Document:

<PAGE>
                                                                    Exhibit 10.7

                                                                  Execution Copy

                           COLLATERAL TRUST AGREEMENT

                          Dated as of October 21, 2002

                                      among

                                FMC CORPORATION,
             and Each Other Grantor From Time to Time Party Hereto,

                               CITICORP USA, INC.,
                        as the Bank Administrative Agent,

                      WACHOVIA BANK, NATIONAL ASSOCIATION,
                           as 1992 Indenture Trustee,

                      WACHOVIA BANK, NATIONAL ASSOCIATION,
                           as 1996 Indenture Trustee,

                      WACHOVIA BANK, NATIONAL ASSOCIATION,
                        as Senior Note Indenture Trustee

                                       and

                                 CITIBANK, N.A.,
                            as the Collateral Trustee

                           Weil, Gotshal & Manges LLP
                                767 Fifth Avenue
                          New York, New York 10153-0119

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                                TABLE OF CONTENTS

<TABLE>
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ARTICLE I.    Defined Terms....................................................................3

     Section 1.1  Definitions..................................................................3
     Section 1.2  Certain Other Terms..........................................................6

ARTICLE II.   Certain Obligations and Duties of the Collateral Trustee.........................7

     Section 2.1  Authorization to Execute Certain Documents...................................7
     Section 2.2  Certain Representations and Warranties.......................................7
     Section 2.3  Actions......................................................................7
     Section 2.4  Limitation on Duties.........................................................8

ARTICLE III.  Actionable Defaults; Remedies....................................................8

     Section 3.1  Control by the Bank Administrative Agent and the Indenture Trustee...........8
     Section 3.2  Notice of Actionable Default.................................................9
     Section 3.3  Remedies....................................................................10
     Section 3.4  Right to Initiate Judicial Proceedings, etc.................................11
     Section 3.5  Appointment of a Receiver...................................................11
     Section 3.6  Exercise of Powers..........................................................12
     Section 3.7  Remedies Not Exclusive......................................................12
     Section 3.8  Limitation by Law...........................................................12
     Section 3.9  Absolute Rights of Secured Parties..........................................13
     Section 3.10 Restatement of Rights.......................................................13

ARTICLE IV.   Priority; Collateral Account; Application of Moneys.............................13

     Section 4.1  Priority of Security Interests..............................................13
     Section 4.2  The Collateral Account......................................................13
     Section 4.3  Control of Collateral Account...............................................14
     Section 4.4  Investment of Funds Deposited in Collateral Account.........................14
     Section 4.5  Application of Moneys.......................................................14

ARTICLE V.    Agreement with Collateral Trustee...............................................15

     Section 5.1  Delivery of Secured Debt Instruments........................................15
     Section 5.2  Compensation and Expenses...................................................15
     Section 5.3  Stamp and Other Similar Taxes...............................................16
     Section 5.4  Filing Fees, Excise Taxes, etc..............................................16
     Section 5.5  Indemnification.............................................................16
     Section 5.6  Further Assurances..........................................................17
</TABLE>

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                                 TABLE OF CONTENTS
                                    (continued)

<TABLE>
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ARTICLE VI.   Collateral Trustee..............................................................17

     Section 6.1  Appointment of Collateral Trustee and Acceptance of Trust...................17
     Section 6.2  Exculpatory Provisions......................................................17
     Section 6.3  Delegation of Duties........................................................18
     Section 6.4  Reliance by Collateral Trustee..............................................18
     Section 6.5  Limitations on Duties of Collateral Trustee.................................19
     Section 6.6  Moneys to be Held in Trust..................................................20
     Section 6.7  Resignation and Removal of the Collateral Trustee...........................20
     Section 6.8  Status of Successors to the Collateral Trustee..............................21
     Section 6.9  Merger of the Collateral Trustee............................................21
     Section 6.10 Additional Co-Trustees; Separate Trustees...................................21

ARTICLE VII.  Release of Collateral...........................................................23

     Section 7.1  Conditions to Release.......................................................23
     Section 7.2  Effective Time of Release...................................................23

ARTICLE VIII. Miscellaneous...................................................................24

     Section 8.1  Amendments, Supplements and Waivers.........................................24
     Section 8.2  Notices.....................................................................25
     Section 8.3  Dealings with Grantors......................................................26
     Section 8.4  Claims Against the Collateral Trustee.......................................27
     Section 8.5  Successors and Assigns......................................................27
     Section 8.6  Counterparts................................................................27
     Section 8.7  Severability................................................................27
     Section 8.8  Section Headings............................................................27
     Section 8.9  Conflict with other Agreements..............................................27
     Section 8.10 Governing Law...............................................................27
     Section 8.11 Consent to Jurisdiction; Waiver of Jury Trial...............................28
</TABLE>

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<PAGE>
                           COLLATERAL TRUST AGREEMENT

          COLLATERAL TRUST AGREEMENT, dated as of October 21, 2002 (this
"Agreement"), by FMC CORPORATION ("FMC"), and each of the other entities which
becomes a party hereto pursuant to Section 6.10 of the Shared Collateral
Security Agreement (as defined below) (together with FMC, the "Grantors"),
CITICORP USA, INC., acting in its capacity as administrative agent to the Senior
Lenders (as defined below) (in such capacity, the "Bank Administrative Agent"),
WACHOVIA BANK, NATIONAL ASSOCIATION, successor to Harris Trust and Savings Bank,
acting in its capacity as trustee under the 1992 Indenture (as defined below)
(in such capacity, the "1992 Indenture Trustee"), WACHOVIA BANK, NATIONAL
ASSOCIATION, successor to Harris Trust and Savings Bank, acting in its capacity
as trustee under the 1996 Indenture (as defined below) (in such capacity, the
"1996 Indenture Trustee"), WACHOVIA BANK, NATIONAL ASSOCIATION, acting in its
capacity as trustee under the Senior Note Indenture (as defined below) (in such
capacity, the "Senior Note Indenture Trustee"), and CITIBANK, N.A., a national
banking association organized under the laws of the United States of America,
acting, except to the extent expressly stated otherwise in Section 2.2 and
Section 6.2, not in its individual capacity but solely as Collateral Trustee
under this Agreement for the Secured Parties (as defined below) (in such
capacity, the "Collateral Trustee").

