Document:

AGREEMENT

THIS AGREEMENT  ("Agreement")  is entered into this 11th day of January 2000, by
and between  SAVIAR,  Inc., an Arizona  Corporation  ("SAVIAR")  and  affiliated
company Spaeth  Enterprises,  Inc., a California  Corporation,  together  herein
referred to as  PRINCIPAL,  and ConSyGen  Inc., a Delaware  Corporation,  herein
referred to as CLIENT. SAVIAR, Inc. has its principal offices located at 4110 N.
Scottsdale Road, Suite 380, Scottsdale, AZ 85251, Spaeth Enterprises,  Inc., has
its principal  offices located at 13136 North 94th Place,  Scottsdale,  AZ 85260
and ConSyGen,  Inc. and affiliated companies,  has its principal offices located
at 125 South 52nd Street, Tempe, AZ 85281.

WHEREAS  PRINCIPAL  is  engaged  in the  business  of  developing  business  and
marketing plans, and raising capital for ongoing business ventures;

WHEREAS  CLIENT  is a company  currently  doing  business  in the  Arizona  area
requiring additional capital for expansion; and

WHEREAS  CLIENT has  determined  that the  services of  PRINCIPAL  are needed to
accomplish its goals of achieving a capital infusion of $8-10 million,  in order
to development and launch ConSyGen into the Global marketplace.

NOW THEREFORE, PRINCIPAL and CLIENT agree as follows:

     1)   During  the  term  of  this   Agreement,   CLIENT   shall   enjoy  the
          non-exclusive  right to  PRINCIPAL's  services.  Such  services  to be
          performed by PRINCIPAL  shall  include,  but not be limited to seeking
          and negotiating a capital infusion of approximately $8-10 million.

     2)   For such consulting  services,  CLIENT shall  compensate  PRINCIPAL as
          follows:  CLIENT shall pay  PRINCIPAL  eight percent (8%) of all funds
          raised or obtained as a result of contacts made by PRINCIPAL,  and all
          funds  raised  or  obtained   directly  or  indirectly  from  persons,
          corporations, or other entities introduced or brought to the attention
          of CLIENT by  PRINCIPAL.  As an  example of the  above,  if  PRINCIPAL
          introduces a person to CLIENT,  or if contact is  established  between
          that person and CLIENT as a result of  PRINCIPAL's  efforts,  and that
          person  causes a  corporation  or other  person  to  provide  funds to
          CLIENT,   then   compensation   shall  be  owed  to  PRINCIPAL.   Such
          compensation  shall be  payable  irrespective  of the  nature of funds
          raised or obtained, including, without limitation, cash, equity, debt,
          credit,  and so forth,  and  irrespective  of  whether  such funds are
          actually obtained prior to the expiration of this Agreement.

          a.   Compensation  due to PRINCIPAL shall be payable  immediately upon
               the time that funds are made available to CLIENT; and
          b.   computed from gross sums contracted for without any  deduction(s)
               of any kind.

     3)   Upon  acceptance  of this  Agreement,  CLIENT shall issue a promissory
          note for $20,000 to PRINCIPAL,  payable in good faith immediately upon
          CLIENT  availability  of funds but in no event  payable later than six
          (6) months from the date of this  Agreement,  for the  development and
          coordination of the investor presentation strategy.  CLIENT shall also
          issue  1,100,000   "Warrants"   immediately  upon  execution  of  this
          Agreement to PRINCIPAL  for  Strategic  Business  and  Marketing  Plan
          development and continued  participation as an advisor on the CLIENT's
          Advisory Board.  Distribution  of the "Warrants"  shall be as follows:
          550,000 warrants issued to Dominick M. Nardone and 550,000 warrants to
          Robert D. Spaeth as per Paragraph 5 of this Agreement.

     4)   Compensation  per  Paragraph  2 of this  Agreement  shall  be  payable
          irrespective  of the nature of funds  raised or  obtained,  including,
          without  limitation,  cash,  equity,  debt,  credit, and so forth, and
          irrespective of whether such funds are actually  obtained prior to the
          expiration  of this  Agreement.  Compensation  per Paragraph 2 of this
<PAGE>
          Agreement shall be based upon the total amount of funding  provided or
          to be provided to the CLIENT by the INVESTOR, including funds actually
          delivered,  credit  available for use by the CLIENT and commitments to
          provide  funds or credit in one or more  installments  in the  future,
          regardless   whether  such   installments   are  contingent  upon  the
          satisfaction of conditions imposed upon the CLIENT by the INVESTOR.

