) shall forthwith become due and payable by such Subsidiary
Guarantor for the purposes of this Section.

          Each Subsidiary Guarantor also agrees to pay any and all costs and
expenses (including reasonable attorneys' fees) incurred by the Trustee or any
Holder in enforcing any rights under this Section.

          SECTION 10.02. Limitation on Liability. Any term or provision of
this Indenture to the contrary notwithstanding, the maximum aggregate amount
of the Obligations guaranteed hereunder by any Subsidiary Guarantor shall not
exceed the maximum amount that can be hereby guaranteed without rendering this
Indenture, as it relates to such Subsidiary Guarantor, voidable under
applicable law relating to fraudulent conveyance or fraudulent transfer or
similar laws affecting the rights of creditors generally.

          SECTION 10.03. Successors and Assigns. This Article 10 shall be
binding upon each Subsidiary Guarantor and its successors and assigns and
shall inure to the

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<PAGE>

benefit of the successors and assigns of the Trustee and the Holders and, in
the event of any transfer or assignment of rights by any Holder or the
Trustee, the rights and privileges conferred upon that party in this Indenture
and in the Securities shall automatically extend to and be vested in such
transferee or assignee, all subject to the terms and conditions of this
Indenture.

          SECTION 10.04. No Waiver. Neither a failure nor a delay on the part
of either the Trustee or the Holders in exercising any right, power or
privilege under this Article 10 shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise of
any right, power or privilege. The rights, remedies and benefits of the
Trustee and the Holders expressly specified herein and in the Collateral
Sharing Agreement and the Security Documents are cumulative and not exclusive
of any other rights, remedies or benefits which either may have under this
Article 10 at law, in equity, by statute or otherwise.

          SECTION 10.05. Modification. No modification, amendment or waiver of
any provision of this Article 10, nor the consent to any departure by any
Subsidiary Guarantor therefrom, shall in any event be effective unless the
same shall be in writing and signed by the Trustee, and then such waiver or
consent shall be effective only in the specific instance and for the purpose
for which given. No notice to or demand on any Subsidiary Guarantor in any
case shall entitle such Subsidiary Guarantor to any other or further notice or
demand in the same, similar or other circumstances.

          SECTION 10.06. Release of Subsidiary Guarantor. Upon any release of
a Subsidiary Guarantor by the Collateral Agent that is permitted under the
Indenture and the Collateral Sharing Agreement, such Subsidiary Guarantor
shall be deemed released from all obligations under this Article 10 without
any further action required on the part of the Trustee or any Holder. At the
request of the Company, the Trustee shall execute and deliver an appropriate
instrument evidencing such release.

          In addition, a Subsidiary Guarantee of the Securities provided by a
Subsidiary Guarantor will be released without any actions required on the part
of the Trustee or any Holder:

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<PAGE>

          (1) if (a) all of the Capital Stock of, or other equity interests
     in, or all or substantially all of the assets of such Subsidiary
     Guarantor is sold or otherwise disposed of (including by way of merger or
     consolidation) to a person other than the Company or any of the Company's
     Domestic Subsidiaries or (b) such Subsidiary Guarantor ceases to be a
     Restricted Subsidiary, and in each case the Company otherwise complies,
     to the extent applicable, with Sections 4.06, 4.09 and 11.03;

          (2) if the Company designates such Subsidiary Guarantor as an
     Unrestricted Subsidiary;

          (3) upon the Company's request if the fair market value of the
     assets of the applicable Subsidiary Guarantor (as determined in good
     faith by the Board of Directors), together with the fair market value of
     the assets of other Subsidiary Guarantors whose Subsidiary Guarantee was
     released in the same calendar year, pursuant to this clause and any other
     assets released pursuant to Section 11.03(a)(6) in the same calendar year
     do not exceed $1.0 million (subject to cumulative carryover for amounts
     not used in any prior calendar year); or

          (4) if the guarantee by such Subsidiary Guarantor of the Credit
     Agreement Obligations is released; provided that any release of the liens
     of the Security Documents on the assets or stock of such Subsidiary in
     connection with such release is permitted under Section 11.03 of this
     Indenture.

          SECTION 10.07. Contribution. Each Subsidiary Guarantor that makes a
payment under its Subsidiary Guarantee shall be entitled upon payment in full
of all guarantied obligations under this Indenture to a contribution from each
other Subsidiary Guarantor in an amount equal to such other Subsidiary
Guarantor's pro rata portion of such payment based on the respective net
assets of all the Subsidiary Guarantors at the time of such payment determined
in accordance with GAAP.

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                                   ARTICLE 11

                             Collateral and Security

          SECTION 11.01. Security Documents. The due and punctual payment of
the principal of and accrued and unpaid interest, if any, on the Securities
when and as the same shall be due and payable, whether on an interest payment
date, at maturity, by acceleration, repurchase, redemption or otherwise, and
interest on the overdue principal of and interest and premium, if any, on the
Securities and performance of all other Obligations of the Company and the
Subsidiary Guarantors to the Holders or the Trustee under this Indenture and
the Securities, according to the terms hereunder or thereunder, are secured as
provided in the Security Documents which define the terms of the Liens that
secure the Obligations and provide that the Liens granted thereunder secure
the Obligations on a first-priority basis equally and ratably with all Credit
Agreement Obligations, subject to the terms of the Collateral Sharing
Agreement. Each Holder, by its acceptance of a Security, consents and agrees
to all of the terms of the Security Documents and the Collateral Sharing
Agreement (including the provisions providing for the exercise of remedies and
release of Collateral) as the same may be in effect or may be amended from
time to time in accordance with their terms and the terms of this Indenture,
and authorizes and directs the Trustee to enter into the Security Documents
and the Collateral Sharing Agreement and to perform its obligations and
exercise its rights thereunder in accordance therewith. The Company shall
deliver to the Trustee (if it is not itself then the Collateral Agent) copies
of all documents delivered to the Collateral Agent pursuant to the Security
Documents and the Collateral Sharing Agreement, and will do or cause to be
done all such acts and things as may be required by the next sentence of this
Section 11.01, to assure and confirm to the Trustee the Liens upon the
Collateral contemplated hereby, by the Security Documents or any part thereof,
as from time to time constituted, so as to render the same available for the
security and benefit of this Indenture and of the Obligations secured hereby,
according to the intent and purposes herein expressed. To the extent required
pursuant to the Security Documents, the Company shall take, and shall cause
its Restricted Subsidiaries to take, any and all actions reasonably required
to cause the Security Documents to create and maintain, as security for the
Obligations of the

                                       104
<PAGE>

Company and the Subsidiary Guarantors hereunder, a valid and enforceable
perfected Lien on all the Collateral, in favor of the Collateral Agent for the
ratable benefit of the Secured Parties (as defined in the Collateral Sharing
Agreement), equal in priority (subject to Permitted Liens) to any and all
Liens at any time granted upon the Collateral to secure Credit Agreement
Obligations or any other first-priority Liens. Each of the Trustee and the
Company hereby acknowledge and agree that the Collateral Agent holds the
Collateral for the ratable benefit of the Holders, the Trustee and the other
Secured Parties (as defined in the Collateral Sharing Agreement) pursuant to
the terms of the Security Documents and subject to the terms of the Collateral
Sharing Agreement.

          SECTION 11.02. Recording and Opinions. (a)The Company shall deliver
to the Trustee:

          (1) Promptly after the issuance of the Exchange Securities, an
     Opinion of Counsel either stating that in the opinion of such counsel
     this Indenture and the Security Documents (or including financing
     statements or other instruments, as applicable) have been properly
     recorded and filed so as to make effective the Lien intended to be
     created for the benefit of the Holders, and reciting the details of such
     action, or stating that in the opinion of such counsel no such action is
     necessary to make such Lien effective; and

          (2) On or before February 15 of each year, an Opinion of Counsel
     either stating that in the opinion of such counsel such action has been
     taken with respect to the recording, filing, re-recording and re-filing
     of the Indenture and the Security Documents (or financing statements or
     other instruments, as applicable) as is necessary to maintain the Lien
     intended to be created thereby for the benefit of the Holders, and
     reciting the details of such action, or stating that in the opinion of
     such counsel no such action is necessary to maintain such Lien.

          (b) The Company shall otherwise comply with the provisions of TIA
Section 314(b).

          SECTION 11.03. Release of Collateral. (a) Subject to subsection (b)
and (c) of this Section 11.03, without the consent of the Trustee or any
Holder, the Company and the Subsidiary Guarantors will be entitled

                                       105
<PAGE>

to releases of assets included in the Collateral from the Liens securing the
Securities under any one or more of the following circumstances:

          (1) if all other Liens on that asset securing Credit Agreement
     Obligations (including commitments thereunder) then secured by that asset
     are released;

          (2) if such asset is sold, transferred, leased or otherwise disposed
     of in a transaction that constitutes an Asset Disposition;

          (3) if such asset is sold, transferred, leased or otherwise disposed
     of in a transaction that does not constitute an Asset Disposition as
     provided in clause (1) through (9) of the definition thereof;

          (4) if the Company provides substitute collateral with at least an
     equivalent fair value as determined in good faith by the Board of
     Directors;

          (5) if any Subsidiary Guarantor is released from its Subsidiary
     Guarantee in accordance with the terms of this Indenture, the Security
     Documents and the Collateral Sharing Agreement, then such Subsidiary's
     assets and the stock of such Subsidiary that is pledged to the Collateral
     Agent shall be released;

          (6) in respect of assets included in the Collateral with a fair
     value, as determined in good faith by the Board of Directors, of up to $1
     million in any calendar year, subject to a cumulative carryover for any
     amount not used in any prior calendar year; or

          (7) upon satisfaction by the Company of the conditions set forth in
     Article 8 to its legal defeasance option, its covenant defeasance option
     or the discharge of this Indenture, all Liens on the Collateral of this
     Indenture and the Security Documents shall be released;

          provided, however, that the consent of Holders representing the
     Designated Percentage of the aggregate principal amount of Securities
     outstanding shall be required for any such release pursuant to clause
     (1), (2) or (5) if the sum of the aggregate fair value (as determined in
     good faith by the Board

                                       106
<PAGE>

     of Directors) of Collateral released pursuant to clauses (1), (2) and (5)
     since the Issue Date exceeds $50 million (including for purposes of such
     calculation the instant release, but excluding all releases since the
     Issue Date that are or were in connection with Asset Dispositions and
     that constitute or constituted Ratable Paydown Dispositions under Section
     4.06).