                              W I T N E S S E T H:

          WHEREAS, pursuant to the Credit Agreement, dated as of October 21,
2002 (as amended, restated, supplemented or otherwise modified from time to
time, the "Credit Agreement"), among FMC, the Lenders and Issuers party thereto
and Citicorp USA, Inc., as the Administrative Agent for the Lenders and Issuers,
the Lenders and Issuers have severally agreed to make extensions of credit to
FMC upon the terms and subject to the conditions set forth therein;

          WHEREAS, pursuant to a letter of credit agreement, dated as of October
21, 2002 (as amended, restated, supplemented or otherwise modified from time to
time, the "L/C Agreement" and together with the Credit Agreement, the "Credit
Facilities") among FMC, Citibank, N.A., and Bank of America, N.A. (collectively,
the "L/C Issuers"), the L/C Issuers have severally agreed to issue letters of
credit for the account of FMC upon the terms and conditions set forth therein;

          WHEREAS, pursuant to the respective terms of (i) each of the Foreign
Credit Lines and (ii) certain Hedging Contracts and Cash Management Obligations
that are otherwise guaranteed by FMC (the "Foreign Facilities" and together with
the Foreign Credit Lines, the "Foreign Loans"), each of the Foreign Lenders has
agreed to make extensions of credit to the applicable Foreign Borrowers upon the
terms and subject to the conditions set forth in the documentation with respect
to each applicable Foreign Loan (together with all appendices, exhibits and
schedules thereto and as the same may be amended, restated, supplemented or
otherwise modified from time to time, collectively, the "Foreign Loan
Documents");

          WHEREAS, pursuant to the Guaranty Agreement dated as of September 14,
2000, by FMC in favor of Astaris LLC, each of the financial institutions party
thereto as lenders (the "Astaris Lenders") and Bank of America, N.A. (the
"Astaris Agreement" and, together with the Loan Documents, the Foreign Loan
Documents and the L/C Agreement, the "Credit Documents"), FMC has agreed to make
the Astaris Secured Payments for the benefit of the Astaris Lenders and Bank of
America, N.A.;

<PAGE>

          WHEREAS, FMC entered into the Parent Guaranty dated as of October 21,
2002, pursuant to which FMC has guaranteed the Foreign Loans (the "Parent
Guaranty");

          WHEREAS, FMC has issued and may issue the Senior Notes pursuant to the
Indenture dated as of October 21, 2002 (as amended, restated, supplemented or
otherwise modified from time to time, the "Senior Note Indenture"), between FMC
and the Senior Note Indenture Trustee;

          WHEREAS, to induce the Senior Lenders to enter into the Credit
Facilities and/or extend financial accommodations to FMC, and to induce the
holders to purchase the Senior Notes, FMC entered into the Shared Collateral
Pledge and Security Agreement, dated as of October 21, 2002 (as amended,
restated, supplemented or otherwise modified from time to time, the "Shared
Collateral Security Agreement"), in favor of the Collateral Trustee, granting to
the Collateral Trustee liens and security interests in the Shared Collateral;

          WHEREAS, in connection with the grant of security interests and liens
by FMC to the Collateral Trustee in all its title, rights and interest in and to
the Principal Properties owned by FMC, FMC executed and delivered to the
Collateral Trustee the Principal Property Mortgages;

          WHEREAS, to comply with certain covenants in the 1992 Indenture and
the 1996 Indenture pursuant to which FMC issued the 1992 Notes and the 1996
Notes, respectively, FMC is granting to the Collateral Trustee for the benefit
of the 1992 Indenture Trustee a security interest in the Shared Collateral to
secure the 1992 Note Obligations, and to the 1996 Indenture Trustee a security
interest in the Shared Collateral to secure the 1996 Note Obligations, equally
and ratably with the Secured Obligations and the Senior Note Obligations for so
long as the Secured Obligations are secured; and

                              DECLARATION OF TRUST:

          NOW, THEREFORE, to secure the payment, observance and performance of
the Secured Debt, in accordance with the provisions of the Secured Debt
Instruments and the Shared Collateral Documents, and in consideration of the
premises and the mutual agreements set forth herein, the Collateral Trustee does
hereby declare that it will hold as the Collateral Trustee in trust under this
Agreement to the extent granted and delivered to it all of its right, title and
interest in, to and under all the following (and each Grantor hereby consents
thereto) for the benefit of the Secured Parties:

               (A) each Shared Collateral Document and the Shared Collateral
     granted to the Collateral Trustee thereunder;

               (B) the Pledged Collateral delivered to, and accepted in writing
     by, the Collateral Trustee and the accompanying endorsements or instruments
     of transfer duly executed in blank;

               (C) each agreement or other document entered into and/or
     delivered, from time to time, pursuant to Section 5.6, Section 8.1(a),
     Section 8.1(b) or Section 8.1(c) of this Agreement or pursuant to the terms
     of the Credit Facilities or the Shared Collateral Documents, and in each
     case accepted by the Collateral Trustee in writing, and the Shared
     Collateral granted and delivered to the Collateral Trustee thereunder; and

                                        2

<PAGE>

               (D) the Proceeds of each of the foregoing (collectively with
     clauses (A), (B) and (C) above, the "Trust Estate");

          TO HAVE AND TO HOLD the Trust Estate unto the Collateral Trustee and
its successors in trust under this Agreement and its assigns and the assigns of
its successors in trust forever;

          IN TRUST NEVERTHELESS, under and subject to the terms and conditions
set forth herein and in the other Shared Collateral Documents, and for the
benefit of the Secured Parties and for the enforcement of the payment of all
Secured Debt, and for the performance of and compliance with the covenants and
conditions of the Secured Debt Instruments and each of the Shared Collateral
Documents;

          PROVIDED, HOWEVER, that these presents are upon the condition that if
all of the conditions set forth in Article VII of this Agreement are satisfied
with respect to all of the Shared Collateral, then this Agreement, and the
estates and rights assigned in the Shared Collateral Documents, shall cease,
terminate and be void; otherwise they shall remain and be in full force and
effect.

          IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is
to be held and applied by the Collateral Trustee, subject to the further
covenants, conditions and trust hereinafter set forth.

          ARTICLE I. Defined Terms

          Section 1.1 Definitions.
                      -----------

          (a) Unless otherwise defined herein, capitalized terms defined in the
Credit Agreement or the Shared Collateral Security Agreement and used herein
have the meanings given to them in the Credit Agreement or the Shared Collateral
Security Agreement, as the case may be; provided, that on or after the Credit
Agreement Termination Date all references to the Credit Agreement including
terms defined in the Credit Agreement shall be deemed a reference to the
applicable provisions of the Credit Agreement as in effect on such date
(immediately prior to the termination thereof). The Grantor agrees to provide
prompt notice to the Collateral Trustee of any change to the definitions
contained in the Credit Agreement.

          (b) The following terms shall have the following meanings:

          "Actionable Default" means the occurrence and continuation of (i) a
Credit Event of Default or (ii) an Indenture Event of Default.

          "Additional Grantor" means each entity which becomes a party hereto
pursuant to Section 6.10 of the Shared Collateral Security Agreement by
executing a joinder agreement.

          "Astaris Agreement" has the meaning given in the recitals to this
Agreement.

          "Astaris Lenders" has the meaning given in the recitals to this
Agreement.

          "Astaris Secured Payments" means, the keepwell payments required to be
made by FMC to Astaris LLC pursuant to the Astaris Agreement, as in effect on
the date hereof, by FMC in favor of Astaris LLC and the lenders under a credit
agreement in connection therewith.

                                        3

<PAGE>

          "Bank Administrative Agent" has the meaning given in the introduction
to this Agreement.

          "Bankruptcy Code" means Title 11 of the United States Code, 11 U.S.C.
et seq., as the same may be amended from time to time, and any successor statute
thereto.

          "Business Day" means a day which is not a Saturday, Sunday or any
other day on which the Collateral Trustee, the Bank Administrative Agent, the
1992 Indenture Trustee, the 1996 Indenture Trustee, or the Senior Note Indenture
Trustee is not open for business.

          "Cash Equivalents" means (a) securities issued or fully guaranteed or
insured by the United States government or any agency thereof, (b) certificates
of deposit, U.S. dollar time deposits, overnight bank deposits and bankers'
acceptances of any commercial bank organized under the laws of the United
States, any state thereof, the District of Columbia, or its branches or agencies
(fully protected against currency fluctuations) that, at the time of
acquisition, are rated at least "A-1" by Standard & Poor's Rating Services
("S&P") or "P-1" by Moody's Investors Services, Inc. ("Moody's"), (c) commercial
paper of an issuer rated at least "A-1" by S&P or "P-1" by Moody's and (d)
shares of any money market fund that (i) has at least 95% of its assets invested
continuously in the types of investments referred to in clauses (a), (b) and (c)
above, (ii) has net assets of not less than $500,000,000 and (iii) is rated at
least "A-1" by S&P or "P-1" by Moody's Investors Services, Inc.; provided,
however, that the maturities of all obligations of the type specified in clauses
(a), (b) and (c) above shall not exceed 180 days, including any fund for which
the Collateral Trustee or an affiliate of the Collateral Trustee serves as an
investment advisor, administrator, shareholder servicing agent, custodian or
subcustodian, notwithstanding that (A) the Collateral Trustee or an affiliate of
the Collateral Trustee charges and collects fees and expenses from such funds
for services rendered (provided that such charges, fees and expenses are on
terms consistent with terms negotiated at arm's length) and (B) the Collateral
Trustee charges and collects fees and expenses for services rendered, pursuant
to this Agreement.

          "Cash Management Obligations" means, as applied to any Person, any
direct or indirect liability, contingent or otherwise, of such Person in respect
of cash management services (including treasury, depository, overdraft, credit
or debit card, electronic funds transfer and other cash management arrangements)
provided by the Bank Administrative Agent, any Lender or any affiliate of any of
them, including obligations for the payment of fees, interest, charges,
expenses, attorneys' fees and disbursements in connection therewith.

          "Collateral Account" has the meaning specified in Section 4.2 to this
Agreement.

          "Collateral Trustee" has the meaning given in the introduction to this
Agreement.

          "Collateral Trustee Fees" means all fees, costs, expenses and other
claims of the Collateral Trustee of the types described in Sections 5.2, 5.3,
5.4 and 5.5 of this Agreement.

          "Collateral Trustee's Fee Agreement" means the Collateral Trustee Fee
Agreement, dated as of October 21, 2002, among the Collateral Trustee and FMC.

          "Credit Agreement" has the meaning given in the recitals to this
Agreement.

                                        4

<PAGE>

          "Credit Agreement Termination Date" means the date on which all
Obligations under the Credit Agreement have been paid in full and all
Commitments and Letters of Credit thereunder have been terminated.

          "Credit Documents" has the meaning given in the recitals to this
Agreement.

          "Credit Event of Default" means an "Event of Default" as defined in
the Credit Agreement or the L/C Agreement.

          "Credit Facilities" has the meaning given in the recitals to this
Agreement.

          "Distribution Dates" means the Business Days fixed by the Bank
Administrative Agent for the distribution of all moneys held by the Collateral
Trustee in the Collateral Account, the first of which shall occur within thirty
(30) days after the giving of a Notice of Actionable Default which has not
theretofore been withdrawn and the balance of which shall, so long as such
Notice of Actionable Default shall not have been withdrawn, be on the
corresponding day in each calendar week thereafter.

          "Foreign Credit Lines" means a credit facility or similar credit
arrangement (including any arrangement in connection with Permitted Vendor
Indebtedness) made available by a financial institution to Foreign Subsidiaries
or their customers, as applicable.

          "Foreign Credit Obligations" means any principal, interest and all
other obligations and liabilities of FMC and any Guarantors, whether absolute or
contingent, due or to become due, or now existing or hereafter incurred, which
may arise under, out of, or in connection with Indebtedness guaranteed by the
Parent Guaranty or any other document made, delivered or given in connection
therewith, in each case whether on account of principal, interest, guarantee
obligations, fees, indemnities, costs, expenses or otherwise.

