Document:

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                                                                    EXHIBIT 10.2

                                SUPPLY CONTRACT

         This Supply Contract (this "Supply Contract") is made as of March 29,
2000 between Wire Harness Industries, Inc., a Delaware corporation with an
office and place of business at 101 South Hanley Road, Suite 400, St. Louis,
Missouri 63105 (hereinafter, together with its subsidiaries, "Harness" or
"Buyer") and International Wire Group, Inc., a Delaware corporation with an
office and place of business at 101 South Hanley Road, Suite 1050, St. Louis,
Missouri 63105 (hereinafter, "IWG" or "Seller").

                                  WITNESSETH:

         WHEREAS, the seller is engaged in the business of manufacturing,
distributing and selling wire for use in the appliance and other industries
(hereinafter, the "Business");

         WHEREAS, the seller and Viasystems International Inc. ("Viasystems")
have entered into a Stock Purchase Agreement (the "Stock Purchase Agreement")
dated as of today's date pursuant to which Viasystems has agreed to purchase
Wirekraft Industries, Inc. ("Wirekraft"), the parent company of Buyer and
Seller has agreed to sell Wirekraft.

         WHEREAS, in connection with such Stock Purchase Agreement, Buyer and
Seller desire to formalize the terms upon which Seller sells and Buyer
purchases insulated wire products for use in the present business conducted by
Buyer and any affiliate of Buyer (the "Present Business");

         WHEREAS, the Seller desires to sell and the Buyer desires to purchase
one hundred percent (100%) of the Buyer's requirements for Products, as defined
below, for the Present Business, all in accordance with the terms and
conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the foregoing, the representations
and agreements hereinafter set forth and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Seller and
the Buyer hereby mutually agree as follows:

                                ARTICLE I - TERM

1.1  The initial term of this Agreement (the "Initial Term") shall be from the
     date hereof (the "Effective Date") and shall continue in effect until the
     third anniversary of the Effective Date (the "Initial Termination Date").

1.2  This Supply Contract shall be automatically renewed for additional one year
     periods (each an "Option Term" and, the end of each such Option Term, an
     "Optional Termination Date"), unless Harness gives notice to IWG or IWG
     gives notice of its intention not to renew the Supply Contract at least six
     (6) months
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         prior to the Initial Termination Date or any Option Termination Date.
         The terms and conditions of this Supply Contract in any Option Term
         shall be the same as in the Initial Term.

                      ARTICLE II - PRODUCT/SPECIFICATIONS

2.1      The terms and conditions of this Supply Contract shall govern the
         purchase by Buyer from Seller of Wire, including the part numbers and
         specifications of which are listed on Exhibit A hereto which is, by
         this reference, incorporated herein, as amended from time to time
         (hereinafter "Existing Products(s)"), together with all Wire that is
         not an Existing Product, including Wire which results from a redesign,
         modification or enhancement of an Existing Product (the "Developed
         Product(s)" and, together with the Existing Products, the
         "Products(s)"). In the event that there are Developed Products which
         Buyer desires to purchase for the Present Business, Buyer shall give
         reasonably sufficient advance notice of its requirements for such
         Developed Products to Seller so that Seller can produce in a
         commercially reasonable time period a written production plan to
         demonstrate Seller's ability to supply such Developed Products for the
         Present Business. In the event that Seller can reasonably demonstrate
         to Buyer its ability to supply such Developed Products for the Present
         Business, the Developed Products will be included in this Agreement as
         Products and an initial price shall be established for such Developed
         Product, in writing, by the parties hereto. The parties shall establish
         such price based on a comparative analysis for such Developed Products,
         including without limitation, reference to the current prices charged
         hereunder for an Existing Product similar in design or application to
         the Developed Product with due consideration to any change in cost
         associated with the materials used in the Developed Product in relation
         to the Existing Product and any development cost associated with such
         Developed Product; provided however such prices shall not exceed prices
         based on competitive quotes.

                             ARTICLE III - QUANTITY

3.1      Except as otherwise provided herein, during the Initial Term and any
         Option Term of this Supply Contract, Buyer agrees to purchase from
         Seller, and Seller agrees to supply to Buyer, one hundred percent
         (100%) of Buyer's requirements of Products for the Present Business.
         Buyer's requirements of Products shall include Viasystems Group Inc.,
         and it's subsidiaries, ("Viasystems") to the extent such products are
         used in applications for the Present Business.

3.2      Buyer (on behalf of itself or Viasystems) reserves the right, but shall
         not be obligated, to purchase Products under this Agreement to supply
         all or part of the Product requirements outside the Present Business.

3.3      Buyer reserves the right to purchase Products from an alternate
         manufacturer for any of its locations for development and testing
         purposes only, provided that such Products are not used in Buyer's
         business for commercial resale.

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                                ARTICLE IV - PRICE

4.1  Unless otherwise agreed to by parties in writing all amounts invoiced and
     payable under this Supply Contract shall be paid in U.S. dollars and all
     amounts shall be due and payable by wire transfer of immediately available
     funds in 45 days from the date of shipment.

4.2  Within twenty (20) days of execution of this Supply Contract, Seller shall
     submit to Buyer a completed copy of all Existing Products by part number
     with copper weight per thousand feet, copper premiums per pound, compounds,
     (PVC, Silicones, XLPE) and packaging cost per shipping unit. Exhibit A
     shall assist Buyer in determining the validity of price for raw materials
     from Seller in accordance with Section 4.3 herein below during the Initial
     Term of this Supply Contract, as well as any Option Term. The Price for
     each Existing Product should be set forth as Exhibit B, attached hereto.

     The list of Developed Products that are hereinafter sold by Seller to Buyer
     in accordance with this Supply Contract shall be added to Exhibit A and the
     price for such Developed Products shall be added to Exhibit B.

4.3  During the initial Term and any Option Term of this Supply Contract, the
     price of Products shall be as set forth on Exhibit B (subject to the
     adjustments described in Sections 4.3.1, 4.3.2, and 4.3.3, 4.4 and 4.5
     hereof).

     4.3.1  Raw Material Price Adjustment. During the term of the Supply
            Contract, the price of Products shall be increased or decreased, as
            the case may be and from time to time, to reflect changes in the
            cost to Seller of each raw material (as hereinafter defined) to the
            extent, but not only to the extent, that such change exceeds 5%
            of the cost of such raw material as of January 1, 2000.

            For the purposes of this Supply Contract, the cost or price of "raw
            materials" shall include (i) the cost of any materials (other than
            copper) that are used to manufacture Wire, (ii) freight charges
            related to the transportation of such raw material, and (iii) any
            premium paid in connection with the acquisition of any raw material,
            including copper.

     4.3.2  Tax or Tariff Changes. In the event of any changes in the tax,
            tariff, surcharge or other similar charges (collectively, "Taxes")
            that are added by any governmental entity as of the date hereof in
            connection with the importation of raw material that increase or
            decrease the cost of such raw materials, then the price of Products
            shall be automatically increased or decreased, as the case may be,
            to reflect any such increase or decrease in Taxes incurred by
            Seller in connection with the importation of raw materials.
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     4.3.3  Copper Price Adjustments. During the term of this Agreement, the
            price of Wire will be adjusted on the 1st of each month to reflect
            the prior month's spot COMEX average cost per pound of High Grade
            Copper Cathode. The monthly adjustment will be based on the copper
            weight per pound for each number. The weight for each copper
            construction shall be as set forth in accordance with Exhibit A.

4.4  If at any time during the Initial Term or any Option Term of this Supply
     Contract, Seller provides more favorable terms for the Products to a
     customer other than Buyer, than those terms, including prices, which Buyer
     is receiving for the same Product pursuant to this Supply Contract, then
     (a) Seller will promptly notify Buyer and (b) so long as Buyer is in
     compliance with its obligations under this Supply Contract. Seller shall
     grant equally favorable terms, including prices, to Buyer as those granted
     to such other customer.

4.5  In the event that Buyer receives an offer from a viable source to supply
     similar Products of all types provided hereunder in similar quantities and
     at a lower total cost than that offered by Seller and under substantially
     similar terms as those offered by Seller in this Agreement, Buyer shall
     have the obligation to give Seller the option of meeting such lower total
     cost. In the event Seller does not meet such lower total cost, Buyer shall
     be allowed to terminate this Agreement or terminate its obligation to buy
     particular Products hereunder, with sixty (60) days written notification,
     without further obligation to Seller.

4.6  Freight Terms. The Freight terms under this Agreement unless otherwise
     changed by the parties hereto in writing, shall be as follows: FOB Buyers
     Dock, Henry Brennen Drive, El Paso, Texas.

                              ARTICLE V - DELIVERY

5.1  As of the Effective Date, Buyer Shall provide Seller with its good faith
     written 4-week rolling forecast by Plant of requirements for Products (the
     "Forecast"). Such Forecast shall be updated no less frequently than every
     week so that as of each update, the Forecast shall cover a 4-week period.

5.2  Buyer shall issue a purchase order (the "Purchase Order") to Seller
     covering all purchases of Products by Buyer pursuant to this Supply
     Contract and specifying a scheduled delivery date for the Products (the
     "Scheduled Delivery Date"), which such Scheduled Delivery Date shall be
     between two (2) and four (4) weeks after the date the Purchase Order is
     delivered, or as otherwise agreed by the parties to this Agreement in
     writing. Seller shall maintain a maximum lead time ("Lead Time") of four
     (4) weeks on all Products identified in Exhibit A hereto. Seller agrees to
     supply Products to Buyer within the Lead Time.
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5.3    Seller shall also use its reasonable best efforts to supply Products by
       the Scheduled Delivery Date. Seller must immediately advise Buyer
       details of its inability to supply Products by the Scheduled Delivery
       Date.

5.4    if, at any time, Seller is unable to meet Buyer's Scheduled Delivery
       Date and delivery requirements reflected in the Purchase Order, Buyer
       can elect to purchase the Products affected thereby from an alternate
       source. Seller should not reject a Scheduled Delivery Date which is
       requested by Buyer at in or after the Lead Time. If Seller is unable to
       meet Buyer's Scheduled Delivery Date which is requested by Buyer at or
       greater than the Lead Time, Buyer shall recover from the Seller any
       excess costs, expenses, or penalties incurred by Buyer, due to the
       failure by Seller to supply the Product by the Scheduled Delivery Date.

5.5    If Seller's acts or omissions result in Seller's failure to meet Buyer's
       Scheduled Delivery Date or delivery requirements for Products reflected
       in the Purchase Order and Buyer requires a more expeditious method of
       transportation for the Products than the transportation method
       originally specified, then Seller shall ship the Products as
       expeditiously as possible at Seller's sole expense.

5.6    Shipments shall be made both in quantities, rounded up to the nearest
       multiple of Seller's standard packaging quantity.

5.7    If Buyer's acts or omissions result in Seller's failure to meet Buyer's
       delivery requirements for Products reflected in the Purchase Order and
       Buyer requires a more expeditious method of transportation for the
       Products, other than the transportation method originally specified,
       then Seller shall ship the Products as expeditiously as possible at
       Buyer's sole expense.

5.8    Subject to Article XI hereof, if the material forecasted in accordance
       with Article 5.1 is not purchased in 60 days, the Seller will notify the
       Buyer and the Buyer will issue a purchase order to the Seller for this
       material within five (5) days from notification for immediate delivery.

                       ARTICLE VI - TECHNICAL ASSISTANCE

6.1    Upon request of Buyer, Seller agrees to provide reasonable technical
       assistance in reviewing the cause of any performance problems
       experienced by Buyer in any component, sub-assembly and final assembly
       that contains components produced using Seller's Products supplied
       pursuant to this Supply Contract; provided, however, that such
       performance problem is reasonably believed by Buyer to be caused by
       Seller's Products.

6.2    Seller agrees to use best efforts to provide resources to engineer,
       manufacture and provide to Buyer the most technically advanced, highest
       quality, and commercially competitive Product available in the wire
       industry.
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6.3    Seller shall assist Buyer's product engineering department with technical
       issues regarding Seller's current Products and shall provide any
       reasonable resources necessary to Buyer to resolve these issues.

                             ARTICLE VII - NOTICES

7.1    All notices required or permitted hereunder shall be in writing and
       shall be deemed to be properly given when personally delivered to an
       officer or designated representative of the party entitled to receive
       the notice or when sent by certified or registered first class mail,
       postage prepaid, or by telecopy, hand delivery, or overnight courier,
       properly addressed to the party entitled to receive such notice at the
       address stated below:

       If to Seller:

               International Wire Group, Inc.
               101 South Hanley Road, Suite 1050
               St. Louis, Missouri 63105
               Attn:  President and Chief Operating Officer
                      International Wire Group, Inc.

       If to Buyer:

               Wire Harness Industries, Inc.
               101 South Hanley Road, Suite 1050
               St. Louis, Missouri 63105
               Attn:  President, Wire Harness Industries, Inc.

                             ARTICLE VIII - QUALITY

8.1    Seller expressly warrants to Buyer and to purchasers of Buyer's Products
       that at the time of delivery the Products called for by this Supply
       Contract (including tooling, if any), or any Purchase Order pursuant
       hereto, will conform to the applicable specifications, and the drawings,
       samples and/or descriptions relating thereto, furnished to Seller from
       Buyer.

8.2    At all times, Seller expressly warrants that the Products called for by
       this Supply Contract, or any Purchase Order issued pursuant hereto, will
       be free from material defects in materials and workmanship.

8.3    Seller warrants that it will use its best efforts to ensure that all
       Products and/or services provided herein shall conform in all material
       respects to the Buyer's furnished specifications. Upon written request,
       Seller shall provide to Buyer copies of such documents and records
       reasonably requested by Buyer in order to verify compliance with this
       Supply Contract including this Section 9.3, provided, however, that
       Seller shall not be required to provide Buyer with any

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     documents or records that it determines in good faith to confidential and
     competitively sensitive or which would violate applicable Law.

8.4  If Seller provides Products to Buyer that do not conform to the Buyer's
     furnished specifications or are otherwise defective or do not conform to a
     Purchase Order issued pursuant to this Agreement, Buyer shall handle and
     be responsible for every claim of damage or injury that is based upon a
     breach of the foregoing warranty.

8.5  Seller agrees to use its best efforts to track claims of nonconforming
     Products, and to work with Buyer to reduce the numbers of such claims by
     improving the Products to eliminate defects and/or nonconformities.

