Document:

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                                  EXHIBIT 10.31

                                 9 FEBRUARY 2000

                            SHARE PURCHASE AGREEMENT

                                     BETWEEN

                            GENERAL CABLE CORPORATION

                                       AND

                          PIRELLI CAVI E SISTEMI S.P.A.

        RELATING TO THE ACQUISITION OF CERTAIN COMPANIES COMPRISED IN THE
               ENERGY CABLES DIVISION OF GENERAL CABLE CORPORATION

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                                TABLE OF CONTENTS

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                                                                                                          PAGE

<S>                                                                                                       <C>
1        DEFINITIONS AND INTERPRETATION......................................................................1

2        CONDITIONS..........................................................................................8

3        SALE AND PURCHASE..................................................................................11

4        CONSIDERATION......................................................................................12

5        CLOSING AND SUBSEQUENT CLOSING.....................................................................15

6        PERIOD BEFORE CLOSING..............................................................................17

7        WARRANTIES.........................................................................................19

8        RESTRICTIONS ON THE VENDOR AND THE SHAREHOLDERS....................................................23

9        UNDERTAKINGS.......................................................................................24

10       INDEMNITY..........................................................................................27

11       TRANSITIONAL ARRANGEMENTS..........................................................................28

12       INTELLECTUAL PROPERTY..............................................................................29

13       BONDS AND GUARANTEES...............................................................................33

14       PENSIONS...........................................................................................33

15       TAXATION...........................................................................................33

16       CONFIDENTIALITY....................................................................................33

17       ASSIGNMENT.........................................................................................34

18       GENERAL............................................................................................34

19       NOTICES............................................................................................36

20       GOVERNING LAW AND JURISDICTION.....................................................................38

SCHEDULE 1 THE COMPANIES....................................................................................39

SCHEDULE 2 THE SUBSIDIARIES.................................................................................48

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THIS AGREEMENT is made on 9 February 2000 between the following parties:

(1)      GENERAL CABLE CORPORATION, a company incorporated in Delaware, USA
         whose principal place of business is at 4 Tesseneer Drive, Highland
         Heights, Kentucky 41076, USA (the "VENDOR"); and

(2)      PIRELLI CAVI E SISTEMI S.P.A., a company incorporated in Italy whose
         principal place of business is at Viale Sarca 222, Milan, Italy (the
         "PURCHASER")

WHEREAS

(A)      The Vendor has agreed to sell (and to procure that the Shareholders
         shall sell) and the Purchaser has agreed to purchase the Shares on the
         terms and subject to the conditions of this Agreement.

(B)      Details of the Companies are set out in Schedule 1.

IT IS AGREED as follows

1        DEFINITIONS AND INTERPRETATION

1.1      The Recitals and Schedules form part of this Agreement and shall have
         the same force and effect as if set out in the body of this Agreement.
         Any reference to this Agreement shall include the Recitals and
         Schedules.

1.2      In this Agreement, the following words and expressions shall have the
         following meanings:-

         "ACCOUNTING PRINCIPLES" means the UK generally accepted accounting
         principles which are set out in Schedule 8;

         "THE AGREED FORM" means the form agreed between and initialled for the
         purposes of identification by or on behalf of the Vendor and the
         Purchaser;

         "ASSETS" means all the property, rights and assets owned and/or used by
         any of the Sale Group Companies exclusively or primarily in connection
         with the Businesses to be sold pursuant to this Agreement or any Share
         Transfer Agreement;

         "BUSINESSES" means those businesses comprising the energy cable
         operations (including low medium high voltage cable and industrial
         cables including accessories, compound and copper rod production) of
         the Vendor in the United Kingdom (other than the Excluded Businesses),
         Italy, Zimbabwe, Angola, Mozambique, Malaysia, China, Hong Kong and
         Singapore;

         "BUSINESS DAY" means any other day than a Saturday, Sunday or any other
         day which is a public holiday in England on which commercial banks are
         open for business in London, England, Milan, Italy and New York City,
         New York.

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         "CLOSING" means closing of the sale and purchase of the Shares of the
         UK Companies and BICC General CAVI Cavi SrL and of any other Shares the
         sale and purchase of which is completed on the Closing Date pursuant to
         Clause 2 in accordance with this Agreement;

         "THE CLOSING DATE" means the date being the last day of the monthly
         accounting period of the Vendor (an "ACCOUNTING PERIOD") in which the
         conditions specified in Clause 2 are (or the last of them is) satisfied
         or waived provided that (i) the Closing Date shall not be earlier than
         30 April 2000 and (ii) if the Closing Date would fall on a date being
         less than three Business Days prior to the last day of a relevant
         Accounting Period, Closing shall take place on the last day of the next
         Accounting Period;

         "CLOSING FIXED ASSET VALUE" means the aggregate value at Closing of the
         fixed assets of the Sale Group Companies as determined in accordance
         with UK GAAP with the exclusions set forth in paragraphs A and B of the
         Accounting Principles;

         "CLOSING LIABILITIES" means the aggregate value at Closing of the
         liabilities, provisions and debts of the Sale Group Companies as
         determined in accordance with UK GAAP with the exclusions as set forth
         in the Accounting Principles and listed in the paragraphs H to N
         thereof including any adjustments for Third Party Interests and, for
         the avoidance of doubt, the Sale Group Debt;

         "THE CLOSING STATEMENT" means the statement agreed or determined in
         accordance with Clause 4 and the Accounting Principles;

          "CLOSING NET WORKING CAPITAL VALUE" means the aggregate value at
          Closing of the net working capital of the Sale Group Companies as
          determined in accordance with UK GAAP with the exclusions set forth in
          the Accounting Principles and listed in paragraphs C, D, E, F and G
          thereof;

         "THE COMPANIES" means the companies listed in Schedule 1.

         "THE CONSIDERATION" means the sum referred to in Clause 4.1, as
         adjusted in accordance with Clause 4.2;

         "THE DISCLOSURE LETTER" means the letter dated the date of this
         Agreement from the Vendor to the Purchaser making certain disclosures
         against the Warranties;

         "EMPLOYEES" means the employees of all of the Sale Group Companies,
         details of which are set out in Schedule 13.

         "ENCUMBRANCE" means any interest or equity of any person (including any
         right to acquire, option or right of pre-emption) or any mortgage,
         charge, pledge, lien, assignment, hypothecation, security interest,
         title retention or any other security agreement or arrangement;

         "ENERGY FIELD" means the following fields of operation:

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         - activities, including without limitation research, development, make,
           have made, test, control, sell, import, purchase; - products,
           including without limitation cables and cable accessories, parts
           thereof, including materials (for example insulating materials,
           fillers, conductors);

         - services, including without limitation installation, maintenance,
           fault detection, measurements, line control;

         all for use with the transport and distribution of electric energy;

         "ENVIRONMENTAL INDEMNITY" means the indemnity set out in Schedule 12 of
         this Agreement;

         "EXCLUDED BUSINESSES" means the cable businesses operated by Carol
         Cable Limited, Carol Cable Europe Limited and BICC General Pyrotenax
         Cables Limited in the United Kingdom;

         "THE EXECUTIVES" means the employees listed in Schedule 16;

         "FACTORING AGREEMENT" means the agreement dated 25 November 1999
         between Mediofactoring SpA and BICC General Ceat Cavi s.r.l. pursuant
         to which BICC General CAVI Cavi S.r.l. has agreed to factor certain
         trade debts due to it from Enel SpA;

         "GLENCORE CREDIT TERMS" means the terms set out in a fax dated 22
         December 1999 from Glencore to BICC General Cables UK Limited in
         relation to the supply by Glencore of copper cathodes during 2000;

         "GLENCORE" means Glencore UK Limited;

         "GROUP COMPANY" means in relation to any company, any body corporate
         which is from time to time a holding company of that company, a
         subsidiary of that company or a subsidiary of a holding company of that
         company;

         "HITACHI" means Hitachi Cable Limited, a Japanese corporation

         "THE HITACHI AGREEMENTS" means the technical collaboration agreements
         dated 29th May 1991, 22nd December 1995 and 8th October 1997 in respect
         of which Hitachi has provided know-how utilised by BICC General Cables
         UK Limited in the operation of its works at Erith, Kent

         "INTELLECTUAL PROPERTY RIGHTS" shall mean all world-wide registerable
         or unregisterable rights including patents, applications for patents
         and other patent rights, utility models, applications for utility
         models, trademarks, trade names, company names, product names,
         copyrights, (including any rights in computer software and
         documentation therefor and the source codes), design rights, mask work
         rights, know-how, trade secrets, data, information, inventions,
         technology, processes, methods, experiences, formulas, findings and all
         other intellectual property rights including know-how or any analogous
         rights anywhere in the world;

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         "INITIAL CONSIDERATION" means the sum referred to in Clause 4.1;

         "ISSUED SHARE CAPITAL" means, in relation to a company, its issued
         share capital excluding any part of that capital which, neither as
         respects dividends nor as respects capital, carries any right to
         participate beyond a specified amount in a distribution;

         "MAJORITY OWNED SALE GROUP COMPANIES" means any Sale Group Company
         (other than the Wholly Owned Group Companies) in which the Vendor,
         directly or indirectly, owns more than 50 per cent. of the Equity Share
         Capital;

         "MINORITY SALE GROUP COMPANIES" means the Sale Group Companies other
         than the Relevant Sale Group Companies;

         "OVERSEAS COMPANIES" means BICC General Cables Asia Pacific Pte Ltd,
         BICC General Baosheng Cable Co Ltd, BICC Energy Cables Pte Limited,
         BICC Malaysia Sdn Bhd, BICC Cables Malaysia Pte Ltd, BICC General
         Cables Malaysia Sdn Bhd, BICC China Cables Limited, BICC CAFCA Ltd,
         Celmoque-Fabrica Nacional de Contudores Electricos SARL, BICC (Central
         Africa) (Private) Ltd, Zimbabwe Cables (PTE) Ltd, Condel-Fabrica de
         Contudores Electricos de Angola SARL and Transpower Cables Pte Limited;

         "THE PARTIES" means the parties to this Agreement;

         "THE PROPERTIES" means the freehold and leasehold properties of each of
         the Companies, details of which are given in Schedule 5;

         "PROPORTIONATE SHARE" means the proportion which the Equity Share
         Capital of the relevant corporate entity held by the relevant member of
         the Vendor's Group bears to the entire Equity Share Capital of the
         relevant corporate entity;

         "PURCHASER'S ACCOUNTANTS" means KPMG;

         "PURCHASER'S GROUP" means the Purchaser and any Group Company of the
         Purchaser (including, with effect from Closing, the Sale Group
         Companies which have been acquired by the Purchaser with effect from
         such Closing);

         "PURCHASER'S LAWYERS" means Weil, Gotshal & Manges of 1 South Place,
         London EC2M 2WG;

         "RELEVANT PURCHASER" means the Purchaser and any member of the
         Purchaser's Group nominated prior to Closing by the Purchaser as the
         purchaser of the Shares in any of the Companies;

         "RELEVANT SALE GROUP COMPANY" means any Wholly Owned Sale Group Company
         or Majority Owned Sale Group Company;

         "RELEVANT SALE GROUP COMPANIES' CASH BALANCES" means cash in hand held
         by, or credited to any account or on deposit with a bank on behalf of
         any Relevant Sale Group Company as at the close of business on the
         Closing Date;

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         "SALE GROUP" or "SALE GROUP COMPANIES" means each of the Companies and
         the Subsidiaries;

         "SALE GROUP COMPANIES BALANCE SHEET" means the pro forma aggregated
         balance sheet of the Sale Group Companies set out in Schedule 17 and
         prepared by the Vendor showing the assets and liabilities of the Sale
         Group Companies as at 30 November 1999 after interelimination between
         the Sale Group Companies and after adjustment for Third Party
         Interests;

         "SALE GROUP DEBT" means all amounts due and payable on the Closing Date
         from any of the Sale Group Companies to any member of the Vendor's
         Group (other than trade debts arising in the ordinary course) the
         amount of which shall be certified by the Vendor to the Purchaser not
         less than three Business Days prior to Closing;

         "SHAREHOLDERS" means in respect of each Company, the shareholder
         referred to in paragraph 9 of each part of Schedule 1;

         "THE SHARES" means the shares, quotas or other securities in the
         capital of each of the Companies referred to in paragraph 9 of each
         part of Schedule 1;

         "SHARE TRANSFER AGREEMENTS" means the agreements (if any) substantially
         in the Agreed Form required in order to effect the sale and purchase of
         Shares outside the United Kingdom in the jurisdictions referred to
         therein to be entered into between the relevant Shareholder and the
         Relevant Purchaser on or following Closing;

         "SUBSEQUENT CLOSING" means, in relation to the Shares of any Overseas
         Company the sale and purchase of which is not completed on or with
         effect from the Closing Date, each Closing of the sale and purchase of
         such Shares pursuant to Clause 2.6 (to the extent applicable);

         "SUBSEQUENT CLOSING DATE" means the date on which any Subsequent
         Closing takes place;

         "THE SUBSIDIARIES" means the subsidiaries of the Companies, details of
         which are set out in Schedule 2;

         "TAX" or "TAXATION" shall have the meaning ascribed thereto in the Tax
         Deed ;

         "THE TAX DEED " means the deed in the Agreed Form to be entered into
         between the Vendor and the Purchaser;

         "TERRESTRIAL FIELD" means the part of the Energy Field which is
         associated with the transport and distribution of electric energy out
         of water (including aerial and underground);

         "THIRD PARTY INTERESTS" means the proportionate share of ownership in
         any Sale Group Company owned by a party other than a member of the
         Vendor's Group;

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         "UNDERWATER FIELD" means the part of the Energy Field which is
         associated with the transport and distribution of electric energy
         underwater;

         "UK COMPANIES" means BICC General UK Cables Limited, BICC General
         Industrial Cables Limited, BICC General Supertension Cables (1980) Ltd
         and BICC General Rod Rollers Limited

         "UK EMPLOYEES" means Employees of the UK Companies.

         "US$" or "US DOLLARS" means the lawful currency for the time being of
         the United States of America;

         "THE VENDOR'S ACCOUNTANTS" means Deloitte & Touche;

         "VENDOR'S GROUP" means the Vendor and any Group Company of the Vendor
         from time to time (other than the Sale Group Companies except, on or
         after Closing, those Sale Group Companies which are not acquired by the
         Purchaser at or with effect from such Closing);

         "VENDOR GROUP DEBT" means all amounts due and payable on the Closing
         Date from any member of the Vendor's Group to any Sale Group Company
         the amount of which shall be certified by the Vendor to the Purchaser
         not less for seven days before Closing;

         "VENDOR'S LAWYERS" means Norton Rose of Kempson House, PO Box 570,
         Camomile Street, London EC3A 7AN;

         "WHOLLY OWNED SALE GROUP COMPANIES" means the Sale Group Companies
         which are wholly owned directly or indirectly by the Vendor;

         "THE WARRANTIES" means the representations, warranties and undertakings
         set out in Schedule 4 and paragraph 2 of Schedule 12;

         "WARRANTY CLAIM" means a claim by the Purchaser pursuant to the
         provisions of Clause 7.1.

1.3      In this Agreement (unless the context requires otherwise):-

         1.3.1    a "SUBSIDIARY UNDERTAKING" or "PARENT UNDERTAKING" is to be
                  construed in accordance with section 258 of the Companies Act
                  1985 and a "SUBSIDIARY" or "HOLDING COMPANY" is to be
                  construed in accordance with section 736 of the Companies Act
                  1985;

         1.3.2    any reference to any statute or statutory provision includes a
                  reference to any subordinate legislation made under that
                  statute or statutory provision before the date of this
                  Agreement, to any modification, re-enactment or extension of
                  that statute or statutory provision made before that date and
                  to any former statute or statutory provision which it
                  consolidated or re-enacted before that date;

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         1.3.3    any gender includes a reference to the other genders;

         1.3.4    the singular includes a reference to the plural and vice
                  versa;

         1.3.5    any reference to a Recital, Clause or Schedule is to a
                  Recital, Clause or Schedule (as the case may be) of or to this
                  Agreement;

         1.3.6    "directly or indirectly" means (without limitation) either
                  alone or jointly with any other person, firm or body corporate
                  and whether on his own account or in partnership with another
                  or others or as the holder of any interest in or as officer,
                  employee or agent of or consultant to any other person, firm
                  or body corporate; and

1.4      The headings in this Agreement do not form part of and shall not affect
         the interpretation of this Agreement or any part of it.

