Document:

<PAGE>   1
                                                                     EXHIBIT 4.1

                             INCORPORATED UNDER THE
                           LAWS OF THE STATE OF TEXAS
                              W-H ENERGY SERVICES

NUMBER
  C
COMMON

                                                          SHARES
                                                          COMMON

                                                     CUSIP 92925E 10 8

                                             SEE REVERSE FOR CERTAIN DEFINITIONS

This Certifies that

is the owner of

            FULLY PAID AND NON ASSESSABLE SHARES OF THE COMMON STOCK
                         PAR VALUE $.0001 PER SHARE OF

W-H Energy Services, Inc., a Texas corporation, transferable by the
holder hereof on the books of the Corporation in person or by duly authorized
attorney only upon surrender of this Certificate properly endorsed.

This Certificate is not valid unless countersigned and registered by the
Transfer Agent and Registrar.

In Witness Whereof, W-H Energy Services, Inc. has caused this Certificate to be
signed in facsimile by its duly authorized officers and a facsimile of its
Corporate Seal to be hereunto affixed.

Dated:

/s/ JEFFREY TEPERA
-----------------------------
Secretary

/s/ KENNETH T. WHITE, JR.
-----------------------------
PRESIDENT

COUNTERSIGNED AND REGISTERED:
COMPUTERSHARE TRUST COMPANY, INC.
P.O. Box 1596
DENVER, CO 80201
TRANSFER AGENT AND REGISTRAR
BY
AUTHORIZED SIGNATURE

<PAGE>   2
The Corporation will furnish without charge to each stockholder who so requests
the powers, designations, preferences and relative, participating, optional or
other special rights of each class of stock or series thereof of the
Corporation, and the qualifications, limitations or restrictions of such
preferences and/or rights. Such request may be made to the corporation or to the
transfer agent of the Corporation.

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

                                       ----------------------------------------|
                                       |                                       |
                                       |     TEN COM-as tenants in common      |
                                       |                                       |
                                       | TEN ENT-as tenants by the entireties  |
                                       |                                       |
                                       | JT TEN-as joint tenants with right of |
                                       |        survivorship and not as        |
                                       |        tenants in common              |
                                       |                                       |
                                       -----------------------------------------

--------------------------------------------------------------------------------
|                                                                              |
|  UNIF GIFT MIN ACT-                      Custodian                           |
|                     ------------------------------------------------------   |
|                        (Cust)                              (Minor)           |
|                                                                              |
|  under Uniform Gifts to Minors Act                                           |
|                                     --------------------------------------   |
|                                                    (State)                   |
|                                                                              |
--------------------------------------------------------------------------------

Additional abbreviations may also be used though not in the above list.

For value received,                                                      hereby
                    ----------------------------------------------------
sell, assign and transfer unto

                     PLEASE INSERT SOCIAL SECURITY OR OTHER
                         IDENTIFYING NUMBER OF ASSIGNEE
                     [____________________________________]

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

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, including postal zip code, OF
ASSIGNEE)

--------------------------------------------------------------------------------
|                                                                              |
|                                                                              |
|  --------------------------------------------------------------------------  |
|                                                                      Shares  |
|  -------------------------------------------------------------------         |
|                                                                              |
|                                                                              |
--------------------------------------------------------------------------------

represented by the within Certificate, and do hereby irrevocably constitute
and appoint

--------------------------------------------------------------------------------
|                                                                              |
|                                                                              |
|  --------------------------------------------------------------------------  |
|                                                                    Attorney  |
|  -----------------------------------------------------------------           |
|                                                                              |
|                                                                              |
--------------------------------------------------------------------------------

to transfer the said stock on the books of the within-named Corporation with
full power of substitution in the premises.
Dated
      --------------------------------------------------------------------------

NOTICE:
THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN
UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR EN-
LARGEMENT OR ANY CHANGE WHATEVER.

<PAGE>   3

--------------------------------------------------------------------------------
|                                                                              |
|                                                                              |
|  X                                                                           |
|    ------------------------------------------------------------------------  |
|                                  (Signature)                                 |
|                                                                              |
|  X                                                                           |
|    ------------------------------------------------------------------------  |
|                                  (Signature)                                 |
|                                                                              |
|                                                                              |
--------------------------------------------------------------------------------

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN
AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE
17Ad-15.

SIGNATURE(S) GUARANTEED BY:<PAGE>   1
                                                                   EXHIBIT 10.15

                                                               September 6, 2000

                                  CONFIDENTIAL

W-H Energy Services, Inc.
10370 Richmond Avenue, Suite 990
Houston, Texas 77042

Attention:  Mr. Kenneth T. White Jr.
            Chief Executive Officer

                    Re:  W-H Energy Services, Inc. Commitment Letter

Gentlemen:

       You have advised DLJ Capital Funding, Inc. ("DLJ") that W-H Energy
Services, Inc. (the "COMPANY"), a Texas corporation owned in part by affiliates
of The Jordan Company (the "SPONSOR"), proposes to refinance existing
indebtedness of approximately $220.5 million (the "REFINANCING") with the gross
proceeds of (i) an initial public offering of the Company's common equity of
$162.5 million (the "EQUITY OFFERING") and (ii) borrowings of approximately
$76.5 million under a senior secured credit facility (the "CREDIT FACILITY"). In
addition, fees and expenses related to the Equity Offering, Refinancing, Credit
Facility and related transactions will be approximately $18.5 million (the
"EXPENSE PAYMENTS"). The Equity Offering, Refinancing, Expense Payments and
related transactions are collectively referred to herein as the "TRANSACTION".
In addition, as used herein, the term "CREDIT GROUP" shall refer, collectively,
to the Company and its subsidiaries.

