Document:

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                                                                  EXECUTION COPY

                  SECOND AMENDED AND RESTATED PLEDGE AGREEMENT

                            Dated as of July 27, 2001

                                      From

                              ACCURIDE CORPORATION

                              ACCURIDE CANADA, INC.

                             ACCURIDE VENTURES, INC.

                                       AND

                         THE PLEDGORS REFERRED TO HEREIN

                                   AS PLEDGORS

                                       to

                               CITICORP USA, INC.

                             AS ADMINISTRATIVE AGENT

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                                TABLE OF CONTENTS
<Table>
<Caption>

SECTION                                                                                                   PAGE

<S>          <C>                                                                                            <C>
SECTION 1.   Grant of Security...............................................................................2

SECTION 2.   Security for Obligations........................................................................4

SECTION 3.   Delivery of Security Collateral and Account Collateral; Consent to Pledge.......................4

SECTION 4.   Establishment and Maintenance of the Cash Collateral Accounts...................................6

SECTION 5.   Investing of Amounts in the Cash Collateral Accounts............................................6

SECTION 6.   Release of Amounts..............................................................................7

SECTION 7.   Representations and Warranties..................................................................7

SECTION 8.   Further Assurances..............................................................................8

SECTION 9.   Place of Perfection; Records....................................................................9

SECTION 10.  Voting Rights; Dividends; Etc...................................................................9

SECTION 11.  Transfers and Other Liens......................................................................10

SECTION 12.  Administrative Agent Appointed Attorney-in-Fact................................................10

SECTION 13.  Administrative Agent May Perform...............................................................11

SECTION 14.  The Administrative Agent's Duties..............................................................11

SECTION 15.  Remedies ......................................................................................11

SECTION 16.  Acknowledgments Relating to Security Collateral and Account Collateral.........................13

SECTION 17.  Indemnity and Expenses.........................................................................14

SECTION 18.  Amendments; Waivers; Pledge Agreement Supplement; Etc..........................................14

SECTION 19.  Addresses for Notices..........................................................................15

SECTION 20.  Continuing Security Interest; Assignments Under the Credit Agreement...........................15

SECTION 21.  Release and Termination........................................................................15

SECTION 22.  Security Interest Absolute.....................................................................16

SECTION 23.  Severability...................................................................................16

SECTION 24.  Execution in Counterparts......................................................................16

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SECTION 25.  Governing Law; Terms...........................................................................17

SCHEDULES

Schedule I   -    Initial Pledged Interests

Schedule II  -    Jurisdiction of Organization

EXHIBITS

Exhibit A    -    Form of Cash Collateral Account Letter

Exhibit B    -    Form of Pledge Agreement Supplement
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                  SECOND AMENDED AND RESTATED PLEDGE AGREEMENT

          SECOND AMENDED AND RESTATED PLEDGE AGREEMENT dated as of July 27, 2001
made by ACCURIDE CORPORATION, a Delaware corporation (the "U.S. BORROWER"),
ACCURIDE CANADA, INC., a corporation organized and existing under the laws of
the Province of Ontario, Canada (the "CANADIAN BORROWER"), ACCURIDE VENTURES,
INC., a Delaware corporation ("ACCURIDE VENTURES"), and each of the other
Persons listed on the signature pages hereof (together with the U.S. Borrower,
the Canadian Borrower, Accuride Ventures, and each of the Additional Pledgors
(as defined in Section 18(b) below), collectively the "PLEDGORS" and each
individually a "PLEDGOR"), to CITICORP USA, INC. ("CUSA"), as administrative
agent (the "ADMINISTRATIVE AGENT") for the Lenders and the other Secured Parties
(each as defined in the Credit Agreement referred to below).

          PRELIMINARY STATEMENTS:

          (1)   The U.S. Borrower and the Canadian Borrower entered into a
Pledge Agreement dated January 21, 1998 (the "ORIGINAL PLEDGE AGREEMENT") in
favor of the Administrative Agent, pursuant to which the U.S. Borrower pledged
the Initial Pledged Shares (as defined therein).

          (2)   The U.S. Borrower, the Canadian Borrower and Accuride Ventures
entered into an Amended and Restated Pledge Agreement dated April 16, 1999 (the
"EXISTING PLEDGE AGREEMENT") in favor of the Administrative Agent, pursuant to
which the U.S. Borrower and Accuride Ventures pledged the Initial Pledged
Interests (as defined therein).

          (3)   The Lender Parties, the Administrative Agent, Salomon Smith
Barney Inc., as arranger, Bankers Trust Company, as syndication agent, and Wells
Fargo Bank N.A., as documentation agent, have entered into a Second Amended and
Restated Credit Agreement dated as of July 27, 2001 (said Second Amended and
Restated Credit Agreement, as it may hereafter be amended, supplemented or
otherwise modified from time to time, being the "CREDIT AGREEMENT"; the terms
defined therein and not otherwise defined herein being used herein as therein
defined) with the U.S. Borrower and the Canadian Borrower.

          (4)   The Borrowers may have invested in, or may from time to time
hereafter invest in, Hedge Agreements with one or more Lenders to obtain
protection against fluctuations in the interest rates applicable to outstanding
Advances to the extent permitted by Section 5.02(b)(i)(B) of the Credit
Agreement (collectively, the "BANK HEDGE AGREEMENTS").

          (5)   Each Pledgor is the owner of the type, number and percentage of
the issued and outstanding shares of stock, limited liability company membership
interests, partnership interests and other equity interests set forth opposite
name of such Pledgor and described on Schedule I hereto.

          (6)   Within 30 days of the Effective Date, (a) the U.S. Borrower
shall have opened a cash collateral account (the "U.S. BORROWER CASH COLLATERAL
ACCOUNT") with Citibank, N.A. ("CITIBANK") at its offices at 399 Park Avenue,
New York, New York 10043, and (b) the Canadian Borrower shall have opened a cash
collateral account (the "CANADIAN BORROWER CASH COLLATERAL ACCOUNT" and,
together with the U.S. Borrower Cash Collateral Account, the "CASH COLLATERAL
ACCOUNTS") with Citibank at its Affiliate's offices at 123 Front Street West,
Toronto, Ontario, Canada. Each of the Cash Collateral Accounts shall have been
opened in the name of applicable Borrower pursuant to, and for the purpose set
forth in Section 2.06(b)(vii) of the Credit Agreement, Section 15(e) of this
Agreement and Section 18(d) of the Security Agreement, and is under the sole and
exclusive dominion and control of the Administrative Agent and subject to the
terms of this Agreement.

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          (7) It is a condition precedent to the effectiveness of the Credit
Agreement and the making of Advances by the Lenders under the Credit Agreement
that the Existing Pledge Agreement shall be amended and restated so that, in
addition to the Initial Pledged Interests (as defined in the Existing Pledge
Agreement), (i) the U.S. Borrower shall pledge 100% of the shares of stock of
Accuride Cuyahoga Falls Inc., a Delaware corporation, (ii) Accuride Kentucky
Holding Company, a Delaware corporation, shall pledge 100% of the shares of
stock of Accuride Henderson Facilities Management Corporation, a Delaware
corporation ("HENDERSON MANAGEMENT"), (iii) Accuride Tennessee Holding Company,
a Delaware corporation, shall pledge 100% of the shares of stock of Accuride
Columbia Facilities Management Corporation, a Delaware corporation ("COLUMBIA
MANAGEMENT"), (iv) Accuride Ventures and Henderson Management shall pledge 100%
of the limited liability company membership interests in Accuride Henderson
Limited Liability Company, a Delaware limited liability company ("HENDERSON
LLC"), and (v) Accuride Ventures and Columbia Management shall pledge 100% of
the partnership interests in Accuride Columbia General Partnership ("COLUMBIA
GP").

          NOW, THEREFORE, in consideration of the premises, each Pledgor hereby
agrees with the Administrative Agent for its benefit and the ratable benefit of
the Secured Parties as follows, and that the Existing Pledge Agreement is
amended and restated in its entirety to read as follows:

          SECTION 1.   GRANT OF SECURITY. Each Pledgor hereby assigns and
pledges to the Administrative Agent for its benefit and the ratable benefit of
the Secured Parties, and hereby grants to the Administrative Agent for its
benefit and the ratable benefit of the Secured Parties a security interest in,
the following (collectively, the "Collateral"):

          (a)   all of the following (the "SECURITY COLLATERAL"):

                (i)    the shares of stock, limited liability company membership
          interests, partnership interests and other equity interests set forth
          opposite such Pledgor's name on Schedule I hereto and issued by the
          Persons named therein (such shares, limited liability company
          membership interests, partnership interests and other equity interests
          being collectively referred to herein as the "INITIAL PLEDGED
          INTERESTS", and, together with the Additional Pledged Interests
          referred to in clause (ii) below and the shares, limited liability
          company membership interests, partnership interests and other equity
          interests referred to in clause (iii) below, the "PLEDGED INTERESTS"),
          whether or not evidenced by certificates, and all certificates, if
          any, representing Initial Pledged Interests and all dividends,
          distributions, cash, instruments and other property and assets from
          time to time received, receivable or otherwise distributed in respect
          of or in exchange for any or all of the Pledged Interests;

                (ii)   the Additional Pledged Interests as defined and described
          in each Pledge Agreement Supplement (as defined in Section 18(b)
          hereof) executed by such Pledgor, whether or not evidenced by
          certificates, and all certificates, if any, representing such Pledged
          Interests and all dividends, distributions, cash, instruments and
          other property and assets from time to time received, receivable or
          otherwise distributed in respect of or in exchange for any or all of
          such Additional Pledged Interests;

                (iii)  all additional shares of stock, limited liability company
          membership interests, partnership interests and other equity interests
          in any issuer or issuers of Pledged Interests from time to time
          acquired by such Pledgor in any manner, whether or not evidenced by
          certificates, and all certificates, if any, representing such Pledged
          Interests and all dividends, distributions, cash, instruments and
          other property and assets from time to time received, receivable or
          otherwise distributed in respect of or in

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          exchange for any or all ofsuch shares; PROVIDED, HOWEVER, that such
          Pledgor shall not be required to pledge any shares of stock, limited
          liability companymembership interests, partnership interests or other
          equity interestowned by it in any Foreign Subsidiary, other than the
          Canadian Borrower (subject, however, to the PROVISO to Section 2
          hereof), to the extent that such pledge, when aggregated with all of
          the other shares, limited liability company membership interests,
          partnership interests or other equity interests in such Subsidiary
          pledged by such Pledgor and the other Pledgors would result in more
          than 66% of the voting shares, limited liability company membership
          interests, partnership interests and other equity interests (within
          the meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated
          under the Internal Revenue Code) (the "VOTING INTERESTS") being
          pledged to the Administrative Agent on behalf of itself and the
          Secured Parties under this Agreement; and PROVIDED FURTHER that if as
          a result of any change in the tax laws of the United States after the
          date of this Agreement, the pledge by such Pledgor of any additional
          shares of stock, limited liability company membership interests or
          partnership interests or other equity interests in such Subsidiary
          would not result in an increase in the aggregate net consolidated tax
          liabilities of the U.S. Borrower and its Subsidiaries, then, promptly
          after the change in such laws, such Pledgor shall pledge all such
          additional shares of stock, limited liability company membership
          interests or partnership interests and other equity interests to the
          Administrative Agent under this Agreement; and

                (iv)   all of the Debt from time to time owed to such Pledgor
          (including, without limitation, such Pledgor that is an Additional
          Pledgor) by any Person in an aggregate principal amount in excess of
          $5,000,000 incurred in connection with a transaction permitted by
          Section 5.02(d)(ii) of the Credit Agreement, and all of the
          instruments evidencing such Debt, all security therefor and all
          interest, cash, instruments and other property and assets from time to
          time received, receivable or otherwise distributed in respect of or in
          exchange for any or all of such Debt;

          (b)   all of the following (collectively, the "ACCOUNT COLLATERAL"):

                (i)    in the case of the U.S. Borrower and all of its
          Restricted Subsidiaries (other than the Canadian Borrower) party to
          this Agreement, the U.S. Borrower Cash Collateral Account, all of the
          funds held therein and all of the certificates and instruments, if
          any, from time to time representing or evidencing the U.S. Borrower
          Cash Collateral Account;

                (ii)   in the case of the Canadian Borrower, the Canadian
          Borrower Cash Collateral Account, all of the funds held therein and
          all of the certificates and instruments, if any, from time to time
          representing or evidencing the Canadian Borrower Cash Collateral
          Account;

                (iii)  all of the Collateral Investments (as defined in Section
          5(b)) made on behalf of such Pledgor from time to time and all of the
          certificates and instruments, if any, from time to time representing
          or evidencing any of the Collateral Investments made on behalf of such
          Pledgor;

                (iv)   all of the notes, certificates of deposit, deposit
          accounts, checks and other instruments from time to time hereafter
          delivered to or otherwise possessed by the Administrative Agent for or
          on behalf of such Pledgor in respect of or in exchange for any or all
          of the then existing Account Collateral; and

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                (v)    all of the interest, dividends, distributions, cash,
          instruments and other property and assets from time to time received,
          receivable or otherwise distributed in respect of or in exchange for
          any or all of the then existing Account Collateral; and

          (c)   all of such Pledgor's right, title and interest, if any, whether
     enow owned or hereafter acquired, in the AKW LP Agreement, the Henderson
     LLC Agreement, the Columbia GP Agreement, and the AKW LLC Agreement, in
     each case as such agreement may be amended, supplemented or otherwise
     modified from time to time (collectively, the "ASSIGNED AGREEMENTS"),
     including, without limitation, whether now existing or hereafter acquired
     or arising, (i) all rights of such Pledgor to receive monies and other
     property or assets due and to become due to such Pledgor under or pursuant
     to any of the Assigned Agreements, (ii) all claims of such Pledgor for
     damages arising out of or default under any Assigned Agreement, (iii) all
     rights of such Pledgor to receive proceeds of any insurance, indemnity,
     warranty or guaranty with respect to any Assigned Agreement, (iv) all
     rights of such Pledgor to perform under any Assigned Agreement and to
     receive and compel performance and otherwise exercise all remedies
     thereunder and (v) any and all other rights, interests and claims of such
     Pledgor under, relating to or arising in connection with the Assigned
     Agreements; and

          (d)   all proceeds of any and all of the foregoing Collateral
     (including, without limitation, proceeds that constitute property of the
     types described in clauses (a) through (c) of this Section 1).

          SECTION 2.   SECURITY FOR OBLIGATIONS. (a) The pledge and assignment
of and the grant of a security interest in the Collateral by each Pledgor, other
than the Canadian Borrower, under this Agreement secure the payment of all
Obligations of each Loan Party now or hereafter existing under the Loan
Documents, whether for principal, interest, fees, indemnities, costs, expenses
or otherwise (all such Obligations, including the Canadian Secured Obligations,
being the "SECURED OBLIGATIONS" of each such Loan Party); provided, however,
that the pledge and assignment by the U.S. Borrower of and the grant by the U.S.
Borrower of a security interest in the Pledged Interests issued by the Canadian
Borrower shall be limited as follows: (i) the pledge and assignment of and the
grant of a security interest in 66%, and only 66%, of such Pledged Interests
secure the payment of the Obligations of the U.S. Borrower now or hereafter
existing under the Loan Documents other than the Obligations of the U.S.
Borrower under the Guaranty and (ii) the pledge and assignment of and the grant
of a security interest in 100% of such Pledged Interests secure the payment by
the U.S. Borrower pursuant to the Guaranty of the Guaranteed Obligations of the
Canadian Borrower now or hereafter existing under the Loan Documents.

          (b)   Notwithstanding anything to the contrary herein, the pledge and
assignment of and the grant of a security interest in the Collateral by the
Canadian Borrower and its Restricted Subsidiaries, if any, secures the payment
of all Obligations of the Canadian Borrower now or hereafter existing under the
Loan Documents, whether direct or indirect, absolute or contingent, and whether
for principal, reimbursement obligations, interest, fees, premiums, penalties,
indemnifications, contract causes of action, costs, expenses or otherwise (all
such Obligations being the "CANADIAN SECURED OBLIGATIONS").

          SECTION 3.   DELIVERY OF SECURITY COLLATERAL AND ACCOUNT COLLATERAL;
CONSENT TO PLEDGE. (a) All certificates or instruments representing or
evidencing Security Collateral and the Account Collateral shall be delivered to
and held by or on behalf of the Administrative Agent pursuant hereto and shall
be in suitable form for transfer by delivery, or shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and
substance reasonably satisfactory to the Administrative Agent. Each Pledgor
shall, in respect of each Pledged Interest pledged by it hereunder and not
evidenced by a certificate or instrument, deliver to the Administrative Agent
(i) an assignment in blank referred to in

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Section 3.04(b)(ii)(A) of the Credit Agreement with respect to
such Pledged Interest and (ii) financing statements referred to in Section
3.04(b)(ii)(B) of the Credit Agreement covering such Pledged Interest. The
Administrative Agent shall have the right, at any time upon the occurrence and
continuance of a Default under Section 7.01(a) or (f) of the Credit Agreement or
upon the occurrence of an Event of Default, in its sole discretion and without
notice to any Pledgor, to transfer to or to register in the name of the
Administrative Agent or any of its nominees any or all of the Security
Collateral or the Account Collateral, subject only to the revocable rights
specified in Section 10(a). In addition, the Administrative Agent shall have the
right at any time to exchange certificates or instruments representing or
evidencing Security Collateral or the Account Collateral for certificates or
instruments of smaller or larger denominations.

          (b)   In the case of the Pledged Interests of the Canadian Borrower,
the U.S. Borrower hereby agrees to deliver or cause to be delivered to the
Administrative Agent any consent required under the articles of incorporation of
the Canadian Borrower to the transfer of the Pledged Interests of the Canadian
Borrower to the Administrative Agent effected by Section 1(a) hereof,
concurrently with the delivery of duly executed instruments of transfer or
assignment in blank in respect of such Pledged Interests in accordance with
Section 3(a).

          (c)   Each Pledgor shall (i) cause each of the issuers of the Pledged
Interests owned by such Pledgor not to issue any shares of stock, limited
liability company membership interests, partnership interests or other equity
interests in addition to or in substitution for the Pledged Interests except to
such Pledgor, and (ii) deliver or otherwise transfer to the Administrative Agent
hereunder pursuant to subsections (a) and (b) above, immediately upon its
acquisition (directly or indirectly) thereof, any and all additional shares of
stock, limited liability company membership interests, partnership interests or
other equity interests of each of such issuers, subject to the PROVISOS
contained in Section 1(a)(iii) of this Agreement.

          (d)   The U.S. Borrower and Accuride Ventures, as members of AKW LLC
and limited partners of AKW LP, hereby (i) consent, for purposes of Article 9 of
the AKW LLC Agreement and Article 9 of the AKW LP Agreement, to the assignment
and pledge hereunder of, and the grant hereunder of security interests in, the
Pledged Interests issued by AKW LLC and AKW LP and to the assignment, sale or
other disposition of such Pledged Interests pursuant to Section 15 hereof and
the transferee of such assignment, sale or other disposition becoming a
Substituted Member under the AKW LLC Agreement and a Substituted Limited Partner
under the AKW LP Agreement and (ii) agree that the provisions of Sections 9.2
through 9.6 of the AKW LLC Agreement and Sections 9.2 through 9.6 of the AKW LP
Agreement shall not apply to the assignment or pledge hereunder of, or the grant
hereunder of security interests in, the Pledged Interests issued by AKW LLC and
AKW LP, or the assignment, sale or other disposition of such Pledged Interests
pursuant to Section 15 hereof, and in that connection waive all of their rights
under such provisions with respect to such assignment, pledge and grant and such
assignment, sale and other disposition.

          (e)   Accuride Ventures and Henderson Management, as members of
Henderson LLC, hereby consent, for purposes of Section 12 of the Henderson LLC
Agreement, to the assignment and pledge hereunder of, and the grant hereunder of
security interests in, the Pledged Interests issued by Henderson LLC and to the
assignment, sale or other disposition of such Pledged Interests pursuant to
Section 15 hereof and the transferee of such assignment, sale or other
disposition becoming a [Substituted Member] under the Henderson LLC Agreement.

          (f)   Accuride Ventures and Columbia Management, as general partners
of Columbia GP, hereby consent, for purposes of Section 15 of the Columbia GP
Agreement, to the assignment and pledge hereunder of, and the grant hereunder of
security interests in, the Pledged Interests issued by

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Columbia GP and to the assignment, sale or other disposition of such Pledged
Interests pursuant to Section 15 hereof and the transferee of such assignment,
sale or other disposition becoming a [Substituted Partner] under the Columbia GP
Agreement.

          SECTION 4. ESTABLISHMENT AND MAINTENANCE OF THE CASH COLLATERAL
ACCOUNTS. So long as any of the Advances shall remain unpaid, any Letter of
Credit shall be outstanding or any of the Lender Parties shall have any
Commitment under the Credit Agreement:

          (a)   each of the Borrowers will maintain its Cash Collateral Account
     with Citibank in accordance with the terms of this Agreement and the letter
     agreement dated as of the Effective Date (each, a "CASH COLLATERAL ACCOUNT
     LETTER") among such Borrower, Citibank and the Administrative Agent, which
     agreement is in substantially the form of Exhibit A hereto or otherwise in
     form and substance reasonably satisfactory to the Administrative Agent. The
     Administrative Agent shall have sole and exclusive dominion and control of
     each Cash Collateral Account subject to the terms of this Agreement.

          (b)   It shall be a term and condition of each Cash Collateral
     Account, notwithstanding any term or condition to the contrary in any other
     agreement relating to such Cash Collateral Account, that no amount
     (including, without limitation, interest on Collateral Investments related
     thereto) shall be paid or released to or for the account of, or withdrawn
     by or for the account of, any of the Pledgors or any other Person from such
     Cash Collateral Account, except as otherwise provided in Sections 6 and 15.

Each Cash Collateral Account shall be subject to such applicable laws
(including, without limitation, such applicable regulations of the Board of
Governors of the Federal Reserve System and of any other appropriate
banking authority or other governmental authority) as are in effect from
time to time.

     SECTION 5.  INVESTING OF AMOUNTS IN THE CASH  COLLATERAL  ACCOUNTS.  (a) If
requested by the applicable Borrower,  the Administrative Agent will, subject to
the  provisions  of Sections 6 and 15, from time to time,  so long as no Default
under Section 7.01(a) or 7.01(f) of the Credit Agreement or Event of Default has
occurred and is continuing, (i) invest amounts on deposit in the Cash Collateral
Account of such Borrower in such Cash  Equivalents  as such Borrower may select,
in each  case  which  investments  shall be made in the  name  of,  and with the
entitlement holder being, the Administrative  Agent, on behalf of such Borrower,
and (ii) invest interest paid on the Cash Equivalents  referred to in clause (i)
above,  and reinvest other proceeds of any such Cash Equivalents that may mature
or be sold, in each case in such Cash  Equivalents  as such Borrower may select,
in each  case  which  investments  shall be made in the  name  of,  and with the
entitlement holder being, the  Administrative  Agent, on behalf of such Borrower
(the Cash  Equivalents  referred to in clauses (i) and (ii) of this Section 5(a)
being, collectively, the "BORROWERS' COLLATERAL INVESTMENTS").

          (b)   Upon the occurrence and during the continuance of a Default
under Section 7.01(a) or 7.01(f) of the Credit Agreement or an Event of Default,
the Administrative Agent may, subject to the provisions of Section 15, from time
to time (i) invest amounts on deposit in each Cash Collateral Account, and any
cash proceeds collected by or on behalf of the Administrative Agent and held
pursuant to Section 15(e), in such Cash Equivalents as the Administrative Agent
may select, in each case which investments shall be made in the name of, and
with the entitlement holder being, the Administrative Agent, on behalf of the
applicable Pledgors, and (ii) invest interest paid on the Cash Equivalents
referred to in clause (i) above, and reinvest other proceeds of any such Cash
Equivalents that may mature or be sold, in such Cash Equivalents as the
Administrative Agent may select, in each case which investments shall be made in
the name of, and with the entitlement holder being, the Administrative Agent, on
behalf

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of the applicable Pledgors (the Cash Equivalents referred to in clauses (i) and
(ii) of this Section 5(b), together with the Borrowers' Collateral Investments,
being, collectively, the "COLLATERAL INVESTMENTS").

          (c)   Interest and proceeds that are not invested or reinvested in
Collateral Investments as provided in subsection (a) or (b) of this Section 5
shall be deposited and held in the applicable Cash Collateral Account.

          (d)   The Administrative Agent shall not have any liability to any of
the Pledgors or any of the other Secured Parties for, or as a result of, any
losses suffered from any Collateral Investment made by it in accordance with
this Section 5 or if the earnings realized on any such Collateral Investment are
less than otherwise could have been achieved had other Cash Equivalents been
selected by the Borrowers or the Administrative Agent pursuant to the terms of
subsection (a) or (b), respectively, of this Section 5.

          (e)   All of the Collateral Investments made in respect of the Cash
Collateral Accounts and all interest and income received thereon and therefrom,
and the net proceeds realized upon the maturity or sale thereof, shall be held
in the Cash Collateral Account as Account Collateral, which amounts may be
released solely in accordance with the provisions of Sections 6 and 15.

          SECTION 6.   RELEASE OF AMOUNTS. (a) The Administrative Agent is
hereby authorized, without any further action by or notice to or from any of the
Borrowers, to maintain any amounts deposited into the Cash Collateral Account of
any such Borrower pursuant to Section 2.06(b)(vii) of the Credit Agreement until
the last day of the Interest Period then in effect for any outstanding
Eurodollar Rate Advances and, on such last day, to pay and release such amounts
from such Cash Collateral Account for the prepayment to each of the Appropriate
Lenders (other than the Declining Lenders) of the Eurodollar Rate Advances
outstanding on such day in accordance with Section 2.06(b) of the Credit
Agreement, with any excess amounts in such Cash Collateral Account to be
transmitted to the account designated by the applicable Borrower, PROVIDED that
no Default under section 7.01(a) or (f) of the Credit Agreement or no Event of
Default has occurred and is continuing.

          (b)   Subject to clause (a) above, so long as no Default under Section
7.01(a) or (f) of the Credit Agreement or no Event of Default shall have
occurred and be continuing, the Administrative Agent will pay and release to the
applicable Borrower or at its order and at the request of such Borrower, the
amount, if any, by which the credit balance of the Cash Collateral Account of
such Borrower exceeds all amounts then due and payable by such Borrower under
the Loan Documents together with all accrued and unpaid interest and fees under
the Credit Agreement.

          SECTION 7.   REPRESENTATIONS AND WARRANTIES. Each Pledgor represents
and warrants as follows:

          (a)   The chief executive office of such Pledgor and the office where
     such Pledgor keeps its records concerning the Collateral is located at the
     address set forth beneath the name of such Pledgor on the signature pages
     hereof (or, in the case of any Additional Pledgors at the address set forth
     beneath the name of such Additional Pledgor on the signature page of the
     Pledge Agreement Supplement (as defined in Section 18(b) below)).

          (b)   the jurisdiction of organization of such Pledgor is the
     jurisdiction set forth on Schedule II hereto.

          (c)   Such Pledgor is the sole legal and beneficial owner of the
     Collateral pledged by such Pledgor hereunder, free and clear of any Lien,
     except for the security interest created by this

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     Agreement. No effective financing statement or other instrument similar
     in effect covering all or any part of the Collateral is on file in any
     recording office, except such as may have been filed in favor of the
     Administrative Agent relating to this Agreement or as otherwise
     permitted under Section 5.02(a) of the Credit Agreement.