2        CONDITIONS

2.1      Closing shall be conditional upon:-

         2.1.1    the European Commission either:

                  (a)      indicating that the sale and purchase of all or any
                           of the Shares (the "TRANSACTION") does not give rise
                           to a concentration falling within the scope of
                           Council Regulation (EEC) 4064/89 concerning the
                           control of concentrations between undertakings as
                           amended by Council Regulation (EC) No 1310/97 (the
                           "REGULATION"); or

                  (b)      the European Commission issuing a decision, pursuant
                           to Article 6(1)(b) of the Regulation, declaring the
                           Transaction compatible with the common market without
                           imposing any conditions or obligations that are not
                           on terms reasonably satisfactory to all the parties
                           or the period laid down by Article 10(1) for a
                           decision under Article 6(1)(b) having elapsed without
                           a decision having been taken;

         2.1.2    on the European Commission, in the event that a request has
                  been made by a Member State under Article 9(2) of the
                  Regulation, indicating that it does not intend to refer the
                  Transaction or any part of the Transaction to a competent
                  authority of any Member State;

         2.1.3    on no indication having been made that a Member State may take
                  appropriate measures to protect legitimate interests pursuant
                  to Article 21(3) of the Regulation in relation to the
                  Transaction or any aspect of the Transaction and

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                  on no Member State taking any measures to protect legitimate
                  interests pursuant to Article 21(3) of the Regulation;

         2.1.4    if the European Commission either (i) decides to initiate
                  proceedings under Article 6(1)(c) of the Regulation in
                  relation to the whole or part of the Transaction or (ii)
                  issues a decision, pursuant to Article 9(1) of the Regulation,
                  referring the whole or any part of the Transaction to the
                  competent authorities of any Member State concerned and the
                  Vendor agrees to continue the Transaction, the Purchaser shall
                  waive condition 2.1.1 and Closing shall be conditional on:

                  (a)      the European Commission issuing a decision, pursuant
                           to Article 8(2) of the Regulation, declaring the
                           whole or all those parts of the Transaction in
                           respect of which the proceedings were initiated
                           compatible with the common market without imposing
                           any conditions or obligations that are not on terms
                           reasonably satisfactory to all the parties; and

                  (b)      the competent authority of any Member State to whom
                           the European Commission has referred the whole or any
                           part of the Transaction granting a clearance in
                           respect of the whole or those parts of the
                           Transaction referred to it without imposing any
                           conditions or obligations that are not on terms
                           reasonably satisfactory to all the parties;

         2.1.5    the Vendor procuring, at its cost, (i) written confirmation
                  from Hitachi, in a form reasonably acceptable to the
                  Purchaser, that Hitachi will not exercise any right which it
                  may have to terminate the Hitachi Agreements as a consequence
                  of the acquisition by the Purchaser of BICC General Cables UK
                  Limited (and that Hitachi has no objection to the purchase by
                  the Purchaser of the Shares of BICC General Cables UK Limited)
                  (ii) the execution by Hitachi of assignments of the benefit of
                  such of the Hitachi Agreements as are not in the name of BICC
                  General Cables UK Limited to BICC General UK Cables Limited;

         2.1.6    on the Purchaser having not exercised its right to terminate
                  the Agreement in accordance with either Clause 7.4 or Clause
                  7.5.

2.2      Notwithstanding Clause 2.1 the Purchaser shall be entitled by notice in
         writing given to the Vendor to waive (to such extent as it may think
         fit) compliance with any of the conditions in Clause 2.1.

2.3      The Parties shall respectively use all reasonable endeavours to procure
         that the conditions stated in Clause 2.1 are fulfilled as soon as
         practicable and in any event before 31 August 2000. If, at any time,
         the Vendor or the Purchaser becomes aware of a fact or

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         circumstance that might prevent a condition being satisfied, it shall
         immediately inform the other Party.

2.4      The Purchaser and the Vendor shall keep each other informed at all
         times of any dealings with any government, governmental, trade agency
         or regulatory authority in relation to the proposed acquisition and
         shall co-operate in any such dealings and all requests and enquiries
         from any such body shall promptly be dealt with by the Purchaser and
         the Vendor in consultation with each other.

2.5      If any of the conditions set out in Clause 2.1 (to the extent it has
         not been waived pursuant to Clause 2.2) shall not have been satisfied
         by 31 August 2000, this Agreement (except for the provisions of this
         Clause and of Clauses 1 (definitions), 16 (confidentiality), 18.4
         (costs), 19 (notices) and 20 (governing law)) shall be null and void
         and of no further effect and the Parties shall be released and
         discharged from their respective obligations under this Agreement.

2.6      Closing of the sale and purchase of the Shares in any Overseas Company
         shall be conditional upon:

         2.6.1    in respect of the sale and purchase of the Shares of BICC
                  CAFCA Limited, receipt of a waiver or appropriate release, in
                  a form reasonably satisfactory to the Purchaser, from any
                  obligations under the rules of the Zimbabwe Stock Exchange
                  pursuant to the Exchange Control (General) Order, 1996 and
                  receipt by the Purchaser, in a form reasonably satisfactory to
                  the Purchaser, of any permission required from the Reserve
                  Bank of Zimbabwe pursuant to the Exchange Control (General)
                  Order, 1996;

         2.6.2    in respect of the sale and purchase of Shares of BICC Cables
                  Asia-Pacific Pte. Ltd receipt by the Purchaser of a waiver or
                  an appropriate release, in a form reasonably satisfactory to
                  the Purchaser from Jiangsu Baoshang Group Co. Ltd. in respect
                  of its right of termination for change of control pursuant to
                  the Equity Joint Venture Contract for BICC General Baoshang
                  Cable Co. Ltd. dated 28th July, 1999 between BICC Cables
                  Asia-Pacific Pte. Ltd and Jiangsu Baoshang Group Co. Ltd;

         2.6.3    the granting in terms reasonably satisfactory to the Purchaser
                  of any other consents, approvals, authorisations or clearances
                  which are required for the transfer of the Shares of the
                  relevant Overseas Company from any government, governmental or
                  regulatory bodies, agencies or authorities or any third party,
                  in any of the jurisdictions in which the relevant Overseas
                  Company is incorporated or in respect of which a subsidiary of
                  such Overseas Company is incorporated provided however, that
                  any such condition shall only apply if

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                  notified by the Purchaser to the Vendor within 30 days of the
                  date of this Agreement;

2.7      The Vendor and the Purchaser each undertakes to the other that it shall
         use reasonable endeavours to procure that the conditions set out in
         Clause 2.6 are satisfied as soon as reasonably practicable after the
         date hereof and in any event prior to the date being 12 months after
         the Closing Date (the "END DATE").

2.8      In the event that the condition set out in Clause 2.6.2 has not been
         satisfied on or before the End Date the Vendor shall procure that BICC
         General Cables Asia-Pacific Pte Ltd. transfers the whole of its
         shareholding in the capital of BICC General Baosheng Cable Co. Ltd (the
         "CHINA VENTURE") to another member of the Vendor's Group in which case
         Clause 8.1.3 of this Agreement shall be of no further effect.

2.9      Closing shall take place in accordance with Clause 5 notwithstanding
         that, on the Closing Date, any of the conditions set out in Clause 2.6
         shall not have been satisfied.

3        SALE AND PURCHASE

3.1      The Vendor shall sell (and procure that each Shareholder shall sell)
         with full title guarantee free from all liens, charges, encumbrances
         and any other third party rights and the Purchaser shall purchase (and
         procure that each of the Relevant Purchasers shall purchase) the Shares
         with effect from and including the Closing Date or the Subsequent
         Closing Date (as the case may be) to the intent that as from that date
         all rights and advantages accruing to the Shares, including any
         dividends or distributions declared or paid on the Shares after that
         date, shall belong to the Purchaser.

4        CONSIDERATION

4.1      The Consideration payable for the Shares shall be the sum of US
         $215,600,000 (the "INITIAL CONSIDERATION") as adjusted pursuant to
         Clause 4.2. The consideration for the Shares has been calculated by
         reference to the Sale Group Companies Balance Sheet which demonstrate,
         inter alia, that the Sale Group Companies had on 30th November 1999 net
         working capital of US $186,400,000.

4.2      The Initial Consideration shall be adjusted as follows:-

         4.2.1    there shall be added or, as the case may be, deducted the
                  amount by which the Closing Net Working Capital shall exceed
                  or be less than US $186,400,000. The maximum amount which
                  shall be added to the Initial Consideration pursuant to this
                  paragraph (a) shall be:

                 (a)      US $4,000,000; and

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                  (b)      if directly as a result of the announcement of the
                           execution of this Agreement the Factoring Agreement
                           shall be terminated prior to Closing, US $15,000,000
                           provided such sum directly results from such
                           termination; and/or

                  (c)      if directly as a result of the announcement of the
                           execution of this Agreement the Glencore Credit Terms
                           shall be withdrawn prior to Closing, US $13,000,000
                           provided such sum directly results from such
                           withdrawal;

         4.2.2    there shall be added or, as the case may be, deducted the
                  amount by which the Closing Fixed Asset Value shall exceed or
                  be less than US $240,300,000. The maximum amount which shall
                  be added to the Initial Consideration pursuant to this
                  paragraph 4.2.2 shall be US $6,700,000; and

         4.2.3    there shall be added or, as the case may be, deducted the
                  amount by which the Closing Liabilities are less than, or as
                  the case may be, greater than US $55,800,000.

4.3      On Closing the Purchaser shall pay to the Vendor the sum of US
         $193,000,000 on account of the Consideration, less the amount of the
         Sale Group Debt, and shall procure the repayment by the Sale Group
         Companies of the Sale Group Debt. The balance of the Consideration (if
         any) shall be payable within 3 Business Days following final agreement
         or determination of the Closing Statement in accordance with the
         following provisions of this Clause 4. Should Subsequent Closing not
         have occurred in respect of the Shares of an Overseas Company on the
         date of final agreement or determination of the Closing Statement then
         the Purchaser shall withhold from the payment of the balance of the
         Consideration the amount apportioned to such Overseas Company pursuant
         to Clause 4.4 (the "RETAINED SUM") as adjusted by the Closing
         Statement.

4.4      The Consideration shall be apportioned between the Sale Group Companies
         in the manner to be agreed in good faith between the Purchaser and the
         Vendor prior to Closing but the Purchaser shall not be concerned with
         such division.

4.5      Any amount paid in respect of a breach of any of the Warranties, the
         indemnity set out in Clause 10, the Environmental Indemnity or the Tax
         Deed shall be deemed to give rise to a corresponding reduction in the
         Consideration.

4.6      All payments required to be made under this Agreement or any Share
         Transfer Agreement shall be made by telegraphic transfer in immediately
         available funds in US dollars and to such account with such bank as the
         payee shall nominate by written notice to the payer not less than 3
         Business Days prior to the date of payment.

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4.7      The Vendor shall procure that, as soon as reasonably practicable after
         Closing and in any event within 45 days of Closing, the Vendor shall
         prepare and submit to the Purchaser and the Purchaser's Accountants a
         draft aggregated balance sheet of the Sale Group Companies as at
         Closing ("THE DRAFT STATEMENT"). The Purchaser shall provide full
         access to the Vendor to the relevant books and records of the Sale
         Group Companies as the Vendor may reasonable require in order to
         prepare the Draft Statement. The Draft Statement shall be prepared in
         accordance with the Accounting Principles and shall give a figure for
         the Closing Net Fixed Asset Value, the Closing Net Working Capital
         Value and the Closing Liabilities.

4.8      The Purchaser shall procure that, within 45 days after receipt of the
         Draft Statement, the Purchaser's Accountants shall give written notice
         to the Vendor stating whether or not they propose any amendments to the
         Draft Statement. The Vendor shall procure that the Purchaser's
         Accountants (and any Independent Accountant appointed pursuant to
         Clause 4.11) are given all such assistance and access to all such
         information as they may reasonably require in order to enable them to
         reach their decision.

4.9      If the Purchaser's Accountants give notice that they have no proposed
         amendments to the Draft Statement, then the Draft Statement shall
         constitute the Closing Statement for the purposes of this Agreement. If
         they give notice that they do have proposed amendments to the Draft
         Statement, they shall within such notice inform the Vendor and the
         Purchaser of their proposed amendments and the Vendor and the Purchaser
         shall, within the period of 30 days after receipt of such notice, seek
         to agree the proposed amendments.

4.10     If the Vendor and Purchaser agree the amendments within the 30 day
         period referred to in Clause 4.9, the Draft Statement as so amended
         shall constitute the Closing Statement.

4.11     In the event of any dispute between the Vendor and the Purchaser as to
         any amendment to the Draft Statement proposed pursuant to Clause 4.8
         remaining unresolved at the expiry of the period of 30 days referred to
         in Clause 4.8, the matter or matters in dispute (but no others) shall
         be referred to an independent firm of chartered accountants with an
         international reputation agreed by the Vendor and the Purchaser within
         5 Business Days of the end of such 30 day period or, in the event of a
         failure to agree such firm within 15 business days, by an independent
         firm of chartered accountants with an international reputation
         appointed by the President for the time being of the Institute of
         Chartered Accountants in England and Wales on the application of either
         the Vendor or the Purchaser ("THE INDEPENDENT ACCOUNTANTS"). Such
         Independent Accountants shall determine the matter in dispute on the
         following basis:

                                       12
<PAGE>   15

         4.11.1   the Independent Accountants shall be instructed to notify the
                  Vendor and the Purchaser in writing of their determination of
                  any such matter within 30 days of such referral;

         4.11.2   the Vendor and the Purchaser and their respective accountants
                  shall be entitled to make written submissions to the
                  Independent Accountants, but subject thereto the Independent
                  Accountants shall have power to determine the procedure to be
                  followed in relation to their determination;

         4.11.3   the fees of the Independent Accountants shall be paid by the
                  Vendor and/or the Purchaser in the proportions determined by
                  the Independent Accountants;

         4.11.4   any firm appointed under this Clause shall act as experts and
                  not as arbitrators and their determination shall be binding on
                  the Parties.

4.12     Upon determination of the matter or matters in dispute by the
         Independent Accountants, the Draft Statement, incorporating the
         amendments so determined together with any amendment agreed pursuant to
         Clause 4.10 shall constitute the Closing Statement.

4.13     The Purchaser agrees, following Closing, to use its reasonable
         endeavours to collect all book debts due to the Sale Group Companies at
         Closing ("REASONABLE ENDEAVOURS" for this purpose to exclude the issue
         and conduct of proceedings for the recovery of any debt which remains
         unpaid). If notwithstanding the reasonable endeavours of the Purchaser
         pursuant hereto any book debt shall not be recovered (and, as a
         consequence the Vendor shall suffer a claim in respect thereof under
         this Agreement in respect of which the Vendor makes payment to the
         Purchaser) the Purchaser shall, at the request of the Vendor, assign
         such book debt to the Vendor for US$1.

4.14     The Purchaser agrees, following Closing to sell, utilise or otherwise
         dispose of the stock of the Sale Group Companies at Closing at the best
         price obtainable therefor. If any stock shall remain unsold 12 months
         from Closing which causes the Vendor to suffer a claim in respect of
         which the Vendor makes payment to the Purchaser under this Agreement
         the Purchaser shall, at the request of the Vendor, transfer such stock
         to the Vendor for US$1.

5        CLOSING AND SUBSEQUENT CLOSING

5.1      Closing shall take place on the Closing Date at the offices of the
         Purchaser's Lawyers (or at such other place as the Parties may agree)
         when:-

         5.1.1    the Vendor shall deliver to the Purchaser, or procure the
                  delivery to the Purchaser of, the documents and other items
                  referred to in Schedule 3;

                                       13
<PAGE>   16

         5.1.2    the Vendor and the Purchaser shall jointly procure that there
                  shall be held a meeting of the Board of Directors of each of
                  the Companies to approve the transfer of the Shares;

         5.1.3    the Purchaser shall pay the sum of US $193,000,000 less the
                  Sale Group Debt and less the Retained Sum (if any) to the
                  Vendor, or as the Vendor may direct in writing;

         5.1.4    the Purchaser shall and shall procure that the Sale Group
                  Companies shall, repay the Sale Group Debt in full; and

         5.1.5    the Vendor shall procure that each relevant member of the
                  Vendor's Group shall repay the Vendor Group Debt in full.