       We understand that the $239.0 million required to consummate the
Transaction will be financed with (i) borrowings under the Credit Facility by
the Company in the amount of up to $76.5 million and (ii) gross proceeds of
$162.5 million from the Equity Offering. The sources and uses of funding
anticipated to be required to consummate the Transaction are set forth in the
Sources and Uses table attached hereto as Schedule I.

       DLJ Capital Funding hereby commits (the "COMMITMENT") to provide the
Company up to $95.0 million, senior secured Credit Facility consisting of a (i)
a $75.0 million term loan facility (the "TERM FACILITY"), consisting of a
six-year $50.0 million term loan A facility (the "TERM A FACILITY", and a six
and one-half year $25.0 million term loan B facility (the "TERM B FACILITY") and
(ii) a six-year $20.0 million revolving credit facility (the "REVOLVING
FACILITY"), of which, $1.5 million will be funded at the closing date of the
Credit Facility ("CLOSING DATE"). In the event the Company raises more than
$162.5 million of gross proceeds (the "EXCESS Proceeds") from the Equity
Offering, the Term Facility Commitment amount will be reduced on a
dollar-for-dollar basis with the Excess Proceeds that are in excess of $1.5
million.

<PAGE>   2
CONFIDENTIAL
Page 2

       DLJ will act as the sole and exclusive advisor and arranger in respect of
the Credit Facility. DLJ, as "ARRANGER", hereby confirms its willingness to use
its reasonable commercial efforts to arrange a syndicate of other financial
institutions that will, together with DLJ, participate in the Credit Facility.
The financial institutions (including DLJ) which participate in the Credit
Facility are referred to herein as the "LENDERS". DLJ will manage all aspects of
the syndication including decisions as to the selection of the institutions to
be approached and the timing as to when they will be approached, when their
Commitment will be accepted, which institutions will participate, the
allocations of the Commitment among potential Lenders and the amount and
distribution of fees among the Lenders. You agree that no other agents,
co-agents or arrangers will be appointed, no other titles will be awarded and no
compensation (other than that expressly set forth herein and in the Fee Letter)
will be paid in connection with the Credit Facility unless you and we shall so
agree. You agree to assist DLJ in completing a syndication satisfactory to it.
Such assistance shall include (i) you using your commercially reasonable efforts
to ensure that the syndication efforts benefit materially from the existing
lending relationships of the Company, (ii) you using your reasonable efforts to
make members of the management of the Company, as well as its consultants and
advisors, available during regular business hours to answer questions regarding
the Credit Facility, (iii) assistance by the Company in the preparation of a
confidential information memorandum to be used in connection with the
syndication and (iv) the hosting by the Company of meetings with prospective
Lenders.

       DLJ shall be entitled, in consultation with you, to change the structure,
terms or pricing of the Credit Facility if the syndication has not been (or will
not be) successfully completed and if we determine that such changes are
advisable in order to insure a successful syndication of the Credit Facility,
provided however, the amount of the Credit Facility and the fees payable
therewith will remain unchanged. DLJ reserves the right to propose alternative
financing amounts or structures that assure adequate protection for DLJ and the
Lenders. The Commitment, undertakings and agreements of DLJ are subject to and
contingent upon the agreements in this paragraph.

       In consideration of the Commitment, the Company agrees to pay, or to
cause the Credit Group to pay, to DLJ the fees set forth in the financing fee
letter (the "FEE LETTER") executed by the parties hereto in accordance with the
terms of the Fee Letter.

       The Commitment, and all other obligations of DLJ hereunder, is expressly
subject to (a) the terms and conditions set forth in this commitment letter, and
the conditions and other provisions set forth in Exhibits A through C hereto
(collectively, the "COMMITMENT LETTER") and the Fee Letter, (b) the absence of
any material disruption of or material adverse change in current financial,
banking or capital market conditions that, in the good faith judgment of the
DLJ, could materially impair the satisfactory syndication of the Credit
Facility, (c) there being no facts, events or circumstances, now existing or
hereafter arising, which come to the attention of DLJ and which, in its good
faith determination, materially adversely affect the business, assets, condition
(financial or otherwise), operations, performance, and properties of the Credit
Group taken as a whole , and (d) the execution and delivery of definitive
documentation reasonably satisfactory to DLJ and the Company and covering the
matters expressly referred to herein and such other customary matters as DLJ may
reasonably request (collectively, the "DEFINITIVE DOCUMENTATION"). In the event
any of the foregoing conditions are not satisfied, DLJ reserves the right to
either terminate its Commitment (and thereafter DLJ shall have no other or
further obligations hereunder or in connection with the Transaction) or to
propose alternative financing amounts or structures that assure adequate
protection for DLJ and the Lenders.
<PAGE>   3
CONFIDENTIAL
Page 3