          (d)   The Pledged Interests owned by such Pledgor have been duly
     authorized and validly issued and, to the extent such Pledged Interests
     constitute shares of stock, are fully paid and non-assessable, and, in the
     case of such Pledged Interests issued by AKW LLC, Henderson LLC, Columbia
     GP, and AKW LP, are not represented by certificates.

          (e)   The Pledged Interests owned by such Pledgor constitute the
     percentage of the issued outstanding shares of stock, limited liability
     company membership interests and partnership interests, as the case may be,
     of the issuers thereof indicated on Schedule I hereto.

          (f)   This Agreement, and the delivery of and other actions taken with
     respect to the Security Collateral pursuant to Section 3 (including,
     without limitation, the proper filing of the financing statements referred
     to therein with respect to the Pledged Interests issued by AKW LLC,
     Henderson LLC, Columbia GP, and AKW LP, under the Uniform Commercial Code
     of the applicable jurisdiction), create a valid and perfected first
     priority security interest in the Collateral pledged by such Pledgor
     hereunder, securing the payment of the Secured Obligations of such Pledgor,
     and all filings and other actions necessary to perfect such security
     interest have been duly taken and are in full force and effect or will be
     made or taken in accordance with the terms of the Loan Documents, and all
     filing and recording fees and taxes related to any of the foregoing have
     been or will upon each filing be duly paid in full.

          (g)   No consent of any other Person and no authorization, approval or
     other action by, and no notice to or filing with, any governmental
     authority or regulatory body or other third party is required either (i)
     for the grant by such Pledgor of the security interest in the Collateral
     granted hereby or for the execution, delivery or performance of this
     Agreement by such Pledgor, (ii) for the perfection of the security interest
     in the Collateral granted by such Pledgor hereunder (including the first
     priority nature of such pledge, assignment or security interest) or (iii)
     for the exercise by the Administrative Agent of any voting or other rights
     provided for in this Agreement or the remedies in respect of the Collateral
     pursuant to this Agreement, except as may be required in connection with
     the disposition of any portion of the Security Collateral by laws affecting
     the offering and sale of securities generally.

          SECTION 8.   FURTHER ASSURANCES. (a) Each of the Pledgors agrees from
time to time, at its sole expense, to promptly execute and deliver all further
instruments and documents, and take all further action, that may be necessary or
desirable, or that the Administrative Agent may reasonably request, in order to
perfect and protect any pledge, assignment or security interest granted or
purported to be granted hereby or to enable the Administrative Agent to exercise
and enforce its rights and remedies hereunder with respect to any Collateral.
Without limiting the generality of the foregoing, each Pledgor will: (i) mark,
at the request of the Administrative Agent, each of its records pertaining to
the Collateral with a legend, in form and substance satisfactory to the
Administrative Agent, indicating that such Collateral is subject to the security
interest granted hereby; (ii) if any Collateral shall be evidenced by a
promissory note or other instrument, deliver and pledge to the Administrative
Agent hereunder such note or instrument duly indorsed and accompanied by duly
executed instruments of transfer or assignment, all in form and substance
satisfactory to the Administrative Agent; and (iii) execute and file such
financing or continuation statements, or amendments thereto, and such other
instruments or notices, as may be necessary or desirable, or as the
Administrative Agent may reasonably request, in order to perfect and preserve
the pledge, assignment and security interest granted or purported to be granted
hereby.

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                                       9

          (b)   Each Pledgor hereby authorizes the Administrative Agent to file
one or more financing or continuation statements, and amendments thereto,
relating to all or any part of the Collateral without the signature of such
Pledgor where permitted by law. A photocopy or other reproduction of this
Agreement or any financing statement covering the Collateral or any part thereof
shall be sufficient as a financing statement where permitted by law.

          (c)   Each Pledgor will furnish to the Administrative Agent from time
to time statements and schedules further identifying and describing the
Collateral and such other reports in connection with the Collateral as the
Administrative Agent may reasonably request, all in reasonable detail.

          SECTION 9.   PLACE OF PERFECTION; RECORDS. (a) Each Pledgor shall keep
its chief executive office and the office where it keeps its records concerning
the Collateral at the location therefor specified in Section 7(a) or, upon 30
days' prior written notice to the Administrative Agent, at such other locations
in a jurisdiction where all actions required by Section 8 shall have been taken
with respect to the Collateral. Each Pledgor will hold and preserve such records
and will permit representatives of the Administrative Agent at any time during
normal business hours upon reasonable notice to inspect and make abstracts from
such records.

          (b) Each Pledgor shall keep its jurisdiction of organization at the
location therefor specified in accordance with Section 7(b) or, upon 30 days
prior written notice to the Administrative Agent in such other jurisdiction
where all actions required by Section 8 shall have been taken with respect to
the Collateral.

          SECTION 10.  VOTING  RIGHTS;  DIVIDENDS;  ETC. (a) So long as no
Default under Section 7.01(a) or (f) of the Credit Agreement shall have occurred
and be continuing or no Event of Default shall have occurred and be continuing:

          (i)   Each Pledgor shall be entitled to exercise any and all voting
     and other consensual rights pertaining to the Security Collateral or any
     part thereof for any purpose not inconsistent with the terms of this
     Agreement or the other Loan Documents; provided, however, that such Pledgor
     shall not exercise or refrain from exercising any such right if such action
     would have a Material Adverse Effect on the value of the Security
     Collateral or any part thereof.

          (ii)  The Administrative Agent shall execute and deliver (or cause to
     be executed and delivered) to each Pledgor all such proxies and other
     instruments as such Pledgor may reasonably request for the purpose of
     enabling such Pledgor to exercise the voting and other rights that it is
     entitled to exercise pursuant to paragraph (i) above.

          (iii) Each Pledgor shall be entitled to receive and retain any and all
     dividends, interest and other distributions paid or other amounts received
     in respect of its Security Collateral, PROVIDED, HOWEVER, that:

          (A)   any and all dividends and other distributions paid or payable
     other than in cash in respect of, and instruments and other property
     received, receivable or otherwise distributed in respect of, or in exchange
     for, any Security Collateral except that the foregoing shall not apply to a
     liquidation of AKW LP, Henderson LLC, Columbia GP, or AKW LLC into a
     Restricted Subsidiary of the U.S. Borrower so long as all of the stock,
     limited liability company membership interests, partnership interests or
     other equity interests of such Restricted Subsidiary is pledged under this
     Agreement,

<Page>

                                       10

          (B)   any and all dividends and other distributions paid or payable in
     cash in respect of any Security Collateral in connection with a partial or
     total liquidation or dissolution or in connection with a reduction of
     capital, capital surplus or paid-in-surplus,

          (C)   any and all cash paid, payable or otherwise distributed in
     redemption of, or in exchange for, any Security Collateral, and

          (D)   any and all dividends and distributions paid in cash in
     violation of the terms of the Credit Agreement.

     shall be, and shall be forthwith delivered to the Administrative Agent
     to hold as, Security Collateral and shall, if received by any Pledgor,
     be received in trust for the benefit of the Administrative Agent, be
     segregated from the other property or funds of such Pledgor and be
     forthwith delivered to the Administrative Agent as Security Collateral
     in the same form as so received (with any necessary indorsement or
     assignment).

          (b)   Upon notice to the U.S. Borrower by the Administrative Agent
following the occurrence and during the continuance of a Default under Section
7.01(a) or (f) of the Credit Agreement or an Event of Default, all rights of the
Pledgors to exercise or refrain from exercising the voting and other consensual
rights that it would otherwise be entitled to exercise pursuant to Section
10(a)(i) and all rights of the Pledgors to receive dividends and other
distributions that it would otherwise be entitled to receive pursuant to Section
10(a)(iii) shall cease, and all such rights shall thereupon become vested in the
Administrative Agent, which shall thereupon have the sole right to exercise or
refrain from exercising such voting and other consensual rights or to receive or
refrain from receiving such dividends and other distributions.

          SECTION 11.  TRANSFERS AND OTHER LIENS. No Pledgor shall (i) convey,
transfer, sell, assign (by operation of law or otherwise) or otherwise dispose
of, or grant any option or other right to purchase or otherwise acquire, any of
the Collateral, except for such conveyances, sales, transfers, assignments and
dispositions that are expressly permitted under the Loan Documents, or (ii)
create, incur, assume or suffer to exist any Lien upon or with respect to any of
the Collateral except for the pledge, assignment and security interest created
or otherwise expressly permitted under the terms of the Loan Documents.

          SECTION 12.  ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT. Each
Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's
attorney-in-fact, with full authority in the place and stead of such Pledgor and
in the name of such Pledgor or otherwise, from time to time in the
Administrative Agent's discretion following the occurrence and continuance of a
Default under Section 7.01(a) or 7.01(f) or an Event of Default, to take any
action and to execute any instrument that the Administrative Agent may deem
necessary or advisable to accomplish the purposes of this Agreement and the
other Loan Documents, including, without limitation:

          (a)   to ask for, demand, collect, sue for, recover, compromise,
     receive and give acquittance and receipts for moneys due and to become due
     under or in respect of any of the Collateral,

          (b)   to receive, indorse, assign and collect any drafts, acceptances,
     instruments and other documents in connection with this Agreement
     (including, without limitation, all instruments representing or evidencing
     any dividend or other distribution in respect of the Collateral or any part
     thereof) and give full discharge to same,

<Page>

                                       11

          (c)   to sell, transfer, assign or otherwise deal with the Collateral
     or any part thereof in the same manner and to the same extent as if the
     Administrative Agent were the absolute owner thereof,

          (d) (i) to direct any Person liable to such Pledgor for any payment
     with respect to its Collateral to make payment of any and all moneys due
     and to become due thereunder directly to the Administrative Agent or as the
     Administrative Agent shall direct, (ii) to receive payment of and receipt
     for any and all moneys, claims and other amounts due and to become due at
     any time in respect of or arising out of any of its Collateral, (iii) to
     defend any action, suit or proceeding brought against such Pledgor with
     respect to any of its Collateral and (iv) to settle, compromise or adjust
     any action, suit or proceeding described in clause (iii) of this Section
     12(d) and, in connection therewith, to give any such discharge or release
     as the Administrative Agent may deem appropriate,

          (e)   to file any application, petition or other request with any
     governmental authority for the purpose of obtaining any consent, approval
     or authorization therefrom or satisfying any registration, filing, notice
     or other requirement thereof necessary in order to fully and properly
     effect the sale, transfer or other disposition of any or all of its
     Collateral, and

          (f)   to file any claims or take any action or institute any
     proceedings at the sole expense of such Pledgor that the Administrative
     Agent may deem necessary or desirable for the collection of any of the
     Collateral or otherwise to enforce the rights of the Administrative Agent
     with respect to any of the Collateral.

          SECTION 13.  ADMINISTRATIVE AGENT MAY PERFORM. If the Borrower fails
to perform any agreement contained herein, the Administrative Agent may itself
perform, or cause performance of, such agreement, and the expenses of the
Administrative Agent incurred in connection therewith shall be payable by the
Borrower under Section 17(b).

          SECTION 14.  THE ADMINISTRATIVE AGENT'S DUTIES. The powers conferred
to the Administrative Agent hereunder are solely to protect its interest (and
the interest of the other Secured Parties) in the Collateral and shall not
impose any duty upon it to exercise any such powers. Except for the safe custody
of any Collateral in its possession and the accounting for moneys actually
received by it hereunder and to dispose of the Collateral in a commercially
reasonable manner, the Administrative Agent shall have no duty as to any
Collateral, as to ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, tenders or other matters relative to any
Security Collateral, whether or not the Administrative Agent or any Lender has
or is deemed to have knowledge of such matters, or as to the taking of any
necessary steps to preserve rights against any parties or any other rights
pertaining to any Collateral. The Administrative Agent shall be deemed to have
exercised reasonable care in the custody and preservation of any Collateral in
its possession if such Collateral is accorded treatment substantially equal to
that which the Administrative Agent accords its own property.

          SECTION 15.  REMEDIES.  If any Event of Default shall have occurred
and be continuing:

          (a)   The Administrative Agent may exercise in respect of the
     Collateral, in addition to other rights and remedies provided for herein or
     otherwise available to it, all the rights and remedies of a secured party
     upon default under the Uniform Commercial Code in effect in the State of
     New York at such time (the "N.Y. Uniform Commercial Code") (whether or not
     the N.Y. Uniform Commercial Code applies to the affected Collateral) and
     also may (i) without notice except as specified below, sell the Collateral
     or any part thereof in one or more parcels at public

<Page>

                                       12

     or private sale, at any of the Administrative Agent's offices or
     elsewhere, for cash, on credit or for future delivery, and upon such
     other terms as the Administrative Agent may deem commercially
     reasonable, and (ii) notify each Pledgor that all of its rights to
     exercise or refrain from exercising the voting and other consensual
     rights that it would otherwise be entitled to exercise with respect to
     the Collateral pursuant to Section 10(a)(i) shall cease and, upon such
     notice, all such rights shall become vested in the Administrative
     Agent, who shall thereupon have the sole right to exercise or refrain
     from exercising such voting and other consensual rights. Each Pledgor
     agrees that, to the extent notice of sale shall be required by law, at
     least ten days' notice to such Pledgor of the time and place of any
     public sale or the time after which any private sale is to be made
     shall constitute reasonable notification. The Administrative Agent
     shall not be obligated to make any sale of Collateral regardless of
     notice of sale having been given. The Administrative Agent may adjourn
     any public or private sale from time to time by announcement at the
     time and place fixed therefor, and such sale may, without further
     notice, be made at the time and place to which it was so adjourned.

          (b)   If the Administrative Agent proceeds to exercise its right to
     sell any or all of the Security Collateral, each of the Pledgors shall,
     upon the written request of the Administrative Agent therefor, furnish to
     the Administrative Agent all such information as the Administrative Agent
     may reasonably request in order to determine the number of limited
     liability company membership interests, partnership interests, shares and
     other instruments included in such Security Collateral that may be sold by
     the Administrative Agent in transactions exempt under the Securities Act of
     1933 (as amended, and together with the regulations promulgated and the
     rulings issued thereunder, the "SECURITIES ACT") or any similar laws in
     effect from time to time in any other relevant jurisdiction.

          (c)   Each purchaser of all or any part of the Collateral at any such
     sale that has been made in accordance with applicable law shall hold the
     property sold absolutely free from any claim, encumbrance or other right on
     the part of each of the Pledgors, and each of the Pledgors hereby waives,
     to the fullest extent permitted by applicable law, all rights of
     redemption, stay and/or appraisal that it now has or may at any time in the
     future have under any applicable law now existing or hereafter enacted with
     respect to any such sale.

          (d)   All proofs of claim, rights of action and rights to assert
     claims under this Agreement or any of the other Collateral Documents to
     which any Pledgor is or is to be a party may be enforced by the
     Administrative Agent without the possession of any of the Notes at any
     proceeding instituted by the Administrative Agent, and any such proceeding
     may be brought in its own name as agent, and any recovery or judgment shall
     be for the benefit of the Secured Parties. In any proceeding brought by the
     Administrative Agent (and in any proceeding involving the interpretation of
     any of the provisions of any of the Collateral Documents to which such
     Pledgor is a party), the Administrative Agent shall be held to represent
     all of the Secured Parties, and it shall not be necessary to make any of
     the other Secured Parties party to such proceeding.

          (e)   All cash held by or on behalf of the Administrative Agent as
     Collateral and all cash proceeds received by or on behalf of the
     Administrative Agent in respect of any sale of, collection from, or other
     realization upon all or any part of the Collateral as defined herein and
     all or any part of the "COLLATERAL"as defined in the Security Agreement,
     may, in the discretion of the Administrative Agent, be held by the
     Administrative Agent as collateral for, and/or then or at any time
     thereafter applied (after payment of any amounts payable to the
     Administrative Agent pursuant to Section 17(b)) in whole or in part by the
     Administrative Agent, for the ratable benefit of the Secured Parties,
     against all or any part of the Secured Obligations in such order as the
     Administrative Agent shall elect. In determining the amounts owing to the
     Hedge Banks under

<Page>

                                       13

     the Bank Hedge Agreements, the Administrative Agent shall
     be entitled to rely, and be fully protected in relying, upon the Agreement
     Values (as hereinafter defined) of the Bank Hedge Agreements. The term
     "Agreement Value" means, with respect to any of the Bank Hedge Agreements
     at any date of determination, the amount, if any, that would be payable to
     the Hedge Bank party to such Bank Hedge Agreement in respect of any
     "AGREEMENT VALUE" under such Bank Hedge Agreement if such Bank Hedge
     Agreement were terminated on such date, calculated as provided in the
     International Swap Dealers Association, Inc. Code of Standard Wording,
     Assumptions and Provisions for Swaps, 1986 Edition. Each determination of
     the Agreement Value of any of the Bank Hedge Agreements shall be made by
     the Administrative Agent in good faith and in reliance on any information
     (including information provided by such Hedge Bank) that it believes to be
     accurate, but without any obligation to verify such information. Any
     surplus of cash or cash proceeds held by or on behalf of the Administrative
     Agent in accordance with this Section 15 and Section 18 of the Security
     Agreement and remaining after payment in full in cash of all of the Secured
     Obligations and all of the other Obligations of the Loan Parties owing
     under or in respect of the Loan Documents shall be paid over to the
     Pledgors or to whomsoever may be lawfully entitled to receive such surplus.

          (f)   The Administrative Agent may exercise any and all rights and
     remedies of any of the Pledgors in respect of the Collateral (including,
     without limitation, any and all rights of any such Pledgor to demand or
     otherwise require payment of any amount under, or performance of any
     provision of any Collateral).

          (g)   Except as otherwise permitted by this Agreement, all payments
     received by any of the Pledgors under, in connection with, or in respect
     of, any of the Collateral shall be received and held by such Pledgor in
     trust for the benefit of the Administrative Agent, shall be segregated from
     the other property and funds of such Pledgor and shall be delivered
     forthwith to the Administrative Agent in the same form as so received (with
     any necessary endorsement or assignment).

          SECTION 16.  ACKNOWLEDGMENTS RELATING TO SECURITY COLLATERAL AND
ACCOUNT COLLATERAL. (a) Each Pledgor recognizes and hereby acknowledges that, by
reason of certain prohibitions contained in the Securities Act and applicable
state securities laws (or other similar laws of other relevant jurisdictions),
the Administrative Agent may be compelled with respect to any sale of all or any
part of the Security Collateral comprised of limited liability company
membership interests, partnership interests, shares or other equity interests or
other securities that are not registered under the Securities Act to limit the
purchasers thereof to those Persons who will agree, among other things, to
acquire the Security Collateral for their own account, for investment and not
with a view to the distribution or resale thereof. Each Pledgor hereby further
acknowledges that any such private sale may be at a price and on terms less
favorable to the Administrative Agent and the other Secured Parties than those
obtainable through a public sale without such restrictions (including, without
limitation, a public offering made pursuant to a registration statement under
the Securities Act) and, notwithstanding such circumstances, such Pledgor hereby
agrees that any private sale shall be deemed to have been made in a commercially
reasonable manner and that the Administrative Agent shall have no obligation to
engage in public sales and no obligation to delay the sale of any Security
Collateral for the period of time necessary to permit the issuer thereof to
register it for a form of public sale requiring registration under the
Securities Act or any applicable state securities laws (or other similar law of
other relevant jurisdictions), even if such Pledgor would agree to do so. Each
Pledgor hereby waives any claims against the Administrative Agent arising by
reason of the fact that the price at which any Security Collateral may have been
sold at such a private sale was less than the price that might have been
obtained at a public sale, even if the Administrative Agent accepts the first
offer received and does not offer such Security Collateral to more than one
offeree.

<Page>

                                       14

          (b)   The Administrative Agent may sell or liquidate (and each of the
Borrowers and of the other Pledgors hereby irrevocably instructs the
Administrative Agent, without any further action by or notice to or from any
such Pledgor, to so sell or liquidate) all or any portion of the Collateral
Investments held in or in respect of any of the Cash Collateral Accounts at any
time following the occurrence and during the continuance of an Event of Default
that the proceeds thereof are determined to be required for the satisfaction of
all or any part of the Secured Obligations, and the Administrative Agent shall
not have any liability to any of the Pledgors, any of the other Secured Parties
or any other Person for, or as a result of, any losses suffered from any such
sale or liquidation.

          SECTION 17.  INDEMNITY AND EXPENSES. (a) Without limiting any of the
provisions of Section 9.04 of the Credit Agreement, each Pledgor agrees to
indemnify the Administrative Agent from and against any and all claims, damages,
expenses, losses and liabilities growing out of or resulting from this Agreement
(including, without limitation, enforcement of this Agreement), except claims,
damages, expenses, losses or liabilities resulting from the Administrative
Agent's gross negligence or willful misconduct as determined by a final,
non-appealable judgment of a court of competent jurisdiction.

          (b)   Without limiting any of the provisions of Section 9.04 of the
Credit Agreement, each Pledgor will upon demand pay to the Administrative Agent
the amount of any and all reasonable expenses, including the reasonable fees and
expenses of its counsel and of any experts and agents, that the Administrative
Agent may incur in connection with (i) the administration of this Agreement,
(ii) the custody, preservation, use or operation of, or the sale of, collection
from or other realization upon, any of the Collateral, (iii) the exercise or
enforcement of any of the rights of the Administrative Agent or the Lenders
hereunder or (iv) the failure by such Pledgor to perform or observe any of the
provisions hereof.

          (c)   Without prejudice to the survival of any of the other agreements
of any of the Pledgors under this Agreement or any of the other Loan Documents,
the agreements and obligations of each of the Pledgors contained in this Section
17 and in Section 22 shall survive the payment in full of all of the Secured
Obligations and all of the other Obligations of any of the Pledgors owing under
or in respect of the Loan Documents.

          SECTION 18.  AMENDMENTS; WAIVERS; PLEDGE AGREEMENT SUPPLEMENT; ETC.
(a) No amendment or waiver of any provision of this Agreement, and no consent to
any departure by any Pledgor herefrom, shall in any event be effective unless
the same shall be in writing and signed by the Administrative Agent, and then
such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given. No failure on the part of the
Administrative Agent to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right preclude any other or further exercise thereof or the
exercise of any other right.

          (b) Upon the execution and delivery by any Person of a supplement to
this Agreement (whether pursuant to Section 5.01(k) of the Credit Agreement or
otherwise), in each case in substantially the form of Exhibit B hereto (each, a
"PLEDGE AGREEMENT SUPPLEMENT"), (i) such Person, if it is not then a Pledgor
hereunder, shall be referred to as an "ADDITIONAL PLEDGOR" and shall be and
become a Pledgor, and each reference in this Agreement to an "Additional
Pledgor" or a "Pledgor" shall also mean and be a reference to such Additional
Pledgor and each reference in any of the other Loan Documents to a "Pledgor" or
a "Loan Party" shall also mean and be a reference to such Additional Pledgor,
(ii) the supplements attached to each of the Pledge Agreement Supplements shall
be incorporated into and become a part of and supplement the Schedules to this
Agreement, as appropriate, and the Administrative Agent may attach such
supplements to such Schedules, and each reference to such Schedules shall mean
and be a reference to such Schedules, as supplemented pursuant hereto, and (iii)
the assignment, pledge and grant of security interest contained in such Pledge
Agreement Supplement shall, as to such Pledgor,

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                                       15

operate as the assignment, pledge and grant of security interest, as if such
assignment, pledge and grant were contained in Section 1 hereof and such
Pledgor was a signatory hereto.

          SECTION 19.  ADDRESSES FOR NOTICES. All notices and other
communications provided for hereunder shall be in writing (including telecopier,
telegraphic, telex or cable communication) and, mailed, telegraphed, telecopied,
telexed, cabled or delivered to each Pledgor or to the Administrative Agent, as
the case may be addressed to it at its address set forth opposite its name on
the signature pages hereto or to any other Pledgor addressed to it at its
address set forth beneath the name of such other Pledgor on the signature pages
of the Pledge Agreement Supplement pursuant to which it became a party hereto,
with a copy to KKR, 2800 Sand Hill Road, Suite 200, Menlo Park , CA 94205, Attn:
Fred Goltz, or, as to any party, at such other address as shall be designated,
in the case of the Administrative Agent, by the Administrative Agent in a
written notice to the U.S. Borrower, and in the case of the U.S. Borrower or any
other Pledgor, by the U.S. Borrower or such other Pledgor in a written notice to
the Administrative Agent, in each case complying as to delivery with the terms
of this Section. All such notices and other communications shall, when mailed,
telecopied, telegraphed, telexed or cabled, respectively, be effective when
deposited in the mails, telecopied, delivered to the telegraph company,
confirmed by telex answerback or delivered to the cable company, respectively,
addressed as aforesaid.

          SECTION 20.  CONTINUING SECURITY INTEREST; ASSIGNMENTS UNDER THE
CREDIT AGREEMENT. This Agreement shall create a continuing security interest in
the Collateral and shall (a) remain in full force and effect until the later of
the payment in full in cash of the Secured Obligations, the expiration or
termination of all Letters of Credit and Bank Hedge Agreements and the
Termination Date, (b) be binding upon each Pledgor, its successors and assigns
and (c) inure, together with the rights and remedies of the Administrative Agent
hereunder, to the benefit of the Administrative Agent and each of the other
Secured Parties and their respective successors, transferees and assigns.
Without limiting the generality of the foregoing clause (c), any Lender Party
may assign or otherwise transfer all or any portion of its rights and
obligations under the Credit Agreement (including, without limitation, all or
any portion of its Commitment, the Advances owing to it and the Note or Notes
held by it) to any other Person, and such other Person shall thereupon become
vested with all the benefits in respect thereof granted to such Lender herein or
otherwise, subject, in each case, to the provisions of Section 9.07 of the
Credit Agreement.

          SECTION 21.  RELEASE AND TERMINATION. (a) Upon the sale, transfer or
other disposition of any item of Collateral in accordance with Section 5.02(d)
of the Credit Agreement and the other terms of the Loan Documents, the
Administrative Agent will, at the applicable Pledgor's expense, execute and
deliver to such Pledgor such documents as such Pledgor shall reasonably request
to evidence the release of such item of Collateral from the pledge and security
interest granted hereunder; PROVIDED, HOWEVER, that:

          (i)   at the time of and after giving PRO FORMA effect to such request
     and release, no Default shall have occurred and be continuing;

          (ii)  such Pledgor shall have delivered to the Administrative Agent,
     at least five Business Days prior to the date of the proposed release, a
     written request for release describing the item of Collateral and the terms
     of the sale, transfer or other disposition in reasonable detail, including
     the price thereof and any expenses in connection therewith, together with a
     form of release for execution by the Administrative Agent and a
     certification by such Pledgor to the effect that the subject transaction is
     in compliance with the Loan Documents and as to such other matters as the
     Administrative Agent may reasonably request; and

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                                       16

          (iii) the Net Cash Proceeds of any such sale, transfer or other
     disposition shall be applied to prepay the Advances outstanding at such
     time in accordance with, and to the extent required under, Section 2.06(b)
     of the Credit Agreement.

          (b)   Upon the later of the payment in full in cash of the Secured
     Obligations, the termination or expiration of all Letters of Credit and
     Bank Hedge Agreements and the Termination Date, the pledge, assignment and
     security interest granted hereby shall terminate and all rights to the
     Collateral shall revert to the Pledgors. Upon any such termination, the
     Administrative Agent will, at each Pledgor's sole expense, return to such
     Pledgor such Collateral of such Pledgor in the Administrative Agent's
     possession as shall not have been sold or otherwise applied pursuant to the
     terms of the Loan Documents, and will execute and deliver to such Pledgor
     such documents as such Pledgor shall reasonably request to evidence such
     termination and revision.