                          ARTICLE IX - CONFIDENTIALITY

9.1  "Propriety Information" shall for the purpose of this Supply Contract,
     mean information disclosed by Buyer or Seller (the "Disclosing Party") to
     the other party (the "Receiving Party") and identified in writing or other
     tangible form at the time of disclosure or, within thirty (30) days of oral
     disclosure, as "Proprietary."

9.2  Except as required by law, judicial or governmental order, discovery
     request, other legal process or pronouncement or the rules of any national
     stock exchange or the Nasdaq Stock Market (collectively, "Law"), the
     Receiving Party shall protect as proprietary and keep confidential all
     Proprietary Information in accordance with the terms of this Article 9
     including, but not limited to, designs, processes, drawings,
     specifications, reports, data, terms and conditions and other technical or
     business information and the features of all parts, equipment, tools,
     gauges, patterns, and other items furnished or disclosed to the Receiving
     Party by the Disclosing Party (hereinafter referred to as "Proprietary
     Goods"). Unless otherwise provided herein or authorized by the Disclosing
     Party in writing, the Receiving Party shall use such Proprietary
     Information or Proprietary Goods, and the features thereof, only in the
     performance of its obligations under this Supply Contract.  Upon completion
     or termination of this Supply Contract, or any Purchase Order pursuant
     hereto, the Receiving Party shall, at the Disclosing Party's expense, make
     such disposition of all such Proprietary Information or Proprietary Goods
     as herein required or as may be subsequently requested by the Receiving
     Party, including, but not limited to, any studies, analyses, compilations,
     or other materials prepared in whole or in party based on said Proprietary
     Information or Proprietary Goods.

9.3  In protecting the Disclosing Party's Proprietary Information in accordance
     with Article 9.2 above, the Receiving Party agrees to exercise reasonable
     steps at the Disclosing Party's expense to safeguard the confidentiality of
     the Proprietary Information consistent with the steps the Receiving Party
     uses to safeguard its own information consistent with the steps the
     Receiving Party uses to safeguard its own information of like kind and,
     except as required by Law, not to disclose any part of it to any third
     person except to such of the Receiving Party's employees, advisors, counsel
     and other representatives as need to know such information for
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     the purpose of performing obligations under this Supply Contract and whom
     such party has directed to preserve the confidentiality of the Proprietary
     Information.

9.4  No right or license, either express or implied, under any patent,
     copyright, trade secret, for Proprietary Information, Proprietary Goods or
     other information is granted hereunder.

9.5  The obligations of this Article 9 shall survive the termination of this
     Supply Contract for a period of two (2) years following such termination.

9.6  The Article 9 shall not affect the Receiving Party's rights to use or
     disclose information:

     (a)  which is or may hereafter be in the public domain; or

     (b)  which the Receiving Party can show was known to it prior to the
          disclosure by the Disclosing Party pursuant to the terms of this
          Supply Contract; or

     (c)  which is disclosed to the Receiving Party by a third party and, to the
          knowledge of the Receiving party, was not disclosed by such third
          party in violation of any agreement between the Disclosing Party and
          such third party; or

     (d)  which is or may hereafter be disclosed by the Disclosing Party to a
          third party without similar restrictions on disclosure or use; or

     (e)  which is independently developed by the Receiving Party without the
          use of the Proprietary Information or Proprietary Goods; or

     (f)  which is required to be disclosed by Law, provided that notice of such
          disclosure is promptly provided to the Disclosing Party in order that
          it may have every reasonable opportunity to intercede in such process
          to contest such disclosure.

                            ARTICLE X - TERMINATION

10.1 In the event of a material breach of the terms of this Supply Contract by
     either party hereto, the non-defaulting party may notify the defaulting
     party of such default, specifying in reasonable detail the nature of such
     default. Upon receipt of such notice, the parties shall promptly meet and
     jointly develop, in good faith, a plan setting forth the steps to be
     implemented to enable the defaulting party to cure the default and
     prospectively comply with the terms and conditions of this Supply Contract,
     which plan shall include the time period for implementing such plan which
     shall in no even exceed 30 days (the "Action Plan"). If the defaulting
     party does not comply with the terms of the Action Plan within the time
     period(s) specified therein, the non-defaulting party may, in addition to
     any other rights and

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         remedies it may have at law or in equity, unless such default is cured
         within thirty (30) days of such party's failure to comply with the
         Action Plan, either (a) terminate the Supply Contract, or (b) if the
         material breach of this Supply Contract is due to Seller's failure to
         deliver certain Products in accordance herewith, cancel any Purchase
         Order or portion thereof relating to those Products and/or eliminate
         such Products from Buyer's purchase requirements pursuant to this
         Supply Contract.

10.2     Either party shall also have the right to immediately terminate this
         Agreement or any Purchase Order issued pursuant hereto without further
         cost or liability to such party in the event of (i) the appointment of
         a receiver or trustee for the other party, or (ii) the execution by the
         other party of any assignment for the benefit of creditors; provided,
         that the petition, appointment or assignment referenced in
         sub-paragraphs (i) through (ii) above is not vacated or nullified
         within fifteen (15) days of such event.

                  ARTICLE XI - CANCELLATION OF PURCHASE ORDER

11.1     Without limiting the generality of the foregoing, the Buyer may, by
         giving written notice to Seller, terminate any Purchase Order issued
         pursuant hereto, in whole or in part, if at any time Buyer's customers
         terminate a related agreement, Purchase Order with Buyer for any
         reason.

11.2     After Seller's receipt of such notice of termination, Seller shall
         immediately terminate all work under Buyer's Purchase Order. Buyer's
         liability to Seller with respect to such termination shall be limited
         to (x)(i). The purchase price set forth in this Supply Contract for
         Products not salable to Seller's other customers or useable in Seller's
         other operations in the ordinary course of business over a reasonable
         period of time, (ii) Seller's verifiable incurred manufacturing costs
         for work in process at the date of notice of termination (not to
         exceed the number of Products ordered and reflected in the Forecast
         through the manufacturing interval) and (iii) Seller's purchase price
         of raw material and components necessary through forecasted lead time,
         including finished goods inventory not returnable or useable in
         Seller's other operations in the ordinary course of business over a
         reasonable period of time, minus (y) any salvage value thereof.

11.3     Buyer shall have no obligation to Seller if Buyer terminates its
         purchase se of Seller's default in accordance with the provisions of
         Article 11 hereof.

                            ARTICLE XII - INSPECTION

12.1     Buyer and, if the face of any order issued pursuant hereto bears United
         States federal government prime contract number or the Buyer otherwise
         advises Seller of the existence of such contract, representatives of
         the United States federal government, shall have the right to inspect
         and test Seller's Manufacturing Facility, goods, materials and
         workmanship at reasonable times and places, and upon reasonable prior
         notice, including, when practicable, during manufacture;
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       and if any such inspection or test is made on the premises of Seller,
       Seller shall furnish without cost to Seller all reasonable existing
       facilities and assistance for a safe and convenient inspection or test.
       Buyer's inspection of the Products, whether during manufacture, prior to
       delivery or within a reasonable time after delivery, shall not
       constitute acceptance of any work-in-process or finished Products.

12.2   Notwithstanding prior inspection, payment for, or use of the Products,
       Buyer shall have the right to reject any of such Products which do not
       conform to the requirements of this Supply Contract within thirty (30)
       days from the date of delivery of the Products. All such rejected items
       shall be returned to seller. In the event that Buyer shall improperly
       return Products that conform in all material respects with the terms of
       this Supply contract, then Buyer shall pay all reasonable costs and
       expenses incurred by Seller in connection with such improper return by
       Buyer. Should Buyer in such case repair the Products, all terms and
       conditions set forth herein shall remain in full force and effect as to
       the Products furnished by Seller.

                       ARTICLE XIII - PACKAGING; SHIPPING

13.1   Seller agrees to (a) pack, label and ship Products in accordance with
       Buyer's standards, (b) make no charge for handling, packaging, storage,
       transportation or drayage of Products except as otherwise provided
       herein; and (c) provide with each shipment packing slips with Buyer's
       Purchase Order number marked thereon. Seller shall reimburse Buyer for
       all reasonable and foreseeable out-of-pocket expenses incurred by Buyer
       as a result of Seller's improper packing, labeling, routing or shipping.

13.2   The labels on each package and identification of the Products on packing
       slips, bills of lading and invoices shall be sufficient to enable Buyer
       to easily identify the Products purchased. Seller further agrees to
       promptly render, after delivery of Products or performance of services,
       correct and complete invoices to Buyer.

                      ARTICLE XIV - INFRINGEMENT INDEMNITY

14.1   As to any of the Products manufactured or supplied to a design or
       specification furnished by Buyer. Buyer shall indemnify and save
       harmless Seller, its subsidiaries, affiliates, controlling persons and
       successors from any claim, suit, demand, loss, damage, liability and
       expense (including reasonable attorneys fees) alleging that the same in
       and of itself infringes any United States or foreign patent, copyright,
       trademark, semiconductor ship product mask work right or any other
       proprietary right, except that the design or specification shall be
       deemed to be not furnished by Buyer if the subject matter giving rise to
       the claim of infringement either (a) was derived from, or selected by,
       the Seller, or (b) relates to materials, compositions, alloys or
       processes relating thereto. As to any of the Products manufactured or
       supplied other than to a design or specification furnished by Buyer,
       Seller shall indemnify and save harmless Buyer and its
<PAGE>   11
        successors from any claim, suit, cause of action, demand, loss, damage,
        liability and expense (including reasonable attorneys fees) alleging
        that any use or resale of the same in and of itself infringes, or
        constitutes inducement to infringe, any United States or foreign
        patent, copyright, trademark, semiconductor chip product mask work
        right or any other proprietary right, except that the design or
        specification shall be deemed to be not furnished by Buyer if the
        subject matter giving rise to the claim of infringement either (a) was
        derived from, or selected by, the Seller, or (b) relates to materials,
        compositions, alloys or processes relating thereto.

14.2    Upon the making of any claim indemnified hereunder, the commencement of
        any suit or action having basis in such claim, or a belief that such a
        claim is likely or imminent, the party against whom such claim is made,
        or suit or action commenced, shall promptly notify the other in writing,
        and the party required to assume liability therefor under the foregoing
        provisions shall promptly assume and diligently conduct the entire
        defense thereof, at its own cost and expense; provided, that the party
        not required to assume liability shall have the right, insofar as its
        interests are affected, at its sole election and at its own cost and
        expense, to request the court to permit it to intervene in any such suit
        or action or to cooperate in the defense thereof with the party required
        to assume liability, without releasing any obligation, liability or
        undertaking of the latter party.

                             ARTICLE XV - AMENDMENT

15.1    Except as otherwise provided herein, no modification of this Supply
        Contract or any Purchase Order issued pursuant hereto shall be binding
        on Seller or Buyer unless made by a formal written document (either a
        Change Notice, Supplement, or Purchase Order Amendment) signed by
        Buyer and Seller. The only representatives of Buyer empowered to direct
        changes or to agree to modifications of this Agreement are the
        respective President's of the Buyer and Seller. No recommendations or
        suggestions by Buyer or others to Seller shall be binding on Buyer
        unless made in accordance with this Article 15.

                            ARTICLE XVI - ASSIGNMENT

16.1    Except as otherwise provided herein, performance of this Supply
        Contract, or any Purchase Order issued pursuant hereto, and all
        obligations relating thereto, shall not be assigned or delegated by
        either party without the prior written consent of the other party, such
        consent not to be unreasonably withheld.

16.2    Claims for money due or to become due to Seller from Buyer arising out
        of this Supply Contract, or any Purchase Order issued pursuant hereto,
        may be assigned, But Buyer shall be under no obligation to pay the
        assignee unless and until Buyer shall have received, written notice of
        the assignment, a true copy of the instrument of assignment, suitable
        documentary evidence of Seller's authority so to assign, and a release
        from the Seller.

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16.3  Except as required by applicable Law, in no event shall copies of this
      Supply Contract, any Purchase Order issued pursuant hereto, or of any
      plans, specifications, or other similar documents relating to work under
      this Supply Contract be disclosed or furnished to any assignee or to any
      other person without the prior written consent of the Buyer.
      Notwithstanding any such assignment, Seller shall continue to be bound by
      the obligations of Article 9 hereof.

                           ARTICLE XVII - FORCE MAJEURE

17.1  Any delay or failure of either party to perform its obligations hereunder
      or under any Purchase Order issued pursuant hereto shall be excused if,
      and to the extent that it is caused by an event or occurrence beyond the
      reasonable control of the party and without its fault or negligence, such
      as, by way of example and not by way of limitation, acts of God, action by
      any governmental authority (whether valid or invalid), fires, floods,
      windstorms, explosions, urban disturbance and riots, natural disasters,
      wars, sabotage, or court injunction or order (a "Force Majeure
      Condition"); provided that written notice of such delay (including the
      anticipated duration of the delay) shall be given by the affected party to
      the other party within twenty-four (24) hours or as early as practicable
      taking into account the Force Majeure Condition. During the period of such
      delay or failure to perform by Seller, Buyer, at its option, may suspend
      this Supply Contract, purchase Products from other sources during such
      period, without any liability to Seller, or have Seller provide the
      Products from other sources in quantities and at times requested by Buyer
      and at the price set forth in this Supply Contract, plus any additional
      costs and expenses incurred by Seller in connection therewith as a result
      of the Force Majeure Condition. If requested by the Buyer, Seller shall,
      within twenty-four (24) hours of such request, provide reasonable
      assurance that the delay will cease within six (6) months. If Buyer cannot
      provide the Seller a reasonable assurance then the Buyer may immediately
      cancel the Agreement or any Purchase Order issued pursuant hereto without
      any further liability to Seller. In the event of any period that Seller is
      not supplying Buyer with Products due to a Force Majeure Condition, the
      Initial Term or any Option Term then in effect shall automatically be
      extended by such period.