       The Commitment is not assignable by you. Nothing in this Commitment
Letter, expressed or implied, shall give any person, other than the parties
hereto, any benefit or any legal or equitable right, remedy or claim under this
Commitment Letter. The Company agrees to indemnify, or to cause the Credit Group
to, indemnify and hold the Indemnified Parties, as defined in Exhibit C hereto,
harmless to the extent set forth in Exhibit C to this Commitment Letter, and,
upon demand from time to time, to reimburse the Indemnified Parties for all
reasonable out-of-pocket costs, expenses and other payments, including but not
limited to reasonable legal fees and disbursements incurred or made in
connection with the Commitment, the syndication of the Commitment, and the
preparation, execution and delivery of the Definitive Documentation, regardless
of whether or not any Definitive Documentation is executed, or any of the
Commitment expire or are terminated.

       The Company hereby represents that (a) all information, other than the
Projections (as defined below), which has been made available to DLJ by you or
any of your representatives in connection with the transactions contemplated
hereby (together with information hereafter made available, the "INFORMATION"),
as supplemented as contemplated by the next sentence, is (or will be, in the
case of Information made available after the date hereof) complete and correct
in all material respects and does not (or will not, as the case may be) contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained therein not materially misleading in
light of the circumstances under which such statements were or are made, and (b)
all financial projections concerning the Credit Group that have been or are
hereafter made available to DLJ by the Company or any of their representatives
in connection with the transactions contemplated hereby (the "PROJECTIONS") have
been (or will be, in the case of Projections made available after the date
hereof) prepared in good faith based upon reasonable assumptions. The Company
agrees to supplement the Information and Projections, to the extent the Company
becomes aware of or are furnished with such Information and/or Projections, from
time to time so that the representation and warranty in the preceding sentence
is correct on the Closing Date of the Credit Facility. In arranging and
syndicating the Credit Facility, we may use and rely on the Information and the
Projections without independent verification thereof. The representations and
covenants contained in this paragraph shall remain effective until the
Definitive Documentation is executed and thereafter the disclosure
representations contained herein shall be superceded by those contained in the
Definitive Documentation.

         The Commitment Letter and the Fee Letter are delivered to you with the
understanding that neither this Commitment Letter nor the Fee Letter, nor the
substance hereof or thereof, shall be disclosed to any third party (including,
without limitation, other lenders, underwriters, placement agents, or advisors
or any similar persons), without the prior written consent of DLJ except in the
case of those in a confidential relationship to you, such as your officers,
legal counsel or accountants, or as required by law or by any court or
governmental agency (and in each such event of permitted disclosure as required
by law or by court or government agency you agree promptly to inform us).

       This Commitment Letter may not be amended or waived except by an
instrument in writing signed by DLJ and the Company.

       This Commitment Letter and the Fee Letter set forth the entire
understanding of the parties as to the scope of the Commitment and the
obligations of DLJ hereunder. The Commitment will expire at 5:00 PM, New York
City time on September 6, 2000 unless this Commitment Letter and the Fee Letter
shall have been accepted prior to such time. The Commitment will also expire at
the earliest of (i) the closing of the Transaction without the funding of the
Commitment; (ii) the commencement by any member of the Credit Group of any
securities offering or the arrangement of any other financing relating to the
<PAGE>   4
CONFIDENTIAL
Page 4

Transaction for which Donaldson, Lufkin & Jenrette Securities Corporation
("DLJSC") or one of its affiliates is not lead manager, arranger or agent, as
the case may be; or (iii) 5:00 PM New York City time on October 26, 2000 if the
closing of the Transaction has not occurred by such time; provided however, that
any term or provision hereof to the contrary notwithstanding all your
obligations hereunder in respect of indemnification, confidentiality and fee and
expense reimbursement provisions shall survive any termination of the
Commitment.

       This Commitment Letter shall be governed by, and construed in accordance
with, the laws of the State of New York as applied to contracts made and
performed within such state, without giving effect to the principles of
conflicts of laws thereof. To the fullest extent permitted by applicable law,
each of the parties hereto hereby irrevocably submits to the jurisdiction of any
New York State court or Federal court sitting in the Borough of Manhattan in New
York City in respect of any suit, action or proceeding arising out of or
relating to the provisions of this Commitment Letter or the making of the
Commitment and irrevocably agrees that all claims in respect of any such suit,
action or proceeding may be heard and determined in any such court. Each of the
parties hereto waives to the fullest extent permitted by applicable law, any
objection which it may now or hereafter have to the laying of the venue of any
such suit, action or proceeding brought in any such court, and any claim that
any such suit, action or proceeding brought in any such court has been brought
in an inconvenient forum and any right to trial by jury in any such suit, action
or proceeding.

<PAGE>   5
CONFIDENTIAL
Page 5

       Please indicate your acceptance of the Commitment and your agreement to
the matters contained in this Commitment Letter by executing this document and
returning it to us prior to the time of expiration set forth above.