5.2      If the Vendor shall fail or be unable to comply with any of its
         obligations under Clause 5.1 on the Closing Date the Purchaser may:

         5.2.1    defer Closing to a date not more than 28 days after that date
                  (in which case the provisions of this Clause 5.2 shall apply
                  to Closing as so deferred); or

         5.2.2    proceed to Closing so far as practicable but without prejudice
                  to the Purchaser's rights (whether under this Agreement
                  generally or under this clause) to the extent that the Vendor
                  shall not have complied with its obligations thereunder; or

         5.2.3    (save where the Purchaser, considering in good faith the
                  materiality or otherwise of the breach, is of the opinion that
                  the breach is immaterial) treat such failure or inability to
                  comply as a repudiatory breach of this Agreement, acceptance
                  of which shall discharge the Purchaser from its undischarged
                  obligations under this Agreement (without prejudice to any
                  other remedy which the Purchaser may have, whether in damages
                  or otherwise).

5.3      Subsequent Closings of the Shares of the relevant Overseas Company
         referred to in Clause 2.6 shall (provided that Closing shall already
         have occurred pursuant to Clause 5.1) take place at the offices of the
         Purchaser's Lawyers or such other location as may be agreed five
         Business Days following satisfaction of the condition(s) applicable to
         the relevant Overseas Company.

5.4      At any Subsequent Closing:

         5.4.1    the Vendor shall procure that those matters referred to in
                  Clause 5.1 and which relate to the relevant Overseas Company
                  are complied with;

                                       14
<PAGE>   17

         5.4.2    the Purchaser shall pay the Retained Sum as calculated in
                  accordance with Clause 4.4 in respect of the relevant Overseas
                  Company or Companies subject to the parties reapplying the
                  provisions of Clause 4 in respect of the relevant Overseas
                  Company or Companies. In the event that a transfer of the
                  China Venture has been made pursuant to Clause 2.8 the
                  Purchaser shall retain from the Retained Sum an amount equal
                  to the proportionate part of the consideration attributable to
                  the China Venture as established by the Closing Statement.

6        PERIOD BEFORE CLOSING

6.1      The Vendor undertakes to and covenants with the Purchaser that it will
         procure that between the date of this Agreement and Closing:-

         6.1.1    no increase shall be made in the authorised, allotted or
                  issued share capitals of any of the Relevant Sale Group
                  Companies;

         6.1.2    no option shall be offered or granted by any of the Relevant
                  Sale Group Companies over the whole or any part of their
                  respective share capitals, whether issued or unissued; and

         6.1.3    no dividends or other distributions shall be declared, made or
                  paid by any of the Relevant Sale Group Companies.

6.2      The Vendor further undertakes to and covenants with the Purchaser that
         it will procure that between the date of this Agreement and Closing
         (save with the previous written consent of the Purchaser not to be
         unreasonably withheld or delayed):-

         6.2.1    the business of each of the Relevant Sale Group Companies
                  shall be carried on in the ordinary and usual course and so as
                  to maintain the same as a going concern and with a view to
                  profit;

         6.2.2    none of the Sale Group Companies:-

                  (a)      alter or agree to alter or terminate or agree to
                           terminate any agreement to which it is a party
                           otherwise than in the ordinary course of business or
                           enter or agree to enter into any unusual or abnormal
                           contract or commitment;

                  (b)      incur any capital expenditure or any material capital
                           commitment not already contractually committed or
                           which is not set out expressly in Schedule 14 or save
                           for disposals in the ordinary course of business
                           dispose of or realise any material capital asset or
                           any interest in any such asset which in any event may
                           not amount to more than US$100,000 for a single item;

                                       15
<PAGE>   18

                  (c)      create or agree to create any Encumbrance over all or
                           any of its assets (other than liens arising in the
                           ordinary course of business) or redeem or agree to
                           redeem any existing security or give or agree to give
                           any guarantee or indemnity except in the ordinary
                           course of business;

                  (d)      alter or agree to alter the terms of any existing
                           borrowing facilities or arrange any additional
                           borrowing facilities;

                  (e)      increase or agree to increase the remuneration
                           (including, without limitation, pension
                           contributions, bonuses, commissions and benefits in
                           kind) of any director or employee beyond the official
                           rate of inflation of the country in which such
                           director or employee works or provide or agree to
                           provide any gratuitous payment or benefit to any
                           director or employee or any of his dependants and no
                           employee having an annual salary in excess of
                           US$50,000 (or the local equivalent thereof) shall be
                           engaged or dismissed or have his terms of employment
                           altered or to permit any employee of the Vendors
                           Group who is not an Employee to transfer his
                           employment to a Sale Group Company.

6.3      The Vendor shall use its reasonable endeavours to ensure that prior to
         the Closing:

         6.3.1    the Factoring Agreement continues in accordance with its terms
                  and is not terminated as a result of any action taken by a
                  member of the Vendor's Group; and

         6.3.2    the Glencore Credit Terms shall not be withdrawn.

6.4      In the event that an Executive gives notice of termination of his
         employment contract prior to Closing the Vendor shall as soon as
         practicable give the Purchaser notice of such termination and shall
         permit the Purchaser to have full access to such Executive in order to
         discuss his resignation. The Vendor shall not terminate the contract of
         employment of any Executive without cause during the period between
         signing and Closing or where relevant Subsequent Closing.

6.5      Subject to the provisions of Clause 16, the Vendor shall, and shall
         procure that the officers and employees of and the professional
         advisers to each of the Relevant Sale Group Companies shall, between
         the date of this Agreement and Closing, at the request of the Purchaser
         supply the Purchaser and/or its professional advisers with such
         information concerning the Relevant Sale Group Companies as the
         Purchaser or its professional advisers may reasonably require in order
         to carry out full due diligence (including for the purposes of an
         environmental phase I investigation and occupational noise assessments)
         in respect of the Sale Group Companies. Subject to prior written

                                       16
<PAGE>   19

         notice the Vendor shall arrange for the Purchaser's representatives to
         attend the Premises of each Sale Group Company and to meet with
         selected employees of each Sale Group Company. It is agreed that (i)
         the Purchaser shall make all requests for any such information and
         access in writing to either M. Downie or G. Kenny of the Vendor and
         (ii) the provisions of this Clause shall not require the Vendor to
         supply the Purchaser with information including, without limitation,
         copies of sales contracts which contain information which in the
         opinion of the Vendor would permit the Purchaser to gain access to
         commercially sensitive information. In the period from satisfaction of
         the condition set out in Clause 2.1 until Closing the Purchaser shall
         provide the Vendor with all information in respect of the Sale Group
         Companies requested by the Purchaser.

7        WARRANTIES

7.1      The Vendor (on behalf of itself and each of the Shareholders)
         represents to the Purchaser that each of the Warranties:-

         7.1.1    is true and accurate in all respects and is not misleading at
                  the date of this Agreement; and

         7.1.2    shall be deemed to be repeated at Closing and on any
                  Subsequent Closing in respect of the relevant Overseas Company
                  as if they had been entered into afresh at Closing or at
                  Subsequent Closing in relation to the relevant Overseas
                  Company by reference to the facts and circumstances then
                  existing.

7.2      The Warranties shall not in any respect be extinguished or affected by
         Closing.

7.3      The Vendor shall procure that neither the Vendor nor any of the
         Shareholders shall do or permit or procure any act or omission before
         Closing or where relevant Subsequent Closing which would constitute a
         breach of any of the Warranties if they were given at Closing or where
         relevant Subsequent Closing or which would make any of the Warranties
         inaccurate or misleading in any material respect if they were so given
         and undertakes to the Purchaser that if, between the date of this
         Agreement and Closing or Subsequent Closing where relevant, any event
         (including for the avoidance of doubt any omission) occurs which
         results, or which may result, in any of the Warranties being
         unfulfilled, untrue or inaccurate at Closing or Subsequent Closing
         where relevant then it will immediately give the Purchaser written
         notice of that event and its consequences and provide the Purchaser
         with all information that the Purchaser requests with regard to the
         event and its consequences that the Purchaser requires in order for the
         Purchaser to assess whether it will serve a notice to terminate
         pursuant to Clauses 7.5.

7.4      If, between the date of this Agreement and Closing, any fire,
         earthquake, flood, war, riot, malicious damage, compliance with a law
         or governmental order, rule, regulation or direction, accident,
         breakdown of plant or machinery, storm, strike, lock-out, labour

                                       17
<PAGE>   20

         dispute or act of God or other calamity ("AN EVENT") shall occur (other
         than an event constituting or giving rise to a breach of any of the
         Warranties) then the Vendor will give the Purchaser written notice of
         that Event and its consequences and will provide the Purchaser with all
         information that the Purchaser requests with regard to the Event that
         the Purchaser requires in order for the Purchaser to assess the
         financial impact of the Event.

7.5      If, before Closing, the Purchaser alleges that

         7.5.1    any of the Warranties was untrue or inaccurate or misleading
                  as at the date of this Agreement or that such Warranty is
                  likely to be untrue or inaccurate on repetition of such
                  Warranty and/or that a claim may be made in respect of the
                  Environmental Indemnity or pursuant to Clause 10 and/or that
                  an Event had occurred; and

         7.5.2    the matter giving rise to such breach of Warranty or a claim
                  under the Environmental Indemnity and/or pursuant to Clause 10
                  and/or the Event will lead to a financial impact on the
                  Consideration representing in excess of US $47,000,000
                  provided that in calculating whether or not the amount of US
                  $47,000,000 has been exceeded neither Clause 7.10 nor Schedule
                  9 shall apply in respect of any alleged breach of Warranty
                  referred to in Clause 7.5.1 and Schedule 9 shall not apply to
                  any claim for indemnity

         the Purchaser shall (subject to Clause 7.6) be entitled by notice in
         writing (setting out the basis of such allegation) given to the Vendor
         before Closing to terminate this Agreement. Termination shall be the
         only right or remedy available to the Purchaser in respect of such
         event and the Purchaser shall have no right to damages or compensation
         in respect thereof.

7.6      The notice given by the Purchaser under Clause 7.5 shall not constitute
         a notice to terminate this Agreement unless within 14 days after
         receipt of the Purchaser's notice pursuant to Clause 7.5 the Vendor by
         written notice to the Purchaser confirms that it disagrees with the
         Purchaser's right of termination in which case the right to terminate
         shall be subject to the Purchaser obtaining a written opinion from a
         queen's counsel instructed by the Vendor and the Purchaser (or in the
         absence of agreement within seven days of the date of the Purchaser's
         notice appointed by the President of the Law Society at the instance of
         either party) that the Purchaser's allegation (and its estimation of
         the financial consequences thereof) is reasonable.

7.7      If the Purchaser serves notice on the Vendor pursuant to Clause 7.5, it
         shall forthwith on request by the Vendor provide to it all appropriate
         documentation and information on which it relies to substantiate or
         support its assertion and to enable the Purchaser to give

                                       18
<PAGE>   21

         instructions to counsel. The Vendor and the Purchaser agree to
         co-operate together and take all reasonable steps to procure that
         counsel is properly instructed and is requested to give his opinion as
         soon as possible. The Purchaser shall prepare the instructions to
         counsel and shall incorporate any reasonable comments or
         representations made by the Vendor thereon. Subject as hereinafter
         provided, pending either the failure of the Vendor to serve a notice
         pursuant to Clause 7.6 or the opinion of counsel referred to in Clause
         7.6 the Purchaser shall not be obliged to complete this Agreement,
         provided that if no written opinion of counsel in the terms of Clause
         7.6. above is obtained from the counsel the right of termination
         asserted by the Purchaser shall be conclusively agreed not to have
         occurred.

7.8      The Vendor acknowledges that the Purchaser has entered into this
         Agreement in reliance on representations in the terms of the Warranties
         made by the Vendor with the intention of inducing the Purchaser to
         enter into this Agreement and that accordingly the Purchaser has been
         induced by those representations to enter into this Agreement.

7.9      The Vendor undertakes to the Purchaser that, in the event of any claim
         being made against it for breach of the Warranties, it will not make
         any claim against any of the Sale Group Companies or against any
         director, officer or employee of any of the Sale Group Companies on
         which or on whom it may have relied before agreeing to any terms of
         this Agreement or authorising any statement in the Disclosure Letter.

7.10     The Warranties:-

         7.10.1   are qualified by reference to those matters fairly disclosed
                  in the Disclosure Letter. In particular, but without
                  limitation, the rights and remedies of the Purchaser in
                  respect of the Warranties shall not be affected by any
                  investigation made by or on behalf of the Purchaser into the
                  affairs of the Sale Group Companies;

         7.10.2   are separate and independent and, unless expressly provided to
                  the contrary, are not limited or restricted by reference to or
                  inference from the terms of any other provision of this
                  Agreement or any other Warranty;

         7.10.3   where qualified by the expression "so far as the Vendor is
                  aware" or some similar reference to the knowledge,
                  information, belief or awareness of the Vendor, such
                  expression shall be deemed to refer to the knowledge of the
                  Vendor having made due and careful enquiry of those persons
                  listed in Schedule 15; and

                                       19
<PAGE>   22

         7.10.4   apply to each of the Subsidiaries as well as to the Companies
                  as if the word "Companies" was defined to mean each of the
                  Subsidiaries and the Companies.

7.11     The provisions of Schedule 9 shall (where relevant) apply to limit the
         liability of the Vendor under the Warranties provided that the
         provisions of Schedule 9 shall not apply in respect of:-

         7.11.1   any claim under paragraph 2.1 (capacity) or 3.1 (share
                  ownership) of Schedule 4; or

         7.11.2   any claim arising out of any fraudulent or wilful
                  non-disclosure on the part of the Vendor or any of its
                  officers, employees or advisers.

8        RESTRICTIONS ON THE VENDOR AND THE SHAREHOLDERS

8.1      The Vendor covenants (on behalf of itself and all of the Shareholders)
         with the Purchaser with the intention of assuring to the Purchaser the
         full benefit and value of the goodwill of the Sale Group that, save
         with the previous written consent of the Purchaser:

         8.1.1    it will not for a period of twelve months following Closing
                  or, if relevant, the Subsequent Closing in respect of the
                  Shares in BICC CAFCA Limited, engage in or be interested in
                  any concern, undertaking firm or body corporation which
                  engages in any energy cable business in Zimbabwe, Angola and
                  Mozambique;

         8.1.2    it will not, for a period of twelve months following Closing,
                  or, if relevant, the Subsequent Closing in respect of the
                  Shares in BICC General Cables Asia-Pacific Pte Ltd, either
                  directly or indirectly, sell or otherwise deal in energy
                  cables to utilities and industrial customers (but excluding
                  for the latter sales of such cables for shipboard, oil rig or
                  mass transit applications) in Malaysia and Singapore;

         8.1.3    it will not, for a period of twelve months following Closing
                  or, if relevant, the Subsequent Closing in respect of the
                  Shares in BICC General Cables Asia-Pacific Pte Ltd, either
                  directly or indirectly, sell or otherwise deal in high-voltage
                  (66 kv) energy power cables in the People's Republic of China;

         8.1.4    it will not for a period of twenty-four months solicit the
                  services of or endeavour to entice away any employee or
                  consultant of any Sale Group Company having an annual salary
                  or fee in excess of US$50,000 (or local equivalent thereof)
                  (whether or not such person would commit any breach of his
                  contract of employment or engagement by reason of leaving the
                  service of such company) or knowingly employ, assist in or
                  procure the employment by any

                                       20
<PAGE>   23

                  other person, firm or body corporate of any such person or for
                  a period of 6 months from the Closing Date employ any Employee
                  of a Sale Group Company

         8.1.5    subject to Clause 12.6, it will not at any time following the
                  Closing Date disclose to any person, firm or body corporate or
                  otherwise make use or permit the use of any trade secrets or
                  confidential knowledge or information concerning the business,
                  finances or affairs of any of the Sale Group Companies or of
                  any of their respective customers, clients or suppliers and
                  will use its best endeavours to prevent the publication or
                  disclosure of any such secrets, knowledge or information by
                  any third party;

8.2      The Vendor agrees that, having regard to the facts and matters above,
         the restrictions contained in Clause 8.1 are reasonable and necessary
         for the protection of the legitimate interests of the Purchaser and
         that, having regard to those facts and matters, those restrictions do
         not work harshly on it. It is nevertheless agreed that, if any of those
         restrictions shall, taken together or separately, be held to be void or
         ineffective for any reason but would be held to be valid and effective
         if part of its wording were deleted, that restriction shall apply with
         such deletions as may be necessary to make it valid and effective.

8.3      The restrictions contained in the sub-clauses of Clause 8.1 shall be
         construed as separate and individual restrictions and shall each be
         capable of being severed without prejudice to the other restrictions or
         to the remaining provisions of this Agreement.

9        UNDERTAKINGS

9.1      The Vendor undertakes to the Purchaser that it shall not and shall
         procure that no member of the Vendor's Group shall following Closing or
         Subsequent Closing as the case may be trade under or use the name BICC
         in respect of a business similar to the Businesses in any country
         outside the USA, Canada or Mexico.

