Document:

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                                                                   EXHIBIT 10.15

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                          REGISTRATION RIGHTS AGREEMENT

                            Dated as of June 26, 2003

                                  By and Among

                                MOBILE MINI, INC.

                                       and

                           THE GUARANTORS NAMED HEREIN
                                   as Issuers,

                                       and

                         DEUTSCHE BANK SECURITIES INC.,

                            CIBC WORLD MARKETS CORP.,

                           J.P. MORGAN SECURITIES INC.

                                       and

                             FLEET SECURITIES, INC.
                              as Initial Purchasers

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                                  $150,000,000

                          9 1/2% SENIOR NOTES DUE 2013

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                                TABLE OF CONTENTS

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<S>                                                                                                         <C>
1.       DEFINITIONS.......................................................................................   1

2.       EXCHANGE OFFER....................................................................................   5

3.       SHELF REGISTRATION................................................................................   9

4.       ADDITIONAL INTEREST...............................................................................  10

5.       REGISTRATION PROCEDURES...........................................................................  12

6.       REGISTRATION EXPENSES.............................................................................  21

7.       INDEMNIFICATION...................................................................................  22

8.       RULE 144 AND 144A.................................................................................  25

9.       UNDERWRITTEN REGISTRATIONS........................................................................  26

10.      MISCELLANEOUS.....................................................................................  26

         (a)      No Inconsistent Agreements...............................................................  26
         (b)      Adjustments Affecting Registrable Securities.............................................  26
         (c)      Amendments and Waivers...................................................................  26
         (d)      Notices..................................................................................  27
         (e)      Successors and Assigns...................................................................  28
         (f)      Counterparts.............................................................................  28
         (g)      Headings.................................................................................  28
         (h)      Governing Law............................................................................  28
         (i)      Severability.............................................................................  28
         (j)      Securities Held by the Issuers or their Affiliates.......................................  29
         (k)      Third Party Beneficiaries................................................................  29
         (l)      Entire Agreement.........................................................................  29
</TABLE>

Schedule 1          Guarantors

                                       -i-

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                          REGISTRATION RIGHTS AGREEMENT

                  This Registration Rights Agreement (the "Agreement") is dated
as of June 26, 2003 by and among Mobile Mini, Inc., a Delaware corporation (the
"Company"), the Guarantors listed on Schedule 1 hereto (the "Guarantors" and,
together with the Company, the "Issuers") and Deutsche Bank Securities Inc.,
CIBC World Markets Corp., J.P. Morgan Securities Inc. and Fleet Securities, Inc.
(the "Initial Purchasers").

                  This Agreement is entered into in connection with the Purchase
Agreement, dated as of June 26, 2003, by and among the Issuers and the Initial
Purchasers (the "Purchase Agreement") that provides for the sale by the Company
to the Initial Purchasers of $150,000,000 aggregate principal amount of the
Company's 9 1/2% Senior Notes due 2013 (the "Notes"). The Notes will be
guaranteed (the "Guarantees") on a senior basis by the Guarantors. The Notes and
the Guarantees together are herein referred to as the "Securities." In order to
induce the Initial Purchasers to enter into the Purchase Agreement, the Issuers
have agreed to provide the registration rights set forth in this Agreement for
the benefit of the Initial Purchasers and their direct and indirect transferees
and assigns. The execution and delivery of this Agreement is a condition to the
Initial Purchasers' obligation to purchase the Securities under the Purchase
Agreement.

                  The parties hereby agree as follows:

1.       DEFINITIONS

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

                  Additional Interest: See Section 4(a) hereof.

                  Advice: See the last paragraph of Section 5 hereof.

                  Agreement: See the introductory paragraphs hereto.

                  Applicable Period: See Section 2(b) hereof.

                  Business Day: Any day that is not a Saturday, Sunday or a day
on which banking institutions in New York are authorized or required by law to
be closed.

                  Company: See the introductory paragraphs hereto.

                  Effectiveness Date: The date that is (i) 180 days after the
Issue Date and (ii) with respect to any Shelf Registration Statement, the 180th
day after the delivery of a Shelf Notice as required pursuant to Section 2(c)
hereof; provided, however, that if the Effec-

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                                       -2-

tiveness Date would otherwise fall on a day that is not a Business Day, then the
Effectiveness Date shall be the next succeeding Business Day.

                  Effectiveness Period: See Section 3(a) hereof.

                  Event Date: See Section 4(b) hereof.

                  Exchange Act: The Securities Exchange Act of 1934, as amended,
and the rules and regulations of the SEC promulgated thereunder.

                  Exchange Notes: See Section 2(a) hereof.

                  Exchange Offer: See Section 2(a) hereof.

                  Exchange Offer Registration Statement: See Section 2(a)
hereof.

                  Exchange Securities: See Section 2(a) hereof.

                  Filing Date: (A) If no Exchange Offer Registration Statement
has been filed by the Issuers pursuant to this Agreement, the 90th day after the
Issue Date; and (B) with respect to a Shelf Registration Statement Statement,
the 90th day after the delivery of a Shelf Notice as required pursuant to
Section 2(c) hereof; provided, however, that if the Filing Date would otherwise
fall on a day that is not a Business Day, then the Filing Date shall be the next
succeeding Business Day.

                  Guarantees: See the introductory paragraphs hereto.

                  Guarantors: See the introductory paragraphs hereto.

                  Holder: Any holder of a Registrable Security or Registrable
Securities.

                  Indemnified Person: See Section 7(c) hereof.

                  Indemnifying Person: See Section 7(c) hereof.

                  Indenture: The Indenture, dated as of June 26, 2003, by and
among the Issuers and Wells Fargo Bank Minnesota, N.A., as Trustee, pursuant to
which the Securities are being issued, as amended or supplemented from time to
time in accordance with the terms thereof.

                  Initial Purchasers: See the introductory paragraphs hereto.

                  Inspectors: See Section 5(o) hereof.

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                  Issue Date: The date on which the Securities were sold to the
Initial Purchasers pursuant to the Purchase Agreement.

                  Issuers: See the introductory paragraphs hereto.

                  NASD: See Section 5(t) hereof.

                  Notes: See the introductory paragraphs hereto.

                  Offering Memorandum: The final offering memorandum of the
Company dated June 26, 2003, in respect of the offering of the Securities.

                  Participant: See Section 7(a) hereof.

                  Participating Broker-Dealer: See Section 2(a) hereof.

                  Person: An individual, trustee, corporation, partnership,
limited liability company, joint stock company, trust, unincorporated
association, union, business association, firm or other legal entity.

                  Private Exchange: See Section 2(b) hereof.

                  Private Exchange Notes: See Section 2(b) hereof.

                  Private Exchange Securities: See Section 2(b) hereof.

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

                  Purchase Agreement: See the introductory paragraphs hereto.

                  Records: See Section 5(o) hereof.

                  Registrable Securities: Each Security upon original issuance
of the Securities and at all times subsequent thereto, each Exchange Security
(and the related Guarantee) as to which Section 2(c)(v) hereof is applicable
upon original issuance and at all times subsequent thereto and each Private
Exchange Security (and the related Guarantee) upon original issu-

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                                       -4-

issuance thereof and at all times subsequent thereto, until in the case of any
such Security, Exchange Security or Private Exchange Security, as the case may
be, the earliest to occur of (i) a Registration Statement (other than, with
respect to any Exchange Security as to which Section 2(c)(v) hereof is
applicable, the Exchange Offer Registration Statement) covering such Security,
Exchange Security or Private Exchange Security (and the related Guarantees), as
the case may be, has been declared effective by the SEC and such Security,
Exchange Security or Private Exchange Security (and the related Guarantees), as
the case may be, has been disposed of in accordance with such effective
Registration Statement, (ii) such Security, Exchange Security or Private
Exchange Security, as the case may be, is sold in compliance with Rule 144,
(iii) such Security has been exchanged for an Exchange Security or Exchange
Securities pursuant to an Exchange Offer and is entitled to be resold without
complying with the prospectus delivery requirements of the Securities Act and
(iv) such Security, Exchange Security or Private Exchange Security (and the
related Guarantees), as the case may be, ceases to be outstanding for purposes
of the Indenture.

                  Registration Statement: Any registration statement of the
Company, including, but not limited to, the Exchange Offer Registration
Statement and any registration statement filed in connection with a Shelf
Registration Statement, filed with the SEC pursuant to the provisions of this
Agreement, including the Prospectus, amendments and supplements to such
registration statement, including post-effective amendments, all exhibits and
all material incorporated by reference or deemed to be incorporated by reference
in such registration statement.

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

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

                  Rule 415: Rule 415 promulgated under the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the SEC.

                  SEC: The Securities and Exchange Commission.

                  Securities: See the introductory paragraphs hereto.

                  Securities Act: The Securities Act of 1933, as amended, and
the rules and regulations of the SEC promulgated thereunder.

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                                       -5-

                  Shelf Notice: See Section 2(c) hereof.

                  Shelf Registration Statement: See Section 3(a) hereof.

                  TIA: The Trust Indenture Act of 1939, as amended.

                  Trustee: The trustee under the Indenture and the trustee (if
any) under any indenture governing the Exchange Securities and Private Exchange
Securities.

                  Underwritten registration or underwritten offering: A
registration in which securities of the Company are sold to an underwriter for
reoffering to the public.

                  Except as otherwise specifically provided, all references in
this Agreement to acts, laws, statutes, rules, regulations, releases, forms,
no-action letters and other regulatory requirements (collectively, "Regulatory
Requirements") shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement thereto having
substantially the same effect therewith; provided that Rule 144 shall not be
deemed to amend or replace Rule 144A.

2.       EXCHANGE OFFER

                  (a)      The Issuers shall file with the SEC, to the extent
not prohibited by any applicable law or applicable interpretation of the staff
of the SEC no later than the Filing Date, a Registration Statement on an
appropriate registration form (the "Exchange Offer Registration Statement") with
respect to a registered offer (the "Exchange Offer") to exchange any and all of
the Registrable Securities (other than the Private Exchange Securities, if any)
for a like aggregate principal amount of debt securities of the Company that are
identical in all material respects to the Securities ( the "Exchange Notes" and,
together with the guarantees thereon, the "Exchange Securities") (and that are
entitled to the benefits of the Indenture or a trust indenture that is identical
in all material respects to the Indenture (other than such changes to the
Indenture or any such identical trust indenture as are necessary to comply with
any requirements of the SEC to effect or maintain the qualification thereof
under the TIA) and that, in either case, has been qualified under the TIA),
except that the Exchange Securities (other than Private Exchange Securities, if
any) shall have been registered pursuant to an effective Registration Statement
under the Securities Act and shall contain no restrictive legend thereon. The
Exchange Offer shall comply with all applicable tender offer rules and
regulations under the Exchange Act. The Issuers agree to use their reasonable
best efforts to (x) cause the Exchange Offer Registration Statement to be
declared effective under the Securities Act on or before the Effectiveness Date;
(y) keep the Exchange Offer open for not less than 30 days (or longer if
required by applicable law) after the date that notice of the Exchange Offer is
mailed to Holders; and (z) consummate the Exchange Offer on or prior to the
210th day following the Issue Date; provided, however, that if such 210th day
would otherwise fall on a day that is not a Business Day, then such Exchange
Offer must be consummated not later than

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the next succeeding Business Day. If after such Exchange Offer Registration
Statement is declared effective by the SEC, the Exchange Offer or the issuance
of the Exchange Securities thereunder is interfered with by any stop order,
injunction or other order or requirement of the SEC or any other governmental
agency or court, such Exchange Offer Registration Statement shall be deemed not
to have become effective for purposes of this Agreement during the period of
such interference until the Exchange Offer may legally resume.

                  Each Holder (including, without limitation, each Participating
Broker-Dealer) who participates in the Exchange Offer will be required to
represent to the Issuers in writing (i) that any Exchange Securities received by
it will be acquired in the ordinary course of its business, (ii) that at the
time of the commencement of the Exchange Offer such Holder has no arrangement or
understanding with any Person to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Securities in violation of the
provisions of the Securities Act, (iii) that such Holder is not an "affiliate"
(as defined in Rule 405 promulgated under the Securities Act) of the Company or
the Guarantors within the meaning of the Securities Act and is not acting on
behalf of any persons or entities who could not truthfully make the foregoing
representations, (iv) if such Holder is not a broker-dealer, that it is not
engaged in, and does not intend to engage in, the distribution of Exchange
Securities, and (v) if such Holder is a broker-dealer (a "Participating
Broker-Dealer"), that it will receive Exchange Securities for its own account in
exchange for Securities that were acquired as a result of market-making or other
trading activities and that it will deliver a prospectus in connection with any
resale of such Exchange Securities.

                  Upon consummation of the Exchange Offer in accordance with
this Section 2, the provisions of this Agreement shall continue to apply,
mutatis mutandis, solely with respect to Registrable Securities that are Private
Exchange Securities and Exchange Securities held by Participating
Broker-Dealers, and the Company shall have no further obligation to register
Registrable Securities (other than Private Exchange Securities and other than in
respect of any Exchange Securities as to which clause 2(c)(v) hereof applies)
pursuant to Section 3 hereof. No securities other than the Exchange Securities
shall be included in the Exchange Offer Registration Statement.

                  (b)      The Issuers shall include within the Prospectus
contained in the Exchange Offer Registration Statement a section entitled "Plan
of Distribution," reasonably acceptable to the Initial Purchasers, that shall
contain a summary statement of the positions taken or policies made by the staff
of the SEC with respect to the potential "underwriter" status of any
Participating Broker-Dealer that is the beneficial owner (as defined in Rule
13d-3 under the Exchange Act) of Exchange Securities received by such
Participating Broker-Dealer in the Exchange Offer, whether such positions or
policies have been publicly disseminated by the staff of the SEC or such
positions or policies, in the judgment of the Initial Purchasers, represent the
prevailing views of the staff of the SEC. Such "Plan of Distribution" section
shall also expressly permit, to the extent permitted by applicable policies and

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regulations of the SEC, the use of the Prospectus by all Persons subject to the
prospectus delivery requirements of the Securities Act, including to the extent
permitted by applicable policies and regulations of the SEC, all Participating
Broker-Dealers, and include a statement describing the means by which
Participating Broker-Dealers may resell the Exchange Securities in compliance
with the Securities Act.

                  The Issuers shall use their respective reasonable best efforts
to keep the Exchange Offer Registration Statement effective and to amend and
supplement the Prospectus contained therein in order to permit such Prospectus
to be lawfully delivered by all Persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as is necessary to
comply with applicable law in connection with any resale of the Exchange
Securities covered thereby; provided, however, that such period shall not be
required to exceed 90 days or such longer period if extended pursuant to the
last paragraph of Section 5 hereof (the "Applicable Period").

                  If, prior to consummation of the Exchange Offer, any Initial
Purchaser holds any Securities acquired by it and having, or that are reasonably
likely to be determined to have, the status of an unsold allotment in the
initial distribution, the Issuers, upon the request of such Initial Purchaser
simultaneously with the delivery of the Exchange Securities in the Exchange
Offer, shall issue and deliver to such Initial Purchaser in exchange (the
"Private Exchange") for such Securities held by such Initial Purchaser a like
principal amount of debt securities of the Issuers that are identical in all
material respects to the Exchange Securities (the "Private Exchange Notes" and,
together with the guarantees thereon, the "Private Exchange Securities"), except
for the placement of a restrictive legend on such Private Exchange Securities.
The Private Exchange Securities shall be issued pursuant to the same indenture
as the Exchange Securities and bear the same CUSIP number as the Exchange
Securities if permitted by the CUSIP Service Bureau.

                  Interest on each Exchange Note will accrue (A) from the later
of (i) the last interest payment date on which interest was paid on the Note
surrendered in exchange therefor, or (ii) if the Note is surrendered for
exchange on a date in a period that includes the record date for an interest
payment date to occur on or after the date of such exchange and as to which
interest will be paid, the date of such interest payment date or (B) if no
interest has been paid on such Note, from the Issue Date.

                  In connection with the Exchange Offer, the Issuers shall:

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

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                                      -8-

                  (2)      use their respective reasonable best efforts to keep
         the Exchange Offer open for not less than 30 days after the date that
         notice of the Exchange Offer is mailed to Holders (or longer if
         required by applicable law);

                  (3)      utilize the services of a depositary for the Exchange
         Offer with an address in the Borough of Manhattan, The City of New
         York;

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

                  (5)      otherwise comply in all material respects with all
         applicable laws, rules and regulations.

                  As soon as practicable after the close of the Exchange Offer
or the Private Exchange, as the case may be, the Issuers shall:

                  (1)      accept for exchange all Registrable Securities
         properly tendered and not validly withdrawn pursuant to the Exchange
         Offer or the Private Exchange;

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

                  (3)      cause the Trustee to authenticate and deliver
         promptly to each Holder of Securities, Exchange Securities or Private
         Exchange Securities, as the case may be, equal in principal amount to
         the Securities of such Holder so accepted for exchange; provided that,
         in the case of any Notes held in global form by a depositary,
         authentication and delivery to such depositary of one or more
         replacement Notes in global form in an equivalent principal amount
         thereto for the account of such Holders in accordance with the
         Indenture shall satisfy such authentication and delivery requirement.

                  The Exchange Securities and the Private Exchange Securities
may be issued under (i) the Indenture or (ii) an indenture identical in all
material respects to the Indenture, which in either event has been qualified
under the TIA or is exempt from such qualification and shall provide that (1)
the Exchange Securities shall not be subject to the transfer restrictions set
forth in the Indenture and (2) the Private Exchange Securities shall be subject
to the transfer restrictions set forth in the Indenture. The Indenture or such
indenture described in (ii) above shall provide that the Exchange Securities,
the Private Exchange Securities and the Securities shall vote and consent
together on all matters as one class and that none of the Exchange Securities,
the Private Exchange Securities or the Securities will have the right to vote or
consent as a separate class on any matter.