                                                  Sincerely,

                                                  DLJ CAPITAL FUNDING, INC.

                                                  /s/ Richard N. Beaudoin
                                                  ------------------------------
                                                  By: Richard N. Beaudoin
                                                  Title: Senior Vice President

Accepted and Agreed to this
September 6, 2000

W-H ENERGY SERVICES, INC.

/s/ Jonathan F. Boucher
-----------------------------
By: W-H Energy Services, Inc.
Title: Vice President

Enclosures:

       Exhibit A - Summary Term Sheet
       Exhibit B - Conditions to Closing
       Exhibit C - Indemnification

<PAGE>   6
CONFIDENTIAL
Page 6

                                                                      SCHEDULE I

 ($ in millions)
<TABLE>
<CAPTION>
                     SOURCES                                            USES
---------------------------------------------- -----------------------------------------------------
<S>                                   <C>            <C>                                        <C>
 Revolving Facility                   $ 1.5     Refinance Existing Debt (1)(2)             $ 220.5
 Term Facility                         75.0     Expense Payments                              18.5
 Equity Offering                      162.5

---------------------------------------------- -----------------------------------------------------
         Total Sources               $239.0             Total Uses                         $ 239.0
============================================== =====================================================
</TABLE>

(1) June 30, 2000 balances under the existing credit facilities.
(2) Estimated September 30, 2000 balances for the 12.5% Senior Subordinated
    Notes and the 13.0% Senior Subordinated Notes.

<PAGE>   7

                                                                       EXHIBIT A

                               SUMMARY TERM SHEET

Set forth below is a summary of certain of the material terms of the Credit
Facility and the Definitive Documentation. This summary is intended merely as an
outline, and does not include descriptions of all of the terms, conditions and
other provisions that are to be contained in the Definitive Documentation. The
Commitment, undertakings and obligations described herein will be subject to
negotiation and execution of Definitive Documentation in form and substance
satisfactory to DLJ, the Lenders and their legal counsel. Capitalized terms used
herein and not otherwise defined have the meaning set forth in the Commitment
Letter dated September 6, 2000 to which the Summary Term Sheet is attached and
of which it forms a part.

BORROWER:                       W-H Energy Services, Inc. (the "BORROWER" or the
                                "COMPANY").

GUARANTORS:                     All direct and indirect subsidiaries of the
                                Borrower, existing currently or hereafter
                                acquired; provided however, that non-U.S.
                                subsidiaries shall only be required to deliver
                                guarantees to the extent it would not result in
                                material increased tax or similar liabilities
                                for the Borrower and its subsidiaries on a
                                consolidated basis.

ARRANGER:                       DLJ Capital Funding, Inc. ("DLJ") as sole lead
                                Arranger.

SYNDICATION AGENT:              DLJ (the "SYNDICATION AGENT") as sole
                                Syndication Agent.

ADMINISTRATIVE AGENT:           A financial institution to be agreed upon by the
                                Arranger and the Borrower (the "ADMINISTRATIVE
                                AGENT"; the Syndication Agent and Administrative
                                Agent are herein collectively referred to as the
                                "AGENTS").

LENDERS:                        DLJ and a group of financial institutions
                                (collectively, the "LENDERS") as may be
                                acceptable to the Syndication Agent and the
                                Borrower.

CLOSING DATE:                   No later than October 26, 2000.

DESCRIPTION OF
THE CREDIT FACILITY:            A maximum amount of $95.0 million in a senior,
                                first-priority, secured financing to be provided
                                to the Borrower consisting of (a) a revolving
                                credit facility (the "REVOLVING FACILITY") of up
                                to $20.0 million, and (b) a term

<PAGE>   8
CONFIDENTIAL
Page 2

                                loan facility of up to $75.0 million (the "TERM
                                FACILITY") which shall consist of (i) a term A
                                loan facility (the "TERM A FACILITY") in the
                                amount of $50.0 million and (ii) a term B loan
                                facility (the "TERM B FACILITY") in the amount
                                of $25.0 million.

PURPOSE:                        Proceeds will be used to fund, in part, the
                                consummation of the Transaction.

REVOLVING FACILITY
COMMITMENT AMOUNT:              $20.0 million.

REVOLVING FACILITY
COMMITMENT AVAILABILITY:        Proceeds from Revolving Loans made under the
                                Revolving Facility (including Letters of Credit)
                                will be available for post-closing, working
                                capital and general corporate purposes of the
                                Company.

                                Pursuant to the Revolving Facility, loans
                                ("REVOLVING LOANS") may be borrowed, prepaid and
                                reborrowed from time to time prior to the
                                Revolving Facility Commitment Termination Date
                                (as defined below).

REVOLVING
FACILITY COMMITMENT
TERMINATION DATE:               The sixth anniversary of the Closing Date.

LETTERS OF CREDIT SUB-FACILITY: Outstanding Letters of Credit and related

                                reimbursement obligations may not exceed $10.0
                                million in the aggregate. Each issuance of a
                                Letter of Credit will constitute usage under the
                                Revolving Facility, on a dollar-for-dollar
                                basis. Letters of Credit will expire on the
                                earlier of (i) one year from the date of
                                issuance or (ii) the Revolving Facility
                                Commitment Termination Date.