     5)   The "Stock  Warrants" shall be issued as Common Stock, in four blocks,
          with a per share  exercise price of .24 for the first block of 200,000
          warrants,  .48 per share for the second block of 300,000 warrants, .48
          for the third block of 300,000  warrants  and .48 for the fourth block
          of 300,000 warrants. The Stock Warrants shall be nontransferable,  and
          restricted from exercise for a period of 15 days from the date of this
          Agreement.  The Stock  Warrants shall be issued equally to Dominick M.
          Nardone  and to Robert D.  Spaeth.  The  exercise  time-frame  for the
          "Stock Warrants" issued shall be for seven (7) years. A "Stock Warrant
          Agreement",  to be written  by CLIENT in good  faith at a later  date,
          shall be devised in such a way as to protect the PRINCIPAL's  warrants
          from reorganizations, mergers, and acquisitions.

     6)   It is agreed that Dominick M. Nardone and Robert D. Spaeth will be the
          specific persons that will be working with the  INVESTOR/INVESTORS  on
          the CLIENT's behalf. Dominick M. Nardone and Robert D. Spaeth are also
          the designated  persons that will be included on the CLIENT's Advisory
          Board.

     7)   Compensation for SAVIAR's active  involvement in software  development
          shall be defined under separate agreement.

     8)   All costs  incurred by PRINCIPAL  related to this  Agreement  shall be
          reimbursed  upon  receipt  of a  bi-weekly  statement  outlining  such
          disbursements.  In no event will PRINCIPAL  incur any expense  greater
          than $100 without receiving written authorization from CLIENT.

     9)   The  term of  this  Agreement  shall  be for  the  eight-month  period
          commencing  January 11, 2000.  PRINCIPAL or CLIENT may terminate  this
          Agreement upon 30 days notice to other party, per Paragraph 22 of this
          Agreement.  Either  party may  terminate  this  Agreement  for  cause,
          immediately  upon  notice  to the  other,  per  Paragraph  22 of  this
          Agreement.   In  the  event  of  any   termination,   PRINCIPAL  shall
          immediately provide CLIENT with a list of all persons, corporation, or
          other  entities,  which  PRINCIPAL,  either  directly  or  indirectly,
          introduced or brought to the attention of CLIENT.  Should any names on
          said  list  provide  funds to  CLIENT,  directly  or  indirectly,  per
          Paragraph 3 of this Agreement, during 4 years following termination of
          this Agreement,  compensation shall be paid to PRINCIPAL in accordance
          with Paragraph 1 of this Agreement.

     10)  CLIENT  agrees  to  indemnify  and hold  harmless  PRINCIPAL  from any
          liability  PRINCIPAL  may  incur to third  parties  as a result of the
          performance  of the services  called for under this  Agreement.  In no
          event shall  PRINCIPAL's  liability  under this  Paragraph  exceed the
          amount of compensation it has been paid under this Agreement.

     11)  CLIENT  shall  provide  immediate  written  notice to  PRINCIPAL  upon
          entering   into  any  agreement   that   provides   funds  to  CLIENT,
          irrespective of form of such funds. Such notice shall include the name
          of the party  providing  funds,  the  person(s) who were the principal
          contacts  between  the  party  and  CLIENT,  and the  amount  of funds
          involved.  PRINCIPAL  warrants that,  for a 12-month  period from such
          notice PRINCIPAL shall make no direct contact with those named in such
          notice,  without the express  consent of CLIENT.  PRINCIPAL  agrees to
          keep such information confidential and not to disclose the identity of
          the  parties  and  persons  involved  to anyone  except  as  expressly
          authorized by CLIENT.  PRINCIPAL  further agrees that,  except for the
          purposes  of  securing  funding  pursuant  to  this  Agreement  or  as
          expressly authorized by CLIENT, that it will not disclose confidential
          or proprietary information of CLIENT.

     12)  CLIENT  represents  and warrants that it has the corporate  ability to
          enter into this Agreement.