                      ARTICLE XVIII - COMPLIANCE WITH LAWS;
                  COUNTRY OF ORIGIN INFORMATION; CERTIFICATION

18.1  In the performance of this Supply Contract, Seller shall comply in all
      material respects with all federal, state and local laws, ordinances,
      rules and regulations which may be applicable to Seller's performance of
      its obligations hereunder in the country to which Seller's Products are
      delivered to Buyer hereunder. Seller hereby certifies that the goods
      called for by this Supply Contract, or any Purchase Order issued pursuant
      hereto have been or will be produced in compliance in all material
      respects with such applicable laws or ordinances.
<PAGE>   13
18.2   Seller, upon written request, shall furnish any and all documents
       necessary for Buyer to obtain export credits and customs drawbacks and
       in Seller's possession and control. Seller also shall provide
       information and, if necessary, certify such information, as to the
       country of origin of the goods provided hereunder and the value added
       thereto in each country. Seller will provide such information with
       respect to the origin of the raw materials, place of processing, and
       assembly of any goods delivered hereunder so as to enable Buyer to
       certify such information under the law of the United Sates.

                 ARTICLE XIX - GOVERNMENT CONTRACT REQUIREMENTS

19.1   If this Supply Contract or any Purchase Order issued pursuant hereto is
       a subcontract, or a supply contract comprised solely of commercial items
       under a United States federal government prime contract as may, in some
       cases, be evidenced by the inclusion of a United States federal
       government prime contract, to be included in subcontracts or in supply
       contracts of this nature, are hereby incorporated in and made a part of
       this Supply Contract. The classification of a contract arising out of
       these terms and conditions, or the related Purchase Order, as one
       comprising commercial item(s) and the decision as to whether Seller is a
       subcontractor or supplier, for purposes of determining which U.S.
       Government Regulations apply, shall be that of the Buyer. Seller agrees
       to accept the inclusion of all applicable U.S. Government FAR and FAR's
       Supplemental Clauses.

19.2   Since the phraseology of the clauses incorporated above has been
       primarily designed for government prime contracts, words and phrases in
       the foregoing regulations importing the United States federal government
       or the prime contractor or their representatives shall, when a fair and
       reasonable interpretation of the context of this Supply Contract so
       requires in order to express properly the subcontract relationship, be
       deemed to refer to Buyer or Seller or their respective representatives;
       provided, however, that all references to "Government" in the patent
       clauses incorporated herein above shall refer only to the United States
       Government and all references to "Contacting Officer" in the clauses
       incorporated herein above shall refer to the Government Contacting
       Officer for the prime contact; provided, further that all references to
       the clause entitled "Disputes" shall be deemed deleted. Copies of such
       FAR clauses and information as to the Cognizant Contracting Officer
       shall be furnished by Buyer to Seller upon request.

                             ARTICLE XX - INSURANCE

20.1   Seller shall maintain insurance coverage in amounts not less than the
       following:

       20.1.1  Worker's Compensation - Statutory Limits for the state or states
               in which the work ordered under these terms and conditions is
               performed (or evidenced of authority and financial ability to
               self-insure);

<PAGE>   14
     20.1.2    Comprehensive General Liability Insurance (including
               Products/Completed Operations and Blanket Contractual Liability)
               in which the limit of liability for personal injury or for
               property damage shall be $1,000,000 per occurrence, or a combined
               single limit of $1,000,000 per occurrence for Personal Injury and
               Property Damage; and

     20.1.3    Automobile Liability Insurance (including owned, non-owned and
               hired vehicles) in which the limit of liability for personal
               injury or for property damage shall be $1,000,000 per occurrence,
               or combined single limits of $1,000,000 per occurrence for
               Personal Injury and Property Damage.

20.2 At Buyer's request in writing, Seller shall furnish to Buyer certificates
     of insurance setting forth the amount(s) of coverage, policy number(s) and
     details(s) of expiration for insurance maintained by Seller and, if further
     requested in writing by Buyer, such certificates will provide that Buyer
     shall receive thirty (30) days prior written notification from the insurer
     of any termination or reduction in the amount or scope of coverages.
     Seller's purchase of appropriate insurance coverage or the furnishing of
     certificates of insurance shall not release Seller of its obligations or
     liabilities under any Purchaser Order issued hereunder.

                          ARTICLE XXI - MISCELLANEOUS

21.1 Seller shall not, without first obtaining the written consent of Buyer, in
     any manner use any trademarks or trade name of Buyer in Seller's
     advertising or promotional materials.

21.2 In the event of any conflict between this Supply Contract and the
     provisions of any Purchase Order issued pursuant hereto, the terms of
     this Supply Contract shall govern.

21.3 Captions, as used herein, are for convenience or reference only and shall
     not be construed to limit or extend the language of the provisions to which
     such captions may refer.

21.4 The provisions of this Supply Contract, together with all exhibits,
     schedules and appendices hereto, constitute the complete and exclusive
     agreement between the parties hereto and supersede any and all previous
     communications, representations or agreements, whether oral or written,
     between the parties with respect to the subject matter hereof.

21.5 These terms and conditions hereof shall be governed by and construed in
     accordance with the laws of the State of Missouri. Buyer may, but is not
     obligated to, bring any action or claim relating to or arising out of this
     Supply Contract or any Purchase Order issued pursuant hereto in the
     appropriate state or federal court in Missouri, and the Seller hereby
     irrevocably consents to personal jurisdiction in any such court, hereby
     appointing the Secretary of State of the State of Missouri as its agent for
     receiving service of process.
<PAGE>   15
21.6      The failure of either party at any time to require performance by the
          other party of any provision of this Supply Contract or any Purchase
          Order placed by Buyer from time to time shall in no way affect the
          right of such party to require such performance at any time
          thereafter. Similarly, the wavier by either party of a breach of any
          provision of these terms and conditions or of any order placed by
          Buyer from time to time pursuant hereto shall not constitute a wavier
          of any succeeding breach of the same or any other provision.

21.7      Seller and Buyer are independent contracting parties and nothing in
          this Agreement or any Purchase Order issued pursuant hereto shall make
          either party the agent or legal representative of the other party for
          any purpose whatsoever, not does it grant either party any authority
          to assume or to create any obligation on behalf of or in the name of
          the party.

21.8      If any term of this Supply Contract or any Purchase Order issued
          pursuant hereto is invalid or unenforceable under any statue,
          regulation, ordinance, executive order, or other rule of law, such
          term shall be deemed reformed or deleted, but only to the extent
          necessary to comply with such statue, regulation, ordinance, executive
          order or other rule of law, and the remaining provisions of this
          Supply Contract, or any Purchase Order issued pursuant hereto, shall
          remain in full force and effect.

21.9      The Seller agrees that all chemical substances, as more fully defined
          in the Toxic Substances Control Act (TSCA), comprising or used in the
          manufacture of the Products ordered by Buyer are, to the best of
          Seller's knowledge, listed in the inventory complied under Section
          8(b) of TSCA and are not banned from commercial use under TSCA.

          Buyer shall have the right to visit and inspect Seller's Facility
          employed in the manufacture of Products to be delivered to Buyer's
          facility(s) during normal business hours and upon reasonable prior
          written notice to Seller.

            [The remainder of this page is intentionally left blank]
<PAGE>   16
          IN WITNESS WHEREOF, the parties hereto have made and executed this
Agreement as of the day and year first above written.

                                       WIRE HARNESS INDUSTRIES, INC.

                                       By: /s/ DAVID J. WEBSTER
                                           ----------------------------------
                                       Name: David J. Webster
                                             --------------------------------
                                       Title: Senior Vice President
                                              -------------------------------

                                       INTERNATIONAL WIRE GROUP, INC.

                                       By: /s/ DAVID J. WEBSTER
                                           ----------------------------------
                                       Name: David J. Webster
                                             --------------------------------
                                       Title: Senior Vice President
                                              -------------------------------

<PAGE>   17

                                                                       EXHIBIT A

        Copper Pounds
        -------------

1.          32.0500
2.          32.0500
3.         170.0000
4.          52.8700
5.          52.8700
6.           7.9700
7.          32.0500
8.          32.0500
9.          32.0500
10.         32.0500
11.         32.0500
12.         32.0500
13.         32.0500
14.         32.0500
15.         32.0500
16.         32.0500
17.         32.0500
18.         20.1600
19.         12.6900
20.          7.9700
21.          7.9700
22.         20.1600
23.         32.0500
24.         20.1600
25.         20.1600
26.         20.1600
27.         20.1600
28.         20.1600
29.         20.1600
30.         20.1600
31.         20.1600
32.         20.1600
33.         20.1600
34.         20.1600
35.         20.1600
36.         20.1600
37.         20.1600
38.         20.1600
39.         20.1600
40.         20.1600

<PAGE>   18

41.         20.1600
42.          5.0000
43.         12.6900
44.         12.6900
45.         12.6900
46.         12.6900
47.         12.6900
48.         12.6900
49.         12.6900
50.         12.6900
51.         12.6900
52.         12.6900
53.         12.6900
54.          7.9700
55.          7.9700
56.          7.9700
57.          7.9700
58.          7.9700
59.          7.9700
60.          7.9700
61.          7.9700
62.          7.9700
63.          7.9700
64.          7.9700
65.          7.9700
66.          7.9700
67.          7.9700
68.          7.9700
69.          7.9700
70.          7.9700
71.          7.9700
72.         15.9400
73.          5.0000
74.          5.0000
75.          5.0000
76.          5.0000
77.          5.0000
78.          5.0000
79.          5.0000
80.          5.0000
81.          5.0000
82.          5.0000
83.          5.0000
84.          5.0000

                                       2

<PAGE>   19

85.          5.0000
86.          5.0000
87.          5.0000
88.          5.0000
89.          5.0000
90.          5.0000
91.          5.0000
92.          5.0000
93.          5.0000
94.          5.0000
95.          5.0000
96.          5.0000

                                       3

<PAGE>   20

                                                                       EXHIBIT B

      Last Selling Price
      ------------------

1.          60.1400
2.          60.1400
3.         327.4100
4.         442.7100
5.         442.7100
6.          13.0000
7.          52.1400
8.          52.1400
9.          52.1400
10.         52.1400
11.         55.1200
12.         55.1200
13.         55.1200
14.         55.1200
15.         55.1200
16.         55.1200
17.         35.6000
18.         27.2700
19.         19.4400
20.         13.0200
21.         13.0200
22.         27.2700
23.         35.6000
24.         34.0900
25.         34.0900
26.         34.0900
27.         34.0900
28.         34.0900
29.         34.0900
30.         34.0900
31.         34.0900
32.         34.0900
33.         34.0900
34.         34.0900
35.         34.0900
36.         34.0900
37.         34.0900
38.         34.5400
39.         34.5400
40.         34.5400

<PAGE>   21

41.         34.5400
42.         21.8000
43.         22.5000
44.         22.5000
45.         22.5000
46.         22.5000
47.         22.5000
48.         21.2900
49.         30.7800
50.         30.7800
51.         38.5300
52.         38.0100
53.         38.0100
54.         15.5800
55.         15.5800
56.         15.5800
57.         15.5800
58.         15.5800
59.         15.5800
60.         15.5800
61.         15.5800
62.         15.5800
63.         23.3100
64.         23.0200
65.         41.9000
66.         41.9000
67.         25.1600
68.         25.1600
69.         25.1600
70.         25.1600
71.         25.1600
72.         72.5000
73.         11.3400
74.         11.3400
75.         11.3400
76.         19.6400
77.         11.3400
78.         11.3400
79.         11.3400
80.         11.3400
81.         11.3400
82.         11.3400
83.         11.3400
84.         11.3400

                                       2

<PAGE>   22

85.         11.3400
86.         11.3400
87.         11.3400
88.         18.3400
89.         18.3400
90.         18.3400
91.         18.3400
92.         10.0900
93.         10.1200
94.         10.1200
95.         10.1200
96.         10.1200

                                       3<PAGE>   1
                                                                    EXHIBIT 4.3

                                                          EXECUTION COPY

                               NETWORK PLUS CORP.

                   CERTIFICATE OF DESIGNATIONS OF THE POWERS,
                PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL
                   AND OTHER SPECIAL RIGHTS OF 7 1/2% SERIES A
                   CUMULATIVE CONVERTIBLE PREFERRED STOCK AND
              QUALIFICATIONS, LIMITATIONS AND RESTRICTIONS THEREOF

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

                         Pursuant to Section 151 of the
                General Corporation Law of the State of Delaware

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

            Network Plus Corp. (the "Company"), a corporation organized and
existing under the General Corporation Law of the State of Delaware, does hereby
certify that, pursuant to authority conferred upon the board of directors of the
Company (the "Board of Directors") by its Restated Certificate of Incorporation,
as amended (hereinafter referred to as the "Restated Certificate of
Incorporation"), and pursuant to the provisions of Sections 141(c)(2) and 151 of
the General Corporation Law of the State of Delaware, said Board of Directors is
authorized to issue Preferred Stock of the Company in one or more series and has
duly approved and adopted the following resolution on April 6, 2000 (the
"Resolution"):

            RESOLVED that, pursuant to the authority vested in the Board of
      Directors by its Restated Certificate of Incorporation, the Board of
      Directors does hereby create, authorize and provide for the issuance of 7
      1/2% Series A Cumulative Convertible Preferred Stock, par value $.01 per
      share, with a liquidation preference of $500 per share, consisting of
      500,000 shares having the designations, preferences, relative,
      participating, optional and other special rights and the qualifications,
      limitations and restrictions thereof that are set forth in the Restated
      Certificate of Incorporation and in this Resolution as follows:

      (a) Designation. There is hereby created out of the authorized and
unissued shares of Preferred Stock of the Company a series of Preferred Stock
designated as the "7 1/2% Series A Cumulative Convertible Preferred Stock" (the
"Convertible Preferred Stock"). The number of shares constituting the
Convertible Preferred Stock shall be 500,000. The liquidation preference of the
Convertible Preferred Stock shall be $500 per share (the "Liquidation
Preference").

            Capitalized terms used herein but not defined shall have the
meanings assigned to them in paragraph (o).

      (b) Rank. The Convertible Preferred Stock will, with respect to dividend
rights and rights on liquidation, winding-up and dissolution, rank

      (i) junior to all of the Company's existing and future indebtedness and
      other obligations;
<PAGE>   2
                                                                               2

      (ii) on parity with any other class of Capital Stock or preferred shares
      established by the Company after April 6, 2000, the terms of which
      expressly provide that such class or series will rank on a parity with the
      Convertible Preferred Stock as to dividend distribution and distributions
      upon liquidation, winding-up and dissolution of the Company, or "parity"
      securities; and

      (iii) senior to all classes of Common Stock and to each other class of
      Capital Stock of the Company or series of preferred stock of the Company
      established after April 6, 2000, the terms of which do not expressly
      provide that such class or series ranks senior to or on a parity with the
      Convertible Preferred Stock as to dividend distributions and distributions
      upon liquidation, winding-up and dissolution of the Company, or "junior"
      securities.