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                                      -9-

                  (c)      If, (i) because of any change in law or in currently
prevailing interpretations of the staff of the SEC, the Issuers are not
permitted to effect an Exchange Offer, (ii) the Exchange Offer is not
consummated within 210 days of the Issue Date; provided, however, that if such
210th day would otherwise fall on a day that is not a Business Day, then such
Exchange Offer must be consummated not later than the next succeeding Business
Day (provided that if the Exchange Offer shall be consummated after such 210-day
period, then the Issuers' obligation under this clause (ii) arising from the
failure of the Exchange Offer to be consummated within such 210-day period shall
terminate), (iii) the holder of Private Exchange Securities so requests at any
time within 90 days after the consummation of the Private Exchange, (iv) because
of any changes in law or in currently prevailing interpretations of the staff of
the SEC, a Holder (other than an Initial Purchaser holding Securities acquired
directly from the Issuers) is not permitted to participate in the Exchange Offer
or (v) in the case of any Holder that participates in the Exchange Offer, such
Holder does not receive Exchange Securities on the date of the exchange that may
be sold without restriction under state and federal securities laws (other than
due solely to the status of such Holder as an affiliate of the Company or any of
the Guarantors within the meaning of the Securities Act), then the Company shall
promptly deliver written notice thereof (the "Shelf Notice") to the Trustee and
in the case of clauses (i), (ii) and (iv), all Holders, in the case of clause
(iii), the Holders of the Private Exchange Securities and in the case of clause
(v), the affected Holder, shall file a Shelf Registration Statement pursuant to
Section 3 hereof.

3.       SHELF REGISTRATION

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

                  (a)      Shelf Registration. The Issuers shall file with the
         SEC a Registration Statement for an offering to be made on a continuous
         basis pursuant to Rule 415 covering all of the Registrable Securities
         not exchanged in the Exchange Offer, Private Exchange Notes and
         Exchange Notes as to which Section 2(c)(iv) is applicable (the "Shelf
         Registration Statement"). The Issuers shall use their respective
         reasonable best efforts to file with the SEC the Shelf Registration
         Statement on or prior to the applicable Filing Date. The Shelf
         Registration Statement shall be on Form S-1 or another appropriate form
         permitting registration of such Registrable Securities for resale by
         Holders in the manner or manners designated by them (including, without
         limitation, one or more underwritten offerings). The Issuers shall not
         permit any securities other than the Registrable Securities to be
         included in the Shelf Registration Statement.

                  The Issuers shall use their respective reasonable best efforts
         to cause the Shelf Registration Statement to be declared effective
         under the Securities Act on or prior to the Effectiveness Date and to
         keep the Shelf Registration Statement continuously effective under the
         Securities Act until the date that is two years from the Issue Date or
         such shorter period ending when all Registrable Securities covered by
         the Shelf Regis-

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                                      -10-

         tration Statement have been sold in the manner set forth and as
         contemplated in the Shelf Registration Statement or cease to be
         outstanding (the "Effectiveness Period"); provided, however, that the
         Effectiveness Period in respect of the Shelf Registration Statement
         shall be extended to the extent required to permit dealers to comply
         with the applicable prospectus delivery requirements of Rule 174 under
         the Securities Act and as otherwise provided herein.

                  In the event that a Shelf Registration Statement is filed, the
         Issuer shall provide to each Holder copies of the prospectus that is
         part of the Shelf Registration Statement, notify each such Holder when
         the Shelf Registration Statement for the Registrable Securities covered
         by the Shelf Registration Statement has become effective and take
         certain other actions as are required to permit unrestricted resales of
         the Registrable Securities covered by the Shelf Registration Statement.
         A Holder that sells Registrable Securities covered by the Shelf
         Registration Statement pursuant to the Shelf Registration Statement
         will be (x) required to be named as a selling security holder in the
         related prospectus and to deliver a prospectus to purchasers, (y)
         subject to certain of the civil liability provisions under the
         Securities Act in connection with such sales and (z) bound by the
         provisions of this Agreement that are applicable to such a Holder
         (including Section 7 hereof).

                  (b)      Withdrawal of Stop Orders. If the Shelf Registration
         Statement ceases to be effective for any reason at any time during the
         Effectiveness Period (other than because of the sale of all of the
         securities registered thereunder), the Issuers shall use their
         reasonable best efforts to obtain the prompt withdrawal of any order
         suspending the effectiveness thereof.

                  (c)      Supplements and Amendments. The Issuers shall
         promptly supplement and amend the Shelf Registration Statement if
         required by the rules, regulations or instructions applicable to the
         registration form used for such Shelf Registration Statement, if
         required by the Securities Act, or if reasonably requested by the
         Holders of a majority in aggregate principal amount of the Registrable
         Securities covered by such Registration Statement or by any underwriter
         of such Registrable Securities.

4.       ADDITIONAL INTEREST

                  (a)      The Issuers and the Initial Purchasers agree that the
Holders of Registrable Securities will suffer damages if the Issuers fail to
fulfill their respective obligations under Section 2 or Section 3 hereof and
that it would not be feasible to ascertain the extent of such damages with
precision. Accordingly, the Issuers agree to pay, as liquidated damages,
additional interest on the Securities ("Additional Interest") under the
circumstances and to the extent set forth below (without duplication):

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                                      -11-

                  (i)      if (A) neither the Exchange Offer Registration
         Statement nor the Shelf Registration Statement has been filed on or
         prior to 90 days after the Issue Date or (B) notwithstanding that the
         Issuers have consummated or will consummate the Exchange Offer, the
         Issuers are required to file a Shelf Registration Statement and such
         Shelf Registration Statement is not filed on or prior to the Filing
         Date applicable thereto, then, commencing on the day after any such
         Filing Date, Additional Interest shall accrue on the Securities over
         and above the stated interest at a rate of 0.5% per annum for the first
         90 days immediately following the Filing Date, such Additional Interest
         rate increasing by an additional 0.5% per annum at the beginning of
         each subsequent 90-day period;

                  (ii)     if (A) neither the Exchange Offer Registration
         Statement nor the Initial Shelf Registration Statement is declared
         effective by the SEC on or prior to 180 days after the Issue Date or
         (B) notwithstanding that the Issuers have consummated or will
         consummate the Exchange Offer, the Issuers are required to file a Shelf
         Registration Statement and such Shelf Registration Statement is not
         declared effective by the SEC on or prior to the 90th day following the
         date such Shelf Registration Statement was filed, then, commencing on
         the day after such required effective date, Additional Interest shall
         accrue on the principal amount of the Notes at a rate of 0.5% per annum
         for the first 90 days immediately following each such filing date, such
         Additional Interest rate increasing by an additional 0.5% per annum at
         the beginning of each subsequent 90-day period; and

                  (iii)    if either (A) the Issuers have not exchanged Exchange
         Notes for all Notes validly tendered in accordance with the terms of
         the Exchange Offer on or prior to the 210th day after the date on which
         the Exchange Offer Registration Statement was declared effective;
         provided, however, that if such 210th day would otherwise fall on a day
         that is not a Business Day, then such Exchange Offer must be
         consummated not later than the next succeeding Business Day or (B) if
         applicable, a Shelf Registration Statement has been declared effective
         and such Shelf Registration Statement ceases to be effective at any
         time prior to the second anniversary of the Issue Date (other than
         after such time as all Notes have been disposed of thereunder), then
         Additional Interest shall accrue on the principal amount of the Notes
         at a rate of 0.5% per annum for the first 90 days commencing on (x) the
         211th day after such effective date, in the case of (A) above, or (y)
         the day such Shelf Registration Statement ceases to be effective, in
         the case of (B) above, such Additional Interest rate increasing by an
         additional 0.5% per annum at the beginning of each such subsequent
         90-day period;

provided, however, that the Additional Interest rate on the Securities may not
accrue under more than one of the foregoing clauses (i) through (iii) of this
Section 4(a) at the same time and at no time shall the aggregate amount of
Additional Interest accruing exceed at any one time in the aggregate 1.0% per
annum; and provided, further, however, that (1) upon the filing

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                                      -12-

of the Exchange Offer Registration Statement or a Shelf Registration Statement
(in the case of clause (i) of this Section 4(a)), (2) upon the effectiveness of
the Exchange Offer Registration Statement or the Shelf Registration Statement
(in the case of clause (ii) of this Section 4(a)), or (3) upon the exchange of
Exchange Securities for all Securities tendered (in the case of clause (iii)(A)
of this Section 4(a)), or upon the effectiveness of the applicable Shelf
Registration Statement that had ceased to remain effective (in the case of
(iii)(B) of this Section 4(a)), Additional Interest on the Securities as a
result of such clause (or the relevant subclause thereof), as the case may be,
shall cease to accrue.

                  (b)      The Issuers shall notify the Trustee within one
Business Day after each and every date on which an event occurs in respect of
which Additional Interest is required to be paid (an "Event Date"). Any amounts
of Additional Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this
Section 4 will be payable in cash semi-annually on each January 1 and July 1,
commencing January 1, 2004, (to the holders of record on the December 15 and
June 15 immediately preceding such dates), the same original interest dates as
the Securities, commencing with the first such date occurring after any such
Additional Interest commences to accrue. The amount of Additional Interest will
be determined by multiplying the applicable Additional Interest rate by the
principal amount of the Registrable Securities, multiplied by a fraction, the
numerator of which is the number of days such Additional Interest rate was
applicable during such period (determined on the basis of a 360-day year
consisting of twelve 30-day months and, in the case of a partial month, the
actual number of days elapsed) and the denominator of which is 360.

5.       REGISTRATION PROCEDURES

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

                  (a)      Prepare and file with the SEC prior to the Filing
         Date, a Registration Statement or Registration Statements as prescribed
         by Sections 2 or 3 hereof, and use its reasonable best efforts to cause
         each such Registration Statement to become effective and remain
         effective as provided herein; provided, however, that, if (1) such
         filing is pursuant to Section 3 hereof or (2) a Prospectus contained in
         an Exchange Offer Registration Statement filed pursuant to Section 2
         hereof is required to be delivered under the Securities Act by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, before filing any Registration Statement
         or Prospectus or any amendments or supplements thereto, the Issuers
         shall furnish to and afford the Holders of the Registrable Securities
         covered by such Registration Statement or each such Participating
         Broker-Dealer, as the case may be, their

<PAGE>

                                      -13-

         counsel and the managing underwriters, if any, a reasonable opportunity
         to review copies of all such documents (including copies of any
         documents to be incorporated by reference therein and all exhibits
         thereto) proposed to be filed (in each case at least three Business
         Days prior to such filing). The Issuers shall not file any Registration
         Statement or Prospectus or any amendments or supplements thereto if the
         Holders of a majority in aggregate principal amount of the Registrable
         Securities covered by such Registration Statement, or any such
         Participating Broker-Dealer, as the case may be, or their counsel, or
         the managing underwriters, if any, shall reasonably object on a timely
         basis.

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

                  (c)      If (1) a Shelf Registration Statement is filed
         pursuant to Section 3 hereof or (2) a Prospectus contained in an
         Exchange Offer Registration Statement filed pursuant to Section 2
         hereof is required to be delivered under the Securities Act by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, the Company shall notify the selling
         Holders of Registrable Securities, or each such Participating
         Broker-Dealer, as the case may be, their counsel and the managing
         underwriters, if any, promptly (but in any event within two Business
         Days) and confirm such notice in writing, (i) when a Prospectus or any
         Prospectus supplement or post-effective amendment has been filed, and,
         with respect to a Registration Statement or any post-effective
         amendment, when the same has become effective under the Securities Act
         (including in such notice a written statement that any Holder

<PAGE>

                                      -14-

         may, upon request, obtain, at the sole expense of the Issuers, one
         conformed copy of such Registration Statement or post-effective
         amendment including financial statements and schedules, documents
         incorporated or deemed to be incorporated by reference and exhibits),
         (ii) of the issuance by the SEC of any stop order suspending the
         effectiveness of a Registration Statement or of any order preventing or
         suspending the use of any preliminary prospectus or the initiation of
         any proceedings for that purpose, (iii) if at any time when a
         prospectus is required by the Securities Act to be delivered in
         connection with sales of the Registrable Securities or resales of
         Exchange Securities by Participating Broker-Dealers the representations
         and warranties of the Issuers contained in any agreement (including any
         underwriting agreement), contemplated by Section 5(n) hereof cease to
         be true and correct, (iv) of the receipt by the Issuers of any
         notification with respect to the suspension of the qualification or
         exemption from qualification of a Registration Statement or any of the
         Registrable Securities or the Exchange Securities to be sold by any
         Participating Broker-Dealer for offer or sale in any jurisdiction, or
         the initiation or written threat of any proceeding for such purpose,
         (v) of the happening of any event, the existence of any condition or
         any information becoming known that makes any statement made in such
         Registration Statement or related Prospectus or any document
         incorporated or deemed to be incorporated therein by reference untrue
         in any material respects or that requires the making of any material
         changes in or amendments or supplements to such Registration Statement,
         Prospectus or documents so that, in the case of the Registration
         Statement, it will not contain any untrue statement of a material fact
         or omit to state any material fact required to be stated therein or
         necessary to make the statements therein not misleading, and that in
         the case of the Prospectus, it will not contain any untrue statement of
         a material fact or omit to state any material fact required to be
         stated therein or necessary to make the statements therein, in the
         light of the circumstances under which they were made, not misleading
         and (vi) of the Issuers' determination that a post-effective amendment
         to a Registration Statement would be appropriate.

                  (d)      Use their respective reasonable best efforts to
         prevent the issuance of any order suspending the effectiveness of a
         Registration Statement or of any order preventing or suspending the use
         of a Prospectus or suspending the qualification (or exemption from
         qualification) of any of the Registrable Securities or the Exchange
         Securities for sale in any jurisdiction and, if any such order is
         issued, to use their reasonable best efforts to obtain the withdrawal
         of any such order at the earliest possible moment.

                  (e)      If a Shelf Registration Statement is filed pursuant
         to Section 3 and if requested by the managing underwriter or
         underwriters, if any, or the Holders of a majority in aggregate
         principal amount of the Registrable Securities being sold in connection
         with an underwritten offering, (i) promptly incorporate in a prospectus
         supplement or post-effective amendment such information as the managing
         underwriter or

<PAGE>

                                      -15-

         underwriters, if any, such Holders or counsel for any of them determine
         is reasonably necessary to be included therein, (ii) make all required
         filings of such prospectus supplement or such post-effective amendment
         as soon as practicable after the Issuers have received notification of
         the matters to be incorporated in such prospectus supplement or
         post-effective amendment and (iii) supplement or make amendments to
         such Registration Statement; provided, however, that the Issuers shall
         not be required to take any action pursuant to this Section 5(e) that
         would, in the opinion of counsel for the Issuers, violate applicable
         law.

                  (f)      If (1) a Shelf Registration Statement is filed
         pursuant to Section 3 hereof or (2) a Prospectus contained in an
         Exchange Offer Registration Statement filed pursuant to Section 2
         hereof is required to be delivered under the Securities Act by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, furnish to each selling Holder of
         Registrable Securities and to each such Participating Broker-Dealer who
         so requests and to their respective counsel and each managing
         underwriter, if any, at the sole expense of the Issuers, one conformed
         copy of the Registration Statement or Registration Statements and each
         post-effective amendment thereto, including financial statements and
         schedules and, if requested, all documents incorporated or deemed to be
         incorporated therein by reference and all exhibits.

                  (g)      If (1) a Shelf Registration Statement is filed
         pursuant to Section 3 hereof or (2) a Prospectus contained in an
         Exchange Offer Registration Statement filed pursuant to Section 2
         hereof is required to be delivered under the Securities Act by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, deliver to each selling Holder of
         Registrable Securities, or each such Participating Broker-Dealer, as
         the case may be, their respective counsel and the underwriters, if any,
         at the sole expense of the Issuers, as many copies of the Prospectus or
         Prospectuses (including each form of preliminary prospectus) and each
         amendment or supplement thereto and any documents incorporated by
         reference therein as such Persons may reasonably request; and, subject
         to the last paragraph of this Section 5, the Issuers hereby consent to
         the use of such Prospectus and each amendment or supplement thereto by
         each of the selling Holders of Registrable Securities or each such
         Participating Broker-Dealer, as the case may be, and the underwriters
         or agents, if any, and dealers, if any, in connection with the offering
         and sale of the Registrable Securities covered by, or the sale by
         Participating Broker-Dealers of the Exchange Securities pursuant to,
         such Prospectus and any amendment or supplement thereto.

                  (h)      Prior to any public offering of Registrable
         Securities or Exchange Securities or any delivery of a Prospectus
         contained in the Exchange Offer Registration Statement by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, to use their reasonable best efforts to
         register or qualify

<PAGE>

                                      -16-

         and to cooperate with the selling Holders of Registrable Securities or
         each such Participating Broker-Dealer, as the case may be, the managing
         underwriter or underwriters, if any, and their respective counsel in
         connection with the registration or qualification (or exemption from
         such registration or qualification) of such Registrable Securities for
         offer and sale under the securities or Blue Sky laws of such
         jurisdictions within the United States as any selling Holder,
         Participating Broker-Dealer or the managing underwriter or underwriters
         reasonably request in writing; provided, however, that where Exchange
         Securities held by Participating Broker-Dealers or Registrable
         Securities are offered other than through an underwritten offering, the
         Issuers agree to cause their counsel to perform Blue Sky investigations
         and file registrations and qualifications required to be filed pursuant
         to this Section 5(h); use their reasonable best efforts to keep each
         such registration or qualification (or exemption therefrom) effective
         during the period such Registration Statement is required to be kept
         effective and do any and all other acts or things reasonably necessary
         or advisable to enable the disposition in such jurisdictions of the
         Exchange Securities held by Participating Broker-Dealers or the
         Registrable Securities covered by the applicable Registration
         Statement; provided, however, that none of the Issuers shall be
         required to (A) qualify generally to do business in any jurisdiction
         where it is not then so qualified, (B) take any action that would
         subject it to general service of process in any such jurisdiction where
         it is not then so subject or (C) subject itself to taxation in any such
         jurisdiction where it is not then so subject.