     13)  PRINCIPAL  agrees to provide  conscientious,  competent  and  diligent
          services  and at all times will seek to achieve the purposes for which
          PRINCIPAL has been retained.  However, because of uncertainties in the
<PAGE>
          general  business  market,  PRINCIPAL  cannot,  does not and expressly
          declines  to  warrant,   predict  or  guarantee  results,   particular
          agreements, terms of any agreement or financial arrangements which are
          satisfactory to CLIENT. CLIENT acknowledges that PRINCIPAL has made no
          promises, guarantees or warranties about the outcome of the consulting
          which is the subject of this Agreement and, further,  that any opinion
          offered by PRINCIPAL in the future shall not  constitute a warranty or
          guarantee.

     14)  PRINCIPAL shall not be liable to CLIENT for any consequential damages,
          direct or indirect,  arising out of the performance of this Agreement,
          and in no event  shall  PRINCIPAL's  liability  exceed the fees earned
          under this Agreement.

     15)  This Agreement shall be made and construed under the laws of the State
          of Arizona.  The parties  agree that all  disputes  under the terms of
          this Agreement shall be decided under the jurisdiction of the American
          Arbitration Association in Arizona, and that a judgment may be granted
          based upon any award given through the arbitration proceeding.

     16)  This  Agreement  shall not be  construed  to  create a joint  venture,
          partnership or any other business entity between the parties.

     17)  In the event that a Court or other  tribunal  declares  one or more of
          the terms of this  Agreement  invalid,  it shall have no effect on the
          remaining terms, which will remain valid and enforceable.

     18)  This Agreement contains the entire Agreement of the parties.  No other
          agreement,  statement or promise made on or before this Agreement will
          be binding on the parties.  Any amendment,  modification  or waiver of
          this Agreement will not be binding unless signed by both parties.

     19)  The  language  used in this  Agreement  constitutes  language  jointly
          chosen by CLIENT and PRINCIPAL to express their mutual intent,  and no
          rule of strict construction  against any party shall apply to any term
          or condition of this Agreement.

     20)  This  Agreement  shall  inure to the  benefit and bind the parties and
          their successors, heirs, executors and personal representatives.

     21)  By signing this Agreement,  below,  PRINCIPAL and CLIENT  reciprocally
          acknowledge  that each has carefully  read,  understands and agrees to
          this Agreement.

     22)  All notices,  requests,  demands, and other  communications  hereunder
          shall be in writing  addressed  to the  parties  and at the  addresses
          herein,  and shall be sent by  registered or certified  mail,  postage
          prepaid, and shall be effective upon actual receipt.

     23)  It is agreed  that  PRINCIPAL's  INVESTOR  contacts,  sources,  and/or
          resources  shall  remain the property of  PRINCIPAL.  CLIENT shall pay
          PRINCIPAL on all funds raised or obtained as a result of contacts made
          by PRINCIPAL,  and all funds raised or obtained directly or indirectly
          from persons, corporations, or other entities introduced or brought to
          the attention of CLIENT by PRINCIPAL.  As an example of the above,  if
          PRINCIPAL  introduces a person to CLIENT, or if contact is established
          between that person and CLIENT as a result of PRINCIPAL's efforts, and
          that person causes a  corporation  or other person to provide funds to
          CLIENT, then compensation shall be owed to PRINCIPAL.

     24)  This  Agreement  shall be  binding  upon  the  parties,  their  heirs,
          successors and assigns and shall be considered  honored and terminated
          when all  parties  in good  faith  have  fulfilled  all  promises  and
          agreements herein stated.

     25)  IN WITNESS  WHEREOF,  PRINCIPAL  and CLIENT  have duly  executed  this
          Agreement under seal as of the day and year first above written.