          SECTION 22.  SECURITY INTEREST ABSOLUTE. (a) The Obligations of each
Pledgor under this Agreement are independent of any of the other Obligations of
any of the other Loan Parties under or in respect of the Loan Documents, and a
separate action or actions may be brought or prosecuted against each of the
Pledgors to enforce this Agreement and the pledge, assignment and security
interest granted by such Pledgor hereunder, irrespective of whether any action
is brought against any of the other Loan Parties or whether any of the other
Loan Parties is joined in any such action or actions. All rights of the
Administrative Agent and the other Secured Parties and the pledges, assignments
and security interests created hereunder, and all obligations of each of the
Pledgors hereunder, shall be absolute, unconditional and irrevocable
irrespective of, and each of the Pledgors hereby irrevocably waives any defenses
it may now have or may hereafter acquire in any way relating to, any or all of
the circumstances described in Section 6.02 of the Credit Agreement or Section 2
of the Subsidiaries Guarantee or any other circumstance that might constitute a
defense available to, or a discharge of, any of the Pledgors or the other Loan
Parties.

          (b)  This Agreement shall continue to be effective or be reinstated,
as the case may be, if at any time any payment of any of the Secured Obligations
is rescinded or must otherwise be returned by the Administrative Agent or any of
the other Secured Parties or by any other Person upon the insolvency, bankruptcy
or reorganization of any of the Pledgors or otherwise, all as though such
payment had not been made, and each of the Pledgors hereby unconditionally and
irrevocably agrees that it will indemnify the Administrative Agent and each of
the other Secured Parties, upon demand, for all of the costs and expenses
(including, without limitation, reasonable fees and expenses of counsel)
incurred by the Administrative Agent or such other Secured Party in connection
with such rescission or restoration, including any such costs and expenses
incurred in defending against any claim alleging that such payment constituted a
preference, a fraudulent transfer or a similar payment under any bankruptcy,
insolvency or similar law.

          SECTION 23.  SEVERABILITY. The provisions of this Agreement are
severable, and if any term or provision shall be held illegal, invalid or
unenforceable in whole or in part in any jurisdiction, then such illegality,
invalidity or unenforceability shall affect only such term or provision, or part
thereof, in such jurisdiction, and shall not in any manner affect such term or
provision in any other jurisdiction, or any other term or provision of this
Agreement in any jurisdiction.

          SECTION 24.  EXECUTION IN COUNTERPARTS. This Agreement may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of
this Agreement.

<Page>

                                       17

          SECTION 25.  GOVERNING LAW; TERMS. This Agreement shall be governed by
and construed in accordance with the laws of the State of New York, except to
the extent that the perfection and the effect of perfection of the security
interest hereunder, or remedies hereunder, in respect of any particular
Collateral, pursuant to the laws of the State of New York, are governed by the
laws of a jurisdiction other than the State of New York. Unless otherwise
defined herein or in the Credit Agreement, terms used in Articles 8 and 9 of the
N.Y. Uniform Commercial Code are used herein as therein defined.

<Page>

                                       18

          IN WITNESS WHEREOF, each Pledgor has caused this Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.

                                 ACCURIDE CORPORATION

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

                                 Address: P.O.Box 15600
                                          7140 Office Circle
                                          Evansville, IN 47716

                                 Attn: Office of General Counsel

                                 ACCURIDE CANADA, INC.

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

                                 Address: 31 Firestone Boulevard
                                          London, Ontario, Canada
                                          NSW 5S1

                                 Attn:

                                 ACCURIDE TEXAS, INC.

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>

                                       19

                                 ACCURIDE VENTURES, INC.

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

                                 ACCURIDE KENTUCKY HOLDING COMPANY

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>

                                       20

                                 ACCURIDE CUYAHOGA FALLS, INC.

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

                                 ACCURIDE TENNESSEE HOLDING COMPANY

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn:  Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn:  Fred Goltz

<Page>

                                       21

                                 ACCURIDE HENDERSON FACILITIES
                                 MANAGEMENT CORPORATION

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>
                                       22

                                 ACCURIDE HENDERSON LIMITED
                                 LIABILITY COMPANY

                                      By: ACCURIDE HENDERSON
                                          FACILITIES MANAGEMENT
                                          CORPORATION
                                          as Member

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

                                      By: ACCURIDE VENTURES, INC.
                                          as Member

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>

                                       23

                                 ACCURIDE COLUMBIA FACILITIES
                                 MANAGEMENT CORPORATION

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

                                 ACCURIDE COLUMBIA GENERAL
                                 PARTNERSHIP

                                      By: ACCURIDE VENTURES, INC.,
                                          its General Partner

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>

                                       24

                                 AKW L.P.

                                      By: AKW GENERAL PARTNER L.L.C.
                                          as General Partner

                                      By: ACCURIDE VENTURES, INC.,
                                          as Member

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

                                      By: ACCURIDE CORPORATION,
                                          as Member

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn:  Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn:  Fred Goltz

<Page>

                                       25

                                 ACCURIDE GENERAL PARTNERSHIP L.L.C

                                      By: ACCURIDE VENTURES, INC.,
                                          as Member

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

                                      By: ACCURIDE CORPORATION,
                                          as Member

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

                                 Address: P.O. Box 15600
                                          7140 Office Circle
                                          Evansville, IN  47716
                                          Attn: Office of General Counsel

                                 WITH A COPY TO:
                                 --------------

                                 Address: KKR
                                          2800 Sand Hill Road, Suite 200
                                          Menlo Park, CA  94205
                                          Attn: Fred Goltz

<Page>

                                   SCHEDULE I

                            INITIAL PLEDGED INTERESTS

<Table>
<Caption>

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

                                                                                     Stock                        Percentage of
                                                                      Class of     Certificate      Number of      Outstanding
     Name of Pledger                    Name of Issuer                 Stock         No(s).         Shares            Shares
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
<S>                        <C>                                        <C>              <C>           <C>             <C>
Accuride Corporation       Accuride Texas, Inc.                       Common           1             1,000           100%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Ventures, Inc.                    Common           1               100           100%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Kentucky Holding Company          Common           1             1,000           100%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Tennessee Holding Company         Common           1             1,000           100%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Cuyahoga Falls, Inc.              Common           1             1,000           100%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Kentucky          Accuride Henderson Facilities              Common           2             1,000           100%
Holding Company            Management Corporation
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Tennessee         Accuride Columbia Facilities               Common           2             1,000           100%
Holding Company            Management Corporation
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Canada, Inc.                      Common          C-4               66            66%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
Accuride Corporation       Accuride Canada, Inc.                      Common          C-5               34            34%
-------------------------- --------------------------------------- ------------- --------------- -------------- ----------------
</Table>

<Page>

                                   SCHEDULE II

                          JURISDICTION OF ORGANIZATION

<Table>
<Caption>

-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
                                                                                                Certificate         Interest
   Name of Pledger                   Name of Issuer                  Pledged Interest                No.           Percentage
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
<S>                        <C>                                     <C>                           <C>                  <C>
Accuride Corporation       AKW General Partner L.L.C., a Delaware  Pledgor's "Interest"(as       Uncertified          50%
                           limited liability company ("AKW LLC")   defined in the AKW
                                                                   LLC Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Ventures, Inc.    AKW LLC                                 Pledgor's "Interest"(as       Uncertified          50%
                                                                   defined in the AKW
                                                                   LLC Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Ventures, Inc.    Accuride Henderson LLC                  Pledgor's "Interest" (as      Uncertified           1%
                                                                   defined in the Accuride
                                                                   Henderson LLC Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Henderson         Accuride Henderson LLC                  Pledgor's "Interest" (as      Uncertified          99%
Facilities Management                                              defined in the Accuride
Corporation                                                        Henderson LLC Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
</Table>

<Page>

                                                                PLEDGE AGREEMENT
                                                                      SCHEDULE I

                                     PLEDGED
                              PARTNERSHIP INTERESTS

<Table>
<Caption>

-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
                                                                                                Certificate         Interest
      Name of Pledger                  Name of Issuer                   Pledged Interest             No.           Percentage
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
<S>                        <C>                                     <C>                          <C>                   <C>
Accuride Corporation       AK L.P., a Delaware limited             Pledgor's "Interest"(as      Uncertified           49%
                           partnership ("AKW LP")                  defined in the AKW
                                                                   LP Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Ventures, Inc.    AKW LP                                  Pledgor's "Interest"(as      Uncertified           49%
                                                                   defined in the AKW
                                                                   LP Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Ventures, Inc.    Accuride Columbia General Partnership   Pledgor's "Interest" (as     Uncertified            1%
                                                                   defined in the Accuride
                                                                   Columbia Amended and
                                                                   Restated General
                                                                   Partnership Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
Accuride Columbia          Accuride Columbia General Partnership   Pledgor's "Interest" (as     Uncertified           99%
Facilities Management                                              defined in the Accuride
Corporation                                                        Columbia Amended and
                                                                   Restated General
                                                                   Partnership Agreement)
-------------------------- --------------------------------------- -------------------------- ----------------- ----------------
</Table>

<Page>

                                                              SCHEDULE II TO THE
                                                                PLEDGE AGREEMENT

                          JURISDICTION OF ORGANIZATION
<Table>
<Caption>

                                                                 JURISDICTION OF
                                                                  ORGANIZATION
                                                               ---------------
<S>                                                             <C>
PLEDGOR
Accuride Corporation                                             Delaware
ACCURIDE VENTURES, INC.                                          Delaware
Accuride Kentucky Holding Company                                Delaware
ACCURIDE HENDERSON FACILITIES MANAGEMENT CORPORATION             Delaware
Accuride Tennessee Holding Company                               Delaware
ACCURIDE COLUMBIA FACILITIES MANAGEMENT CORPORATION              Delaware
AKW GENERAL PARTNER, L.L.C.                                      Delaware
ACCURIDE TEXAS INC.                                              Delaware
AKW, L.P.                                                        Delaware
ACCURIDE CUYAHOGA FALLS, INC.                                    Delaware
ACCURIDE HENDERSON LIMITED LIABILITY COMPANY                     Delaware
ACCURIDE COLUMBIA GENERAL PARTNERSHIP                            Delaware
Accuride Canada Inc.                                             Canada
</Table>

<Page>

                                                               EXHIBIT A TO THE
                                                               PLEDGE AGREEMENT
                                                               ----------------

                     FORM OF CASH COLLATERAL ACCOUNT LETTER

                               [NAME OF BORROWER]
                                    [ADDRESS]

                                                                          [Date]

Citibank, N.A.
399 Park Avenue
New York, New York  10043
Attention: _______________

                          [NAME OF APPLICABLE BORROWER]

Gentlemen/women:

          Reference is made to (a) deposit account no.___________ (the "CASH
COLLATERAL ACCOUNT") maintained with you by [Name of Borrower] (the "BORROWER").
Pursuant to the Second Amended and Restated Pledge Agreement dated as of July
27, 2001 (as amended, supplemented or otherwise modified hereafter from time to
time, the "PLEDGE AGREEMENT"; terms defined therein and not otherwise defined
herein being used herein as therein defined) made by the Borrower and the other
pledgors (the "PLEDGORS") party thereto in favor of Citicorp USA, Inc., as
administrative agent (together with any successor thereto appointed pursuant to
Article VIII of the Credit Agreement, the "ADMINISTRATIVE AGENT") for the
Secured Parties referred to therein, the Borrower has granted to the
Administrative Agent, on behalf of the Secured Parties, sole and exclusive
dominion and control of the Cash Collateral Account and a lien on and security
interest in certain property and assets of the Borrower, including, among other
things, the following (collectively, the "ACCOUNT Collateral"):

          (a)   the Cash Collateral Account, all of the funds held therein and
     all of the certificates and instruments, if any, from time to time
     representing or evidencing the Cash Collateral Account; and

          (b)   all of the Collateral Investments made on behalf of the Borrower
     from time to time and all of the certificates and instruments, if any, from
     time to time representing or evidencing any such Collateral Investments;
     and

          (c)   all of the interest, dividends, distributions, cash, instruments
     and other property and assets from time to time received, receivable or
     otherwise distributed in respect of or in exchange for any or all of the
     then existing Account Collateral; and

          (d)   all of the proceeds of any and all of the foregoing Account
     Collateral. It is a condition to the continued maintenance of the Cash
     Collateral Account with you that you agree to this letter agreement.

          By signing this letter agreement, you acknowledge notice of, and
consent to the terms and conditions of, the Pledge Agreement and the grant of
the lien and security interest in, and the pledge and

<Page>

                                       2

assignment of, the Account Collateral to the Administrative Agent, on behalf of
the Secured Parties, and you confirm to the Administrative Agent that (a) the
Cash Collateral Account is maintained with you at your offices at Citibank,
N.A., [399 Park Avenue, New York, New York, 10043][__________________________,
Toronto, Ontario, Canada], and is entitled "_____________, cash collateral
account for the benefit of Citicorp USA, Inc., as Administrative Agent" and the
account number therefor is as set forth in the immediately preceding paragraph
and (b) you have not received any notice of any other lien or security interest
in, pledge or assignment of, or other claim (other than that of the Borrower) on
or to the Cash Collateral Account or any of the other Account Collateral.
Further, you hereby agree with the Administrative Agent that:

          (i)   The Cash Collateral Account will be maintained solely for the
     benefit of the Administrative Agent, on behalf of the Secured Parties, will
     be and remain entitled as set forth in clause (a) of this paragraph and
     will be subject to written instructions only from an officer of the
     Administrative Agent.

          (ii)   Notwithstanding anything to the contrary in any agreement
     relating to the Cash Collateral Account, the Cash Collateral Account is and
     will be subject to the terms and conditions of the Pledge Agreement and
     such applicable laws (including, without limitation, such applicable
     regulations of the Board of Governors of the Federal Reserve System and of
     any other appropriate banking or other governmental authority) as are in
     effect from time to time, and to the extent any term or condition of this
     letter agreement is inconsistent with the terms and conditions of the
     Pledge Agreement, the terms and conditions of the Pledge Agreement shall
     govern; PROVIDED, HOWEVER, that you shall not be liable for any amendment,
     supplement or other modification of any term or condition of the Pledge
     Agreement until you have received notice of such amendment, supplement or
     other modification from the Administrative Agent, and you hereby agree to
     promptly amend this letter agreement to comply with any such amendment,
     supplement or other modification. The Administrative Agent shall be
     entitled to exercise any and all rights of the Borrower in respect of the
     Cash Collateral Account in accordance with the terms of the Pledge
     Agreement, and you shall comply in all respects with such exercise.

          (iii) You will follow your usual operating procedures for the
     handling of any remittance received in the Cash Collateral Account that
     contains restrictive endorsements, irregularities (such as a variance
     between the written and numerical amounts), undated or postdated items,
     missing signatures, incorrect payees, etc. that are received for deposit in
     the Cash Collateral Account.

          (iv)  You are hereby authorized by each of the Borrower and the
     Administrative Agent to endorse and process, and you hereby agree to
     endorse and process, all eligible checks and other remittance items not
     covered by subparagraph (iii) above and to deposit such checks and
     remittance items into the Cash Collateral Account.

          (v)   You will maintain a record of all checks, deposits and other
     remittance items received in, and all disbursements made from, the Cash
     Collateral Account and, in addition to providing the Borrower with
     photostats, vouchers, enclosures, records and other documents of such
     checks, deposits and disbursements on a monthly basis, you will furnish to
     the Administrative Agent a monthly statement of the Cash Collateral Account
     (which statement shall be mailed or telecopied to the Administrative Agent
     at the address set forth therefor below its name on the signature pages to
     this letter agreement).

<Page>

                                       3

          (vi)  In accordance with written instructions received from the
     Administrative Agent, you will, subject to the provisions hereof, from time
     to time (A) invest amounts on deposit in the Cash Collateral Account in
     such Cash Equivalents as are set forth in such instructions of the
     Administrative Agent in the name of the Administrative Agent, on behalf of
     the Borrower, and (B) invest interest paid on the Cash Equivalents referred
     to in subclause (vi)(A) above, and reinvest other proceeds of any such Cash
     Equivalents that may mature or be sold, in each case in such Cash
     Equivalents as are set forth in the instructions of the Administrative
     Agent in the name of the Administrative Agent, on behalf of the Borrower
     (the Cash Equivalents referred to in subclauses (vi)(A) and (vi)(B) above
     being collectively "COLLATERAL INVESTMENTS"). All of the Collateral
     Investments and all of the interest and proceeds that are not invested or
     reinvested in Collateral Investments as provided above in this subparagraph
     (vi) shall constitute part of the Account Collateral.

          (vii) You shall promptly notify each of the Borrower and the
     Administrative Agent if the Cash Collateral Account (A) becomes subject to
     any writ, garnishment, judgment, warrant of attachment, execution or
     similar process or (B) becomes, or is asserted to have become, subject to
     any lien, security interest, adverse claim or other encumbrance of any
     person or entity other than the Administrative Agent.

         (viii) All transfers from the Cash Collateral Account shall be made by
     you irrespective of, and without deduction for, any counterclaim, defense,
     recoupment, setoff or similar rights in your favor and shall be final, and
     you will not seek to recover from the Administrative Agent for any reason
     any such payment once made; PROVIDED, HOWEVER, that you may charge against
     the Cash Collateral Account the face amount of any item deposited into or
     credited to the Cash Collateral Account which is subsequently returned
     unpaid due to uncollected or insufficient funds. Each such transfer of
     funds shall neither comprise only a part of a remittance nor reflect the
     rounding off of any funds so transferred.

          (ix)  All service charges and fees with respect to the Cash Collateral
     Account shall be payable by the Borrower, but may be charged to another
     deposit account maintained by the Borrower with you (other than any other
     Cash Collateral Account maintained with you).

          (x)   The lien and security interest of the Administrative Agent, on
     behalf of itself and the other Secured Parties, in the Cash Collateral
     Account and the other Account Collateral of the Borrower shall not be
     terminated until you receive notice of such termination from the
     Administrative Agent.

          You hereby represent and warrant that the person executing this letter
agreement on your behalf is duly authorized and fully empowered to do so.

          You shall exercise reasonable care in performing your duties and
responsibilities in respect of the Account Collateral and in fulfilling your
obligations under or in respect of this letter agreement. You shall not be held
liable for any claims, damages, losses or expenses incurred by the Borrower or
the Administrative Agent in connection therewith other than for (a) claims,
damages, losses or expenses resulting from your gross negligence or willful
misconduct or (b) your failure to maintain the Account Collateral or to fulfill
your obligations under or in respect of this letter agreement with reasonable
care; PROVIDED, HOWEVER, that in such case your liability shall extend only to
any direct loss resulting therefrom, as opposed to any consequential or special
loss or damage. Except as expressly agreed to in this letter agreement, you have
no duty other than reasonable care and other customary duties

<Page>

                                       4

with respect to the Cash Collateral Account and the other Account Collateral and
the monitoring and safeguarding of all of the items deposited into the Cash
Collateral Account.

          No amendment or waiver of any provision of this letter agreement, and
no consent to any departure by you or the Borrower herefrom, shall be effective
unless the same shall be in writing as signed by each of you, the Borrower and
the Administrative Agent.

          This letter agreement shall be binding upon you and your successors
and assigns and shall inure to the benefit of, and be enforceable by, the
Administrative Agent and the other Secured Parties and their respective
successors, transferees and assigns. You may terminate this letter agreement
upon 30 days' prior written notice to the Borrower and the Administrative Agent.
Upon such termination, you (a) shall close the Cash Collateral Account and
transfer all funds in the Cash Collateral Account in accordance with the
instructions of the Administrative Agent and (b) shall nonetheless remain
obligated promptly to transfer to the Administrative Agent, as instructed by the
Administrative Agent at such time, all funds and other property and assets
received in respect of the Cash Collateral Account.

          This letter agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together
shall constitute one and the same agreement. Delivery of an executed counterpart
of a signature page to this letter agreement shall be effective as delivery of a
manually executed counterpart of this letter agreement.

          This letter agreement shall be governed by, and construed in
accordance with, the laws of the State of New York.

          Please indicate your acknowledgment of and agreement to the provisions
of this letter agreement by signing in the appropriate space provided below and
returning this letter agreement to Citicorp USA, Inc., 388 Greenwich Street, New
York, New York 10013, Telecopier No.: (212) _________, Attention: Mark Floyd. If
you elect to deliver this letter agreement by telecopier, please arrange for the
executed original to follow by next-day courier.

                                   Very truly yours,

                                   [NAME OF BORROWER], as Borrower

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

                                     PERSON AND ADDRESS FOR NOTICES:
                                     _____________________
                                     _____________________
                                     _____________________
                                     _____________________
                                     Tel: ________________
                                     Fax: ________________

<Page>

                                         5

                                   CITICORP USA, INC., as Administrative Agent

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

                                     PERSON AND ADDRESS FOR NOTICES:
                                     Attn: Mark Floyd
                                     Citicorp USA, Inc.
                                     388 Greenwich Street
                                     New York, New York  10013

Acknowledged and agreed to as
of the date first above written:

CITIBANK, N.A.

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

PERSON AND ADDRESS FOR NOTICES:
Citibank, N.A.
399 Park Avenue
New York, NY  10043
Attn:
Tel: (212) 559-5320
Fax: (212) 758-6278

<Page>

                                                               EXHIBIT B TO THE
                                                               PLEDGE AGREEMENT
                                                               ----------------

                       FORM OF PLEDGE AGREEMENT SUPPLEMENT

                                                                          [Date]

Citicorp USA, Inc., as the Administrative
   Agent for the Lender Parties party to the
   Credit Agreement referred to below
388 Greenwich Street
New York, New York 10013
Attention: _______________

                              ACCURIDE CORPORATION
                              --------------------

Ladies and Gentlemen:

                Reference is made to (i) the Second Amended and Restated Credit
Agreement dated as of July 27, 2001 (such Credit Agreement, as in effect on the
date hereof and as it may hereafter be amended or otherwise modified from time
to time, being the "CREDIT AGREEMENT") among Accuride Corporation, a Delaware
corporation, Accuride Canada, Inc., a corporation organized and existing under
the law of the Province of Ontario, Canada, the banks, financial institutions
and other institutional lenders parties thereto as Lenders, Citibank, N.A., as
Initial Issuing Bank, Citicorp USA, Inc., as Swing Line Bank and Administrative
Agent (in such capacity or Administrative Agent, the "ADMINISTRATIVE AGENT"),
Salomon Smith Barney Inc., as Arranger, Bankers Trust Company, as Syndication
Agent, and Wells Fargo Bank N.A., as Documentation Agent, and (ii) the Second
Amended and Restated Pledge Agreement dated as of July 27, 2001, (such Pledge
Agreement, as in effect on the date hereof and as it may hereafter be amended or
otherwise modified from time to time, being the "PLEDGE AGREEMENT") by the U.S.
Borrower, the Canadian Borrower, and the other Pledgors party thereto, to the
Administrative Agent. The terms defined in the Credit Agreement or the Pledge
Agreement and not otherwise defined herein shall have the same meanings as
specified in the Credit Agreement or the Pledge Agreement.

                [SECTION _. THE PLEDGE AGREEMENT. The undersigned hereby agrees,
      as of the date first above written, to be bound as a Pledgor by all of the
      terms and provisions of the Pledge Agreement to the same extent as each of
      the other Pledgors. The undersigned further agrees, as of the date first
      above written, that each reference in the Pledge Agreement to an
      "Additional Pledgor" or a "Pledgor" shall also mean and be a reference to
      the undersigned, and each reference in any of the other Loan Documents to
      a "Pledgor" or a "Loan Party" shall also mean and be a reference to the
      undersigned.]

                [SECTION _. ADDITIONAL PLEDGED INTERESTS. (a) Pursuant to the
      Pledge Agreement, the undersigned assigns and pledges to the
      Administrative Agent for its benefit and the ratable benefit of the
      Secured Parties, and grants to the Administrative Agent for its benefit
      and the ratable benefit of the Secured Parties, a security interest in the
      shares of stock and other equity interests set forth on Schedule I hereto
      and issued by the Person[s] named therein (such shares and other equity
      interests being collectively referred to herein as the "ADDITIONAL PLEDGED
      INTERESTS").

                (b) The undersigned makes the assignment and pledge, and grants
      the security interest, contained in Section 1 of the Pledge Agreement, of
      and in the Additional Pledged

<Page>

      Interests, as if the undersigned was an original party to the Pledge
      Agreement as a Pledgor with respect to the Additional Pledged Interests
      thereunder.]

                SECTION _. REPRESENTATION AND WARRANTIES. Without limiting the
generality of the foregoing, the undersigned represents and warrants as a
Pledgor as set forth in Section 7 of the Pledge Agreement, as supplemented by
this Pledge Agreement Supplement.

                SECTION _. GOVERNING LAW. This Pledge Agreement Supplement
shall be governed by, and construed in accordance with, the laws of the State of
New York, except to the extent that the perfection or the effect of perfection
of the security interest under the Pledge Agreement, or remedies under the
Pledge Agreement, in respect of any Collateral are governed, pursuant to the
laws of the State of New York, by the laws of a jurisdiction other than the
State of New York.

                                   Very truly yours,

                                   [NAME OF ADDITIONAL PLEDGOR]

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

                                      Address:<Page>

                                                                 EXECUTION COPY

                               SECURITY AGREEMENT

                            Dated as of July 27, 2001

                                      From

                         THE GRANTORS REFERRED TO HEREIN

                                       to

                               CITICORP USA, INC.

                             AS ADMINISTRATIVE AGENT

<Page>

                                TABLE OF CONTENTS

<Table>
<Caption>

SECTION                                                                             PAGE

<S>          <C>                                                                      <C>
SECTION 1.   GRANT OF SECURITY........................................................2

SECTION 2.   SECURITY FOR OBLIGATIONS.................................................6

SECTION 3.   GRANTORS REMAIN LIABLE...................................................6

SECTION 4.   DELIVERY AND CONTROL OF SECURITY COLLATERAL..............................6

SECTION 5.   MAINTAINING THE PLEDGED ACCOUNTS.........................................7

SECTION 6.   MAINTAINING THE CASH CONCENTRATION ACCOUNT...............................8

SECTION 7.   INVESTING OF AMOUNTS IN THE CASH CONCENTRATION ACCOUNT...................9

SECTION 8.   REPRESENTATIONS AND WARRANTIES...........................................10

SECTION 9.   FURTHER ASSURANCES.......................................................13

SECTION 10.  AS TO EQUIPMENT AND INVENTORY............................................14

SECTION 11.  INSURANCE................................................................14

SECTION 12.  PLACE OF PERFECTION; RECORDS; COLLECTION OF RECEIVABLES..................15

SECTION 13.  AS TO INTELLECTUAL PROPERTY COLLATERAL...................................16

SECTION 14.  AS TO THE ASSIGNED AGREEMENTS............................................17

SECTION 15.  PAYMENTS UNDER THE ASSIGNED AGREEMENTS...................................18

SECTION 16.  TRANSFERS AND OTHER LIENS................................................18

SECTION 17.  ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT..........................18

SECTION 18.  ADMINISTRATIVE AGENT MAY PERFORM.........................................19

SECTION 19.  THE ADMINISTRATIVE AGENT'S DUTIES........................................19

SECTION 20.  REMEDIES.................................................................19

SECTION 21.  INDEMNITY AND EXPENSES...................................................21

SECTION 22.  AMENDMENTS; WAIVERS; ADDITIONAL GRANTORS; ETC............................22

SECTION 23.  NOTICES; ETC.............................................................22

SECTION 24.  CONTINUING SECURITY INTEREST; ASSIGNMENTS UNDER THE CREDIT AGREEMENT.....22

SECTION 25.  RELEASE; TERMINATION.....................................................23

<Page>

                                       ii

SECTION 26.   SECURITY INTEREST ABSOLUTE..............................................23

SECTION 27.   SEVERABILITY............................................................24

SECTION 28.   EXECUTION IN COUNTERPARTS...............................................24

SECTION 29.   THE MORTGAGES...........................................................24

SECTION 30.   GOVERNING LAW...........................................................24

</Table>

SCHEDULES

<Table>

<S>                   <C>
Schedule I       -    Investment Property
Schedule II      -    Intentionally Omitted
Schedule III     -    Locations of Equipment and Inventory
Schedule IV      -    Jurisdiction of Organization, Organizational Identification
                      Number and Federal Tax Identification Number
Schedule V       -    Patents, Trademarks and Trade Names, Copyrights and Licenses
Schedule VI      -    Pledged Accounts and Cash Concentration Account

EXHIBITS

Exhibit A        -    Form of Security Agreement Supplement
Exhibit B        -    Form of Pledged Account Letter
Exhibit C        -    Form of Consent and Agreement
Exhibit D        -    Form of Control Agreement
Exhibit E        -    Form of Intellectual Property Security Agreement
Exhibit F        -    Form of Intellectual Property Security Agreement Supplement
Exhibit G        -    Form of Cash Concentration Account Letter

</Table>

<Page>

                              SECURITY AGREEMENT

          SECURITY AGREEMENT dated as of July 27, 2001 made by ACCURIDE
CORPORATION, a Delaware corporation (the "U.S. BORROWER"), ACCURIDE CANADA,
INC., a corporation organized under the laws of the Province of Ontario, Canada
(the "CANADIAN BORROWER") (each, individually, a "BORROWER" and, collectively,
the "Borrowers"), and each of the other Persons listed on the signature pages
hereof (together with the Borrowers, and each of the Additional Grantors (as
defined in Section 20(b) below), collectively, the "GRANTORS" and, individually,
a "GRANTOR"), to Citicorp USA, Inc. ("CUSA"), as administrative agent (together
with any successor administrative agent appointed pursuant to Article VIII of
the Credit Agreement (as defined below), the "ADMINISTRATIVE AGENT") for the
Secured Parties (as defined in the Credit Agreement).