          (b) Except as provided in subsection (c) below, at any time when an
Event of Default has occurred and is continuing, the consent of Holders
representing the Designated Percentage of the aggregate principal amount of
Securities outstanding shall be required for any release of Collateral
pursuant to clauses (1), (2) and (5) of subsection (a) above, unless such
release is in connection with a Ratable Paydown Disposition or unless such
release is in connection with a disposition of Collateral in which the
proceeds thereof are to be held or applied in accordance with Article IV of
the Collateral Sharing Agreement.

          (c) Nothing herein shall be deemed to limit or restrict the release
of Collateral or dispositions of assets in connection with the exercise of
remedies by the Collateral Agent pursuant to and in accordance with the terms
of the Collateral Sharing Agreement and the Security Documents.

          (d) The release of any Collateral from the terms of this Indenture
and the Security Documents shall not be deemed to impair the security under
this Indenture in contravention of the provisions hereof if and to the extent
the Collateral is released pursuant to the terms of the Security Documents,
the Collateral Sharing Agreement and this Indenture. To the extent applicable,
the Company will cause TIA ss. 313(b), relating to reports, and TIA ss.
314(d), relating to the release of property or securities from the Lien and
security interest of the Security Documents and relating to the substitution
therefor of any property or securities to be subjected to the Lien and
security interest of the Security Documents, to be complied with. Any
certificate or opinion required by TIA ss. 314(d) may be made by an Officer of
the Company except in cases where TIA ss. 314(d) requires that such
certificate or opinion be made by an independent Person, which Person will be
an independent engineer, appraiser or other expert selected or

                                       107
<PAGE>

approved by the Trustee and the Collateral Agent in the exercise of reasonable
care.

          (e) Certificates. To the extent applicable, the Company shall
furnish to the Trustee and the Collateral Agent all documents required by TIA
ss. 314(d) (as the same may be modified by any exemptive relief granted to the
Company by the SEC).

          The Trustee may, to the extent permitted by Sections 7.01 and 7.02
hereof, accept as conclusive evidence of compliance with the foregoing
provisions the appropriate statements contained in such documents. The Company
shall furnish to the Trustee photocopies of all certificates of officers of
the Company delivered to the Collateral Agent pursuant to the Security
Documents or the Collateral Sharing Agreement in connection with a release of
property or securities from the Lien and security interest of the Security
Documents.

          SECTION 11.04. [Reserved]

          SECTION 11.05. Authorization of Actions to Be Taken by the Trustee
Under the Security Documents and the Collateral Sharing Agreement. Subject to
the provisions of Section 7.01 and 7.02 hereof and the Collateral Sharing
Agreement, the Trustee may, in its sole discretion and without the consent of
the Holders, take, on behalf of the Holders, or direct, on behalf of the
Holders, the Collateral Agent to take, all actions it deems necessary or
appropriate in order to:

          (a) enforce any of the terms of the Security Documents and the
Collateral Sharing Agreement; and

          (b) collect and receive any and all amounts payable in respect of
the Obligations of the Company and the Subsidiary Guarantors hereunder.

          Subject to the Collateral Sharing Agreement, the Trustee will have
power to institute and maintain such suits and proceedings as it may deem
expedient to prevent any impairment of the Collateral by any acts that may be
unlawful or in violation of the Security Documents or this Indenture, and such
suits and proceedings as the Trustee may deem expedient to preserve or protect
its interests and the interests of the Holders in the Collateral (including
power to institute and maintain suits or proceedings to

                                       108
<PAGE>

restrain the enforcement of or compliance with any legislative or other
governmental enactment, rule or order that may be unconstitutional or
otherwise invalid if the enforcement of, or compliance with, such enactment,
rule or order would impair the security interest hereunder or be prejudicial
to the interests of the Holders or of the Trustee).

          SECTION 11.06. Authorization of Receipt and Distribution of Funds by
the Trustee Under the Security Documents and the Collateral Sharing Agreement.
The Trustee is authorized to receive any funds for the benefit of the Holders
distributed under the Security Documents and the Collateral Sharing Agreement,
and to make further distributions of such funds to the Holders according to
the provisions of this Indenture.

          SECTION 11.07. Termination of Security Interest. The Trustee will,
at the request of the Company, deliver a certificate to the Collateral Agent
stating that the Obligations have been paid in full, and instruct the
Collateral Agent to release the Liens securing the Obligations pursuant to
this Indenture and the Security Documents upon (1) payment in full of the
principal of, and accrued and unpaid interest, if any, on, the Securities and
all other Obligations under this Indenture, the Subsidiary Guarantees and the
Security Documents that are due and payable at or prior to the time such
principal, accrued and unpaid interest, if any, are paid, (2) a satisfaction
and discharge of this Indenture as described in Article 8 or (3) a legal
defeasance or covenant defeasance as described in Article 8. Upon receipt of
such instruction, the Trustee, if it is the Collateral Agent, shall, or, if it
is not the Collateral Agent, shall request the Collateral Agent to, execute,
deliver or acknowledge any necessary or proper instruments of termination,
satisfaction or release to evidence the release of all such Liens.

          SECTION 11.08. Trustee Serving as Collateral Agent; Amendments or
Supplements to, or Replacements of, the Security Documents and the Collateral
Agency Agreement. (a) If the Trustee shall become the Collateral Agent, it
shall be authorized to appoint co-Collateral Agents as necessary in its sole
discretion. Except as otherwise explicitly provided herein or in the Security
Documents or the Collateral Sharing Agreement, neither the Trustee nor any of
its respective officers, directors, employees or agents shall be liable for
failure to demand, collect or

                                       109
<PAGE>

realize upon any of the Collateral or for any delay in doing so or shall be
under any obligation to sell or otherwise dispose of any Collateral upon the
request of any other Person or to take any other action whatsoever with regard
to the Collateral or any part thereof. The Trustee shall be accountable only
for amounts that it actually receives as a result of the exercise of such
powers, and neither the Trustee nor any of its officers, directors, employees
or agents shall be responsible for any act or failure to act hereunder, except
for its own willful misconduct, negligence or bad faith.

          (b) The Trustee is authorized and directed to (i) if the Trustee
shall become the Collateral Agent, enter into the Security Documents, (ii)
enter into the Collateral Sharing Agreement, (iii) bind the Holders on the
terms as set forth in the Security Documents and the Collateral Sharing
Agreement and (iv) perform and observe its obligations under the Security
Documents and the Collateral Sharing Agreement.

          (c) If at any time following the Discharge of Credit Agreement
Obligations the Company or any Subsidiary Guarantor (i) incurs Indebtedness
under any bank credit facility pursuant to Section 4.03, the Company shall
deliver to the Trustee an Officers' Certificate so stating and requesting the
Trustee to enter into one or more amendments or supplements to, or
replacements of, the Security Documents, as applicable, and the Collateral
Sharing Agreement establishing and setting forth the respective rights of the
holders of such bank credit facility Obligations and the Holders in respect of
their shared first priority Lien on the Collateral. Any such amendment,
supplement or replacement of the Collateral Sharing Agreement shall include
substantially the same terms as are set forth in the Collateral Sharing
Agreement. The Trustee shall (and is hereby authorized and directed to) enter
into such amendments or supplements to, or replacements of, the Security
Documents, as applicable, and the Collateral Sharing Agreement, bind the
Holders on the terms set forth therein, and perform and observe its
obligations thereunder.

          SECTION 11.09. Designations. For purposes of the provisions hereof
and the Collateral Sharing Agreement requiring the Company to designate
Indebtedness for the purposes of the term "Credit Agreement Obligations",
"First Lien Credit Facilities" or any other such designations

                                       110
<PAGE>

hereunder or any such similar designations under the Collateral Sharing
Agreement, any such designation shall be sufficient if the relevant
designation is set forth in writing, signed on behalf of the Company by an
Officer and delivered to the Trustee and the Collateral Agent. For all
purposes hereof and the Collateral Sharing Agreement, the Company hereby
designates the Credit Facilities provided pursuant to the Credit Agreement as
a "First Lien Credit Facility" and any obligations in respect of the Credit
Agreement as "Credit Agreement Obligations".

                                   ARTICLE 12

                                  Miscellaneous

          SECTION 12.01. Trust Indenture Act Controls. If any provision of
this Indenture limits, qualifies or conflicts with another provision which is
required to be included in this Indenture by the TIA, the required provision
shall control.

          SECTION 12.02. Notices. Any notice or communication shall be in
writing and delivered in person or mailed by first-class mail addressed as
follows:

         if to the Company or any Subsidiary Guarantor:

                  Roto-Rooter, Inc.
                  255 East Fifth Street
                  Cincinnati, Ohio  45202
                  Facsimile:  (513) 287-6216

                  Attention:  General Counsel

         if to the Trustee:

                  Wells Fargo Bank, N.A.
                  Corporate Trust
                  Sixth Street and Marquette Avenue
                  MAC N303-120
                  Minneapolis, MN  55475
                  Facsimile:  (612) 667-9875

                  Attention:  Jeffrey T. Rose

          The Company, any Subsidiary Guarantor or the Trustee by notice to the
other may designate additional or

                                       111
<PAGE>

different addresses for subsequent notices or communications.