PRINCIPAL                                  CLIENT

Name:  Dominick M. Nardone II             Name: A.L. Burridge
     ----------------------------------        ---------------------------------
Title: President/CEO                      Title: President/CEO
      ---------------------------------         --------------------------------
Signature: /s/ Dominick M. Nardone II     Signature: /s/ A.L. Burridge
          -----------------------------             ----------------------------

Name: /s/ Robert D. Spaeth
     ----------------------------------
Title: President
      ---------------------------------
Signature: /s/ Robert D. Spaeth
          -----------------------------FRANCHISE FINANCE CORPORATION OF AMERICA

                              OFFICER'S CERTIFICATE

     The undersigned,  John  Barravecchia and Dennis L. Ruben, do hereby certify
that they are the duly  appointed and acting  Executive  Vice  President,  Chief
Financial  Officer,   Treasurer  and  Assistant  Secretary  and  Executive  Vice
President,  General Counsel and Secretary,  respectively,  of Franchise  Finance
Corporation of America,  a Delaware  corporation  (the  "Company").  Each of the
undersigned  also  hereby  certifies,  pursuant  to the  Indenture  dated  as of
November 21, 1995 (the "Indenture"),  by and between the Company and Wells Fargo
Bank  Arizona,  National  Association,  as successor in interest to Norwest Bank
Arizona, National Association, as Trustee (the "Trustee"), that:

     1. Pursuant to the  resolutions  adopted by the Executive  Committee of the
Board of  Directors  of the  Company on  September  13,  2000,  a series of Debt
Securities  (as defined in the  Indenture)  to be issued under the Indenture has
been established: the 8.75% Senior Notes due 2010 (the "Notes"), and such series
is to have the following terms:

          (a) The Notes shall constitute a series of Securities having the title
     "8.75% Senior Notes due 2010."

          (b)  The  aggregate   principal  amount  of  the  Notes  that  may  be
     authenticated   and  delivered  under  the  Indenture   (except  for  Notes
     authenticated  and  delivered  upon  registration  of  transfer  of,  or in
     exchange for, or in lieu of, other Notes  pursuant to Section  3.04,  3.05,
     3.06 or 9.06 of the Indenture) shall be $150,000,000.

          (c) The entire outstanding  principal of the Notes shall be payable on
     October 15, 2010 (the "Maturity Date"), unless earlier redeemed as provided
     below.

          (d) The rate at which the Notes shall bear interest shall be 8.75% per
     annum;  the date from which such  interest  shall accrue shall be September
     21, 2000; the Interest Payment Dates on which such interest will be payable
     shall be April 15 and October 15 of each year,  beginning  April 15,  2001;
     the  Regular  Record  Dates for the  interest  payable  on the Notes on any
     Interest  Payment  Date  shall  be the  preceding  April 1 (in the  case of
     interest  payable on any April 15) and  October 1 (in the case of  interest
     payable on any  October  15);  and the basis upon which  interest  shall be
     calculated  shall be that of a  360-day  year  consisting  of twelve 30 day
     months.

          (e) The place in addition to the Borough of Manhattan, The City of New
     York, where the principal of and interest on the Notes shall be payable and
     Notes may be surrendered for the registration of transfer or exchange shall
     be the  Corporate  Trust  Office  of the  Trustee  at 100 West  Washington,
     Phoenix, Arizona, 85003. The place in addition to the Borough of Manhattan,
     The City of New York,  where  notices or demands to or upon the  Company in
     respect of the Notes and the Indenture may be served shall be the Corporate
     Trust  Office of the  Trustee  at 100 West  Washington,  Phoenix,  Arizona,
     85003.
<PAGE>
          (f) The Notes will be  redeemable,  at the option of the  Company,  in
     whole or in part at any time or from  time to time,  upon not less  than 30
     and not more  than 60 days'  notice,  on any date  prior to  maturity  (the
     "Redemption  Date") at a  redemption  price equal to 100% of the  principal
     amount of the Notes to be redeemed plus accrued  interest to the Redemption
     Date (subject to the right of holders of record on the relevant record date
     to receive  interest due on an Interest Payment Date that is on or prior to
     the Redemption  Date) plus a Make-Whole  Premium,  if any (the  "Redemption
     Price").  In no event will the  Redemption  Price ever be less than 100% of
     the principal  amount of the Notes plus accrued  interest to the Redemption
     Date.

               The amount of the Make-Whole Premium with respect to any Note (or
     portion thereof) to be redeemed will be equal to the excess, if any, of:

               (1)  the  sum  of  the  present  values,  calculated  as  of  the
          Redemption Date, of:

                    (a) each  interest  payment that,  but for such  redemption,
               would have been  payable on the Note (or portion  thereof)  being
               redeemed  on each  interest  payment  date  occurring  after  the
               Redemption  Date  (excluding any accrued  interest for the period
               prior to the Redemption Date); and

                    (b) the  principal  amount  that,  but for such  redemption,
               would  have been  payable at the final  maturity  of the Note (or
               portion thereof) being redeemed;

               over

               (2) the principal  amount of the Note (or portion  thereof) being
          redeemed.