TERM A FACILITY:                The Term A Facility will be made available to
                                the Borrower in a single borrowing pursuant to
                                which Term A Loans will be made. Once repaid or
                                prepaid, Term A Loans cannot be reborrowed. TERM
                                A FACILITY COMMITMENT AMOUNT: $50.0 million.

AMORTIZATION OF
THE TERM A FACILITY:            The Term A Loans will amortize each year in
                                equal quarterly installments in an annual amount
                                equal to the percentages listed in the following
                                repayment schedule multiplied by the Term A
                                Facility Commitment amount:
<PAGE>   9
CONFIDENTIAL
Page 3

                                             YEAR              REPAYMENT AMOUNTS
                                             ----              -----------------
                                             1.0                     0.0%
                                             2.0                    10.0%
                                             3.0                    15.0%
                                             4.0                    20.0%
                                             5.0                    25.0%
                                             6.0                    30.0%

FINAL MATURITY FOR
ALL TERM A LOANS:               The sixth anniversary of the Closing Date.

TERM B FACILITY:                The Term B Facility will be made available to
                                the Borrower in a single borrowing pursuant to
                                which Term B Loans will be made. Once repaid or
                                prepaid, Term B Loans cannot be reborrowed.

TERM B FACILITY
COMMITMENT AMOUNT:              $25.0 million.

AMORTIZATION OF
THE TERM B FACILITY:            The Term B Loans will amortize each year in
                                equal quarterly installments in an annual amount
                                equal to the percentage listed in the following
                                repayment schedule multiplied by the Term B
                                Facility Commitment amount:

                                             YEAR              REPAYMENT AMOUNTS
                                             ----              -----------------
                                             1.0                    1.0%
                                             2.0                    1.0%
                                             3.0                    1.0%
                                             4.0                    1.0%
                                             5.0                    1.0%
                                             6.0                    1.0%
                                             6.5                   94.0%

FINAL MATURITY FOR
ALL TERM B LOANS:               The six and one-half year anniversary of the
                                Closing Date.

INTEREST RATES:                 At the Borrower's option, Loans will bear
                                interest at the Administrative Agent's (i)
                                alternate base rate or (ii) reserve-adjusted
                                LIBO rate, plus, in each case, the applicable
                                margins (the "APPLICABLE MARGINS") as shown
                                below (in basis points):
<PAGE>   10
CONFIDENTIAL
Page 4
<TABLE>
<CAPTION>
                                                                      ALTERNATE BASE
                                                    LIBO RATE LOANS     RATE LOANS
                                                    ---------------     ----------
<S>                                                 <C>                 <C>
                                Revolving Loans             275             175

                                Term A Loans                275             175

                                Term B Loans              325-350         225-250
</TABLE>

                                The Applicable Margins set forth above for
                                Revolving Loans, Term A Loans and Term B Loans
                                will be subject to performance-based adjustments
                                (based on a leverage ratio) commencing on the
                                date (the "PRICE ADJUSTMENT DATE") on which the
                                financial statements of the Borrower are
                                delivered in respect of the second full fiscal
                                quarter of the Borrower following the Closing
                                Date.

LETTERS OF CREDIT FEES:         Upon each issuance of a Letter of Credit, the
                                Borrower agrees to pay quarterly in arrears (a)
                                a per annum letter of credit fee equal to the
                                Applicable Margin for Revolving LIBO Rate Loans
                                minus 1/8 of 1% multiplied by the face amount of
                                the such Letter of Credit plus (b) a fronting
                                fee of 25 basis points, in an amount to be
                                determined, to the issuer of the Letters of
                                Credit (the "LC Issuer").

INTEREST PAYMENT DATES:         Interest periods for LIBO rate Loans shall be,
                                at the Borrower's option, one, two, three or six
                                months (and nine or twelve months, if available
                                to all Lenders) and shall be payable on the last
                                business day of the applicable interest period
                                therefor (or, if earlier, each third month
                                following the commencement of such interest
                                period). Interest on alternate base rate Loans
                                shall be payable quarterly in arrears.

VOLUNTARY PREPAYMENTS:          Outstanding Loans are voluntarily payable
                                without penalty; provided however, that LIBO
                                breakage costs, if any, shall be for the account
                                of the Borrower.

MANDATORY PREPAYMENTS:          Customary for the type of transaction proposed
                                and others to be reasonably specified (subject
                                to certain exceptions to be negotiated) by the
                                Syndication Agent, including, without
                                limitation, as follows:

                                (i) 100% of net proceeds of asset sales,
                                proceeds from condemnations and the like and
                                proceeds from loss or casualty (subject to
                                certain permitted reinvestments within 365 days
                                to be agreed upon);

                                (ii) 100% of net proceeds from the sale or
                                issuance of debt securities (until the Term
                                Facility is repaid or prepaid in full); and
<PAGE>   11
CONFIDENTIAL
Page 5

                                Lenders having Term B Loans will have the right
                                to decline to have such Term B Loans prepaid
                                with the mandatory prepayments set forth above,
                                in which case the amounts that would have been
                                applied to a prepayment of Term B Loans shall
                                instead be applied first to Term A Loans on a
                                pro rata basis according to the amortization
                                payment schedule until all such Term A Loans
                                have repaid in full and second to Revolving
                                Loans (without a corresponding reduction in the
                                Revolving Commitment).