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

                  (j)      Use their respective reasonable best efforts to cause
         the Registrable Securities covered by the Registration Statement to be
         registered with or approved by such other governmental agencies or
         authorities as may be necessary to enable the Holders thereof or the
         underwriter or underwriters, if any, to consummate the disposition of
         such Registrable Securities, except as may be required solely as a
         consequence of the nature of such selling Holder's business, in which
         case the Issuers will cooperate in all reasonable respects with the
         filing of such Registration Statement and the granting of such
         approvals.

                  (k)      If (1) a Shelf Registration Statement is filed
         pursuant to Section 3 hereof or (2) a Prospectus contained in an
         Exchange Offer Registration Statement filed

<PAGE>

                                      -17-

         pursuant to Section 2 hereof is required to be delivered under the
         Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Securities during the Applicable Period, upon the occurrence
         of any event contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, as
         promptly as practicable, prepare and (subject to Section 5(a) hereof)
         file with the SEC, at the Issuers' sole expense, a supplement or
         post-effective amendment to the Registration Statement or a supplement
         to the related Prospectus or any document incorporated or deemed to be
         incorporated therein by reference, or file any other required document
         so that, as thereafter delivered to the purchasers of the Registrable
         Securities being sold thereunder or to the purchasers of the Exchange
         Securities to whom such Prospectus will be delivered by a Participating
         Broker-Dealer, any such Prospectus will not contain an untrue statement
         of a material fact or omit to state a material fact required to be
         stated therein or necessary to make the statements therein, in the
         light of the circumstances under which they were made, not misleading.

                  (l)      Use its respective reasonable best efforts to cause
         the Registrable Securities covered by a Registration Statement or the
         Exchange Securities, as the case may be, to be rated with the
         appropriate rating agencies, if so requested by the Holders of a
         majority in aggregate principal amount of Registrable Securities
         covered by such Registration Statement or the Exchange Securities, as
         the case may be, or the managing underwriter or underwriters, if any.

                  (m)      Prior to the effective date of the first Registration
         Statement relating to the Registrable Securities, (i) provide the
         Trustee with certificates for the Registrable Securities or Exchange
         Securities, as the case may be, in a form eligible for deposit with
         Euroclear and Clearstream and (ii) provide a CUSIP number for the
         Registrable Securities or Exchange Securities, as the case may be.

                  (n)      In connection with any underwritten offering of
         Registrable Securities pursuant to a Shelf Registration Statement,
         enter into an underwriting agreement as is customary in underwritten
         offerings of debt securities similar to the Securities and take all
         such other actions as are reasonably requested by the managing
         underwriter or underwriters in order to expedite or facilitate the
         registration or the disposition of such Registrable Securities and, in
         such connection, (i) make such representations and warranties to, and
         covenants with, the underwriters with respect to the business of the
         Issuers and their subsidiaries (including any acquired business,
         properties or entity, if applicable) and the Registration Statement,
         Prospectus and documents, if any, incorporated or deemed to be
         incorporated by reference therein, in each case, as are customarily
         made by issuers to underwriters in underwritten offerings of debt
         securities similar to the Securities, and confirm the same in writing
         if and when requested; (ii) obtain the written opinion of counsel to
         the Issuers and written updates thereof in form, scope and substance
         reasonably satisfactory to the managing underwriter or underwriters,
         addressed to the underwriters covering the matters customarily covered
         in opinions re-

<PAGE>

                                      -18-

         quested in underwritten offerings of debt similar to the Securities and
         such other matters as may be reasonably requested by the managing
         underwriter or underwriters; (iii) obtain "cold comfort" letters and
         updates thereof in form, scope and substance reasonably satisfactory to
         the managing underwriter or underwriters from the independent certified
         public accountants of the Issuers (and, if necessary, any other
         independent certified public accountants of any subsidiary of the
         Issuers or of any business acquired by the Issuers for which financial
         statements and financial data are, or are required to be, included or
         incorporated by reference in the Registration Statement), addressed to
         each of the underwriters, such letters to be in customary form and
         covering matters of the type customarily covered in "cold comfort"
         letters in connection with underwritten offerings of debt securities
         similar to the Securities and such other matters as reasonably
         requested by the managing underwriter or underwriters; and (iv) if an
         underwriting agreement is entered into, the same shall contain
         indemnification provisions and procedures no less favorable than those
         set forth in Section 7 hereof (or such other provisions and procedures
         acceptable to Holders of a majority in aggregate principal amount of
         Registrable Securities covered by such Registration Statement and the
         managing underwriter or underwriters or agents) with respect to all
         parties to be indemnified pursuant to said Section. The above shall be
         done at each closing under such underwriting agreement, or as and to
         the extent required thereunder.

                  (o)      If (1) a Shelf Registration Statement is filed
         pursuant to Section 3 hereof or (2) a Prospectus contained in an
         Exchange Offer Registration Statement filed pursuant to Section 2
         hereof is required to be delivered under the Securities Act by any
         Participating Broker-Dealer who seeks to sell Exchange Securities
         during the Applicable Period, upon reasonable advance notice make
         available for inspection by any selling Holder of such Registrable
         Securities being sold, or each such Participating Broker-Dealer, as the
         case may be, any underwriter participating in any such disposition of
         Registrable Securities, if any, and any attorney, accountant or other
         agent retained by any such selling Holder or each such Participating
         Broker-Dealer, as the case may be, or underwriter (collectively, the
         "Inspectors"), at the offices where normally kept, during reasonable
         business hours without interfering in the orderly business of the
         Issuers, all financial and other relevant records, pertinent corporate
         documents and instruments of the Issuers and their subsidiaries
         (collectively, the "Records") as shall be reasonably necessary to
         enable them to exercise any applicable due diligence responsibilities,
         and cause the respective officers, directors and employees of the
         Issuers and their subsidiaries to supply all information reasonably
         requested by any such Inspector in connection with such Registration
         Statement. Any such access granted to the Inspectors under this Section
         5(o) shall be subject to the prior receipt by the Issuers of written
         undertakings, in form and substance reasonably satisfactory to the
         Issuers, to preserve the confidentiality of any information deemed by
         the Issuers to be confidential. Records that the Issuers determine, in
         good faith, to be confidential and any Records that they notify the
         Inspectors are confidential shall not be disclosed

<PAGE>

                                      -19-

         by the Inspectors unless (i) the Issuers based upon advice of counsel
         determine that disclosure of such Records is necessary to avoid or
         correct a material misstatement or omission in such Registration
         Statement, (ii) the release of such Records is ordered pursuant to a
         subpoena or other order from a court of competent jurisdiction, (iii)
         after giving reasonable prior notice to the Company, disclosure of such
         information is, in the opinion of counsel for any Inspector, necessary
         or advisable in connection with any action, claim, suit or proceeding,
         directly or indirectly, involving or potentially involving such
         Inspector and arising out of, based upon, relating to or involving this
         Agreement or any transactions contemplated hereby or arising hereunder
         or (iv) the information in such Records has been made generally
         available to the public. Each selling Holder of such Registrable
         Securities and each such Participating Broker-Dealer will be required
         to agree that information obtained by it as a result of such
         inspections shall be deemed confidential and shall not be used by it as
         the basis for any market transactions in the securities of the Company
         unless and until such information is generally available to the public.
         Each selling Holder of such Registrable Securities and each such
         Participating Broker-Dealer will be required to further agree that it
         will, upon learning that disclosure of such Records is sought in a
         court of competent jurisdiction, give notice to the Company and allow
         the Company to undertake appropriate action to prevent disclosure of
         the Records deemed confidential at the Issuers' sole expense.

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

                  (q)      Comply in all material respects with all applicable
         rules and regulations of the SEC and make generally available to its
         securityholders earning statements satisfying the provisions of Section
         11(a) of the Securities Act and Rule 158 thereunder (or any similar
         rule promulgated under the Securities Act) no later than 45 days after
         the end of any 12-month period (or 90 days after the end of any
         12-month period if such period is a fiscal year) (i) commencing at the
         end of any fiscal quarter in which Registrable Securities are sold to
         underwriters in a firm commitment or reasonable best efforts
         underwritten offering and (ii) if not sold to underwriters in such an
         offering, commencing on the first day of the first fiscal quarter of
         the Issuers after the ef-

<PAGE>

                                      -20-

         fective date of a Registration Statement, which statements shall cover
         said 12-month periods.

                  (r)      Upon consummation of an Exchange Offer or a Private
         Exchange, obtain an opinion of counsel to the Issuers, who may, at the
         Issuers' election, be internal counsel to the Issuers, in a form
         customary for underwritten transactions, addressed to the Trustee for
         the benefit of all Holders of Registrable Securities participating in
         the Exchange Offer or the Private Exchange, as the case may be, that
         the Exchange Securities or Private Exchange Securities, as the case may
         be, and the related indenture constitute legal, valid and binding
         obligations of the Issuers, enforceable against the Issuers in
         accordance with its respective terms, subject to customary exceptions
         and qualifications.

                  (s)      If an Exchange Offer or a Private Exchange is to be
         consummated, upon delivery of the Registrable Securities by Holders to
         the Company (or to such other Person as directed by the Company) in
         exchange for the Exchange Securities or the Private Exchange
         Securities, as the case may be, the Company shall mark, or cause to be
         marked, on such Registrable Securities that such Registrable Securities
         are being cancelled in exchange for the Exchange Securities or the
         Private Exchange Securities, as the case may be; in no event shall such
         Registrable Securities be marked as paid or otherwise satisfied.

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

                  (u)      Use their respective reasonable best efforts to take
         all other steps necessary or advisable to effect the registration of
         the Registrable Securities covered by a Registration Statement
         contemplated hereby.

                  The Issuers may require each seller of Registrable Securities
as to which any registration is being effected to furnish to the Issuers such
information regarding such seller and the distribution of such Registrable
Securities as the Issuers may, from time to time, reasonably request. The
Issuers may exclude from such registration the Registrable Securities of any
seller who unreasonably fails to furnish such information within a reasonable
time after receiving such request and in such event shall have no further
obligation under this Agreement (including, without limitation, obligations
under Section 4 hereof) with respect to such seller or any subsequent holder of
such Registrable Securities. Each seller as to which any Shelf Registration
Statement is being effected agrees to furnish promptly to the Issuers all
information required to be disclosed in order to make the information previously
furnished to the Issuers by such seller not materially misleading.

<PAGE>

                                      -21-

                  Each Holder of Registrable Securities and each Participating
Broker-Dealer agrees by acquisition of such Registrable Securities or Exchange
Securities to be sold by such Participating Broker-Dealer, as the case may be,
that, upon actual receipt of any notice from the Company of the happening of any
event of the kind described in Sections 5(c)(ii), 5(c)(iv), 5(c)(v) or 5(c)(vi)
hereof, such Holder will forthwith discontinue disposition of such Registrable
Securities covered by such Registration Statement or Prospectus or Exchange
Securities to be sold by such Holder or Participating Broker-Dealer, as the case
may be, until such Holder's or Participating Broker-Dealer's receipt of the
copies of the supplemented or amended Prospectus contemplated by Section 5(k)
hereof, or until it is advised in writing (the "Advice") by the Company that the
use of the applicable Prospectus may be resumed, and has received copies of any
amendments or supplements thereto. During any such discontinuance, no Additional
Interest shall accrue or otherwise be payable on the Registrable Securities. In
the event that the Company shall give any such notice, each of the Effectiveness
Period and the Applicable Period shall be extended by the number of days during
such periods from and including the date of the giving of such notice to and
including the date when each seller of Registrable Securities covered by such
Registration Statement or Exchange Securities to be sold by such Participating
Broker-Dealer, as the case may be, shall have received (x) the copies of the
supplemented or amended Prospectus contemplated by Section 5(k) hereof or (y)
the Advice.

6.       REGISTRATION EXPENSES

                  (a)      All fees and expenses incident to the performance of
or compliance with this Agreement by the Issuers shall be borne by the Issuers
whether or not the Exchange Offer or a Shelf Registration Statement is filed or
becomes effective, including, without limitation, (i) all registration and
filing fees (including, without limitation, (A) fees with respect to filings
required to be made with the NASD in connection with an underwritten offering
and (B) fees and expenses of compliance with state securities or Blue Sky laws
(including, without limitation, reasonable fees and disbursements of counsel
(not to exceed $5,000) in connection with Blue Sky qualifications of the
Registrable Securities or Exchange Securities and determination of the
eligibility of the Registrable Securities or Exchange Securities for investment
under the laws of such jurisdictions (x) where the holders of Registrable
Securities are located, in the case of the Exchange Securities, or (y) as
provided in Section 5(h) hereof, in the case of Registrable Securities or
Exchange Securities to be sold by a Participating Broker-Dealer during the
Applicable Period)), (ii) printing expenses, including, without limitation,
expenses of printing certificates for Registrable Securities or Exchange
Securities in a form eligible for deposit with The Depository Trust Company and
of printing prospectuses if the printing of prospectuses is requested by the
managing underwriter or underwriters, if any, by the Holders of a majority in
aggregate principal amount of the Registrable Securities included in any
Registration Statement or sold by any Participating Broker-Dealer, as the case
may be, (iii) reasonable messenger, telephone and delivery expenses, (iv) fees
and disbursements of counsel for the Company and reasonable fees and
disbursements of special counsel

<PAGE>

                                      -22-

for the sellers of Registrable Securities (subject to the provisions of Section
6(b) hereof), (v) fees and disbursements of all independent certified public
accountants referred to in Section 5(n)(iii) hereof (including, without
limitation, the expenses of any special audit and "cold comfort" letters
required by or incident to such performance), (vi) rating agency fees, if any,
and any fees associated with making the Registrable Securities or Exchange
Securities eligible for trading through The Depository Trust Company, (vii)
Securities Act liability insurance, if the Company desires such insurance,
(viii) fees and expenses of all other Persons retained by the Company, (ix)
internal expenses of the Company (including, without limitation, all salaries
and expenses of officers and employees of the Company performing legal or
accounting duties), (x) the expense of any annual audit, (xi) the fees and
expenses incurred in connection with the listing of the securities to be
registered on any securities exchange, if applicable, and (xii) the expenses
relating to printing, word processing and distributing of all Registration
Statements, underwriting agreements, securities sales agreements, indentures and
any other documents necessary to comply with this Agreement.

                  (b)      The Issuers shall reimburse the Holders of the
Registrable Securities being registered in a Shelf Registration Statement for
the reasonable fees and disbursements of not more than one counsel chosen by the
Holders of a majority in aggregate principal amount of the Registrable
Securities to be included in such Registration Statement.

7.       INDEMNIFICATION

                  (a)      Each of the Issuers agrees to indemnify and hold
harmless each Holder of Registrable Securities offered pursuant to a Shelf
Registration Statement Statement and each Participating Broker-Dealer selling
Exchange Securities during the Applicable Period, the officers and directors of
each such Person or its affiliates, and each other Person, if any, who controls
any such Person or its affiliates within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act (each, a "Participant"), from
and against any and all losses, claims, damages and liabilities (including,
without limitation, the reasonable legal fees and other expenses actually
incurred in connection with any suit, action or proceeding or any claim
asserted) caused by, arising out of or based upon any untrue statement or
alleged untrue statement of a material fact contained in any Registration
Statement pursuant to which the offering of such Registrable Securities or
Exchange Securities, as the case may be, is registered (or any amendment
thereto) or related Prospectus (or any amendments or supplements thereto) or any
related preliminary prospectus, or caused by, arising out of or based upon any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided, however,
that none of the Issuers will be required to indemnify a Participant if (i) such
losses, claims, damages or liabilities are caused by any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in
conformity with information relating to any Participant furnished to the Company
in writing by or on behalf of such Participant expressly for use therein or (ii)
if such Partici-

<PAGE>

                                      -23-

pant sold to the person asserting the claim the Registrable Securities or
Exchange Securities that are the subject of such claim and such untrue statement
or omission or alleged untrue statement or omission was contained or made in any
preliminary prospectus and corrected in the Prospectus or any amendment or
supplement thereto and the Prospectus does not contain any other untrue
statement or omission or alleged untrue statement or omission of a material fact
that was the subject matter of the related proceeding and such Participant
failed to deliver or provide a copy of the Prospectus (as amended or
supplemented) to such Person with or prior to the confirmation of the sale of
such Registrable Securities or Exchange Securities sold to such Person if
required by applicable law, unless such failure to deliver or provide a copy of
the Prospectus (as amended or supplemented) was a result of noncompliance by the
Company with Section 5 of this Agreement.

                  (b)      Each Participant agrees, severally and not jointly,
to indemnify and hold harmless the Company and each of the Guarantors, the
Company's directors and officers, each Guarantor's directors and officers and
each Person who controls the Issuers within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the
foregoing indemnity from the Company to each Participant, but only (i) with
reference to information relating to such Participant furnished to the Company
in writing by or on behalf of such Participant expressly for use in any
Registration Statement or Prospectus, any amendment or supplement thereto or any
preliminary prospectus or (ii) with respect to any untrue statement or
representation made by such Participant in writing to the Company. The liability
of any Participant under this paragraph shall in no event exceed the proceeds
received by such Participant from sales of Registrable Securities or Exchange
Securities giving rise to such obligations.