          Any notice or communication mailed to a Securityholder shall be mailed
to the Securityholder at the Securityholder's address as it appears on the
registration books of the Registrar and shall be sufficiently given if so mailed
within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any
defect in it shall not affect its sufficiency with respect to other
Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it.

          SECTION 12.03. Communication by Holders with Other Holders.
Securityholders may communicate pursuant to TIA ss. 312(b) with other
Securityholders with respect to their rights under this Indenture or the
Securities. The Company, any Subsidiary Guarantor, the Trustee, the Registrar
and anyone else shall have the protection of TIA ss. 312(c).

          SECTION 12.04. Certificate and Opinion as to Conditions Precedent.
Upon any request or application by the Company to the Trustee to take or
refrain from taking any action under this Indenture, the Company shall furnish
to the Trustee:

          (1) an Officers' Certificate in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of the signers,
     all conditions precedent, if any, provided for in this Indenture relating
     to the proposed action have been complied with; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of such counsel,
     all such conditions precedent have been complied with.

          SECTION 12.05. Statements Required in Certificate or Opinion. Each
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture shall include:

                                       112
<PAGE>

               (1) a statement that the individual making such certificate or
          opinion has read such covenant or condition;

               (2) a brief statement as to the nature and scope of the
          examination or investigation upon which the statements or opinions
          contained in such certificate or opinion are based;

               (3) a statement that, in the opinion of such individual, he has
          made such examination or investigation as is necessary to enable him
          to express an informed opinion as to whether or not such covenant or
          condition has been complied with; and

               (4) a statement as to whether or not, in the opinion of such
          individual, such covenant or condition has been complied with.

          SECTION 12.06. When Securities Disregarded. In determining whether
the Holders of the required principal amount of Securities have concurred in
any direction, waiver or consent, Securities owned by the Company or by any
Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Company shall be disregarded and deemed not
to be outstanding, except that, for the purpose of determining whether the
Trustee shall be protected in relying on any such direction, waiver or
consent, only Securities which the Trustee knows are so owned shall be so
disregarded. Also, subject to the foregoing, only Securities outstanding at
the time shall be considered in any such determination.

          SECTION 12.07. Rules by Trustee, Paying Agent and Registrar. The
Trustee may make reasonable rules for action by or a meeting of
Securityholders. The Registrar and the Paying Agent may make reasonable rules
for their functions.

          SECTION 12.08. Legal Holidays. If a payment date is a Legal Holiday,
payment shall be made on the next succeeding day that is not a Legal Holiday,
and no interest shall accrue for the intervening period. If a regular record
date is a Legal Holiday, the record date shall not be affected.

          SECTION 12.09. Governing Law. This Indenture and the Securities
shall be governed by, and construed in

                                       113
<PAGE>

accordance with, the laws of the State of New York but without giving effect to
applicable principles of conflicts of law to the extent that the application of
the laws of another jurisdiction would be required thereby.

          SECTION 12.10. No Recourse Against Others. A director, officer,
employee or stockholder, as such, of the Company or any Subsidiary Guarantor
shall not have any liability for any obligations of the Company under the
Securities or this Indenture or of such Subsidiary Guarantor under its
Subsidiary Guarantee or this Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Securityholder shall waive and release all such liability. The waiver and
release shall be part of the consideration for the issue of the Securities.

          SECTION 12.11. Successors. All agreements of the Company and the
Subsidiary Guarantors in this Indenture and the Securities shall bind their
respective successors. All agreements of the Trustee in this Indenture shall
bind its successors.

          SECTION 12.12. Multiple Originals. The parties may sign any number
of copies of this Indenture. Each signed copy shall be an original, but all of
them together represent the same agreement. One signed copy is enough to prove
this Indenture.

          SECTION 12.13. Table of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not intended
to be considered a part hereof and shall not modify or restrict any of the terms
or provisions hereof.

                                       114
<PAGE>

          IN WITNESS WHEREOF, the parties have caused this Indenture to be
duly executed as of the date first written above.

                            ROTO-ROOTER, INC.

                            By:    /s/ Kevin J. McNamara
                                   ----------------------------------
                                   Name: Kevin J. McNamara
                                   Title: President and
                                   Chief Executive Officer

                            JET RESOURCE, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            NUROTOCO OF NEW JERSEY, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            CCR OF OHIO INC.

                            By:    /s/ Kevin J. McNamara
                                   ----------------------------------
                                   Name: Kevin J. McNamara
                                   Title: Vice Chairman

                                       115
<PAGE>

                            ROTO-ROOTER DEVELOPMENT COMPANY

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            ROTO-ROOTER MANAGEMENT COMPANY

                            By:    /s/ Kevin J. McNamara
                                   ----------------------------------
                                   Name: Kevin J. McNamara
                                   Title: Vice Chairman

                            R.R. UK, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            SERVICE AMERICA NETWORK, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            ROTO-ROOTER CORPORATION

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                                       116
<PAGE>

                            ROTO-ROOTER SERVICES COMPANY

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            NUROTOCO OF MASSACHUSETTS, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Assistant Clerk

                            COMFORT CARE HOLDINGS CO.

                            By:    /s/ Kevin J. McNamara
                                   ----------------------------------
                                   Name: Kevin J. McNamara
                                   Title: Vice President

                            R.R. PLUMBING SERVICES CORPORATION

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            COMPLETE PLUMBING SERVICES, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                                       117
<PAGE>

                            CONSOLIDATED HVAC, INC.

                            By:    /s/ Naomi C. Dallob
                                   ----------------------------------
                                   Name: Naomi C. Dallob
                                   Title: Secretary

                            VITAS HEALTHCARE CORPORATION

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HOSPICE SERVICES, L.L.C.

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HEALTHCARE CORPORATION OF CALIFORNIA

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HEALTHCARE CORPORATION OF ILLINOIS

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                                       118
<PAGE>

                            VITAS HEALTHCARE CORPORATION OF OHIO

                            By:     /s/ Timothy S. O'Toole
                                    ----------------------------------
                                    Name: Timothy S. O'Toole
                                    Title: President

                            VITAS HEALTHCARE CORPORATION OF PENNSYLVANIA

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HEALTHCARE CORPORATION OF WISCONSIN

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HME SOLUTIONS, INC.

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HOLDINGS CORPORATION

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                                       119
<PAGE>

                            HOSPICE CARE INCORPORATED

                            By:      /s/ Timothy S. O'Toole
                                     Name: Timothy S. O'Toole
                                     Title: President

                            HOSPICE, INC.

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HEALTHCARE CORPORATION OF FLORIDA

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                            VITAS HEALTHCARE CORPORATION OF CENTRAL FLORIDA

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                                       120
<PAGE>

                            VITAS HEALTHCARE OF TEXAS, L.P.

                            By:    Vitas Hospice Services, L.L.C., its
                                   General Partner

                            By:    /s/ Timothy S. O'Toole
                                   ----------------------------------
                                   Name: Timothy S. O'Toole
                                   Title: President

                           Wells Fargo Bank, N.A.

                              By

                                 /s/ Jeffrey Rose
                                 ----------------------------------
                                 Name:  Jeffrey Rose
                                 Title: Corporate Trust Officer

                                       121
<PAGE>

                                                                      SCHEDULE I

CCR of Ohio Inc.
Comfort Care Holdings CO.
Complete Plumbing Services, Inc.
Consolidated HVAC, Inc.
Jet Resource, Inc.
Nurotoco of Massachusetts, Inc.
Nurotoco of New Jersey, Inc.
R.R. UK, Inc.
Roto-rooter Corporation
Roto-Rooter Development Company
Roto-Rooter Management Company
Roto-Rooter Services Company
R.R. Plumbing Services Corporation
Service America Network, Inc.
Hospice Care Incorporated
Hospice, Inc.
Vitas Healthcare Corporation
Vitas Healthcare Corporation of California
Vitas Healthcare Corporation of Central Florida
Vitas Healthcare Corporation of Florida
Vitas Healthcare Corporation of Illinois
Vitas Healthcare Corporation of Ohio
Vitas Healthcare Corporation of Pennsylvania
Vitas Healthcare Corporation of Wisconsin
Vitas HME Solutions, Inc.
Vitas Holdings Corporation
Vitas Hospice Services, L.L.C.
Vitas Healthcare of Texas, L.P.

<PAGE>

                                                                        APPENDIX

                    CERTAIN PROVISIONS RELATING TO SECURITIES
                   -----------------------------------------

       1.   Definitions

       1.1   Definitions

     For the purposes of this Appendix the following terms shall have the
meanings indicated below:

          "Accredited Investor" has the meaning assigned to such term in
Regulation D.

          "Depository" means The Depository Trust Company, its nominees and
their respective successors.

          "Exchange Securities" means (1) the Floating Rate Senior Secured Notes
Due 2010 issued pursuant to the Indenture in connection with a Registered
Exchange Offer pursuant to a Registration Rights Agreement and (2) Additional
Securities, if any, issued pursuant to a registration statement filed with the
SEC under the Securities Act.

          "Initial Holders" means (1) with respect to the Initial Securities
issued on the Issue Date, the purchasers thereof, as set forth in the Purchase
Agreements and (2) with respect to each issuance of Additional Securities, the
Persons purchasing such Additional Securities under the related Purchase
Agreements.

          "Initial Securities" means (1) $110.0 million aggregate principal
amount of Floating Rate Senior Secured Notes Due 2010 issued on the Issue Date
and (2) Additional Securities, if any, issued in a transaction exempt from the
registration requirements of the Securities Act.