          "Foreign Lenders" has the meaning given in the Parent Guaranty.

          "Foreign Loans" has the meaning given in the recitals to this
Agreement.

          "Governmental Authority" means any nation, sovereign or government,
any state or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government, including any central bank.

          "Hedging Contracts" means all interest rate swap agreements, interest
rate cap agreements, interest rate collar agreements and interest rate
insurance, foreign exchange contracts, currency swap or option agreements,
forward contracts, commodity swap, purchase or option agreements, other
commodity price hedging arrangements, and all other similar agreements or
arrangements designed to alter the risks of any Person arising from fluctuations
in interest rates, currency values or commodity prices..

          "Indenture Event of Default" means a payment or bankruptcy event of
default under Section 5.1(a), 5.1(b) or 5.1(e) of the 1992 Indenture, Section
5.1(a), 5.1(b) or 5.1(e) of the 1996 Indenture and/or Section 6.01(1), 6.01(2)
or 6.01(7) of the Senior Note Indenture.

          "L/C Agreement" has the meaning given in the recitals to this
Agreement.

          "L/C Issuers" has the meaning given in the recitals to this Agreement.

                                        5

<PAGE>

          "Loan Documents" has the meaning given in the Credit Agreement.

          "Notice of Actionable Default" means a written certification from the
Bank Administrative Agent, the 1992 Indenture Trustee, the 1996 Indenture
Trustee, or the Senior Note Indenture Trustee, as the case may be, addressed to
the Collateral Trustee certifying that an Actionable Default has occurred with
respect to the Secured Debt.

          "Parent Guaranty" has the meaning given in the recitals to this
Agreement.

          "Permitted Vendor Indebtedness" means Indebtedness incurred by
Subsidiaries of FMC organized in Brazil (and the guarantees by FMC thereof)
consisting of (a) import financing Indebtedness incurred directly by any such
Subsidiary for the purpose of conducting vendor financing programs in South
America and (b) guarantees by any such Subsidiary or FMC of Indebtedness
incurred by customers in order to finance the purchase of products of FMC and
its Subsidiaries or the purchase of third-party agricultural products, in an
aggregate principal amount not to exceed the amount incurred and available to be
incurred at the Closing Date as set forth on Schedule VI to the Credit
Agreement.

          "Person" means an individual, partnership, corporation (including a
business trust), joint stock company, estate, trust, limited liability company,
unincorporated association, joint venture or other entity, or a Governmental
Authority.

          "Pledged Collateral" has the meaning given in the Shared Collateral
Security Agreement.

          "Principal Property" has the meaning given in the Shared Collateral
Security Agreement.

          "Principal Property Mortgages" means the mortgages, deeds of trust and
other real estate security documents made or required to be made by the Grantors
or any of their affiliates in favor of the Collateral Trustee for the benefit of
the Secured Parties with respect to the Principal Properties.

          "Responsible Officer" means the chief executive officer, president or
chief financial officer.

          "Required Holders of Secured Debt" has the meaning set forth in
Section 3.1(b).

          "Requisite Obligees" means the holders of more than 50% of the
aggregate principal amount of the then outstanding Secured Debt.

          "Secured Debt" means, collectively, the Senior Secured Obligations,
the Senior Note Obligations, the 1992 Note Obligations, the 1996 Note
Obligations and the Collateral Trustee's Fees.

          "Secured Debt Instruments" means, collectively, (i) the Credit
Documents, (ii) the Senior Note Indenture, the Senior Notes and all other
documents and instruments executed in connection therewith, (iii) the 1992
Indenture and the 1992 Notes, (iv) the 1996 Indenture and the 1996 Notes and (v)
the Collateral Trustee's Fee Agreement.

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<PAGE>

          "Secured Party" means each of (i) the Bank Administrative Agent, for
its own account and on behalf of the Senior Lenders, (ii) the Senior Note
Indenture Trustee, for its own account and on behalf of each holder of the
Senior Notes, (iii) the 1992 Indenture Trustee, for its own account and on
behalf of each holder of the 1992 Notes and (iv) the 1996 Indenture Trustee, for
its own account and on behalf of each holder of the 1996 Notes, and (iv) the
Collateral Trustee, for its own account.

          "Securities Account" has the meaning given in the Uniform Commercial
Code as from time to time in effect in the State of New York.

          "Senior Lenders" means the Lenders, the Issuers and the Administrative
Agent under the Credit Agreement and any other holder of any Senior Secured
Obligation.

          "Senior Note Indenture" has the meaning given in the recitals to this
Agreement.

          "Senior Note Indenture Trustee" has the meaning given in the recitals
to this Agreement.

          "Senior Note Obligations" means all principal, interest and all other
obligations and liabilities of FMC and each Guarantor (including interest
accruing at the then applicable rate provided in the Senior Note Indenture after
the maturity of the Senior Notes and interest accruing at the then applicable
rate provided in the Senior Note Indenture after the filing of any petition in
bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to FMC or any Guarantor, whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding), whether
absolute or contingent, due or to become due, or now existing or hereafter
incurred, which may arise under, out of, or in connection with the Senior Note
Indenture, the Senior Notes, the Shared Collateral Documents or any other
document made, delivered or given in connection therewith, in each case whether
on account of principal, interest, guarantee obligations, fees, indemnities,
costs, expenses or otherwise.

          "Senior Notes" means, the senior notes of FMC due 2009 issued from
time to time pursuant to the Senior Note Indenture.

          "Senior Priority Collateral" means the Shared Collateral up to a
maximum amount equal to 10% of Consolidated Net Tangible Assets (as such term is
defined in the 1996 Indenture), such amount being equal to approximately $139.7
million as of June 30, 2002 as such amount may increase from time to time (and
not thereafter decrease) as of any date on which any Senior Secured Obligations
are incurred.

          "Senior Secured Obligations" means (i) in the case of FMC, (A) the
Obligations, (B) the "Obligations" as defined under the L/C Agreement, (C) the
"Obligations" as defined in the Parent Guaranty and (D) the Astaris Secured
Payments, and (ii) in the case of each other Guarantor, the obligations of such
Guarantors under the Guaranties and the other Loan Documents to which it is a
party.