                  (c)      If any suit, action, proceeding (including any
governmental or regulatory investigation), claim or demand shall be brought or
asserted against any Person in respect of which indemnity may be sought pursuant
to either of the two preceding paragraphs, such Person (the "Indemnified
Person") shall promptly notify the Person against whom such indemnity may be
sought (the "Indemnifying Person") in writing, and the Indemnifying Person, upon
request of the Indemnified Person, shall retain counsel reasonably satisfactory
to the Indemnified Person to represent the Indemnified Person and any others the
Indemnifying Person may reasonably designate in such proceeding and shall pay
the reasonable fees and expenses actually incurred by such counsel related to
such proceeding; provided, however, that the failure to so notify the
Indemnifying Person shall not relieve it of any obligation or liability that it
may have hereunder or otherwise (unless and only to the extent that such failure
directly results in the loss or compromise of any material rights or defenses by
the Indemnifying Person and the Indemnifying Person was not otherwise aware of
such action or claim). In any such proceeding, any Indemnified Person shall have
the right to retain its own counsel, but the fees and expenses of such counsel
shall be at the expense of such Indemnified Person unless (i) the Indemnifying
Person and the Indemnified Person shall have mutually agreed in writing to the
contrary, (ii) the Indemnifying Person shall have failed within a reasonable
period of time to

<PAGE>

                                      -24-

retain counsel reasonably satisfactory to the Indemnified Person or (iii) the
named parties in any such proceeding (including any impleaded parties) include
both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. It is understood that, unless there
exists a conflict among Indemnified Persons, the Indemnifying Person shall not,
in connection with any one such proceeding or separate but substantially similar
related proceeding in the same jurisdiction arising out of the same general
allegations, be liable for the fees and expenses of more than one separate firm
(in addition to any local counsel) for all Indemnified Persons, and that all
such fees and expenses shall be reimbursed promptly as they are incurred. Any
such separate firm for the Participants and such control Persons of Participants
shall be designated in writing by Participants who sold a majority in interest
of Registrable Securities and Exchange Securities sold by all such Participants
and any such separate firm for the Company, its directors, its officers and such
control Persons of the Company shall be designated in writing by the Company.
The Indemnifying Person shall not be liable for any settlement of any proceeding
effected without its prior written consent, but if settled with such consent or
if there be a final non-appealable judgment for the plaintiff for which the
Indemnified Person is entitled to indemnification pursuant to this Agreement,
the Indemnifying Person agrees to indemnify and hold harmless each Indemnified
Person from and against any loss or liability by reason of such settlement or
judgment. No Indemnifying Person shall, without the prior written consent of the
Indemnified Person (which consent shall not be unreasonably withheld or
delayed), effect any settlement or compromise of any pending or threatened
proceeding in respect of which any Indemnified Person is or could have been a
party, and indemnity could have been sought hereunder by such Indemnified
Person, unless such settlement (A) includes an unconditional written release of
such Indemnified Person, in form and substance reasonably satisfactory to such
Indemnified Person, from all liability on claims that are the subject matter of
such proceeding and (B) does not include any statement as to an admission of
fault, culpability or failure to act by or on behalf of any Indemnified Person.

                  (d)      If the indemnification provided for in the first and
second paragraphs of this Section 7 is for any reason unavailable to, or
insufficient to hold harmless, an Indemnified Person in respect of any losses,
claims, damages or liabilities referred to therein, then each Indemnifying
Person under such paragraphs, in lieu of indemnifying such Indemnified Person
thereunder and in order to provide for just and equitable contribution, shall
contribute to the amount paid or payable by such Indemnified Person as a result
of such losses, claims, damages or liabilities in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Person or Persons
on the one hand and the Indemnified Person or Persons on the other in connection
with the statements or omissions or alleged statements or omissions that
resulted in such losses, claims, damages or liabilities (or actions in respect
thereof). The relative fault of the parties shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates to
information supplied by the Issuers on the one hand or such Par-

<PAGE>

                                      -25-

ticipant or such other Indemnified Person, as the case may be, on the other, the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission, and any other equitable
considerations appropriate in the circumstances.

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

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

8.       RULE 144 AND 144A

                  The Issuers covenant that they will file the reports required
to be filed by it under the Securities Act and the Exchange Act and the rules
and regulations adopted by the SEC thereunder in a timely manner in accordance
with the requirements of the Securities Act and the Exchange Act and, if at any
time the Issuers not required to file such reports, they will, upon the request
of any Holder of Registrable Securities, make publicly available annual reports
and such information, documents and other reports of the type specified in
Sections 13 and 15(d) of the Exchange Act. The Issuers further covenant for so
long as any Registrable Securities remain outstanding, to make available to any
Holder or beneficial owner of Registrable Securities in connection with any sale
thereof and any prospective purchaser of such Registrable Securities from such
Holder or beneficial owner the information required by Rule 144A(d)(4) under the
Securities Act in order to permit resales of such Registrable Securities
pursuant to Rule 144A.

<PAGE>

                                      -26-

9.       UNDERWRITTEN REGISTRATIONS

                  If any of the Registrable Securities covered by any Shelf
Registration Statement are to be sold in an underwritten offering, the
investment banker or investment bankers and manager or managers that will manage
the offering will be selected by the Holders of a majority in aggregate
principal amount of such Registrable Securities included in such offering and
reasonably acceptable to the Issuers.

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

10.      MISCELLANEOUS

                  (a)      No Inconsistent Agreements. The Issuers have not
entered into, as of the date hereof, and shall not, after the date of this
Agreement, enter into any agreement with respect to any of the Company's
securities that is inconsistent with the rights granted to the Holders of
Registrable Securities in this Agreement or otherwise conflicts with the
provisions hereof. The Issuers have not entered and will not enter into any
agreement with respect to any of the Company's securities that will grant to any
Person piggy-back registration rights with respect to a Registration Statement.

                  (b)      Adjustments Affecting Registrable Securities. The
Issuers shall not, directly or indirectly, take any action with respect to the
Registrable Securities as a class that would adversely affect the ability of the
Holders of Registrable Securities to include such Registrable Securities in a
registration undertaken pursuant to this Agreement.

                  (c)      Amendments and Waivers. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, otherwise than with
the prior written consent of the Holders of not less than a majority in
aggregate principal amount of the then outstanding Registrable Securities.
Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of
Holders of Registrable Securities whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect, impair,
limit or compromise the rights of other Holders of Registrable Securities may be
given by Holders of at least a majority in aggregate principal amount of the
Registrable Securities being sold by such Holders pursuant to such Registration
Statement; provided, however, that the provisions of this sentence may not be
amended, modified or supplemented except in accordance with the provisions of
the immediately preceding sentence.

<PAGE>

                                      -27-

                  (d)      Notices. All notices and other communications
(including without limitation any notices or other communications to the
Trustee) provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, next-day air courier or facsimile:

                  1.       if to a Holder of the Registrable Securities or any
         Participating Broker-Dealer, at the most current address of such Holder
         or Participating Broker-Dealer, as the case may be, set forth on the
         records of the registrar under the Indenture, with a copy in like
         manner to the Initial Purchasers as follows:

                           Deutsche Bank Securities Inc.
                           60 Wall Street
                           New York, NY 10005
                           Facsimile No.: (212) 797-4873
                           Attention: Corporate Finance Department

                  with a copy to:

                           Cahill Gordon & Reindel LLP
                           80 Pine Street
                           New York, New York 10005
                           Facsimile No.: (212) 269-5420
                           Attention: William M. Hartnett, Esq.

                  2.       if to the Initial Purchasers, at the addresses
         specified in Section 10(d)(1)

                  3.       if to the Issuer, at the address as follows:

                           Mobile Mini, Inc.
                           7420 South Kyrene Road, Suite 101
                           Tempe, AZ 85283
                           Facsimile No.: (480) 894-6433
                           Attention: Lawrence Trachtenberg

                  with a copy to:

                           Bryan Cave LLP
                           20 North Central Ave., Suite 2200
                           Phoenix, AZ 85004-4406
                           Facsimile No.: (602) 364-7070
                           Attention: Joseph P. Richardson, Esq.

<PAGE>

                                      -28-

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

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

                  (e)      Successors and Assigns. This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the
parties hereto; provided, however, that this Agreement shall not inure to the
benefit of or be binding upon a successor or assign of a Holder unless and to
the extent such successor or assign holds Registrable Securities.

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

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

                  (h)      Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED
TO CONTRACTS MADE AND PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO
SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.

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

<PAGE>

                                      -29-

                  (j)      Securities Held by the Issuers or their Affiliates.
Whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the
Issuers or their affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.

                  (k)      Third Party Beneficiaries. Holders of Registrable
Securities and Participating Broker-Dealers are intended third party
beneficiaries of this Agreement and this Agreement may be enforced by such
Persons.

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

<PAGE>

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

                               MOBILE MINI, INC.

                               By: ____________________________________
                                   Name:
                                   Title:

                               EACH GUARANTOR LISTED IN SCHEDULE 1 HERETO

                               By: ____________________________________
                                   Name:
                                   Title:

DEUTSCHE BANK SECURITIES INC.,
on behalf of the several Initial Purchasers named
on Schedule II to the Purchase Agreement

By: ________________________________
    Name:
    Title:

By: ________________________________
    Name:
    Title:

                                       S-1

<PAGE>

                                                                      SCHEDULE 1

                                   Guarantors

<TABLE>
<CAPTION>
                                                                         JURISDICTION OF
COMPANY                                                                   ORGANIZATION
<S>                                                                      <C>
DELIVERY DESIGN SYSTEMS, INC.                                                Arizona

MOBILE MINI, LLC                                                             California

MOBILE MINI, LLC                                                             Delaware

MOBILE MINI I, INC.                                                          Arizona

MOBILE MINI HOLDINGS, INC.                                                   Delaware

MOBILE MINI OF OHIO, LLC                                                     Delaware

MOBILE MINI TEXAS LIMITED PARTNERSHIP, L. L. P.                              Texas
</TABLE>

                                       S-1<PAGE>

                                                                   EXHIBIT 10.16

                                                               EXECUTION VERSION

                                MOBILE MINI, INC.

                                  $150,000,000
                          9 1/2% SENIOR NOTES DUE 2013

                               PURCHASE AGREEMENT

                                                                   June 23, 2003

DEUTSCHE BANK SECURITIES INC.
CIBC WORLD MARKETS CORP.
J.P. MORGAN SECURITIES INC.
FLEET SECURITIES, INC.
c/o Deutsche Bank Securities Inc.
    60 Wall Street
    New York, New York 10005

Ladies and Gentlemen:

                  Each of Mobile Mini, Inc., a Delaware corporation (the
"Company"), and the Company's subsidiaries listed on the signature pages hereof
(collectively, the "Subsidiary Guarantors" and, together with the Company, the
"Issuers") hereby confirms its agreement with you (the "Initial Purchasers"), as
set forth below.

                  Section 1.        The Notes. Subject to the terms and
conditions herein contained, the Company proposes to issue and sell to the
Initial Purchasers $150,000,000 aggregate principal amount of its 9 1/2% Senior
Notes due 2013 (the "Notes"). The Notes are to be issued under an indenture (the
"Indenture") to be dated as of June 26, 2003 by and among the Company, the
Subsidiary Guarantors and Wells Fargo Bank Minnesota, N.A., as Trustee (the
"Trustee"). The Notes will be unconditionally guaranteed (the "Guarantees") on a
senior basis by each of the Subsidiary Guarantors and, unless the context
otherwise requires, any reference to the "Notes" shall include a reference to
the related Guarantees.

                  The Notes will be offered and sold to the Initial Purchasers
without being registered under the Securities Act of 1933, as amended (the
"Act"), in reliance on exemptions therefrom.

                  In connection with the sale of the Notes, the Company has
prepared a preliminary offering memorandum dated June 9, 2003 (the "Preliminary
Memorandum") and a final offering memorandum dated June 23, 2003 (the "Final
Memorandum"; the Preliminary Memorandum and the Final Memorandum each herein
being referred to as a "Memorandum") setting forth or including a description of
the terms of the Notes, the terms of the offering of

<PAGE>

                                      -2-

the Notes, a description of the Company and any material developments relating
to the Company occurring after the date of the most recent historical financial
statements included therein.

                  Concurrently with this offering of the Notes, the Company will
amend and restate its senior secured revolving credit facility in the amount of
up to $250.0 million with Fleet Capital Corporation, as administrative agent,
and the other agents and lenders party thereto (the "Senior Credit Facility").

                  The Initial Purchasers and their direct and indirect
transferees of the Notes will be entitled to the benefits of the Registration
Rights Agreement to be dated as of the Closing Date (as defined in Section 3
below) (the "Registration Rights Agreement"), pursuant to which the Company and
the Subsidiary Guarantors will agree, among other things, to file with the
Securities and Exchange Commission (the "Commission") under the circumstances
set forth therein, (i) a registration statement under the Act (the "Exchange
Offer Registration Statement") relating to the 9 1/2% Senior Notes due 2013 of
the Issuers (the "Exchange Notes") to be offered in exchange (the "Exchange
Offer") for the Notes, and (ii) as and to the extent required by the
Registration Rights Agreement, a shelf registration statement pursuant to Rule
415 under the Act (the "Shelf Registration Statement" and, together with the
Exchange Offer Registration Statement, the "Registration Statements") relating
to the resale by certain holders of the Notes, and to cause such Registration
Statements to be declared effective in accordance with the provisions of the
Registration Rights Agreement.

                  Section 2.        Representations and Warranties. The Issuers,
jointly and severally, represent and warrant to and agree with each of the
Initial Purchasers that:

                  (a)      Neither the Preliminary Memorandum as of its date nor
         the Final Memorandum as of its date nor any amendment or supplement
         thereto as of the date thereof and at all times subsequent thereto up
         to and including the Closing Date contained or contains any untrue
         statement of a material fact or omitted or omits to state a material
         fact necessary to make the statements therein, in the light of the
         circumstances under which they were made, not misleading, except that
         the representations and warranties set forth in this Section 2(a) do
         not apply to statements or omissions made in reliance upon and in
         conformity with information furnished to the Company in writing by the
         Initial Purchasers expressly for use either in the Preliminary
         Memorandum, the Final Memorandum or any amendment or supplement
         thereto.

                  (b)      As of the Closing Date, the Company will have the
         authorized, issued and outstanding capitalization set forth in the
         Final Memorandum; all of the outstanding shares of capital stock or
         membership interests in the Company and the subsidiaries of the Company
         listed in Schedule I attached hereto (each, a "Subsidiary" and
         collectively, the "Subsidiaries") have been, and as of the Closing Date
         will be, duly authorized and validly issued, are fully paid and
         nonassessable and were not issued in violation of any preemptive or
         similar rights; except as set forth in the Final Memo-

<PAGE>

                                      -3-

         randum or in any filings by the Company with the Securities and
         Exchange Commission (the "SEC") all of the outstanding shares of
         capital stock and other ownership interests of each of the Subsidiaries
         will be free and clear of all liens, encumbrances, equities and claims
         or restrictions on transferability (other than those imposed by the Act
         and the securities or "Blue Sky" laws of certain jurisdictions) or
         voting; except as set forth in the Final Memorandum or in any filings
         by the Company with the SEC, there are no (i) options, warrants or
         other rights to purchase, (ii) agreements or other obligations of the
         Subsidiaries to issue or (iii) other rights to convert any obligation
         into, or exchange any securities for, shares of capital stock of or
         ownership interests in the Company or any of the Subsidiaries
         outstanding. Except for the Subsidiaries or as disclosed in the Final
         Memorandum, the Company does not own, directly or indirectly, any
         shares of capital stock or any other equity or long-term debt
         securities or have any equity interest in any firm, partnership, joint
         venture or other entity.

                  (c)      Each of the Company and the Subsidiaries is duly
         incorporated or formed, validly existing and in good standing as a
         corporation, limited liability company or limited partnership under the
         laws of its respective jurisdiction of organization and has all
         requisite corporate power and authority to own or lease its properties
         and conduct its business as now conducted and as described in the Final
         Memorandum; each of the Company and the Subsidiaries is duly qualified
         to do business as a foreign corporation in good standing in all other
         jurisdictions where the ownership or leasing of its properties or the
         conduct of its business requires such qualification, except where the
         failure to be so qualified would not, individually or in the aggregate,
         have a material adverse effect on the business, condition (financial or
         otherwise), prospects or results of operations of the Company and the
         Subsidiaries, taken as a whole (any such event, a "Material Adverse
         Effect").

                  (d)      The Company has all requisite corporate power and
         authority to execute, deliver and perform each of its obligations under
         the Notes, the Exchange Notes and the Private Exchange Notes (as
         defined in the Registration Rights Agreement). The Notes, when issued,
         will be in the form contemplated by the Indenture. The Notes, the
         Exchange Notes and the Private Exchange Notes have each been duly and
         validly authorized by the Company and, when executed by the Company and
         authenticated by the Trustee in accordance with the provisions of the
         Indenture and, in the case of the Notes, when delivered to and paid for
         by the Initial Purchasers in accordance with the terms of this
         Agreement (or issued by the Company in accordance with the Registration
         Rights Agreement and the Indenture, in the case of the Exchange Notes
         and the Private Exchange Notes), will constitute valid and legally
         binding obligations of the Company, entitled to the benefits of the
         Indenture, and enforceable against the Company in accordance with their
         terms, except that the enforcement thereof may be subject to (i)
         bankruptcy, insolvency, reorganization, fraudulent conveyance,
         moratorium or other similar laws now or hereafter in effect relating to
         creditors' rights generally, and (ii) general principles of equity and
         the discretion of the court before which any proceeding therefor may be
         brought.