          The present values of interest and principal  payments  referred to in
     clause (1) above will be determined in accordance  with generally  accepted
     principles of financial analysis. Such present values will be calculated by
     discounting  the amount of each payment of interest or  principal  from the
     date  that  each  such  payment  would  have  been  payable,  but  for  the
     redemption, to the Redemption Date at a discount rate equal to the Treasury
     Yield (as defined below) plus 35 basis points.

          The Make-Whole Premium will be calculated by an independent investment
     banking   institution  of  national  standing  appointed  by  the  Company;
     PROVIDED,  that if the Company fails to make such  appointment  at least 30
     calendar  days  prior to the  Redemption  Date,  or if the  institution  so
     appointed is unwilling or unable to make such calculation, such calculation
     will be  made by  Salomon  Smith  Barney  Holdings  Inc.,  or an  affiliate
     thereof,  or, if such firm is unwilling or unable to make such calculation,
     by an  independent  investment  banking  institution  of national  standing
     appointed  by the Trustee  (in any such case,  an  "Independent  Investment
     Banker").

                                        2
<PAGE>
          For purposes of determining the Make-Whole  Premium,  "Treasury Yield"
     means a rate of  interest  per annum equal to the weekly  average  yield to
     maturity of United States Treasury Notes that have a constant maturity that
     corresponds to the remaining  term to maturity of the Notes,  calculated to
     the nearest  1/12th of a year (the  "Remaining  Term").  The Treasury Yield
     will be determined as of the third business day  immediately  preceding the
     applicable Redemption Date.

          The weekly  average  yields of United  States  Treasury  Notes will be
     determined by reference to the most recent statistical release published by
     the Federal  Reserve Bank of New York and  designated  "H.15(519)  Selected
     Interest Rates" or any successor release (the "H.15 Statistical  Release").
     If the H.15  Statistical  Release  sets  forth a weekly  average  yield for
     United States Treasury Notes having a constant maturity that is the same as
     the Remaining  Term,  then the Treasury  Yield will be equal to such weekly
     average yield. In all other cases, the Treasury Yield will be calculated by
     interpolation.  On a straight-line basis, between the weekly average yields
     on the United States Treasury Notes that have a constant  maturity  closest
     to and greater than the Remaining Term and the United States Treasury Notes
     that have a constant  maturity  closest to and less than the Remaining Term
     (in each case as set forth in the H.15  Statistical  Release).  Any  weekly
     average  yields so  calculated  by  interpolation  will be  rounded  to the
     nearest  1/100th of 1%,  with any  figure of  1/200th of 1% or above  being
     rounded  upward.  If weekly average yields for United States Treasury Notes
     are not available in the H.15  Statistical  Release or otherwise,  then the
     Treasury  Yield will be calculated  by  interpolation  of comparable  rates
     selected by the Independent Investment Banker.

          Any notice to the holders of Notes of such a  redemption  need not set
     forth  the  redemption  price of such  Notes  but need  only set  forth the
     calculation  thereof as described in the immediately  preceding  paragraph.
     The  redemption  price,  calculated as aforesaid,  shall be set forth in an
     Officers'  Certificate  delivered to the Trustee no later than two business
     days prior to the Redemption Date.

          In the case of any  partial  redemption,  selection  of the  Notes for
     redemption  will be made by the Trustee on a pro rata  basis,  by lot or by
     such other  method as the Trustee in its sole  discretion  shall deem to be
     fair and  appropriate,  although  no Note of $1,000 in  original  principal
     amount or less shall be redeemed in part.  If any Note is to be redeemed in
     part only,  the notice of redemption  relating to such Note shall state the
     portion  of the  principal  amount  thereof to be  redeemed.  A new Note in
     principal amount equal to the unredeemed  portion thereof will be issued in
     the name of the holder thereof upon cancellation of the original Note.

          (g) The Notes  shall not be  redeemable  at the  option of any  Holder
     thereof, upon the occurrence of any particular  circumstances or otherwise.
     The Notes will not have the benefit of any sinking fund.