            The Company may not, without the affirmative vote or consent of the
holders of at least 662/3% of the outstanding shares of Convertible Preferred
Stock, authorize, create, by way of reclassification or otherwise or issue any
class or series of Capital Stock of the Company ranking senior to the
Convertible Preferred Stock, or "senior" securities, or any obligation or
security convertible or exchangeable into or evidencing a right to purchase,
shares of any senior securities.

      (c) Dividends. (i) Holders of the outstanding shares of Convertible
Preferred Stock will be entitled to receive, when, as and if declared by the
Board of Directors of the Company, out of funds legally available therefor,
dividends on each share from the Issue Date of the Convertible Preferred Stock
accumulating at the rate of $37.50 per share of Convertible Preferred Stock per
annum, or $9.375 per share of Convertible Preferred Stock per quarter, payable
quarterly in arrears on April 1, July 1, October 1 and January 1 of each year
(each, a "Dividend Payment Date") or, if any such date is not a business day, on
the next succeeding business day, to the holders of record as of the next
preceding March 15, June 15, September 15 and December 15 (each, a "Record
Date"). Accumulated but unpaid dividends, if any, may be paid on such dates as
determined by the Board of Directors. Dividends will be payable in cash except
as set forth below. The first dividend payment of $8.229 per share of
Convertible Preferred Stock will be payable on July 1, 2000.

            (ii) All dividends on the Convertible Preferred Stock, to the extent
accumulated, shall be cumulative, whether or not earned or declared, on a daily
basis from the last date through which dividends have been paid or, if no
dividends have been paid, from the Issue Date. Dividends will accumulate to the
extent they are not paid on the Dividend Payment Date for the quarter to which
they relate. Accumulated unpaid dividends will accrue and cumulate at a rate of
7.5% per annum. The Company will take all reasonable actions required or
permitted under Delaware law to permit the payment of dividends on the
Convertible Preferred Stock.

            (iii) Any dividend on the Convertible Preferred Stock shall be, at
the option of the Company, payable (A) in cash, (B) through the issuance of a
number of shares (rounded up or down to the nearest whole number) of Common
Stock (hereinafter referred to as "Dividend Common Stock") determined as set
forth in the next paragraph or (C) a combination thereof.

            (iv) Dividends may, at the option of the Company, be paid in Common
Stock. If the Company elects to pay any dividend with Dividend Common Stock, the
Company will give the Holders of the Convertible Preferred Stock 10 trading days
(as defined herein) notice prior to the related Dividend Payment Date. If the
Company elects to pay any dividend with
<PAGE>   3
                                                                               3

Dividend Common Stock, the number of shares of Dividend Common Stock to be
distributed will be calculated by dividing the amount of such dividend otherwise
payable in cash by 95% of the arithmetic average of the closing price (as
defined below) for the 5 trading days preceding the Dividend Payment Date. The
Convertible Preferred Stock will not be redeemable unless all dividends accrued
through such redemption date shall have been paid in full. The Company shall not
be required to declare or pay a dividend if another person, including, without
limitation, any of its Subsidiaries, pays an amount to the Holders of the
Convertible Preferred Stock equal to the amount of such dividend on the
Company's behalf and, in such event, the dividend will be deemed paid for all
purposes.

            (v) All dividends paid with respect to shares of the Convertible
Preferred Stock pursuant to paragraph (c)(i) shall be paid pro rata to the
holders entitled thereto.

            (vi) No dividend whatsoever shall be declared or paid upon, or any
sum set apart for the payment of dividends upon, any outstanding share of the
Convertible Preferred Stock with respect to any Dividend Period unless all
dividends for all preceding Dividend Periods have been declared and paid or
declared and a sufficient sum set apart for the payment of such dividend, upon
all outstanding shares of Convertible Preferred Stock. Unless all dividends on
all outstanding shares of Convertible Preferred Stock due for all past dividend
periods shall have been declared and paid, or declared and a sufficient sum for
the payment thereof set apart, then:

      (A) no dividend, other than a dividend payable solely in shares of junior
      securities or options, warrants or rights to purchase junior securities,
      shall be declared or paid upon, or any sum set apart for the payment of
      dividends upon, any shares of junior securities;

      (B) no other distribution shall be declared or made upon, or any sum set
      apart for the payment of any distribution upon, any shares of junior
      securities;

      (C) no shares of junior securities shall be purchased, redeemed or
      otherwise acquired or retired for value, excluding an exchange for shares
      of other junior securities or a purchase, redemption or other acquisition
      from the proceeds of a substantially concurrent sale of junior securities,
      by the Company or any Subsidiary; and

      (D) no monies shall be paid into or set apart or made available for a
      sinking or other like fund for the purchase, redemption or other
      acquisition or retirement for value of any shares of junior securities by
      the Company or any Subsidiary.

            Holders of the Convertible Preferred Stock will not be entitled to
any dividends, whether payable in cash, property or stock, in excess of the
dividends as herein described.

            (iv) The Company will not (A) declare, pay or set apart funds for
the payment of any dividend or other distribution with respect to any junior
securities or (B) redeem, purchase or otherwise acquire for consideration any
junior securities through a sinking fund or otherwise, unless (1) all accrued
and unpaid dividends with respect to the Convertible Preferred Stock and any
parity securities at the time such dividends are payable have been paid or funds
have been set apart for payment of such dividends and (2) sufficient funds have
been paid or set apart for the payment of the dividend for the current Dividend
Period with respect to the Convertible Preferred Stock and any parity
securities. Notwithstanding anything in this Certificate of Designations to the
contrary, the Company may declare and pay dividends on
<PAGE>   4
                                                                               4

parity securities which are payable solely in additional shares of or by the
increase in the liquidation value of parity securities or junior securities or
on junior securities which are payable in additional shares of or by the
increase in the liquidation value of junior securities, as applicable, or
repurchase, redeem or otherwise acquire junior securities in exchange for junior
securities and parity securities in exchange for parity securities or junior
securities.

            (v) Dividends on account of arrears for any past Dividend Period and
dividends in connection with any optional redemption may be declared and paid at
any time, without reference to any regular Dividend Payment Date, to holders of
record on the Business Day immediately prior to the payment thereof, as may be
fixed by the Board of Directors of the Company.

            (vi) Dividends payable on the Convertible Preferred Stock for any
period other than a Dividend Period shall be computed on the basis of a 360-day
year consisting of twelve 30-day months and will be deemed to accrue on a daily
basis. If a Dividend Payment Date is not a Business Day, payment of dividends
shall be made on the next succeeding Business Day and dividends accruing for the
intervening period shall be paid on the next succeeding Dividend Payment Date.

      (d) Liquidation Preference. (i) Upon any voluntary or involuntary
liquidation, dissolution or winding-up of the Company, after payment in full of
the Liquidation Preference (and any accumulated and unpaid dividends) on any
senior securities, Holders of Convertible Preferred Stock will be entitled to be
paid, out of the assets of the Company available for distribution to its
stockholders, on an equal basis with the holders of any outstanding parity
securities, the Liquidation Preference of the outstanding shares of Convertible
Preferred Stock, plus, without duplication, an amount in cash equal to all
accumulated and unpaid dividends (whether or not earned or declared) thereon to
the date fixed for liquidation, dissolution or winding-up (including an amount
equal to a prorated dividend for the period from the last Dividend Payment Date
to the date fixed for liquidation, dissolution or winding-up that would have
been payable had the Convertible Preferred Stock been the subject of a
redemption on such date pursuant to paragraph (e)(i)) before any distribution is
made on any junior securities. If, upon any voluntary or involuntary
liquidation, dissolution or winding up of the Company, the amounts payable with
respect to the Convertible Preferred Stock and all parity securities are not
paid in full, the Convertible Preferred Stock and the parity securities will
share equally and ratably (in proportion to the respective amounts that would be
payable on such shares of Convertible Preferred Stock and the parity securities,
respectively, if all amounts payable thereon had been paid in full) in any
distribution of assets of the Company to which each is entitled. After payment
of the full amount of the Liquidation Preference of the outstanding shares of
Convertible Preferred Stock (and, if applicable, an amount equal to a prorated
dividend), the Holders of shares of Convertible Preferred Stock will not be
entitled to any further participation in any distribution of assets of the
Company.

            (ii) For the purposes of this paragraph (d), neither the voluntary
sale, conveyance, exchange or transfer (for cash, shares of stock, securities or
other consideration) of all or substantially all of the property or assets of
the Company nor the consolidation or merger of the Company with or into one or
more other entities shall be deemed to be a voluntary or involuntary
liquidation, dissolution or winding-up of the Company unless such sale,
conveyance, exchange, transfer, consolidation or merger shall be in connection
with a liquidation, dissolution or winding up of the affairs of the Company or a
reduction or decrease in Capital Stock.
<PAGE>   5
                                                                               5

      (e) Redemption. (i) Optional Redemption. (A) The Convertible Preferred
Stock shall not be redeemable at the option of the Company prior to April 10,
2005. On or after April 10, 2005, each share of the Convertible Preferred Stock
may be redeemed (subject to the legal availability of funds therefor) at any
time, in whole or in part, at the option of the Company, at the redemption
prices set forth below (expressed as percentages of the Liquidation Preference
thereof) plus, without duplication, an amount equal to all accrued and unpaid
dividends to the "redemption effective date", upon not less than 30 nor more
than 60 days prior written notice. We may redeem the Convertible Preferred Stock
during the period commencing April 10, 2005 to March 31, 2006 at 103.750% and
thereafter during the 12-month period commencing on April 1 of each of the years
set forth below:

<TABLE>
<CAPTION>
                                Redemption
Year                               Price
----                               -----
<S>                             <C>
2006.......................     103.000%
2007.......................     102.250%
2008.......................     101.500%
2009.......................     100.750%
2010 and thereafter........     100.000%
</TABLE>

            If any date set forth above is not a Business Day then the period
beginning on that day will start on the next succeeding Business Day.

            (B) In the case of a redemption date falling after a Record Date and
prior to the related Dividend Payment Date, the Holders of the Convertible
Preferred Stock at the close of business on such record date will be entitled to
receive the dividend payable on such shares on the corresponding Dividend
Payment Date, notwithstanding the redemption of such shares following such
record date. Except as provided for in the preceding sentence, no payment or
allowance will be made for accrued dividends on any shares of Convertible
Preferred Stock called for redemption.

            (C) The Company must give the Holders of the Convertible Preferred
Stock 30 days' prior notice of its intention to satisfy the Company's redemption
payment obligation by delivering Common Stock instead of cash.

            (ii) Procedure for Redemption. (A) The "redemption effective date"
will be a Business Day specified as such date in the Redemption Notice (as
defined below). On the redemption effective date:

      (1) all consideration to be paid as part of the redemption price will
      become payable,

      (2) all dividends on the Convertible Preferred Stock to be redeemed will
      cease to accrue, and

      (3) the right to convert the Convertible Preferred Stock to be redeemed
      will cease at the close of business.

            (B) As described below, if any shares of Common Stock are to be
delivered as part of the redemption price,
<PAGE>   6
                                                                               6

      (1) the number of shares of Common Stock to be delivered will be
      determined on the basis of 95% of the average of the closing market prices
      of those shares for the 10 "trading days", which is each Monday, Tuesday,
      Wednesday, Thursday or Friday, other than any day on which securities are
      not traded on the applicable securities exchange or in the applicable
      securities market, following the redemption effective date, and

      (2) those shares will be deliverable on the 14th trading day following the
      redemption effective date.

            (C) With respect to a redemption pursuant to paragraph (e)(i), the
Company will send a written notice of redemption by first class mail to each
Holder of shares of Convertible Preferred Stock, not fewer than 30 days nor more
than 60 days prior to the Redemption Date at its registered address (the
"Redemption Notice"); provided, however, that no failure to give such notice nor
any deficiency therein shall affect the validity of the procedure for the
redemption of any shares of Convertible Preferred Stock to be redeemed except as
to the Holder or Holders to whom the Company has failed to give said notice or
except as to the Holder or Holders whose notice was defective. Each Redemption
Notice must specify:

      (1) the redemption effective date,

      (2) the redemption price,

      (3) the form of consideration to be paid, and

      (4) if any portion of the redemption price is to be paid by the delivery
      of Common Stock, the method for determining the applicable average market
      value and the date on which the shares of Common Stock will be
      deliverable.

            In the case of any partial redemption, the Company will select the
shares of Convertible Preferred Stock to be redeemed on a pro rata basis, by lot
or any other method that the Company believes is fair and appropriate, provided
that the Company may redeem all shares held by Holders of fewer than 100 shares
of Convertible Preferred Stock following such redemption, prior to the Company's
redemption of other Convertible Preferred Stock.

            If the redemption effective date falls after a dividend payment
record date and before the related Dividend Payment Date, the Holders of
Convertible Preferred Stock at the close of business on that dividend payment
record date will be entitled to receive the dividend payable on those shares on
the corresponding Dividend Payment Date, even if those shares are redeemed after
that dividend payment record date.

            The number of shares of Common Stock to be delivered to the Holders
of Convertible Preferred Stock will be the amount of the redemption payment
divided by the market price of the Common Stock, determined as described in this
subsection (C).

            (D) Each holder of Convertible Preferred Stock shall surrender the
certificate or certificates representing such shares of Convertible Preferred
Stock to the Company, duly endorsed (or otherwise in proper form for transfer,
as determined by the Company), in the manner and at the place designated in the
Redemption Notice, and on the Redemption Date the full Optional Redemption Price
for such shares shall be payable to the person whose name appears on such
certificate or certificates as the owner thereof, and each surrendered
certificate
<PAGE>   7
                                                                               7

shall be canceled and retired. In the event that less than all of the shares
represented by any such certificate are redeemed, a new certificate shall be
issued representing the unredeemed shares.

            (E) Mandatory Redemption. Unless it has already been redeemed or
converted, the Company will be required to redeem the Convertible Preferred
Stock on April 1, 2012 at a redemption price equal to 100% of the Liquidation
Preference, together with accumulated and unpaid dividends to the mandatory
redemption date.