          PRELIMINARY STATEMENTS.

          (1)   The U.S. Borrower and the Canadian Borrower have entered into a
Second Amended and Restated Credit Agreement dated as of July 27, 2001 (said
Agreement, as it may hereafter be amended, amended and restated, supplemented or
otherwise modified from time to time, being the "CREDIT AGREEMENT") with the
Lender Parties, Citicorp as Administrative Agent, Salomon Smith Barney Inc., as
Arranger, Bankers Trust as Syndication Agent and Wells Fargo as Documentation
Agent.

          (2)   Pursuant to the Credit Agreement, the Grantors are entering into
this Agreement so that the U.S. Borrower and its Restricted Subsidiaries party
to this Agreement shall grant a first priority security interest in all of their
assets and property now owned or hereafter acquired to secure the Obligations of
the Borrowers under the Credit Agreement.

          (3)   The Borrower has security entitlements (the "PLEDGED SECURITY
ENTITLEMENTS") with respect to all the financial assets (the "PLEDGED FINANCIAL
ASSETS") credited from time to time to the Borrower's account, Account No.
878283 (the "SECURITIES ACCOUNT"), with Banc of America Securities LLC at its
office at 233 South Wacker Drive, 27th Floor, Chicago IL.

          (4)   Within 30 days of the Effective Date, (a) the U.S. Borrower
shall have opened a cash collateral account (the "U.S. BORROWER CASH
COLLATERAL ACCOUNT") with Citibank, N.A. ("CITIBANK") at its offices at 399
Park Avenue, New York, New York 10043, and (b) the Canadian Borrower shall
have opened a cash collateral account (the "CANADIAN BORROWER CASH COLLATERAL
ACCOUNT" and, together with the U.S. Borrower Cash Collateral Account, the
"CASH COLLATERAL ACCOUNTS") with Citibank at its Affiliate's offices at 123
Front Street West, Toronto, Ontario, Canada. Each of the Cash Collateral
Accounts shall have been opened in the name of applicable Borrower pursuant
to, and for the purpose set forth in Section 2.06(b)(vii) of the Credit
Agreement, Section 20(d) of this Agreement and Section 15(e) of the Pledge
Agreement, shall be under the sole and exclusive dominion and control of the
Administrative Agent and subject to the terms of this Agreement and of the
Pledge Agreement.

          (5)   It is a condition precedent to the making of Advances and the
issuance of Letters of Credit by the Lender Parties under the Credit Agreement
and the entry into Bank Hedge Agreements by the Hedge Banks from time to time
that the Grantors shall have granted the assignment and security interest and
made the pledge and assignment contemplated by this Agreement.

          (6)   Each Grantor will derive substantial direct and indirect benefit
from the transactions contemplated by the Loan Documents.

<Page>

                                        2

          (7) Terms defined in the Credit Agreement and not otherwise defined in
this Agreement are used in this Agreement as defined in the Credit Agreement.
Further, unless otherwise defined in this Agreement or in the Credit Agreement,
terms defined in Article 8 or 9 of the Uniform Commercial Code in effect in the
State of New York ("N.Y. UNIFORM COMMERCIAL CODE") and/or in the Federal Book
Entry Regulations (as defined below) are used in this Agreement as such terms
are defined in such Article 8 or 9 and/or the Federal Book Entry Regulations.
The term "FEDERAL BOOK ENTRY REGULATIONS" means (a) the federal regulations
contained in Subpart B ("TREASURY/RESERVE AUTOMATED DEBT ENTRY SYSTEM (TRADES)")
governing book-entry securities consisting of U.S. Treasury bonds, notes and
bills and Subpart D ("ADDITIONAL PROVISIONS") of 31 C.F.R. Part 357, 31 C.F.R.
Section 357.2, Section 357.10 through Section 357.14 and Section 357.41 through
Section 357.44 and (b) to the extent substantially identical to the federal
regulations referred to in clause (a) above (as in effect from time to time),
the federal regulations governing other book-entry securities.

          NOW, THEREFORE, in consideration of the premises and in order to
induce the Lender Parties to make Advances and issue Letters of Credit under the
Credit Agreement and to induce the Hedge Banks to enter into Bank Hedge
Agreements from time to time, each Grantor hereby agrees with the Administrative
Agent for the ratable benefit of the Secured Parties as follows:

          SECTION 1. GRANT OF SECURITY. Each Grantor hereby assigns and pledges
to the Administrative Agent for the ratable benefit of the Secured Parties, and
hereby grants to the Administrative Agent for the ratable benefit of the Secured
Parties a security interest in, such Grantor's right, title and interest in and
to the following, in each case, as to each type of property described below,
whether now owned or hereafter acquired by such Grantor, wherever located, and
whether now or hereafter existing or arising (collectively, the "COLLATERAL"):

               (a) all equipment in all of its forms, all fixtures and all parts
     thereof and all accessions thereto (any and all such equipment,fixtures,
     parts and accessions being the "EQUIPMENT");

               (b) all inventory in all of its forms (including, without
     limitation, (i) all wheels and raw materials and work in process
     therefore,finished goods thereof and materials used or consumed in the
     manufacture,production, preparation or shipping thereof, (ii) goods in
     which such Grantor has an interest in mass or a joint or other interest or
     right of any kind (including, without limitation, goods in which such
     Grantor has an interest or right as consignee) and (iii) goods that are
     returned to or repossessed or stopped in transit by such Grantor), and all
     accessions thereto and products thereof and documents therefor (any and all
     such inventory, accessions, products and documents being the "INVENTORY");

               (c) all accounts, chattel paper, instruments, deposit accounts,
     general intangibles and other obligations of any kind, whether or not
     arising out of or in connection with the sale or lease of goods or the
     rendering of services and whether or not earned by performance, and all
     rights now or hereafter existing in and to all security agreements, leases
     and other contracts securing or otherwise relating to any such accounts,
     chattel paper, instruments, deposit accounts, ` general intangibles or
     obligations (any and all such accounts, chattel paper, instruments, deposit
     accounts, general intangibles and obligations, to the extent not referred
     to in clause (d), (e) or (f) below, being the "RECEIVABLES", and any and
     all such security agreements, leases and other contracts being the "RELATED
     CONTRACTS");

               (d) the following (the "SECURITY COLLATERAL"):

<Page>

                                       3

                     (i)   the Securities Account, all Pledged Security
     Entitlements with respect to all Pledged Financial Assets from time to time
     credited to the Securities Account, and all Pledged Financial Assets, and
     all dividends, interest, cash, instruments and other property from time to
     time received, receivable or otherwise distributed in respect of or in
     exchange for any or all of such Pledged Security Entitlements or such
     Pledged Financial Assets; and

                     (ii)  all other investment property (including, without
     limitation, all (A) security entitlements, (B) securities accounts, (C)
     commodity contracts and (D) commodity accounts) in which such Grantor has
     now, or acquires from time to time hereafter, any right, title or interest
     in any manner, and the certificates or instruments, if any, representing or
     evidencing such investment property, and all dividends, interest,
     distributions, value, cash, instruments and other property from time to
     time received, receivable or otherwise distributed in respect of or in
     exchange for any or all of such investment property;

               (e) each of the agreements of each Grantor, and each Hedge
Agreement to which such Grantor is now or may hereafter become a party, in each
case as such agreements may be amended, amended and restated, supplemented or
otherwise modified from time to time (collectively, the "ASSIGNED AGREEMENTS"),
including, without limitation, (i) all rights of such Grantor to receive moneys
due and to become due under or pursuant to the Assigned Agreements, (ii) all
rights of such Grantor to receive proceeds of any insurance, indemnity, warranty
or guaranty with respect to the Assigned Agreements, (iii) claims of such
Grantor for damages arising out of or for breach of or default under the
Assigned Agreements and (iv) the right of such Grantor to terminate the Assigned
Agreements, to perform thereunder and to compel performance and otherwise
exercise all remedies thereunder (all such Collateral being the "AGREEMENT
COLLATERAL");

               (f) the following (collectively, the "ACCOUNT COLLATERAL"):

                     (i)   an account listed on Schedule VI as the Cash
          Concentration Account (the "CASH CONCENTRATION ACCOUNT"), all
          financial assets from time to time credited to the Cash Concentration
          Account (including, without limitation, all Cash Equivalents from time
          to time credited to the Cash Concentration Account), and all
          dividends, interest, cash, instruments and other property from time to
          time received, receivable or otherwise distributed in respect of or in
          exchange for any or all of such financial assets, and all funds held
          therein and all certificates and instruments, if any, from time to
          time representing or evidencing the Cash Concentration Account;

                     (ii)  all Pledged Accounts (as hereinafter defined) from
          time to time, all funds held therein and all certificates and
          instruments, if any, from time to time representing or evidencing
          the Pledged Accounts;

                     (iii) all other deposit accounts (including, without
          limitation, the operating accounts of such Grantor) of such Grantor
          from time to time, all funds held therein and all certificates and
          instruments, if any, from time to time representing or evidencing such
          deposit accounts;

                     (iv)  all notes, certificates of deposit, deposit accounts,
          checks and other instruments from time to time delivered to or
          otherwise possessed by the Administrative Agent for or on behalf of
          such Grantor, including, without limitation,

<Page>

                                       4

          those delivered or possessed in substitution for or in addition to any
          or all of the then existing Account Collateral; and

                     (v)   all interest, dividends, cash, instruments and other
          property from time to time received, receivable or otherwise
          distributed in respect of or in exchange for any or all of the then
          existing Account Collateral; and

               (g) the following (collectively, the "INTELLECTUAL PROPERTY
                   COLLATERAL"):

                     (i)   all United States, international and foreign patents,
          patent applications and statutory invention registrations, including,
          without limitation, the patents and patent applications set forth in
          Part A of Schedule V hereto (as such Schedule V may be supplemented
          from time to time by supplements to this Agreement, each such
          supplement being in substantially the form of Exhibit F hereto (an "IP
          SECURITY AGREEMENT SUPPLEMENT"), executed and delivered by such
          Grantor to the Administrative Agent from time to time), together with
          all reissues, divisions, continuations, continuations-in-part,
          extensions and reexaminations thereof, all inventions therein, all
          rights therein provided by international treaties or conventions and
          all improvements thereto, and all other rights of any kind whatsoever
          of such Grantor accruing thereunder or pertaining thereto (the
          "PATENTS");

                     (ii)  all trademarks (including, without limitation,
          service marks), certification marks, collective marks, trade dress,
          logos, domain names, product configurations, trade names, business
          names, corporate names and other source identifiers, whether or not
          registered, whether currently in use or not, including, without
          limitation, all common law rights and registrations and applications
          for registration thereof, including, without limitation, the trademark
          registrations and trademark applications set forth in Part B of
          Schedule V hereto (as such Schedule V may be supplemented from time to
          time by IP Security Agreement Supplements executed and delivered by
          such Grantor to the Administrative Agent from time to time), and all
          other marks registered in the U.S. Patent and Trademark Office or in
          any office or agency of any State or Territory of the United States or
          any foreign country (but excluding any United States intent-to-use
          trademark application prior to the filing and acceptance of a
          Statement of Use or an Amendment to allege use in connection therewith
          to the extent that a valid security interest may not be taken in such
          an intent-to-use trademark application under applicable law), and all
          rights therein provided by international treaties or conventions, all
          reissues, extensions and renewals of any of the foregoing, together in
          each case with the goodwill of the business connected therewith and
          symbolized thereby, and all rights corresponding thereto throughout
          the world and all other rights of any kind whatsoever of such Grantor
          accruing thereunder or pertaining thereto (the "TRADEMARKS");

                     (iii) all copyrights, copyright applications, copyright
          registrations and like protections in each work of authorship, whether
          statutory or common law, whether published or unpublished, any
          renewals or extensions thereof, all copyrights of works based on,
          incorporated in, derived from, or relating to works covered by such
          copyrights, including, without limitation, the copyright registrations
          and copyright applications set forth in Schedule V hereto including,
          without limitation, the trademark registrations and trademark
          applications set forth in Part C Schedule V hereto (as such Schedule V
          may be supplemented from time to time by IP Security Agreement
          Supplements executed and delivered by such Grantor to the
          Administrative Agent from time to time), together with

<Page>

                                       5

          all rights corresponding thereto throughout the world and all
          other rights of any kind whatsoever of such Grantor accruing
          thereunder or pertaining thereto (the "COPYRIGHTS");

                     (iv)  all confidential and proprietary information,
          including, without limitation, know-how, trade secrets, manufacturing
          and production processes and techniques, inventions, research and
          development information, technical data, financial, marketing and
          business data, pricing and cost information, business and marketing
          plans and customer and supplier lists and information (the "TRADE
          SECRETS");

                     (v)   all computer software programs and databases
          (including, without limitation, source code, object code and all
          related applications and data files), firmware, and documentation and
          materials relating thereto, and all rights with respect to the
          foregoing, together with any and all options, warranties, service
          contracts, program services, test rights, maintenance rights,
          improvement rights, renewal rights and indemnifications and any
          substitutions, replacements, additions or model conversions of any of
          the foregoing (the "COMPUTER SOFTWARE");

                     (vi)  all license agreements, permits, authorizations and
          franchises, whether with respect to the Patents, Trademarks,
          Copyrights, Trade Secrets or Computer Software, or with respect to
          the patents, trademarks, copyrights, trade secrets, computer software
          or other proprietary right of any other Person, including, without
          limitation, the license agreements set forth in Part D of Schedule V
          hereto (as such Schedule V may be supplemented from time to time by
          IP Security Agreement Supplements executed and delivered by such
          Grantor to the Administrative Agent from time to time), and all
          income, royalties and other payments now or hereafter due and/or
          payable with respect thereto, subject, in each case, to the terms of
          such license agreements, permits, authorizations and franchises, (the
          "LICENSES"); and

                     (vii) any and all claims for damages for past, present and
          future infringement, misappropriation or breach with respect to the
          Patents, Trademarks, Copyrights, Trade Secrets, Computer Software or
          Licenses, with the right, but not the obligation, to sue for and
          collect, or otherwise recover, such damages; and

               (h) all proceeds of any and all of the Collateral (including,
     without limitation, proceeds that constitute property of the types
     described in clauses (a) through (g) of this Section 1 and this clause
     (h)) and, to the extent not otherwise included, all (i) payments under
     insurance (whether or not the Administrative Agent is the loss payee
     thereof), or any indemnity, warranty or guaranty, payable by reason of
     loss or damage to or otherwise with respect to any of the foregoing
     Collateral and (ii) cash.

Notwithstanding anything herein to the contrary, in no event shall the
Collateral include, and no Grantor shall be deemed to have granted a security
interest in, any of such Grantor's rights and interests (i) in any license,
contract or agreement to which such Grantor is a party or any of its rights
thereunder to the extent, but only to the extent that such a grant would, under
the terms of any such license, contract or agreement, result in a breach of the
terms of, or constitute a default under any license, contract or agreement to
which such Grantor is a party (other than to the extent that any such term would
be rendered ineffective pursuant to the UCC of any relevant jurisdiction or any
other applicable law (including the Bankruptcy Code) or principles of equity);
PROVIDED that, immediately upon the ineffectiveness, lapse or termination of any
such provision, the Collateral shall include, and such Grantor shall be deemed
to have granted a security interest in, all such rights and provisions as if
such provision had never been in effect, or (ii) in any Equipment that is
subject to a Capital Lease or purchase money financing (in each case as

<Page>

                                       6

permitted by the Credit Agreement) so long as, and only so long as, such Capital
Lease or purchase money financing by its terms would not allow the security
interest created hereunder.

          SECTION 2. SECURITY FOR OBLIGATIONS. The pledge and assignment of,
and the grant of a lien on and security interest in, the Collateral by the U.S.
Borrower and each of the other Grantors that is a Restricted Subsidiary of the
U.S. Borrower secures the payment of all Obligations of each Loan Party now or
hereafter existing under the Loan Documents, whether direct or indirect,
absolute or contingent, and whether for principal, reimbursement obligations,
interest, fees, premiums, penalties, indemnifications, contract causes of
action, costs, expenses or otherwise (all such Obligations being the "SECURED
OBLIGATIONS").

          SECTION 3. GRANTORS REMAIN LIABLE. Anything herein to the contrary
notwithstanding, (a) each Grantor shall remain liable under the contracts and
agreements included in such Grantor's Collateral to the extent set forth
therein to perform all of its duties and obligations thereunder to the same
extent as if this Agreement had not been executed, (b) the exercise by the
Administrative Agent of any of the rights hereunder shall not release any
Grantor from any of its duties or obligations under the contracts and
agreements included in the Collateral and (c) no Secured Party shall have any
obligation or liability under the contracts and agreements included in the
Collateral by reason of this Agreement or any other Loan Document, nor shall
any Secured Party be obligated to perform any of the obligations or duties of
any Grantor thereunder or to take any action to collect or enforce any claim
for payment assigned hereunder.

          SECTION 4. DELIVERY AND CONTROL OF SECURITY COLLATERAL. (a) At any
time upon the occurrence and during the continuance of a Default under Section
7.01(a) or (f) of the Credit Agreement, or upon the occurrence of an Event of
Default, in its sole discretion and without notice to any Grantor, the
Administrative Agent shall have the right at any time to convert Security
Collateral consisting of financial assets credited to the Securities Account to
Security Collateral consisting of financial assets held directly by the
Administrative Agent, and to convert Security Collateral consisting of
financial assets held directly by the Administrative Agent to Security
Collateral consisting of financial assets credited to the Securities Account.

          (b) With respect to any Security Collateral in which any Grantor has
any right, title or interest and that constitutes a security entitlement, such
Grantor will cause the securities intermediary with respect to such security
entitlement either (i) to identify in its records the Administrative Agent as
the entitlement holder of such security entitlement against such securities
intermediary or (ii) to agree in writing with such Grantor and the
Administrative Agent that such securities intermediary will comply with
entitlement orders (that is, notifications communicated to such securities
intermediary directing transfer or redemption of the financial asset to which
such Grantor has a security entitlement) originated by the Administrative Agent
without further consent of such Grantor, such agreement to be in substantially
the form of Exhibit D hereto or otherwise in form and substance satisfactory to
the Administrative Agent (such agreement being a "SECURITIES ACCOUNT CONTROL
AGREEMENT").

          (c) No Grantor will change or add any securities intermediary or
commodity intermediary that maintains any securities account or commodity
account in which any of the Collateral is credited or carried, or change or add
any such securities account or commodity account, in each case without first
complying with the above provisions of this Section 4 in order to perfect the
security interest granted hereunder in such Collateral.

          (d) The Administrative Agent hereby agrees with the Grantors that,
unless a Default under Section 7.01(a) or (f) of the Credit Agreement has
occurred and is continuing, or an Event of

<Page>

                                       7

Default has occurred, the Administrative Agent shall not issue instructions
under the Securities Account Control Agreement.

          SECTION 5. MAINTAINING THE PLEDGED ACCOUNTS. So long as any Advance or
any other Obligation of any Loan Party under any Loan Document shall remain
unpaid, any Letter of Credit shall be outstanding, any Bank Hedge Agreement
shall be in effect or any Lender Party shall have any Commitment under the
Credit Agreement:

               (a)  Within 30 days of the Effective Date, each Grantor will
     establish and maintain lockboxes and deposit accounts (collectively, the
     "PLEDGED ACCOUNTS") only with banks (the "PLEDGED ACCOUNT BANKS") that have
     entered into letter agreements in substantially the form of Exhibit B
     hereto or otherwise in form and substance reasonably satisfactory to the
     Administrative Agent with such Grantor and the Administrative Agent (the
     "PLEDGED ACCOUNT LETTERS").

               (b)  Each Grantor will (i) immediately instruct each Person
     obligated at any time to make any payment to such Grantor for any reason
     (an "OBLIGOR") to make such payment to a Pledged Account of such Grantor or
     to the Cash Concentration Account and (ii) deposit in a Pledged Account or
     pay to the Administrative Agent for deposit in the Cash Concentration
     Account, at the end of each Business Day, all proceeds of Collateral and
     all other cash of such Grantor in excess of $250,000 in the aggregate.

               (c)  Concurrently with or promptly after entering into a Pledged
     Account Letter with any Pledged Account Bank, each Grantor will instruct
     such Pledged Account Bank to transfer to the Cash Concentration Account, at
     the end of each Business Day, in same day funds, an amount equal to the
     credit balance of the Pledged Account in such Pledged Account Bank. If any
     Grantor shall fail to give any such instructions to any Pledged Account
     Bank, the Administrative Agent may do so without further notice to any
     Grantor.

               (d)  Each Grantor agrees that it will not add any bank as a
     Pledged Account Bank or add any account as a Pledged Account to those
     listed in Schedule VI hereto, unless the Administrative Agent shall have
     received at least 10 days' prior written notice of such addition and shall
     have received a Pledged Account Letter executed by such new Pledged Account
     Bank and such Grantor or a supplement to an existing Pledged Account Letter
     covering such new Pledged Account, as the case may be (and, upon the
     receipt by the Administrative Agent of such Pledged Account Letter or
     supplement, Schedule VI hereto shall be automatically amended to include
     such Pledged Account Bank or Pledged Account). Each Grantor agrees that it
     will not terminate any bank as a Pledged Account Bank or terminate any
     account as a Pledged Account, unless the Administrative Agent shall have
     received at least 10 days' prior written notice of such termination (and,
     upon such termination, Schedule VI hereto shall be automatically amended to
     delete such Pledged Account Bank or Pledged Account).

               (e)  Upon any termination of any Pledged Account Letter or other
     agreement with respect to the maintenance of a Pledged Account by any
     Grantor or any Pledged Account Bank, such Grantor will immediately notify
     all Obligors that were making payments to such Pledged Account to make all
     future payments to another Pledged Account or to the Cash Concentration
     Account. Each Grantor agrees to terminate any or all Pledged Accounts and
     Pledged Account Letters upon request by the Administrative Agent.

               (f)  The Grantors will draw checks on, and otherwise withdraw
     amounts from, their respective operating accounts in such amounts as may be
     required in the ordinary course of

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                                       8

     business (including, without limitation, to pay or prepay Debt outstanding
     under the Loan Documents). So long as no Default under Section 7.01(a) or
     (f) of the Credit Agreement or no Event of Default shall have occurred and
     be continuing, the Administrative Agent will direct the applicable
     Collateral Bank (as hereinafter defined) to transfer amounts on deposit in
     the Cash Concentration Account to the respective operating accounts to the
     extent necessary to pay all checks drawn on, and all amounts otherwise
     withdrawn from, such operating accounts.

               (g) Each Grantor agrees that it will not add any account as an
     unblocked account and will not terminate any account as an unblocked
     account, unless the Administrative Agent shall have received at least 10
     days' prior written notice of such addition or termination.

               (h) Notwithstanding anything to the contrary in this Agreement,
     with respect to the lock-box account of the U.S. Borrower maintained in
     London, Ontario, Canada (the "CANADIAN LOCK-BOX"), the transfers required
     pursuant to Section 5(c) shall be to the cash concentration account
     maintained by the Canadian Borrower under the Canadian Security Agreement
     rather than to the Cash Concentration Account.

               (i) The Administrative Agent hereby agrees with the Grantors
     that, unless a Default under Section 7.01(a) or (f) of the Credit Agreement
     has occurred and is continuing, or an Event of Default has occurred, the
     Administrative Agent shall not issue instructions under the Pledged Account
     Letters.

          SECTION 6. MAINTAINING THE CASH CONCENTRATION ACCOUNT. So long as any
of the Advances shall remain unpaid, any Letter of Credit shall be outstanding,
any Bank Hedge Agreement shall be in effect or any of the Lender Parties shall
have any Commitment under the Credit Agreement:

               (a) The U.S. Borrower will maintain its Cash Concentration
     Account with any commercial bank reasonably acceptable to the
     Administrative Agent (the "COLLATERAL BANK") in accordance with the terms
     of this Agreement and, within 30 days of the Effective Date, will provide a
     letter agreement (the "CASH CONCENTRATION ACCOUNT LETTER") among the U.S.
     Borrower, the Collateral Bank and the Administrative Agent, which letter
     agreement is to be in substantially the form of Exhibit G hereto or
     otherwise in form and substance reasonably satisfactory to the
     Administrative Agent. Upon the occurrence and continuance of a Default
     under Section 7.01(a) or (f) or the occurrence of an Event of Default, the
     Administrative Agent shall have sole and exclusive dominion and control of
     the Cash Concentration Account subject to the terms of this Agreement and
     of the Cash Concentration Account Letter.

               (b) It shall be a term and condition of the Cash Concentration
     Account that no amount (including, without limitation, interest on
     Collateral Investments related thereto) shall be paid or released to or
     for the account of, or withdrawn by or for the account of, the U.S.
     Borrower or any other Person from the Cash Concentration Account, except as
     otherwise provided in Sections 5 and 20 hereof and in the Cash
     Concentration Account Letter.

               (c) The U.S. Borrower agrees that it will not add any bank as a
     Collateral Bank or add any account as a Cash Concentration Account to that
     listed in Schedule VI hereto, unless the Administrative Agent shall have
     received at least 10 days' prior written notice of such addition and shall
     have received a Cash Concentration Account Letter executed by such new
     Collateral Bank and the U.S. Borrower or a supplement to an existing
     Cash Concentration Account Letter covering such new Cash Concentration
     Account, as the case may be (and, upon the receipt by the Administrative
     Agent of such new Cash Concentration Account Letter or supplement, Schedule
     VI hereto shall be automatically amended to include such Collateral Bank

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                                       9

     or Cash Concentration Account). The U.S. Borrower agrees that it will not
     terminate any Collateral Bank as a Collateral Bank or terminate any account
     as a Cash Concentration Account, unless the Administrative Agent shall have
     received at least 10 days' prior written notice of such termination (and,
     upon such termination, Schedule VI hereto shall be automatically amended to
     delete such Collateral Bank or Cash Concentration Account).