9.2      The Vendor shall procure that within six months of Closing all members
         of the Vendor's Group incorporated in countries outside the USA, Canada
         or Mexico shall remove the word "BICC" from their corporate and trading
         names and shall not use any of the mark "BICC" or the word "BICC" alone
         or as part of another mark or logo nor any similar mark or logo which
         is likely to be confused or associated with the aforementioned in
         association with any of their activities or products and the Purchaser
         and the Vendor shall on Closing or Subsequent Closing procure that each
         Sale Group Company shall pass a resolution to change its name to a name
         without the word "BICC".

9.3      The Purchaser agrees for itself and each of the other Relevant
         Purchasers that no claim shall be made under the Share Transfer
         Agreements and, accordingly, any claim which

                                       21
<PAGE>   24

         could otherwise be made thereunder shall be made under this Agreement
         or, as the case may be, the Tax Deed , in each case subject to the
         limitations contained in this Agreement.

9.4      The Vendor shall supply to the Purchaser a copy of each set of audited
         accounts prepared for each Sale Group Company or where unaudited a copy
         of the final financial statements for such Sale Group Company for the
         period ended 31 December 1999 as soon as practicable following their
         preparation (the "ACCOUNTS"). The Vendor hereby confirms that the
         Accounts will be prepared in accordance with the Accounting Principles
         save to the extent that law in any relevant jurisdiction requires
         otherwise.

9.5      The Vendor shall procure that on Closing M.J. Downie shall resign as a
         director and employee of the Sale Group Companies and that such of the
         non-executive directors of any other Sale Group Company as the
         Purchaser shall nominate in writing prior to Closing shall resign their
         directorships in the Sale Group Companies and the Vendor hereby agrees
         to indemnify the Purchaser against any liability arising from such
         resignations.

9.6      The Vendor undertakes to remove all assets from the Properties which do
         form part of the Assets and do not relate to the Businesses as soon as
         practicable following the Closing Date.9.7

9.7.1    The Vendor shall at its own expense (for the avoidance of doubt
         including stamp duty (if any) and all land registry fees) on or before
         Closing procure a transfer to a nominated company of the Vendor of the
         land shown edged red on plan 8 annexed to this Agreement (the "RETAINED
         LAND") and comprising part of the land and buildings at Prescot Works,
         Hall Lane, Prescot, Lancashire (the "PRESCOT PROPERTY").

9.7.2    The transfer of the Retained Land shall contain reciprocal rights and
         reservations relating to passage of services, light, air, rights of
         way, rights of support and protection and all rights to construct any
         building or buildings on the Prescot Property and the Retained Land
         notwithstanding any diminution in light and air, the right at any time
         within a period of 80 years from the date of the transfer to enter at
         all reasonable times and upon giving to the Vendor (or its successors
         in title) reasonable prior written notice (except in an emergency) and
         remain upon any unbuilt part with or without workmen, plant and
         machinery solely to repair, maintain, construct, reconstruct and build
         any services benefiting the Prescot Property or which may at any time
         in the future be required for the use and enjoyment by the owner of the
         Prescot Property. The separation of the Prescot Property shall allow
         BICC General UK Cables Limited to operate from Closing on a stand
         alone, homogeneous, independent and self sufficient basis.

                                       22
<PAGE>   25

         9.7.3    As soon as reasonably practicable following Closing the Vendor
                  will, subject to obtaining the Purchaser's approval of its
                  design and materials, (such approval not to be unreasonably
                  withheld or delayed), erect a boundary fence between the
                  Prescot Property and the Retained Land and will thereafter
                  maintain or cause to be maintained such boundary fence in good
                  and substantial repair and condition.

         9.7.4    The Vendor and purchaser shall not later than 15 working days
                  after completion of the works referred to in Annexure A enter
                  into a deed in a form to be agreed between the Vendor and
                  Purchaser (each acting reasonably) granting and reserving
                  (save where the rights are expressed to be temporary only) the
                  rights set out or referred to in Annexure A.

         9.7.5    The Vendor and the Purchaser shall act in good faith in the
                  best interest of a successful completion of the separation of
                  the Prescot Property from the Retained Land and:

                           (a)      the Vendor and the Purchaser shall, and
                                    shall use all reasonable endeavours to
                                    procure that any third party shall, do and
                                    execute all other acts, deeds, documents and
                                    things as may be necessary for giving effect
                                    to the provisions of Annexure A; and

                           (b)      if the rights and agreements referred to in
                                    Annexure A are inadequate or insufficient to
                                    enable such separation the Vendor and the
                                    Purchaser shall, and shall use all
                                    reasonable endeavours to procure that any
                                    third party, shall enter into such deeds or
                                    agreements to rectify such inadequacy or
                                    insufficiency granting or reserving as
                                    applicable such easements and rights as
                                    shall be reasonably necessary for the
                                    separation and subsequent use and enjoyment
                                    of the Prescot Property and the Retained
                                    Land.

         9.7.6    Any dispute between the Vendor and the Purchaser as to their
                  respective rights, duties and obligations in respect of the
                  separation of Prescot Property from the Retained Land shall,
                  if required, be referred to an independent expert (acting as
                  an expert and not as an arbitrator) to be agreed upon by the
                  Vendor and the Purchaser or if they fail to agree to be
                  nominated by the President or next most senior available of
                  either party. The decision of the expert (whether of fact or
                  law) shall be final and binding on the parties and shall be
                  given without reasons. Any dispute or question relating to the
                  independent expert's terms of reference, whether of fact or
                  law, shall be in the exclusive jurisdiction of the independent
                  expert. The independent's expert's fees and expenses shall be
                  paid by the Vendor and the Purchaser in equal shares.

10       INDEMNITY

10.1     The Vendor shall indemnify the Purchaser (for itself and as trustee for
         each Sale Group Company) against each loss, liability and cost which
         the Purchaser or any Sale Group

                                       23
<PAGE>   26

         Company may suffer in connection with the ownership of the Sale Group
         Companies or operation of the Businesses arising by reason of any act
         or omission of the Vendor or any Sale Group Company prior to Closing or
         the act or omission of any predecessor in title to the assets and
         liabilities of the Businesses for which the Sale Group Company is
         responsible prior to Closing (including, without limitation, all claims
         by any person in connection with any goods or services supplied by a
         Sale Group Company or for which a Sale Group Company is responsible
         prior to Closing or the employment of any person by a Sale Group
         Company prior to Closing or any duty of care owed to any person
         employed by a Sale Group Company prior to Closing) but excluding any
         loss, liability or cost the subject of the Tax Deed or the
         Environmental Indemnity or Schedule 20.

10.2     The provisions of Schedule 9 shall apply to Clause 10.1, 10.4 and 10.5
         but shall not apply to Clause 10.6.

10.3     For the purposes of this Clause 10, references to "Closing" shall, in
         respect of any Sale Group Company the shares of which are not
         transferred on Closing, be deemed to mean the Subsequent Closing on
         which the transfer of the shares in such Sale Group Company takes
         place.

10.4     The Vendor shall indemnify the Purchaser (for itself and as trustee for
         each member of the Purchaser's Group) against each loss, liability and
         cost which any member of the Purchaser's Group may suffer as a
         consequence of the enforcement by Thomas Bolton Group Limited or (as
         the case may be) Victor Products Limited of any covenant which places a
         restriction upon the freedom of any member of the Purchaser's Group
         (other than BICC General CEAT Cavi S.r.L.) to carry on business with
         effect from Closing under either (i) the agreement entered between BICC
         CEAT Cavi S.r.L., BICC plc and Thomas Bolton Group Limited dated 30
         December 1998 or (ii) the agreement entered into between BICC
         Components Limited and Victor Products Limited dated 20 December 1996
         save where such loss, liability or cost is caused by (a) the
         appointment by any member of the Purchaser's Group of BICC General Ceat
         Cavi S.r.L as its agent or representative or (b) the breach by BICC
         General Ceat Cavi S.r.L of the non-compete covenants of either of such
         aforementioned agreements on or after Closing.

10.5     TITLE INSURANCE INDEMNITY

         The Vendor shall indemnify and keep indemnified the Purchaser and any
         Sale Group Company against the reasonable cost of obtaining in the
         insurance market insurance against the risk of any adverse claim to
         title by a third party in respect of any part of the Property which
         becomes registered with possessory title pursuant to the Vendor's
         present application for first registration of title to the Properties
         at Leigh and Wrexham.

10.6     COSTS INDEMNITY FOR SEPARATION WORKS AT WREXHAM AND LEIGH

                                       24
<PAGE>   27

         The Vendor shall indemnify and keep indemnified the Purchaser and any
         Sale Group Company against any costs actually and properly incurred by
         the Purchaser as a consequence of the failure by the relevant Sale
         Group Company or BICC plc or any other party to carry out the agreed
         works in connection with the disclosed separation agreements affecting
         the Properties at Wrexham and Leigh.

11       TRANSITIONAL ARRANGEMENTS

The Vendor and the Purchaser hereby agree to execute at Closing certain
transitional agreements relating to the following:

11.1     continued support by certain personnel of Sale Group Company of IT
         facilities at certain of Vendor's Group manufacturing facilities;

11.2     supply by Sales Group Companies of certain compounds to Vendor's Group
         facility in Spain and assistance to enable Vendor's Group or a
         sub-contract manufacturer to manufacture such compounds;

11.3     supply by Vendor's Group of certain compounds to Sales Group Companies
         and assistance to enable Sales Group Companies or a sub-contract
         manufacturer to manufacture such compounds; and

11.4     supply of such other goods and services (in addition to those set out
         above) provided by the Vendor's Group to the Sales Group Companies or
         vice-versa prior to Closing which are necessary to be provided after
         Closing to enable the Sale Group Companies or the Vendor's Group to
         carry on business

(together the "TRANSITIONAL ARRANGEMENTS").

The Transitional Arrangements shall provide, inter alia, that the services or
products to be provided on request thereunder be provided for a maximum period
of 12 months from Closing which may be extended if the party fails to gain
access to another supplier or gain or maintain any necessary technical
contractual qualification and on reasonable terms including the same payment
terms as were in effect prior to Closing and in any event not being less than
the full cost of providing such services or products.

12       INTELLECTUAL PROPERTY

12.1     At Closing the Vendor shall assign or shall procure the assignment to
         the Purchaser of any Intellectual Property Rights owned by the Vendor's
         Group at Closing :

         (a)      relating to the Underwater Field:

                                       25
<PAGE>   28

                 (i)     Which, prior to Closing, was used by the Sale Group
                         or relates exclusively or primarily in or to the
                         Underwater Field or;

                 (ii)    which was conceived, discovered, developed (1) in a
                         Country where one of the Sale Group Companies is
                         located or (2) by an employee of one of the Sale Group
                         Companies or of any company to which any of the Sale
                         Group Company succeeded by way of a corporate
                         restructuring, or

                 (iii)   with respect to patents and any other registered
                         rights, whose relevant priority application or first
                         application was filed by one of the Sale Group
                         Companies, or by any company to which any of the Sale
                         Group Company succeeded by way of a corporate
                         restructuring

         (b)    relating to the Terrestrial Field:

                  (i)    which was conceived, discovered, developed
                         (1) in a Country where one of the Sale Group Companies
                         is located or (2) by an employee of one of the Sale
                         Group Companies or of any company to which any of the
                         Sale Group Company succeeded by way of a corporate
                         restructuring, or

                  (ii)   with respect to patents and any other
                         registered rights, whose relevant priority application
                         or first application was filed by one of the Sale Group
                         Companies or by any company to which any of the Sale
                         Group Company succeeded by way of a corporate
                         restructuring

                  provided that nothing in this clause 10.1(b) shall operate to
                  transfer to the Purchaser Intellectual Property Rights owned
                  by BICC General Pyrotenax Cables Limited which is either used
                  exclusively or primarily by BICC General Pyrotenax Cables
                  Limited as at the Closing Date or relates exclusively or
                  primarily to the business carried on by BICC General Pyrotenax
                  Cables Limited, as at the Closing Date, all of which such
                  Intellectual Property Rights shall remain the property of BICC
                  General Pyrotenax Cables Limited.

12.2     The Vendor undertakes after Closing:

         12.2.1   as to patents, trademarks and other registered rights, at the
                  request of Purchaser, to promptly execute or procure the
                  execution of all such documents as shall be necessary to
                  secure the vesting in the relevant Purchaser Group of any
                  Intellectual Property Rights owned by the Vendor's Group to be
                  assigned pursuant to the above;

         12.2.2   as to know-how, to properly identify, list and transfer the
                  deliverable know-how to be assigned to Purchaser pursuant to
                  the above where deliverable know-

                                       26
<PAGE>   29

                  how means whatever know-how is associated with a physical
                  support (including, without limitation, paper, magnetic tape,
                  computer disk or floppy disk, computer memory, film or
                  microfilm) and is accordingly "deliverable" from a person to
                  another,

         provided that the Purchaser undertakes with the Vendor that the Vendor
         will be responsible for preparing all such documents under Clause
         12.2.1 in co-operation with the Purchaser, where required, and provided
         that the Purchaser shall be responsible for all costs reasonably and
         properly incurred by the Vendor and the Vendor's Group and all other
         costs and expenses in respect of such vesting including, but not
         limited to the costs of effecting and recording the relevant
         assignments at the relevant Patent and Trade Mark Office.

12.3     At Closing, the Purchaser shall assign or shall procure the assignment
         to the Vendor's Group any Intellectual Property Rights owned by the
         Sale Group Companies at Closing relating to the Terrestrial Field:

         12.3.1   which was conceived, discovered, developed (1) in a Country
                  where one of the Vendor Group Companies is located, or (2) by
                  employees of one of the Vendor Group Companies, or of any
                  company to which the Vendor Group Companies succeeded by way
                  of corporate restructuring, both in case (1) and (2) on
                  condition that no employee of one of the Sale Group Companies
                  or of any company to which any of the Sale Group Company
                  succeeded by way of a corporate restructuring contributed to
                  such conception, discovery, development, or

         12.3.2   which is used exclusively by BICC General Pyrotenax Cables
                  Limited as at the Closing Date or exclusively relates to the
                  business carried on by BICC General Pyrotenax Cables Limited
                  as at the Closing Date; or

         12.3.3   with respect to patents and any other registered rights, whose
                  relevant priority application or first application was filed
                  by one of the Vendor Group Companies or by any company to
                  which the Vendor Group Companies succeeded by way of corporate
                  restructuring on condition that (1) the patented invention has
                  been made in a Country where one of the Vendor Group Companies
                  is located, exception made for any Country where also a Sale
                  Group Company is located and (2) no employee of one of the
                  Sale Group Companies or of any company to which any of the
                  Sale Group Company succeeded by way of a corporate
                  restructuring is a (co-) inventor of the patented invention.

12.4     The Purchaser undertakes after Closing:

                                       27
<PAGE>   30

         12.4.1   as to patents, trademarks and other registered rights, at the
                  request of Vendor, to promptly execute or procure the
                  execution of all such documents as shall be necessary to
                  secure the vesting in the relevant Vendor Group Company of any
                  Intellectual Property Rights owned by the Sale Group Companies
                  to be assigned pursuant to the above;

         12.4.2   as to know-how, to properly identify, list and transfer the
                  deliverable know-how (as hereinabove defined) to be assigned
                  to Vendor pursuant to the above,

         provided that the Vendor undertakes with the Purchaser that the
         Purchaser will be responsible for preparing all such documents under
         Clause 12.4.1 in co-operation with the Vendor if requested and provided
         that the Vendor shall be responsible for all costs reasonably and
         properly incurred by the Purchaser and all other costs and expenses in
         respect of such vesting included, but not limited to, the costs of
         effecting and recording the relevant assignment of the relevant Patent
         and Trade Mark Offices.

12.5     The Vendor will, at Closing, assign or, after Closing, in case the
         consent of a third party is required, use best efforts to assign or
         procure the assignment or novation to the Sale Group Companies of any
         licence of Intellectual Property Rights granted by a third party to the
         Vendor's Group where such licence relates to Intellectual Property
         Rights used in or relating exclusively or primarily to the Underwater
         Field or prior to Closing the Sales Group Companies used or had an
         intention to use the rights licensed under such license.

12.6     The Purchaser hereby grants or shall procure the grant to the Vendor's
         Group a royalty free, non-exclusive, irrevocable world-wide licence
         under the Intellectual Property Rights owned by the Sale Group
         Companies at Closing to continue to manufacture and supply the products
         (and evolutions thereof) manufactured and supplied and to continue to
         operate the processes operated at Closing.