            (F) Repurchase at the Option of Holders. If the Company experiences
a change of control, unless the Company has delivered a Redemption Notice in
connection with the Convertible Preferred Stock pursuant to the provisions
described above, each holder of Convertible Preferred Stock will have the right
to require the Company to repurchase all or any part of the holder's Convertible
Preferred Stock pursuant to an offer (the "change of control offer"), on the
terms set forth herein. In the change of control offer, the Company will offer a
payment in cash equal to 100% of the Liquidation Preference of Convertible
Preferred Stock repurchased plus all accumulated and unpaid dividends and
liquidated damages, if any, thereon, to the date of purchase, subject to the
right of holders of record on the relevant record date to receive dividends due
on the relevant dividend payment date. Within 30 days following any change of
control, the Company will mail a notice to each holder describing the
transaction or transactions that constitute the change of control and offering
to repurchase Convertible Preferred Stock on the date specified in such notice,
which date shall be no earlier than 30 days and no later than 60 days from the
date such notice is mailed, pursuant to the procedures required by this
Certificate of Designations and described in such notice.

            The Company will comply with the requirements of Rule 14e-1 under
the Exchange Act and any other securities laws and regulations to the extent
those laws and regulations are applicable in connection with the purchase of the
Convertible Preferred Stock as a result of a change of control. To the extent
that the provisions of any securities laws or regulations conflict with the
change of control provisions of this Certificate of Designations, the Company
will comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under the change of control provisions
herein by virtue of such conflict.

            On the date scheduled for payment of the Convertible Preferred
Stock, the Company will, to the extent lawful:

-     accept for payment all Convertible Preferred Stock or portions thereof
      properly tendered;

-     deposit with the Transfer Agent an amount of consideration equal to the
      change of control payment in respect of all Convertible Preferred Stock or
      portions thereof so tendered; and

-     deliver or cause to be delivered to the Transfer Agent for cancellation
      the Convertible Preferred Stock so accepted together with an officers'
      certificate stating the aggregate Liquidation Preference of the
      Convertible Preferred Stock or portions thereof being purchased by the
      Company.

            The Transfer Agent will promptly mail to each Holder of shares of
Convertible Preferred Stock so tendered the applicable payment for those shares
of Convertible Preferred
<PAGE>   8
                                                                               8

Stock, and the Transfer Agent will promptly authenticate and mail, or cause to
be transferred by book entry, to each holder a new Convertible Preferred Stock
certificate equal in liquidation preference to any unpurchased portion of the
Convertible Preferred Stock surrendered, if any.

            Prior to complying with any of the provisions of the change of
control covenant, but in any event within 90 days following a change of control,
the Company will either repay all outstanding obligations under the Existing
Credit Facility or the Senior Secured Credit Facilities or obtain the requisite
consents, if any, under all agreements governing the Company's outstanding
indebtedness to permit the repurchase of Convertible Preferred Stock required by
this repurchase obligation. The Company will publicly announce the results of
the change of control offer on or as soon as practicable after the change of
control payment date.

            The provisions described above that require the Company to make a
change of control offer (as defined herein) following a change of control (as
defined herein) will be applicable regardless of whether any other provisions of
this Certificate of Designations are applicable.

            The Company will not be required to make a change of control offer
upon a change of control if a third party makes the change of control offer in
the manner, at the times and otherwise in compliance with the requirements set
forth in this Certificate of Designations applicable to a change of control
offer made by the Company and purchases all Convertible Preferred Stock validly
tendered and not withdrawn under such change of control offer.

            The provisions under this Certificate of Designations relating to
the Company's obligation to make an offer to repurchase the Convertible
Preferred Stock as a result of a change of control may be waived or modified
with the written consent of the holders of 662/3% of the Convertible Preferred
Stock.

            A "change of control" means:

-     a "person" or "group" (within the meaning of Sections 13(d) and 14(d)(2)
      of the Exchange Act (other than the Hale Family) becomes the ultimate
      "beneficial owner" (as defined in Rule 13-d under the Exchange Act without
      such transaction being deemed a change of control) of more than 50% of the
      total voting power of the Company's "voting stock" on a fully diluted
      basis; or

-     Individuals who on the effective date of the Certificate of Designations
      constitute the Board of Directors (together with any new directors whose
      election by the Board of Directors or whose nomination for election by
      stockholders was approved by a vote of at least 662/3% of the members of
      the Board of Directors then in office who either were members of the Board
      of Directors on the closing date or whose election or nomination for
      election was previously so approved) cease for any reason to constitute a
      majority of the members of the Board of Directors then in office.

            There shall be no change of control if either the closing price of
the Common Stock exceeds 105% of the effective conversion rate at the time of
the announcement of the change of control or all of the consideration received
by the holders of Common Stock in a transaction that gives rise to the change of
control is publicly-traded common stock.

            (f) Voting Rights. (A) The holders of Convertible Preferred Stock,
except as otherwise required under Delaware law or as set forth in paragraphs
(B) and (C) below, shall
<PAGE>   9
                                                                               9

not be entitled to vote on any matter required or permitted to be voted upon by
the stockholders of the Company.

            (B) (1) If dividends on the Convertible Preferred Stock are in
      arrears and unpaid for six or more Dividend Periods, whether or not
      consecutive, together with any event with a similar effect pursuant to the
      terms of any series of preferred stock upon which like rights have been
      conferred, which is referred to as a "Voting Rights Triggering Event",
      then the number of directors constituting the Board of Directors will,
      subject to paragraph (f)(B)(5), be increased by two directors, unless
      previously increased pursuant to the terms of any other series of
      preferred stock upon which like rights have been conferred, and the
      Holders of the then outstanding shares of Convertible Preferred Stock
      (together with the holders of parity securities upon which like rights
      have been conferred and are exercisable), voting separately and as a
      class, shall have the right and power to elect to serve on the Board of
      Directors such two additional members to the Board of Directors, unless
      previously increased pursuant to the terms of any other series of
      preferred stock upon which like rights have been conferred.

            (2) The voting rights set forth in paragraph (f)(B)(1) above will
      continue until such time as all dividends in arrears on the Convertible
      Preferred Stock are paid in full, at which time the term of any directors
      elected pursuant to the provisions of paragraph (f)(B)(1) above (subject
      to the right of holders of any other Preferred Stock to elect directors
      pursuant to the terms of the instruments governing such Preferred Stock)
      shall terminate forthwith and the number of directors constituting the
      Board of Directors shall be decreased by such number (until the occurrence
      of any subsequent Voting Rights Triggering Event). The right to elect
      directors upon a Voting Rights Triggering Event will expire when the
      number of shares of Convertible Preferred Stock outstanding is reduced to
      83,333 or less.

            At any time after voting power to elect directors shall have become
      vested and be continuing in the holders of Convertible Preferred Stock
      (together with the holders of parity securities upon which like rights
      have been conferred and are exercisable) pursuant to paragraph (f)(B)(1)
      hereof, or if vacancies shall exist in the offices of directors elected by
      such holders, a proper officer of the Company may, and upon the written
      request of the holders of record of at least 25% of the shares of
      Convertible Preferred Stock then outstanding or the holders of 25% of the
      shares of parity securities then outstanding upon which like rights have
      been confirmed and are exercisable addressed to the secretary of the
      Company shall, call a special meeting of the Holders of Convertible
      Preferred Stock and the holders of such parity securities for the purpose
      of electing the directors which such holders are entitled to elect
      pursuant to the terms hereof; provided, however, that no such special
      meeting shall be called if the next annual meeting of stockholders of the
      Company is to be held within 60 days after the voting power to elect
      directors shall have become vested, in which case such meeting shall be
      deemed to have been called for such next annual meeting. If such meeting
      shall not be called by a proper officer of the Company within 20 days
      after personal service to the secretary of the Company at its principal
      executive offices, then the Holders of record of at least 25% of the
      outstanding shares of Convertible Preferred Stock or the holders of 25% of
      the shares of parity securities upon which like rights have been confirmed
      and are exercisable may designate in writing one of their members to call
      such meeting at the expense of the Company, and such meeting may be called
      by the person so designated upon the notice required for the annual
      meetings of
<PAGE>   10
                                                                              10

      stockholders of the Company and shall be held at the place for holding the
      annual meetings of stockholders. Any holder of Convertible Preferred Stock
      or such parity securities so designated shall have, and the Company shall
      provide, access to the lists of holders of Convertible Preferred Stock and
      the holders of such parity securities to be called pursuant to the
      provisions hereof. If no special meeting of the Holders of Convertible
      Preferred Stock and the holders of such parity securities is called as
      provided in this paragraph (f)(B), then such meeting shall be deemed to
      have been called for the next annual meeting of stockholders of the
      Company or special meeting of the holders of any other Capital Stock of
      the Company.

            (3) At any meeting held for the purposes of electing directors at
      which the Holders of Convertible Preferred Stock (together with the
      holders of parity securities upon which like rights have been conferred
      and are exercisable) shall have the right, voting together as a separate
      class, to elect directors as aforesaid, the presence in person or by proxy
      of the holders of at least a majority in voting power of the outstanding
      shares of Convertible Preferred Stock (and such parity securities) shall
      be required to constitute a quorum thereof.

            (4) Any vacancy occurring in the office of a director elected by the
      Holders of Convertible Preferred Stock (and such parity securities) may be
      filled by the remaining director elected by the Holders of Convertible
      Preferred Stock (and such parity securities) unless and until such vacancy
      shall be filled by the Holders of Convertible Preferred Stock (and such
      parity securities).

            (5) If an event occurs at any time that results in the holders of
      any parity securities having voting rights to elect directors to the Board
      of Directors, then holders of Convertible Preferred Stock shall, whether
      or not such event otherwise constitutes a Voting Rights Triggering Event
      pursuant to paragraph (f)(B)(1), have the voting rights set forth in
      paragraphs (f)(B)(1) and (f)(B)(2), and such event shall be deemed (for
      purposes of this paragraph (f) only) to constitute a Voting Rights
      Triggering Event. In addition, in the event that during a time in which
      directors elected by the holders of Convertible Preferred Stock pursuant
      to this paragraph (f)(B) are serving on the Board of Directors
      ("Previously-Elected Directors") an event occurs that results in holders
      of parity securities having voting rights to elect (voting together with
      the Holders of Convertible Preferred Stock) at least two directors to the
      Board of Directors, the Holders of Convertible Preferred Stock shall vote
      together with the holders of such parity securities to elect such new
      directors, and upon the election of the new directors the
      Previously-Elected Directors shall (unless such Previously-Elected
      Directors are elected as new directors) cease to serve on the Board of
      Directors.

            (C) (1) So long as any shares of the Convertible Preferred Stock are
      outstanding, the Company will not authorize, create or increase the
      authorized amount of any class or series of senior securities without the
      affirmative vote or consent of Holders of at least 662/3% of the shares of
      Convertible Preferred Stock then outstanding, voting or consenting, as the
      case may be, as one class, given in person or by proxy, either in writing
      or by resolution adopted at an annual or special meeting. However, without
      the consent of any Holder of Convertible Preferred Stock, the Company may
      create additional classes of stock, increase the authorized number of
      shares of Convertible Preferred Stock or issue a series of parity
      securities or junior securities.
<PAGE>   11
                                                                              11

            (2) The Company may amend this Certificate of Designations with the
      consent of the Holders of a majority of the Convertible Preferred Stock
      then outstanding, including votes or consents obtained in connection with
      a tender offer or exchange offer for Convertible Preferred Stock, and,
      except as otherwise provided by applicable law, any past default or
      failure to comply with any provision of this Certificate of Designations
      may also be waived with the consent of such Holders. Notwithstanding the
      foregoing, however, without the consent of each Holder affected, an
      amendment or waiver may not (with respect to any shares of the Convertible
      Preferred Stock held by a non-consenting Holder) (a) alter the voting
      rights with respect to the Convertible Preferred Stock or reduce the
      number of shares of the Convertible Preferred Stock the Holders of which
      must consent to an amendment, supplement or waiver, (b) reduce the
      Liquidation Preference of any share of the Convertible Preferred Stock or
      adversely alter the provisions with respect to the redemption of
      Convertible Preferred Stock, (c) reduce the rate of or change the time for
      payment of dividends on any share of the Convertible Preferred Stock, (d)
      waive a default in the payment of dividends or liquidated damages, if any,
      on the Convertible Preferred Stock, (e) make any share of the Convertible
      Preferred Stock payable in money other than United States dollars, (f)
      make any change in the provisions of the Certificate of Designations
      relating to waivers of the rights of holders of the Convertible Preferred
      Stock to receive the liquidation, (g) preference, dividends or liquidated
      damages, if any, on the Convertible Preferred Stock, or (h) make any
      change in the foregoing amendment and waiver provisions.

            Notwithstanding the foregoing, without the consent of any Holder of
      the Convertible Preferred Stock, the Company may, to the extent permitted
      by Delaware law, amend or supplement the Certificate of Designations to
      cure any ambiguity, defect or inconsistency, to provide for uncertificated
      shares of the Convertible Preferred Stock in addition to or in place of
      certificated shares of the Convertible Preferred Stock or to make any
      change that would provide any additional rights or benefits to the Holders
      of the Convertible Preferred Stock or to make any change that the Board of
      Directors determines, in good faith, is not materially adverse to Holders
      of the Convertible Preferred Stock.

            (3) Except as set forth in paragraph (f)(C)(1) or (2) above, (x) the
      creation, authorization or issuance of any shares of any junior securities
      or parity securities, including the designation of a series of Convertible
      Preferred Stock, or (y) the increase or decrease in the amount of
      authorized Capital Stock of any class, including Preferred Stock, shall
      not require the consent of Holders of Convertible Preferred Stock and
      shall not be deemed to affect adversely the rights, preferences,
      privileges or voting rights of shares of Convertible Preferred Stock.

            (D) In any case in which the Holders of Convertible Preferred Stock
shall be entitled to vote pursuant to this paragraph (f) or pursuant to Delaware
law, each Holder of Convertible Preferred Stock entitled to vote with respect to
such matters shall be entitled to one vote for each share of Convertible
Preferred Stock held.