<PAGE>

                                      -4-

                  (e)      Each of the Subsidiary Guarantors has all requisite
         corporate, partnership, limited liability company or other
         organizational power and authority to execute, deliver and perform each
         of its obligations under the Guarantees and the guarantees of the
         Exchange Notes and the Private Exchange Notes. The Guarantees, and the
         guarantees of the Exchange Notes, when issued, will be in the form
         contemplated by the Indenture. The Guarantees and the guarantees of the
         Exchange Notes and the Private Exchange Notes have each been duly and
         validly authorized by each of the Subsidiary Guarantors and, when the
         Guarantees and the guarantees of the Exchange Notes are executed by
         each of the Subsidiary Guarantors and when the Notes are duly executed
         and delivered against payment therefor and are authenticated by the
         Trustee in accordance with the provisions of the Indenture and the
         Exchange Notes are issued, such Guarantees and guarantees of the
         Exchange Notes will have been duly executed, issued and delivered and
         will constitute valid and legally binding obligations of the Subsidiary
         Guarantors, entitled to the benefits of the Indenture and enforceable
         against the Subsidiary Guarantors in accordance with their terms,
         except that the enforcement thereof may be subject to (i) bankruptcy,
         insolvency, reorganization, fraudulent conveyance, moratorium or other
         similar laws now or hereafter in effect relating to creditors' rights
         generally, and (ii) general principles of equity and the discretion of
         the court before which any proceeding therefor may be brought.

                  (f)      Each of the Issuers has all requisite corporate,
         partnership, limited liability company or other organizational power
         and authority to execute, deliver and perform its obligations under the
         Indenture. The Indenture meets the requirements for qualification under
         the Trust Indenture Act of 1939, as amended (the "TIA"). The Indenture
         has been duly and validly authorized by each of the Issuers and, when
         executed and delivered by each of the Issuers (assuming the due
         authorization, execution and delivery thereof by the Trustee), will
         constitute a valid and legally binding agreement of each of the
         Issuers, enforceable against each of the Issuers in accordance with its
         terms, except that the enforcement thereof may be subject to (i)
         bankruptcy, insolvency, reorganization, fraudulent conveyance,
         moratorium or other similar laws now or hereafter in effect relating to
         creditors' rights generally and (ii) general principles of equity and
         the discretion of the court before which any proceeding therefor may be
         brought.

                  (g)      Each of the Issuers has all requisite corporate,
         partnership, limited liability company or other organizational power
         and authority to execute, deliver and perform its obligations under the
         Registration Rights Agreement. The Registration Rights Agreement has
         been duly and validly authorized by each of the Issuers and, when
         executed and delivered by each of the Issuers (assuming the due
         authorization, execution and delivery by the Initial Purchasers), will
         constitute a valid and legally binding agreement of each of the Issuers
         enforceable against each of the Issuers in accordance with its terms,
         except that (A) the enforcement thereof may be subject to (i)
         bankruptcy, insolvency, reorganization, fraudulent conveyance,
         moratorium or other similar laws now or hereafter in effect relating to
         creditors' rights generally, and

<PAGE>

                                      -5-

         (ii) general principles of equity and the discretion of the court
         before which any proceeding therefor may be brought and (B) any rights
         to indemnity or contribution thereunder may be limited by federal and
         state securities laws and public policy considerations.

                  (h)      Each of the Issuers has all requisite corporate,
         partnership, limited liability company or other organizational power
         and authority to execute, deliver and perform its obligations under
         this Agreement and to consummate the transactions contemplated hereby.
         This Agreement and the consummation by the Issuers of the transactions
         contemplated hereby have been duly and validly authorized by each of
         the Issuers. This Agreement has been duly executed and delivered by
         each of the Issuers.

                  (i)      Assuming (a) the accuracy of the representations and
         warranties of the Initial Purchasers contained in Section 8 hereof, (b)
         the Initial Purchasers' compliance with the agreements set forth in
         Section 8 and the offering and transfer procedures and restrictions
         described in the Final Memorandum and (c) the accuracy of the
         representations and warranties deemed to be made by each of the
         purchasers to whom the Initial Purchasers initially sell the Notes, no
         consent, waiver, approval, authorization or order of or filing,
         registration, qualification, license or permit of or with any court or
         governmental agency or body, or third party is required for the
         issuance and sale by the Company of the Notes to the Initial Purchasers
         or the consummation by the Issuers of the other transactions
         contemplated hereby, except such as have been obtained and such as may
         be required under state securities or "Blue Sky" laws in connection
         with the purchase and resale of the Notes by the Initial Purchasers.
         None of the Company or the Subsidiaries is (i) in violation of its
         certificate of incorporation or bylaws (or similar organizational
         document), (ii) in breach or violation of any statute, judgment,
         decree, order, rule or regulation applicable to any of them or any of
         their respective properties or assets, except for any such breach or
         violation that would not, individually or in the aggregate, have a
         Material Adverse Effect, or (iii) in breach of or default under (nor
         has any event occurred that, with notice or passage of time or both,
         would constitute a default under) or in violation of any of the terms
         or provisions of any indenture, mortgage, deed of trust, loan
         agreement, note, lease, license, franchise agreement, permit,
         certificate, contract or other agreement or instrument to which any of
         them is a party or to which any of them or their respective properties
         or assets is subject (collectively, "Contracts"), except for any such
         breach, default, violation or event that would not, individually or in
         the aggregate, have a Material Adverse Effect.

                  (j)      The execution, delivery and performance by the
         Company of this Agreement, the Indenture and the Registration Rights
         Agreement, the execution, delivery and performance by the Subsidiary
         Guarantors of this Agreement, the Indenture and the Registration Rights
         Agreement and the consummation by the Issuers of the transactions
         contemplated hereby and thereby (including, without limitation, the
         issuance and sale of the Notes to the Initial Purchasers and the
         issuance of the Exchange Notes in the Exchange Offer) will not conflict
         with or constitute or result in a breach

<PAGE>

                                       -6-

         of or a default under (or an event that with notice or passage of time
         or both would constitute a default under) or violation of any of (i)
         the terms or provisions of any Contract, except for any such conflict,
         breach, violation, default or event that would not, individually or in
         the aggregate, have a Material Adverse Effect, (ii) the certificate of
         incorporation or bylaws (or similar organizational document) of the
         Company or any of the Subsidiaries or (iii) (assuming compliance with
         all applicable state securities or "Blue Sky" laws and assuming the
         accuracy of the representations and warranties of the Initial
         Purchasers in Section 8 hereof) any statute, judgment, decree, order,
         rule or regulation applicable to the Company or any of the Subsidiaries
         or any of their respective properties or assets, except for any such
         conflict, breach or violation that would not, individually or in the
         aggregate, have a Material Adverse Effect.

                  (k)      Ernst & Young LLP ("E&Y"), who are reporting on the
         audited financial statements, for the fiscal year ended December 31,
         2002, of the Issuers in the Final Memorandum, are independent public
         accountants within the meaning of the Act and the rules and regulations
         promulgated thereunder. Arthur Andersen LLP was, at the time of its
         audit of any of the financial statements referred to in that firm's
         report dated February 11, 2002, and included in the Final Memorandum,
         an independent public accounting firm within the meaning of the Act and
         the rules and regulations promulgated thereunder. The audited
         consolidated financial statements of the Company and the Subsidiaries
         and the related notes thereto included in the Final Memorandum under
         the headings "Offering Memorandum Summary -- Summary of Financial Data"
         and "Selected Consolidated Financial and Other Data" present fairly in
         all material respects the financial position, results of operations and
         cash flows of the Company and the Subsidiaries at the dates and for the
         periods to which they relate and have been prepared in accordance with
         generally accepted accounting principles consistently applied
         throughout such periods, except as otherwise stated therein. The
         summary and selected financial data in the Final Memorandum present
         fairly in all material respects the information shown therein and have
         been prepared and compiled on a basis consistent with the audited
         financial statements included therein, except as otherwise stated
         therein.

                  (l)      The pro forma financial information included in the
         Final Memorandum (i) complies as to form in all material respects with
         the applicable requirements of Regulation S-X promulgated under the
         Securities Exchange Act of 1934, as amended (the "Exchange Act"), (ii)
         has been properly computed on the bases described therein; the
         assumptions used in the preparation of the pro forma financial data and
         other pro forma financial information included in the Final Memorandum
         are reasonable and the adjustments used therein are appropriate to give
         effect to the transactions or circumstances referred to therein.

                  (m)      There is not pending or, to the knowledge of the
         Company or any of the Subsidiaries, threatened any action, suit,
         proceeding, inquiry or investigation to which the Company or any of the
         Subsidiaries is a party, or to which the property or assets of

<PAGE>

                                       -7-

         the Company or any of the Subsidiaries are subject, before or brought
         by any court, arbitrator or governmental agency or body that would,
         individually or in the aggregate, be reasonably expected to have a
         Material Adverse Effect or that seeks to restrain, enjoin, prevent the
         consummation of or otherwise challenge the issuance or sale of the
         Notes to be sold hereunder or the consummation of the other
         transactions described in the Final Memorandum.

                  (n)      Each of the Company and the Subsidiaries possesses
         all licenses, permits, certificates, consents, orders, approvals and
         other authorizations from, and has made all declarations and filings
         with, all federal, state, local and other governmental authorities, all
         self-regulatory organizations and all courts and other tribunals,
         presently required or necessary to own or lease, as the case may be,
         and to operate its respective properties and to carry on its respective
         businesses as now conducted as set forth in the Final Memorandum
         ("Permits"), except where the failure to obtain such Permits would not,
         individually or in the aggregate, be reasonably expected to have a
         Material Adverse Effect; each of the Company and the Subsidiaries has
         fulfilled and performed all of its obligations with respect to such
         Permits and no event has occurred that allows, or after notice or lapse
         of time would allow, revocation or termination thereof or results in
         any other material impairment of the rights of the holder of any such
         Permit except where such revocation, termination or impairment would
         not, individually or in the aggregate, be reasonably expected to have a
         Material Adverse Effect; and none of the Company or the Subsidiaries
         has received any written notice of any proceeding relating to the
         revocation or modification of any such Permit, except as described in
         the Final Memorandum and except where such revocation or modification
         would not, individually or in the aggregate, be reasonably expected to
         have a Material Adverse Effect.

                  (o)      Since the date of the most recent financial
         statements appearing in the Final Memorandum and except under the
         Senior Credit Facility (or its predecessor), or as otherwise described
         in the Final Memorandum, (i) none of the Company or the Subsidiaries
         has incurred any liabilities or obligations, direct or contingent, or
         entered into or agreed to enter into any transactions or contracts
         (written or oral) not in the ordinary course of business, which
         liabilities, obligations, transactions or contracts would, individually
         or in the aggregate, be reasonably expected to have a Material Adverse
         Effect, (ii) none of the Company or the Subsidiaries has purchased any
         of its outstanding capital stock, nor declared, paid or otherwise made
         any dividend or distribution of any kind on its capital stock (other
         than with respect to any of such Subsidiaries, the purchase of, or
         dividend or distribution on, capital stock owned by the Company) and
         (iii) there shall not have been any material change in the capital
         stock or any change in the long-term indebtedness of the Company or the
         Subsidiaries.

                  (p)      Each of the Company and the Subsidiaries has filed
         all necessary federal, state and foreign income and franchise tax
         returns, except where the failure to so file such returns would not,
         individually or in the aggregate, be reasonably expected to

<PAGE>

                                       -8-

         have a Material Adverse Effect, and has paid all taxes shown as due
         thereon other than amounts being contested in good faith; and other
         than tax deficiencies that the Company or any Subsidiary is contesting
         in good faith and for which the Company or such Subsidiary has provided
         adequate reserves, there is no tax deficiency that has been asserted
         against the Company or any of the Subsidiaries that would be reasonably
         expected to have, individually or in the aggregate, a Material Adverse
         Effect.

                  (q)      The statistical and market-related data included in
         the Final Memorandum are based on or derived from sources that the
         Company and the Subsidiaries believe to be reliable and accurate.

                  (r)      None of the Company, the Subsidiaries or any agent
         acting on their behalf has taken or will take any action that might
         cause this Agreement or the sale of the Notes to violate Regulation T,
         U or X of the Board of Governors of the Federal Reserve System, in each
         case as in effect, or as the same may hereafter be in effect, on the
         Closing Date.

                  (s)      Each of the Company and the Subsidiaries has good and
         marketable title to all real property and good title to all material
         personal property described in the Final Memorandum as being owned by
         it and valid leasehold interests in the real and personal property
         described in the Final Memorandum as being leased by it free and clear
         of all liens, charges, encumbrances or restrictions, except as
         described in the Final Memorandum (including those liens permitted by
         the terms of the Indenture) or to the extent the failure to have such
         title or the existence of such liens, charges, encumbrances or
         restrictions would not, individually or in the aggregate, be reasonably
         expected to have a Material Adverse Effect. All leases, contracts and
         agreements to which the Company or any of the Subsidiaries is a party
         or by which any of them is bound are valid and enforceable against the
         Company or such Subsidiary, and with only such exceptions as would not,
         individually or in the aggregate, be reasonably expected to have a
         Material Adverse Effect.

                  (t)      The Company and the Subsidiaries own or possess
         adequate licenses or other rights to use all patents, trademarks,
         service marks, trade names, copyrights and know-how necessary to
         conduct the businesses now operated by them as described in the Final
         Memorandum, and none of the Company or the Subsidiaries has received
         any notice of infringement of or conflict with (or knows of any such
         infringement of or conflict with) asserted rights of others with
         respect to any patents, trademarks, service marks, trade names,
         copyrights or know-how that, if such assertion of infringement or
         conflict were sustained, would have a Material Adverse Effect.

                  (u)      There are no legal or governmental proceedings now
         pending or known by any executive officer of the Company to be
         threatened against or involving or affecting the Company or any
         Subsidiary or any of their respective properties or assets that would
         be required to be described in a prospectus delivered pursuant to the
         Act

<PAGE>

                                       -9-

         that are not described in the Final Memorandum, nor are there any
         material contracts or other documents that would be required to be
         described in a prospectus delivered pursuant to the Act that are not
         described in the Final Memorandum.

                  (v)      Except as would not, individually or in the
         aggregate, have a Material Adverse Effect (A) each of the Company and
         the Subsidiaries is in compliance with and not subject to liability
         under applicable Environmental Laws (as defined below), (B) each of the
         Company and the Subsidiaries has made all filings and provided all
         notices required under any applicable Environmental Law, and has and is
         in compliance with all Permits required under any applicable
         Environmental Laws and each of them is in full force and effect, (C)
         there is no civil, criminal or administrative action, suit, demand,
         claim, hearing, notice of violation, investigation, proceeding, notice
         or demand letter or request for information pending or, to the
         knowledge of the Company or any of the Subsidiaries, threatened against
         the Company or any of the Subsidiaries under any Environmental Law, (D)
         no lien, charge, encumbrance or restriction has been recorded under any
         Environmental Law with respect to any assets, facility or property
         owned, operated, leased or controlled by the Company or any of the
         Subsidiaries, (E) none of the Company or the Subsidiaries has received
         notice that it has been identified as a potentially responsible party
         under the Comprehensive Environmental Response, Compensation and
         Liability Act of 1980, as amended ("CERCLA"), or any comparable state
         law and (F) no property or facility of the Company or any of the
         Subsidiaries is (i) listed or proposed for listing on the National
         Priorities List under CERCLA or (ii) listed in the Comprehensive
         Environmental Response, Compensation and Liability Information System
         List promulgated pursuant to CERCLA, or on any comparable list
         maintained by any state or local governmental authority.

                  For purposes of this Agreement, "Environmental Laws" means the
         common law and all applicable federal, state and local laws or
         regulations, codes, orders, decrees, judgments or injunctions issued,
         promulgated, approved or entered thereunder, relating to pollution or
         protection of public or employee health and safety or the environment,
         including, without limitation, laws relating to (i) emissions,
         discharges, releases or threatened releases of hazardous materials into
         the environment (including, without limitation, ambient air, surface
         water, groundwater, land surface or subsurface strata), (ii) the
         manufacture, processing, distribution, use, generation, treatment,
         storage, disposal, transport or handling of hazardous materials, and
         (iii) underground and aboveground storage tanks and related piping, and
         emissions, discharges, releases or threatened releases therefrom.

                  (w)      There is no strike, labor dispute, slowdown or work
         stoppage with the employees of the Company or any of the Subsidiaries
         that is pending or, to the knowledge of the Company or any of the
         Subsidiaries, threatened which would, individually or in the aggregate,
         be reasonably expected to have a Material Adverse Effect.

<PAGE>

                                      -10-

                  (x)      Each of the Company and the Subsidiaries carries
         insurance in such amounts and covering such risks as is adequate for
         the conduct of its business and the value of its properties except
         where the failure to do so would not, individually or in the aggregate,
         be reasonably expected to have a Material Adverse Effect.

                  (y)      Except as would not, individually or in the
         aggregate, have a Material Adverse Effect, none of the Company or the
         Subsidiaries has any liability for any prohibited transaction or
         funding deficiency or any complete or partial withdrawal liability with
         respect to any pension, profit sharing or other plan that is subject to
         the Employee Retirement Income Security Act of 1974, as amended
         ("ERISA"), to which the Company or any of the Subsidiaries makes or
         ever has made a contribution and in which any employee of the Company
         or of any Subsidiary is or has ever been a participant and with respect
         to such plans, the Company and each Subsidiary is in compliance in all
         material respects with all applicable provisions of ERISA.

                  (z)      Each of the Company and the Subsidiaries (i) makes
         and keeps accurate books and records and (ii) maintains internal
         accounting controls that provide reasonable assurance that (A)
         transactions are executed in accordance with management's
         authorization, (B) transactions are recorded as necessary to permit
         preparation of its financial statements and to maintain accountability
         for its assets, (C) access to its assets is permitted only in
         accordance with management's authorization and (D) the reported
         accountability for its assets is compared with existing assets at
         reasonable intervals.

                  (aa)     None of the Company or the Subsidiaries is, or after
         the issuance and sale of the Notes as herein contemplated and the
         application of the net proceeds therefrom as described in the Final
         Memorandum will be, required to register as an "investment company" or
         "promoter" or "principal underwriter" for an "investment company," as
         such terms are defined in the Investment Company Act of 1940, as
         amended, and the rules and regulations thereunder.