12.7     The Vendor hereby grants or shall procure the grant to the Purchaser
         and the Sale Group Companies a royalty-free, non-exclusive,
         irrevocable, world-wide licence to exploit the Intellectual Property
         Rights owned by the Vendor's Group at Closing and used by the Sales
         Companies or intended to be used by the Sales Companies at Closing in
         the Energy Field.

12.8     The Purchaser shall be free to use the know how in the custody of the
         Sales Group Companies at Closing, such know how being in deliverable
         form and in the unaided mind of the people of the Sales Companies.

13       BONDS AND GUARANTEES

13.1     The Purchaser agrees to use all its reasonable endeavours from the
         Closing Date to achieve the release of any member of the Vendor's Group
         from such of the bonds or

                                       28
<PAGE>   31

         guarantees issued by banks or financial institutions details of which
         shall be provided by the Vendor to the Purchaser prior to Closing on
         behalf of the Sales Group Companies in respect of the Businesses as
         relate to any of the contracts entered into by the Sale Group Companies
         in the normal course of business with their respective customers. The
         Purchaser shall have no obligation in respect of bonds or guarantees
         issued in respect of an Overseas Company until such time as Closing or
         Subsequent Closing occurs in respect of such Overseas Company.

13.2     After Closing or Subsequent Closing (as the case may be) but prior to
         such release the Purchaser undertakes to the Vendor (for itself and as
         trustee for each member of the Vendor's Group) to keep each member of
         the Vendor's Group indemnified against any liability under the bonds
         and guarantees referred to in Clause 13.1 arising after Closing
         provided always that the Purchaser shall have no liability to the
         Vendor pursuant to this Clause 13.2 if the liability incurred by the
         Vendor results from an event which occurs prior to Closing or results
         from any action taken by a member of the Vendor's Group after Closing.
         For the avoidance of doubt this shall include the failure by the
         relevant Sale Group Company to meet any particular specification or
         target or other contractual term in the contract to which the guarantee
         or bond relates.

14       PENSIONS

         The provisions of Schedule 6 shall have effect.

15       TAXATION

         The Tax Deed shall be entered into by the parties at the Closing Date.

16       CONFIDENTIALITY

16.1     Subject to the provisions of Clause 16.2, neither Party shall issue any
         press release or publish any circular to shareholders or any other
         public document or make any statement or disclosure to any person who
         is not a Party (including (without limitation) any document, statement
         or disclosure published, issued or made by the Vendor to any supplier
         to or customer of any of the Companies), in each case relating to or
         connected with or arising out of this Agreement or the matters
         contained in it, without obtaining the previous approval of the other
         Party to its contents and the manner of its presentation and
         publication or disclosure (such approval not to be unreasonably
         withheld or delayed).

16.2     The provisions of Clause 16.1 do not apply to:-

         16.2.1   any announcement relating to or connected with or arising out
                  of this Agreement required to be made by the Purchaser by
                  virtue of the regulations of any recognised stock exchange or
                  by law; or

                                       29
<PAGE>   32

         16.2.2   any document, statement or disclosure published, issued or
                  made by the Purchaser after Closing to any supplier to or
                  customer of any of the Companies.

16.3     The Purchaser shall prior to Closing keep confidential all information
         regarding the Vendor and the Sale Group Companies and their respective
         businesses which is not in the public domain, and (save for any
         disclosure required by law or any stock exchange) shall not disclose
         the same to any third party or make use of such information in any way
         except with the prior written consent of the Vendor.

17       ASSIGNMENT

17.1     Subject to this Clause 17, this Agreement shall be binding upon and
         ensure for the benefit of the successors and assigns of the Parties.

17.2     The Vendor shall not be entitled to assign its rights or obligations
         under this Agreement without the previous written consent of the
         Purchaser.

17.3     The Purchaser may assign the benefit of this Agreement to any member or
         members of the Purchaser's Group from time to time provided always that
         the relevant member of the Purchaser's Group undertakes to reassign the
         benefit of the Agreement to the Purchaser (or another member of the
         Purchaser's Group) if it ceases to be a member of the Purchaser's Group
         and may assign the benefit of the Warranties, the Environmental
         Indemnity, the Tax Deed, the indemnity set out in Clause 10 and
         Schedule 20 in accordance with paragraph 2.2 of Schedule 9.

18       GENERAL

18.1     The Vendor shall do or procure to be done all such further acts and
         things and execute or procure the execution of all such other documents
         as the Purchaser may from time to time reasonably require for the
         purpose of giving the Purchaser the full benefit of the provisions of
         this Agreement.

18.2     The Purchaser shall do or procure to be done all such further acts and
         things and execute or procure the execution of all such other documents
         as the Vendor may from time to time reasonably require for the purpose
         of giving the Vendor the full benefit of the provisions of this
         Agreement.

18.3     This Agreement, and the documents referred to in it, constitutes the
         entire agreement and understanding of the Parties. Each of the Parties
         acknowledges and agrees that in entering into this Agreement, and the
         documents referred to in it, it does not rely on, and shall have no
         remedy in respect of, any statement, representation, warranty or
         understanding (whether negligently or innocently made) of any person
         (whether party to this Agreement or not) other than as expressly set
         out in this Agreement as a Warranty.

                                       30
<PAGE>   33

         The only remedy available to it for breach of the Warranties shall be
         for breach of contract under the terms of this Agreement. Nothing in
         this sub-clause shall, however, operate to limit or exclude any
         liability for fraud.

18.4     Each of the Vendor and the Shareholders waive any rights of pre-emption
         over the Shares conferred on it or held by it either by virtue of the
         constitutional documents of each of the companies or by express
         agreement or otherwise.

18.5     Each Party shall pay his or its own costs and expenses of and
         incidental to this Agreement and the sale and purchase of the Shares.

18.6     This Agreement shall, as to any of its provisions remaining to be
         performed or capable of having or taking effect following Closing,
         remain in full force and effect notwithstanding Closing.

18.7     Unless expressly provided otherwise, all representations, warranties,
         undertakings, covenants, agreements and obligations made, given or
         entered into in this Agreement by more than one person are made, given
         or entered into jointly and severally.

18.8     The failure of the Purchaser at any time or times to require
         performance of any provision of this Agreement shall not affect its
         right to enforce such provision at a later time.

         18.8.1   No waiver by the Purchaser of any condition or of the breach
                  of any term, covenant, representation, warranty or undertaking
                  contained in this Agreement, whether by conduct or otherwise,
                  in any one or more instances shall be deemed to be or
                  construed as a further or continuing waiver of any such
                  condition or breach or a waiver of any other condition or of
                  the breach of any other term, covenant, representation,
                  warranty or undertaking in this Agreement.

         18.8.2   Any liability to the Purchaser under this Agreement may in
                  whole or in part be released, compounded or compromised and
                  time or indulgence may be given by the Purchaser in its
                  absolute discretion as regards any Party under such liability
                  without in any way prejudicing or affecting its rights against
                  any other Party under the same or a like liability, whether
                  joint and several or otherwise.

18.9     This Agreement may be amended, modified, superseded or cancelled and
         any of its terms, covenants, representations, warranties, undertakings
         or conditions may be waived only by an instrument in writing signed by
         (or by some person duly authorised by) each of the Parties or, in the
         case of a waiver, by the Party waiving compliance.

18.10    To the extent that the provisions of this Agreement are inconsistent
         with or additional to the provisions of a Share Transfer Agreement, the
         provisions of this Agreement shall

                                       31
<PAGE>   34

         prevail and the Vendor and the Purchaser shall procure that the
         provisions of the relevant Share Transfer Agreement are adjusted to the
         extent necessary to give effect to the provisions of this Agreement
         and/or that the relevant Shareholder and the Relevant Purchaser comply
         with the provisions in place of the provisions of the relevant Share
         Transfer.

19       NOTICES

19.1     Any notice to be served in connection with this Agreement shall be in
         the English language, in writing and shall be sent by internationally
         recognised courier service or transmitted by fax:-

         19.1.1   in the case of the Vendor or the Shareholders to:

                  General Cable Corporation

                  4 Tesseneer Drive

                  Highland Heights

                  Kentucky 41076

                  Attention: General Counsel

                  Fax: 001 606 572 8444

         19.1.2   in the case of the Purchaser or the Relevant Purchasers to:

                  Pirelli S.p.A.

                  Viale Sarca, 222

                  20126 Milan

                  Italy

                  Attention: Chief Legal Officer

                  Fax: 00 39 02 6442 3329

         19.1.3   in the case of a Party who has appointed an agent for service
                  in Clause 19.5 below, to the address stated in Clause 19.5 (or
                  to any other address of which the Party serving or sending the
                  document has received notice in writing from that Party or his
                  agent).

19.2     Any such notice shall be deemed to have been served as follows:-

         19.2.1   in the case of service by courier, on the second Business Day
                  after the day on which it was collected by the courier;

         19.2.2   in the case of transmission by fax, on the day it is
                  transmitted.

                                       32
<PAGE>   35

19.3     Subject as provided in Clause 19.2, in proving such service it shall be
         sufficient to prove that the notice was properly addressed and left at,
         posted to or transmitted by Fax to that address.

19.4     For the purpose of this Clause, "Business Day" shall mean any day other
         than Saturday, Sunday or any other day which is a public holiday in the
         place at or to which the notice is left or despatched.

19.5     The Purchaser irrevocably appoints WG&M Secretaries Limited at its
         registered office for the time being and the Vendor irrevocably
         appoints Norose Notices Limited at its registered office for the time
         being (quoting reference MM/Z998630) to be their respective agents for
         service of process and notices in England.

20       GOVERNING LAW AND JURISDICTION

20.1     This Agreement shall be governed by and construed in accordance with
         the laws of England.

20.2     The Parties submit to the non-exclusive jurisdiction of the English
         Courts as regards any claim, dispute or matter arising out of or
         relating to this Agreement or any of the documents to be executed
         pursuant to this Agreement.

Signed and delivered on the date set out at the head of this Agreement.

                                       33
<PAGE>   36

                                   SCHEDULE 1

                                  THE COMPANIES

                    BICC GENERAL CABLES ASIA-PACIFIC PTE LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    199403599M

2        Date of incorporation:                                23.5.1994

3        Place of incorporation:                               Singapore

4        Legislation under which incorporated:                 Singapore Law

5        Registered office address:                            Ocean Tower #17-00
                                                               20 Collyer Quay
                                                               Singapore 049315

6        Directors:                                            Khoo Lee Kim
                                                               Howard Gatiss
                                                               Martin Johnsen

7        Secretary:                                            Sandy Foo - Drew & Napier

8        Authorised share capital:                             250,000 ordinary @ S$1.00

9        Issued share capital:                                 213,324,000 (including  217,660,000
                                                               shares waiting to be  issued) held as to
                                                               99% by GK Technologies Inc. and 1%
                                                               by General Cable Overseas Holding
                                                               Inc.

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       34
<PAGE>   37

                          BICC GENERAL CAVI CAVI S.R.L.

<TABLE>
<S>                                                            <C>
1        Registered number:                                    _

2        Date of incorporation:                                _

3        Place of incorporation:                               Italy

4        Legislation under which incorporated:                 Italian Company Code for SrLs

5        Registered office address:                            Via Brescia 16
                                                               10036 Settino Torinese (TO)
                                                               Italy

6        Directors:                                            M Geroli (President)
                                                               Matthias Rauch
                                                               Ezio Martino
                                                               Osvaldo Mattion
                                                               Martin Thomas
                                                               Andrew Cox
                                                               Peter Farrell

7        Secretary:                                            appointed each meeting

8        Authorised share capital:                             quota 80 billion Lire

9        Issued share capital:                                 quota 80 billion Lire
                                                               held as to 99% by GK Technologies Inc. and as to
                                                               1% by General Cable Overseas Holdings Inc.

10       Issued loan capital:                                  None

11       Charges:                                              Over land and buildings at Ascoli and
                                                               Settimo and general lien over business
                                                               in favour of BNL Industrial Credit
                                                               Section re loan on which there is
                                                               outstanding billion Lire 1.7
</TABLE>

                                       35
<PAGE>   38

                           BICC GENERAL UK CABLES LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    03710603

2        Date of incorporation:                                10 February 1999

3        Place of incorporation:                               England and Wales

4        Legislation under which incorporated:                 Companies Act 1985

5        Registered office address:                            Hall Lane, Prescot, Merseyside L34
                                                               5TG

6        Directors:                                            Andrew Edward Cox
                                                               Michael James Downie
                                                               Peter Stephen Farrell

7        Secretary:                                            Peter Stephen Farrell

8        Authorised share capital:                             100 ordinary shares of (pound)1 each

9        Issued share capital:                                 100 held by General Cable Holdings (UK) Limited

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       36
<PAGE>   39

                         TRANS-POWER CABLES PTE LIMITED

<TABLE>
<S>                                                           <C>
1        Registration Number:                                 _

2        Date of incorporation:                               _

3        Place of incorporation:                              Singapore

4        Registered office address:                           80 Robinson Road
                                                              #17-02 Singapore

                                                              068898

5        Regulation under which incorporated:                 Singapore law

6        Directors:                                           _

7        Secretary:                                           _

8        Authorised share capital:                            _

9        Issued share capital:                                1.5 million ordinary shares at S$1 each
                                                              held  as to 99%  by GK  Technologies  Inc.
                                                              and 1% by General Cable Overseas
                                                              Holdings Inc.

10       Issued loan capital:                                 _

11       Charges:                                             none filed
</TABLE>

                                       37
<PAGE>   40

                       BICC GENERAL INDUSTRIAL CABLES LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    03710618

2        Date of incorporation:                                10 February 1999

3        Place of incorporation:                               England and Wales

4        Legislation under which incorporated:                 Companies Act 1985

5        Registered office address:                            Hall Lane, Prescot, Merseyside L34 5TG

6        Directors:                                            Peter Scott
                                                               Andrew Edward Cox
                                                               Michael James Downie

7        Secretary:                                            Peter Stephen Farrell

8        Authorised share capital:                             100 ordinary shares of (pound)1 each

9        Issued share capital:                                 100 held by General Cable Holdings (UK) Limited

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       38
<PAGE>   41

                       BICC SUPERTENSION CABLES (1980) LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    263259

2        Date of incorporation:                                5 March 1932

3        Place of incorporation:                               England

4        Legislation under which incorporated:                 Companies Act 1929

5        Registered office address:                            Erith Works, Church Manorway, Erith, Kent, DA8 1HS

6        Directors:                                            G J Smee
                                                               C K Tarrant

7        Secretary:                                            C K Tarrant

8        Authorised share capital:                             (pound)100

9        Issued share capital:                                 100 ordinary shares of (pound)1.00 each held
                                                               by General Cable Holdings (UK) Ltd

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       39
<PAGE>   42

                        BICC GENERAL ROD ROLLERS LIMITED

<TABLE>
<S>                                                            <C>
1        Registered number:                                    03896724

2        Date of incorporation:                                20 December 1999

3        Place of incorporation:                               England and Wales

4        Legislation under which incorporated:                 Companies Act 1985

5        Registered office address:                            Hall Lane, Prescot, Merseyside, L34 5TG

6        Directors:                                            Ian Plummer
                                                               Peter Stephen Farrell
                                                               Michael James Downie
                                                               Andrew Edward Cox

7        Secretary:                                            Peter Stephen Farrell

8        Authorised share capital:                             1000 shares of (pound)1 each

9        Issued share capital:                                 1 ordinary share of (pound)1 held  by General
                                                               Cable Holdings (UK) Limited

10       Issued loan capital:                                  _

11       Charges:                                              None filed
</TABLE>

                                       40
<PAGE>   43

                               BICC CAFCA LIMITED

<TABLE>
<S>                                                            <C>
1        Registered number:                                    40/1945

2        Date of incorporation:                                31 July 1945

3        Place of incorporation:                               Harare, Zimbabwe

4        Legislation under which incorporated:                 Zimbabwe Companies Act

5        Registered office address:                            54 Lytton Road
                                                               Workington
                                                               Harare
                                                               Zimbabwe

6        Directors:                                            H. P. Mkushi
                                                               B P Grubb
                                                               W R Galbraith
                                                               A A Botsh
                                                               A E Cox
                                                               A Mabena
                                                               J R McAloon
                                                               T A Taylor

7        Secretary:                                            R J Macfarlane

8        Authorised share capital:                             1000 5,5% cumulative preference
                                                               shares of Z$2;00 each and 50 million
                                                               ordinary shares of Z$0.50 each

9        Issued share capital:                                 31,412,000 Ordinary Shares of Z$0.50
                                                               held by General Cable Holdings
                                                               Netherlands C.V.