          (h) The  Notes  shall be  issued in  denominations  of $1,000  and any
     integral multiple thereof.

          (i) The Trustee shall be the Security Registrar and Paying Agent.

                                        3
<PAGE>
          (j) The  entire  outstanding  principal  amount of the Notes  shall be
     payable  upon  declaration  of  acceleration  of its  maturity  pursuant to
     Section 5.02 of the Indenture.

          (k)  Payments of the  principal  of and interest on the Notes shall be
     made in Dollars, and the Notes shall be denominated in Dollars.

          (l) The Notes will be payable on the Maturity  Date in an amount equal
     to the  principal  amount  thereof  plus  unpaid  interest  accrued to such
     Maturity Date.

          (m) The Holders of the Notes shall have no special  rights in addition
     to those  provided in the Indenture  upon the  occurrence of any particular
     events.

          (n) (i) There shall be no deletions from, modifications of or addition
     to the  Events  of  Default  with  respect  to the  Notes  set forth in the
     Indenture.

               (ii) There shall be the following  additions to the covenants set
          forth in the Indenture with respect to the Notes:

                    LIMITATIONS  ON INCURRENCE  OF TOTAL DEBT.  The Company will
               not,  and will not permit any  Subsidiary  to, incur any Debt (as
               defined  below)  if,  immediately  after  giving  effect  to  the
               incurrence of such  additional  Debt and the  application  of the
               proceeds  therefrom,   the  aggregate  principal  amount  of  all
               outstanding  Debt  of  the  Company  and  its  Subsidiaries  on a
               consolidated   basis  determined  in  accordance  with  generally
               accepted accounting  principles is greater than 60% of the sum of
               (A) the Company's  Total Assets (as defined  below) as of the end
               of  the  calendar   quarter  prior  to  the  incurrence  of  such
               additional Debt and (B) the increase in Total Assets from the end
               of such quarter including,  without  limitation,  any increase in
               Total Assets caused by the incurrence of such additional Debt.

                    LIMITATION ON INCURRENCE OF SECURED DEBT. In addition to the
               foregoing  limitation on the incurrence of Debt, the Company will
               not,  and will not  permit  any  Subsidiary  to,  incur  any Debt
               secured by any mortgage,  lien,  charge,  pledge,  encumbrance or
               security interest of any kind on any of its properties,  and will
               not otherwise grant or convey any such mortgage,  charge, pledge,
               encumbrance  or  security  interest of any kind,  if  immediately
               after giving effect thereto,  the aggregate  principal  amount of
               all  outstanding  Debt of the Company and its  Subsidiaries  on a
               consolidated   basis  determined  in  accordance  with  generally
               accepted accounting  principles which is secured by any mortgage,
               charge,  pledge,  encumbrance or security interest of any kind on
               property of the Company or any  Subsidiary is greater than 40% of
               the sum of (A) the  Company's  Total  Assets as of the end of the
               calendar  quarter prior to the  incurrence of such Debt,  and (B)
               any  increase  in  Total  Assets  from  the end of  such  quarter
               including,  without  limitation,  any  increase  in Total  Assets
               caused by the incurrence of such additional Debt.

                    DEBT  SERVICE   COVERAGE.   In  addition  to  the  foregoing
               limitations  on the incurrence of Debt, the Company will not, and
               will not permit any Subsidiary to, incur any Debt if the ratio of

                                        4
<PAGE>
               Consolidated Income Available for Debt Service (as defined below)
               to  Annual  Service  Charge  (as  defined  below)  for  the  four
               consecutive  calendar  quarters most recently  ended prior to the
               date on which such additional Debt is to be incurred is less than
               1.5  to 1.0 on a pro  forma  basis  after  giving  effect  to the
               incurrence  of such  Debt  and the  application  of the  proceeds
               therefrom.

                    MAINTENANCE OF TOTAL  UNENCUMBERED  ASSETS. The Company will
               maintain  at all times  Total  Unencumbered  Assets  (as  defined
               below)  of  not  less  than  150%  of the  aggregate  outstanding
               principal amount of all outstanding unsecured Debt of the Company
               and its Subsidiaries.