          "Shared Collateral" means, collectively, "Shared Collateral" as
defined in the Shared Collateral Security Agreement, the "Mortgaged Property" as
defined in the Principal Property Mortgages and any other property in which the
Collateral Trustee has, or purportedly has, an interest (including, without
limitation, a Lien) from time to time under this Agreement or one or more of the
other Shared Collateral Documents.

                                        7

<PAGE>

          "Shared Collateral Documents" means this Agreement, the Shared
Collateral Security Agreement, the Principal Property Mortgages and all other
security agreements, pledge agreements, guaranties and other collateral or
related documents executed and/or delivered by the Grantors and executed and/or
delivered by the Collateral Trustee or accepted by the Collateral Trustee in
writing, as the same may be amended, supplemented or otherwise modified in
accordance with their respective terms and with the terms hereof.

          "Shared Collateral Security Agreement" has the meaning given in the
recitals to this Agreement.

          "Trust Estate" has the meaning given in the Declaration of Trust to
this Agreement.

          "UCC" has the meaning given in the Shared Collateral Security
Agreement.

          "1992 Indenture" means the Indenture, dated as of April 19, 1992,
between FMC and the 1992 Indenture Trustee, as amended, restated, supplemented
or otherwise modified from time to time.

          "1992 Indenture Trustee" has the meaning given in the recitals to this
Agreement.

          "1992 Notes" means the existing public debt issued pursuant to the
1992 Indenture.

          "1992 Note Obligations" means any principal, interest and all other
obligations and liabilities of FMC (including interest accruing at the then
applicable rate provided in the 1992 Indenture after the maturity of the 1992
Notes and interest accruing at the then applicable rate provided in the 1992
Indenture after the filing of any petition in bankruptcy, or the commencement of
any insolvency, reorganization or like proceeding, relating to FMC, whether or
not a claim for post-filing or post-petition interest in allowed in such
proceeding), whether absolute or contingent, due or to become due, or now
existing or hereafter incurred, which may arise under, out of, or in connection
with the 1992 Indenture, the 1992 Notes, the Shared Collateral Documents or any
other document made, delivered or given in connection therewith in each case
whether on account of principal, interest, guarantee obligations, fees,
indemnities, costs, expenses or otherwise.

          "1996 Indenture" means the Indenture, dated as of July 1, 1996,
between FMC and the 1996 Indenture Trustee, as amended, restated, supplemented
or otherwise modified from time to time.

          "1996 Indenture Trustee" has the meaning given in the recitals to this
Agreement.

          "1996 Notes" means the existing public debt issued pursuant to the
1996 Indenture.

          "1996 Note Obligations" means any principal, interest and all other
obligations and liabilities of FMC (including interest accruing at the then
applicable rate provided in the 1996 Indenture after the maturity of the 1996
Notes and interest accruing at the then applicable rate provided in the 1996
Indenture after the filing of any petition in bankruptcy, or the

                                        8

<PAGE>

commencement of any insolvency, reorganization or like proceeding, relating to
FMC, whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding), whether absolute or contingent, due or to become due, or
now existing or hereafter incurred, which may arise under, out of, or in
connection with the 1996 Indenture, the 1996 Notes, the Shared Collateral
Documents or any other document made, delivered or given in connection
therewith, in each case whether on account of principal, interest, guarantee
obligations, fees, indemnities, costs, expenses or otherwise.

          Section 1.2 Certain Other Terms.

          (a) The words "herein," "hereof," "hereto" and "hereunder" and similar
words refer to this Agreement as a whole and not to any particular Article,
Section, subsection or clause in this Agreement.

          (b) References herein to an Annex, Schedule, Article, Section,
subsection or clause refer to the appropriate Annex or Schedule to, or Article,
Section, subsection or clause in this Agreement.

          (c) The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.

          (d) Where the context requires, provisions relating to the Shared
Collateral or any part thereof, when used in relation to a Grantor, shall refer
to such Grantor's Shared Collateral or the relevant part thereof.

          (e) Any reference in this Agreement to a Secured Debt Instrument or
Shared Collateral Document shall include all appendices, exhibits and schedules
thereto, and, unless specifically stated otherwise all amendments, restatements,
supplements or other modifications thereto, and as the same may be in effect at
any and all times such reference becomes operative.

          (f) The term "including" means "including without limitation" except
when used in the computation of time periods.

          (g) The terms "Bank Administrative Agent," "Collateral Trustee,"
"Secured Party," "Senior Note Indenture Trustee," "Grantor," "FMC," "1992
Indenture Trustee," and "1996 Indenture Trustee," include their respective
successors.

          (h) References in this Agreement to any statute shall be to such
statute as amended or modified and in effect from time to time.

          ARTICLE   II. CERTAIN OBLIGATIONS AND DUTIES OF THE COLLATERAL TRUSTEE

          Section 2.1 Authorization to Execute Certain Documents. Each Secured
Party hereby authorizes the Collateral Trustee to, and the Collateral Trustee
shall, execute and deliver each of the Shared Collateral Documents described on
Schedule A hereto requiring execution and delivery by it, and the Collateral
Trustee shall accept delivery from the Grantors of those Shared Collateral
Documents which do not require the Collateral Trustee's execution; provided,
however, that the Collateral Trustee shall have no duty to execute and deliver,
or to accept delivery of, any Shared Collateral Document that is not
satisfactory to it.

                                        9

<PAGE>

          Section 2.2 Certain Representations and Warranties. The Collateral
Trustee represents and warrants to the Secured Parties as follows:

          (a) The Collateral Trustee is a national banking association organized
under the laws of the United States and has all required corporate power and
authority to enter into and perform its obligations under this Agreement and any
other Shared Collateral Document to which it is or may become a party.

          (b) The execution, delivery and performance by the Collateral Trustee
of this Agreement and any other Shared Collateral Document to which it (i) is a
party have been duly authorized by all necessary corporate action on the part of
the Collateral Trustee and (ii) becomes a party will be duly authorized by all
necessary corporate action on the part of the Collateral Trustee.