10       Issued loan capital:                                  _

11       Charges:                                             none filed
</TABLE>

                                       41
<PAGE>   44

            CONDEL - FABRICA DE CONTUDORES ELECTRICOS DE ANGOLA SARL

<TABLE>
<S>                                                            <C>
1        Registered number:

2        Date of incorporation:

3        Place of incorporation:                               Angola

4        Legislation under which incorporated:

5        Registered office address:

6        Directors:

7        Secretary:

8        Authorised share capital:

9        Issued share capital:                                 held by BICC Celcat, Cabos de Energia
                                                               e Telecommunicaciones SA

10       Issued loan capital:

11       Charges:
</TABLE>

                                       42
<PAGE>   45

                                   SCHEDULE 2

                                THE SUBSIDIARIES

                                       43
<PAGE>   46

                              BICC CABLES CHINA LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    107464

2        Date of incorporation:                                January 1982

3        Place of incorporation:                               Hong Kong

4        Legislation under which incorporated:                 Law of Hong Kong

5        Registered office address:                            1011 Great Eagle Centre
                                                               23 Harbour Road
                                                               Hong Kong

6        Directors:                                            Howard Gatiss
                                                               Martin Johnsen
                                                               Khoo Lee Kim

7        Secretary:                                            _

8        Authorised share capital:                             2000 ordinary of HK $200 each

9        Issued share capital:                                 2000 ordinary shares held by BICC
                                                               General Cables Asia-Pacific Pte Limited

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       44
<PAGE>   47

                      BICC GENERAL CABLES MALAYSIA SDN BHD

                   (PREVIOUSLY POWER CABLES MALAYSIA SDN BHD)

<TABLE>
<S>                                                            <C>
1        Registered number:                                    23637X

2        Date of incorporation:                                25.07.1975

3        Place of incorporation:                               Malaysia

4        Legislation under which incorporated:                 Malaysia

5        Registered office address:                            Shah Alam Factory
                                                               Lot 2 Jalan Kawal 15/18
                                                               Shah Alam
                                                               Selangor
                                                               Malaysia

6        Directors:                                            Gen. Tan Sri Dato Mohd Ghazali Seth
                                                               Dato Lodin bin Wok Kamarudin
                                                               Gen Tan Sri Mohd Ngah
                                                               Maj. Gen. Lai
                                                               Martin Frazier Johnsen
                                                               Andrew Wilson Shaw

7        Secretary:                                            Mak Foon Hing

8        Authorised share capital:                             R20 million

9        Issued share capital:                                 R8 million held by BICC General Cables
                                                               Asia-Pacific Pte Limited

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       45
<PAGE>   48

                             BICC (MALAYSIA) SDN BHD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    113947 -M

2        Date of incorporation:                                _

3        Place of incorporation:                               Malaysia

4        Legislation under which incorporated:                 Malaysian law

5        Registered office address:                            27th Floor Menara Promet
                                                               Jalan Sutton Ismail

                                                               50250 KL

6        Directors:                                            Khoo Lee Kim
                                                               Jamal Mohamed Yusof
                                                               Martin Johnsen
                                                               Andrew Shaw

7        Secretary:                                            _

8        Authorised share capital:                             250,000 ordinary @ M$1 each

9        Issued share capital:                                 100,000 ordinary of which 30% is held
                                                               by BICC General Cables Asia-Pacific
                                                               Pte Limited (and 70% of which are held
                                                               by Janal Mohd as a nominee of BICC
                                                               General Cables Asia -Pacific Ltd.)

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       46
<PAGE>   49

                          BICC CABLES MALAYSIA PTE LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    199503142W

2        Date of incorporation:                                06.05.1995

3        Place of incorporation:                               Singapore

4        Legislation under which incorporated:                 Singapore law

5        Registered office address:                            15 West Coast Highway
                                                               #04-17/18 Pasir Panjang Building
                                                               Singapore 117861

6        Directors:                                            Khoo Lee Kim
                                                               Howard Gatiss
                                                               Martin Johnsen

7        Secretary:                                            Vantage Management Services

8        Authorised share capital:                             2 ordinary of S$2 each

9        Issued share capital:                                 2 ordinary of S$ 2 each held by BICC
                                                               General Cables Asia-Pacific Pte Ltd

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       47
<PAGE>   50

                           BICC ENERGY CABLES PTE LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    197302310M

2        Date of incorporation:                                8.12.1973

3        Place of incorporation:                               Singapore

4        Legislation under which incorporated:                 Singapore law

5        Registered office address:                            15 West Coast Highway
                                                               #04-17/18 Pasir Panjang Building
                                                               Singapore 117861

6        Directors:                                            Khoo Lee Kim
                                                               Howard Gatiss
                                                               Martin Johnsen
                                                               Tan Chew Wah

7        Secretary:                                            Vantage Management Services

8        Authorised share capital:                             7,000,000: pref. shares 2,000,000 of
                                                               @$1,000 each ordinary shares of
                                                               $1,000 each

9        Issued share capital:                                 3,000,000 ordinary shares 1,000,000 preference
                                                               shares 2,000,000 held  by  BICC
                                                               General Cables Asia-Pacific Pte Ltd.

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       48
<PAGE>   51

                       BICC GENERAL BAOSHENG CABLE CO LTD

<TABLE>
<S>                                                            <C>
1        Registered number:                                    _

2        Date of incorporation:                                October 1999

3        Place of incorporation:                               China

4        Legislation under which incorporated:                 Peoples Republic of China law

5        Registered office address:                            No 1 Chengbei Yi Road
                                                               Baoying County, Jiangsu
                                                               PRC 225800

6        Directors:                                            Howard Gatiss
                                                               Martin Johnsen
                                                               Andrew Shaw
                                                               Michael Downie
                                                               Liu Ke Ming
                                                               Zhang

7        Secretary:                                            _

8        Authorised share capital:                             US$19,500,000

9        Issued share capital:                                 US$19,500,000 of which 67% is held by
                                                               BICC General Cables Asia-Pacific Pte
                                                               Ltd.

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       49
<PAGE>   52

                          ZIMBABWE CABLES (PTE) LIMITED

<TABLE>
<S>                                                            <C>
1        Registered number:

2        Date of incorporation:

3        Place of incorporation:                               Zimbabwe

4        Legislation under which incorporated:

5        Registered office address:

6        Directors:

7        Secretary:

8        Authorised share capital:

9        Issued share capital:                                 Held by BICC CAFCA Limited

10       Issued loan capital:

11       Charges:
</TABLE>

                                       50
<PAGE>   53

                     BICC (CENTRAL AFRICA) (PRIVATE) LIMITED

<TABLE>
<S>                                                            <C>
1        Registered number:                                    354/1956

2        Date of incorporation:                                26 May 1956

3        Place of incorporation:                               Harare, Zimbabwe

4        Legislation under which incorporated:                 Zimbabwe Companies Act

5        Registered office address:                            54 Lytton Road
                                                               Wordington Harare
                                                               Zimbabwe

6        Directors:                                            W R Galbraith
                                                               A J Macfarlane

7        Secretary:                                            A J Macfarlane

8        Authorised share capital:                             100,000 ordinary of Z$2.00 each

9        Issued share capital:                                 100,000 ordinary of Z$2.00 each held
                                                               by BICC CAFCA Ltd.

10       Issued loan capital:                                  _

11       Charges:                                              none filed
</TABLE>

                                       51
<PAGE>   54

            CELMOQUE - FABRICA NACIONAL DE CONTUDORES ELECTRICOS SARL

<TABLE>
<S>                                                            <C>
1        Registered number:

2        Date of incorporation:

3        Place of incorporation:                               Mozambique

4        Legislation under which incorporated:

5        Registered office address:

6        Directors:

7        Secretary:

8        Authorised share capital:

9        Issued share capital:                                 18% held by BICC CAFCA Ltd
                                                               29% held by BICC Celeat, Cabos de
                                                               Energia e Telecommunicaciones SA
10       Issued loan capital:

11       Charges:
</TABLE>

GENERAL CABLE CORPORATION

By: /s/STEPHEN RABINOWITZ

Title: Chief Executive Officer

PIRELLI CAVI E SISTEMI S.P.A

By: /s/GUISEPPE MORCHIO

Title: Chairman and Chief Executive Officer

                                       52<PAGE>   1
                                  Exhibit 10.2

                        BUSINESS TECHNOLOGY CENTER, INC.
                        --------------------------------
                               SUBLEASE AGREEMENT

         This Sublease Agreement ("Sublease") is made this 7th day of March
1999, between Business Technology Center, Inc., an Ohio not-for-profit
corporation ("Sublessor"), and OxyNet, Inc. ("Subtenant").

         1. LEASE OF PREMISES. In consideration of the rent, the Sublessor
subleases to Subtenant, the space ("Premises"), located at the following
address: 1275 Kinnear Road, Columbus, Ohio (the "Real Property"). The Premises
consists of approximately 1512 square feet of space as more particularly
described in Exhibit A.

         This Sublease is subject and subordinate to a certain lease dated
January 18, 1994 between the Ohio State University, as "Lessor," and Sublessor,
as "Lessee," (the "Main Lease").

         2. PARKING. See attached Rider.

         3. TERM. Subtenant shall lease the Premises for a term of 1 YEAR
(months/years) beginning on NOVEMBER 1, 1999, and ending on OCTOBER 31, 2000.
Sublessor shall not be liable for failure to deliver the  Premises to Subtenant
on the beginning date of this Sublease for reasons beyond Sublessor's control.

         4. RENT/LATE CHARGES/ADDITIONAL RENT.

         A. RENT. Subtenant agrees to pay Sublessor rent at the annual rate of
FIFTEEN THOUSAND ONE HUNDRED TWENTY 00/100 Dollars ($15,120.00) in equal monthly
payments of ONE THOUSAND TWO HUNDRED SIXTY 00/100 Dollars ($1,260.00) in
advance, on the first day of each calendar month during the term. In the event
that the term agreed to does not begin on the first day of the month, or end on
the last day of the month, the first and/or last monthly rental payment shall be
prorated.

<PAGE>   2

         B. LATE CHARGE. Subtenant agrees to pay Sublessor a late charge of Ten
Dollars ($10.00) per day if the rent is not paid in full by the tenth day of the
month up to a maximum of $600.00.

         C. ADDITIONAL RENT. Subtenant agrees to pay all charges incurred for
Business Technology Center services furnished by Sublessor as well as any other
amounts due to Sublessor as additional rent which shall be paid along with the
monthly installments of rent.

         5. USE OF PREMISES. The Premises shall only be used for: DEVELOP,
MANUFACTURE, AND MARKET OXYGEN generation systems.

         6. SECURITY DEPOSIT. Sublessor acknowledges receipt of a Security
Deposit in the amount of ONE THOUSAND SEVENTY ONE DOLLARS 00/100 ($1,071.00) as
a deposit for the faithful performance by Subtenant of all its obligations under
this Sublease as well as any extensions or renewals thereof. No interest shall
be paid on Subtenant's Security Deposit.

         7. REPORTS. Subtenant acknowledges that Sublessor provides space and
business incubation services through grants and subsidies from city, state and
other governmental agencies, and such agencies have various funding requirements
and often require periodic information reports, including information as to the
number of new, full time jobs created by subtenant's business enterprise.
Subtenant further acknowledges that subtenant's participation in sublessor's
business incubation program is subject to sublessor's admission, graduation, and
reporting guidelines as described in Exhibit B, and will require periodic
reporting of business status in areas of planning and finance. Subtenant agrees
to provide such information as required by Sublessor in a timely and accurate
manner, and acknowledges that this Sublease is not binding upon Sublessor if
Subtenant does not qualify for the funding programs of the various governmental
agencies in which Sublessor participates.

                                       2
<PAGE>   3

         8. SUCCESS OR FAILURE OF SUBTENANT'S BUSINESS. Subtenant specifically
recognizes and acknowledges that the business venture to be undertaken by
Subtenant under this Sublease depends upon the ability of Subtenant as an
independent business person, as well as other factors, such as market and
economic conditions beyond the control of Sublessor and Subtenant. Subtenant
acknowledges that success or failure of Subtenant's business enterprise will be
dependent on the business acumen and diligence of Subtenant. Subtenant agrees
that success or failure of Subtenant's business will not depend on Sublessor's
performance under this Sublease Agreement, and Sublessor makes no
representations or warranties as to the success of Subtenant's business.

         9. RULES AND REGULATIONS. Subtenant shall observe any rules and
regulations regarding the Premises which are enforceable against Sublessor under
the Main Lease. Sublessor shall provide a copy of any such rules and regulations
to Subtenant within 5 days after receipt by Sublessor. Failure to enforce any
rules and regulations shall not constitute a waiver thereof. It shall be
Subtenant's obligation to see that Subtenant's employees, invitees and agents
obey such rules and regulations.

         10. SUBTENANT'S PROPERTY. All fixtures, furnishings, equipment,
inventory and other personal property at any time located upon the Premises,
whether such property is owned by Subtenant, Sublessor or any other person, and
any additions, alterations and improvements to the Premises made by Subtenant
shall be kept and maintained by Subtenant at its sole risk, and Subtenant shall
bear all cost, loss and expense for any casualty or theft risk in connection
with such fixtures, furnishings, equipment, inventory and other personal
property. Subtenant shall indemnify and save and hold harmless Sublessor from
and against any and all loss, cost and expense, including but not limited to
reasonable attorney fees, by reason of any

                                       3
<PAGE>   4

damage to or destruction of any fixtures, furnishings, equipment, inventory and
other personal property and any such additions, alterations and improvements
made to the Premises by Subtenant. Sublessor will, however, be responsible for
any damage to the personal property of Subtenant or its invitees or clients,
while such property is in the Premises, that results from the negligent act or
omission of Sublessor's employees or agents while acting within the scope of
their employment.

         11. SUBTENANT ALTERATIONS, INSTALLATIONS AND CHANGES IN PREMISES.
Sublessor and Subtenant shall comply with all applicable provisions of Ohio
Revised Code Chapter 4115, entitled Wages and Hours on Public Works, and with
the Americans with Disabilities Act of 1990 (ADA), 42 U.S.C. Section 12131.

         Subtenant shall not, without the prior written consent of Sublessor and
the lessor under the Main Lease ("Lessor"), make any additions, alterations or
improvements (other than routine interior redecoration such as painting and
wallpapering) in or to the Premises, including but not limited to the
installation of fixtures, appliances or equipment, or the changing of the
Premises or any part thereof. Prior to the commencement of any permitted
additions, alterations or improvements to the Premises, Subtenant shall submit
plans and specifications therefor to Sublessor for its approval in writing,
which shall not unreasonably be withheld. Said additions, alterations or
improvements shall be made in a good and workmanlike manner, in accordance with
the said plans and specifications therefor and in compliance with all applicable
statutes, ordinances, rules and regulations. Sublessor may, but shall not be
obligated to, inspect such additions, alterations or improvements which
Subtenant shall make to the Premises. Subtenant shall pay all costs of making
any additions, alterations or improvements and shall agree to keep the leased
Premises free from any liens, claims or encumbrances, and shall indemnify and
save

                                       4
<PAGE>   5
Sublessor harmless from and against all loss, cost and expense, including
but not limited to reasonable attorney's fees, arising out of Subtenant's
additions, alterations or improvements.

         All additions, alterations and improvements made by Subtenant shall
become the property of Sublessor (or Lessor, as provided in the Main Lease) upon
the expiration or termination of this Sublease; provided, however, that
Sublessor may, at its option and in accordance with Section 26 below, require
Subtenant to remove, at Subtenant's sole cost and expense, any such additions,
alterations and improvements at the end of the Sublease term or any renewal
thereto.

         12. MAINTENANCE AND REPAIR. Subtenant shall not damage the Premises and
shall keep and maintain the interior of the Premises and all additions,
alterations, and improvements thereto in good condition and repair, including
but not limited to the exterior doors, windows and window frames, custodial
services, carpet cleaning, window washing, other minor interior repairs and
maintenance, bulb replacement, and reasonable periodic painting as determined by
Sublessor. Subtenant shall, further, keep the Premises in a clean, safe and
healthy condition free of insects, rodents, termites, vermin and other pests so
as to conform to all lawful requirements, laws and ordinances and directions of
the proper public authorities. In the event any portion of the Premises shall be
damaged because of improvements installed by Subtenant or through the fault or
neglect of Subtenant, Subtenant shall promptly and properly repair such damages
at its cost even though it involves foundation or structural repairs. If
Subtenant refuses or neglects to commence or complete said repairs and/or
replacements promptly and adequately, Sublessor may, but shall not be required
to, make or complete said repairs and replacements and Subtenant shall pay the
costs thereof to Sublessor upon demand.