            (E) Except as required by law, the Holders of the Convertible
Preferred Stock will not be entitled to vote on any merger or consolidation
involving the Company or a sale of all or substantially all the assets of the
Company.
<PAGE>   12
                                                                              12

      (g) Conversion. The Convertible Preferred Stock will be convertible, at
the option of the Holder and unless previously redeemed or repurchased, into the
number of shares of Common Stock issuable upon conversion of one share of
Convertible Preferred Stock, which will be determined by dividing the
Liquidation Preference, plus all accrued and unpaid dividends thereon to the
date of conversion, of such share of Convertible Preferred Stock as of such date
by the Conversion Price (as defined herein) then in effect, which is referred to
as the "conversion rate", subject to the adjustments described below. The right
to convert a share of the Convertible Preferred Stock called for redemption or
delivered for repurchase will terminate at the close of business on the
redemption date, as defined below, for such Convertible Preferred Stock or at
the time of repurchase, as the case may be.

            (3) The price at which Common Stock shall be delivered upon
conversion, herein called the "Conversion Price", shall be initially $34.80 per
share of Common Stock. The Conversion Price shall be adjusted in certain
instances as provided in paragraph (g)(D) and paragraph (g)(E).

            (B) In order to exercise the conversion privilege provided for in
paragraph (g)(A)(1), the Holder of any share of Convertible Preferred Stock to
be converted shall surrender the certificate for such share of Convertible
Preferred Stock, duly endorsed or assigned to the Company or in blank, at the
office of the Transfer Agent or at any office or agency of the Company
maintained for that purpose, accompanied by written notice to the Company in the
form of Exhibit B that the Holder elects to convert such share of Convertible
Preferred Stock or, if fewer than all the shares of Convertible Preferred Stock
represented by a single share certificate are to be converted, the number of
shares represented thereby to be converted. Such notice shall also contain the
office or the address to which the Company should deliver shares of Common Stock
issuable upon conversion (and any other payments or certificates related
thereto). Upon any conversion of Convertible Preferred Stock pursuant to
paragraph (g)(A)(2), the Company will promptly notify the Holders thereof and
will deliver shares of Common Stock issuable upon such conversion to the office
or address specified by such Holders.

            Holders of shares of Convertible Preferred Stock at the close of
business on a record date will be entitled to receive the dividend payable on
such shares on the corresponding Dividend Payment Date notwithstanding the
conversion of such shares following such record date and prior to such Dividend
Payment Date. Shares of Convertible Preferred Stock surrendered for conversion
during the period between the close of business on any record date and the
opening of business on the corresponding Dividend Payment Date (except shares
converted after the issuance of a notice of redemption with respect to a
redemption date during such period, which will be entitled to such dividend)
must be accompanied by payment of an amount equal to the dividend payable on
such shares on such Dividend Payment Date. A holder of shares of Convertible
Preferred Stock on a record date who (or whose transferee) tenders any such
shares for conversion into shares of Common Stock on or prior to such Dividend
Payment Date (or where shares of Convertible Preferred Stock are automatically
converted during such period) will receive the dividend payable by the Company
on such shares of Convertible Preferred Stock on such date, and the converting
holder need not include payment of the amount of such dividend upon surrender of
shares of Convertible Preferred Stock for conversion. Except as provided above,
the Company will make no payment or allowance for unpaid dividends, whether or
not in arrears, on converted shares or the dividends on the shares of Common
Stock issued upon such conversion.
<PAGE>   13
                                                                              13

            Shares of Convertible Preferred Stock shall be deemed to have been
converted immediately prior to the close of business on the day (x) of surrender
of such shares of Convertible Preferred Stock for conversion in accordance with
the foregoing provisions or (y) in the case of an automatic conversion, the
Transfer Agent receives the appropriate notice from the Company, and at such
time the rights of the Holders of such shares of Convertible Preferred Stock as
Holders shall cease, and the person or persons entitled to receive the Common
Stock issuable upon conversion shall be treated for all purposes as the record
holder or holders of such Common Stock at such time. As promptly as practicable
on or after the conversion date, the Company shall issue and shall deliver to
such office or agency as the converting Holder shall have designated in its
written notice to the Company a certificate or certificates for the number of
full shares of Common Stock issuable upon conversion, together with payment in
lieu of any fraction of a share, as provided in paragraph (g)(C) hereof.

            In the case of any conversion of fewer than all the shares of
Convertible Preferred Stock evidenced by a certificate, upon such conversion the
Company shall execute and the Transfer Agent shall authenticate and deliver to
the Holder thereof (at the address designated by such Holder), at the expense of
the Company, a new certificate or certificates representing the number of
unconverted shares of Convertible Preferred Stock.

            (C) No fractional shares of Common Stock shall be issued upon the
conversion of a share of Convertible Preferred Stock. If more than one share of
Convertible Preferred Stock shall be surrendered for conversion at one time by
the same holder, the number of full shares of Common Stock which shall be
issuable upon conversion thereof shall be computed on the basis of the aggregate
shares of Convertible Preferred Stock so surrendered. Instead of any fractional
share of Common Stock which would otherwise be issuable upon conversion of any
share of Convertible Preferred Stock, the Company shall pay a cash adjustment in
respect of such fraction in an amount equal to the same fraction of the closing
price (as defined in paragraph (g)(D)(7)) per share of Common Stock at the close
of business on the Business Day prior to the day of conversion.

            (D) The Conversion Price shall be adjusted from time to time by the
Company as follows:

            (1) If the Company shall hereafter pay a dividend or make a
      distribution in Common Stock to all holders of any outstanding class or
      series of Common Stock, the Conversion Price in effect at the opening of
      business on the date following the date fixed for the determination of
      stockholders entitled to receive such dividend or other distribution shall
      be reduced by multiplying such Conversion Price by a fraction of which the
      numerator shall be the number of shares of Common Stock outstanding at the
      close of business on the Record Date (as defined in paragraph (g)(D)(7))
      fixed for such determination and the denominator shall be the sum of such
      number of outstanding shares and the total number of shares constituting
      such dividend or other distribution, such reduction to become effective
      immediately after the opening of business on the day following the Record
      Date. If any dividend or distribution of the type described in this
      paragraph (g)(D)(1) is declared but not so paid or made, the Conversion
      Price shall again be adjusted to the Conversion Price which would then be
      in effect if such dividend or distribution had not been declared.

            (2) If the Company shall offer or issue rights or warrants to all
      holders of its outstanding Common Stock entitling them to subscribe for or
      purchase Common Stock at a price per share less than the Current Market
      Price (as defined in
<PAGE>   14
                                                                              14

      paragraph (g)(D)(7)) on the Record Date fixed for the determination of
      stockholders entitled to receive such rights or warrants, the Conversion
      Price shall be adjusted so that the same shall equal the price determined
      by multiplying the Conversion Price in effect at the opening of business
      on the date after such Record Date by a fraction of which the numerator
      shall be the number of shares of Common Stock outstanding at the close of
      business on the Record Date plus the number of shares of Common Stock
      which the aggregate offering price of the total number of shares of Common
      Stock subject to such rights or warrants would purchase at such Current
      Market Price and of which the denominator shall be the number of shares of
      Common Stock outstanding at the close of business on the Record Date plus
      the total number of additional shares of Common Stock subject to such
      rights or warrants for subscription or purchase. Such adjustment shall
      become effective immediately after the opening of business on the day
      following the Record Date fixed for determination of stockholders entitled
      to purchase or receive such rights or warrants. To the extent that shares
      of Common Stock are not delivered pursuant to such rights or warrants,
      upon the expiration or termination of such rights or warrants the
      Conversion Price shall again be adjusted to be the Conversion Price which
      would then be in effect had the adjustments made upon the issuance of such
      rights or warrants been made on the basis of delivery of only the number
      of shares of Common Stock actually delivered. If such rights or warrants
      are not so issued, the Conversion Price shall again be adjusted to be the
      Conversion Price which would then be in effect if such date fixed for the
      determination of stockholders entitled to receive such rights or warrants
      had not been fixed. In determining whether any rights or warrants entitle
      the holders to subscribe for or purchase Common Stock at less than such
      Current Market Price, and in determining the aggregate offering price of
      such shares of Common Stock, there shall be taken into account any
      consideration received for such rights or warrants, with the value of such
      consideration, if other than cash, to be determined by the Board of
      Directors.

            (3) If the outstanding shares of Common Stock shall be subdivided
      into a greater number of shares of Common Stock, the Conversion Price in
      effect at the opening of business on the day following the day upon which
      such subdivision becomes effective shall be proportionately reduced, and,
      conversely, if the outstanding shares of Common Stock shall be combined
      into a smaller number of shares of Common Stock, the Conversion Price in
      effect at the opening of business on the day following the day upon which
      such combination becomes effective shall be proportionately increased,
      such reduction or increase, as the case may be, to become effective
      immediately after the opening of business on the day following the day
      upon which such subdivision or combination becomes effective.

            (4) If the Company shall, by dividend or otherwise, distribute to
      all holders of its shares of Common Stock shares of any class of Capital
      Stock of the Company (other than any dividends or distributions to which
      paragraph (g)(D)(1) applies) or evidences of its indebtedness, cash or
      other assets (including securities, but excluding any rights or warrants
      of a type referred to in paragraph (g)(D)(2) and excluding dividends and
      distributions paid exclusively in cash and excluding any Capital Stock,
      evidences of indebtedness, cash or assets distributed upon a merger or
      consolidation to which paragraph (g)(E) applies) (the foregoing
      hereinafter in this paragraph (g)(D)(4) called the "Distributed
      Securities"), then, in each such case, the Conversion Price shall be
      reduced so that the same shall be equal to the price determined by
      multiplying the Conversion Price in effect immediately prior to the close
      of business on the Record Date (as defined in paragraph (g)(D)(7)) with
      respect to such distribution by a fraction
<PAGE>   15
                                                                              15

      of which the numerator shall be the Current Market Price (determined as
      provided in paragraph (g)(D)(7)) of the Common Stock on such date less the
      fair market value (as determined by the Board of Directors, whose
      determination shall be conclusive and described in a resolution of the
      Board of Directors) on such date of the portion of the Distributed
      Securities so distributed applicable to one share of Common Stock and the
      denominator shall be such Current Market Price, such reduction to become
      effective immediately prior to the opening of business on the day
      following the Record Date. If such dividend or distribution is not so paid
      or made, the Conversion Price shall again be adjusted to be the Conversion
      Price which would then be in effect if such dividend or distribution had
      not been declared. If the Board of Directors determines the fair market
      value of any distribution for purposes of this paragraph (g)(D)(4) by
      reference to the actual or when issued trading market for any securities
      comprising all or part of such distribution, it must in doing so consider
      the prices in such market over the same period used in computing the
      Current Market Price pursuant to paragraph (g)(D)(7) to the extent
      possible.

      Rights or warrants distributed by the Company to all holders of Common
      Stock entitling the holders thereof to subscribe for or purchase shares of
      the Company's Capital Stock (either initially or under certain
      circumstances), which rights or warrants, until the occurrence of a
      specified event or events ("Dilution Trigger Event"): (i) are deemed to be
      transferred with such Common Stock; (ii) are not exercisable; and (iii)
      are also issued in respect of future issuances of Common Stock, shall be
      deemed not to have been distributed for purposes of this paragraph
      (g)(D)(4) (and no adjustment to the Conversion Price under this paragraph
      (g)(D)(4) shall be required) until the occurrence of the earliest Dilution
      Trigger Event, whereupon such rights and warrants shall be deemed to have
      been distributed and an appropriate adjustment to the Conversion Price
      under this paragraph (g)(D)(4) shall be made; provided, however, that no
      such adjustment shall be made unless the rights or warrants issued are
      exercisable for shares of Common Stock or other securities with an
      exercise price per share less than the Current Market Price. If any such
      rights or warrants, including any such existing rights or warrants
      distributed prior to the date hereof, are subject to subsequent events,
      upon the occurrence of each of which such rights or warrants shall become
      exercisable to purchase different securities, evidences of indebtedness or
      other assets, then the occurrence of each such event shall be deemed to be
      such date of issuance and record date with respect to new rights or
      warrants (and a termination or expiration of the existing rights or
      warrants without exercise by the holder thereof). In addition, in the
      event of any distribution (or deemed distribution) of rights or warrants,
      or any Dilution Trigger Event with respect thereto, that was counted for
      purposes of calculating a distribution amount for which an adjustment to
      the Conversion Price under this paragraph (g)(D)(4) was made, (1) in the
      case of any such rights or warrants which shall all have been redeemed or
      repurchased without exercise by any holders thereof, the Conversion Price
      shall be readjusted upon such final redemption or repurchase to give
      effect to such distribution or Dilution Trigger Event, as the case may be,
      as though it were a cash distribution, equal to the per share redemption
      or repurchase price received by a holder or holders of Common Stock with
      respect to such rights or warrants (assuming such holder had retained such
      rights or warrants), made to all holders of Common Stock as of the date of
      such redemption or repurchase, and (2) in the case of such rights or
      warrants which shall have expired or been terminated without exercise by
      any holders thereof, the Conversion Price shall be readjusted as if such
      rights and warrants had not been issued.
<PAGE>   16
                                                                              16

      Notwithstanding any other provision of this paragraph (g)(D)(4) to the
      contrary, Capital Stock, rights, warrants, evidences of indebtedness,
      other securities, cash or other assets (including any rights distributed
      pursuant to any shareholder rights plan) shall be deemed not to have been
      distributed for purposes of this paragraph (g)(D)(4) if the Company makes
      proper provision so that each holder of shares of Convertible Preferred
      Stock who converts a share of Convertible Preferred Stock (or any portion
      thereof) after the date fixed for determination of stockholders entitled
      to receive such distribution shall be entitled to receive upon such
      conversion, in addition to the Common Stock issuable upon such conversion,
      the amount and kind of such distributions that such holder would have been
      entitled to receive if such holder had, immediately prior to such
      determination date, converted such share of Convertible Preferred Stock
      into Common Stock.