               (iii) As used in Paragraph (n)(ii),  the following terms have the
          meanings set forth below:

                    "ANNUAL  SERVICE  CHARGE" means the interest  expense of the
               Company  and its  Subsidiaries  for the four  consecutive  fiscal
               quarters  most recently  ended,  including,  without  limitation,
               commissions,  discounts  and other fees and  charges  incurred in
               respect of letter of credit or  bankers'  acceptance  financings,
               net costs pursuant to hedging obligations, the interest component
               of all payments associated with Capitalized Leases,  amortization
               of debt issuance costs,  amortization of original issue discount,
               non-cash  interest  payments  and the  interest  component of any
               deferred payment obligations.

                    "CAPITALIZED  LEASE"  means  any  lease of  property  by the
               Company or any  Subsidiary  as lessee  that is  reflected  on the
               Company's  consolidated  balance sheet as a capitalized  lease in
               accordance with generally accepted accounting principles.

                    "CONSOLIDATED  INCOME  AVAILABLE  FOR DEBT  SERVICE" for any
               period means  Consolidated  Net Income (as defined  below) of the
               Company  and  its  Subsidiaries  plus  amounts  which  have  been
               deducted,  and  minus  amounts  which  have been  added,  for (A)
               interest  on  Debt  of the  Company  and  its  Subsidiaries,  (B)
               provision for taxes of the Company and its Subsidiaries  based on
               income,  (C)  amortization  of debt discount,  (D) provisions for
               gains and losses on properties, (E) depreciation,  (F) the effect
               of any  non-cash  charge  resulting  from a change in  accounting
               principles in determining Consolidated Net Income for such period
               and (G) amortization of deferred charges.

                    "CONSOLIDATED NET INCOME" for any period means the amount of
               consolidated  net  income  (or  loss)  of  the  Company  and  its
               Subsidiaries for such period  determined on a consolidated  basis
               in accordance with generally accepted accounting principles.

                                        5
<PAGE>
                    "DEBT"  means  any   indebtedness  of  the  Company  or  any
               Subsidiary, whether or not contingent, in respect of (A) borrowed
               money  or  evidenced  by  bonds,  notes,  debentures  or  similar
               instruments,  (B) indebtedness  secured by any mortgage,  pledge,
               lien,  charge,  encumbrance or any security  interest existing on
               property owned by the Company or any  Subsidiary,  (C) letters of
               credit or amounts representing the balance deferred and unpaid of
               the purchase  price of any property  except any such balance that
               constitutes   an  accrued   expense  or  trade   payable  or  (D)
               Capitalized  Leases,  in the case of items of indebtedness  under
               (A) through  (C) above to the extent  that any such items  (other
               than  letters  of  credit)  would  appear as  liabilities  on the
               Company's consolidated balance sheet in accordance with generally
               accepted accounting principles,  and also includes, to the extent
               not  otherwise  included,  any  obligation  by the Company or any
               Subsidiary to be liable for, or to pay, as obligor,  guarantor or
               otherwise  (other than for purposes of collection in the ordinary
               course of business),  indebtedness  of another person (other than
               the Company or any  Subsidiary)  (it being  understood  that Debt
               shall be deemed to be incurred  by the Company or any  Subsidiary
               whenever the Company or such  Subsidiary  shall  create,  assume,
               guarantee or otherwise become liable in respect thereof).

                    "SUBSIDIARY" means (A) any corporation,  association,  joint
               venture  or other  business  entity of which more than 50% of the
               total  voting  power  of  shares  of  stock  or  other  ownership
               interests  entitled  to vote in the  election  of the  directors,
               managers, trustees or other persons having the power to direct or
               cause the direction of the management and policies  thereof is at
               the time owned or  controlled,  directly  or  indirectly,  by the
               Company or one or more of the other  Subsidiaries of the Company,
               and (B) any partnership or limited liability company in which the
               Company or one or more of the other  Subsidiaries of the Company,
               directly or indirectly, possesses more than a 50% interest in the
               total  capital  or total  income of such  partnership  or limited
               liability company.

                    "TOTAL  ASSETS"  as  of  any  date  means  the  sum  of  (A)
               Undepreciated Real Estate Assets and, (B) all other assets of the
               Company  and  its  Subsidiaries  determined  in  accordance  with
               generally accepted accounting  principles (but excluding accounts
               receivable and intangibles).