          "Purchase Agreement" means (1) with respect to the Initial Securities
issued on the Issue Date, each Purchase Agreement dated February 24, 2004, among
the Company, the Subsidiary Guarantors and an Initial Holder, and (2) with
respect to each issuance of Additional Securities, each purchase agreement or
underwriting agreement among the Company and the Persons purchasing such
Additional Securities.

<PAGE>

                                                                               2

          "Registered Exchange Offer" means the offer by the Company, pursuant
to the Registration Rights Agreement, to certain Holders of Initial Securities,
to issue and deliver to such Holders, in exchange for the Initial Securities, a
like aggregate principal amount of Exchange Securities registered under the
Securities Act.

          "Registration Rights Agreement" means (1) with respect to the Initial
Securities issued on the Issue Date, the Registration Rights Agreement dated
February 24, 2004 among the Company and the Initial Holders and (2) with respect
to each issuance of Additional Securities issued in a transaction exempt from
the registration requirements of the Securities Act, the registration rights
agreement, if any, among the Company and the Persons purchasing such Additional
Securities under the related Purchase Agreement.

          "Securities" means the Initial Securities and the Exchange Securities,
treated as a single class.

          "Securities Act" means the Securities Act of 1933.

          "Securities Custodian" means the custodian with respect to a Global
Security (as appointed by the Depository), or any successor Person thereto and
shall initially be the Trustee.

          "Shelf Registration Statement" means the registration statement
issued by the Company in connection with the offer and sale of Initial
Securities pursuant to the Registration Rights Agreement.

          "Transfer Restricted Securities" means Securities that bear or are
required to bear the legend set forth in Section 2.3(b) hereto.

     1.2  OTHER DEFINITIONS

<TABLE>
<CAPTION>
                                                               DEFINED IN
          TERM                                                  SECTION:
<S>                                                            <C>
"Agent Members"............................................      2.1(b)
"Global Security"..........................................      2.1(a)
"Regulation D".............................................      2.1(a)
"Restricted Global Security"...............................      2.1(a)
</TABLE>

     2.   THE SECURITIES.

<PAGE>

                                                                               3

     2.1  (a) FORM AND DATING. Initial Securities offered and sold to an
accredited investor in reliance on Section 4(2) of the Securities Act
("Section 4(2)") and/or Regulation D under the Securities Act ("Regulation
D"), in each case as provided in a Purchase Agreement, shall be issued
initially in the form of one or more permanent global Securities in
definitive, fully registered form without interest coupons with the global
securities legend and restricted securities legend set forth in Exhibit 1
hereto (each, a "Restricted Global Security"), which shall be deposited on
behalf of the purchasers of the Initial Securities represented thereby with
the Trustee, at its principal corporate trust office, as custodian for the
Depository (or with such other custodian as the Depository may direct), and
registered in the name of the Depository or a nominee of the Depository, duly
executed by the Company and authenticated by the Trustee as hereinafter
provided. The aggregate principal amount of the Global Securities may from
time to time be increased or decreased by adjustments made on the records of
the Trustee and the Depository or its nominee as hereinafter provided.
Exchange Securities shall be issued in global form (with the global securities
legend set forth in Exhibit 1 hereto) or in certificated form at the option of
the Holders thereof from time to time. Exchange Securities issued in global
form and Restricted Global Securities are sometimes referred to in this
Appendix as "Global Securities".

          (b) BOOK-ENTRY PROVISIONS. This Section 2.1(b) shall apply only to a
Global Security deposited with or on behalf of the Depository.

          The Company shall execute and the Trustee shall, in accordance with
this Section 2.1(b), authenticate and deliver initially one or more Global
Securities that (a) shall be registered in the name of the Depository for such
Global Security or Global Securities or the nominee of such Depository and (b)
shall be delivered by the Trustee to such Depository or pursuant to such
Depository's instructions or held by the Trustee as custodian for the
Depository.

          Members of, or participants in, the Depository ("Agent Members") shall
have no rights under this Indenture with respect to any Global Security held on
their behalf by the Depository or by the Trustee as the custodian of the
Depository or under such Global Security, and the Company, the Trustee and any
agent of the Company or the Trustee

<PAGE>

                                                                               4

shall be entitled to treat the Depository as the absolute owner of such Global
Security for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee or any agent of the Company or the
Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depository or impair, as between the Depository
and its Agent Members, the operation of customary practices of such Depository
governing the exercise of the rights of a holder of a beneficial interest in any
Global Security.

               (c) CERTIFICATED SECURITIES. Except as provided in this Section
2.1 or Section 2.3 or 2.4, owners of beneficial interests in Restricted Global
Securities shall not be entitled to receive physical delivery of certificated
Securities.

     2.2  AUTHENTICATION. The Trustee shall authenticate and deliver: (1) on the
Issue Date, an aggregate principal amount of $110.0 million Floating Rate Senior
Secured Notes Due 2010, (2) any Additional Securities for an original issue in
an aggregate principal amount specified in the written order of the Company
pursuant to Section 2.02 of the Indenture and (3) Exchange Securities for issue
only in a Registered Exchange Offer pursuant to the Registration Rights
Agreement, for a like principal amount of Initial Securities, in each case upon
a written order of the Company signed by two Officers or by an Officer and
either an Assistant Treasurer or an Assistant Secretary of the Company. Such
order shall specify the amount of the Securities to be authenticated and the
date on which the original issue of Securities is to be authenticated and, in
the case of any issuance of Additional Securities pursuant to Section 2.13 of
the Indenture, shall certify that such issuance is in compliance with Section
4.03 of the Indenture. The aggregate principal amount of Securities outstanding
at any time shall not exceed $220.0 million except as provided in Section 2.07
of the Indenture.

     2.3  TRANSFER AND EXCHANGE.

          (a) Transfer and Exchange of Global Securities.

          (1) The transfer and exchange of Global Securities or beneficial
     interests therein shall be effected through the Depository, in accordance
     with the Indenture (including applicable restrictions on

<PAGE>

                                                                               5

     transfer set forth herein, if any) and the procedures of the Depository
     therefor. A transferor of a beneficial interest in a Global Security shall
     deliver to the Registrar a written order given in accordance with the
     Depository's procedures containing information regarding the participant
     account of the Depository to be credited with a beneficial interest in the
     Global Security. The Registrar shall, in accordance with such instructions
     instruct the Depository to credit to the account of the Person specified in
     such instructions a beneficial interest in the Global Security and to debit
     the account of the Person making the transfer the beneficial interest in
     the Global Security being transferred.

          (2) Notwithstanding any other provisions of this Appendix (other than
     the provisions set forth in Section 2.4), a Global Security may not be
     transferred as a whole except by the Depository to a nominee of the
     Depository or by a nominee of the Depository to the Depository or another
     nominee of the Depository or by the Depository or any such nominee to a
     successor Depository or a nominee of such successor Depository.

          (3) In the event that a Restricted Global Security is exchanged for
     Securities in certificated registered form pursuant to Section 2.4 of this
     Appendix, prior to the consummation of a Registered Exchange Offer or the
     effectiveness of a Shelf Registration Statement with respect to such
     Securities, such Securities may be exchanged only in accordance with such
     procedures as are substantially consistent with the provisions of this
     Section 2.3 (including the certification requirements set forth on the
     reverse of the Initial Securities intended to ensure that such transfers
     comply with Rule 144A or Regulation S, as the case may be) and such other
     procedures as may from time to time be adopted by the Company.

          (b) LEGEND.

          (1) Except as permitted by the following paragraphs (2), (3) and (4),
     each Security certificate evidencing the Restricted Global Securities (and
     all Securities issued in exchange therefor or in substitution thereof)
     shall bear a legend in substantially the following form:

<PAGE>

                                                                               6

          THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
          EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
          (THE "SECURITIES ACT"), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR
          OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
          APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY
          NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION
          FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY
          RULE l44A THEREUNDER.

          THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)
          THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED,
          ONLY (I) TO THE ISSUER THEREOF, (II) IN THE UNITED STATES TO A PERSON
          WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER
          (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION
          MEETING THE REQUIREMENTS OF RULE 144A, (III) PURSUANT TO AN EXEMPTION
          FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144
          THEREUNDER (IF AVAILABLE), (IV) TO AN INSTITUTIONAL ACCREDITED
          INVESTOR IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF
          THE SECURITIES ACT OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION
          STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (V)
          IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF THE STATES AND
          OTHER JURISDICTIONS OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND
          EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS
          NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

          (2) Upon any sale or transfer of a Transfer Restricted Security
     (including any Transfer Restricted Security represented by a Restricted
     Global Security) pursuant to Rule 144 under the Securities Act, the
     Registrar shall permit the transferee thereof to exchange such Transfer
     Restricted Security for a certificated Security that does not bear the
     legend

<PAGE>

                                                                               7

     set forth above and rescind any restriction on the transfer of such
     Transfer Restricted Security, if the transferor thereof certifies in
     writing to the Registrar that such sale or transfer was made in reliance on
     Rule 144 (such certification to be in the form set forth on the reverse of
     the Security).

          (3) After a transfer of any Initial Securities pursuant to and during
     the period of the effectiveness of a Shelf Registration Statement with
     respect to such Initial Securities, all requirements pertaining to legends
     on such Initial Security will cease to apply, the requirements requiring
     any such Initial Security issued to certain Holders be issued in global
     form will cease to apply, and a certificated Initial Security or an Initial
     Security in global form, in each case without restrictive transfer legends,
     will be available to the transferee of the Holder of such Initial
     Securities upon exchange of such transferring Holder's certificated Initial
     Security or directions to transfer such Holder's interest in the Global
     Security, as applicable.