                  (bb)     The Notes the Indenture and the Registration Rights
         Agreement as of the Closing Date will conform in all material respects
         to the descriptions thereof in the Final Memorandum.

                  (cc)     No holder of securities of the Company or any
         Subsidiary will be entitled to have such securities registered under
         the Registration Statements required to be filed by the Company
         pursuant to the Registration Rights Agreement other than as expressly
         permitted thereby.

                  (dd)     Immediately after the consummation of the
         transactions contemplated by this Agreement, the fair value and present
         fair saleable value of the assets of the Company and the Subsidiaries
         (on a consolidated basis) will exceed the sum of their stated
         liabilities and identified contingent liabilities; the Company and the
         Subsidiaries

<PAGE>

                                      -11-

         (on a consolidated basis) are not, nor will the Company or the
         Subsidiaries (on a consolidated basis) be, after giving effect to the
         execution, delivery and performance of this Agreement and the
         consummation of the transactions contemplated hereby, (a) left with
         unreasonably small capital with which to carry on their business as it
         is proposed to be conducted, (b) unable to pay their debts (contingent
         or otherwise as they mature or (c) otherwise insolvent.

                  (ee)     None of the Company, the Subsidiaries or any of their
         respective Affiliates (as defined in Rule 501(b) of Regulation D under
         the Act) has directly, or through any agent (excluding any Initial
         Purchaser), (i) sold, offered for sale, solicited offers to buy or
         otherwise negotiated in respect of any "security" (as defined in the
         Act) that is or could be integrated with the sale of the Notes in a
         manner that would require the registration under the Act of the Notes
         or (ii) engaged in any form of general solicitation or general
         advertising (as those terms are used in Regulation D under the Act) in
         connection with the offering of the Notes or in any manner involving a
         public offering within the meaning of Section 4(2) of the Act. Assuming
         (a) the accuracy of the representations and warranties of the Initial
         Purchasers in Section 8 hereof (b) due performance of the covenants and
         agreement of the Initial Purchasers set forth in this Agreement and
         compliance by the Initial Purchasers with the offering and transfer
         procedures and restrictions described in the Final Memorandum, it is
         not necessary in connection with the offer, sale and delivery of the
         Notes to the Initial Purchasers in the manner contemplated by this
         Agreement to register any of the Notes under the Act or to qualify the
         Indenture under the TIA.

                  (ff)     No securities of the Company or any Subsidiary are of
         the same class (within the meaning of Rule 144A under the Act) as the
         Notes and listed on a national securities exchange registered under
         Section 6 of the Exchange Act, or quoted in a U.S. automated
         inter-dealer quotation system.

                  (gg)     As of the date hereof, none of the Company or the
         Subsidiaries has taken, nor will any of them take, directly or
         indirectly, any action designed to, or that might be reasonably
         expected to, cause or result in stabilization or manipulation of the
         price of the Notes.

                  (hh)     None of the Company, the Subsidiaries, any of their
         respective Affiliates (as defined in Rule 501(b) of Regulation D under
         the Act) or any person acting on its or their behalf (other than the
         Initial Purchasers) has engaged in any directed selling efforts (as
         that term is defined in Regulation S under the Act ("Regulation S"))
         with respect to the Notes; the Company, the Subsidiaries and their
         respective Affiliates and any person acting on its or their behalf
         (other than the Initial Purchasers) have complied with the offering
         restrictions requirement of Regulation S.

                  (ii)     Except as will be disclosed in the Final Memorandum,
there are no business relationships or related party transactions required to be
disclosed therein by Item

<PAGE>

                                      -12-

404 of Regulation S-K of the Commission and each business relationship or
related party transaction described therein is in all material respects a fair
and accurate description of the relationships and transactions so described.

                  Any certificate signed by any officer of the Company or any
Subsidiary Guarantor and delivered to any Initial Purchaser or to counsel for
the Initial Purchasers shall be deemed a joint and several representation and
warranty by the Company and each of the Subsidiary Guarantors to each Initial
Purchaser as to the matters covered thereby.

                  Section 3.        Purchase, Sale and Delivery of the Notes. On
the basis of the representations, warranties, agreements and covenants herein
contained and subject to the terms and conditions herein set forth, the Company
agrees to issue and sell to the Initial Purchasers, and the Initial Purchasers,
acting severally and not jointly, agree to purchase, the Notes in the respective
amounts set forth on Schedule II attached hereto from the Company at 97.0% of
their principal amount. One or more certificates in global form for the Notes
that the Initial Purchasers have agreed to purchase hereunder, and in such
denomination or denominations and registered in such name or names as the
Initial Purchasers request upon notice to the Company at least 36 hours prior to
the Closing Date, shall be delivered by or on behalf of the Company to the
Initial Purchasers, against payment by or on behalf of the Initial Purchasers of
the purchase price therefor by wire transfer (same day funds), to such account
or accounts as the Company shall specify prior to the Closing Date, or by such
means as the parties hereto shall agree prior to the Closing Date. Such delivery
of and payment for the Notes shall be made at the offices of Bryan Cave LLP,
1290 Avenue of Americas, New York, New York at 10:00 A.M., New York time, on
June 26, 2003, or at such other place, time or date as the Initial Purchasers,
on the one hand, and the Company, on the other hand, may agree upon, such time
and date of delivery against payment being herein referred to as the "Closing
Date." The Company will make such certificate or certificates for the Notes
available for checking and packaging by the Initial Purchasers at the offices of
Deutsche Bank Securities Inc. in New York, New York, or at such other place as
Deutsche Bank Securities Inc. may designate, at least 24 hours prior to the
Closing Date.

                  Section 4.        Offering by the Initial Purchasers. The
Initial Purchasers propose to make an offering of the Notes at the price and
upon the terms set forth in the Final Memorandum as soon as practicable after
this Agreement is entered into and as in the judgment of the Initial Purchasers
is advisable.

                  Section 5.        Covenants of the Issuers. The Issuers,
jointly and severally, covenant and agree with each of the Initial Purchasers
that:

                  (a)      The Issuers will not amend or supplement the Final
         Memorandum or make any amendment or supplement thereto of which the
         Initial Purchasers shall not previously have been advised and furnished
         a copy for a reasonable period of time prior to the proposed amendment
         or supplement and as to which the Initial Purchasers shall not have
         given their consent, which consent shall not be unreasonably withheld.

<PAGE>

                                      -13-

         At any time prior to the completion of the sale of the Notes by the
         Initial Purchasers (as determined by the Initial Purchasers), the
         Issuers will promptly, upon the reasonable request of the Initial
         Purchasers, make any amendments or supplements to the Preliminary
         Memorandum or the Final Memorandum that may be necessary or advisable
         in connection with the resale of the Notes by the Initial Purchasers.

                 (b)      The Issuers will cooperate with the Initial
         Purchasers in arranging for the qualification of the Notes for offering
         and sale under the securities or "Blue Sky" laws of such jurisdictions
         as the Initial Purchasers may designate and will continue such
         qualifications in effect for as long as may be necessary to complete
         the resale of the Notes; provided, however, that in connection
         therewith, none of the Issuers shall be required to qualify as a
         foreign corporation or to execute a general consent to service of
         process in any jurisdiction or subject itself to taxation in excess of
         a nominal dollar amount in any such jurisdiction where it is not then
         so subject.

                  (c)      If, at any time prior to the completion of the
         distribution by the Initial Purchasers of the Notes or the Private
         Exchange Notes, any event occurs or information becomes known as a
         result of which the Final Memorandum as then amended or supplemented
         would include any untrue statement of a material fact, or omit to state
         a material fact necessary to make the statements therein, in the light
         of the circumstances under which they were made, not misleading, or if
         for any other reason it is necessary at any time to amend or supplement
         the Final Memorandum to comply with applicable law, the Company will
         promptly notify the Initial Purchasers thereof and will prepare, at the
         expense of the Company, an amendment or supplement to the Final
         Memorandum that corrects such statement or omission or effects such
         compliance.

                  (d)      The Company will, without charge, provide to the
         Initial Purchasers and to counsel for the Initial Purchasers as many
         copies of the Preliminary Memorandum and the Final Memorandum or any
         amendment or supplement thereto as the Initial Purchasers may
         reasonably request.

                  (e)      The Company will apply the net proceeds from the sale
         of the Notes as set forth under "Use of Proceeds" in the Final
         Memorandum.

                  (f)      For two years following the offering of the Notes,
         the Company will furnish to the Initial Purchasers copies of all
         reports and other communications (financial or otherwise) furnished by
         the Company to the Trustee or to the holders of the Notes and, as soon
         as available, copies of any reports or financial statements furnished
         to or filed by the Issuers with the Commission or any national
         securities exchange on which any class of securities of the Company may
         be listed.

                  (g)      Prior to the Closing Date, the Company will furnish
         to the Initial Purchasers, as soon as they have been prepared, a copy
         of any unaudited interim financial

<PAGE>

                                      -14-

         statements of the Issuers for any period subsequent to the period
         covered by the most recent financial statements appearing in the Final
         Memorandum.

                  (h)      None of the Company or any of its Affiliates will
         sell, offer for sale or solicit offers to buy or otherwise negotiate in
         respect of any "security" (as defined in the Act) that could be
         integrated with the sale of the Notes in a manner which would require
         the registration under the Act of the Notes.

                  (i)      The Company will not, and will not permit any of the
         Subsidiaries to, engage in any form of general solicitation or general
         advertising (as those terms are used in Regulation D under the Act) or
         in any directed selling efforts (as such term is defined in teh
         Securities Act) in connection with the offering of the Notes or in any
         manner involving a public offering within the meaning of Section 4(2)
         of the Act.

                  (j)      For so long as any of the Notes remain outstanding,
         the Company will make available at its expense, upon request, to any
         holder of such Notes and any prospective purchasers thereof the
         information specified in Rule 144A(d)(4) under the Act, unless the
         Company is then subject to Section 13 or 15(d) of the Exchange Act.

                  (k)      The Company will use its reasonable efforts to (i)
         permit the Notes to be designated as Portal-eligible securities in
         accordance with the rules and regulations adopted by the National
         Association of Securities Dealers, Inc. ("NASD") relating to trading in
         the NASD's Private Offering Resales and Trading through Automatic
         Linkages Market (the "Portal Market") and (ii) permit the Notes to be
         eligible for clearance and settlement through The Depository Trust
         Company.

                  (l)      In connection with Notes offered and sold in an
         off-shore transaction (as defined in Regulation S) the Company will not
         authorize the Trustee to register any transfer of such Notes not made
         in accordance with the provisions of Regulation S and will not, except
         in accordance with the provisions of Regulation S, if applicable, issue
         any such Notes in the form of definitive securities.

                  (m)      During the period from the Closing Date until two
         years after the Closing Date, without the prior written consent of the
         Initial Purchasers, not to, and not permit any of their affiliates (as
         defined in Rule 144 under the Securities Act) to, resell any of the
         Notes that have been reacquired by them, except for Notes purchased by
         the Issuers or any of their affiliates and resold in a transaction
         registered under the Securities Act.

                  Section 6.        Expenses. The Issuers, jointly and
severally, agree to pay all costs and expenses incident to the performance of
their obligations under this Agreement, whether or not the transactions
contemplated herein are consummated or this Agreement is terminated pursuant to
Section 11 hereof, including all costs and expenses incident to (i) the
printing, word processing or other production of documents with respect to the
transactions

<PAGE>

                                      -15-

contemplated hereby, including any costs of printing the Preliminary Memorandum
and the Final Memorandum and any amendment or supplement thereto, and any "Blue
Sky" memoranda, (ii) all arrangements relating to the delivery to the Initial
Purchasers of copies of the foregoing documents, (iii) the fees and
disbursements of the counsel, the accountants and any other experts or advisors
retained by the Issuers, (iv) preparation (including printing), issuance and
delivery to the Initial Purchasers of the Notes, (v) the qualification of the
Notes under state securities and "Blue Sky" laws, including filing fees and fees
and disbursements of counsel for the Initial Purchasers relating thereto, not to
exceed $5,000 in the aggregate, (vi) expenses in connection with the "roadshow"
and any other meetings with prospective investors in the Notes, (vii) fees and
expenses of the Trustee including fees and expenses of counsel for the Trustee,
(viii) all expenses and listing fees incurred in connection with the application
for quotation of the Notes on The Portal Market, (ix) any fees charged by
investment rating agencies for the rating of the Notes, (x) the cost of any
advertising approved by the Initial Purchasers and the Company in connection
with the Notes, and (xi) all other costs and expenses incident to the
performance by the Issuers of their respective obligations hereunder. If the
sale of the Notes provided for herein is not consummated because any condition
to the obligations of the Initial Purchasers set forth in Section 7 hereof is
not satisfied, because this Agreement is terminated or because of any failure,
refusal or inability on the part of the Issuers to perform all obligations and
satisfy all conditions on their part to be performed or satisfied hereunder
(other than pursuant to clauses (ii), (iii) or (iv) of Section 11(a) hereof or
solely by reason of a default by the Initial Purchasers of their obligations
hereunder after all conditions hereunder have been satisfied in accordance
herewith), the Issuers agree to promptly reimburse the Initial Purchasers upon
demand for all out-of-pocket expenses (including reasonable fees, disbursements
and charges of Cahill Gordon & Reindel LLP, counsel for the Initial Purchasers)
that shall have been reasonably incurred by the Initial Purchasers in connection
with the proposed purchase and sale of the Notes.

                  Section 7.        Conditions of the Initial Purchasers'
Obligations. The obligation of the Initial Purchasers to purchase and pay for
the Notes shall, in their sole discretion, be subject to the satisfaction or
waiver of the following conditions on or prior to the Closing Date:

                  (a)      On the Closing Date, the Initial Purchasers shall
         have received the opinion, dated as of the Closing Date and addressed
         to the Initial Purchasers, of Bryan Cave LLP, counsel for the Company,
         in form and substance reasonably satisfactory to counsel for the
         Initial Purchasers, to the effect that:

                           (i)      Each of the Company and the Subsidiaries is
                  duly organized, validly existing and in good standing under
                  the laws of its respective jurisdiction of organization and
                  has all requisite corporate power and authority to own or
                  lease its properties and to conduct its business as described
                  in the Final Memorandum. Each of the Company and the
                  Subsidiaries is duly qualified to do business as a foreign
                  corporation or otherwise in good standing in all other
                  jurisdictions where the ownership or leasing of its properties
                  or the conduct of its

<PAGE>

                                      -16-

                  business requires such qualification, except where the failure
                  to be so qualified would not, individually or in the
                  aggregate, have a Material Adverse Effect.

                           (ii)     The Company has the authorized, issued and
                  outstanding capitalization as set forth in the Final
                  Memorandum under the caption "Capitalization", as of the date
                  stated under the caption; to the knowledge of such counsel;
                  all of the outstanding shares of capital stock of the Company
                  and the Subsidiaries have been duly authorized and validly
                  issued, are fully paid and nonassessable and were not issued
                  in violation of any preemptive or similar rights; to the
                  knowledge of such counsel, all of the outstanding shares of
                  capital stock of the Subsidiaries are owned, directly or
                  indirectly, by the Company, free and clear of all perfected
                  security interests (other than securing indebtedness under the
                  Senior Credit Facility (or its predecessor)) and, to the
                  knowledge of such counsel, free and clear of all other liens,
                  encumbrances, equities and claims or restrictions on
                  transferability (other than those imposed by the Act and the
                  securities or "Blue Sky" laws of certain jurisdictions) or
                  voting.

                           (iii)    Except as set forth in the Final Memorandum
                  or in any filing by the Company with the SEC and to the
                  knowledge of such counsel (A) no options, warrants or other
                  rights to purchase from the Company or any Subsidiary shares
                  of capital stock or ownership interests in the Company or any
                  Subsidiary are outstanding, (B) no agreements or other
                  obligations to issue, or other rights to convert any
                  obligation into, or exchange any securities for, shares of
                  capital stock or ownership interests in the Company or any
                  Subsidiary are outstanding and (C) no holder of securities of
                  the Company or any Subsidiary is entitled to have such
                  securities registered under a registration statement filed by
                  the Company pursuant to the Registration Rights Agreement.

                           (iv)     Each of the Issuers has all requisite
                  corporate, partnership, limited liability company or other
                  organizational power and authority to execute, deliver and
                  perform each of its obligations under the Indenture, the
                  Notes, the Exchange Notes and the Private Exchange Notes; the
                  Indenture meets the requirements for qualification under the
                  TIA; the Indenture has been duly and validly authorized by
                  each of the Issuers and, when duly executed and delivered by
                  each of the Issuers (assuming the due authorization, execution
                  and delivery thereof by the Trustee), will constitute the
                  valid and legally binding agreement of each of the Issuers,
                  enforceable against each of the Issuers in accordance with its
                  terms, except that the enforcement thereof may be subject to
                  (i) bankruptcy, insolvency, reorganization, fraudulent
                  conveyance, moratorium or other similar laws now or hereafter
                  in effect relating to creditors' rights generally and (ii)
                  general principles of equity and the discretion of the court
                  before which any proceeding therefor may be brought.

<PAGE>

                                      -17-

                           (v)      The Notes have each been duly and validly
                  authorized by the Company and, when duly executed and
                  delivered by the Company and paid for by the Initial
                  Purchasers in accordance with the terms of this Agreement
                  (assuming the due authorization, execution and delivery of the
                  Indenture by the Trustee and due authentication and delivery
                  of the Notes by the Trustee in accordance with the Indenture),
                  will constitute the valid and legally binding obligations of
                  the Company, entitled to the benefits of the Indenture, and
                  enforceable against the Company in accordance with their
                  terms, except that the enforcement thereof may be subject to
                  (i) bankruptcy, insolvency, reorganization, fraudulent
                  conveyance, moratorium or other similar laws now or hereafter
                  in effect relating to creditors' rights generally and (ii)
                  general principles of equity and the discretion of the court
                  before which any proceeding therefor may be brought.