          (c) There are no actions or proceedings pending or, to its knowledge,
threatened against it before any Governmental Authority (i) which question the
validity or enforceability of this Agreement or any other Shared Collateral
Document to which it is a party; or (ii) which relate to the banking or trust
powers of the Collateral Trustee and which, if determined adversely to the
position of the Collateral Trustee, would materially and adversely affect the
ability of the Collateral Trustee to perform its obligations under this
Agreement or any of the other Shared Collateral Documents to which it is a
party.

          (d) This Agreement and all of the other Shared Collateral Documents to
which the Collateral Trustee is a party have been duly executed and delivered by
it.

          Section 2.3 Actions.

                    Until the payment in full of the Senior Secured Obligations
as notified to the Collateral Trustee in writing by the Bank Administrative
Agent and (i) prior to the Collateral Trustee's receipt of a Notice of
Actionable Default or (ii) after the withdrawal of all pending Notices of
Actionable Default in accordance with the terms of Section 3.2(b) and prior to
the Collateral Trustee's receipt of any additional Notice of Actionable Default,
the Collateral Trustee shall take any action with respect to the Shared
Collateral and the Shared Collateral Documents requested in writing by the Bank
Administrative Agent or, after the Credit Agreement Termination Date, the
Requisite Obligees; provided, however, that the Collateral Trustee shall not be
obligated to take any such action which is in conflict with provisions of law or
the Shared Collateral Documents, is prohibited by order of any court or
Governmental Authority or with respect to which the Collateral Trustee has not
received adequate security or indemnity as provided in Section 6.4(d).

          Section 2.4 Limitation on Duties. The Collateral Trustee's sole duty
with respect to the custody, safekeeping and physical preservation of the Shared
Collateral in its possession shall be to deal with it in the same manner as the
Collateral Trustee deals with similar property for its own account. Neither the
Collateral Trustee, any other Secured Party nor any of their respective
officers, directors, employees or agents shall be liable for failure to demand,
collect or realize upon any of the Shared Collateral or for any delay in doing
so or shall be under any obligation to sell or otherwise dispose of any Shared
Collateral upon the request of any Grantor or any other Person (except pursuant
to Section 2.3, Article III or Article VII) or to take any other action
whatsoever with regard to the Shared Collateral or any part thereof. The powers
conferred on the Collateral Trustee hereunder are solely to protect the
Collateral Trustee's interest in the Shared Collateral and shall not impose any
duty upon the Collateral Trustee or any other

                                       10

<PAGE>

Secured Party to exercise any such powers. The Collateral Trustee and the other
Secured Parties shall be accountable only for amounts that they actually receive
as a result of the exercise of such powers, and neither they nor any of their
officers, directors, employees or agents shall be responsible to any Grantor for
any act or failure to act hereunder, except for their own gross negligence or
willful misconduct.

          ARTICLE III. Actionable Defaults; Remedies

          Section 3.1 Control.

          (a) Subject to Section 3.1(c), if the Collateral Trustee shall have
received a Notice of Actionable Default based on a Credit Event of Default from
the Bank Administrative Agent and so long as (i) such Notice of Actionable
Default has not been withdrawn in accordance with the provisions of Section
3.2(b) and (ii) no Notice of Actionable Default based on an Indenture Event of
Default has been received from the 1992 Indenture Trustee, the 1996 Indenture
Trustee, or the Senior Note Indenture Trustee, the Bank Administrative Agent
shall have the right, by an instrument in writing executed and delivered to the
Collateral Trustee, to direct the Collateral Trustee to exercise, or to refrain
from exercising, any right, remedy, trust or power available to or conferred
upon the Collateral Trustee hereunder or under any Shared Collateral Document
and in connection therewith, to direct the time, method and place of conducting
any proceeding for any right or remedy available to the Collateral Trustee, or
of exercising any trust or power conferred on the Collateral Trustee, or for the
appointment of a receiver, or for the taking of any other action authorized by
this Agreement or any Shared Collateral Document; provided, however, that the
Collateral Trustee shall have received adequate security or indemnity as
provided in Section 6.4(d) of this Agreement.

          (b) Subject to Section 3.1(c), if the Collateral Trustee shall have
received a Notice of Actionable Default based on an Indenture Event of Default
from the 1992 Indenture Trustee, the 1996 Indenture Trustee, or the Senior Note
Indenture Trustee, irrespective of whether the Bank Administrative Agent has
submitted a Notice of Actionable Default, and so long as such Notice of
Actionable Default has not been withdrawn in accordance with the provisions of
Section 3.2(b), the representatives of more than 50% of the aggregate principal
amount of the Secured Debt (collectively, the "Required Holders of Secured
Debt") shall, by an instrument in writing executed and delivered to the
Collateral Trustee, direct the Collateral Trustee to exercise, or to refrain
from exercising, any right, remedy, trust or power available to or conferred
upon the Collateral Trustee hereunder or under any Shared Collateral Document
and in connection therewith, to direct the time, method and place of conducting
any proceeding for any right or remedy available to the Collateral Trustee, or
of exercising any trust or power conferred on the Collateral Trustee, or for the
appointment of a receiver, or for the taking of any other action authorized by
this Agreement or any Shared Collateral Document; provided, however, that the
Collateral Trustee shall have received adequate security or indemnity as
provided in Section 6.4(d) of this Agreement.

          (c) The Collateral Trustee shall not be obligated to follow any
written directions received pursuant to Section 3.1(a), Section 3.1(b) or
Section 3.4 of this Agreement to the extent the Collateral Trustee has received
a written opinion of its counsel, which counsel shall be reasonably satisfactory
to the Bank Administrative Agent, the 1992 Indenture Trustee, the 1996 Indenture
Trustee, and the Senior Note Indenture Trustee to the effect that such
directions are in conflict with any provisions of law or any applicable Shared
Collateral Document or any order of any court or Governmental Authority;
provided, however, under no circumstances shall the Collateral Trustee be liable
for following such written directions of the Bank Administrative

                                       11

<PAGE>

Agent, the 1992 Indenture Trustee, the 1996 Indenture Trustee, or the Senior
Note Indenture Trustee, as the case may be.