          (4) Upon the consummation of a Registered Exchange Offer with respect
     to the Initial Securities, all requirements pertaining to such Initial
     Securities that Initial Securities issued to certain Holders be issued in
     global form will still apply with respect to Holders of such Initial
     Securities that do not exchange their Initial Securities, and Exchange
     Securities in certificated or global form will be available to Holders that
     exchange such Initial Securities in such Registered Exchange Offer.

          (c) CANCELLATION OR ADJUSTMENT OF GLOBAL SECURITY. At such time as all
beneficial interests in a Global Security have either been exchanged for
certificated Securities, redeemed, purchased or canceled, such Global Security
shall be returned to the Depository for cancellation or retained and canceled by
the Trustee. At any time prior to such cancellation, if any beneficial interest
in a Global Security is exchanged for certificated Securities, redeemed,
purchased or canceled, the principal amount of Securities represented by such
Global Security shall be reduced and an adjustment shall be made on the books
and records of the Trustee (if it is then the Securities Custodian for such
Global Security) with respect

<PAGE>

                                                                               8

to such Global Security, by the Trustee or the Securities Custodian, to reflect
such reduction.

          (d) Obligations with Respect to Transfers and Exchanges of Securities.

          (1) To permit registrations of transfers and exchanges, the Company
     shall execute and the Trustee shall authenticate certificated Securities
     and Global Securities at the Registrar's or co-registrar's request.

          (2) No service charge shall be made for any registration of transfer
     or exchange, but the Company may require payment of a sum sufficient to
     cover any transfer tax, assessments, or similar governmental charge payable
     in connection therewith (other than any such transfer taxes, assessments or
     similar governmental charge payable upon exchange or transfer pursuant to
     Sections 3.06, 4.10 and 9.05 of the Indenture).

          (3) The Registrar or co-registrar shall not be required to register
     the transfer of or exchange of any Security for a period beginning 15
     Business Days before the mailing of a notice of an offer to repurchase or
     redeem Securities or 15 Business Days before an interest payment date.

          (4) Prior to the due presentation for registration of transfer of any
     Security, the Company, the Trustee, the Paying Agent, the Registrar or any
     co-registrar may deem and treat the person in whose name a Security is
     registered as the absolute owner of such Security for the purpose of
     receiving payment of principal of and interest on such Security and for all
     other purposes whatsoever, whether or not such Security is overdue, and
     none of the Company, the Trustee, the Paying Agent, the Registrar or any
     co-registrar shall be affected by notice to the contrary.

          (5) All Securities issued upon any transfer or exchange pursuant to
     the terms of the Indenture shall evidence the same debt and shall be
     entitled to the same benefits under this Indenture as the Securities
     surrendered upon such transfer or exchange.

<PAGE>

                                                                               9

          (e) Obligation of the Trustee.

          (1) The Trustee shall have no responsibility or obligation to any
     beneficial owner of a Global Security, a member of, or a participant in the
     Depository or other Person with respect to the accuracy of the records of
     the Depository or its nominee or of any participant or member thereof, with
     respect to any ownership interest in the Securities or with respect to the
     delivery to any participant, member, beneficial owner or other Person
     (other than the Depository) of any notice (including any notice of
     redemption) or the payment of any amount, under or with respect to such
     Securities. All notices and communications to be given to the Holders and
     all payments to be made to Holders under the Securities shall be given or
     made only to or upon the order of the registered Holders (which shall be
     the Depository or its nominee in the case of a Global Security). The rights
     of beneficial owners in any Global Security shall be exercised only through
     the Depository subject to the applicable rules and procedures of the
     Depository. The Trustee may rely and shall be fully protected in relying
     upon information furnished by the Depository with respect to its members,
     participants and any beneficial owners.

          (2) The Trustee shall have no obligation or duty to monitor, determine
     or inquire as to compliance with any restrictions on transfer imposed under
     this Indenture or under applicable law with respect to any transfer of any
     interest in any Security (including any transfers between or among
     Depository participants, members or beneficial owners in any Global
     Security) other than to require delivery of such certificates and other
     documentation or evidence as are expressly required by, and to do so if and
     when expressly required by, the terms of this Indenture, and to examine the
     same to determine substantial compliance as to form with the express
     requirements hereof.

     2.4 Certificated Securities.

          (a) A Restricted Global Security deposited with the Depository or with
the Trustee as custodian for the Depository pursuant to Section 2.1 shall be
transferred to the beneficial owners thereof in the form of certificated

<PAGE>

                                                                              10

Securities in an aggregate principal amount equal to the principal amount of
such Global Security, in exchange for such Global Security, only if such
transfer complies with Section 2.3 and (1) the Depository notifies the Company
that it is unwilling or unable to continue as Depository for such Restricted
Global Security or if at any time such Depository ceases to be a "clearing
agency" registered under the Exchange Act and a successor depositary is not
appointed by the Company within 90 days of such notice, or (2) an Event of
Default has occurred and is continuing or (3) the Company, in its sole
discretion, notifies the Trustee in writing that it elects to cause the issuance
of certificated Securities under this Indenture.

          (b) Any Restricted Global Security that is transferable to the
beneficial owners thereof pursuant to this Section shall be surrendered by the
Depository to the Trustee located at its principal corporate trust office in the
Borough of Manhattan, The City of New York, to be so transferred, in whole or
from time to time in part, without charge, and the Trustee shall authenticate
and deliver, upon such transfer of each portion of such Restricted Global
Security, an equal aggregate principal amount of certificated Initial Securities
of authorized denominations. Any portion of a Restricted Global Security
transferred pursuant to this Section shall be executed, authenticated and
delivered only in denominations of $1,000 principal amount and any integral
multiple thereof and registered in such names as the Depository shall direct.
Any certificated Initial Security delivered in exchange for an interest in the
Restricted Global Security shall, except as otherwise provided by Section
2.3(b), bear the restricted securities legend set forth in Exhibit 1 hereto.

          (c) Subject to the provisions of Section 2.4(b), the registered Holder
of a Global Security shall be entitled to grant proxies and otherwise authorize
any Person, including Agent Members and Persons that may hold interests through
Agent Members, to take any action which a Holder is entitled to take under this
Indenture or the Securities.

          (d) In the event of the occurrence of either of the events specified
in Section 2.4(a), the Company shall promptly make available to the Trustee a
reasonable supply of certificated Securities in definitive, fully registered
form without interest coupons.

<PAGE>

                                                                       EXHIBIT 1
                                                                              to
                                                                        APPENDIX

                       [FORM OF FACE OF INITIAL SECURITY]

                           [Global Securities Legend]

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW
YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.

                         [Restricted Securities Legend]

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE
RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT
PROVIDED BY RULE l44A THEREUNDER.

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE
MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE ISSUER
THEREOF, (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III)

<PAGE>

                                                                               2

PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE), (IV) TO AN INSTITUTIONAL ACCREDITED INVESTOR
IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT,
IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES
LAWS OF THE STATES AND OTHER JURISDICTIONS OF THE UNITED STATES, AND (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF
THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

<PAGE>

                                                                               3

No. ______________                                                  $___________

          Floating Rate Senior Secured Notes Due 2010

          Roto-Rooter, Inc., a Delaware corporation, promises to pay to
_____________________________, or registered assigns, the principal sum of
______________________ _________ Dollars on February 24, 2010.

          Interest Payment Dates: February 15, May 15, August 15 and November
15.

          Record Dates: February 1, August 1, May 1 and November 1.

          Additional provisions of this Security are set forth on the other
side of this Security.

Dated:

                                        ROTO-ROOTER, INC.

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

TRUSTEE'S CERTIFICATE OF
    AUTHENTICATION

WELLS FARGO BANK, N.A.
  as Trustee, certifies
    that this is one of
    the Securities referred
    to in the Indenture.
  By
    ----------------------------------
     Authorized Signatory

<PAGE>

                                                                               4

                   [FORM OF REVERSE SIDE OF INITIAL SECURITY]

                   Floating Rate Senior Secured Note Due 2010

1.   INTEREST

          Roto-Rooter, Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein
called the "Company"), promises to pay interest on the principal amount of this
Security at a rate equal to LIBOR for the applicable Interest Period plus 3.75%
per annum; provided, however, that if a Registration Default (as defined in the
Registration Rights Agreement) occurs, additional interest will accrue on this
Security at a rate of 0.25% per annum for the first 90 days following a
Registration Default, at a per annum rate of 0.50% for the second 90 days
following a Registration Default, at a per annum rate of 0.75% for the third 90
days following a Registration Default and at a per annum rate of 1.0% thereafter
from and including the date on which any such Registration Default shall occur
to but excluding the date on which all Registration Defaults have been cured.
The Company will pay interest quarterly on February 15, May 15, August 15 and
November 15 of each year, commencing May 15, 2004. Interest on the Securities
will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from February 24, 2004. Interest will be computed on the
basis of actual days outstanding of a 360-day year. The Company will pay
interest on overdue principal at the rate borne by this Security plus 1.0% per
annum, and it will pay interest on overdue installments of interest at the same
rate to the extent lawful.