COMMITMENT FEE:                 Commencing on the Closing Date, a non-refundable
                                fee (the "COMMITMENT FEE") will accrue at a rate
                                of 1/2 of 1% per annum on the daily average
                                unused portion of the Revolving Facility
                                Commitment Amount (whether or not then
                                available), payable quarterly in arrears and on
                                the final maturity of the Revolving Facility
                                (whether by stated maturity or otherwise).

                                Following the Pricing Adjustment Date, the
                                Commitment Fee will be subject to
                                performance-based adjustments in amounts to be
                                determined.

SECURITY:                       The Credit Facility will be secured by a
                                first-priority perfected lien on (subject to
                                certain exceptions): (i) all existing and future
                                property and assets (real and personal, tangible
                                and intangible (including, but not limited to,
                                licenses, brand names and trademarks)) of the
                                Borrower and its subsidiaries; (ii) all of the
                                capital stock of all of the Borrower's direct
                                and indirect subsidiaries (existing and future);
                                provided however, no more than 65% of the equity
                                interests of non-U.S. subsidiaries will be
                                required to be pledged as a security in the
                                event that a pledge of a greater percentage
                                would result in material increased tax or
                                similar liabilities for the Borrower and its
                                subsidiaries on a consolidated basis and (iii)
                                all intercompany indebtedness.

GUARANTEES:                     Senior secured guarantees to be delivered by all
                                direct and indirect subsidiaries of the
                                Borrower, provided however, that non-U.S.
                                subsidiaries shall only be required to deliver
                                guarantees to the extent it would not result in
                                material increased tax or similar liabilities.
                                Each such guarantee shall be an unconditional
                                guaranty of payment, and not of collection.

REPRESENTATIONS
AND WARRANTIES:                 Customary for the type of transaction proposed
                                for credits of this nature and others to be
                                mutually agreed upon by the Syndication Agent
                                and the Borrower.

AFFIRMATIVE COVENANTS:          Customary for the type of transaction proposed
                                for credits of this nature and others to be
                                mutually agreed upon by the Syndication Agent
                                and the Borrower.
<PAGE>   12
CONFIDENTIAL
Page 6

NEGATIVE COVENANTS:             Customary for the type of transaction proposed
                                for credits of this nature and others to be
                                mutually agreed upon by the Syndication Agent
                                and the Borrower, including, without limitation,
                                the following:

                                         1. Restricting the incurrence of
                                            additional debt, sale leasebacks and
                                            contingent liabilities (other than
                                            certain permitted exceptions to be
                                            mutually agreed upon).

                                         2. Restricting the incurrence or
                                            sufferance of liens or other
                                            encumbrances.

                                         3. Defeasance, repurchase or prepayment
                                            of any indebtedness or preferred
                                            stock.

                                         4. Restricting the making of restricted
                                            payments and other similar
                                            distributions.

                                         5. Restricting the sale of assets or
                                            similar transfers (other than in the
                                            ordinary course of business).

                                         6. Restricting the making of capital
                                            expenditures.

                                         7. Restricting mergers, consolidations
                                            and similar combinations.

                                         8. Restricting investment or
                                            acquisitions.

                                         9. Restricting transactions with
                                            affiliates.

FINANCIAL COVENANTS:            Customary for the type of transaction proposed
                                for credits of this nature, including, without
                                limitation, the financial covenants set forth
                                below (all accounting terms to be interpreted,
                                and all accounting determinations and
                                computations to be made, in accordance with
                                generally accepted accounting principles):

                                         1. Minimum interest coverage ratio of
                                            2.50x.

                                         2. Maximum leverage ratio of 3.25x.

                                         3. Maximum capital expenditures.

EVENTS OF DEFAULT:              Customary for the type of transaction proposed,
                                including, without limitation, a cross default
                                to other indebtedness of the Borrower and its
                                subsidiaries and a change of control (to be
                                defined).

MISCELLANEOUS:                  Customary for the type of transaction proposed,
                                including, without limitation, the following:
<PAGE>   13
CONFIDENTIAL
Page 7

                                         1. Customary indemnity and capital
                                            adequacy provisions, including,
                                            without limitation, compensation in
                                            respect of taxes (including gross-up
                                            provisions for withholding taxes)
                                            and decreased profitability
                                            resulting from U.S. or foreign
                                            capital adequacy requirements,
                                            guidelines or policies or their
                                            interpretation or application and
                                            any other customary yield and
                                            increased cost protection deemed
                                            necessary by the Lenders to provide
                                            customary protection.