               (d) The Administrative Agent hereby agrees with the U.S.
     Borrower that, unless a Default under Section 7.01(a) or (f) of the Credit
     Agreement has occurred and is continuing, or an Event of Default has
     occurred, the Administrative Agent shall not issue instructions under the
     Cash Concentration Letter.

          SECTION 7. INVESTING OF AMOUNTS IN THE CASH CONCENTRATION ACCOUNT.

               (a) So long as no Default under Section 7.01(a) or 7.01(f)
     of the Credit Agreement or Event of Default has occurred and is continuing,
     the U.S. Borrower may direct the Collateral Bank to (i) invest amounts on
     deposit in the Cash Concentration Account in such Cash Equivalents as the
     U.S. Borrower may select, in each case which investments shall be made in
     the name of, and with the entitlement holder being, the U.S. Borrower, and
     (ii) invest interest paid on the Cash Equivalents referred to in clause (i)
     above, and reinvest other proceeds of any such Cash Equivalents that may
     mature or be sold, in each case in such Cash Equivalents as the U.S.
     Borrower may select, in each case which investments shall be made in the
     name of, and with the entitlement holder being, the U.S. Borrower (the Cash
     Equivalents referred to in clauses (i) and (ii) of this Section 7(a) being,
     collectively, the "U.S. BORROWER COLLATERAL INVESTMENTS").

               (b) Upon the occurrence and during the continuance of a Default
     under Section 7.01(a) or 7.01(f) of the Credit Agreement or an Event of
     Default, the Administrative Agent may, subject to the provisions of
     Section 20, from time to time (i) invest amounts on deposit in the Cash
     Concentration Account in such Cash Equivalents as the Administrative Agent
     may select, in each case which investments shall be made in the name of,
     and with the entitlement holder being, the Administrative Agent, on behalf
     of the U.S. Borrower, and (ii) invest interest paid on the Cash Equivalents
     referred to in clause (i) above, and reinvest other proceeds of any such
     Cash Equivalents that may mature or be sold, in such Cash Equivalents as
     the Administrative Agent may select, in each case which investments shall
     be made in the name of, and with the entitlement holder being, the
     Administrative Agent, on behalf of the U.S. Borrower (the Cash Equivalents
     referred to in clauses (i) and (ii) of this Section 7(b), together with the
     U.S. Borrower Collateral Investments, being, collectively, the "COLLATERAL
     INVESTMENTS").

               (c) Interest and proceeds that are not invested or reinvested in
     Collateral Investments as provided in subsection (a) or (b) of this Section
     7 shall be deposited and held in the Cash Concentration Account.

               (d) The Administrative Agent shall not have any liability to
     the U.S. Borrower or any other Grantors or any of the Secured Parties for,
     or as a result of, any losses suffered from any Collateral Investment made
     by it in accordance with this Section 7 or if the earnings realized on any
     such Collateral Investment are less than otherwise could have been achieved
     had other Cash Equivalents been selected by the U.S. Borrower or the
     Administrative Agent pursuant to the terms of subsection (a) or (b),
     respectively, of this Section 7.

               (e) All of the Collateral Investments made in respect of the
     Cash Concentration Account and all interest and income received thereon and
     therefrom, and the net proceeds realized upon the maturity or sale thereof,
     shall be held in the Cash Concentration Account as

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                                       10

     Account Collateral, which amounts may be released solely in accordance with
     the provisions of Sections 20 hereof and of the Cash Concentration Account
     Letter.

          SECTION 8. REPRESENTATIONS AND WARRANTIES. Each Grantor represents and
warrants as follows:

               (a) All of the Equipment and Inventory of such Grantor are
     located at the places specified therefor in Schedule III hereto, as such
     Schedule III may be amended from time to time to reflect a change in the
     location of such Equipment or Inventory. The jurisdiction of organization
     and the original copies of each Assigned Agreement and Related Contract to
     which such Grantor is a party and all originals of all chattel paper that
     evidence Receivables of such Grantor, are located at the address specified
     therefor in Schedule IV hereto, as such Schedule IV may be amended from
     time to time pursuant to Section 12(a). Such Grantor's federal tax
     identification and organizational identification number are set forth
     opposite such Grantor's name in Schedule IV hereto. Original copies of each
     material Assigned Agreement and all originals of all chattel paper that
     evidence Receivables have been delivered to the Administrative Agent, in
     each case to the extent that delivery thereof to the Administrative Agent
     is required under Section 4. None of the Receivables or Agreement
     Collateral is evidenced by a promissory note or other instrument in an
     aggregate amount in excess of $100,000 that has not been delivered to the
     Administrative Agent.

               (b) Such Grantor is the legal and beneficial owner of the
     Collateral of such Grantor free and clear of any Lien, claim, option or
     right of others, except for the security interest created under this
     Agreement or permitted under the Credit Agreement. No effective financing
     statement or other instrument similar in effect covering all or any part of
     such Collateral or listing such Grantor or any trade name of such Grantor
     as debtor is on file in any recording office, except such as may have been
     filed in favor of the Administrative Agent relating to the Loan Documents
     or as otherwise permitted under the Credit Agreement. Such Grantor has the
     trade names listed on Schedule V hereto.

               (c) Such Grantor has exclusive possession and control of the
     Equipment and Inventory other than (i) Inventory with an aggregate value
     not to exceed $100,000 that is being processed by third-party processors
     pursuant to a contract with a Grantor and (ii) Inventory stored at any
     leased premises or warehouse for which a landlord's or warehouseman's
     agreement, in form and substance reasonably satisfactory to the
     Administrative Agent, is in effect and which leased premises or warehouse
     is so indicated by an asterisk on Schedule III hereto, as such Schedule III
     may be amended from time to time to reflect a change in the location of
     such Equipment or Inventory; provided that the Grantors may store Inventory
     at the leased premises or warehouse of any landlord or warehouseman without
     a landlord's or warehouseman's agreement (x) for a period of 30 days after
     the Effective Date and (y) to the extent that a landlord's or
     warehouseman's agreement is not obtained from such landlord or warehouseman
     after the exercise by such Grantor of commercially reasonably efforts.

               (d) All of the investment property owned by such Grantor as of
     the date hereof is listed on Schedule I hereto.

               (e) The Assigned Agreements to which such Grantor is a party
     have been duly authorized, executed and delivered by such Grantor and, to
     the knowledge of such Grantor, all other parties thereto, are in full force
     and effect and are binding upon and enforceable against such Grantor and,
     to the knowledge of such Grantor, all other parties thereto in accordance
     with their terms. True and complete copies of all material Assigned
     Agreements have been furnished

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                                       11

     to the Administrative Agent. There exists no default under any material
     Assigned Agreement to which such Grantor is a party by such Grantor and, to
     the knowledge of such Grantor, by all other parties thereto. Each party to
     the Assigned Agreements for which Administrative Agent has requested a
     consent and to which such Grantor is a party, other than the Grantors, has
     executed and delivered to such Grantor a consent, in substantially the form
     of Exhibit C hereto or otherwise in form and substance reasonably
     satisfactory to the Administrative Agent, to the assignment of the
     Agreement Collateral to the Administrative Agent pursuant to this
     Agreement; provided that such consent shall not be required from any party
     if it is not obtained from such party after the exercise by such Grantor of
     commercially reasonable efforts.

               (f) Such Grantor has no Pledged Accounts, Cash Concentration
     Account or other deposit accounts other than the Pledged Accounts and the
     Cash Concentration Account listed on Schedule VI hereto, as such Schedule
     VI may be amended from time to time pursuant to Section 5(d) and Section
     6(c). Such Grantor has instructed all existing Obligors to make all
     payments to a Pledged Account.

               (g) All filings and other actions necessary or desirable to
     perfect and protect the security interest in the Collateral of such Grantor
     created under this Agreement have been duly made or taken and are in full
     force and effect, and this Agreement creates in favor of the Administrative
     Agent for the benefit of the Secured Parties a valid and, together with
     such filings and other actions, perfected first priority security interest
     in the Collateral of such Grantor, securing the payment of the Secured
     Obligations.

               (h) No authorization or approval or other action by, and no
     notice to or filing with, any governmental authority or regulatory body or
     any other third party is required for (i) the grant by such Grantor of the
     assignment, pledge and security interest granted hereunder or for the
     execution, delivery or performance of this Agreement by such Grantor, (ii)
     the perfection or maintenance of the assignment, pledge and security
     interest created hereunder (including the first priority nature of such
     assignment, pledge or security interest), except for (w) the filing of
     financing and continuation statements under the Uniform Commercial Code,
     which financing statements have been, or will be, duly filed and are in
     full force and effect, (x) the recordation of the Intellectual Property
     Security Agreements referred to in Section 13(f) with the U.S. Patent and
     Trademark Office and the U.S. Copyright Office, which Agreements have been,
     or will be, duly recorded and are in full force and effect, (y) the
     execution of the Control Agreements pursuant to this Agreement and (z) the
     recording of the Lien of the Administrative Agent hereunder on the
     certificate of title for any Equipment which is certificate in any state
     (which recording shall not be required for any Equipment with a value of
     less than $50,000), or (iii) for the exercise by the Administrative Agent
     of its rights provided for in this Agreement or the remedies in respect of
     the Collateral pursuant to this Agreement.

               (i) The Inventory that has been produced or distributed by
     such Grantor has been produced in compliance with all requirements of
     applicable law, including, without limitation, the Fair Labor Standards
     Act.

               (j) As to itself and its Intellectual Property Collateral:

                     (i)   To the knowledge of such Grantor, the rights of
          such Grantor in or to the Intellectual Property Collateral do not
          conflict with, misappropriate or infringe upon the intellectual
          property rights of any third party, and no claim has been asserted
          that the use of such Intellectual Property Collateral does or may
          infringe upon the

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                                      12

          intellectual property rights of any third party that could reasonably
          be expected to have a Material Adverse Effect.

                     (ii)  Such Grantor is the owner of the right, title
          and interest in and to the Intellectual Property Collateral and is
          entitled to use all such Intellectual Property Collateral without
          limitation, subject only to the license terms of the Licenses.

                     (iii) The Intellectual Property Collateral set
          forth on Schedule V hereto includes all of the patents, patent
          applications, trademark registrations and applications, copyright
          registrations and applications and Licenses owned by such Grantor.

                     (iv)  Except for immaterial portions thereof, the
          Intellectual Property Collateral is subsisting and has not been
          adjudged invalid or unenforceable in whole or part, and to such
          Grantor's knowledge, is valid and enforceable. Such Grantor is not
          aware of any uses of any material item of Intellectual Property
          Collateral that could be expected to lead to such item becoming
          invalid or unenforceable.

                     (v)   Such Grantor has made or performed all filings,
          recordings and other acts and has paid all required fees and taxes to
          maintain and protect its interest in each and every material item of
          Intellectual Property Collateral in full force and effect throughout
          the world in all jurisdictions reasonably necessary for such Grantor's
          use thereof, and to protect and maintain its interest therein
          including, without limitation, recordations of any of its interests in
          the Patents and Trademarks with the U.S. Patent and Trademark Office
          and in corresponding national and international patent offices, and
          recordation of any of its interests in the Copyrights with the U.S.
          Copyright Office and in corresponding national and international
          copyright offices. Such Grantor has used proper statutory notice in
          connection with its use of each material patent, trademark and
          copyright of the Intellectual Property Collateral.

                     (vi)  No action, suit, investigation, litigation or
          proceeding has been asserted or is pending or, to the knowledge of
          such Grantor, threatened against such Grantor (i) based upon or
          challenging or seeking to deny or restrict the use of any of the
          Intellectual Property Collateral, or (ii) alleging that any services
          provided by, processes used by, or products manufactured or sold by,
          such Grantor infringe upon or misappropriate any patent, trademark,
          copyright or any other proprietary right of any third party except for
          such matters as could not reasonably be expected to have a Material
          Adverse Effect. To the best of such Grantor's knowledge, no Person is
          engaging in any activity that infringes upon or misappropriates the
          Intellectual Property Collateral or upon the rights of such Grantor
          therein except for such matters as could not reasonably be expected to
          have a Material Adverse Effect. Except as set forth on Schedule V
          hereto, such Grantor has not granted any license, release, covenant
          not to sue, non-assertion assurance, or other right to any Person with
          respect to any part of the Intellectual Property Collateral except for
          those that do not interfere in any material respect with the Grantor's
          use thereof.

                     (vii) With respect to each material License: (A) such
          License is valid and binding and in full force and effect and
          represents the entire agreement between the respective licensor and
          licensee with respect to the subject matter of such License; (B) such
          License will not cease to be valid and binding and in full force and
          effect on terms identical to those currently in effect as a result of
          the rights and interest granted herein,

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                                       13

          nor will the grant of such rights and interest constitute a breach or
          default under such License or otherwise give the licensor or licensee
          a right to terminate such License; (C) such Grantor has not received
          any notice of termination or cancellation under such License; (D) such
          Grantor has not received any notice of a breach or default under such
          License, which breach or default has not been cured; (E) such Grantor
          has not granted to any other third party any rights, adverse or
          otherwise, under such License; and (F) neither such Grantor nor any
          other party to such License is in breach or default in any material
          respect, and no event has occurred that, with notice or lapse of time
          or both, would constitute such a breach or default or permit
          termination, modification or acceleration under such License.

                     (viii) To the best of such Grantor's acknowledge
          except for such matters as could not reasonably be expected to have a
          Material Adverse Effect, (A) none of the Trade Secrets of such Grantor
          has been used, divulged, disclosed or appropriated to the detriment of
          such Grantor for the benefit of any other Person other than such
          Grantor; (B) no employee, independent contractor or agent of such
          Grantor has misappropriated any trade secrets of any other Person in
          the course of the performance of his or her duties as an employee,
          independent contractor or agent of such Grantor; and (C) no employee,
          independent contractor or agent of such Grantor is in default or
          breach of any term of any employment agreement, non-disclosure
          agreement, assignment of inventions agreement or similar agreement or
          contract relating in any way to the protection, ownership,
          development, use or transfer of such Grantor's Intellectual Property
          Collateral.

          SECTION 9. FURTHER ASSURANCES. (a)   Each Grantor agrees from time to
time, at its sole expense, to promptly execute and deliver all further
instruments and documents, and take all further action, that may be necessary or
desirable, or that the Administrative Agent may reasonably request, in order to
perfect and protect any pledge, assignment or security interest granted or
purported to be granted hereby or to enable the Administrative Agent to exercise
and enforce its rights and remedies hereunder with respect to any Collateral.
Without limiting the generality of the foregoing, each Grantor will: (i) mark,
at the request of the Administrative Agent, conspicuously each document included
in Inventory, each chattel paper included in Receivables, each Related Contract,
each Assigned Agreement and, at the request of the Administrative Agent, each of
its records pertaining to the Collateral with a legend, in form and substance
satisfactory to the Administrative Agent, indicating that such document, chattel
paper, Related Contract, Assigned Agreement or Collateral is subject to the
security interest granted hereby; (ii) if any Collateral shall be evidenced by a
promissory note or other instrument or chattel paper, deliver and pledge to the
Administrative Agent hereunder such note or instrument or chattel paper duly
indorsed and accompanied by duly executed instruments of transfer or assignment,
all in form and substance satisfactory to the Administrative Agent; (iii)
execute and file such financing or continuation statements, or amendments
thereto, and such other instruments or notices, as may be necessary or
desirable, or as the Administrative Agent may reasonably request, in order to
perfect and preserve the pledge, assignment and security interest granted or
purported to be granted hereby, and (iv) deliver to the Administrative Agent
evidence that all other action that the Administrative Agent may deem reasonably
necessary or desirable in order to perfect and protect the Security interest
created by such Grantor under this Agreement has been taken.

          (b)   Each Grantor hereby authorizes the Administrative Agent to file
one or more financing or continuation statements, and amendments thereto,
relating to all or any part of the Collateral without the signature of such
Grantor where permitted by law. A photocopy or other reproduction of this
Agreement or any financing statement covering the Collateral or any part thereof
shall be sufficient as a financing statement where permitted by law.

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                                       14

          (c) Each Grantor will furnish to the Administrative Agent from time to
time statements and schedules further identifying and describing the Collateral
and such other reports in connection with the Collateral as the Administrative
Agent may reasonably request, all in reasonable detail.

          SECTION 10. AS TO EQUIPMENT AND INVENTORY. (a) Each Grantor will
promptly furnish to the Administrative Agent a statement respecting any loss or
damage exceeding $1,000,000 to any of the Equipment or Inventory of such
Grantor.

          (b) Each Grantor will pay promptly when due all property and other
taxes, assessments and governmental charges or levies imposed upon, and all
claims (including, without limitation, claims for labor, materials and supplies)
against, the Equipment and Inventory of such Grantor, except to the extent
payment thereof is not required by Section 5.01(b) of the Credit Agreement. In
producing its Inventory, each Grantor will comply with all requirements of
applicable law, including, without limitation, the Fair Labor Standards Act.

          SECTION 11. INSURANCE. (a) Each Grantor will, at its own expense,
establish, within 30 days of the Effective Date, and maintain insurance with
respect to the Equipment and Inventory of such Grantor in such amounts, against
such risks, in such form and with such insurers, as shall be reasonably
satisfactory to the Administrative Agent from time to time. Each policy of each
Grantor for liability insurance shall provide for all losses to be paid on
behalf of the Administrative Agent and such Grantor as their interests may
appear, and each policy for property damage insurance shall provide for all
losses (except for losses of less than $500,000 per occurrence) to be paid
directly to the Administrative Agent. Each such policy shall in addition (i)
name such Grantor and the Administrative Agent as insured parties thereunder
(without any representation or warranty by or obligation upon the Administrative
Agent) as their interests may appear, (ii) contain the agreement by the insurer
that any loss thereunder shall be payable to the Administrative Agent
notwithstanding any action, inaction or breach of representation or warranty by
such Grantor, (iii) provide that there shall be no recourse against the
Administrative Agent for payment of premiums or other amounts with respect
thereto and (iv) provide that at least 10 days' prior written notice of
cancellation or of lapse shall be given to the Administrative Agent by the
insurer. Each Grantor will, if so requested by the Administrative Agent, deliver
to the Administrative Agent original or duplicate policies of such insurance
and, as often as the Administrative Agent may reasonably request, a report of a
reputable insurance broker with respect to such insurance. Further, each Grantor
will, at the request of the Administrative Agent, duly execute and deliver
instruments of assignment of such insurance policies to comply with the
requirements of Section 11 and cause the insurers to acknowledge notice of such
assignment.

          (b) Reimbursement under any liability insurance maintained by any
Grantor pursuant to this Section 11 may be paid directly to the Person who shall
have incurred liability covered by such insurance. In case of any loss involving
damage to Equipment or Inventory when subsection (c) of this Section 11 is not
applicable, the applicable Grantor will make or cause to be made the necessary
repairs to or replacements of such Equipment or Inventory, and any proceeds of
insurance properly received by or released to such Grantor shall be used by such
Grantor, except as otherwise required hereunder or by the Credit Agreement, to
pay or as reimbursement for the costs of such repairs or replacements.

          (c) So long as no Event of Default shall have occurred and be
continuing, all insurance payments received by the Administrative Agent in
connection with any loss, damage or destruction of any Inventory or Equipment
will be released by the Administrative Agent to the applicable Grantor, and such
payments may be invested by such Grantor in the business or used to prepay or
retire Debt as permitted under the Credit Agreement within one year following
such release; PROVIDED, HOWEVER, that any portion of such payments that has not
been invested in the business or used to prepay or retire Debt as permitted
under the Credit Agreement within such one-year period shall (i) be deemed to be
Net Cash Proceeds

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                                       15

occurring on the last day of such one-year period and (ii) be applied to the
prepayment of Advances in accordance with Section 2.06(b)(ii) of the Credit
Agreement; PROVIDED FURTHER that, for purposes of the preceding PROVISO, such
one-year period shall be extended by up to six months from the last day of such
one-year period so long as (A) such payments are to be invested in the business
or used to prepay or retire Debt as permitted under the Credit Agreement within
such additional six-month period under the U.S. Borrower's or any of its
Restricted Subsidiaries' business plan as most recently adopted in good faith by
its board of directors and (B) such Person believes in good faith that such
proceeds will be so reinvested within such additional six-month period. Upon the
occurrence and during the continuance of any Event of Default, all insurance
payments in respect of such Equipment or Inventory shall be paid to the
Administrative Agent and shall, in the Administrative Agent's sole discretion,
(i) be released to the applicable Grantor to be applied as set forth in the
first sentence of this subsection (c) or (ii) be held as additional Collateral
hereunder or applied as specified in Section 20(d).

          SECTION 12. PLACE OF PERFECTION; RECORDS; COLLECTION OF RECEIVABLES.
(a) Each Grantor will keep its jurisdiction of organization, and originals of
the Assigned Agreements, and Related Contracts to which such Grantor is a party
and all originals of all chattel paper that evidence Receivables of such
Grantor, at the location therefor specified in Section 8(a) or, upon 30 days'
prior written notice to the Administrative Agent, at such other location in a
jurisdiction where all actions required by Section 9 shall have been taken with
respect to the Collateral of such Grantor (and, upon the taking of such action
in such jurisdiction, Schedule IV hereto shall be automatically amended to
include such other location). Each Grantor will hold and preserve its records
relating to the Collateral, the Assigned Agreements, the Related Contracts and
chattel paper and will permit representatives of the Administrative Agent at any
time during normal business hours and upon reasonable notice to inspect and make
abstracts from such records and other documents.

          (b) Except as otherwise provided in this subsection (b), each Grantor
will continue to collect, at its own expense, all amounts due or to become due
such Grantor under the Receivables and the Related Contracts. In connection with
such collections, such Grantor may take (and, at the Administrative Agent's
direction, will take) such action as such Grantor or the Administrative Agent
may deem necessary or advisable to enforce collection of the Receivables and the
Related Contracts; PROVIDED, HOWEVER, that the Administrative Agent shall have
the right at any time, upon the occurrence and during the continuance of a
Default under Section 7.01(a) or (f) of the Credit Agreement, or upon the
occurrence of Event of Default, in its sole discretion and upon written notice
to such Grantor of its intention to do so, to notify the Obligors under any
Receivables or Related Contracts of the assignment of such Receivables or
Related Contracts to the Administrative Agent and to direct such Obligors to
make payment of all amounts due or to become due to such Grantor thereunder
directly to the Administrative Agent and, upon such notification and at the
expense of such Grantor, to enforce collection of any such Receivables or
Related Contracts, and to adjust, settle or compromise the amount or payment
thereof, in the same manner and to the same extent as such Grantor might have
done. After receipt by any Grantor of the notice from the Administrative Agent
referred to in the proviso to the preceding sentence, (i) all amounts and
proceeds (including instruments) received by such Grantor in respect of the
Receivables and the Related Contracts of such Grantor shall be received in trust
for the benefit of the Administrative Agent hereunder, shall be segregated from
other funds of such Grantor and shall be forthwith paid over to the
Administrative Agent in the same form as so received (with any necessary
indorsement) to be deposited in the Collateral Account and either (A) released
to such Grantor on the terms set forth in Section 5(f) so long as no Event of
Default shall have occurred and be continuing or (B) if any Event of Default
shall have occurred and be continuing, applied as provided in Section 20(d) and
(ii) such Grantor will not adjust, settle or compromise the amount or payment of
any Receivable, release wholly or partly any Obligor thereof, or allow any
credit or discount thereon without the consent of the Administrative Agent. Upon
the occurrence and during the continuance of a Default under Section 7.01(a) or
(f) of the Credit Agreement, or upon the occurrence of Event of Default, no
Grantor will permit or consent to the

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                                       16

subordination of its right to payment under any of the Receivables or the
Related Contracts to any other indebtedness or obligations of the Obligor
thereof.

          SECTION 13. AS TO INTELLECTUAL PROPERTY COLLATERAL. (a) With respect
to each material item of its Intellectual Property Collateral, each Grantor
agrees to take, at its expense, all necessary steps, including, without
limitation, in the U.S. Patent and Trademark Office, the U.S. Copyright Office
and any other governmental authority, to (i) maintain the validity and
enforceability of each such item of Intellectual Property Collateral and
maintain each such item of Intellectual Property Collateral in full force and
effect, and (ii) pursue the registration and maintenance of each such patent,
trademark, or copyright registration or application, now or hereafter included
in the Intellectual Property Collateral of such Grantor, including, without
limitation, the payment of required fees and taxes, the filing of responses to
office actions issued by the U.S. Patent and Trademark Office, the U.S.
Copyright Office or other governmental authorities, the filing of applications
for renewal or extension, the filing of affidavits under Sections 8 and 15 of
the U.S. Trademark Act, the filing of divisional, continuation,
continuation-in-part, reissue and renewal applications or extensions, the
payment of maintenance fees and the participation in interference,
reexamination, opposition, cancellation, infringement and misappropriation
proceedings. No Grantor shall, without the written consent of the Administrative
Agent, discontinue use of or otherwise abandon any Intellectual Property
Collateral, or abandon any right to file an application for letters patent,
trademark, or copyright, unless such Grantor shall have previously determined
that such use or the pursuit or maintenance of such Intellectual Property
Collateral is no longer desirable in the conduct of such Grantor's business and
that the loss thereof would not be reasonably likely to have a Material Adverse
Effect, in which case such Grantor will give prompt notice of any such
abandonment of any material Intellectual Property Collateral to the
Administrative Agent.

          (b) Each Grantor agrees promptly to notify the Administrative Agent if
such Grantor learns (i) that any material item of the Intellectual Property
Collateral may have become abandoned, placed in the public domain, invalid or
unenforceable, or of any adverse determination or development regarding such
Grantor's ownership of any of the Intellectual Property Collateral or its right
to register the same or to keep and maintain and enforce the same, or (ii) of
any adverse determination or the institution of any proceeding (including,
without limitation, the institution of any proceeding in the U.S. Patent and
Trademark Office or any court) regarding any material item of the Intellectual
Property Collateral.

          (c) In the event that any Grantor becomes aware that any material item
of the Intellectual Property Collateral is being infringed or misappropriated by
a third party, such Grantor shall promptly notify the Administrative Agent and
shall take such actions, at its expense, as such Grantor or the Administrative
Agent deems reasonable and appropriate under the circumstances to protect such
Intellectual Property Collateral, including, without limitation, suing for
infringement or misappropriation and for an injunction against such infringement
or misappropriation.

          (d) Each Grantor shall use proper statutory notice in connection with
its use of each material item of its Intellectual Property Collateral. No
Grantor shall do or permit any act or knowingly omit to do any act whereby any
of its Intellectual Property Collateral may lapse or become invalid or
unenforceable or placed in the public domain.

          (e) Each Grantor shall take all steps which it or the Administrative
Agent deems reasonable and appropriate under the circumstances to preserve and
protect each material item of its Intellectual Property Collateral, including,
without limitation, maintaining the quality of any and all products or services
used or provided in connection with any of the Trademarks, consistent with the
quality of the products and services as of the date hereof, and taking all steps
necessary to ensure that all licensed users of any of the Trademarks use such
consistent standards of quality.

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                                       17

          (f) With respect to its Intellectual Property Collateral, each Grantor
agrees to execute an agreement, in substantially the form set forth in Exhibit E
hereto (an "INTELLECTUAL PROPERTY SECURITY AGREEMENT"), for recording the
security interest granted hereunder to the Administrative Agent in such
Intellectual Property Collateral with the U.S. Patent and Trademark Office, the
U.S. Copyright Office and any other governmental authorities necessary to
perfect the security interest hereunder in such Intellectual Property
Collateral.