          LIBOR for the initial Interest Period will be 1.13% per annum. The
Trustee will determine LIBOR for each Interest Period following the initial
Interest Period, on the second London Business Day prior to the first day of
such Interest Period (each a "LIBOR Determination Date"). For purposes of
calculating LIBOR, a London Business Day is any day on which dealings in
deposits in United States dollars are transacted in the London interbank market.
LIBOR shall be determined by the Trustee in accordance with the following
provisions:

          (i) "LIBOR" means, as of any LIBOR Determination Date, the rate for
deposits in the United States dollars

<PAGE>

                                                                               5

for a three-month period which appears on Telerate Page 3750 (as defined in the
1987 Interest Rate and Currency Exchange Definitions published by the
International Swap Dealers Association, Inc., or such other page as may replace
such Telerate Page 3750) as of 11:00 a.m., London time, on such date, and

          (ii) If, on any LIBOR Determination Date, such rate does not appear on
Telerate Page 3750 (or such other page as may replace such Telerate Page 3750),
the rate for that LIBOR Determination Date will be determined on the basis of
the rates at which deposits in the United States dollars are offered by four
reference banks selected by the Trustee at approximately 11:00 a.m., London
time, on that day to prime banks in the London interbank market for a three-
month period. The Trustee will request the principal London office of each such
bank to provide a quotation of its rate. If at least two such quotations are
provided as requested, the rate for that day will be the arithmetic mean of the
quotations. If fewer than two quotations are provided as requested, the rate for
that day will be the arithmetic mean of the rates quoted by major banks in New
York City, selected by the Trustee, at approximately 11:00 a.m., New York City
time, on that day for loans in United States dollars to leading European banks
for a three-month period. All percentages resulting from a calculation in this
clause (ii) shall be rounded, if necessary, to the nearest one thirty-second of
a percentage point.

2.   METHOD OF PAYMENT

          The Company will pay interest on the Securities (except defaulted
interest) to the Persons who are registered holders of Securities at the close
of business on the February 1, May 1, August 1 or November 1 next preceding the
interest payment date even if Securities are canceled after the record date and
on or before the interest payment date. Holders must surrender Securities to a
Paying Agent to collect principal payments. The Company will pay principal and
interest in money of the United States that at the time of payment is legal
tender for payment of public and private debts. Payments in respect of the
Securities represented by a Global Security (including principal, premium and
interest) will be made by wire transfer of immediately available funds to the
accounts specified by The Depository Trust Company. The Company will make all
payments in respect of a certificated

<PAGE>

                                                                               6

Security (including principal, premium and interest) by mailing a check to the
registered address of each Holder thereof; provided, however, that payments on a
certificated Security will be made by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects
payment by wire transfer by giving written notice to the Trustee or the Paying
Agent to such effect designating such account no later than 30 days immediately
preceding the relevant due date for payment (or such other date as the Trustee
may accept in its discretion).

3.   PAYING AGENT AND REGISTRAR

               Initially, Wells Fargo Bank, N.A., a national banking associatio
(the "Trustee"), will act as Paying Agent and Registrar. The Company may appoint
and change any Paying Agent, Registrar or co-registrar without notice. The
Company or any of its domestically incorporated Wholly Owned Subsidiaries may
act as Paying Agent, Registrar or co-registrar.

4.   INDENTURE

          The Company issued the Securities under an Indenture dated as of
February 24, 2004 ("Indenture"), among the Company, the Subsidiary Guarantors
and the Trustee. The terms of the Securities include those stated in the
Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939 (15 U.S.C. {section}{section} 77aaa-77bbbb) as in effect
on the date of the Indenture (the "Act"). Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture. The
Securities are subject to all such terms, and Securityholders are referred to
the Indenture and the Act for a statement of those terms.

          The Securities are general secured obligations of the Company. The
Company shall be entitled, subject to its compliance with Section 4.03 of the
Indenture, to issue Additional Securities pursuant to Section 2.13 of the
Indenture. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor will be
treated as a single class for all purposes under the Indenture. The Indenture
contains covenants that limit the ability of the Company and its subsidiaries to
incur additional indebtedness; pay dividends or distributions on, or redeem or
repurchase

<PAGE>

                                                                               7

capital stock; make investments; issue or sell capital stock of subsidiaries;
engage in transactions with affiliates; create liens on assets; transfer or sell
assets; restrict dividends or other payments of subsidiaries; consolidate, merge
or transfer all or substantially all of its assets and the assets of its
subsidiaries; engage in sale/leaseback transactions; and impair the Collateral.
These covenants are subject to important exceptions and qualifications.

5.   OPTIONAL REDEMPTION

          At any time, the Company shall be entitled to redeem all or a portion
of the Securities on one or more occasions, on not less than 30 nor more than 60
days' prior notice, at the following redemption prices (expressed as percentages
of principal amount on the redemption date), plus accrued and unpaid interest
to, but excluding, the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest, if any, due on the
relevant interest payment date), if redeemed during the 12-month period
commencing on February 24 of the years set forth below:

<TABLE>
<CAPTION>
                        REDEMPTION
YEAR                      PRICE
----                   -----------
<S>                    <C>
2004                     101.000%
2005 and thereafter      102.000%
</TABLE>

6.   NOTICE OF REDEMPTION

          Notice of redemption will be mailed at least 30 days but not more than
60 days before the redemption date to each Holder of Securities to be redeemed
at his registered address. Securities in denominations larger than $1,000
principal amount may be redeemed in part but only in whole multiples of $1,000.
If money sufficient to pay the redemption price of and accrued interest on all
Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date interest ceases to accrue
on such Securities (or such portions thereof) called for redemption.

          Any notice of redemption may provide that the redemption will be
subject to specified conditions,

<PAGE>

                                                                               8

provided that such conditions are not solely within the Company's control.

7.   PUT PROVISIONS

          Upon a Change of Control, any Holder of Securities will have the right
to cause the Company to repurchase all or any part of the Securities of such
Holder at a repurchase price equal to 101% of the principal amount of the
Securities to be repurchased plus accrued and unpaid interest to, but excluding,
the date of repurchase (subject to the right of holders of record on the
relevant record date to receive interest due on the related interest payment
date) as provided in, and subject to the terms of, the Indenture.

8.   GUARANTEE

          The payment by the Company of the principal of, and premium and
interest on, the Securities is fully and unconditionally guaranteed on a joint
and several senior secured basis by each of the Subsidiary Guarantors to the
extent set forth in the Indenture.

9.   SECURITY

          The payment by the Company of the principal of, and premium and
interest on, the Securities will be secured by the collateral that secures the
Credit Agreement Obligations, on a first-priority basis equally and ratably with
all Credit Agreement Obligations, subject to the terms of the Collateral Sharing
Agreement.

10.  DENOMINATIONS; TRANSFER; EXCHANGE

          The Securities are in registered form without coupons in denominations
of $1,000 principal amount and whole multiples of $1,000. A Holder may transfer
or exchange Securities in accordance with the Indenture. The Registrar may
require a Holder, among other things, to furnish appropriate endorsements or
transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not register the transfer of or exchange any
Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or any
Securities for a period of 15 days before

<PAGE>

                                                                               9

a selection of Securities to be redeemed or 15 days before an interest payment
date.

11.  PERSONS DEEMED OWNERS

          The registered Holder of this Security may be treated as the owner of
it for all purposes.

12.  UNCLAIMED MONEY

          If money for the payment of principal or interest remains unclaimed
for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

13.  DISCHARGE AND DEFEASANCE

          Subject to certain conditions, the Company at any time shall be
entitled to terminate some or all of its obligations under the Securities and
the Indenture if the Company deposits with the Trustee money or U.S. Government
Obligations, the principal of and interest on which will be sufficient, or a
combination thereof sufficient, to pay the principal of and premium (if any) and
interest on the Securities to maturity or redemption, as the case may be. If the
Company exercises its legal defeasance option or its covenant defeasance option,
each Subsidiary Guarantor, if any, shall be released from all its obligations
with respect to its Subsidiary Guarantee and the Security Documents.

14.  AMENDMENT; WAIVER

          Subject to certain exceptions set forth in the Indenture, (1) the
Indenture and the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (2) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Securityholder, the Company, the Subsidiary
Guarantors and the Trustee shall be entitled to amend the Indenture, the
Security Documents, the Collateral Sharing Agreement or the

<PAGE>

                                                                              10

Securities to cure any ambiguity, omission, defect or inconsistency, or to
comply with Article 5 of the Indenture, or to provide for uncertificated
Securities in addition to or in place of certificated Securities, or to add
guarantees with respect to the Securities or to secure the Securities, or to add
additional covenants or surrender rights and powers conferred on the Company, or
to comply with any request of the SEC in connection with qualifying the
Indenture under the Act, or to make any change that does not adversely affect
the rights of any Securityholder.

15.  DEFAULTS AND REMEDIES

          Under the Indenture, Events of Default include (a) default for 30 days
in payment of interest on the Securities; (b) default in payment of principal on
the Securities at maturity, upon optional redemption, upon declaration of
acceleration or otherwise, or failure by the Company to purchase Securities when
required; (c) failure by the Company to comply with certain other agreements in
the Indenture or the Securities, in certain cases subject to notice and lapse of
time; (d) certain accelerations (including failure to pay within any grace
period after final maturity) of other Indebtedness of the Company or the
Significant Subsidiaries if the amount accelerated (or so unpaid) exceeds $5.0
million; (e) certain events of bankruptcy or insolvency with respect to the
Company and the Significant Subsidiaries; (f) certain judgments or decrees for
the payment of money in excess of $5.0 million; (g) certain defaults with
respect to Subsidiary Guarantees; and (h) certain defaults relating to the
Collateral under the Security Documents. If an Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of
the Securities may declare all the Securities to be due and payable immediately.
Certain events of bankruptcy or insolvency are Events of Default which will
result in the Securities being due and payable immediately upon the occurrence
of such Events of Default.

          Securityholders may not enforce the Indenture or the Securities except
as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives indemnity or security satisfactory to it.
Subject to certain limitations, Holders of a majority in principal amount of the
Securities may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Securityholders notice of any continuing Default
(except a Default in

<PAGE>

                                                                              11

payment of principal or interest) if it determines that withholding notice is in
the interest of the Holders.

16.  TRUSTEE DEALINGS WITH THE COMPANY

          Subject to certain limitations imposed by the Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

17.  NO RECOURSE AGAINST OTHERS

          A director, officer, employee or stockholder, as such, of the Company
or the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Securityholder waives and releases all such liability. The waiver and
release are part of the consideration for the issue of the Securities.