                                         2. The Lenders will be permitted to
                                            assign and participate Loans and
                                            Commitments. Any assignments would
                                            be by novation, would be subject to
                                            a minimum amount of $5.0 million for
                                            Revolving Loans and $1.0 million for
                                            Term Loans and would require the
                                            Borrower's consent and the consent
                                            of the Syndication Agent (such
                                            consent, in each case, not to be
                                            unreasonably withheld or delayed).
                                            Participations shall be without
                                            restrictions and participants will
                                            have the same benefits as the
                                            Lenders with regard to increased
                                            costs, capital adequacy, etc.
                                            (provided however, that such amounts
                                            are not greater than the amount of
                                            costs that would have been incurred
                                            by the Lender selling the
                                            participation), and receipt of
                                            information pursuant to the
                                            Definitive Documentation . Voting by
                                            participants will be subject to
                                            customary limitations.

                                         3. Indemnification of the Arranger, the
                                            Agents, each of the Lenders and each
                                            of their respective affiliates,
                                            directors, officers, agents and
                                            employees (collectively, the
                                            "INDEMNIFIED PARTIES") from and
                                            against losses, claims, damages,
                                            liabilities or other expenses, as
                                            set forth in Exhibit C hereto.

                                         4. The Borrower shall pay all of the
                                            fees and out-of-pocket expenses as
                                            set forth in Exhibit C hereto.

                                         5. Amendments and waivers of the
                                            Definitive Documentation will
                                            require the approval of Lenders
                                            holding more than 50% of the Loans
                                            and Commitment, except that the
                                            consent of all the Lenders shall be
                                            required with respect to certain
                                            customary issues.

                                         6. Waiver of jury trial.

                                         7. New York governing law; consent to
                                            New York jurisdiction; appointment
                                            of New York process agent.
<PAGE>   14
CONFIDENTIAL
Page 8

LEGAL COUNSEL TO
THE AGENTS:                         Mayer, Brown and Platt.

<PAGE>   15
                                                                       EXHIBIT B

                              CONDITIONS TO CLOSING

The Commitment of DLJ is subject to the execution of Definitive Documentation
(as defined below) which will contain the applicable terms and conditions set
forth in the Commitment Letter and such other conditions precedent, covenants,
representations, warranties, events of default and other provisions determined
by DLJ in their sole discretion and to satisfaction of the conditions precedent
set forth below together with other reasonable conditions precedent as may be
reasonably requested by DLJ.

          (i) Receipt by the Borrower of gross proceeds from the Equity Offering
     of at least $150.0 million on terms satisfactory to DLJ;

          (ii) The definitive documentation including credit, guarantee,
     security, intercreditor and other related documentation evidencing the
     Credit Facility (the "DEFINITIVE DOCUMENTATION") shall be prepared by
     counsel to DLJ and shall be in form and substance satisfactory to DLJ in
     all respects;

          (iii) Satisfaction that prior to and during the syndication of the
     Credit Facility, there shall be no competing equity or debt securities
     (other than the Equity Offering) or bank credit facilities of the Credit
     Group;

          (iv) No indebtedness and no preferred stock of the Credit Group shall
     be outstanding on the Closing Date other than up to $2.5 million of other
     indebtedness and borrowings under the Credit Facility. In addition, the
     Credit Group shall have terminated all other bank financing arrangements
     and commitments;

          (v) On the Closing Date, the Company shall have a minimum of $10.0
     million available under the Revolving Facility available for working
     capital requirements;

          (vi) Receipt by DLJ of consolidated financial statements and other
     information that would be required to be included or incorporated by
     reference in a registration statement filed pursuant to the Securities Act,
     including, without limitation: (a) consolidated financial statements of the
     Company and its subsidiaries including balance sheets as of the end of the
     last two fiscal years and income and cash flow statements for each of the
     last three fiscal years, in each case, audited by independent public
     accountants of recognized international standing and prepared in conformity
     with GAAP, together with the report thereon; and (b) unaudited interim
     consolidated financial statements of the Company and its subsidiaries,
     prepared in each case in the same manner as the historical audited
     statements, for the period from the most recent audited annual financial
     statements referred to in clause (a) above to the fiscal quarter preceding
     the Closing Date;

          (vii) The corporate, tax, capital and ownership structure (including
     articles of incorporation and by-laws) and management of the Credit Group
     after the Transaction shall be satisfactory to DLJ in all respects. DLJ
     acknowledges the structure and management as currently represented to DLJ
     is satisfactory in all respects;

          (viii) The Lenders shall have been granted on the Closing Date first
     priority perfected liens and guarantees (as applicable) to the extent
     required and described in the Definitive Documentation and shall have
     received such other reports, documents and agreements as reasonably
     requested in connection with security interests in real property assets;
<PAGE>   16
CONFIDENTIAL
Page 2

          (ix) Receipt by DLJ of (a) a consolidated pro forma balance sheet and
     income statements of the Company and its subsidiaries for the quarter end
     preceding the Closing Date, giving effect to the Transaction reflecting
     related accounting adjustments, prepared by independent public accountants
     of recognized international standing in accordance with Regulation S-X and
     (b) projected financial statements (including balance sheets, statements of
     operations and cash flows) of the Company and its subsidiaries for the
     seven-year period after the Closing Date in form and substance satisfactory
     to DLJ;