          (g) Subject to Section 5.02(a)(vi), (vii) or (x) of the Credit
Agreement, each Grantor agrees that, should it obtain an ownership interest in
any material item of the type set forth in Section 1(g) which is not on the date
hereof a part of the Intellectual Property Collateral (the "AFTER-ACQUIRED
INTELLECTUAL PROPERTY"), (i) the provisions of Section 1 shall automatically
apply thereto, (ii) any such After-Acquired Intellectual Property and, in the
case of trademarks, the goodwill of the business connected therewith or
symbolized thereby, shall automatically become part of the Intellectual Property
Collateral subject to the terms and conditions of this Agreement with respect
thereto, (iii) such Grantor shall give prompt written notice thereof to the
Administrative Agent in accordance herewith and (iv) such Grantor shall execute
and deliver to the Administrative Agent an IP Security Agreement Supplement
covering such After-Acquired Intellectual Property as "Additional Collateral"
thereunder and as defined therein, and shall record such IP Security Agreement
Supplement with the U.S. Patent and Trademark Office, the U.S. Copyright Office
and any other governmental authorities necessary to perfect the security
interest hereunder in such After-Acquired Intellectual Property.

          SECTION 14. AS TO THE ASSIGNED AGREEMENTS. (a) Each Grantor will at
its expense:

                     (i)   perform and observe all terms and provisions of the
     Assigned Agreements to be performed or observed by it, maintain the
     Assigned Agreements to which it is a party in full force and effect,
     enforce the Assigned Agreements to which it is a party in accordance with
     the terms thereof and take all such action to such end as may be reasonably
     requested from time to time by the Administrative Agent; and

                     (ii)  Upon the Administrative Agent's reasonable request,
     furnish to the Administrative Agent promptly upon receipt thereof copies of
     all notices, requests and other documents received by such Grantor under or
     pursuant to the Assigned Agreements to which it is a party, and from time
     to time (A) furnish to the Administrative Agent such information and
     reports regarding the Assigned Agreements and such other Collateral of such
     Grantor as the Administrative Agent may reasonably request and (B) upon
     request of the Administrative Agent make to each other party to any
     Assigned Agreement to which it is a party such demands and requests for
     information and reports or for action as such Grantor is entitled to make
     thereunder.

          (b) Each Grantor agrees that it will not, unless a Default under
Section 7.01(a) or (f) of the Credit Agreement has occurred and is continuing or
an Event of Default has occurred and except to the extent otherwise permitted
under the Credit Agreement:

                     (i)   cancel or terminate any Assigned Agreement to which
     it is a party or consent to or accept any cancellation or termination
     thereof;

                     (ii)  amend, amend and restate, supplement or otherwise
     modify any such Assigned Agreement or give any consent, waiver or
     approval thereunder;

                     (iii) waive any default under or breach of any such
     Assigned Agreement; or

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                                      18

                     (iv) take any other action in connection with any such
     Assigned Agreement that would impair the value of the interests or rights
     of such Grantor thereunder or that would impair the interests or rights
     of any Secured Party.

          (c) Each Grantor hereby consents on its behalf and on behalf of its
Subsidiaries to the assignment and pledge to the Administrative Agent for
benefit of the Secured Parties of each Assigned Agreement to which it is a
party by any other Grantor hereunder.

          SECTION 15. PAYMENTS UNDER THE ASSIGNED AGREEMENTS. (a) Each Grantor
agrees, and has effectively so instructed each other party to each Assigned
Agreement to which it is a party, that all payments due or to become due under
or in connection with such Assigned Agreement will be made directly to a
Pledged Account.

          (b) All moneys received or collected pursuant to subsection (a)
above shall be (i) released to the applicable Grantor on the terms set forth
in Section 5(f) so long as no Default under Section 7.01(a) or (f) of the
Credit Agreement or Event of Default shall have occurred and be continuing or
(ii) if any Default under Section 7.01(a) or (f) of the Credit Agreement or
Event of Default shall have occurred and be continuing, applied as provided in
Section 20(d).

          SECTION 16. TRANSFERS AND OTHER LIENS. No Grantor shall (i) convey,
transfer, sell, assign (by operation of law or otherwise) or otherwise dispose
of, or grant any option or other right to purchase or otherwise acquire, any
of the Collateral, except for such conveyances, sales, transfers, assignments
and dispositions that are expressly permitted under the Loan Documents, or
(ii) create, incur, assume or suffer to exist any Lien upon or with respect to
any of the Collateral except for the pledge, assignment and security interest
created or otherwise expressly permitted under the terms of the Loan
Documents.

          SECTION 17. ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT. Each
Grantor hereby irrevocably appoints the Administrative Agent such Grantor's
attorney-in-fact, with full authority in the place and stead of such Grantor
and in the name of such Grantor or otherwise, from time to time in the
Administrative Agent's discretion following the occurrence and continuance of
a Default under Section 7.01(a) or 7.01(f) or an Event of Default, to take any
action and to execute any instrument that the Administrative Agent may deem
necessary or advisable to accomplish the purposes of this Agreement and the
other Loan Documents, including, without limitation:

          (a) to obtain and adjust insurance required to be paid to the
Administrative Agent pursuant to Section 11,

          (b) to ask for, demand, collect, sue for, recover, compromise,
receive and give acquittance and receipts for moneys due and to become due
under or in respect of any of the Collateral,

          (c) to receive, indorse, assign and collect any drafts, acceptances,
instruments, chattel paper and other documents in connection with this
Agreement and give full discharge to same,

          (d) to sell, transfer, assign or otherwise deal with the Collateral
or any part thereof in the same manner and to the same extent as if the
Administrative Agent were the absolute owner thereof,

          (e) (i) to direct any Person liable to such Grantor for any payment
with respect to its Collateral to make payment of any and all moneys due and
to become due thereunder directly to the Administrative Agent or as the
Administrative Agent shall direct, (ii) to receive payment of and receipt for
any and all moneys, claims and other amounts due and to become due at any time
in respect of or arising out of any of its Collateral, (iii) to defend any
action, suit or proceeding brought against such

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                                      19

Grantor with respect to any of its Collateral and (iv) to settle, compromise or
adjust any action, suit or proceeding described in clause (iii) of this Section
17(e) and, in connection therewith, to give any such discharge or release as the
Administrative Agent may deem appropriate,

          (f) to file any application, petition or other request with any
governmental authority for the purpose of obtaining any consent, approval or
authorization therefrom or satisfying any registration, filing, notice or other
requirement thereof necessary in order to fully and properly effect the sale,
transfer or other disposition of any or all of its Collateral, and

          (g) to file any claims or take any action or institute any proceedings
at the sole expense of such Grantor that the Administrative Agent may deem
necessary or desirable for the collection of any of the Collateral or otherwise
to enforce compliance with the terms and conditions of any Assigned Agreement or
the rights of the Administrative Agent with respect to any of the Collateral.

          SECTION 18. ADMINISTRATIVE AGENT MAY PERFORM. If any Grantor fails to
perform any agreement contained herein, the Administrative Agent may as the
Administrative Agent deems necessary but without any obligation to do so and
without notice, itself perform, or cause performance of, such agreement, and the
expenses of the Administrative Agent incurred in connection therewith shall be
payable by such Grantor under Section 21(b).

          SECTION 19. THE ADMINISTRATIVE AGENT'S DUTIES. (a) The powers
conferred to the Administrative Agent hereunder are solely to protect its
interest (and the interest of the other Secured Parties) in the Collateral and
shall not impose any duty upon it to exercise any such powers. Except for the
safe custody of any Collateral in its possession and the accounting for moneys
actually received by it hereunder and to dispose of the Collateral in a
commercially reasonable manner, the Administrative Agent shall have no duty as
to any Collateral, as to the taking of any necessary steps to preserve rights
against any parties or any other rights pertaining to any Collateral, whether or
not any Secured Party has or is deemed to have knowledge of such matters. The
Administrative Agent shall be deemed to have exercised reasonable care in the
custody and preservation of any Collateral in its possession if such Collateral
is accorded treatment substantially equal to that which the Administrative Agent
accords its own property.

          (b) Anything contained herein to the contrary notwithstanding, the
Administrative Agent may from time to time, when the Administrative Agent deems
it to be necessary, appoint one or more subagents (each a "SUBAGENT") for the
Administrative Agent hereunder with respect to all or any part of the
Collateral. In the event that the Administrative Agent so appoints any Subagent
with respect to any Collateral, (i) the assignment and pledge of such Collateral
and the security interest granted in such Collateral by each Grantor hereunder
shall be deemed for purposes of this Security Agreement to have been made to
such Subagent, in addition to the Administrative Agent, for the ratable benefit
of the Secured Parties, as security for the Secured Obligations of such Grantor,
(ii) such Subagent shall automatically be vested, in addition to the
Administrative Agent, with all rights, powers, privileges, interests and
remedies of the Administrative Agent hereunder with respect to such Collateral,
and (iii) the term "Administrative Agent," when used herein in relation to any
rights, powers, privileges, interests and remedies of the Administrative Agent
with respect to such Collateral, shall include such Subagent; PROVIDED, HOWEVER,
that no such Subagent shall be authorized to take any action with respect to any
such Collateral unless and except to the extent expressly authorized in writing
by the Administrative Agent.

          SECTION 20. REMEDIES. If any Event of Default shall have occurred and
be continuing:

          (a) The Administrative Agent may exercise in respect of the
Collateral, in addition to other rights and remedies provided for herein or
otherwise available to it, all the rights and remedies of a

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                                       20

secured party upon default under the N.Y. Uniform Commercial Code (whether or
not the N.Y. Uniform Commercial Code applies to the affected Collateral) and
also may: (i) require each Grantor to, and each Grantor hereby agrees that it
will at its sole expense and upon request of the Administrative Agent forthwith,
assemble all or part of the Collateral as directed by the Administrative Agent
and make it available to the Administrative Agent at a place and time to be
designated by the Administrative Agent that is reasonably convenient to both
parties; (ii) without notice except as specified below, sell the Collateral or
any part thereof in one or more parcels at public or private sale, at any of the
Administrative Agent's offices or elsewhere, for cash, on credit or for future
delivery, and upon such other terms as the Administrative Agent may deem
commercially reasonable; (iii) occupy any premises owned or leased by any of the
Grantors where the Collateral or any part thereof is assembled or located for a
reasonable period in order to effectuate its rights and remedies hereunder or
under law, without obligation to such Grantor in respect of such occupation; and
(iv) exercise any and all rights and remedies of any of the Grantors under or in
connection with the Assigned Agreements, the Receivables and the Related
Contracts or otherwise in respect of the Collateral, including, without
limitation, any and all rights of such Grantor to demand or otherwise require
payment of any amount under, or performance of any provision of, the Assigned
Agreements, the Receivables and the Related Contracts. Each Grantor agrees that,
to the extent notice of sale shall be required by law, at least ten days' notice
to such Grantor of the time and place of any public sale or the time after which
any private sale is to be made shall constitute reasonable notification. The
Administrative Agent shall not be obligated to make any sale of Collateral
regardless of notice of sale having been given. The Administrative Agent may
adjourn any public or private sale from time to time by announcement at the time
and place fixed therefor, and such sale may, without further notice, be made at
the time and place to which it was so adjourned.

          (b) Each purchaser of all or any part of the Collateral at any such
sale that has been made in accordance with applicable law shall hold the
property sold absolutely free from any claim, encumbrance or other right on the
part of each of the Grantors, and each of the Grantors hereby waives, to the
fullest extent permitted by applicable law, all rights of stay and/or appraisal
that it now has or may at any time in the future have under any applicable law
now existing or hereafter enacted with respect to any such sale.

          (c) All proofs of claim, rights of action and rights to assert claims
under this Agreement or any of the other Collateral Documents to which any
Grantor is or is to be a party may be enforced by the Administrative Agent
without the possession of any of the Notes at any proceeding instituted by the
Administrative Agent, and any such proceeding may be brought in its own name as
agent, and any recovery or judgment shall be for the benefit of the Secured
Parties. In any proceeding brought by the Administrative Agent (and in any
proceeding involving the interpretation of any of the provisions of any of the
Collateral Documents to which such Grantor is a party), the Administrative Agent
shall be held to represent all of the Secured Parties, and it shall not be
necessary to make any of the other Secured Parties party to such proceeding.

          (d) All cash held by or on behalf of the Administrative Agent and all
cash proceeds received by or on behalf of the Administrative Agent in respect of
any sale of, collection from, or other realization upon all or any part of the
Collateral may, in the discretion of the Administrative Agent, be held by the
Administrative Agent as collateral for, and/or then or at any time thereafter
applied (after payment of any amounts payable to the Administrative Agent
pursuant to Section 21(b)) in whole or in part by the Administrative Agent, for
the ratable benefit of the Secured Parties, against all or any part of the
Secured Obligations, in such order as the Administrative Agent shall elect. In
determining the amounts owing to the Hedge Banks under the Bank Hedge
Agreements, the Administrative Agent shall be entitled to rely, and be fully
protected in relying, upon the Agreement Values (as hereinafter defined) of the
Bank Hedge Agreements. The term "Agreement Value" means, with respect to any of
the Bank Hedge Agreements at any date of determination, the amount, if any, that
would be payable to the Hedge

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                                       21

Bank party to such Bank Hedge Agreement in respect of any "AGREEMENT VALUE"
under such Bank Hedge Agreement if such Bank Hedge Agreement were terminated on
such date, calculated as provided in the International Swap Dealers Association,
Inc. Code of Standard Wording, Assumptions and Provisions for Swaps, 1986
Edition. Each determination of the Agreement Value of any of the Bank Hedge
Agreements shall be made by the Administrative Agent in good faith and in
reliance on any information (including information provided by such Hedge Bank)
that it believes to be accurate, but without any obligation to verify such
information. Any surplus of cash or cash proceeds held by or on behalf of the
Administrative Agent in accordance with this Section 20 and remaining after
payment in full in cash of all of the Secured Obligations and all of the other
Obligations of the Loan Parties owing under or in respect of the Loan Documents
shall be paid over to the Grantors or to whomsoever may be lawfully entitled to
receive such surplus.

          (e) The Administrative Agent may exercise any and all rights and
remedies of any of the Grantors in respect of the Collateral (including, without
limitation, any and all rights of any such Grantor to demand or otherwise
require payment of any amount under, or performance of any provision of any
Collateral).

          (f) Except as otherwise permitted by this Agreement, all payments
received by any of the Grantors under, in connection with any Assigned
Agreement, or otherwise in respect of, any of the Collateral shall be received
and held by such Grantor in trust for the benefit of the Administrative Agent,
shall be segregated from the other property and funds of such Grantor and shall
be delivered forthwith to the Administrative Agent in the same form as so
received (with any necessary endorsement or assignment).

          (g) In the event of any sale or other disposition of any of the
Intellectual Property Collateral of any Grantor, the goodwill of the business
connected with and symbolized by any Trademarks subject to such sale or other
disposition shall be included therein, and such Grantor shall supply to the
Administrative Agent or its designee such Grantor's know-how and expertise, and
documents and things relating to any Intellectual Property Collateral subject to
such sale or other disposition, and such Grantor's customer lists and other
records and documents relating to such Intellectual Property Collateral and to
the manufacture, distribution, advertising and sale of products and services of
such Grantor.

          SECTION 21. INDEMNITY AND EXPENSES. (a) Without limiting any of the
provisions of Section 9.04 of the Credit Agreement, each Grantor agrees to
indemnify the Administrative Agent from and against any and all claims, damages,
expenses, losses and liabilities growing out of or resulting from this Agreement
(including, without limitation, enforcement of this Agreement), except claims,
damages, expenses, losses or liabilities resulting from the Administrative
Agent's gross negligence or willful misconduct as determined by a final,
non-appealable judgment of a court of competent jurisdiction.

          (b) Without limiting any of the provisions of Section 9.04 of the
Credit Agreement, each Grantor will upon demand pay to the Administrative Agent
the amount of any and all reasonable expenses, including without limitation the
reasonable fees and expenses of its counsel and of any experts and agents, that
the Administrative Agent may incur in connection with (i) the administration of
this Agreement, (ii) the custody, preservation, use or operation of, or the sale
of, collection from or other realization upon, any of the Collateral, (iii) the
exercise or enforcement of any of the rights of the Administrative Agent or the
Lenders hereunder or (iv) the failure by such Grantor to perform or observe any
of the provisions hereof.

          (c) Without prejudice to the survival of any of the other agreements
of any of the Grantors under this Agreement or any of the other Loan Documents,
the agreements and obligations of

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                                       22

each of the Grantors contained in this Section 21 and in Section 26 shall
survive the payment in full of all of the Secured Obligations and all of the
other Obligations of any of the Grantors owing under or in respect of the Loan
Documents.

          SECTION 22. AMENDMENTS; WAIVERS; ADDITIONAL GRANTORS; ETC. (a) No
amendment or waiver of any provision of this Agreement, and no consent to any
departure by any Grantor herefrom, shall in any event be effective unless the
same shall be in writing and signed by the Administrative Agent, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given. No failure on the part of the Administrative
Agent to exercise, and no delay in exercising any right hereunder, shall operate
as a waiver thereof; nor shall any single or partial exercise of any such right
preclude any other or further exercise thereof or the exercise of any other
right.

          (b) Upon the execution and delivery by any Person of a supplement to
this Agreement (whether pursuant to Section 5.01(k) of the Credit Agreement or
otherwise), in each case in substantially the form of Exhibit A hereto (each a
"SECURITY AGREEMENT SUPPLEMENT"), (i) such Person if it is not then a Grantor
hereunder, shall be referred to as an "ADDITIONAL GRANTOR" and shall be and
become a Grantor , and each reference in this Agreement to an "Additional
Grantor" or a "Grantor" shall also mean and be a reference to such Additional
Grantor and each reference in any of the other Loan Documents to a "Grantor" or
a "Loan Party" shall also mean and be a reference to such Additional Grantor,
(ii) the supplements attached to each of the Security Agreement Supplements
shall be incorporated into and become a part of and supplement the Schedules to
this Agreement, as appropriate, and the Administrative Agent may attach such
supplements to such Schedules, and each reference to such Schedules shall mean
and be a reference to such Schedules, as supplemented pursuant hereto, and (iii)
the assignment, pledge and grant of security interest contained in such Security
Agreement Supplement shall, as to such Grantor, operate as the assignment,
pledge and grant of security interest, as if such assignment, pledge and grant
were contained in Section 1 hereof and such Grantor was a signatory hereto.

          SECTION 23. NOTICES; ETC. All notices and other communications
provided for hereunder shall be in writing (including telecopier, telegraphic,
telex or cable communication) and, mailed, telegraphed, telecopied, telexed,
cabled or delivered to any Grantor or the Administrative Agent as the case may
be and addressed to it at its address set forth opposite its name on the
signature pages hereto, or to any other Grantor addressed to it at its address
set forth beneath the name of such other Grantor on the signature pages of the
Security Agreement Supplement pursuant to which it became a party hereto, or, as
to any party, at such other address as shall be designated, in the case of the
Administrative Agent, by the Administrative Agent in a written notice to the
U.S. Borrower, and in the case of the U.S. Borrower or any other Grantor, by the
U.S. Borrower or such other Grantor in a written notice to the Administrative
Agent, in each case complying as to delivery with the terms of this Section. All
such notices and other communications shall, when mailed, telecopied,
telegraphed, telexed or cabled, respectively, be effective when deposited in the
mails, telecopied, delivered to the telegraph company, confirmed by telex
answerback or delivered to the cable company, respectively, addressed as
aforesaid. Delivery by telecopier of an executed counterpart of any amendment or
waiver of any provision of this Agreement or of any Security Agreement
Supplement or Schedule hereto shall be effective as delivery of an original
executed counterpart thereof.

          SECTION 24. CONTINUING SECURITY INTEREST; ASSIGNMENTS UNDER THE CREDIT
AGREEMENT. This Agreement shall create a continuing security interest in the
Collateral and shall (a) remain in full force and effect until the later of the
payment in full in cash of the Secured Obligations, the expiration or
termination of all Letters of Credit and Bank Hedge Agreements and the
Termination Date, (b) be binding upon each Grantor, its successors and assigns
and (c) inure, together with the rights and remedies of the Administrative Agent
hereunder, to the benefit of the Administrative Agent and each of the other
Secured Parties and their respective successors, transferees and assigns.
Without limiting the generality of the

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                                       23

foregoing clause (c), any Lender Party may assign or otherwise transfer all or
any portion of its rights and obligations under the Credit Agreement (including,
without limitation, all or any portion of its Commitment, the Advances owing to
it and the Note or Notes held by it) to any other Person, and such other Person
shall thereupon become vested with all the benefits in respect thereof granted
to such Lender herein or otherwise, subject, in each case, to the provisions of
Section 9.07 of the Credit Agreement.

          SECTION 25. RELEASE; TERMINATION. (a) Upon the sale, transfer or other
disposition of any item of Collateral in accordance with Section 5.02(d) of the
Credit Agreement and the other terms of the Loan Documents, the Administrative
Agent will, at the applicable Grantor's expense, execute and deliver to such
Grantor such documents as such Grantor shall reasonably request to evidence the
release of such item of Collateral from the pledge and security interest granted
hereunder; PROVIDED, HOWEVER, that:

                     (i)   at the time of and after giving PRO FORMA effect to
     such request and release, no Default shall have occurred and be
     continuing;

                    (ii)   such Grantor shall have delivered to the
     Administrative Agent, at least five Business Days prior to the date of
     the proposed release, a written request for release describing the item
     of Collateral and the terms of the sale, transfer or other disposition in
     reasonable detail, including the price thereof and any expenses in
     connection therewith, together with a form of release for execution by
     the Administrative Agent and a certification by such Grantor to the
     effect that the subject transaction is in compliance with the Loan
     Documents and as to such other matters as the Administrative Agent may
     reasonably request; and

                    (iii)  the Net Cash Proceeds of any such sale, transfer or
     other disposition shall be applied to prepay the Advances outstanding at
     such time in accordance with, and to the extent required under, Section
     2.06(b) of the Credit Agreement.

          (b) Upon the later of the payment in full in cash of the Secured
Obligations, the termination or expiration of all Letters of Credit and Bank
Hedge Agreements and the Termination Date, the pledge, assignment and security
interest granted hereby shall terminate and all rights to the Collateral shall
revert to the Grantors. Upon any such termination, the Administrative Agent
will, at each Grantor's sole expense, return to such Grantor such Collateral
of such Grantor in the Administrative Agent's possession as shall not have
been sold or otherwise applied pursuant to the terms of the Loan Documents,
and will execute and deliver to such Grantor such documents as such Grantor
shall reasonably request to evidence such termination and revision.

          SECTION 26. SECURITY INTEREST ABSOLUTE. (a) The Obligations of each
Grantor under this Agreement are independent of any of the other Obligations
of any of the other Loan Parties under or in respect of the Loan Documents,
and a separate action or actions may be brought or prosecuted against each of
the Grantors to enforce this Agreement and the pledge, assignment and security
interest granted by such Grantor hereunder, irrespective of whether any action
is brought against any of the other Loan Parties or whether any of the other
Loan Parties is joined in any such action or actions. All rights of the
Administrative Agent and the other Secured Parties and the pledges,
assignments and security interests created hereunder, and all obligations of
each of the Grantors hereunder, shall be absolute, unconditional and
irrevocable irrespective of, and each of the Grantors hereby irrevocably
waives any defenses it may now have or may hereafter acquire in any way
relating to, any or all of the circumstances described in Section 6.02 of the
Credit Agreement or Section 2 of the Subsidiaries Guarantee or any other
circumstance that might constitute a defense available to, or a discharge of,
any of the Grantors or the other Loan Parties.

<Page>

                                      24

          (b) This Agreement shall continue to be effective or be reinstated,
as the case may be, if at any time any payment of any of the Secured
Obligations is rescinded or must otherwise be returned by the Administrative
Agent or any of the other Secured Parties or by any other Person upon the
insolvency, bankruptcy or reorganization of any of the Grantors or otherwise,
all as though such payment had not been made, and each of the Grantors hereby
unconditionally and irrevocably agrees that it will indemnify the
Administrative Agent and each of the other Secured Parties, upon demand, for
all of the costs and expenses (including, without limitation, reasonable fees
and expenses of counsel) incurred by the Administrative Agent or such other
Secured Party in connection with such rescission or restoration, including any
such costs and expenses incurred in defending against any claim alleging that
such payment constituted a preference, a fraudulent transfer or a similar
payment under any bankruptcy, insolvency or similar law.

          SECTION 27. SEVERABILITY. The provisions of this Agreement are
severable, and if any term or provision shall be held illegal, invalid or
unenforceable in whole or in part in any jurisdiction, then such illegality,
invalidity or unenforceability shall affect only such term or provision, or
part thereof, in such jurisdiction, and shall not in any manner affect such
term or provision in any other jurisdiction, or any other term or provision of
this Agreement in any jurisdiction.

          SECTION 28. EXECUTION IN COUNTERPARTS. This Agreement may be
executed in any number of counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute
one and the same agreement. Delivery of an executed counterpart of a signature
page to this Agreement by telecopier shall be effective as delivery of an
original executed counterpart of this Agreement.

          SECTION 29. THE MORTGAGES. In the event that any of the Collateral
hereunder is also subject to a valid and enforceable Lien under the terms of
any Mortgage and the terms of such Mortgage are inconsistent with the terms of
this Agreement, then with respect to such Collateral, the terms of such
Mortgage shall be controlling in the case of fixtures and real estate leases,
letting and licenses of, and contracts and agreements relating to the lease
of, real property, and the terms of this Agreement shall be controlling in the
case of all other Collateral.

          SECTION 30. GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, except to the
extent that the perfection and the effect of perfection of the security
interest hereunder, or remedies hereunder, in respect of any particular
Collateral, pursuant to the laws of the State of New York, are governed by the
laws of a jurisdiction other than the State of New York. Unless otherwise
defined herein or in the Credit Agreement, terms used in Articles 8 and 9 of
the N.Y. Uniform Commercial Code are used herein as therein defined.

<Page>

                                      25

          IN WITNESS WHEREOF, each Grantor has caused this Agreement to be
duly executed and delivered by its officer thereunto duly authorized as of the
date first above written.

                                ACCURIDE CORPORATION

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE TEXAS, INC.

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

<Page>

                                     26

                                ACCURIDE VENTURES, INC.

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE KENTUCKY HOLDING
                                COMPANY

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE CUYAHOGA FALLS, INC.

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

                                Address: P.O. Box 15600
                                         7140 Office Circle

<Page>

                                      27

                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE TENNESSEE HOLDING
                                COMPANY

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE HENDERSON FACILITIES
                                MANAGEMENT CORPORATION

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

<Page>

                                     28

                                ACCURIDE HENDERSON LIMITED
                                LIABILITY COMPANY

                                     By: ACCURIDE HENDERSON
                                         FACILITIES MANAGEMENT
                                         CORPORATION
                                         as Member

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

                                     By: ACCURIDE VENTURES, INC.
                                         as Member

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                ACCURIDE COLUMBIA FACILITIES
                                MANAGEMENT CORPORATION

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

<Page>

                                       29

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

<Page>

                                       30

                                ACCURIDE COLUMBIA GENERAL
                                PARTNERSHIP

                                     By: ACCURIDE VENTURES, INC.,
                                         its General Partner

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

                                AKW L.P.