18.  AUTHENTICATION

          This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

19.  ABBREVIATIONS

          Customary abbreviations may be used in the name of a Securityholder or
an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

20.  CUSIP NUMBERS

          Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to

<PAGE>

                                                                              12

Securityholders. No representation is made as to the accuracy of such numbers
either as printed on the Securities or as contained in any notice of redemption
and reliance may be placed only on the other identification numbers placed
thereon.

21.  GOVERNING LAW

          THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          The Company will furnish to any Securityholder upon written request
and without charge to the Security holder a copy of the Indenture which has in
it the text of this Security in larger type. Requests may be made to:

             Roto-Rooter, Inc.
             255 East Fifth Street
             Cincinnati, Ohio  45202
             Facsimile:  (513) 287-6216

             Attention:  General Counsel

<PAGE>

                                                                              13

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

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

     (Print or type assignee's name, address and zip code)

     (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint                  agent to transfer this Security on the
books of the Company. The agent may substitute another to act for him.

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

________________________________________________________________________________

Sign exactly as your name appears on the other side of this Security.

In connection with any transfer of any of the Securities evidenced by this
certificate occurring prior to the expiration of the period referred to in Rule
144(k) under the Securities Act after the later of the date of original issuance
of such Securities and the last date, if any, on which such Securities were
owned by the Company or any Affiliate of the Company, the undersigned confirms
that such Securities are being transferred in accordance with its terms:

CHECK ONE BOX BELOW

          (1)  | | to the Company; or

          (2)  | | pursuant to an effective registration statement under the
                   Securities Act of 1933; or

          (3)  | | inside the United States to a "qualified institutional buyer"
                   (as defined in Rule 144A under the Securities Act of 1933)

<PAGE>

                                                                              14

                   that purchases for its own account or for the account of a
                   qualified institutional buyer to whom notice is given that
                   such transfer is being made in reliance on Rule 144A, in
                   each case pursuant to and in compliance with Rule 144A under
                   the Securities Act of 1933; or

          (4)  | | to an institutional accredited investor in a transaction
                   exempt from the registration requirements of the Securities
                   Act; or

          (5)  | | pursuant to the exemption from registration provided by Rule
                   144 under the Securities Act of 1933.

          Unless one of the boxes is checked, the Trustee will refuse to
          register any of the Securities evidenced by this certificate in the
          name of any person other than the registered holder thereof; provided,
          however, that if box (4) or (5) is checked, the Trustee shall be
          entitled to require, prior to registering any such transfer of the
          Securities, such legal opinions, certifications and other information
          as the Company has reasonably requested to confirm that such transfer
          is being made pursuant to an exemption from, or in a transaction not
          subject to, the registration requirements of the Securities Act of
          1933, such as the exemption provided by Rule 144 under such Act.

                                                --------------------------------
                                                Signature

Signature Guarantee:

-------------------------------------   --------------------------------
Signature must be guaranteed            Signature

          Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee

<PAGE>

                                                                              15

program" as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended.

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

<PAGE>

                                                                              16

              TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED

          The undersigned represents and warrants that it is purchasing this
Security for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act of
1933, and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Company as
the undersigned has requested pursuant to Rule 144A or has determined not to
request such information and that it is aware that the transferor is relying
upon the undersigned's foregoing representations in order to claim the exemption
from registration provided by Rule 144A.

Dated:__________________________________    ____________________________________
                                            Notice: To be executed by
                                                    an executive officer

<PAGE>

                                                                              17

                      [TO BE ATTACHED TO GLOBAL SECURITIES]

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

The following increases or decreases in this Global Security have been made:

<TABLE>
<CAPTION>
                                                                Principal amount of     Signature of
                Amount of decrease      Amount of increase      this Global             authorized officer
                in Principal            in Principal amount     Security following      of Trustee or
Date of         amount of this          of this Global          such decrease or        Securities
Exchange        Global Security         Security                increase)               Custodian
--------------  --------------------- ----------------------  ----------------------  -------------------
<S>             <C>                        <C>                       <C>                 <C>
</TABLE>

<PAGE>

                                                                              18

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.06 or 4.10 of the Indenture, check the box:

                                       [ ]

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.06 or 4.10 of the Indenture, state the
principal amount: $

Date: __________________         Your Signature:________________________________
                                                (Sign exactly as your
                                                 name appears on the
                                                 other side of this
                                                 Security.)

Signature Guarantee: ___________________________________________________________
                               (Signature must be guaranteed)

     Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

<PAGE>

                                                                       EXHIBIT A

                      [FORM OF FACE OF EXCHANGE SECURITY*]

________________________

*/ [If the Security is to be issued in global form add the Global Securities
Legend from Exhibit 1 to Appendix A and the attachment from such Exhibit 1
captioned "[TO BE ATTACHED TO GLOBAL SECURITIES] - SCHEDULE OF INCREASES OR
DECREASES IN GLOBAL SECURITY".]

<PAGE>

                                                                             2

No.____________________                                           $___________

                  Floating Rate Senior Secured Notes Due 2010

     Roto-Rooter, Inc., a Delaware corporation, promises to pay to
____________________, or registered assigns, the principal sum of _____________
Dollars on February 24, 2010.

     Interest Payment Dates: February 15, May 15, August 15 and November 15.

     Record Dates: February 1, May 1, August 1 and November 1.

     Additional provisions of this Security are set forth on the other side of
this Security.

Dated:

                                              Roto-Rooter, Inc.

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

TRUSTEE'S CERTIFICATE OF
     AUTHENTICATION

WELLS FARGO BANK, N.A.
  as Trustee, certifies
    that this is one of
    the Securities referred
    to in the Indenture.
  By
     -------------------------------
     Authorized Signatory

<PAGE>

                                                                               3

                  [FORM OF REVERSE SIDE OF EXCHANGE SECURITY]

                  Floating Rate Senior Secured Note Due 2010

1.   INTEREST

         Roto-Rooter, Inc., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being herein
called the "Company"), promises to pay interest on the principal amount of this
Security at a rate equal to LIBOR for the applicable Interest Period plus 3.75%
per annum; provided, however, that if a Registration Default (as defined in the
Registration Rights Agreement) occurs, additional interest will accrue on this
Security at a rate of 0.25% per annum for the first 90 days following a
Registration Default, at a per annum rate of 0.50% for the second 90 days
following a Registration Default, at a per annum rate of 0.75% for the third 90
days following a Registration Default and at a per annum rate of 1.0% thereafter
from and including the date on which any such Registration Default shall occur
to but excluding the date on which all Registration Defaults have been cured.
The Company will pay interest quarterly on February 15, May 15, August 15 and
November 15 of each year, commencing on May 15, 2004. Interest on the Securities
will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from February 24, 2004. Interest will be computed on the
basis of actual days outstanding of a 360-day year. The Company will pay
interest on overdue principal at the rate borne by this Security plus 1.0% per
annum, and it will pay interest on overdue installments of interest at the same
rate to the extent lawful.

         LIBOR for the initial Interest Period will be 1.13% per annum. The
Trustee will determine LIBOR for each Interest Period following the initial
Interest Period, on the second London Business Day prior to the first day of
such Interest Period (each a "LIBOR Determination Date"). For purposes of
calculating LIBOR, a London Business Day is any day on which dealings in
deposits in United States dollars are transacted in the London interbank market.
LIBOR shall be determined by the Trustee in accordance with the following
provisions:

<PAGE>

                                                                               4

     (i) "LIBOR" means, as of any LIBOR Determination Date, the rate for
deposits in the United States dollars for a three-month period which appears on
Telerate Page 3750 (as defined in the 1987 Interest Rate and Currency Exchange
Definitions published by the International Swap Dealers Association, Inc., or
such other page as may replace such Telerate Page 3750) as of 11:00 a.m., London
time, on such date, and

     (ii) If, on any LIBOR Determination Date, such rate does not appear on
Telerate Page 3750 (or such other page as may replace such Telerate Page 3750),
the rate for that LIBOR Determination Date will be determined on the basis of
the rates at which deposits in the United States dollars are offered by four
reference banks selected by the Trustee at approximately 11:00 a.m., London
time, on that day to prime banks in the London interbank market for a three-
month period. The Trustee will request the principal London office of each such
bank to provide a quotation of its rate. If at least two such quotations are
provided as requested, the rate for that day will be the arithmetic mean of the
quotations. If fewer than two quotations are provided as requested, the rate for
that day will be the arithmetic mean of the rates quoted by major banks in New
York City, selected by the Trustee, at approximately 11:00 a.m., New York City
time, on that day for loans in United States dollars to leading European banks
for a three-month period. All percentages resulting from a calculation in this
clause (ii) shall be rounded, if necessary, to the nearest one thirty-second of
a percentage point.

2.  METHOD OF PAYMENT

     The Company will pay interest on the Securities (except defaulted interest)
to the Persons who are registered holders of Securities at the close of business
on the February 1, May 1, August 1 or November 1 next preceding the interest
payment date even if Securities are canceled after the record date and on or
before the interest payment date. Holders must surrender Securities to a Paying
Agent to collect principal payments. The Company will pay principal and interest
in money of the United States that at the time of payment is legal tender for
payment of public and private debts. Payments in respect of the Securities
represented by a Global Security (including principal, premium and interest)
will be made by wire transfer of immediately available funds to the accounts
specified by The Depository Trust Company. The

<PAGE>

                                                                               5

Company will make all payments in respect of a certificated Security (including
principal, premium and interest) by mailing a check to the registered address of
each Holder thereof; provided, however, that payments on a certificated Security
will be made by wire transfer to a U.S. dollar account maintained by the payee
with a bank in the United States if such Holder elects payment by wire transfer
by giving written notice to the Trustee or the Paying Agent to such effect
designating such account no later than 30 days immediately preceding the
relevant due date for payment (or such other date as the Trustee may accept in
its discretion).