          Nothing in this Section 3.1 shall impair the right of the Collateral
Trustee in its discretion to take or omit to take any action which is deemed
proper by the Collateral Trustee and which it believes in good faith is not
inconsistent with any direction of the Bank Administrative Agent or the Required
Holders of Secured Debt delivered pursuant to this Section 3.1; provided,
however, the Collateral Trustee shall not be under any obligation, as a result
of this Section 3.1 or any other provision of this Agreement, to take any action
which is discretionary with the Collateral Trustee under the provisions hereof
or under any other Shared Collateral Document unless so directed by the Bank
Administrative Agent or the Required Holders of Secured Debt, as applicable.

          Section 3.2 Notice of Actionable Default.

          (a) Upon receipt of a Notice of Actionable Default, the Collateral
Trustee shall, within five (5) Business Days thereafter, notify each Secured
Party and each Grantor in the manner provided in Section 8.2 of this Agreement
that a Notice of Actionable Default has been received. Upon receipt of any
written directions pursuant to Section 3.1(a) or Section 3.1(b) of this
Agreement, the Collateral Trustee shall, within five (5) Business Days
thereafter, send a copy thereof to each Secured Party and each Grantor in the
manner provided in Section 8.2 of this Agreement; provided, however, that the
failures of the Collateral Trustee to send such copy shall not impair any of the
rights, powers and remedies of the Collateral Trustee under any Shared
Collateral Documents.

          (b) The party (or successors in interest thereto) giving a Notice of
Actionable Default shall be entitled, or required if the Actionable Default
shall no longer be continuing, to withdraw it by delivering written notice of
withdrawal to the Collateral Trustee (i) before the Collateral Trustee takes any
action to exercise any remedy with respect to the Shared Collateral or (ii)
thereafter if the Grantors otherwise indemnify the Collateral Trustee and the
Secured Parties (in a manner satisfactory to the Collateral Trustee and the
Secured Parties in their sole discretion) with respect to all costs and expenses
incurred by the Collateral Trustee and the Secured Parties in connection with
reversing all actions the Collateral Trustee or any Secured Party has taken to
exercise any remedy or remedies with respect to the Shared Collateral. The
Collateral Trustee shall immediately notify each Grantor as to the receipt and
contents of any such notice of withdrawal and shall promptly notify each Secured
Party, in the manner provided in Section 8.2 of this Agreement, of the
withdrawal of any Notice of Actionable Default. The failure of the Collateral
Trustee to send a copy or notice required pursuant to this Section 3.2 shall not
impair any of the rights, powers and remedies of the Collateral Trustee under
any Shared Collateral Document.

          (c) To the extent that any Notice of Actionable Default shall give
rise to any of the rights and remedies provided in this Agreement or any other
Shared Collateral Document or shall prohibit any Grantor from taking certain
actions as specified herein or therein, such rights and remedies shall be
suspended, any exercise thereof by the Collateral Trustee shall cease, and such
prohibition on the Grantors shall not remain in effect upon receipt by the
Collateral Trustee of written notice of withdrawal of such Notice of Actionable
Default pursuant to the terms and provisions of Section 3.2(b); provided,
however, that such rights and remedies, and such prohibitions, shall be
reinstated upon the giving of any later Notice of Actionable Default.

          Section 3.3 Remedies.

                                       12

<PAGE>

          (a) If and only if the Collateral Trustee shall have received a Notice
of Actionable Default and during such time as such Notice of Actionable Default
shall not have been withdrawn in accordance with the provisions of Section
3.2(b), the Collateral Trustee may, and upon the written direction of the Bank
Administrative Agent or the Required Holders of Secured Debt, as the case may
be, pursuant to Section 3.1(a) and Section 3.1(b) shall, exercise the rights and
remedies provided in this Agreement and in any other Shared Collateral Document
or under the UCC or other applicable law.

          (b) Each Grantor hereby waives presentment, demand, protest or any
notice (to the extent permitted by applicable law and except as otherwise
expressly provided in this Agreement or any other Shared Collateral Document) of
any kind in connection with this Agreement, any other Shared Collateral
Document, any Secured Debt Instrument or any Shared Collateral.

          (c) Each Grantor hereby irrevocably constitutes and appoints the
Collateral Trustee and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority in the place and stead of such Grantor and in the name of
such Grantor or in its own name, for the purpose of carrying out the terms of
this Agreement or other Shared Collateral Documents, to take any and all
appropriate action and to execute any and all documents and instruments which
may be necessary or desirable to accomplish the purposes of this Agreement and
other Shared Collateral Documents, and, without limiting the generality of the
foregoing, each Grantor hereby gives the Collateral Trustee the power and right,
on behalf of such Grantor, without notice to or assent by such Grantor, to do
any or all of the following:

          (i) in the name of such Grantor or its own name, or otherwise, take
     possession of and indorse and collect any checks, drafts, notes,
     acceptances or other instruments for the payment of moneys due with respect
     to any Shared Collateral and file any claim or take any other action or
     proceeding in any court of law or equity or otherwise deemed appropriate by
     the Collateral Trustee for the purpose of collecting any and all such
     moneys due with respect to any other Shared Collateral whenever payable;

          (ii) pay or discharge taxes and Liens levied or placed on or
     threatened against the Shared Collateral, effect any repairs or any
     insurance called for by the terms of this Agreement and pay all or any part
     of the premiums therefor and the costs thereof;

          (iii) execute, in connection with any sale permitted by any Shared
     Collateral Document any endorsements, assignments or other instruments of
     conveyance or transfer with respect to the Shared Collateral; and

          (iv) (A) direct any party liable for any payment under any of the
     Shared Collateral to make payment of any and all moneys due or to become
     due thereunder directly to the Collateral Trustee or as the Collateral
     Trustee shall direct; (B) ask or demand for, collect, and receive payment
     of and receipt for, any and all moneys, claims and other amounts due or to
     become due at any time in respect of or arising out of any Shared
     Collateral; (C) sign and indorse any invoices, freight or express bills,
     bills of lading, storage or warehouse receipts, drafts against debtors,
     assignments, verifications, notices and other documents in connection with
     any of the Shared Collateral; (D) commence and prosecute any suits, actions
     or proceedings at law or in equity in any court of competent jurisdiction
     to collect the Shared Collateral or any portion thereof and to enforce any
     other right in respect of any Shared Collateral; (E) defend any suit,
     action