                                     By: AKW GENERAL PARTNER L.L.C.
                                         as General Partner

                                     By: ACCURIDE VENTURES, INC.,
                                         as Member

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

                                     By: ACCURIDE CORPORATION,
                                         as Member

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

<Page>

                                       31

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

<Page>

                                     32

                                ACCURIDE GENERAL PARTNERSHIP
                                L.L.C

                                     By: ACCURIDE VENTURES, INC.,
                                         as Member

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

                                     By: ACCURIDE CORPORATION,
                                         as Member

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

                                Address: P.O. Box 15600
                                         7140 Office Circle
                                         Evansville, IN  47716
                                         Attn:  Office of General Counsel

                                WITH A COPY TO:

                                Address: KKR
                                         2800 Sand Hill Road, Suite 200
                                         Menlo Park, CA  94205
                                         Attn:  Fred Goltz

<Page>

                                                             SCHEDULE I TO THE
                                                            SECURITY AGREEMENT

                               INVESTMENT PROPERTY

<Table>
<Caption>

-------------------------------------------------------------------------------------------------------------------------------
                               Name &  Address                    Name & Address                             Account
Grantor                        of Investment                      of Investment Representative               Number
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                                <C>                                        <C>
Accuride Corporation           Nations Funds                      Banc of America Securities LLC             878283
                               P. O. Box 34602                    233 S. Wacker Dr. - 27th Floor
                               Charlotte, NC  28254-4602          Chicago, IL  60697-6306
-------------------------------------------------------------------------------------------------------------------------------

</Table>

<Page>

                                                            SCHEDULE II TO THE
                                                            SECURITY AGREEMENT

                              INTENTIONALLY OMITTED

<Page>

                                                           SCHEDULE III TO THE
                                                            SECURITY AGREEMENT

                      LOCATIONS OF EQUIPMENT AND INVENTORY

<Table>
<Caption>

-----------------------------------------------------------------------------------------------------------------
Grantor                         Location of Equipment                        Location of Inventory
-----------------------------------------------------------------------------------------------------------------
<S>                             <C>                                          <C>
Accuride Corporation            2315 Adams Lane                              2315 Adams Lane
                                Henderson, KY                                Henderson, KY

                                7140 Office Circle                                 --
                                Evansville, IN

                                981 Industrial Park Road                     981 Industrial Park Road
                                Columbia, TN*                                Columbia, TN*

                                20401 Trolley Drive                          20401 Trolley Drive
                                Taylor, MI*                                  Taylor, MI*

                                                                             (Consigned to AOT)
                                                                                  4800 Gateway Blvd.
                                                                                  Springfield, OH

                                                                                  R.R. 7 St. Thomas
                                                                                  Ontario
-----------------------------------------------------------------------------------------------------------------
Accuride Canada, Inc.           31 Firestone Blvd.                           31 Firestone Blvd.
                                London, Ontario                              London, Ontario
-----------------------------------------------------------------------------------------------------------------

Accuride Henderson LLC          2315 Adams Lane                              N/A
                                Henderson, KY

                                981 Industrial Park Road
                                Columbia, TN*

                                7140 Office Circle
                                Evansville, IN
-----------------------------------------------------------------------------------------------------------------

AKW LP                          1015 E. 12th Street #200                     1015 E. 12th Street #200
                                Erie, PA  16510*                             Erie, PA  16510*

                                129 Marc Drive - Suite B 129 Marc Drive -
                                Suite B Cuyahoga Falls, OH 44223* Cuyahoga
                                Falls, OH 44223
-----------------------------------------------------------------------------------------------------------------

Accuride Columbia GP            981 Industrial Park Road                     N/A
                                Columbia, TN*
-----------------------------------------------------------------------------------------------------------------

</Table>

<Page>

                                                            SCHEDULE IV TO THE
                                                            SECURITY AGREEMENT

                         JURISDICTION OF ORGANIZATION
                                      AND
                       FEDERAL TAX IDENTIFICATION NUMBER

<Table>
<Caption>

         Grantor                                  Jurisdiction                                    Organizational
                                                       of                      Federal Tax        Identification
                                                  Organization           Identification No.               Number
                                                  ------------           ------------------               ------
<S>                                                 <C>                        <C>                       <C>
Accuride Corporation                                Delaware                   61-1109077                2107517
Accuride Texas, Inc.                                Delaware                   74-2568153                2227684
Accuride Ventures, Inc.                             Delaware                   86-0872017                2744081
Accuride Kentucky Holding Company                   Delaware                   52-2090481                2845926
Accuride Henderson Facilities Management Corp.      Delaware                   52-2090477                2845927
Accuride Tennessee Holding Company                  Delaware                   52-2090348                2845928
Accuride Columbia Facilities Management Corp.       Delaware                   52-2090478                2845929
Accuride Cuyahoga Falls, Inc.                       Delaware                   34-1949556                3368486
Accuride Henderson Limited Liability Company        Delaware                   61-1318596                2845930
Accuride Columbia General Partnership               Delaware                   61-1318595                    N/A
AKW, L.P.                                           Delaware                   76-0534862                2744430
AKW General Partner, L.L.C.                         Delaware                   76-0534861                2742723

</Table>

<Page>

                                                             SCHEDULE V TO THE
                                                            SECURITY AGREEMENT

                            PATENTS, TRADEMARKS AND
                     TRADE NAMES, COPYRIGHTS AND LICENSES

<Table>
<Caption>

                                                                                                 Appl. Or
A. PATENTS/APPLICATIONS US/Canada                         Country              Status            Reg. No.             Date
                                                          -------              ------            --------             ----
<S>                                                       <C>             <C>                 <C>                <C>
Full-Faced Steel Vehicle Wheel and                          US                Patented          6,193,321        Feb. 27, 2001
Method of Manufacture
Full-Faced Steel Vehicle Wheel and Method of              Canada          Pending PCT         PCT/US99/
Method of Manufacture                                                          Appl.             26522
Method of Manufacturing a Full-Faced                        US                Patented          6,073,347        June 13, 2000
Steel Vehicle Wheel
Apparatus for Centering a Wheel on a                        US                Patented          5,692,811         Dec. 2, 1997
Hub
Apparatus for Centering a Wheel on a                      Canada              Patented          2,114,261        Dec. 22, 1998
Hub
Wheel Balance Weight                                        US                Patented          5,228,754        July 20, 1993
Vehicle Wheel                                               US                Patented          5,772,228        June 30, 1998
Method of Making a Vehicle Wheel                            US                Patented          6,029,351        Feb. 29, 2000
Vehicle Wheel                                             Canada            Pending Appl.        2248548
Wheel Hand Hole Design                                      US              Pending Appl.       29/064,259
Wheel Hand Hole Design                                    Canada              Patented            74021          Mar. 17, 1994

<Caption>

PATENT/APPLICATIONS -                                                                      Appl. Or
INTERNATIONAL                                  Country                Status               Reg. No.                Date
                                               -------                ------               --------                ----
<S>                                             <C>             <C>                     <C>                   <C>
Full-faced Steel Vehicle Wheel and              Europe          Pending PCT Appl.       PCT/US99/26522
Method of Manufacture                           Mexico
Apparatus for Centering a Wheel on a            Mexico              Patented               189,091            June 11, 1998
Hub
Vehicle Wheel                                   Mexico            Pending Appl.             987315
Vehicle Wheel                                   Japan             Pending Appl.           501907/98
Vehicle Wheel                              European Patent        Pending Appl.           97931561.1
                                             Office (UK,
                                           Germany, Italy,
                                           France, Sweden)
Vehicle Wheel                                   Brazil            Pending Appl.           9709665-2
Wheel Hand Hole Design                          Mexico              Patented                 5961             Apr. 26, 1993

</Table>

<Page>

<Table>
<Caption>

                                                                             Appl. Or
B.  Trademarks                          Country           Status             Reg. No.
                                        -------           ------             --------
<S>                                      <C>            <C>                  <C>
Accu-Forge                                 US              Reg.               981871
Accu-Lite                                  US              Reg.               818587
Accu-Ride                                  US              Reg.               698057
Accu-Ride                                  US              Reg.               912540
Aluminator                                 US              Reg.               2417777
Commander                                  US              Reg.               702487
Duplex                                     US              Reg.               759558
Octo Nest                                  US              Reg.               1199529
Radial Commander                           US              Reg.               988254
Wheel-Guard                                US              Reg.               1300461
Accu-Lite                                Canada            Reg.               163800
Accu-Ride                                Canada            Reg.               163813
Commander                                Canada            Reg.               164489

Accuride                                 Mexico            Reg.                509785
Accuride de Mexico                       Mexico            Reg.                571607
Accuride de Mexico                       Mexico            Reg.                571609
Commander                                Mexico            Reg.                573916
Commander                                Mexico            Reg.                572265
Duplex                                   Mexico            Reg.                572263
Duplex                                   Mexico            Reg.                572264
Innovacion en Ruedas                     Mexico            Reg.                19403
Accuride                                Benelux            Reg.                596348
Accu-Ride                               Benelux            Reg.                 69432
Accu-Ride                                Spain             Reg.                377912
Accuride                                 Spain             Reg.                1564529
ESW                                      Japan             Reg.                2575302
Accuride                               Argentina           Reg.                1661676
Accuride                               Australia           Reg.                A533675
Accuride                                Bolivia         Appl. Pend.             2732
Accuride                                 Chile              Reg.               583715
Accuride                                 China              Reg.               1108097
Accuride                               Colombia             Reg.               186422
Accuride                                Ecuador             Reg.               5927-00
Accuride                                France              Reg.              96/639717
Accuride                                Germany             Reg.              39635876
Accuride                                 Italy              Reg.             MI96C007568
Accuride                                 Peru               Reg.                87691
Accuride                                 Saudi              Reg.                7/418
                                        Arabia
Accuride                                 South              Reg.              95/13996
                                        Africa

<Page>

Accuride                              South Korea          Reg.               221081
                                         Korea
Accuride                                 Sweden            Reg.               232614
Accuride                               Thailand         Appl. Pend.           429135
Accuride                                Turkey             Reg.               171965
Accuride                                Uruguay            Reg.               289514
Accuride                               Venezuela           Reg.              2910-96

</Table>

Note: All Patents and Trademarks are owned by Accuride Corporation.

C. COPYRIGHTS

none

D. LICENSES

                    (i) Miscellaneous third party (off the shelf) computer
     software licenses (assignment (assignment requires consent)

Technology Cross License dated November 16, 2000 by and between Accuride
Corporation and Gianetti Ruote SpA. - Nonexclusive, Royalty free cross license
regarding sharing of wheel manufacturing technology. (Assignment requires
consent)

<Page>

                                                              SCHEDULE VI TO THE
                                                              SECURITY AGREEMENT

                                PLEDGED ACCOUNTS

<Table>
<Caption>

------------------------------------------------------------------------------------------------------------------------------------
                                   Name and Address of           Mailing Address of
Grantor                            Pledged Account Bank          Lockbox                         Account Number
------------------------------------------------------------------------------------------------------------------------------------

<S>                                <C>                           <C>                             <C>
Accuride Corporation               Bank One                                                      3613900-64 (Concentration Acct)
                                   P. O. Box 206A                P. O. Box 905458                5302749 (Lockbox)
                                   Detroit, Michigan 48232       Charlotte, NC  28290-5458       0000655056 (A/P)
                                                                                                 23332 (Payroll)
                                   Bank of Nova Scotia           P. O. Box 8866
                                   44 King Street West           Postal Station A                80002 01355 18 (Lockbox)
                                   Toronto, Ontario              Toronto, ON  M5W 1P8
------------------------------------------------------------------------------------------------------------------------------------

Accuride Canada, Inc.              Bank of Nova Scotia                                           372-14 (CND$ Concentration Acct)
                                   44 King Street West                                           29-17 (US$ Concentration Acct)
                                   Toronto, Ontario                                              535-11 (Payroll)
                                                                                                 1143-16 (Payroll)
                                                                                                 598-11 (Payroll)
                                                                                                 805-19 (Payroll)
                                                                                                 1001-10 (Payroll)
                                                                                                 756-12 (Payroll)
------------------------------------------------------------------------------------------------------------------------------------

Accuride Henderson Facilities      Bank One                                                      3612762-14 (Checking acct)
Mgmt Corp                          P. O. Box 206A                                                3613897-44 (Checking acct)
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

Accuride Kentucky Holding Company  Bank One                                                      3612761-34 (Checking acct)
                                   P. O. Box 206A                                                3613896-64 (Checking acct)
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

Accuride Tennessee Holding         Bank One                                                      3612763-94 (Checking acct)
Company                            P. O. Box 206A                                                3613898-24 (Checking acct)
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

Accuride Columbia Facilities       Bank One                                                      3612764-74 (Checking acct)
Mgmt. Corp                         P. O. Box 206A                                                3613899-04 (Checking acct)
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

Accuride Columbia General          Bank One                                                      3613902-24 (Checking acct)
Partnership                        P. O. Box 206A
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

<Page>

------------------------------------------------------------------------------------------------------------------------------------
                                   Name and Address of           Mailing Address of
Grantor                            Pledged Account Bank          Lockbox                         Account Number
------------------------------------------------------------------------------------------------------------------------------------
Accuride Cuyahoga Falls, Inc.      Bank One                                                      43962 (Payroll)
                                   P. O. Box 206A
                                   Detroit, Michigan 48232
------------------------------------------------------------------------------------------------------------------------------------

AKW LP                             Bank One                                                      696489 (Checking acct)
                                   P. O. Box 206A
                                   Detroit, Michigan 48232

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

</Table>

<Page>

                                                                EXHIBIT A TO THE
                                                              SECURITY AGREEMENT

                      FORM OF SECURITY AGREEMENT SUPPLEMENT

                                                                          [Date]

Citicorp USA, Inc.,
     as the Administrative Agent for the
     Secured Parties referred to in the
     Credit Agreement referred to below
     388 Greenwich Street
     New York, NY 10019
     Attn:
           -------------------

                               [NAME OF BORROWER]

Ladies and Gentlemen:

          Reference is made to (i) the Second Amended and Restated Credit
Agreement dated as of July 27, 2001 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the "CREDIT AGREEMENT"),
among Accuride Corporation, a Delaware corporation and Accuride Canada, a
corporation organized under the laws of Ontario, Canada, as Borrowers, the
Lender Parties party thereto, Citicorp USA, Inc., as administrative agent
(together with any successor administrative agent appointed pursuant to Article
VIII of the Credit Agreement, the "ADMINISTRATIVE AGENT") for the Lender
Parties, and (ii) the Security Agreement dated as of July 27, 2001 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the
"SECURITY AGREEMENT") made by the Grantors from time to time party thereto in
favor of the Administrative Agent for the Secured Parties. Terms defined in the
Credit Agreement or the Security Agreement and not otherwise defined herein are
used herein as defined in the Credit Agreement or the Security Agreement.

          Section 1. GRANT OF SECURITY. The undersigned hereby assigns and
pledges to the Administrative Agent for the ratable benefit of the Secured
Parties, and hereby grants to the Administrative Agent for the ratable benefit
of the Secured Parties, a security interest in, all of its right, title and
interest in and to all of the Collateral of the undersigned, whether now owned
or hereafter acquired by the undersigned, wherever located and whether now or
hereafter existing or arising, including, without limitation, the property and
assets of the undersigned set forth on the attached supplemental schedules to
the Schedules to the Security Agreement.

          Section 2. SECURITY FOR OBLIGATIONS. The pledge and assignment of, and
the grant of a security interest in, the Collateral by the undersigned under
this Security Agreement Supplement and the Security Agreement secures the
payment of all Obligations of the undersigned now or hereafter existing under or
in respect of the Loan Documents, whether direct

<Page>

                                       2

or indirect, absolute or contingent, and whether for principal, reimbursement
obligations, interest, premiums, penalties, fees, indemnifications, contract
causes of action, costs, expenses or otherwise.

          Section 3. SUPPLEMENTS TO SECURITY AGREEMENT SCHEDULES. The
undersigned has attached hereto supplemental Schedules I, II, III, IV, V[,]
[and] VI [and VII] to Schedules I, II, III, IV, V[,] [and] VI [and VII],
respectively, to the Security Agreement, and the undersigned hereby certifies,
as of the date first above written, that such supplemental schedules have been
prepared by the undersigned in substantially the form of the equivalent
Schedules to the Security Agreement and are complete and correct in all material
respects.

          Section 4. REPRESENTATIONS AND WARRANTIES. The undersigned hereby
makes each representation and warranty set forth in Section 9 of the Security
Agreement (as supplemented by the attached supplemental schedules) to the same
extent as each other Grantor.

          Section 5. OBLIGATIONS UNDER THE SECURITY AGREEMENT. The undersigned
hereby agrees, as of the date first above written, to be bound as a Grantor by
all of the terms and provisions of the Security Agreement to the same extent as
each of the other Grantors. The undersigned further agrees, as of the date first
above written, that each reference in the Security Agreement to an "Additional
Grantor" or a "Grantor" shall also mean and be a reference to the undersigned.

          Section 6. GOVERNING LAW. This Security Agreement Supplement shall be
governed by, and construed in accordance with, the laws of the State of New
York.

                                           Very truly yours,

                                           [NAME OF ADDITIONAL GRANTOR]

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

                                           Address for notices:

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

<Page>

                                                                EXHIBIT B TO THE
                                                              SECURITY AGREEMENT

                         FORM OF PLEDGED ACCOUNT LETTER

                                                           _______________, ____

[Name and address
of Pledged Account Bank]

                              [Name of the Grantor]

Gentlemen/women:

          Reference is made to [the lockboxes listed on Schedule I hereto into
which certain monies, instruments and other properties are deposited from time
to time and] the deposit accounts listed on Schedule I hereto (such [lockboxes
and] deposit accounts being, collectively, the "PLEDGED ACCOUNTS") maintained
with you by ____________________ (the "GRANTOR"). Pursuant to the Security
Agreement dated July __, 2001 (as amended, amended and restated, supplemented or
otherwise modified from time to time, the "SECURITY AGREEMENT"), the Grantor has
granted to Citicorp USA, Inc., as administrative agent (together with any
successor administrative agent appointed pursuant to Article VIII of the Credit
Agreement, the "ADMINISTRATIVE AGENT") for the Secured Parties referred to in
the second amended and restated Credit Agreement dated as of July __, 2001, with
[the Grantor], a security interest in certain property of the Grantor,
including, among other things, the following (the "ACCOUNT COLLATERAL"): each
Pledged Account, all funds held therein and all certificates and instruments, if
any, from time to time representing or evidencing such Pledged Account, all
interest, dividends, distributions, cash, instruments and other property from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of the then existing Account Collateral and all proceeds
of any and all of the foregoing Account Collateral. It is a condition to the
continued maintenance of the Pledged Accounts with you that you agree to this
letter agreement.

          By executing this letter agreement, you acknowledge notice of, and
consent to the grant of the security interest in, and the pledge and assignment
of, the Account Collateral to the Administrative Agent for the benefit of the
Secured Parties and you confirm to the Administrative Agent that the description
of the Pledged Accounts set forth on Schedule I hereto is correct and that you
have not received any notice of any other security interest in, pledge or
assignment of, or other claim (other than that of the Grantor) on, any of the
Pledged Accounts. Further, you hereby agree with the Administrative Agent that:

          (a)   Notwithstanding anything to the contrary in any other agreement
     relating to any Pledged Account, each Pledged Account is and will be
     subject to the security interest, pledge and assignment created under the
     Security Agreement, will be maintained solely for the benefit of the
     Secured Parties in accordance with the provisions of the Loan

<Page>

     Documents, will have the title set forth opposite the account number
     therefor on Schedule I hereto and will be transferred as indicated in
     clause (f) below or as otherwise instructed only by an officer of the
     Administrative Agent. Only the Administrative Agent is authorized to
     withdraw amounts from, to draw upon, or, except as otherwise set forth
     herein, to otherwise exercise any powers with respect to the Pledged
     Accounts and the funds deposited therein. The Administrative Agent
     authorizes and directs that the sole signatories authorized to act on
     behalf of the Administrative Agent with respect to the Pledged Accounts are
     and shall be such officers of the Administrative Agent as the
     Administrative Agent may from time to time designate in a writing
     acceptable to you. You may rely without liability on any such written
     designation, absent manifest error, unless and until you receive a written
     designation to the contrary. Any such written designation shall include the
     specimen signature of each authorized officer of the Administrative Agent.

          (b)   You will collect mail from each Pledged Account on each of your
     business days at times that coincide with the delivery of mail thereto.

          (c)   You will follow your usual operating procedures for the handling
     of any remittance that contains restrictive endorsements, irregularities
     (such as a variance between the written and numerical amounts), undated or
     postdated items, missing signatures, incorrect payees, etc. received in any
     Pledged Account.

          (d)   You will endorse and process all eligible checks and other
     remittance items not covered by paragraph (c) and deposit such checks and
     remittance items in the Pledged Accounts.

          (e)   You will maintain a record of all checks and other remittance
     items received in each Pledged Account and, in addition to providing the
     Grantor with photostats, vouchers, enclosures, etc. of such checks and
     remittance items on a daily basis, furnish to the Administrative Agent a
     monthly statement of each Pledged Account, to be mailed or telecopied to
     the Administrative Agent at: _______________, __________, __________,
     Telecopier No. __________, Attention: __________.

          (f)   You will transfer, in same day funds, on each of your business
     days, all amounts collected from each Pledged Account on such day to the
     following account (the "CASH CONCENTRATION ACCOUNT"):

                                    [Name of the Borrower]
                           Account No. __________
                           ______________________
                           _________________,
                           ________, _____
                           Attention: ____________________

     Each such transfer of funds shall neither comprise only part of a
     remittance nor reflect the rounding off of any funds so transferred.

<Page>

          (g)   All transfers referred to in paragraph (f) above shall be made
     by you irrespective of, and without deduction for, any counterclaim,
     defense, recoupment or set-off and shall be final, and you will not seek
     to recover from the Administrative Agent for any reason any such payment
     once made.

          (h)   All service charges and fees with respect to any Pledged Account
     shall be payable by the Grantor, and deposited checks returned for any
     reason shall not be charged to the applicable Pledged Account [, but may
     be charged to another account maintained by the Grantor with you].

          (i)   The Administrative Agent shall be entitled to exercise any and
     all rights of the Grantor in respect of the Pledged Accounts and the
     other Account Collateral in accordance with the terms of the Security
     Agreement, and you shall comply in all respects with such exercise.

          You hereby represent and warrant that the person executing this letter
agreement on your behalf is duly authorized to do so.

          No amendment or waiver of any provision of this letter agreement, nor
consent to any departures by you or the Grantor herefrom, shall be effective
unless the same shall be in writing as signed by you, the Grantor and the
Administrative Agent.

          This letter agreement shall be binding upon you and your successors
and assigns and shall inure to the benefit of the Secured Parties and their
successors, transferees and assigns. You may terminate this letter agreement
upon thirty days' prior written notice to the Grantor and the Administrative
Agent. Upon such termination you shall close the Pledged Accounts and transfer
all funds in the Pledged Accounts to the Cash Concentration Account or another
account as instructed by the Administrative Agent at such time. After any such
termination, you shall nonetheless remain obligated promptly to transfer to the
Cash Concentration Account or to such other account as instructed by the
Administrative Agent at such time all funds and other property received in
respect of the Pledged Accounts.

          This letter agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together
shall constitute one and the same agreement. Delivery of an executed counterpart
of a signature page to this letter agreement by telecopier shall be effective as
delivery of an original executed counterpart of this letter agreement.

          Please indicate your acknowledgment of and agreement to the provisions
of this letter agreement by signing in the appropriate space provided below and
returning this letter agreement to ________________, _______________,
__________, ________ ______, Telecopier No.: (212) ___-____, Attention:
________________. If you elect to deliver this letter agreement by telecopier,
please arrange for the executed original to follow by next-day courier.

<Page>

          This letter agreement shall be governed by and construed in accordance
with the laws of the State of New York.

                                   Very truly yours,

                                   [NAME OF GRANTOR]

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

                                   CITICORP USA, INC., as Administrative
                                   Agent

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

Acknowledged and agreed to as of
the date first above written:

[NAME OF PLEDGED ACCOUNT BANK]

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

<Page>

                                                                EXHIBIT C TO THE
                                                              SECURITY AGREEMENT

                          FORM OF CONSENT AND AGREEMENT

          The undersigned hereby (a) acknowledges notice of, and consents to the
terms and provisions of, the Security Agreement dated July __, 2001 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the
"SECURITY AGREEMENT", the terms defined therein being used herein as therein
defined) from the grantors party thereto (the "GRANTORS") and certain other
grantors from time to time party thereto to Citicorp USA, Inc., as
Administrative Agent (the "ADMINISTRATIVE AGENT") for the Secured Parties
referred to therein, (b) consents in all respects to the pledge and assignment
to the Administrative Agent of all of the Grantor's right, title and interest
in, to and under the Assigned Agreement (as defined below) pursuant to the
Security Agreement, (c) acknowledges that the Grantor has provided it with
notice of the right of the Administrative Agent in the exercise of its rights
and remedies under the Security Agreement to make all demands, give all notices,
take all actions and exercise all rights of the Grantor under the Assigned
Agreement, and (d) agrees with the Administrative Agent that:

          (i)  The undersigned will make all payments to be made by it under or
     in connection with the __________ Agreement dated _______________, ____
     (the "ASSIGNED AGREEMENT") between the undersigned and the Grantor directly
     to the Cash Concentration Account (Account No. [__________] with Citibank
     at [___________]) or otherwise in accordance with the instructions of the
     Administrative Agent.

          (ii) [All payments referred to in paragraph (i) above shall be made by
     the undersigned irrespective of, and without deduction for, any
     counterclaim, defense, recoupment or set-off and shall be final, and the
     undersigned will not seek to recover from any Secured Party for any reason
     any such payment once made.]

          (iii) The Administrative Agent or its designee shall be entitled to
     exercise any and all rights and remedies of the Grantor under the Assigned
     Agreement in accordance with the terms of the Security Agreement, and the
     undersigned shall comply in all respects with such exercise.

          (iv) The undersigned will not, without the prior written consent of
     the Administrative Agent, (A) cancel or terminate the Assigned Agreement or
     consent to or accept any cancellation or termination thereof, or (B) amend,
     amend and restate, supplement or otherwise modify the Assigned Agreement,
     except, in each case, to the extent otherwise permitted under the Credit
     Agreement referred to in the Security Agreement.

          (v) In the event of a default by the Grantor in the performance of any
     of its obligations under the Assigned Agreement, or upon the occurrence or
     non-occurrence of any event or condition under the Assigned Agreement which
     would immediately or with the passage of any applicable grace period or the
     giving of notice, or both, enable the undersigned to terminate or suspend
     its obligations under the Assigned Agreement, the

<Page>

                                        2

     undersigned shall not terminate the Assigned Agreement until it first
     gives written notice thereof to the Administrative Agent and permits the
     Grantor and the Administrative Agent the period of time afforded to the
     Grantor under the Assigned Agreement to cure such default.

          (vi) The undersigned shall deliver to the Administrative Agent,
     concurrently with the delivery thereof to the Grantor, a copy of each
     notice, request or demand given by the undersigned pursuant to the Assigned
     Agreement.

          (vii) Except as specifically provided in this Consent and Agreement,
     neither the Administrative Agent nor any other Secured Party shall have any
     liability or obligation under the Assigned Agreement as a result of this
     Consent and Agreement, the Security Agreement or otherwise.

          [In order to induce the Lender Parties to make Advances and issue
Letters of Credit under the Credit Agreement and the Hedge Banks to enter into
Bank Hedge Agreements from time to time, the undersigned repeats and reaffirms
for the benefit of the Secured Parties the representations and warranties made
by it in the Assigned Agreement.]

          This Consent and Agreement shall be binding upon the undersigned and
its successors and assigns, and shall inure, together with the rights and
remedies of the Administrative Agent hereunder, to the benefit of the Secured
Parties and their successors, transferees and assigns. This Consent and
Agreement shall be governed by and construed in accordance with the laws of the
State of New York.

          IN WITNESS WHEREOF, the undersigned has duly executed this Consent and
Agreement as of the date set opposite its name below.