                                       5
<PAGE>   6

         Subtenant shall coordinate its trash removal with the Sublessor and
shall deposit its ordinary trash and refuse in the trash dumpster provided by
the Sublessor (or Lessor, as the case may be). Subtenant shall be responsible
for the collection, storage, and disposal of its extraordinary trash and refuse
including, but not limited to, bio-hazardous materials, chemicals, and low level
nuclear materials as provided in Section 23. Said collection, storage, and
disposal shall be in accordance with Section 5 hereof and subject to the general
direction of The Ohio State University's Office of Environmental and
Occupational Health and Safety.

         All repairs and replacements made by Subtenant shall be equal or better
in quality to the original work. If Subtenant refuses or neglects to commence or
complete repairs and/or replacements for which Subtenant is responsible,
promptly and adequately, Sublessor may, but shall not be required to, make or
complete said repairs and replacements, and Subtenant shall pay the costs
thereof to Sublessor immediately upon Sublessor giving notice of same to
Subtenant; provided, however, that no such action by Sublessor shall in any way
be deemed to be a waiver by Sublessor of any right Sublessor may have hereunder
on account of any default by Subtenant.

         13. MECHANIC'S LIENS. If, as a result of any such additions,
alterations, improvements, repairs or replacements (hereinafter in this section
referred to as the "construction"), the Premises or any part thereof shall at
any time during the Sublease term or any renewal term thereof, become subject to
any vendor's, mechanic's, laborer's, materialmen's or other similar liens based
upon furnishing of materials or labor to the Premises and not contracted for by
Sublessor or Lessor, Subtenant shall cause the same to be discharged at its sole
cost and expense within 45 days after Subtenant shall have actual notice of the
existence thereof. If such liens are not discharged within said 45 day period,
Sublessor may at any time thereafter while the lien remains undischarged,
repossess the Premises and enjoy the same as if this

                                       6
<PAGE>   7

Sublease had not been made, and thereupon Subtenant's rights under this Sublease
shall terminate, without prejudice, however, to any of the rights of Sublessor,
including recovery from Subtenant of all rent reserved hereunder, which will
thereupon accelerate and become immediately due and payable. The foregoing
notwithstanding, Subtenant agrees that in the event any such liens are filed,
they shall affect only the leasehold estate vested in Subtenant and shall in no
way affect the leasehold estate vested in Sublessor or Lessor's fee simple
ownership of the Premises.

         14. DAMAGE OR DESTRUCTION. If the Premises shall be so damaged or
destroyed by fire or other casualty that the same, in the opinion of Sublessor
(or Lessor, as the case may be), are untenantable, then Sublessor shall have the
right to terminate this Sublease effective as of the date of such damage or
destruction, which option shall be exercised, if at all, by Sublessor giving
Subtenant written notice of same within thirty (30) days after such damage or
destruction if reasonably possible. If this Sublease shall be terminated in
accordance with this section, the rent hereunder shall be apportioned to the
date of such damage or destruction, and Subtenant shall immediately surrender
and deliver up the Premises to Sublessor. If Sublessor elects not to terminate
this Sublease in accordance with this section, provided, however, that the Main
Lease is not terminated by Lessor, the rent hereunder shall abate from the date
of such damage or destruction to the date the Premises are again tenantable. In
such event, Sublessor shall use its best efforts to enforce the provisions of
the Main Lease requiring Lessor to promptly repair or rebuild the Premises
(except such fixtures, furnishings, equipment and tenant improvements as shall
have been installed by Subtenant), and this Sublease shall remain in full force
and effect.

                                       7
<PAGE>   8

         If the Premises shall be so damaged by fire of other casualty that the
Premises (exclusive of such fixtures, furnishings, equipment and tenant
improvements as shall have been installed by Subtenant), in the sole opinion of
Sublessor, is not thereby rendered untenantable, provided, however, that the
Main Lease is not terminated by Lessor, then Sublessor shall use its best
efforts to enforce the provisions of the Main Lease requiring Lessor to promptly
repair the Premises (except such fixtures, furnishings, equipment and tenant
improvements as shall have been installed by Subtenant), and this Sublease shall
remain in full force and effect; provided, however, that until such repairs have
been completed, the refit shall be reduced by the same proportion as that
proportion of the Premises that in the sole reasonable opinion of Sublessor is
untenantable. All decisions of Sublessor in accordance with this section shall
be final and shall be binding upon Subtenant.

         Anything in this section to the contrary notwithstanding, if any of the
said damage or destruction shall have been caused by the willful or negligent
act or omission of Subtenant, no right or obligation of Sublessor under this
section nor the exercise of any such right of the performance of any such
obligation shall prejudice or be deemed to constitute a waiver of any rights or
claims Sublessor may have against Subtenant by reason of such willful of
negligent act or omission by Subtenant.

         15. SUBTENANT'S CASUALTY INSURANCE. During the term of this Sublease,
Subtenant shall, at its sole cost and expense, carry and maintain for the mutual
benefit of itself and Sublessor, a policy of fire and extended coverage
insurance insuring all fixtures, furnishings, equipment, inventory and other
personal property at any time located upon the Premises, against damage and
destruction by all causes generally insured against in policies of fire and
extended coverage insurance written on properties in Franklin County, Ohio, in
the amount of 80% of the

                                       8
<PAGE>   9

full insurable value thereof, as determined by the insurance company issuing
such policy of insurance. Such policy of insurance shall bear an endorsement to
the effect that the insurer agrees to notify Sublessor not less than ten (10)
days in advance of any modification or cancellation thereof. Such policy of
insurance shall be issued by an insurance company and shall be in form
acceptable to Sublessor. Upon the execution hereof, Subtenant shall deposit with
Sublessor such policy of insurance of a certificate thereof. Not less than ten
(10) days prior to the due date for the payment of premiums upon such policy of
insurance, Subtenant shall deposit with Sublessor evidence satisfactory to
Sublessor of the payment of such premiums. Not less than ten (10) days prior to
the termination date of such policy of insurance, Subtenant shall deposit with
Sublessor evidence satisfactory to Sublessor of the renewal of such policy of
insurance. Sublessor's failure to receive or demand any evidence of insurance
required herein, however, shall in no way diminish or affect Subtenant's
obligation to obtain Such insurance.

         Subtenant shall cause each insurance policy carried by it pursuant to
this Sublease to be, written in such a manner so as to provide that insurer
waives all right of recovery by way of subrogation against Sublessor in
connection with any loss or damage covered by the policy. If Subtenant falls to
procure such waiver, it will indemnify Sublessor for all moneys to which any
subrogor hereunder becomes entitled and the cost of reasonable attorney's fees
of any claim for subrogation.

         16. LIABILITY INSURANCE. During the initial and any additional term of
this Sublease, Subtenant shall at its sole cost and expense, carry and maintain,
for the mutual benefit of itself, Sublessor and its officers, agents and
employees, a policy of general liability insurance against claims for personal
injuries, wrongful death or property damage occurring on or about the Premises
with minimum amount of coverage of One Million Dollars ($1,000,000.00) on

                                       9
<PAGE>   10

account of bodily injury and/or death of persons and/or on account of damage to
property. Subtenant agrees to deposit said policy or policies (or certificates
thereof) with Sublessor prior to the date of occupancy by Subtenant, said policy
or policies naming as insured both Subtenant and Sublessor. Such policy of
insurance shall be issued by an insurance company acceptable to Sublessor, and
shall bear an endorsement to the effect that the insurer agrees to notify
Sublessor not less than ten (10) days in advance of any modification or
cancellation thereof. Not less than ten (10) days prior to the termination date
of such policy of insurance, Subtenant shall deposit with Sublessor evidence
satisfactory to Sublessor of the renewal of such policy of insurance.
Sublessor's failure to demand or request a Certificate of Insurance shall not
affect Subtenant's obligation to obtain and maintain the required insurance.

         Subtenant shall cause to be issued and shall maintain during the term
of this Sublease such Workers' Compensation and disability insurance as may,
from time to time, be required by city, county, state or federal laws. Evidence
of such insurance shall be delivered to Sublessor prior to the date of occupancy
by Subtenant, and thereafter, at such times as Sublessor may require.

         17. UTILITIES. Subtenant shall be responsible for telephone and data
communications installation and usage charges. Sublessor shall not be
responsible for the quality, quantity, interruption or failure in the supply of
any utility to the Premises when said supply is so affected as a result of
conditions beyond the control of Sublessor. Sublessor shall use its best efforts
to enforce the provisions of the Main Lease requiring Lessor to provide all
other utilities.

         18. ASSIGNMENT AND SUBLETTING BY SUBTENANT. Subtenant shall not,
without the prior written consent of Sublessor and Lessor, assign or transfer
its interests under

                                       10
<PAGE>   11

this Sublease in whole or in part or sublet all or any part of the Premises. If
Subtenant is a corporation, any transfer of this Sublease from Subtenant by
merger, consolidation or liquidation shall constitute an assignment for the
purpose of this Sublease and shall require the written consent of Sublessor and
Lessor. Sublessor shall not unreasonably withhold consent to any such
assignment, sublet or transfer. Any consent by Sublessor to any assignment or
subletting shall not constitute a waiver of the necessity of such consent to any
subsequent assignment or subletting each assignee or transferee shall assume and
be deemed to have assumed this Sublease and shall remain liable jointly and
severally with Subtenant for the payment of all rent and for the due performance
of all the terms, covenants, conditions and agreements herein contained on
Subtenant's part to be paid and performed for the term of this Sublease. No
assignment shall be binding on Sublessor unless such assignee or Subtenant shall
deliver to Sublessor a counterpart of such assignment and instrument in
recordable form which contains a covenant of assumption by the assignee. No
assignment or subletting by Subtenant with the consent of Sublessor and Lessor
shall relieve Subtenant of its obligations hereunder unless Sublessor and Lessor
expressly so agree in writing.

         19. INDEMNIFICATION. Subtenant shall indemnify and save and hold
harmless Sublessor and its officers, trustees, agents and employees from and
against any and all loss, liability, damage, cost and expense, including but not
limited to reasonable attorney fees, for injury, death, loss or damage of
whatever nature to any person, property or any other claim by Subtenant or its
officers, employees, agents, customers, licensees, invitees or any other person,
firm or corporation resulting from the Subtenant's occupancy or use of the
Premises. In the event that any action or proceeding is instituted against
Sublessor by reason of any such claim or event, Subtenant shall resist and
defend such action or proceeding at Subtenant's sole cost and

                                       11
<PAGE>   12

expense or cause it to be resisted and defended by an insurer. Notwithstanding
the foregoing, Sublessor shall be responsible for any liability that results
from the negligent, reckless or intentional act or omission or its employees or
agents while they are acting within the scope of their employment.

         20. SUBLESSOR'S LIEN FOR RENT. Subtenant hereby grants a lien, to
Sublessor, of Subtenant's interest in all improvements, fixtures or personal
property on the Premises. In the event Subtenant falls to cure a default under
this Sublease, Subtenant authorizes Sublessor to take possession of the property
free and clear of Subtenant's interest therein.

         21. SUBORDINATION AND EARLY TERMINATION. Subtenant agrees that this
Sublease and Subtenant's interest in this shall be secondary to any mortgage,
deed of trust or other method of financing or refinancing now or hereafter
placed on the Premises, the property, the land underlying the Premises and/or
the building of which the Premises is a part. Subtenant further agrees that it
will execute and deliver any and all documents necessary to show that
Subtenant's rights are secondary under this Sublease.

         If the Main Lease is terminated, this Sublease shall be terminated as
well, in which case, Subtenant shall pay all rent due and perform and observe
all of the covenants hereof up to the time of vacation by Subtenant, and neither
Sublessor nor Subtenant shall have a claim against the other for damages for
such early termination.

         22. HOLDING OVER. Should Subtenant hold over after the term of this
Sublease expires, with Sublessor's written approval, Subtenant shall become a
Subtenant on a month-to-month basis upon all of the terms and conditions
specified in this Sublease.

                                       12
<PAGE>   13

         23. HAZARDOUS SUBSTANCES.

             A. SUBLESSOR'S CONSENT REQUIRED. Subtenant shall not cause or
permit any Hazardous Substances, as defined below, to be brought upon or kept or
used in or about the Premises and the Property (the "Real Property") by
Subtenant, its agents, employees, contractors or invitees, unless (a) such
hazardous Substances are necessary for Subtenant's business (and such business
is a permitted use under Section 5) and (b) Subtenant first obtains the written
consent of Sublessor.

             B. COMPLIANCE WITH ENVIRONMENTAL LAWS. Subtenant shall at all times
and in all respects comply with all local, state and federal laws, ordinances,
regulations and orders (collectively, "Hazardous Substances Laws") relating to
industrial hygiene, environmental protection, or the use, analysis, generation,
manufacture, storage, disposal, or transportation of any Hazardous Substances.

             C. HAZARDOUS SUBSTANCES HANDLING. Subtenant shall at its own
expense procure, maintain in effect and comply with all conditions of any and
all permits, licenses and other governmental and regulatory approvals required
for Subtenant's use of the Premises, including, without limitation, discharge of
(appropriately treated) materials or wastes into or through any sanitary sewer
serving the Real Property. Except as discharged into the sanitary sewer in
strict accordance and conformity with all applicable Hazardous Substances Laws
and only with the proper written consent of the Sublessor, Subtenant shall cause
any and all Hazardous Substances removed from the Premises (or from the Real
Property, if at Subtenant's direction) to be removed and transported solely by
duly licensed haulers to duly licensed facilities for final disposal of such
materials and wastes. Subtenant shall in all respects handle, treat, deal with,
and manage any and all Hazardous Substances in, on, under, or about the

                                       13
<PAGE>   14

Real Property in total conformity with all applicable Hazardous Substances Laws
and prudent industry practices regarding management of such Hazardous
Substances. Upon expiration or earlier termination of the term of the Sublease,
Subtenant shall cause all Hazardous Substances to be removed from the Premises
(except such Hazardous Substances, if any, as were located in the Premises prior
to the commencement of Subtenant's occupancy thereof) and the Real Property (if
Subtenant caused such Hazardous Substances to be located on the Real Property)
and to be transported for use, storage or disposal in accordance and compliance
with all applicable Hazardous Substances Laws; provided, however, that Subtenant
shall not take any remedial action in response to the presence of any Hazardous
Substances in or about the Premises, or the Real Property, nor enter into any
settlement agreement, consent, decree, or other compromise in respect to any
claims relating to any Hazardous Substances in any way connected with the
Premises or the Real Property, without first notifying Sublessor of Subtenant's
intention to do so and affording Sublessor ample opportunity to appear,
intervene or otherwise appropriately assert and protect Sublessor's interest
with respect thereto.

                  D. NOTICES. If at any time Subtenant shall become aware, or
have reasonable cause to believe, that any Hazardous Substance has come to be
located on or beneath the Real Property, Subtenant shall, immediately upon
discovering such presence or suspected presence of the Hazardous Substance, give
written notice of that condition to Sublessor. In addition, Subtenant shall
immediately notify Sublessor in writing of (i) any enforcement, cleanup, removal
or other governmental or regulatory action instituted, completed or threatened
pursuant to any Hazardous Substances Laws, (ii) any claim made or threatened by
any person against Subtenant, the Premises or the Real Property relating to
damage, contribution, cost recovery, compensation, loss or injury resulting from
or claimed to result from any Hazardous

                                       14
<PAGE>   15

Substances and (iii) any reports made to any local, state, or federal
environmental agency, fire and safety agency or board of health arising out of
or in connection with any Hazardous Substances in or removed from the Premises
or the Real Property, including any complaints, notices, warnings, or asserted
violations in connection therewith. Subtenant shall also supply to Sublessor as
promptly as possible, and in any event within five (5) business days after
Subtenant first receives or sends the same, copies of all claims, reports,
complaints, notices, warnings, or asserted violations relating in any way to the
Premises, the Real Property, or Subtenant's use thereof. Subtenant shall
promptly deliver to Sublessor copies of hazardous waste manifests reflecting the
legal and proper disposal of all Hazardous Substances removed from the Premises
or the Real Property.