      For purposes of this paragraph (g)(D)(4) and paragraphs (g)(D)(1) and (2),
      any dividend or distribution to which this paragraph (g)(D)(4) is
      applicable that also includes Common Stock, or rights or warrants to
      subscribe for or purchase Common Stock to which paragraph (g)(D)(2)
      applies (or both), shall be deemed instead to be (1) a dividend or
      distribution of the evidences of indebtedness, cash, assets, shares of
      Capital Stock, rights or warrants other than (A) such shares of Common
      Stock or (B) rights or warrants to which paragraph (g)(D)(2) applies (and
      any Conversion Price reduction required by this paragraph (g)(D)(4) with
      respect to such dividend or distribution shall then be made) immediately
      followed by (2) a dividend or distribution of such Common Stock or such
      rights or warrants (and any further Conversion Price reduction required by
      paragraph (g)(D)(1) and (2) with respect to such dividend or distribution
      shall then be made), except that (x) the Record Date of such dividend or
      distribution shall be substituted as "the Record Date fixed for the
      determination of stockholders entitled to receive such dividend or other
      distribution", "Record Date fixed for such determination" and "Record
      Date" within the meaning of paragraph (g)(D)(1) and as "the Record Date
      fixed for the determination of stockholders entitled to receive such
      rights or warrants", "the date fixed for the determination of the
      stockholders entitled to receive such rights or warrants" and "such Record
      Date" within the meaning of paragraph (g)(D)(2), and (y) any share of
      Common Stock included in such dividend or distribution shall not be deemed
      "outstanding at the close of business on the date fixed for such
      determination" within the meaning of paragraph (g)(D)(1).

            (5) If the Company shall, by dividend or otherwise, distribute to
      all holders of its Common Stock cash (excluding any cash that is
      distributed upon a merger or consolidation to which paragraph (g)(E)
      applies or as part of a distribution referred to in paragraph (g)(D)(4))
      in an aggregate amount that, combined together with (1) the aggregate
      amount of any other such distributions to all holders of its Common Stock
      made exclusively in cash within the 12 months preceding the date of
      payment of such distribution, and in respect of which no adjustment
      pursuant to this paragraph (g)(D)(5) has been made, and (2) the aggregate
      of any cash plus the fair market value (as determined by the Board of
      Directors, whose determination shall be conclusive and described in a
      resolution of the Board of Directors) of consideration payable in respect
      of any tender offer by the Company or a Subsidiary of the Company for all
      or any portion of the Common Stock concluded within the 12 months
      preceding the date of payment of such distribution, and in respect of
      which no adjustment pursuant to paragraph (g)(D)(4) has been made, exceeds
      the greater of (x) 10% of the product of the Current Market Price
      (determined as provided in paragraph (g)(D)(7)) on the Record Date with
      respect to such distribution times the number of shares of Common
<PAGE>   17
                                                                              17

      Stock outstanding on such date or (y) the amount paid on shares of Common
      Stock within the preceding 12-month period, to the extent such payments
      did not require an adjustment to the conversion rate, then, and in each
      such case, immediately after the close of business on such date, the
      Conversion Price shall be reduced so that the same shall equal the price
      determined by multiplying the Conversion Price in effect immediately prior
      to the close of business on such Record Date by a fraction (i) the
      numerator of which shall be equal to the Current Market Price on the
      Record Date less an amount equal to the quotient of (x) the excess of such
      combined amount over the greater of (1) such 10% amount or (2) the amount
      paid on Common Stock within the preceding 12-month period divided by (y)
      the number of shares of Common Stock outstanding on the Record Date and
      (ii) the denominator of which shall be equal to the Current Market Price
      on such Record Date; provided, however, that, if the portion of the cash
      so distributed applicable to one share of Common Stock is equal to or
      greater than the Current Market Price of the Common Stock on the Record
      Date, in lieu of the foregoing adjustment, adequate provision shall be
      made so that each holder of Convertible Preferred Stock shall have the
      right to receive upon conversion of a share of Convertible Preferred Stock
      (or any portion thereof) the amount of cash such holder would have
      received had such holder converted such share of Convertible Preferred
      Stock (or portion thereof) immediately prior to such Record Date. If such
      dividend or distribution is not so paid or made, the Conversion Price
      shall again be adjusted to be the Conversion Price which would then be in
      effect if such dividend or distribution had not been declared.

            (6) If a tender or exchange offer made by the Company or any of its
      Subsidiaries for all or any portion of the Common Stock expires and such
      tender or exchange offer (as amended upon the expiration thereof) requires
      the payment to stockholders (based on the acceptance (up to any maximum
      specified in the terms of the tender offer) of Purchased Shares (as
      defined below)) of an aggregate consideration having a fair market value
      (as determined by the Board of Directors, whose determination shall be
      conclusive and described in a resolution of the Board of Directors) that,
      combined together with (i) the aggregate of the cash plus the fair market
      value (as determined by the Board of Directors, whose determination shall
      be conclusive and described in a resolution of the Board of Directors), as
      of the expiration of such tender offer, of consideration payable in
      respect of any other tender offers by the Company or any of its
      Subsidiaries for all or any portion of the Common Stock expiring within
      the 12 months preceding the expiration of such tender offer and in respect
      of which no adjustment pursuant to this paragraph (g)(D)(6) has been made
      and (ii) the aggregate amount of any distributions to all holders of the
      Common Stock made exclusively in cash within 12 months preceding the
      expiration of such tender offer and in respect of which no adjustment
      pursuant to paragraph (g)(D)(5) has been made, exceeds 10% of the product
      of the Current Market Price (determined as provided in paragraph
      (g)(D)(7)) as of the last time (the "Expiration Time") tenders could have
      been made pursuant to such tender offer (as it may be amended) times the
      number of shares of Common Stock outstanding (including any tendered
      shares) at the Expiration Time, then, and in each such case, immediately
      prior to the opening of business on the day after the date of the
      Expiration Time, the Conversion Price shall be adjusted so that the same
      shall equal the price determined by multiplying the Conversion Price in
      effect immediately prior to the close of business on the date of the
      Expiration Time by a fraction of which the numerator shall be the number
      of shares of Common Stock outstanding (including any tendered shares) at
      the Expiration Time multiplied by the Current Market Price of the Common
      Stock on the Trading Day next succeeding the
<PAGE>   18
                                                                              18

      Expiration Time and the denominator shall be the sum of (x) the number
      which equals (1) the fair market value (determined as aforesaid) of the
      aggregate consideration payable to stockholders based on the acceptance
      (up to any maximum specified in the terms of the tender offer) of all
      shares validly tendered and not withdrawn as of the Expiration Time (the
      shares deemed so accepted, up to any such maximum, being referred to as
      the "Purchased Shares") divided by (2) 10% of the Current Market Price (as
      determined in paragraph (g)(D)(7)) as of the Expiration Time times the
      number of shares of Common Stock outstanding (including any tendered
      shares) at the Expiration Time and (y) the product of the number of shares
      of Common Stock outstanding (less any Purchased Shares) at the Expiration
      Time and the Current Market Price of the Common Stock on the Trading Day
      next succeeding the Expiration Time, such reduction (if any) to become
      effective immediately prior to the opening of business on the day
      following the Expiration Time. If the Company is obligated to purchase
      shares pursuant to any such tender offer, but the Company is permanently
      prevented by applicable law from effecting any such purchases or all such
      purchases are rescinded, the Conversion Price shall again be adjusted to
      be the Conversion Price which would then be in effect if such tender offer
      had not been made. If the application of this paragraph (g)(D)(6) to any
      tender offer would result in an increase in the Conversion Price, no
      adjustment shall be made for such tender offer under this paragraph
      (g)(D)(6).

            (7) For purposes of this paragraph (g), the following terms shall
      have the meaning indicated:

      "closing price" with respect to any securities on any day means the last
      sale price on such day or, if no such sale takes place on such day, the
      average of the reported high bid and low ask prices on such day, in each
      case on the NNM or the New York Stock Exchange, as applicable, or, if such
      security is not listed or admitted to trading on such national market or
      exchange, on the principal national securities exchange or quotation
      system on which such security is quoted or listed or admitted to trading,
      or, if not quoted or listed or admitted to trading on any national
      securities exchange or quotation system, the average of the high bid and
      low ask prices of such security on the over-the-counter market on the day
      in question as reported by the National Quotation Bureau Incorporated or a
      similar generally accepted reporting service, or, if not so available, in
      such manner as furnished by any New York Stock Exchange member firm
      selected from time to time by the Board of Directors for that purpose, or
      a price determined in good faith by the Board of Directors, whose
      determination shall be conclusive and described in a resolution of the
      Board of Directors.

      "Current Market Price" means the average over the 10 trading days ending
      on the date immediately preceding the date of such determination of the
      last reported sale price, or, if no such sale takes place on any such day,
      the closing bid price, in either case as reported for consolidated
      transactions on the principal national securities exchange (including the
      NNM) on which the Common Stock is listed or admitted for trading;
      provided, however, that if any event (other than a change of control) that
      results in an adjustment of the conversion rate occurs during the period
      beginning on the first day of such 10-day period and ending on the date
      immediately preceding the date of determination, the Current Market Price
      as determined pursuant to the foregoing will be appropriately adjusted as
      necessary to reflect the occurrence of such event.

      "fair market value" shall mean the amount which a willing buyer would pay
      a willing seller in an arm's-length transaction.
<PAGE>   19
                                                                              19

      "Record Date" shall mean, with respect to any dividend, distribution or
      other transaction or event in which the holders of Common Stock have the
      right to receive any cash, securities or other property or in which the
      Common Stock (or other applicable security) is exchanged for or converted
      into any combination of cash, securities or other property, the date fixed
      for determination of stockholders entitled to receive such cash,
      securities or other property (whether such date is fixed by the Board of
      Directors or by statute, contract or otherwise).

            (8) No adjustment in the Conversion Price shall be required unless
      such adjustment would require an increase or decrease of at least 1% in
      such price; provided, however, that any adjustments which by reason of
      this paragraph (g)(D)(8) are not required to be made shall be carried
      forward and taken into account in any subsequent adjustment. All
      calculations under this paragraph (g)(D) shall be made by the Company and
      shall be made to the nearest cent or to the nearest one-hundredth of a
      share, as the case may be. No adjustment need be made for a change in the
      par value or no par value of the Common Stock.

            (9) Whenever the Conversion Price is adjusted as herein provided,
      the Company shall promptly file with the Transfer Agent an Officers'
      Certificate setting forth the Conversion Price after such adjustment and
      setting forth a brief statement of the facts requiring such adjustment.
      Promptly after delivery of such certificate, the Company shall prepare a
      notice of such adjustment of the Conversion Price setting forth the
      adjusted Conversion Price and the date on which each adjustment becomes
      effective and shall mail such notice of such adjustment of the Conversion
      Price to each holder of Convertible Preferred Stock at such holder's last
      address appearing on the register of holders maintained for that purpose
      within 20 days of the effective date of such adjustment. Failure to
      deliver such notice shall not affect the legality or validity of any such
      adjustment.

            (10) In any case in which this paragraph (g)(D) provides that an
      adjustment shall become effective immediately after a Record Date for an
      event, the Company may defer until the occurrence of such event issuing to
      the holder of any share of Convertible Preferred Stock converted after
      such Record Date and before the occurrence of such event the additional
      Common Stock issuable upon such conversion by reason of the adjustment
      required by such event over and above the Common Stock issuable upon such
      conversion before giving effect to such adjustment.

            (11) For purposes of this paragraph (g)(D), the number of shares of
      Common Stock at any time outstanding shall not include shares held in the
      treasury of the Company but shall include shares issuable in respect of
      scrip certificates issued in lieu of fractions of Common Stock. The
      Company shall not pay any dividend or make any distribution on Common
      Stock held in the treasury of the Company.

            (E) In case of any consolidation of the Company with, or merger of
      the Company into, any other corporation, or in case of any merger of
      another corporation into the Company (other than a merger which does not
      result in any reclassification, conversion, exchange or cancellation of
      outstanding shares of Common Stock of the Company), or in case of any
      conveyance or transfer of the properties and assets of the Company
      substantially as an entirety, the holder of each share of Convertible
      Preferred Stock then outstanding shall have the right thereafter, during
      the period such Convertible Preferred Stock shall be convertible as
      specified in paragraph (g)(A), to
<PAGE>   20
                                                                              20

      convert such share of Convertible Preferred Stock only (subject to
      paragraph (e)(ii)(F) in the case of a Common Stock Change in Control) into
      the kind and amount of securities, cash and other property receivable upon
      such consolidation, merger, conveyance or transfer by a holder of the
      number of shares of Common Stock of the Company into which such share of
      Convertible Preferred Stock might have been converted immediately prior to
      such consolidation, merger, conveyance or transfer, assuming such holder
      of Common Stock of the Company failed to exercise his rights of election,
      if any, as to the kind or amount of securities, cash and other property
      receivable upon such consolidation, merger, conveyance or transfer
      (provided that, if the kind or amount of securities, cash and other
      property receivable upon such consolidation, merger, conveyance or
      transfer is not the same for each share of Common Stock of the Company in
      respect of which such rights of election shall not have been exercised
      ("nonelecting share"), then for the purpose of this paragraph (g)(E) the
      kind and amount of securities, cash and other property receivable upon
      such consolidation, merger, conveyance or transfer by each nonelecting
      share of Common Stock shall be deemed to be the kind and amount so
      receivable per share by a plurality of the nonelecting shares). In the
      event that the consideration received in such consolidation, merger,
      conveyance or transfer is securities, and such securities received are
      convertible or exchangeable, such securities shall provide for adjustments
      which, for events subsequent to the effective date of the triggering
      event, shall be as nearly equivalent as may be practicable to the
      adjustments provided for in this paragraph (g)(E). The above provisions of
      this Section shall similarly apply to successive consolidations, mergers,
      conveyances or transfers.

            (F) In case:

            (1) the Company shall declare a dividend (or any other distribution)
on its Common Stock payable otherwise than in cash out of its earned surplus; or

            (2) the Company shall authorize the granting to all holders of its
Common Stock of rights or warrants to subscribe for or purchase any shares of
Capital Stock of any class or of any other rights; or

            (3) of any reclassification of the Common Stock of the Company
(other than a subdivision or combination of its outstanding Common Stock), or of
any consolidation or merger to which the Company is a party and for which
approval of any stockholders of the Company is required, or the sale or transfer
of all or substantially all the assets of the Company; or

            (4) of the voluntary or involuntary dissolution, liquidation or
winding up of the Company;

then the Company shall cause to be filed with the Transfer Agent and at each
office or agency maintained for the purpose of conversion of the Convertible
Preferred Stock, and shall cause to be mailed to all holders at their last
addresses as they shall appear in the Convertible Preferred Stock Register, at
least 20 days (or 10 days in any case specified in clause (1) or (2) above)
prior to the applicable date hereinafter specified, a notice stating (x) the
date on which a record is to be taken for the purpose of such dividend,
distribution, rights or warrants, or, if a record is not to be taken, the date
as of which the holders of Common Stock of record to be entitled to such
dividend, distribution, rights or warrants are to be determined or (y) the date
on which such reclassification, consolidation, merger, sale, transfer,
dissolution, liquidation or winding up
<PAGE>   21
                                                                              21

is expected to become effective, and the date as of which it is expected that
holders of Common Stock of record shall be entitled to exchange their Common
Stock for securities, cash or other property deliverable upon such
reclassification, consolidation, merger, sale, transfer, dissolution,
liquidation or winding up. Failure to give the notice requested by this Section
or any defect therein shall not affect the legality or validity of any dividend,
distribution, right, warrant, reclassification, consolidation, merger, sale,
transfer, dissolution, liquidation or winding up, or the vote upon any such
action.