                    "TOTAL  UNENCUMBERED  ASSETS"  means Total  Assets minus the
               value of any properties of the Company and its Subsidiaries  that
               are encumbered by any mortgage,  charge,  pledge,  lien, security
               interest or other encumbrance of any kind, including the value of
               any stock of any Subsidiary  that is so encumbered.  For purposes
               of this definition,  the value of each property shall be equal to
               the purchase price or cost of each such property and the value of
               any stock  subject  to any  encumbrance  shall be  determined  by
               reference to the value of the  properties  owned by the issuer of
               such stock as aforesaid.

                                        6
<PAGE>
                    "UNDEPRECIATED  REAL ESTATE ASSETS" as of any date means the
               amount of real estate assets of the Company and its  Subsidiaries
               on such date, before depreciation and amortization  determined on
               a  consolidated  basis  in  accordance  with  generally  accepted
               accounting principles.

               (iv) There shall be the following  modification to the definition
          of "Subsidiary" set forth in the indenture with respect to the Notes:

                    "SUBSIDIARY" means (A) any corporation,  association,  joint
               venture  or other  business  entity of which more than 50% of the
               total  voting  power  of  shares  of  stock  or  other  ownership
               interests  entitled  to vote in the  election  of the  directors,
               managers, trustees or other persons having the power to direct or
               cause the direction of the management and policies  thereof is at
               the time owned or  controlled,  directly  or  indirectly,  by the
               Company or one or more of the other  Subsidiaries of the Company,
               and (B) any partnership or limited liability company in which the
               Company or one or more of the other  Subsidiaries of the Company,
               directly or indirectly, possesses more than a 50% interest in the
               total  capital  or total  income of such  partnership  or limited
               liability company.

          (o) The Notes  shall be  issuable  only as  Registered  Securities  in
     permanent global form (without coupons).  Beneficial owners of interests in
     the  permanent  global Note may exchange  such  interests for Notes of like
     tenor or any authorized form and  denomination  only in the manner provided
     in Section 3.05 of the Indenture.  DTC shall be the depository with respect
     to each permanent global Note.

          (p) The Notes shall not be issuable as Bearer Securities.

          (q) Interest on the Notes shall be payable only to the Person in whose
     name the Note (or one or more  predecessor  Notes thereof) is registered at
     the close of business on the Regular Record Date for such interest payment.

          (r) Sections  14.02 and 14.03 of the Indenture  shall be applicable to
     the Notes,  including  the  Company's  ability to defease "its  obligations
     under any other covenant" as provided in Section 14.03 of the Indenture.

          (s) The Notes shall not be issuable in  definitive  form except  under
     the circumstances described in Section 3.05 of the Indenture.

          (t) The Notes will be  authenticated  and  delivered  as  provided  in
     Section 3.03 of the Indenture.

          (u) The Company shall not pay  Additional  Amounts with respect to the
     Notes as contemplated by Section 10.10 of the Indenture.

          (v) The Notes shall not be convertible  into Common Stock or Preferred
     Stock.

                                        7
<PAGE>
          (w) The Notes  shall  not be  subordinated  to any  other  Debt of the
     Company, and shall constitute senior unsecured obligations of the Company.

     2. The  foregoing  form and terms of the Notes  have  been  established  in
conformity with the provisions of the Indenture.

     3.  Each of the  undersigned  has read the  Indenture  and the  definitions
relating  thereto and has  examined the  resolutions  referred to in paragraph 1
above  and the  Notes  and has made  such  examination  or  investigation  as is
necessary  to enable  the  undersigned  to  represent  as to  whether or not all
conditions  precedent  provided in the Indenture  relating to the establishment,
authentication  and delivery of the Notes have been complied  with. On the basis
of the foregoing, all such conditions precedent have been complied with.

                                        8
<PAGE>
     IN  WITNESS  WHEREOF,  we have  hereunto  signed our names this 21st day of
September, 2000.

                                        By /s/ John Barravecchia
                                           -------------------------------------
                                           John Barravecchia,
                                           Executive Vice President, Chief
                                           Financial Officer, Treasurer and
                                           Assistant Secretary

                                        By /s/ Dennis L. Ruben
                                           -------------------------------------
                                           Dennis L. Ruben,
                                           Executive Vice President, General
                                           Counsel and Secretary

                                        9

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