             E. DEFINITION OF HAZARDOUS SUBSTANCES. As used in this Sublease,
the term "Hazardous Substance or Substances" means any hazardous or toxic
substances, materials or wastes, including, but not limited to, those
substances, materials, and wastes listed in the United States Department of
Transportation Hazardous Materials Table (49 CFR 172.101) or by the
Environmental Protection Agency as hazardous substances, (40 CFR Part 302) and
amendments thereto, or such substances, materials and wastes which are or become
regulated under any applicable local, state or federal law including without
limitation, any materials, waste or substance which is (i) petroleum, (ii)
asbestos, (iii) polychlorinated biphenyls, (iv) defined as a "hazardous waste"
under the laws and regulations of the State of Ohio, (v) defined as a "Hazardous
substance" pursuant to Section 311 of the Clean Water Act, 33 U.S.C. 1251, ET
SEQ. (33 U.S.C. 1321) or listed pursuant to Section 307 of the Clean Water Act
(33 U.S.C. 1317), (vi) defined as a "hazardous waste" pursuant to Section 1004
of the Resource Conservation and Recovery Act, 42 U.S.C. 6901, (42 U.S.C. 6903)
or (vii) defined as a

                                       15
<PAGE>   16

"hazardous substance" pursuant to Section 101 of the Comprehensive Environmental
Response, Compensation, and Liability Act, 42 U.S.C. 9601, ET SEQ. (42 U.S.C.
9601).

                  F. INDEMNIFICATION OF SUBLESSOR. Subtenant shall indemnify,
defend (by counsel acceptable to Sublessor), protect, and hold harmless
Sublessor, and each of Sublessor's trustees, officers, and assigns, from and
against any and all claims, liabilities, penalties, fines, judgments,
forfeitures, losses (including, without limitation, diminution in the value of
the Premises or the Real Property, damages for the loss or restriction on use of
rentable or usable space or of any the expiration or earlier termination of the
term of the Sublease. For purposes of the release and indemnity provisions
hereof, any acts or omissions of Subtenant, or by employees, agents, assignees,
contractors, or subcontractors of Subtenant or others acting for or on behalf of
Subtenant (whether or not they are negligent, intentional, willful, or
unlawful), shall be strictly attributable to Subtenant.

             G. SUBLESSOR ENVIRONMENTAL COMPLIANCE COSTS. Sublessor and
Subtenant acknowledge that Sublessor may become legally liable for costs of
complying with Hazardous Substances Laws that are not the responsibility of
Subtenant pursuant to Subsection F, including the following:

             (i) Hazardous Substances present in the soil or ground water on the
             Property of which Sublessor has no knowledge as of the date hereof;
             (ii) a change in Hazardous Substances Laws making certain Hazardous
             Substances that are present on the Real Property as of the date
             hereof, whether known or unknown to Sublessor, a violation of such
             new Laws; (iii) Hazardous Substances that migrate, flow, percolate,
             diffuse, or in any way move onto or under the Real Property after
             the date hereof; (iv) Hazardous Substances present on or under the
             Real Property

                                       16
<PAGE>   17

             as a result of any discharge, dumping, or spilling (whether
             accidental or otherwise) on the Real Property by other lessees of
             the Real Property or their agents, employees, contractors, or
             invitees, or by others. Accordingly, Sublessor and Subtenant agree
             that the cost of complying with Hazardous Substances Laws on the
             Real Property for which Sublessor is legally liable and that are
             paid or incurred by Sublessor shall not be charged to Subtenant as
             any other charge. In the event the Premises becomes uninhabitable,
             as so determined by a government agency, for a period in excess of
             30 days due to the presence of a Hazardous Substance in violation
             of the Hazardous Substances Laws and the Sublessor is responsible
             for the presence of such Hazardous Substance, then the Sublease
             shall terminate and the Sublessor shall not be liable to the
             Subtenant for any damages or costs whatsoever resulting from such
             early termination.

             H. WITHHOLDING CONSENT TO PROPOSED TRANSFEREES. Subtenant
acknowledges and agrees that it shall not be unreasonable for Sublessor to
withhold its consent to any proposed assignment, subletting, or transfer of
Subtenant's interest in the Sublease if (i) the anticipated use of the Premises
by the proposed assignee, subtenant, or transferee (collectively, a
"Transferee") involves the generation, storage, use, treatment, or disposal of
Hazardous Substances; (ii) the proposed Transferee has been required by any
prior lessor, lender, or governmental authority to make remedial action in
connection with Hazardous Substances contaminating a property, if the
contamination resulted from such transferee's actions or use of the property in
question; or (iii) the proposed Transferee is subject to an enforcement order
issued by any governmental authority in connection with the use, disposal, or
storage of a Hazardous Substance. Subtenant acknowledges and agrees that this
section shall not be

                                       17
<PAGE>   18

interpreted to modify the section of the Sublease restricting assignment,
subletting or transfer of the Subtenant's interest in the Sublease, including
implying that such consent cannot be unreasonably withheld.

                  I. ADDITIONAL INSURANCE OR FINANCIAL CAPACITY. If at anytime
it reasonably appears to Sublessor that Subtenant is not maintaining sufficient
insurance or other means of financial capacity to enable Subtenant to fulfill
its obligations to Sublessor pursuant to this Section 23, whether or not then
accrued, liquidated, conditional, or contingent, Subtenant shall procure and
thereafter maintain in full force and effect such insurance or other form of
financial assurance, with or from companies or persons and in forms reasonably
acceptable to Sublessor, as Sublessor may from time to time reasonably request.
Furthermore, any firm retained by Subtenant to remove Hazardous Substances from
the Premises or the Real Property must provide to the Sublessor a certificate of
insurance designation public liability, comprehensive auto insurance and
environmental impairment liability (or compliance with federal financial
responsibility requirements) with limits to be approved by the Sublessor in each
individual case.

         24. ACCESS TO PREMISES. Sublessor and Lessor shall have the right to
enter upon the Premises at all reasonable times for all reasonable purposes.
Except in cases of emergency, Sublessor shall make reasonable efforts, but shall
not be required, to give 24 hours advance notice of its intent to enter the
Premises.

         25. SURRENDER OF PREMISES. Upon the expiration of this Sublease, or any
extension thereof, or its termination in any way, Subtenant shall surrender and
deliver up the Premises broom clean and in as good order and condition as the
same shall have been at the commencement of the initial term of this Sublease,
or shall have been put by Subtenant and/or

                                       18
<PAGE>   19

Sublessor, except for reasonable wear and tear, repairs and replacements that
Sublessor is required to make and loss by fire or other casualty, and deliver
the keys to Sublessor and inform Sublessor of all combinations of locks, safes,
or vaults, if any.

         Subtenant hereby expressly authorizes Sublessor as agent of Subtenant
to remove such debris and make such changes and repairs as may be necessary to
restore the Premises to such condition at the expense of Subtenant without
notice to Subtenant, in the event that this covenant and other covenants of this
Sublease on the part of the Subtenant in respect to repair are not complied with
at the termination of this Sublease, the intent being that the agreement
respecting damages suffered by Sublessor through the breach of said covenants
shall survive the termination of this Sublease.

         26. RESTORATION OF PREMISES. Upon the expiration or termination of this
Sublease or any extension thereof, whether due to default or otherwise,
Sublessor shall have the option to have any additions, alterations, and
improvements made to the Premises in accordance with Section 11 hereof removed
and the Premises restored to the condition in which they were delivered to
Subtenant at the beginning of the term of this Sublease. Upon notice to
Subtenant from Sublessor of Sublessor's decision to exercise its option to have
the additions, alterations, and improvements removed and the Premises restored,
Subtenant shall cause the same to be done, at Subtenant's sole expense, no later
than forty-five (45) days after the expiration of Subtenant's leasehold estate.
Sublessor's exercise of this option shall not affect Subtenant's obligations
under Section 25 of the Sublease.

         If this Sublease is terminated due to default by Subtenant, then the
notice required from Sublessor to Subtenant under this section shall be served
with Sublessor's notice of default required under Section 27 hereof. Should
termination of the Sublease result from the expiration

                                       19
<PAGE>   20

of the original term or any renewal term of the Sublease, Sublessor shall notify
Subtenant of Sublessor's decision to exercise its option to have the additions,
alterations, and improvements removed and the Premises restored at least sixty
(60) days before the date on which Subtenant's leasehold estate will expire.

         Should Subtenant fall to cause the additions, alterations, and
improvements to be removed and the Premises restored within forty-five (45) days
after expiration of Subtenant's leasehold, Sublessor may, but shall not be
required to, cause the same to be done, and Subtenant shall pay the costs
thereof to Sublessor immediately upon Sublessor's giving notice of the same to
Subtenant. No such action by Sublessor shall in any way be deemed to be a waiver
by Sublessor of any right Sublessor may have hereunder on account of any default
by Subtenant.

         27. DEFAULT. If the said rent or any part thereof shall at any time be
in arrears and remain unpaid for a period of ten (10) days after Sublessor shall
have given notice of same to Subtenant, or if Subtenant shall default in
performance of any of the other terms, covenants or conditions of this Sublease
and such default shall continue for a period of twenty (20) days after Sublessor
shall have given notice thereof to Subtenant, during which period Subtenant
shall not have proceeded forthwith to remedy such default and prosecuted such
effort diligently until such default shall have been remedied, or if Subtenant
shall make an assignment for the benefit of creditors, be adjudged a bankrupt,
suffer a receiver or trustee to be appointed in any action or proceeding by or
against Subtenant and fail to secure the discharge of such receiver or trustee
within forty-five (45) days following such appointment, or if Subtenant shall
make an application for an arrangement or reorganization the bankruptcy laws of
the United States, or if Subtenant shall abandon or vacate the Premises, then
and in any such cases, it shall be lawful for Sublessor to enter into the
Premises and again have, repossess and enjoy the same as if this Sublease had

                                       20
<PAGE>   21

not been made, and thereupon this Sublease and everything contained herein on
the part of Sublessor to be done and performed shall cease, terminate and be
utterly void, without prejudice however to the rights of Sublessor and
obligations of Subtenant (including Sublessor's right to recover from Subtenant
all rent reserved hereunder which will thereupon accelerate and become
immediately due and payable). Sublessor shall be responsible for any damages to
the personal property of Subtenant that both occurs during any such re-entry and
results from the negligent, reckless or intentional act or omission of
Sublessor's employees or agents while they are acting within the scope of their
employment. In the event of an acceleration, the total of all remaining rents to
be paid by Subtenant will be discounted to present value using the then-existing
rate for one-year Treasury Bills. The commencement of a proceeding or suit in
forcible entry and detainer or in ejectment or otherwise after any default by
Subtenant shall be equivalent in every respect to actual entry by Sublessor, and
in case of such default by Subtenant and entry by Sublessor, Sublessor may, but
shall not be obligated to, relet the Premises.

         It shall be a default under and breach of this Sublease by Sublessor if
Sublessor shall fail to perform or observe any term, condition, covenant or
obligation required to be performed or observed by it under this Sublease for a
period of thirty (30) days after notice thereof from Subtenant; provided,
however, that if the term, condition, covenant or obligation to be performed is
of such nature that the same cannot reasonably be performed within such 30-day
period, such default shall be deemed to have been cured if Sublessor commences
such performance within said 30-day period and thereafter diligently undertakes
to complete the same. Upon the occurrence of any such default by Sublessor,
Subtenant may (i) take or commence any action to enforce this Sublease that is
permitted under Ohio law, (ii) cure the default and, if such cure requires
Subtenant to make any payment deduct any reasonable such payment from
Subtenant's

                                       21
<PAGE>   22

future rent payments to Sublessor, notwithstanding Section 4 of this Sublease,
or (iii) terminate this Sublease, immediately surrender the Premises to
Sublessor and cease paying rent hereunder.

         28. RELATIONSHIP OF SUBLESSOR AND SUBTENANT. Subtenant shall not use
any trademark, service mark or trade name of Sublessor, nor shall Subtenant hold
itself out as having any business affiliation with Sublessor without having
specific written consent from Sublessor.

         29. ESTOPPEL CERTIFICATE. Subtenant will execute, acknowledge, and
deliver to Sublessor or any proposed mortgagee or purchaser a certificate by
tenant which confirms the terms and conditions of this Sublease within five days
of a written request by Sublessor.

         30. NO WAIVER OF BREACH. Any failure or neglect by Sublessor to assert
or enforce any rights or remedies because of any breach or default by Subtenant
under this Sublease shall not (except as to those specific instances when
express time limits are provided for taking action) prejudice Sublessor's rights
or remedies with respect to any existing or subsequent breaches or defaults.
Acceptance of any partial payment from Subtenant will not waive Sublessor's
right to pursue Subtenant for any remaining balance due nor shall any
endorsement or statement on any check or any letter which acknowledges a check
or payment of rent be deemed an accord or satisfaction.

         31. TERMINATION BY COURT ORDER. In the event this Sublease is
determined in any court action to be in violation of any state law, Subtenant
shall vacate the Premises as soon as possible, not look to Sublessor for
recovery of any damages or reimbursement of expenses of any kind or of any rent
paid hereunder and, upon vacating the Premises, pay all unpaid rent accruing to
the time of such vacation.

                                       22
<PAGE>   23

         32. SIGNS. Subtenant will not place or cause to be placed or maintained
on the exterior of the Premises, any sign, advertising matter or other thing of
any kind and will not place or maintain any decoration, lettering or advertising
matter on the glass of any window or door of the Premises without first
obtaining written approval from Sublessor and Lessor, and Subtenant will
maintain such sign, decoration, lettering, advertising matter or other thing as
may be approved in good condition and repair at all times. Subtenant shall
comply with all laws, ordinances, and regulations which shall apply to said
signs.

         33. ACTS BEYOND CONTROL OF EITHER PARTY. In the event that either party
shall be delayed or hindered or prevented from the performance of any act
required hereunder by reason of strikes, lock-outs, labor troubles, inability to
procure materials, failure of power, inadequate power, restrictive governmental
laws or regulations, severe weather conditions, disaster, riots, insurrection,
war or other reason of a like nature not the fault of such party in performing
work or doing acts required under the terms of this Sublease, the performance of
such acts shall be excused for the period of the delay. This provision shall not
operate to excuse Subtenant from prompt payment of rent or any other payments
required by the terms of this Sublease.

         34. SUCCESSORS AND ASSIGNS. This Sublease shall be binding upon and
shall inure to the benefit of the respective successors and assigns of Sublessor
and Subtenant.

         35. APPLICABLE LAW. This Sublease shall be governed and construed
according to the laws of the State of Ohio.

         36. NOTICES. Whenever any payment notice, consent, or request is given
or made under this Sublease, it shall be made in writing and delivered in person
or sent by certified mail. Communications and payments to Subtenant shall be
addressed to:

                                       23
<PAGE>   24

                           Trevor Ferger
                           OxyNet, Inc.
                           6189 Memorial Drive
                           Dublin, Ohio 43017
                           (614) 793-9356

or any other address as may have been specified by prior notice to Sublessor.
Communications and payments to Sublessor shall be addressed to:

                           Business Technology Center
                           1275 Kinnear Road
                           Columbus, Ohio 43212

Checks shall be made payable to the Business Technology Center.

         37. ENTIRE AGREEMENT. This Sublease contains all the agreements and
understandings made between the parties and may only be modified in a writing by
the parties or their respective, successors in interest.

         38. SEVERABILITY. If any provision of this Sublease shall be invalid,
then the remainder of this Sublease shall not be affected or impaired and shall
remain in full force and effect.

         39. HEADINGS. The headings of the various sections of this Sublease are
inserted only for convenience and for reference and in no way define, limit, or
describe the scope or intent of this Sublease or any of its provisions.

         40. COUNTERPARTS. This Sublease has been executed by the parties in
several counterparts, each of which shall be deemed to be an original copy.

         41. GOVERNMENTAL REGULATIONS. Each party shall comply with all laws,
ordinances and regulations of the Government of the United States, State of
Ohio, and County and municipal authorities applicable to such party with respect
to the use, occupancy, construction, or maintenance of the Premises and site;
provided, however, that Sublessor shall be

                                       24
<PAGE>   25

responsible for ensuring compliance with the Americans With Disabilities Act and
any other similar legislation as it affects the common areas of the building and
Subtenant shall be responsible for ensuring such compliance as it affects the
Premises. These laws, ordinances, and regulations include (but are not limited
to) those prohibiting discrimination and those requiring payment of "prevailing
wages" and participation of minority businesses in construction of improvements.

         42. NON-DISCRIMINATION. During the term of this Sublease, Subtenant
shall operate the Premises without discrimination as to race, creed, color, age,
sex, religion, national origin or disability with respect to its employees,
vendors, contractors, business invitees, and guests.

         IN WITNESS WHEREOF, the parties have caused this Sublease to be
executed as of the day and year first above written.

SUBLESSOR                               SUBTENANT

BUSINESS TECHNOLOGY CENTER, INC.        OXYNET, INC.

By:                                     By: /s/ S. Trevor Ferger
   ----------------------------            ------------------------------------
Its: Executive Director                 Its: President
   ----------------------------            ------------------------------------

                                       25

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