          (x) DLJ shall have received a solvency certificate signed by the chief
     financial officer of the Company, in form and substance satisfactory to
     DLJ, supporting the conclusions that, after giving effect to the
     Transaction and the related transactions contemplated hereby, the Credit
     Group will not be insolvent or be rendered insolvent by the indebtedness
     incurred in connection therewith, or be left with unreasonably small
     capital with which to engage in its businesses, or have incurred debts
     beyond its ability to pay such debts as they mature;

          (xi) All governmental, shareholder and third party consents (including
     Hart-Scott Rodino clearance, if required) and approvals necessary or
     desirable in connection with the Transaction, the related financings, any
     other transactions contemplated hereby and the continuing operations of the
     business of the Credit Group shall have been obtained and be in full force
     and effect, and all applicable waiting periods shall have expired without
     any action being taken or threatened by any competent authority that could
     restrain, prevent or impose any materially adverse conditions on the
     Transaction or such other transactions or that could seek or threaten to
     restrain, prevent or impose any materially adverse conditions on any of the
     forgoing, and no law or regulation shall be applicable which in the
     judgment of DLJ could have any such effect;

          (xii) Absence of any material adverse change in the business, assets,
     condition (financial or otherwise), operations, performance or properties
     of the Credit Group taken as a whole since the end of the most recently
     ended fiscal year for which audited financial statements have been provided
     to DLJ or in the facts and information as represented to date;

          (xiii) Absence of any action, suit, investigation, litigation or
     proceeding pending or threatened in any court or before any arbitrator or
     governmental instrumentality that purports to affect the Transaction, the
     Credit Facility or any of the other transactions contemplated hereby, that
     could have a material adverse effect on the Transaction, the Credit
     Facility or any of the other transactions contemplated hereby, or that
     could have a material adverse effect on the business, assets, condition
     (financial or otherwise), operations, performance or properties of the
     Credit Group taken as a whole;

          (xiv) DLJ shall have received satisfactory opinions of counsel to the
     Credit Group as to the transactions contemplated hereby (including without
     limitation the tax and corporate aspects thereof and compliance with all
     applicable securities laws), and such corporate resolutions, certificates
     and other documents as DLJ shall reasonably request;

          (xv) Absence of any default under the Definitive Documentation or
     event that, with notice and/or the passage of time, could become an event
     of default and satisfaction as to the accuracy of all representations and
     warranties set forth in the Definitive Documentation;

          (xvi) All fees and expenses due to DLJ as set forth in the Fee Letter
     or otherwise shall have been paid in full; and
<PAGE>   17
CONFIDENTIAL
Page 3

          (xvii) Absence of any material disruption or material adverse change
     in the current financial, banking or capital market conditions that in the
     judgement of DLJ would reasonably be expected to materially impair the
     satisfactory syndication of the Credit Facility.

<PAGE>   18
                                                                       EXHIBIT C

                                 INDEMNIFICATION

Unless otherwise defined, terms used herein shall have the meanings assigned
thereto in (a) the commitment letter (the "COMMITMENT LETTER") to which this
Exhibit C is attached and (b) Exhibit A and Exhibit B to the Commitment Letter.

The Company (the "INDEMNITOR") shall pay all reasonable fees, costs and expenses
(including all reasonable out-of-pocket costs and expenses arising in connection
with the syndication of the Credit Facility and any due diligence investigation
performed by the Arranger or any Agent, and the reasonable fees and expenses of
legal counsel to the Arranger and to the Administrative Agent, including any
local or foreign legal counsel) arising in connection with the negotiation,
preparation, execution, delivery or administration of the Commitment Letter, the
exhibits thereto (including, without limitation, the Summary Term Sheet), the
Fee Letter and the Definitive Documentation, and the Indemnitor shall be
obligated to pay such fees and expenses whether or not the Definitive
Documentation is executed or delivered or the Transaction is consummated.

         In addition, the Indemnitor hereby indemnifies and holds harmless each
Indemnified Party (as defined below) from and against all Liabilities (as
defined below). "INDEMNIFIED PARTY" shall mean the Arranger, each Agent, each of
the Lenders, each affiliate of any of the foregoing and the respective
directors, officers, agents and employees of each of the foregoing, and each
other person controlling any of the foregoing within the meaning of either
Section 15 of the Securities Act of 1933, as amended, or Section 20 of the
Securities Exchange Act of 1934, as amended. "LIABILITIES" shall mean any and
all losses, claims, damages, liabilities or other costs or expenses to which an
Indemnified Party may become subject which arise out of or relate to or result
from any transaction, action or proceeding to or connected with the transaction
described in the Commitment Letter, Fee Letter or Summary Term Sheet (other than
any losses, claims, damages, liabilities or other costs or expenses that are
determined by final judgment of a court of competent jurisdiction to have
resulted from such Indemnified Party's gross negligence or willful misconduct).
In addition to the foregoing, the Indemnitor agrees to reimburse each
Indemnified Party for all reasonable legal or other reasonable expenses incurred
in connection with investigating, defending or participating in any action or
other proceeding relating to any Liabilities (whether or not such Indemnified
Party is a party to any such action or proceeding).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]