Dated:                                    [NAME OF OBLIGOR]
        ---------------, ----

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

<Page>

                                                                EXHIBIT D TO THE
                                                              SECURITY AGREEMENT

                            FORM OF CONTROL AGREEMENT
                              (Securities Account)

          CONTROL AGREEMENT dated as of July __, 2001, among ____________, a
___________ (the "GRANTOR"), Citicorp USA, Inc., as Administrative Agent (the
"SECURED PARTY"), and _________, a _________ ("____________"), as securities
intermediary (the "SECURITIES INTERMEDIARY").

PRELIMINARY STATEMENTS:

          (1) The Grantor has granted the Secured Party a security interest (the
"SECURITY Interest") in account no. _______________ maintained by the Securities
Intermediary for the Grantor (the "Account").

          (2) Terms defined in Article 8 or 9 of the Uniform Commercial Code in
effect in the State of New York ("N.Y. UNIFORM COMMERCIAL CODE") are used in
this Agreement as such terms are defined in such Article 8 or 9.

          NOW, THEREFORE, in consideration of the premises and of the mutual
agreements contained herein, the parties hereto hereby agree as follows:

          Section 1. THE ACCOUNT. The Securities Intermediary represents and
warrants to, and agrees with, the ___________ Secured Party that:

          (a) The Securities Intermediary maintains the Account for the Grantor,
     and all property held by the Securities Intermediary for the account of the
     Grantor is, and will continue to be, credited to the Account.

          (b) The Account is a securities account. The Securities Intermediary
     is the securities intermediary with respect to the property credited from
     time to time to the Account. The Grantor is the entitlement holder with
     respect to the property credited from time to time to the Account.

          (c) The securities intermediary's jurisdiction with respect to the
     Account is, and will continue to be for so long as the Security Interest
     shall be in effect, the State of [New York].

          (d) Schedule I attached hereto is a statement of the property credited
     to the Account on the date hereof.

          (e) The Securities Intermediary does not know of any claim to or
     interest in the Account or any property credited to the Account, except for
     claims and interests of the parties referred to in this Agreement.

<Page>

                                       2

          Section 2. CONTROL BY SECURED PARTY. The Securities Intermediary will
comply with all notifications it receives directing it to transfer or redeem any
property in the Account (each an "ENTITLEMENT ORDER") or other directions
concerning the Account (including, without limitation, directions to distribute
to the Secured Party proceeds of any such transfer or redemption or interest or
dividends on property in the Account) originated by the Secured Party without
further consent by the Grantor or any other person.

          Section 3. GRANTOR'S RIGHTS IN ACCOUNT.

          (a) Except as otherwise provided in this Section 3, the Securities
Intermediary will comply with Entitlement Orders originated by the Grantor
without further consent by the Secured Party.

          (b) Until the Securities Intermediary receives a notice from the
Secured Party that the Secured Party will exercise exclusive control over the
Account (a "NOTICE OF EXCLUSIVE CONTROL"), the Securities Intermediary may
distribute to the Grantor all interest and regular cash dividends on property in
the Account.

          (c) The Securities Intermediary will not comply with any Entitlement
Order originated by the Grantor that would require the Securities Intermediary
to make a free delivery to the Grantor or any other person.

          (d) If the Securities Intermediary receives from the Secured Party a
Notice of Exclusive Control, the Securities Intermediary will cease:

          (i) complying with Entitlement Orders or other directions relating to
     the Account originated by the Grantor and

          (ii) distributing to the Grantor interest and dividends on property in
     the Account.

          Section 4. PRIORITY OF SECURED PARTY'S SECURITY INTEREST. (a) The
Securities Intermediary subordinates in favor of the Secured Party any security
interest, lien, or right of setoff it may have, now or in the future, against
the Account or property in the Account, except that the Securities Intermediary
will retain its prior lien on property in the Account to secure payment for
property purchased for the Account and normal commissions and fees for the
Account.

          (b) The Securities Intermediary will not agree with any third party
that the Securities Intermediary will comply with Entitlement Orders originated
by the third party.

          Section 5. STATEMENTS, CONFIRMATIONS, AND NOTICES OF ADVERSE CLAIMS.
(a) The Securities Intermediary will send copies of all statements and
confirmations for the Account simultaneously to the Grantor and the Secured
Party.

          (b) When the Securities Intermediary knows of any claim or interest in
the Account or any property credited to the Account other than the claims and
interests of the parties

<Page>

                                       3

referred to in this Agreement, the Securities Intermediary will promptly notify
the Secured Party and the Grantor of such claim or interest.

          Section 6. THE SECURITIES INTERMEDIARY'S RESPONSIBILITY. (a) Except
for permitting a withdrawal, delivery, or payment in violation of Section 3, the
Securities Intermediary will not be liable to the Secured Party for complying
with Entitlement Orders or other directions concerning the Account from the
Grantor that are received by the Securities Intermediary before the Securities
Intermediary receives and has a reasonable opportunity to act on a Notice of
Exclusive Control.

          (b) The Securities Intermediary will not be liable to the Grantor for
complying with a Notice of Exclusive Control or with an Entitlement Order or
other direction concerning the Account originated by the Secured Party, even if
the Grantor notifies the Securities Intermediary that the Secured Party is not
legally entitled to issue the Notice of Exclusive Control or Entitlement Order
or such other direction unless the Securities Intermediary takes the action
after it is served with an injunction, restraining order, or other legal process
enjoining it from doing so, issued by a court of competent jurisdiction, and had
a reasonable opportunity to act on the injunction, restraining order or other
legal process.

          (c) This Agreement does not create any obligation of the Securities
Intermediary except for those expressly set forth in this Agreement and in Part
5 of Article 8 of the N.Y. Uniform Commercial Code. In particular, the
Securities Intermediary need not investigate whether the Secured Party is
entitled under the Secured Party's agreements with the Grantor to give an
Entitlement Order or other direction concerning the Account or a Notice of
Exclusive Control. The Securities Intermediary may rely on notices and
communications it believes given by the appropriate party.

          Section 7. INDEMNITY. The Grantor will indemnify the Securities
Intermediary, its officers, directors, employees and agents against claims,
liabilities and expenses arising out of this Agreement (including, without
limitation, reasonable attorney's fees and disbursements), except to the extent
the claims, liabilities or expenses are caused by the Securities Intermediary's
gross negligence or willful misconduct as found by a court of competent
jurisdiction in a final, non-appealable judgment.

          Section 8. TERMINATION; SURVIVAL. (a) The Secured Party may terminate
this Agreement by notice to the Securities Intermediary and the Grantor. If the
Secured Party notifies the Securities Intermediary that the Security Interest
has terminated, this Agreement will immediately terminate.

          (b) The Securities Intermediary may terminate this Agreement on 60
days' prior notice to the Secured Party and the Grantor, PROVIDED that before
such termination the Securities Intermediary and the Grantor shall make
arrangements to transfer the property in the Account to another securities
intermediary that shall have executed, together with the Grantor, a control
agreement in favor of the Secured Party in respect of such property in
substantially the form of this Agreement or otherwise in form and substance
satisfactory to the Secured Party.

          (c) Sections 6 and 7 will survive termination of this Agreement.

<Page>

                                       4

          Section 9. GOVERNING LAW. This Agreement and the Account will be
governed by the law of the State of New York. The Securities
Intermediary and the Grantor may not change the law governing the Account
without the Secured Party's express prior written agreement.

          Section 10. ENTIRE AGREEMENT. This Agreement is the entire agreement,
and supersedes any prior agreements, and contemporaneous oral
agreements, of the parties concerning its subject matter.

          Section 11. AMENDMENTS. No amendment of, or waiver of a right under,
this Agreement will be binding unless it is in writing and signed by the party
to be charged.

          Section 12. FINANCIAL ASSETS. The Securities Intermediary agrees with
the Secured Party and the Grantor that, to the fullest extent permitted by
applicable law, all property credited from time to time to the Account will be
treated as financial assets under Article 8 of the N.Y. Uniform Commercial Code.

          Section 13. NOTICES. A notice or other communication to a party under
this Agreement will be in writing (except that Entitlement Orders may be given
orally), will be sent to the party's address set forth under its name below or
to such other address as the party may notify the other parties and will be
effective on receipt.

          Section 14. BINDING EFFECT. This Agreement shall become effective when
it shall have been executed by the Grantor, the Secured Party and the Securities
Intermediary, and thereafter shall be binding upon and inure to the benefit of
the Grantor, the Secured Party and the Securities Intermediary and their
respective successors and assigns.

          Section 15. EXECUTION IN COUNTERPARTS. This Agreement may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of an original executed counterpart of
this Agreement.

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed by their respective officers thereunto duly authorized, as of the
date first above written.

                                          [NAME OF GRANTOR]

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

                                          Address:
                                          ---------------------------------
                                          ---------------------------------

<Page>

                                       5

                                          CITICORP USA, INC., as
                                              Administrative Agent

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

                                          Address:
                                          ---------------------------------
                                          ---------------------------------

                                          [NAME OF SECURITIES
                                            INTERMEDIARY]

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

                                          Address:
                                          ---------------------------------
                                          ---------------------------------

<Page>

                                                                EXHIBIT E TO THE
                                                              SECURITY AGREEMENT

                FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT

          This INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, amended and
restated, supplemented or otherwise modified from time to time, the "IP SECURITY
AGREEMENT") dated July __, 2001, is made by the grantors listed on the signature
pages hereof (collectively, the "GRANTORS") in favor of Citicorp USA, Inc.
("CUSA"), as administrative agent (the "ADMINISTRATIVE AGENT") for the Secured
Parties (as defined in the Credit Agreement referred to below).

          WHEREAS, Accuride Corporation, a Delaware Corporation and Accuride
Canada, Inc., a corporation existing under the laws of Ontario, Canada, have
entered into the Second Amended and Restated Credit Agreement dated as of July
__, 2001 (as amended, amended and restated, supplemented or otherwise modified
from time to time, the "CREDIT AGREEMENT"), with CUSA, as Administrative Agent
and the Lender Parties party thereto. Terms defined in the Credit Agreement and
not otherwise defined herein are used herein as defined in the Credit Agreement.

          WHEREAS, as a condition precedent to the making of Advances and the
issuance of Letters of Credit by the Lender Parties under the Credit Agreement
and the entry into Bank Hedge Agreements by the Hedge Banks from time to time,
each Grantor has executed and delivered that certain Security Agreement dated
July __, 2001 made by the Grantors to the Administrative Agent (as amended,
amended and restated, supplemented or otherwise modified from time to time, the
"SECURITY AGREEMENT").

          WHEREAS, under the terms of the Security Agreement, Grantors have
granted a security interest in, among other property, certain intellectual
property of the Grantors to the Administrative Agent for the ratable benefit of
the Secured Parties, and have agreed as a condition thereof to execute this IP
Security Agreement covering such intellectual property for recording with the
U.S. Patent and Trademark Office, the United States Copyright Office and other
governmental authorities.

          NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor agrees as follows:

          Section 16. GRANT OF SECURITY. Each Grantor hereby grants to the
Administrative Agent for the ratable benefit of the Secured Parties a security
interest in and to all of such Grantor's right, title and interest in and to the
following (the "COLLATERAL"):

               (i) the United States, international, and foreign patents, patent
          applications and patent licenses set forth in Schedule A hereto (as
          such Schedule A may be supplemented from time to time by supplements
          to the Security Agreement and this IP Security Agreement, each such
          supplement being in substantially the form of Exhibit G to the
          Security Agreement (an "IP SECURITY AGREEMENT SUPPLEMENT"), executed
          and delivered by such Grantor to the

<Page>

                                        2

          Administrative Agent from time to time), together with all reissues,
          divisions, continuations, continuations-in-part, extensions and
          reexaminations thereof, and all rights therein provided by
          international treaties or conventions (the "PATENTS");

               (ii) the United States and foreign trademark and service mark
          registrations, applications, and licenses set forth in Schedule A
          hereto (as such Schedule A may be supplemented from time to time by IP
          Security Agreement Supplements executed and delivered by such Grantor
          to the Administrative Agent from time to time) (the "TRADEMARKS");

               (iii) the copyrights, United States and foreign copyright
          registrations and applications and copyright licenses set forth in
          Schedule A hereto (as such Schedule A may be supplemented from time to
          time by IP Security Agreement Supplements executed and delivered by
          such Grantor to the Administrative Agent from time to time) (the
          "COPYRIGHTS");

               (iv) any and all claims for damages for past, present and future
          infringement, misappropriation or breach with respect to the Patents,
          Trademarks and Copyrights, with the right, but not the obligation, to
          sue for and collect, or otherwise recover, such damages; and

               (v) any and all proceeds of the foregoing.

          SECTION 17. SECURITY FOR OBLIGATIONS. The pledge and assignment of,
and the grant of a security interest in, the Collateral by each Grantor under
this IP Security Agreement secures the payment of all Obligations of each
Grantor now or hereafter existing under or in respect of the Loan Documents,
whether direct or indirect, absolute or contingent, and whether for principal,
reimbursement obligations, interest, premiums, penalties, fees,
indemnifications, contract causes of action, costs, expenses or otherwise.

          SECTION 18. RECORDATION. Each Grantor authorizes and requests that the
Register of Copyrights, the Commissioner of Patents and Trademarks and any other
applicable government officer record this IP Security Agreement.

          SECTION 19. EXECUTION IN COUNTERPARTS. This Agreement may be executed
in any number of counterparts, each of which when so executed shall be deemed to
be an original and all of which taken together shall constitute one and the same
agreement.

          SECTION 20. GRANTS, RIGHTS AND REMEDIES. This IP Security Agreement
has been entered into in conjunction with the provisions of the Security
Agreement. Each Grantor does hereby acknowledge and confirm that the grant of
the security interest hereunder to, and the rights and remedies of, the
Administrative Agent with respect to the Collateral are more fully set forth in
the Security Agreement, the terms and provisions of which are incorporated
herein by reference as if fully set forth herein.

          SECTION 21. GOVERNING LAW. This IP Security Agreement shall be
governed by, and construed in accordance with, the laws of the State of New
York.

<Page>

                                       3

          IN WITNESS WHEREOF, each Grantor has caused this Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.

                                      ACCURIDE TEXAS, INC.

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

                                      ACCURIDE VENTURES, INC.

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

                                      ACCURIDE KENTUCKY HOLDING
                                      COMPANY

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

                                      ACCURIDE HENDERSON FACILITIES
                                      MANAGEMENT CORPORATION

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

                                      ACCURIDE HENDERSON LIMITED
                                      LIABILITY COMPANY

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

<Page>

                                       4

                                      ACCURIDE TENNESSEE HOLDING
                                      COMPANY

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

                                      ACCURIDE COLUMBIA FACILITIES
                                      MANAGEMENT CORPORATION

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

                                      ACCURIDE COLUMBIA GENERAL
                                      PARTNERSHIP

                                      By:  ACCURIDE VENTURES, INC., its
                                           General Partner

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

Acknowledged and agreed to
as of the date first above written:

[                          ]
 --------------------------
By:
    ----------------------
Name:

<Page>

                                                                EXHIBIT F TO THE
                                                              SECURITY AGREEMENT

           FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT

          This INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT (this "IP
SECURITY AGREEMENT Supplement") dated ________, ____, is made by the Person
listed on the signature page hereof (the "GRANTOR") in favor of Citicorp USA,
Inc. ("CUSA"), as Administrative Agent (the "ADMINISTRATIVE AGENT") for the
Secured Parties (as defined in the Credit Agreement referred to below).

          WHEREAS, Accuride Corporation, a Delaware corporation and Accuride
Canada, a corporation existing under the laws of Ontario, Canada, have entered
into the second amended and restated Credit Agreement dated as of July __, 2001
(as amended, amended and restated, supplemented or otherwise modified from time
to time, the "CREDIT AGREEMENT"), with Citicorp USA, Inc., as Administrative
Agent and Administrative Agent, and the Lender Parties party thereto. Terms
defined in the Credit Agreement and not otherwise defined herein are used herein
as defined in the Credit Agreement.

          WHEREAS, pursuant to the Credit Agreement, the Grantor and certain
other Persons have executed and delivered that certain Security Agreement dated
July __, 2001 made by the Grantors and such other Persons to the Administrative
Agent (as amended, amended and restated, supplemented or otherwise modified from
time to time, the "SECURITY AGREEMENT"). To create a short form version of the
Security Agreement covering certain intellectual property of the Grantor and
such other Persons for recording with the U.S. Patent and Trademark Office, the
United States Copyright Office and other governmental authorities, the Grantor
and such other Persons have executed and delivered that certain Intellectual
Property Security Agreement made by the Grantor and such other Persons to the
Administrative Agent dated July __, 2001 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the "IP SECURITY
AGREEMENT").

          WHEREAS, under the terms of the Security Agreement and the IP Security
Agreement, the Grantor has granted a security interest in the Additional
Collateral (as defined in Section 1 below) of the Grantor to the Administrative
Agent for the ratable benefit of the Secured Parties and has agreed as a
condition thereof to execute this IP Security Agreement Supplement for recording
with the U.S. Patent and Trademark Office, the United States Copyright Office
and other governmental authorities.

          NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Grantor agrees as follows:

          SECTION 1. CONFIRMATION OF GRANT OF SECURITY. The Grantor hereby
acknowledges and confirms the grant of a security interest to the Administrative
Agent for the ratable benefit of the Secured Parties under the Security
Agreement and the IP Security Agreement in and to all of the Grantor's right,
title and interest in and to the following (the "ADDITIONAL COLLATERAL"):

<Page>

                                       2

               (i)   The United States, international, and foreign patents,
          patent applications, and patent licenses set forth in Schedule A
          hereto, together with all reissues, divisions, continuations,
          continuations-in-part, extensions and reexaminations thereof, and
          all rights therein provided by international treaties or conventions
          (the "PATENTS");

               (ii)  The United States and foreign trademark and service mark
          registrations, applications, and licenses set forth in Schedule A
          hereto (the "TRADEMARKS");

               (iii) The copyrights, United States and foreign copyright
          registrations and applications and copyright licenses set forth in
          Schedule A hereto (the "COPYRIGHTS");

               (iv)  any and all claims for damages for past, present and
          future infringement, misappropriation or breach with respect to the
          Patents, Trademarks and Copyrights, with the right, but not the
          obligation, to sue for and collect, or otherwise recover, such
          damages; and

               (v)   any and all proceeds of the foregoing.

          SECTION 2. SUPPLEMENT TO SECURITY AGREEMENT AND IP SECURITY AGREEMENT.
Schedule V to the Security Agreement and Schedule A to the IP Security Agreement
are each, effective as of the date hereof, hereby supplemented to add to such
Schedules the Additional Collateral.

          SECTION 3. RECORDATION. The Grantor authorizes and requests that the
Register of Copyrights, the Commissioner of Patents and Trademarks and any other
applicable government officer to record this IP Security Agreement Supplement.

          SECTION 4. GOVERNING LAW. This IP Security Agreement Supplement shall
be governed by, and construed in accordance with, the laws of the State of New
York.

          IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.

                                       [NAME OF GRANTOR]

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

                                       Address for Notices:

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

Acknowledged and agreed to as of

<Page>

                                       3

the date first above written:

[                    ]
 --------------------

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

<Page>

                                                                EXHIBIT G TO THE
                                                              SECURITY AGREEMENT

                    FORM OF CASH CONCENTRATION ACCOUNT LETTER

                                                   ---------------, ----

[Name and address
of Collateral Bank]

                             [NAME OF THE BORROWER]

Gentlemen/women:

          Reference is made to (i) deposit account no. __________ (the "CASH
CONCENTRATION ACCOUNT") and (ii) deposit account no. _________ (the "OPERATING
ACCOUNT"), in each case into which certain monies, instruments and other
properties are deposited from time to time (collectively, the "PLEDGED
ACCOUNTS") maintained with you by ____________________ (the "GRANTOR"). Pursuant
to the Security Agreement dated July __, 2001 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the "SECURITY AGREEMENT"),
the Grantor has granted to Citicorp USA, Inc., as Administrative Agent (together
with any successor Administrative Agent appointed pursuant to Article VIII of
the Credit Agreement, the "ADMINISTRATIVE AGENT") for the Secured Parties
referred to in the second amended and restated Credit Agreement dated as of July
__, 2001, with the Grantor, a security interest in, and upon issuance of written
instructions of the Administrative Agent pursuant to paragraph (g) below, sole
dominion and control of, certain property of the Grantor, including, among other
things, the following (the "ACCOUNT COLLATERAL"): each Pledged Account, all
funds held therein and all certificates and instruments, if any, from time to
time representing or evidencing such Pledged Account, all interest, dividends,
distributions, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all
of the then existing Account Collateral and all proceeds of any and all of the
foregoing Account Collateral. It is a condition to the continued maintenance of
the Pledged Accounts with you that you agree to this letter agreement.

          By executing this letter agreement, you acknowledge notice of, and
consent to the grant of the security interest in, and the pledge and assignment
of, the Account Collateral to the Administrative Agent for the benefit of the
Secured Parties and you confirm to the Administrative Agent that the description
of the Pledged Accounts set forth on Schedule I hereto is correct and that you
have not received any notice of any other security interest in, pledge or
assignment of, or other claim (other than that of the Grantor) on, any of the
Pledged Accounts. Further, you hereby agree with the Administrative Agent that:

          (a)    Notwithstanding anything to the contrary in any other agreement
     relating to any Pledged Account, each Pledged Account is and will be
     subject to the security interest, pledge and assignment created under the
     Security Agreement, will be maintained solely for the benefit of the
     Secured Parties in accordance with the provisions of the Loan

<Page>

                                       2

     Documents, will have the title set forth opposite the account number
     therefor on Schedule I hereto and, upon the issuance of written
     instructions of the Administrative Agent pursuant to paragraph (g) below,
     will be subject to written instructions only from an officer of the
     Administrative Agent. Upon the issuance of written instructions by the
     Administrative Agent pursuant to paragraph (g) below, only the
     Administrative Agent will be authorized to withdraw amounts from, to draw
     upon, or, except as otherwise set forth herein, to otherwise exercise any
     powers with respect to the Pledged Accounts (other than the Operating
     Account, as to which authorized signatories of the Borrower shall have such
     powers, subject to the terms and conditions of this letter agreement) and
     the funds deposited therein. You agree to follow any written instructions
     of the Administrative Agent without any further consent from the Grantor.
     The Administrative Agent authorizes and directs that the sole signatories
     authorized to act on behalf of the Administrative Agent with respect to the
     Pledged Accounts are and shall be such officers of the Administrative Agent
     as the Administrative Agent may from time to time designate in a writing
     acceptable to you. You may rely without liability on any such written
     designation, absent manifest error, unless and until you receive a written
     designation to the contrary. Any such written designation shall include the
     specimen signature of each authorized officer of the Administrative Agent.

          (b) You will collect mail from each Pledged Account on each of your
     business days at times that coincide with the delivery of mail thereto.

          (c) You will follow your usual operating procedures for the handling
     of any remittance that contains restrictive endorsements, irregularities
     (such as a variance between the written and numerical amounts), undated or
     postdated items, missing signatures, incorrect payees, etc. received in any
     Pledged Account.

          (d) You will endorse and process all eligible checks and other
     remittance items not covered by paragraph (c) and deposit such checks and
     remittance items in the Cash Concentration Account.

          (e) You will maintain a record of all checks and other remittance
     items received in each Pledged Account and, in addition to providing the
     Grantor with photostats, vouchers, enclosures, etc. of such checks and
     remittance items on a daily basis, furnish to the Administrative Agent a
     monthly statement of each Pledged Account, to be mailed or telecopied to
     the Administrative Agent at: _______________, __________, __________,
     Telecopier No. __________, Attention: __________.

          (f)  Unless the Administrative Agent shall have made the request
     referred to in paragraph (g) below:

               (i) you will transfer amounts on deposit in the Cash
          Concentration Account to the Operating Account to the extent necessary
          to pay all checks drawn on, and all amounts otherwise withdrawn from,
          the Operating Account; and

               (ii) you will from time to time (x) invest amounts on deposit in
          the Cash Concentration Account in such Cash Equivalents (as defined in
          the Credit

<Page>

                                       3

          Agreement, a copy of which definition has been furnished to you) in
          the name of the Grantor as the Grantor may select, and (y) invest
          interest paid on the Cash Equivalents referred to in clause (x) above,
          and reinvest other proceeds of any such Cash Equivalents that may
          mature or be sold, in each case in such Cash Equivalents in the name
          of the Grantor as the Grantor may select. Interest and proceeds that
          are not invested or reinvested in Cash Equivalents as provided above
          shall be deposited and held in the Cash Concentration Account. In
          addition, the Administrative Agent has the right at any time to direct
          you to exchange such Cash Equivalents for similar Cash Equivalents of
          smaller or larger denominations, or for other Cash Equivalents, and
          you agree to comply with any such direction.

          (g)  Upon the written request of the Administrative Agent to you, you
     will transfer, in same day funds, on each of your business days thereafter
     until the Administrative Agent withdraws such request in writing (in which
     case the provisions of paragraph (g) shall again become operative), all
     amounts collected from or on deposit in the Pledged Accounts (or such
     lesser amounts as the Administrative Agent shall direct) on such day to the
     following account (the "COLLATERAL ACCOUNT"):

                                    [Name of the Grantor]
                           Account No. ________

                           ______________
                           ______________
                           ______________
                           Attention:  ______________

     Each such transfer of funds shall neither comprise only part of a
     remittance nor reflect the rounding off of any funds so transferred.

          (h)   All transfers referred to in paragraph (g) above shall be made
     by you irrespective of, and without deduction for, any counterclaim,
     defense, recoupment or set-off and shall be final, and you will not seek
     to recover from the Administrative Agent for any reason any such payment
     once made.

          (i)   All service charges and fees with respect to any Pledged Account
     shall be payable by the Grantor, and deposited checks returned for any
     reason shall not be charged to the applicable Pledged Account [, but may
     be charged to another account maintained by the Grantor with you].

          (j)   The Administrative Agent shall be entitled to exercise any and
     all rights of the Grantor in respect of the Pledged Accounts and the
     other Account Collateral in accordance with the terms of the Security
     Agreement, and you shall comply in all respects with such exercise.

          You hereby represent and warrant that the person executing this
letter agreement on your behalf is duly authorized to do so.

<Page>

                                      4

          No amendment or waiver of any provision of this letter agreement,
nor consent to any departures by you or the Grantor herefrom, shall be
effective unless the same shall be in writing as signed by you, the Grantor
and the Administrative Agent.

          This letter agreement shall be binding upon you and your successors
and assigns and shall inure to the benefit of the Secured Parties and their
successors, transferees and assigns. You may terminate this letter agreement
upon thirty days' prior written notice to the Grantor and the Administrative
Agent. Upon such termination you shall close the Pledged Accounts and transfer
all funds in the Pledged Accounts to the Collateral Account or another account
as instructed by the Administrative Agent at such time. After any such
termination, you shall nonetheless remain obligated promptly to transfer to
the Collateral Account or to such other account as instructed by the
Administrative Agent at such time all funds and other property received in
respect of the Pledged Accounts.

          This letter agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which when taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this letter agreement by telecopier shall
be effective as delivery of an original executed counterpart of this letter
agreement.

<Page>

                                      5

          Please indicate your acknowledgment of and agreement to the provisions
of this letter agreement by signing in the appropriate space provided below and
returning this letter agreement to ________________, _______________,
__________, ________ ______, Telecopier No.: (212) ___-____, Attention:
________________. If you elect to deliver this letter agreement by telecopier,
please arrange for the executed original to follow by next-day courier.

          This letter agreement shall be governed by, and construed in
accordance with, the laws of the State of New York.

                                          Very truly yours,

                                          [NAME OF GRANTOR]

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

                                          CITICORP USA, INC., as Administrative
                                          Agent

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

Acknowledged and agreed to as of
the date first above written:

[NAME OF COLLATERAL BANK]

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

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