3.   PAYING AGENT AND REGISTRAR

          Initially, Wells Fargo Bank, N.A., a national banking association (the
"Trustee"), will act as Paying Agent and Registrar. The Company may appoint and
change any Paying Agent, Registrar or co-registrar without notice. The Company
or any of its domestically incorporated Wholly Owned Subsidiaries may act as
Paying Agent, Registrar or co-registrar.

4.   INDENTURE

          The Company issued the Securities under an Indenture dated as of
February 24, 2004 ("Indenture"), among the Company, the Subsidiary Guarantors
and the Trustee. The terms of the Securities include those stated in the
Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939 (15 U.S.C. {section}{section} 77aaa-77bbbb) as in effect
on the date of the Indenture (the "Act"). Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture. The
Securities are subject to all such terms, and Securityholders are referred to
the Indenture and the Act for a statement of those terms.

          The Securities are general secured obligations of the Company. The
Company shall be entitled, subject to its compliance with Section 4.03 of the
Indenture, to issue Additional Securities pursuant to Section 2.13 of the
Indenture. The Initial Securities issued on the Issue Date, any Additional
Securities and all Exchange Securities issued in exchange therefor will be
treated as a single class for all purposes under the Indenture. The Indenture
contains covenants that limit the ability of the Company and its subsidiaries
to incur additional indebtedness; pay

<PAGE>

                                                                               6

dividends or distributions on, or redeem or repurchase capital stock; make
investments; issue or sell capital stock of subsidiaries; engage in transactions
with affiliates; create liens on assets; transfer or sell assets; restrict
dividends or other payments of subsidiaries; consolidate, merge or transfer all
or substantially all of its assets and the assets of its subsidiaries; engage in
sale/leaseback transactions; and impair the Collateral. These covenants are
subject to important exceptions and qualifications.

5.   OPTIONAL REDEMPTION

          At any time, the Company shall be entitled to redeem all or a portion
of the Securities on one or more occasions, on not less than 30 nor more than 60
days' prior notice, at the following redemption prices (expressed as percentages
of principal amount on the redemption date), plus accrued and unpaid interest
to, but excluding, the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest, if any, due on the
relevant interest payment date), if redeemed during the 12-month period
commencing on February 24 of the years set forth below:

<TABLE>
<CAPTION>
              REDEMPTION
   YEAR         PRICE
----------    ----------
<S>           <C>
2004           101.000%
2005 and       102.000%
thereafter
</TABLE>

6.   NOTICE OF REDEMPTION

          Notice of redemption will be mailed at least 30 days but not more than
60 days before the redemption date to each Holder of Securities to be redeemed
at his registered address. Securities in denominations larger than $1,000
principal amount may be redeemed in part but only in whole multiples of $1,000.
If money sufficient to pay the redemption price of and accrued interest on all
Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date interest ceases to accrue
on such Securities (or such portions thereof) called for redemption.

<PAGE>

                                                                               7

          Any notice of redemption may provide that the redemption will be
subject to specified conditions, provided, that such conditions are not solely
within the Company's control.

7.   PUT PROVISIONS

          Upon a Change of Control, any Holder of Securities will have the right
to cause the Company to repurchase all or any part of the Securities of such
Holder at a repurchase price equal to 101% of the principal amount of the
Securities to be repurchased plus accrued and unpaid interest to, but excluding,
the date of repurchase (subject to the right of holders of record on the
relevant record date to receive interest due on the related interest payment
date) as provided in, and subject to the terms of, the Indenture.

8.   GUARANTEE

          The payment by the Company of the principal of, and premium and
interest on, the Securities is fully and unconditionally guaranteed on a joint
and several senior secured basis by each of the Subsidiary Guarantors to the
extent set forth in the Indenture.

9.   SECURITY

          The payment by the Company of the principal of, and premium and
interest on, the Securities will be secured by the collateral that secures the
Credit Agreement Obligations, on a first-priority basis equally and ratably with
all Credit Agreement Obligations, subject to the terms of the Collateral Sharing
Agreement.

10.  DENOMINATIONS; TRANSFER; EXCHANGE

          The Securities are in registered form without coupons in denominations
of $1,000 principal amount and whole multiples of $1,000. A Holder may transfer
or exchange Securities in accordance with the Indenture. The Registrar may
require a Holder, among other things, to furnish appropriate endorsements or
transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not register the transfer of or exchange any
Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be

<PAGE>

                                                                               8

redeemed) or any Securities for a period of 15 days before a selection of
Securities to be redeemed or 15 days before an interest payment date.

11.  PERSONS DEEMED OWNERS

          The registered Holder of this Security may be treated as the owner of
it for all purposes.

12.  UNCLAIMED MONEY

          If money for the payment of principal or interest remains unclaimed
for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

13.  DISCHARGE AND DEFEASANCE

          Subject to certain conditions, the Company at any time shall be
entitled to terminate some or all of its obligations under the Securities and
the Indenture if the Company deposits with the Trustee money or U.S. Government
Obligations, the principal of and interest on which will be sufficient, or a
combination thereof sufficient, to pay the principal of and premium (if any) and
interest on the Securities to maturity or redemption, as the case may be. If the
Company exercises its legal defeasance option or its covenant defeasance option,
each Subsidiary Guarantor, if any, shall be released from all its obligations
with respect to its Subsidiary Guarantee and the Security Documents.

14.  AMENDMENT; WAIVER

          Subject to certain exceptions set forth in the Indenture, (1) the
Indenture and the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (2) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Securityholder, the Company, the Subsidiary
Guarantors and the Trustee shall be entitled to amend the Indenture, the
Security

<PAGE>

                                                                               9

Documents, the Collateral Sharing Agreement or the Securities to cure any
ambiguity, omission, defect or inconsistency, or to comply with Article 5 of the
Indenture, or to provide for uncertificated Securities in addition to or in
place of certificated Securities, or to add guarantees with respect to the
Securities or to secure the Securities, or to add additional covenants or
surrender rights and powers conferred on the Company, or to comply with any
request of the SEC in connection with qualifying the Indenture under the Act, or
to make any change that does not adversely affect the rights of any
Securityholder.

15.  DEFAULTS AND REMEDIES

          Under the Indenture, Events of Default include (a) default for 30 days
in payment of interest on the Securities; (b) default in payment of principal on
the Securities at maturity, upon optional redemption, upon declaration of
acceleration or otherwise, or failure by the Company to purchase Securities when
required; (c) failure by the Company to comply with certain other agreements in
the Indenture or the Securities, in certain cases subject to notice and lapse of
time; (d) certain accelerations (including failure to pay within any grace
period after final maturity) of other Indebtedness of the Company or the
Significant Subsidiaries if the amount accelerated (or so unpaid) exceeds $5.0
million; (e) certain events of bankruptcy or insolvency with respect to the
Company and the Significant Subsidiaries; (f) certain judgments or decrees for
the payment of money in excess of $5.0 million; (g) certain defaults with
respect to Subsidiary Guaranties; and (h) certain defaults relating to the
Collateral under the Security Documents. If an Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of
the Securities may declare all the Securities to be due and payable immediately.
Certain events of bankruptcy or insolvency are Events of Default which will
result in the Securities being due and payable immediately upon the occurrence
of such Events of Default.

          Securityholders may not enforce the Indenture or the Securities except
as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives indemnity or security satisfactory to it.
Subject to certain limitations, Holders of a majority in principal amount of the
Securities may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Securityholders

<PAGE>

                                                                              10

notice of any continuing Default (except a Default in payment of principal or
interest) if it determines that withholding notice is in the interest of the
Holders.

16.  Trustee Dealings with the Company

          Subject to certain limitations imposed by the Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

17.  NO RECOURSE AGAINST OTHERS

          A director, officer, employee or stockholder, as such, of the Company
or the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Securityholder waives and releases all such liability. The waiver and
release are part of the consideration for the issue of the Securities.

18.  AUTHENTICATION

          This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

19.  ABBREVIATIONS

          Customary abbreviations may be used in the name of a Securityholder or
an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

20.  CUSIP NUMBERS

          Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP

<PAGE>

                                                                              11

numbers in notices of redemption as a convenience to Securityholders. No
representation is made as to the accuracy of such numbers either as printed on
the Securities or as contained in any notice of redemption and reliance may be
placed only on the other identification numbers placed thereon.

21.  GOVERNING LAW

          THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          The Company will furnish to any Securityholder upon written request
and without charge to the Security holder a copy of the Indenture which has in
it the text of this Security in larger type. Requests may be made to:

          Roto-Rooter, Inc.
          255 East Fifth Street
          Cincinnati, Ohio  45202
          Facsimile:  (513) 287-6216

          Attention:  General Counsel

<PAGE>

                                                                              12

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

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

         (Print or type assignee's name, address and zip code)

         (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint                   agent to transfer this Security on
the books of the Company.  The agent may substitute another to act for him.

________________________________________________________________________________

Date:____________________ Your Signature:_______________________________________

________________________________________________________________________________

Sign exactly as your name appears on the other side of this Security.

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.06 or 4.10 of the Indenture, check the box:

                                      [ ]

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.06 or 4.10 of the Indenture, state the
principal amount: $

Date: __________________         Your Signature:_______________________________S
                                                (Sign exactly as your
                                                 name appears on the
                                                 other side of this
                                                 Security.)

Signature Guarantee: ________________________________________________________
                               (Signature must be guaranteed)

Signatures must be guaranteed by an "eligible guarantor institution" meeting
the requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

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