                           (vi)     The Exchange Notes and the Private Exchange
                  Notes have been duly and validly authorized by the Company
                  and, when the Exchange Notes and the Private Exchange Notes
                  are duly executed and delivered by the Company in accordance
                  with the terms of the Registration Rights Agreement and the
                  Indenture (assuming the due authorization, execution and
                  delivery of the Indenture by the Trustee and due
                  authentication and delivery of the Exchange Notes and the
                  Private Exchange Notes by the Trustee in accordance with the
                  Indenture), will constitute the valid and legally binding
                  obligations of the Company, entitled to the benefits of the
                  Indenture, and enforceable against the Company in accordance
                  with their terms, except that the enforcement thereof may be
                  subject to (i) bankruptcy, insolvency, reorganization,
                  fraudulent conveyance, moratorium or other similar laws now or
                  hereafter in effect relating to creditors' rights generally
                  and (ii) general principles of equity and the discretion of
                  the court before which any proceeding therefor may be brought.

                           (vii)    The Guarantees and the guarantees of the
                  Exchange Notes and the Private Exchange Notes have been duly
                  and validly authorized by each Subsidiary Guarantor and, when
                  executed by each of the Subsidiary Guarantors and when the
                  Notes are duly executed and delivered against payment therefor
                  and are authenticated by the Trustee in accordance with the
                  provisions of the Indenture, such Guarantees and such
                  guarantees of the Exchange Notes will have been duly executed,
                  issued and delivered and will constitute valid and legally
                  binding obligations of each Subsidiary Guarantor, entitled to
                  the benefits of the Indenture and enforceable against the
                  Subsidiary Guarantors in accordance with their terms, except
                  that the enforcement thereof may be subject to (i) bankruptcy,
                  insolvency, reorganization, fraudulent conveyance, moratorium
                  or other similar laws now or hereafter in effect relating to
                  creditors' rights generally, and (ii) general principles of
                  equity and the discretion of the court before which any
                  proceeding therefor may be brought.

<PAGE>

                                      -18-

                           (viii)   Each of the Company and the Subsidiaries has
                  all requisite corporate, partnership, limited liability
                  company or other organizational power and authority to
                  execute, deliver and perform its obligations under the
                  Registration Rights Agreement; the Registration Rights
                  Agreement has been duly and validly authorized by each of the
                  Issuers and, when duly executed and delivered by each of the
                  Issuers (assuming due authorization, execution and delivery
                  thereof by the Initial Purchasers), will constitute the valid
                  and legally binding agreement of each of the Issuers,
                  enforceable against each of the Issuers in accordance with its
                  terms, except that (A) the enforcement thereof may be subject
                  to (i) bankruptcy, insolvency, reorganization, fraudulent
                  conveyance, moratorium or other similar laws now or hereafter
                  in effect relating to creditors' rights generally and (ii)
                  general principles of equity and the discretion of the court
                  before which any proceeding therefor may be brought and (B)
                  any rights to indemnity or contribution thereunder may be
                  limited by federal and state securities laws and public policy
                  considerations.

                           (ix)     Each of the Company and the Subsidiaries has
                  all requisite corporate, partnership, limited liability
                  company or other organizational power and authority to
                  execute, deliver and perform its obligations under this
                  Agreement and to consummate the transactions contemplated
                  hereby; this Agreement and the consummation by the Company and
                  each of the Subsidiaries of the transactions contemplated
                  hereby have been duly and validly authorized by the Company
                  and each of the Subsidiaries. This Agreement has been duly
                  executed and delivered by the Company and each of the
                  Subsidiaries.

                           (x)      The Indenture, the Notes, the Guarantees and
                  the Registration Rights Agreement conform in all material
                  respects to the descriptions thereof contained in the Final
                  Memorandum.

                           (xi)     None of the Company or the Subsidiaries is
                  (i) in violation of its certificate of incorporation or bylaws
                  (or similar organizational document) or (ii) to the knowledge
                  of such counsel, in breach or default under (nor has any event
                  occurred that, with notice or passage of time or both, would
                  constitute a default under) or in violation of any of the
                  terms or provisions of any Contract filed as an exhibit to the
                  Company's Form 10-K for the year ended December 31, 2002,
                  except for any such breach, default, violation or event which
                  would not, individually or in the aggregate, have a Material
                  Adverse Effect.

                           (xii)    The execution, delivery and performance of
                  the Senior Credit Facility, this Agreement, the Indenture and
                  the Registration Rights Agreement and the consummation of the
                  transactions contemplated hereby and thereby (including,
                  without limitation, the issuance and sale of the Notes to the
                  Initial Purchasers) will not conflict with or constitute or
                  result in a breach or a default under (or, to the knowledge of
                  such counsel, an event that with notice or pas-

<PAGE>

                                      -19-

                  sage of time or both would constitute a default under or
                  violation) of any of (i) the terms or provisions of any
                  Contract filed as an exhibit to the Company's Form 10-K for
                  the year ended December 31, 2002 (assuming the application of
                  proceeds from the issuance and sale of the Notes as described
                  in the Final Memorandum), except for any such conflict,
                  breach, violation, default or event that could not reasonably
                  be expected to have, individually or in the aggregate, a
                  Material Adverse Effect, (ii) the certificate of incorporation
                  or bylaws (or similar organizational document) of the Company
                  or any of the Subsidiaries, or (iii) to such counsel's
                  knowledge (assuming compliance with all applicable state
                  securities or "Blue Sky" laws and assuming the accuracy of the
                  representations and warranties of the Initial Purchasers in
                  Section 8 of this Agreement) any statute, judgment, decree,
                  order, rule or regulation known to such counsel to be
                  applicable to the Company or any of the Subsidiaries or any of
                  their respective properties or assets, except for any such
                  conflict, breach or violation that would not, individually or
                  in the aggregate, have a Material Adverse Effect.

                           (xiii)   Except for those consents as to which the
                  failure to obtain would not, individually or in the aggregate,
                  have a Material Adverse Effect on the consummation of the
                  transactions contemplated hereby, no consent, approval,
                  authorization or order of any governmental authority is
                  required for the issuance and sale by the Company of the Notes
                  to the Initial Purchasers or the consummation by the Company
                  of the other transactions contemplated hereby, except such as
                  may be required under Blue Sky laws, as to which such counsel
                  need express no opinion, and those which have previously been
                  obtained.

                           (xiv)    To the knowledge of such counsel, there are
                  no legal or governmental proceedings involving or affecting
                  the Company or the Subsidiaries or any of their respective
                  properties or assets that would be required to be described in
                  a prospectus pursuant to the Act that are not described in the
                  Final Memorandum, nor are there, to the knowledge of such
                  counsel, any material contracts or other documents that would
                  be required to be described in a prospectus pursuant to the
                  Act that are not described in the Final Memorandum.

                           (xv)     None of the Company or the Subsidiaries is,
                  or immediately after the sale of the Notes to be sold
                  hereunder and the application of the proceeds from such sale
                  (as described in the Final Memorandum under the caption "Use
                  of Proceeds") will be, an "investment company" as such term is
                  defined in the Investment Company Act of 1940, as amended.

                           (xvi)    No registration under the Act of the Notes
                  is required in connection with the sale of the Notes to the
                  Initial Purchasers as contemplated by this Agreement and the
                  Final Memorandum or in connection with the initial resale of
                  the Notes by the Initial Purchasers in accordance with Section
                  8 of this

<PAGE>

                                      -20-

                  Agreement, and prior to the commencement of the Exchange Offer
                  (as defined in the Registration Rights Agreement) or the
                  effectiveness of the Shelf Registration Statement (as defined
                  in the Registration Rights Agreement), the Indenture is not
                  required to be qualified under the TIA, in each case assuming
                  (a) the accuracy of the representations and warranties of the
                  Initial Purchasers and the Company contained in this
                  Agreement, (b) the due performance of the covenants and
                  agreements of the Company and the Initial Purchasers set forth
                  in this Agreement and (c) the compliance by the Initial
                  Purchasers with the offering and transfer procedures and
                  restrictions described in the Final Memorandum.

                           (xvii)   Neither the consummation of the transactions
                  contemplated by this Agreement nor the sale, issuance,
                  execution or delivery of the Notes will violate Regulation T,
                  U or X of the Board of Governors of the Federal Reserve
                  System.

                           (xviii)  The Senior Credit Facility has been duly
                  authorized and, assuming due authorization, execution and
                  delivery thereof by the lenders and agents party thereto, when
                  executed and delivered by the Company and each subsidiary of
                  the Company a party thereto, will constitute the legal, valid
                  and binding and enforceable instrument of the Company and each
                  such subsidiary party thereto except that the enforcement
                  thereof may be subject to (i) bankruptcy, insolvency,
                  reorganization, fraudulent conveyance, moratorium or other
                  similar laws now or hereafter in effect relating to creditors'
                  rights generally, and (ii) general principles of equity and
                  the discretion of the court before which any proceeding
                  therefor may be brought.

                  At the time the foregoing opinion is delivered, Bryan Cave LLP
         shall additionally state that it has participated in conferences with
         officers and other representatives of the Company, representatives of
         the independent public accountants for the Company, representatives of
         the Initial Purchasers and counsel for the Initial Purchasers, at which
         conferences the contents of the Final Memorandum and related matters
         were discussed, and, although it has not independently verified and is
         not passing upon and assumes no responsibility for the accuracy,
         completeness or fairness of the statements contained in the Final
         Memorandum (except to the extent specified in subsection 7(a)(x)), no
         facts have come to its attention which lead it to believe that the
         Final Memorandum, on the date thereof or at the Closing Date, contained
         an untrue statement of a material fact or omitted to state a material
         fact necessary to make the statements contained therein, in light of
         the circumstances under which they were made, not misleading (it being
         understood that such firm need express no opinion with respect to the
         financial statements and related notes thereto and the other financial
         and accounting data derived from the Company's books and records
         included in the Final Memorandum). The opinion of Bryan Cave LLP
         described in this Section shall be rendered to the Initial Purchasers
         at the request of the Company and shall so state

<PAGE>

                                      -21-

         therein. Such counsel may also state that, insofar as such opinion
         involves factual matters, they have relied, to the extent they deem
         proper, upon the representations and warranties of the Initial
         Purchasers and the Company contained in this Agreement, certificates of
         officers of the Company and any of the Subsidiaries and certificates of
         public officials.

                  References to the Final Memorandum in this subsection (a)
         shall include any amendment or supplement thereto prepared in
         accordance with the provisions of this Agreement at the Closing Date.

                  (b)      On the Closing Date, the Initial Purchasers shall
         have received the opinion, in form and substance satisfactory to the
         Initial Purchasers, dated as of the Closing Date and addressed to the
         Initial Purchasers, of Cahill Gordon & Reindel LLP, counsel for the
         Initial Purchasers, with respect to certain legal matters relating to
         this Agreement and such other related matters as the Initial Purchasers
         may reasonably require. In rendering such opinion, Cahill Gordon &
         Reindel LLP shall have received and may rely upon such certificates and
         other documents and information as it may reasonably request to pass
         upon such matters.

                  (c)      The Initial Purchasers shall have received from E&Y a
         comfort letter or letters dated the date hereof and the Closing Date,
         in form and substance reasonably satisfactory to counsel for the
         Initial Purchasers.

                  (d)      The representations and warranties of the Issuers
         contained in this Agreement shall be true and correct on and as of the
         date hereof and on and as of the Closing Date as if made on and as of
         the Closing Date; the statements of the Company's officers made
         pursuant to any certificate delivered in accordance with the provisions
         hereof shall be true and correct in all material respects on and as of
         the date made and on and as of the Closing Date; the Company shall have
         performed all covenants and agreements and satisfied all conditions on
         its part to be performed or satisfied hereunder at or prior to the
         Closing Date; and, except as described in the Final Memorandum
         (exclusive of any amendment or supplement thereto after the date
         hereof), subsequent to the date of the most recent financial statements
         in such Final Memorandum, there shall have been no event or
         development, and no information shall have become known, that,
         individually or in the aggregate, has or would be reasonably likely to
         have a Material Adverse Effect.

                  (e)      The sale of the Notes hereunder shall not be enjoined
         (temporarily or permanently) on the Closing Date.

                  (f)      Subsequent to the date of the most recent financial
         statements in the Final Memorandum (exclusive of any amendment or
         supplement thereto after the date hereof), none of the Company or any
         of the Subsidiaries shall have sustained any loss or interference with
         respect to its business or properties from fire, flood, hurricane,
         ac-

<PAGE>

                                      -22-

         cident or other calamity, whether or not covered by insurance, or from
         any strike, labor dispute, slowdown or work stoppage or from any legal
         or governmental proceeding, order or decree, which loss or
         interference, individually or in the aggregate, has or would be
         reasonably likely to have a Material Adverse Effect.

                  (g)      The Initial Purchasers shall have received a
         certificate from each of the Company and the Subsidiary Guarantors,
         dated the Closing Date, signed by two authorized officers on behalf of
         the Company or the Subsidiary Guarantors by their respective Chairman
         of the Board, President or any Senior Vice President and the Chief
         Financial Officer, to the effect that, to such officer's knowledge.

                           (i)      the representations and warranties of the
                  Company contained in this Agreement are true and correct on
                  and as of the date hereof and on and as of the Closing Date,
                  and the Company has performed all covenants and agreements and
                  satisfied all conditions on its part to be performed or
                  satisfied hereunder at or prior to the Closing Date;

                           (ii)     at the Closing Date, since the date hereof
                  or since the date of the most recent financial statements in
                  the Final Memorandum (exclusive of any amendment or supplement
                  thereto after the date hereof), no event or development has
                  occurred, and no information has become known, that,
                  individually or in the aggregate, has or would be reasonably
                  likely to have a Material Adverse Effect;

                           (iii)    The audited financial statements included in
                  the Final Memorandum that were audited by Arthur Andersen LLP
                  present fairly in all material respects the financial
                  position, results of operations and cash flows of the
                  applicable entities at the dates and for the periods to which
                  they relate and have been prepared in accordance with
                  generally accepted accounting principles applied on a
                  consistent basis, except as otherwise stated therein; and

                           (iv)     the sale of the Notes hereunder has not been
                  enjoined (temporarily or permanently).

                  (h)      On the Closing Date, the Initial Purchasers shall
         have received the Registration Rights Agreement executed by the
         Company.

                  (i)      On the Closing Date, the Senior Credit Facility shall
         have been executed and delivered by the respective parties thereto in
         form and substance reasonably satisfactory to the Initial Purchasers
         and shall be in full force and effect. The Senior Credit Facility shall
         provide for not less than $250.0 million in revolving borrowings, of
         which up to approximately $91.0 million may be outstanding on the
         Closing Date after giving effect to the application of the net proceeds
         of the sale of the Notes hereunder.

<PAGE>

                                      -23-

                  (j)      The Notes shall be eligible for clearance and
         settlement through The Depository Trust Company.

                  (k)      The Notes shall be designated Portal-eligible
         securities in accordance with the rules and regulations of the NASD.

                  On or before the Closing Date, the Initial Purchasers and
counsel for the Initial Purchasers shall have received such further documents,
opinions, certificates, letters and schedules or instruments relating to the
business, corporate, legal and financial affairs of the Company and the
Subsidiaries as they shall have heretofore reasonably requested from the
Company.

                  All such documents, opinions, certificates, letters, schedules
or instruments delivered pursuant to this Agreement will comply with the
provisions hereof only if they are reasonably satisfactory in all material
respects to the Initial Purchasers and counsel for the Initial Purchasers. Each
of the Issuers shall furnish to the Initial Purchasers such conformed copies of
such documents, opinions, certificates, letters, schedules and instruments in
such quantities as the Initial Purchasers shall reasonably request.

                  Section 8.        Offering of Notes; Restrictions on Transfer.
(a) Each of the Initial Purchasers agrees with the Company (as to itself and its
respective Affiliates) that (i) neither it nor its Affiliates has nor will they
solicit offers for, or offer or sell, the Notes by any form of general
solicitation or general advertising (as those terms are used in Regulation D
under the Act) or in any manner involving a public offering within the meaning
of Section 4(2) of the Act; and (ii) neither it nor its Affiliates has nor will
they solicit offers for the Notes only from, and will offer the Notes only to,
(A) in the case of offers inside the United States, persons whom the Initial
Purchasers reasonably believe to be QIBs or, if any such person is buying for
one or more institutional accounts for which such person is acting as fiduciary
or agent, only when such person has represented to the Initial Purchasers that
each such account is a QIB to whom notice has been given that such sale or
delivery is being made in reliance on Rule 144A and, in each case, in
transactions under Rule 144A and (B) in the case of offers outside the United
States, to persons other than U.S. persons ("non-U.S. purchasers," which term
shall include dealers or other professional fiduciaries in the United States
acting on a discretionary basis for non-U.S. beneficial owners (other than an
estate or trust)); provided, however, that, in the case of this clause (B), in
purchasing such Notes such persons are deemed to have represented and agreed as
provided under the caption "Transfer Restrictions" contained in the Final
Memorandum (or, if the Final Memorandum is not in existence, in the most recent
Memorandum).

                  (b)      Each of the Initial Purchasers represents and
warrants (as to itself and its respective Affiliates) with respect to offers and
sales of securities by it outside the United States that (i) it, its Affiliates
and persons acting on its or their behalf has and will comply with all
applicable laws and regulations in each jurisdiction in which it acquires,
offers, sells or delivers Notes or has in its possession or distributes any
Memorandum or any such other

<PAGE>

                                      -24-

material, in all cases at its own expense; (ii) the Notes have not been and will
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons except in accordance with Regulation S under the Act or
pursuant to an exemption from the registration requirements of the Act; and
(iii) it has offered the Notes and will offer and sell the Notes (A) as part of
its distribution at any time and (B) otherwise until 40 days after the later of
the commencement of the offering and the Closing Date, only in accordance with
Rule 903 of Regulation S and, accordingly, neither it nor any persons acting on
its behalf have engaged or will engage in any directed selling efforts (within
the meaning of Regulation S) with respect to the Notes, and any such persons
have complied and will comply with the offering restrictions requirement of
Regulation S.