            (G) The Company shall at all times reserve and keep available, free
      from preemptive rights, out of its authorized but unissued shares of
      Common Stock (or out of its authorized shares of Common Stock held in the
      treasury of the Company), for the purpose of effecting the conversion of
      the Convertible Preferred Stock, the full number of shares of Common Stock
      then issuable upon the conversion of all outstanding shares of Convertible
      Preferred Stock.

            (H) The Company will pay any and all document, stamp or similar
      issue or transfer taxes that may be payable in respect of the issue or
      delivery of Common Stock on conversion of the Convertible Preferred Stock
      pursuant hereto. The Company shall not, however, be required to pay any
      tax which may be payable in respect of any transfer involved in the issue
      and delivery of shares of Common Stock in a name other than that of the
      holder of the share of Convertible Preferred Stock or the shares of
      Convertible Preferred Stock to be converted, and no such issue or delivery
      shall be made unless and until the Person requesting such issue has paid
      to the Company the amount of any such tax, or has established to the
      satisfaction of the Company that such tax has been paid.

            (I) Reserved.

            (J) If, as a result of the operation of this paragraph (g), the
cumulative number of shares of Common Stock issued or issuable upon conversion
of the Convertible Preferred Stock, after giving effect to the adjustments
described in this paragraph (g) and all prior conversions of Convertible
Preferred Stock, would exceed a number (the "Threshold Number") equal to 19.99%
of the outstanding shares of Common Stock as of the Issue Date, then until and
unless the Company obtains the approval of its Common Stockholders for the
issuance of any shares of Common Stock in excess of the Threshold Number, the
Conversion Price shall be adjusted pursuant to this paragraph (g) to that price
that would entitle the holders of Convertible Preferred Stock to receive in the
aggregate, upon conversion of all the Convertible Preferred Stock (including all
prior conversions of Convertible Preferred Stock), no more than the Threshold
Number of shares of Common Stock. If, as a result of the operation of the
preceding sentence, the adjustments required by operation of paragraph (g) in
the Conversion Price is limited because appropriate stockholder approval has not
been obtained, the Company agrees for the benefit of the Holders of Convertible
Preferred Stock to seek, as promptly as reasonably practicable, the requisite
approval of its Common Stockholders for the full adjustment of the Conversion
Price as required by operation of paragraph (g) (without giving effect to the
preceding sentence) and the Company shall not be required to issue securities in
excess of the Threshold Number until such stockholder approval is obtained.

      (h) Reissuance of Convertible Preferred Stock. Shares of Convertible
Preferred Stock that have been issued and reacquired in any manner, including
shares purchased, redeemed, converted or exchanged, shall not be reissued as
shares of Convertible Preferred
<PAGE>   22
                                                                              22

Stock and shall (upon compliance with any applicable provisions of the laws of
Delaware) have the status of authorized and unissued shares of Preferred Stock
undesignated as to series and may be redesignated and reissued as part of any
series of Preferred Stock; provided, however, that so long as any shares of
Convertible Preferred Stock are outstanding, any issuance of such shares must be
in compliance with the terms hereof. Upon any such reacquisitions, the number of
shares of Convertible Preferred Stock authorized pursuant to this Certificate of
Designations shall be reduced by the number of shares so reacquired.

      (i) Business Day. If any payment, redemption or exchange shall be required
by the terms hereof to be made on a day that is not a Business Day, such
payment, redemption or exchange shall be made on the immediately succeeding
Business Day.

      (j) Limitation on Mergers and Asset Sales. The Company may not consolidate
with or merge with or into, or convey, transfer or lease all or substantially
all its assets to, any person unless: (1) the successor, transferee or lessee
(if not the Company) is organized and existing under the laws of the United
States of America or any State thereof or the District of Columbia and the
Convertible Preferred Stock shall be converted into or exchanged for and shall
become shares of such successor, transferee or lessee, having in respect of such
successor, transferee or lessee substantially the same powers, preference and
relative participating, optional or other special rights and the qualifications,
limitations or restrictions thereon, that the Convertible Preferred Stock had
immediately prior to such transaction; and (2) the Company delivers to the
Transfer Agent an Officers' Certificate and an Opinion of Counsel stating that
such consolidation, merger or transfer does not conflict with the Certificate of
Designations. The successor, transferee or lessee will be the successor company.

      (k) Reserved.

      (l) Reports. So long as any shares of the Convertible Preferred Stock are
outstanding, the Company will furnish to the holders of the Convertible
Preferred Stock

            -     all quarterly and annual financial information that would be
                  required to be contained in a fling with the SEC on Forms 10-Q
                  and 10-K and, with respect to the annual information only, a
                  report thereon by our certified independent accountants, and

            -     all information that would be required to be contained in a
                  current report on Form 8-K.

            In the event we have filed any of these reports with the SEC, we
will only furnish the report to holders who request a copy of the report. Unless
prohibited by the SEC, we will make our reports publicly available.

      (m) Payment for Consents. The Company may not pay, whether by way of
dividend or other distribution, fee or otherwise, to any holder of shares of the
Convertible Preferred Stock (and the corresponding depositary shares) for or as
an inducement to any consent, waiver or amendment of any of the terms or
provisions of the Certificate of Designations or the Convertible Preferred Stock
unless such consideration is offered to be paid and is paid to all Convertible
Preferred Stock that consent, waive or agree to amend in the time frame set
forth in the solicitation documents relating to such consent, waiver or
agreement.
<PAGE>   23
                                                                              23

      (n) Transactions with Affiliates. The Company will not, and will not
permit any of its Subsidiaries to, without the affirmative vote or consent of
the holders of a majority of the outstanding shares of Convertible Preferred
Stock, make any payment to, or sell, lease, transfer or otherwise dispose of any
of its properties or assets to, or purchase any property or assets from, or
enter into or make or amend any contract, agreement, understanding, loan,
advance or guarantee with, or for the benefit of, any affiliate, unless

            -     the transaction is on terms that no less favorable to us than
                  those that would have been obtained in a comparable
                  transaction with an unrelated third party, as determined by a
                  majority of the members of the board of directors that are
                  disinterested with the transaction, and

            -     the transaction has been approved by a majority of the members
                  of the board of directors that are disinterested with the
                  transaction.

            The provisions of the foregoing paragraph shall not prohibit:

            -     any issuance of securities, or other payments, pursuant to
                  employment arrangements and stock plans,

            -     the grant of stock options or similar rights to any employees
                  and directors under our stock plans,

            -     any employment or consulting agreement,

            -     the payment of reasonable fees to our directors who are not
                  our employees,

            -     any transaction with one of our Subsidiaries, or

            -     the grant of registration rights with respect to securities of
                  the Company.

The provisions of the foregoing paragraph shall also not apply to any affiliate
transaction publicly disclosed prior to April 6, 2000 in a filing by the Company
with the SEC or in the prospectus dated April 6, 2000.

      (o) Certain Definitions. As used in this Certificate of Designations, the
following terms shall have the following meanings (and (1) terms defined in the
singular have comparable meanings when used in the plural and vice versa, (2)
"including" means including without limitation, (3) "or" is not exclusive and
(4) an accounting term not otherwise defined has the meaning assigned to it in
accordance with United States generally accepted accounting
<PAGE>   24
                                                                              24

principles as in effect on the Issue Date and all accounting calculations will
be determined in accordance with such principles), unless the content otherwise
requires:

            "affiliate" means, with respect to any specified person, any other
person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified person. For purposes of this
definition, "control", including, with correlative meanings, the terms
"controlling," "controlled by" and "under common control with", as used with
respect to any person, shall mean the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such
person, whether through the ownership of voting securities, by agreement or
otherwise; provided that beneficial ownership of 10% or more of the voting
securities of a person shall be deemed to be control.

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

            "Capital Stock" means, with respect to any Person, any and all
shares, interests, participations or other equivalents (however designated,
whether voting or non-voting) in equity of such Person, whether now outstanding
or issued after the Issue Date, including all Common Stock and Preferred Stock.

            "Common Stock" means the Company's common stock, par value $0.01 per
share.

            "Continuing Directors" means, as of any date of determination,
individuals who on the Issue Date constituted the Board of Directors (together
with any new directors whose election by the Board of Directors or whose
nomination for election by the Company's stock holders was approved by a vote of
at least two-thirds of the members of the Board of Directors then in office who
either were members of the Board of Directors on the Issue Date or whose
election or nomination for election was previously so approved).

            "Dividend Period" means each period between two consecutive Dividend
Payment Dates and the period from the Issue Date to the first Dividend Payment
Date.

            "DTC" means The Depository Trust Company.

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

            "Existing Credit Facility" means the Loan and Security Agreement
dated October 7, 1998 by and between Network Plus, Inc., as Borrower, Goldman
Sachs Credit Partners L.P. and Fleet National Bank as Lenders, Fleet National
Bank as Agent and Goldman Sachs Credit Partners L.P. as Syndication and
Arrangement Agent, as amended from time to time.

            "Hale Family" means collectively Robert T. Hale, Robert T. Hale, Jr.
and members of their immediate families, any of their respective spouses,
estates, lineal descendants, heirs, executors, personal representatives,
administrators, trusts for any of their benefit and charitable foundations to
which shares of the Company's Capital Stock beneficially owned by any of the
foregoing have been transferred.

            "Holders" means the registered holders from time to time of the
Convertible Preferred Stock.
<PAGE>   25
                                                                              25

            "Issue Date" means the date on which the Convertible Preferred Stock
is initially issued.

            "Legal Holiday" means a Saturday, a Sunday or a day on which banking
institutions are not required to be open in the State of New York.

            "NNM" means The Nasdaq National Market.

            "Officer" means the Chairman of the Board of Directors, the
President, any Vice President, the Treasurer, the Secretary or any Assistant
Secretary of the Company.

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

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

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

            "Preferred Stock" means, with respect to any Person, any and all
shares, interests, participations or other equivalents (however designated,
whether voting or non-voting) of such Person's preferred or preference stock,
whether now outstanding or issued after the Issue Date, including all series and
classes of such preferred or preference stock.

            "SEC" or "Commission" means the Securities and Exchange Commission.

            "Securities Act" means the Securities Act of 1933.

            "Senior Secured Credit Facilities" means the Company's proposed
senior secured credit facility to be provided and syndicated by Goldman Sachs
Credit Partners L.P. which is described in the Company Registration Statement on
Form S-3 filed with the U.S. Securities and Exchange Commission (File No.
333-32040), as in effect from time to time.

            "Subsidiary" means with respect to any Person any corporation,
association or other business entity of which Voting Stock representing more
than 50% of the voting power of shares of outstanding Voting Stock is owned,
directly or indirectly, by such Person, or one or more other Subsidiaries of
such Person.

            "Transfer Agent" means the Transfer Agent for the Convertible
Preferred Stock appointed by the Company, which initially shall be American
Stock Transfer & Trust Company.

            "Voting Stock" of a corporation means all classes of Capital Stock
of such corporation then outstanding and normally entitled to vote in the
election of directors.
<PAGE>   26
                                                                              26

            IN WITNESS WHEREOF, said Network Plus Corp., has caused this
Certificate of Designations to be signed by Joanne Callahan, its Vice President
and Controller, this 6th day of April, 2000.

                                NETWORK PLUS CORP.,

                                by   /s/ Joanne Callahan
                                     ---------------------------------------
                                     Name: Joanne Callahan
                                     Title:    Vice President and Controller
<PAGE>   27
                                                                       EXHIBIT B

                              NOTICE OF CONVERSION

                    (To be Executed by the Registered Holder
              in order to Convert the Convertible Preferred Stock)

The undersigned hereby irrevocably elects to convert (the "Conversion") shares
of 7 1/2% Series A Cumulative Convertible Preferred Stock (the "Convertible
Preferred Stock"), represented by stock certificate No(s).         (the
"Convertible Preferred Stock Certificates") into shares of common stock ("Common
Stock") of Network Plus Corp. (the "Company") according to the conditions of the
Certificate of Designations, Preferences and Rights of the Convertible Preferred
Stock (the "Certificate of Designations"), as of the date written below. If
shares are to be issued in the name of a person other than the undersigned, the
undersigned will pay all transfer taxes payable with respect thereto and is
delivering herewith such certificates. No fee will be charged to the holder for
any conversion, except for transfer taxes, if any. A copy of each Convertible
Preferred Stock Certificate is attached hereto (or evidence of loss, theft or
destruction thereof).

The undersigned represents and warrants that all offers and sales by the
undersigned of the shares of Common Stock issuable to the undersigned upon
conversion of the Convertible Preferred Stock shall be made pursuant to
registration of the Common Stock under the Securities Act of 1933 (the "Act"),
or pursuant to any exemption from registration under the Act.

Capitalized terms used but not defined herein shall have the meanings ascribed
thereto in or pursuant to the Certificate of Designations.

                  Date of Conversion:_______________________________

                  Applicable Conversion Price:__________________

                  Number of shares of Convertible
                  Preferred Stock to be Converted:____________________

                  Number of shares of
                  Common Stock to be Issued:___________________________

                  Signature:____________________________________________

                  Name:_________________________________________________

                  Address:**____________________________________________

                  Fax No.:______________________________________________

*The Company is not required to issue shares of Common Stock until the original
Convertible Preferred Stock Certificate(s) (or evidence of loss, theft or
destruction thereof) to be converted are received by the Company or its Transfer
Agent. The Company shall issue and deliver shares of Common Stock to an
overnight courier not later than three business days following receipt of the
original Convertible Preferred Stock Certificate(s) to be converted.
<PAGE>   28

**Address where shares of Common Stock and any other payments or certificates
shall be sent by the Company.

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