                  Terms used in this Section 8 and not defined in this Agreement
have the meanings given to them in Regulation S.

                  Section 9.        Indemnification and Contribution. (a) The
Issuers, jointly and severally, agree to indemnify and hold harmless each
Initial Purchaser, its affiliates and each person, if any, who controls any
Initial Purchaser within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act against any losses, claims, damages or liabilities to which any
Initial Purchaser, such affiliate or such controlling person may become subject
under the Act, the Exchange Act or otherwise, insofar as any such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon the following:

                  (i)      any untrue statement or alleged untrue statement of
         any material fact contained in any Memorandum or any amendment or
         supplement thereto; or

                  (ii)     the omission or alleged omission to state, in any
         Memorandum or any amendment or supplement thereto, a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading;

and will reimburse, as incurred, the Initial Purchasers and each such
controlling person for any legal or other expenses incurred by the Initial
Purchasers or such controlling person in connection with investigating,
defending against or appearing as a third-party witness in connection with any
such loss, claim, damage, liability or action; provided, however, that the
Issuers will not be liable in any such case to the extent that any such loss,
claim, damage, liability or action arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission (i) made
in any Memorandum or any amendment or supplement thereto in reliance upon and in
conformity with written information concerning the Initial Purchasers furnished
to the Company by the Initial Purchasers through Deutsche Bank Securities Inc.
specifically for use therein as set forth in Section 12 or (ii) made in any
Memorandum or any amendment or supplement thereto, if a copy of the Final
Memorandum, or any amendment or supplement, if applicable, was not delivered by
or on behalf of an Initial Purchaser to the person asserting any claim against
such Initial Purchaser and the untrue statement or alleged untrue statement in
or omission or alleged omission from such Memorandum or any amendment or
supplement thereto was corrected in the Final Memorandum, or any

<PAGE>

                                      -25-

amendment or supplement, if applicable, unless such failure to deliver the Final
Memorandum or any amendment or supplement thereto was a result of noncompliance
by the Company with Section 5(d) hereof. The indemnity provided for in this
Section 9 will be in addition to any liability that the Issuers may otherwise
have to the indemnified parties. None of the Issuers shall be liable under this
Section 9 for any settlement of any claim or action effected without its prior
written consent, which shall not be unreasonably withheld.

                  (b)      Each Initial Purchaser, severally and not jointly,
agrees to indemnify and hold harmless the Issuers, their respective directors,
officers and each person, if any, who controls the Company within the meaning of
Section 15 of the Act or Section 20 of the Exchange Act against any losses,
claims, damages or liabilities to which the Company or any such director,
officer or controlling person may become subject under the Act, the Exchange Act
or otherwise, insofar as such losses, claims, damages or liabilities (or actions
in respect thereof) arise out of or are based upon (i) any untrue statement or
alleged untrue statement of any material fact contained in any Memorandum or any
amendment or supplement thereto, or (ii) the omission or the alleged omission to
state therein a material fact required to be stated in any Memorandum or any
amendment or supplement thereto, or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such untrue
statement or alleged untrue statement or omission or alleged omission was made
in reliance upon and in conformity with written information concerning such
Initial Purchaser furnished to the Company by such Initial Purchaser through
Deutsche Bank Securities Inc. specifically for use therein; and subject to the
limitation set forth immediately preceding this clause, will reimburse, as
incurred, any legal or other expenses incurred by the Issuers or any such
director, officer or controlling person in connection with investigating or
defending against or appearing as a third-party witness in connection with any
such loss, claim, damage, liability or action in respect thereof. The indemnity
provided for in this Section 9 will be in addition to any liability that the
Initial Purchasers may otherwise have to the indemnified parties. The Initial
Purchasers shall not be liable under this Section 9 for any settlement of any
claim or action effected without their consent, which shall not be unreasonably
withheld. None of the Issuers shall, without the prior written consent of the
Initial Purchasers (which consent shall not be unreasonably withheld), effect
any settlement or compromise of any pending or threatened proceeding in respect
of which any Initial Purchaser is or could have been a party, or indemnity could
have been sought hereunder by any Initial Purchaser, unless such settlement (A)
includes an unconditional written release of the Initial Purchasers, in form and
substance reasonably satisfactory to the Initial Purchasers, from all liability
on claims that are the subject matter of such proceeding and (B) does not
include any statement as to an admission of fault, culpability or failure to act
by or on behalf of any Initial Purchaser.

                  (c)      Promptly after receipt by an indemnified party under
this Section 9 of notice of the commencement of any action for which such
indemnified party is entitled to indemnification under this Section 9, such
indemnified party will, if a claim in respect thereof is to be made against the
indemnifying party under this Section 9, notify the indemnifying party of the
commencement thereof in writing; but the omission to so notify the indemnifying
party (i) will not relieve it from any liability under paragraph (a) or (b)
above unless and to the ex-

<PAGE>

                                      -26-

tent such failure results in the forfeiture by the indemnifying party of
substantial rights and defenses and (ii) will not, in any event, relieve the
indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraphs (a) and (b) above. In case any
such action is brought against any indemnified party, and it notifies the
indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate therein and, to the extent that it may wish, jointly
with any other indemnifying party similarly notified, to assume the defense
thereof, with counsel reasonably satisfactory to such indemnified party;
provided, however, that if (i) the use of counsel chosen by the indemnifying
party to represent the indemnified party would present such counsel with a
conflict of interest, (ii) the defendants in any such action include both the
indemnified party and the indemnifying party and the indemnified party shall
have been advised by counsel that there may be one or more legal defenses
available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party, or (iii) the
indemnifying party shall not have employed counsel reasonably satisfactory to
the indemnified party to represent the indemnified party within a reasonable
time after receipt by the indemnifying party of notice of the institution of
such action, then, in each such case, the indemnifying party shall not have the
right to direct the defense of such action on behalf of such indemnified party
or parties and such indemnified party or parties shall have the right to select
separate counsel to defend such action on behalf of such indemnified party or
parties provided, however, in said event the indemnifying party will not be made
liable for the expense of more than one separate counsel. After notice from the
indemnifying party to such indemnified party of its election so to assume the
defense thereof and approval by such indemnified party of counsel appointed to
defend such action, the indemnifying party will not be liable to such
indemnified party under this Section 9 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof, unless (i) the
indemnified party shall have employed separate counsel in accordance with the
proviso to the immediately preceding sentence (it being understood, however,
that in connection with such action the indemnifying party shall not be liable
for the expenses of more than one separate counsel (in addition to local
counsel) in any one action or separate but substantially similar actions in the
same jurisdiction arising out of the same general allegations or circumstances,
designated by the Initial Purchasers in the case of paragraph (a) of this
Section 9 or the Issuers in the case of paragraph (b) of this Section 9,
representing the indemnified parties under such paragraph (a) or paragraph (b),
as the case may be, who are parties to such action or actions) or (ii) the
indemnifying party has authorized in writing the employment of counsel for the
indemnified party at the expense of the indemnifying party or (iii) the
indemnifying party has failed to employ counsel reasonably satisfactory to the
indemnified party. All fees and expenses reimbursed pursuant to this paragraph
(c) shall be reimbursed as they are incurred. After such notice from the
indemnifying party to such indemnified party, the indemnifying party will not be
liable for the costs and expenses of any settlement of such action effected by
such indemnified party without the prior written consent of the indemnifying
party (which consent shall not be unreasonably withheld), unless such
indemnified party waived in writing its rights under this Section 9, in which
case the indemnified party may effect such a settlement without such consent.

<PAGE>

                                      -27-

                  (d)      In circumstances in which the indemnity agreement
provided for in the preceding paragraphs of this Section 9 is unavailable to, or
insufficient to hold harmless, an indemnified party in respect of any losses,
claims, damages or liabilities (or actions in respect thereof), each
indemnifying party, in order to provide for just and equitable contribution,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect (i) the relative
benefits received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the offering of the Notes or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by applicable
law, not only such relative benefits but also the relative fault of the
indemnifying party or parties on the one hand and the indemnified party on the
other in connection with the statements or omissions or alleged statements or
omissions that resulted in such losses, claims, damages or liabilities (or
actions in respect thereof). The relative benefits received by the Issuers on
the one hand and any Initial Purchaser on the other shall be deemed to be in the
same proportion as the total proceeds from the offering (before deducting
expenses) received by the Issuers bear to the total discounts and commissions
received by such Initial Purchaser. The relative fault of the parties shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by the Issuers on the one hand
or such Initial Purchaser on the other, the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or
omission or alleged statement or omission, and any other equitable
considerations appropriate in the circumstances. Each of the Issuers and the
Initial Purchasers agree that it would not be equitable if the amount of such
contribution were determined by pro rata or per capita allocation or by any
other method of allocation that does not take into account the equitable
considerations referred to in the first sentence of this paragraph (d).
Notwithstanding any other provision of this paragraph (d), no Initial Purchaser
shall be obligated to make contributions hereunder that in the aggregate exceed
the total discounts, commissions and other compensation received by such Initial
Purchaser under this Agreement, less the aggregate amount of any damages that
such Initial Purchaser has otherwise been required to pay by reason of the
untrue or alleged untrue statements or the omissions or alleged omissions to
state a material fact, and no person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this paragraph (d), each person, if any, who
controls an Initial Purchaser (or any affiliate thereof) within the meaning of
Section 15 of the Act or Section 20 of the Exchange Act shall have the same
rights to contribution as the Initial Purchasers, and each director of the
Issuers, each officer of the Issuers and each person, if any, who controls the
Company within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act, shall have the same rights to contribution as the Company. The
Initial Purchasers' obligations to contribute pursuant to paragraph (d) above
are several in proportion to their respective purchase obligations hereunder and
not joint.

<PAGE>

                                      -28-

                  Section 10.       Survival Clause. The respective
representations, warranties, agreements, covenants, indemnities and other
statements of the Issuers, their officers and the Initial Purchasers set forth
in this Agreement or made by or on behalf of them pursuant to this Agreement
shall remain in full force and effect, regardless of (i) any investigation made
by or on behalf of the Issuers, any of their officers or directors, the Initial
Purchasers or any controlling person referred to in Section 9 hereof and (ii)
delivery of and payment for the Notes. The respective agreements, covenants,
indemnities and other statements set forth in Sections 6, 9, 10 and 15 hereof
shall remain in full force and effect, regardless of any termination or
cancellation of this Agreement.

                  Section 11.       Termination. (a) This Agreement may be
terminated in the sole discretion of the Initial Purchasers by notice to the
Company given prior to the Closing Date in the event that the Company shall have
failed, refused or been unable to perform all obligations and satisfy all
conditions on its part to be performed or satisfied hereunder at or prior
thereto or, if at or prior to the Closing Date,

                  (i)      the Company or the Subsidiaries, taken as one
         enterprise; shall have sustained any loss or interference with respect
         to its businesses or properties from fire, flood, hurricane, accident
         or other calamity, whether or not covered by insurance, or from any
         strike, labor dispute, slowdown or work stoppage or any legal or
         governmental proceeding, which loss or interference, in the sole
         judgment of the Initial Purchasers, has had or has a Material Adverse
         Effect, or there shall have been, in the sole judgment of the Initial
         Purchasers, any event or development that, individually or in the
         aggregate, has or could be reasonably likely to have a Material Adverse
         Effect (including without limitation a change in control of the Company
         or the Subsidiaries), except in each case as described in the Final
         Memorandum (exclusive of any amendment or supplement thereto);

                  (ii)     trading in securities of the Company or in securities
         generally on the New York Stock Exchange, American Stock Exchange or
         the NASDAQ National Market shall have been suspended or materially
         limited or minimum or maximum prices shall have been established on any
         such exchange or market;

                  (iii)    a banking moratorium shall have been declared by New
         York or United States authorities or a material disruption in
         commercial banking or securities settlement or clearance services in
         the United States;

                  (iv)     there shall have been (A) an outbreak or escalation
         of hostilities between the United States and any foreign power, or (B)
         an outbreak or escalation of any other insurrection or armed conflict
         involving the United States or any other national or international
         calamity or emergency, or (C) any material change in the financial
         markets of the United States which, in the case of (A), (B) or (C)
         above and in the sole judgment of the Initial Purchasers, makes it
         impracticable or inadvisable to proceed

<PAGE>

                                      -29-

         with the offering or the delivery of the Notes as contemplated by the
         Final Memorandum; or

                  (v)      any securities of the Company shall have been
         downgraded or placed on any "watch list" for possible downgrading by
         any nationally recognized statistical rating organization (as defined
         for purposes of Rule 436(g) under the Act).

                  (b)      Termination of this Agreement pursuant to this
Section 11 shall be without liability of any party to any other party except as
provided in Section 10 hereof.

                  Section 12.       Information Supplied by the Initial
Purchasers. The statements set forth in the second to last paragraph on the
front cover page, in the third and fourth sentences of the third paragraph, in
the third sentence of the fifth paragraph and the sixth paragraph under the
heading "Private Placement" in the Final Memorandum (to the extent such
statements relate to the Initial Purchasers) constitute the only information
furnished by the Initial Purchasers to the Company for the purposes of Sections
2(a) and 9 hereof.

                  Section 13.       Notices. All communications hereunder shall
be in writing and, if sent to the Initial Purchasers, shall be mailed or
delivered to Deutsche Bank Securities Inc., 60 Wall Street, New York, New York
10005, Attention: Corporate Finance Department, with a copy to Cahill Gordon &
Reindel LLP, 80 Pine Street, New York, New York 10005, Attention: William M.
Hartnett; and if sent to the Company, shall be mailed or delivered to the
Company at 7420 S. Kyrene Road, Suite 101, Tempe, Arizona 85283, Attention:
Larry Trachtenberg; with a copy to Bryan Cave LLP, 2 No. Central Ave., Suite
2200, Phoenix, Arizona 85004-4406, Attention: Joseph P. Richardson.

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

                  Section 14.       Successors. This Agreement shall inure to
the benefit of and be binding upon the Initial Purchasers, the Company and their
respective successors and legal representatives, and nothing expressed or
mentioned in this Agreement is intended or shall be construed to give any other
person any legal or equitable right, remedy or claim under or in respect of this
Agreement, or any provisions herein contained; this Agreement and all conditions
and provisions hereof being intended to be and being for the sole and exclusive
benefit of such persons and for the benefit of no other person except that (i)
the indemnities of the Company contained in Section 9 of this Agreement shall
also be for the benefit of any person or persons who control the Initial
Purchasers within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act and (ii) the indemnities of the Initial Purchasers contained in
Section 9 of this Agreement shall also be for the benefit of the directors of
the Company, its officers and any person or persons who control the Company
within the meaning of Sec-

<PAGE>

                                      -30-

tion 15 of the Act or Section 20 of the Exchange Act. No purchaser of Notes from
the Initial Purchasers will be deemed a successor because of such purchase.

                  Section 15.       APPLICABLE LAW. THE VALIDITY AND
INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH HEREIN
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY THEREIN,
WITHOUT GIVING EFFECT TO ANY PROVISIONS THEREOF RELATING TO CONFLICTS OF LAW.

                  Section 16.       Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.

<PAGE>

                                      -31-

                  If the foregoing correctly sets forth our understanding,
please indicate your acceptance thereof in the space provided below for that
purpose, whereupon this letter shall constitute a binding agreement between the
Company and the Initial Purchasers.

                                           Very truly yours,

                                           MOBILE MINI, INC.

                                           By: _________________________________
                                               Name:
                                               Title:

                                           EACH OF THE GUARANTORS
                                           LISTED ON SCHEDULE I HERETO

                                           By: _________________________________
                                               Name:
                                               Title:

<PAGE>

                                                               EXECUTION VERSION

The foregoing Agreement is hereby confirmed and accepted as of the date first
above written.

DEUTSCHE BANK SECURITIES INC.

By: _____________________________________
    Name:
    Title:

By: _____________________________________
    Name:
    Title:

CIBC WORLD MARKETS CORP.

By: _____________________________________
    Name:
    Title:

J.P. MORGAN SECURITES INC.

By: _____________________________________
    Name:
    Title:

FLEET SECURITIES, INC.

By: _____________________________________
    Name:
    Title:

<PAGE>

                                                                      SCHEDULE I

                           Subsidiaries of the Company

<TABLE>
<CAPTION>
                                                          Jurisdiction of
                   Name                                    Incorporation
                   ----                                   ---------------
<S>                                                       <C>
DELIVERY DESIGN SYSTEMS, INC.                               Arizona

MOBILE MINI, LLC                                            California

MOBILE MINI, LLC                                            Delaware

MOBILE MINI I, INC.                                         Arizona

MOBILE MINI HOLDINGS, INC.                                  Delaware

MOBILE MINI OF OHIO, LLC                                    Delaware

MOBILE MINI TEXAS LIMITED PARTNERSHIP, L. L. P.             Texas
</TABLE>

<PAGE>

                                                                     SCHEDULE II

<TABLE>
<CAPTION>
             Initial Purchaser                      Principal Amount of Notes
             -----------------                      -------------------------
<S>                                                 <C>
Deutsche Bank Securities Inc. .................           $ 56,250,000

CIBC World Markets Corp........................             56,250,000

J.P. Morgan Securities Inc. ...................             22,500,000

Fleet Securities, Inc. ........................             15,000,000
                                                          ------------

         Total.................................           $150,000,000
</TABLE>

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