                                       13

<PAGE>

     or proceeding brought against such Grantor with respect to any Shared
     Collateral; (F) settle, compromise or adjust any such suit, action or
     proceeding and, in connection therewith, give such discharges or releases
     as the Collateral Trustee may deem appropriate; (G) generally, sell,
     transfer, pledge and make any agreement with respect to or otherwise deal
     with any of the Shared Collateral as fully and completely as though the
     Collateral Trustee were the absolute owner thereof for all purposes, and
     do, at the Collateral Trustee's option and such Grantor's expense, at any
     time, or from time to time, all acts and things which the Collateral
     Trustee deems necessary to protect, preserve or realize upon the Shared
     Collateral and the Collateral Trustee's and the other Secured Parties'
     security interests therein and to effect the intent of this Agreement, all
     as fully and effectively as such Grantor might do.

Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause
to be done by virtue hereof. Anything in this Section 3.3(c) to the contrary
notwithstanding, the Collateral Trustee agrees that it will not exercise any
rights under the power of attorney provided for in this Section 3.3(c) unless
the Collateral Trustee has received a Notice of Actionable Default and such
Notice of Actionable Default has not been withdrawn in accordance with the
provisions of Section 3.2(b).

          (d) If any Grantor fails to perform or comply with any of its
agreements contained herein or any Shared Collateral Document, the Collateral
Trustee, at its option, but without any obligation so to do, may perform or
comply, or otherwise cause performance or compliance, with such agreement.

          (e) All powers, authorizations and agencies contained in this
Agreement are coupled with an interest and are irrevocable until this Agreement
is terminated and the security interests created by the Shared Collateral
Documents are released.

          Section 3.4 Right to Initiate Judicial Proceedings, etc. If and only
if the Collateral Trustee shall have received a Notice of Actionable Default and
during such time as such Notice of Actionable Default shall not have been
withdrawn in accordance with the provisions of Section 3.2(b), (i) the
Collateral Trustee shall have the right and power to institute and maintain such
suits and proceedings as it may be directed in writing pursuant to Section
3.1(a) and Section 3.1(b) and (ii) the Collateral Trustee may, either after
entry or without entry, proceed by suit or suits at law or in equity to enforce
such rights to foreclose upon the Shared Collateral and to sell all or, from
time to time, any of the Trust Estate under the judgment or decree of a court of
competent jurisdiction.

          Section 3.5 Appointment of a Receiver. If a receiver of the Trust
Estate shall be appointed in judicial proceedings, the Bank Administrative
Agent, the 1992 Indenture Trustee, the 1996 Indenture Trustee, or the Senior
Note Indenture Trustee may be appointed as such receiver. Notwithstanding the
appointment of a receiver, the Collateral Trustee shall, to the extent permitted
by law, be entitled to retain possession and control of all cash held by or
deposited with it or its agents or co-trustees pursuant to any provision of any
Shared Collateral Document.

          Section 3.6 Exercise of Powers. All of the powers, remedies and rights
of the Collateral Trustee as set forth in this Agreement may be exercised by the
Collateral Trustee in respect of any Shared Collateral Document as though set
forth at length therein and all the powers, remedies and rights of the
Collateral Trustee as set forth in any Shared Collateral Document may be
exercised from time to time as herein and therein provided and the indemnities

                                       14

<PAGE>

and protections in favor of the Collateral Trustee provided for herein shall
apply to the Collateral Trustee acting pursuant to any such Shared Collateral
Document as if set forth in full therein.

          Section 3.7 Remedies Not Exclusive.

          (a) No remedy conferred upon or reserved to the Collateral Trustee
herein or in the other Shared Collateral Documents is intended to be exclusive
of any other remedy or remedies of the Collateral Trustee, the Bank
Administrative Agent, the 1992 Indenture Trustee, the 1996 Indenture Trustee,
the Senior Note Indenture Trustee, the holders of the 1992 Notes, the holder of
the 1996 Notes, the holders of the Senior Notes, or any other Secured Party, but
every such remedy shall be cumulative and shall be in addition to every other
remedy conferred in any of the Shared Collateral Documents or now or hereafter
existing at law or in equity or by statute.

          (b) No delay or omission by the Collateral Trustee in the exercise of
any right, remedy or power accruing upon an Actionable Default shall impair any
such right, remedy or power or shall be construed to be a waiver of any
Actionable Default or an acquiescence therein; and every right, power and remedy
given by any Shared Collateral Document to the Collateral Trustee may be
exercised from time to time and as often as may be deemed expedient by the
Collateral Trustee.

          (c) In case the Collateral Trustee shall have proceeded to enforce any
right, remedy or power under any Shared Collateral Document and the proceeding
for the enforcement thereof shall have been discontinued or abandoned for any
reason or shall have been determined adversely to the Collateral Trustee, then
and in every such case the Grantors, the Collateral Trustee and the Secured
Parties shall, subject to any effect of or determination in such proceeding,
severally and respectively be restored to their former positions and rights
under the Shared Collateral Documents with respect to the Trust Estate and in
all other respects, and thereafter all rights, remedies and powers of the
Collateral Trustee shall continue as though no such proceeding had been taken.

          (d) All rights of action and rights to assert claims upon or under the
Shared Collateral Documents may be enforced by the Collateral Trustee without
the possession of any Secured Debt Instrument or the production thereof in any
trial or other proceeding relative thereto, and any such suit or proceeding
instituted by the Collateral Trustee shall be brought in its name as the
Collateral Trustee and any recovery of judgment shall be held as part of the
Trust Estate.

          Section 3.8 Limitation by Law. All the provisions of this Article III
are intended to be subject to all applicable mandatory provisions of law which
may be controlling in the premises and to be limited to the extent necessary so
that they will not render this Agreement invalid or unenforceable in whole or in
part.

          Section 3.9 Absolute Rights of Secured Parties. Notwithstanding any
other provision of any Shared Collateral Document, but subject in all cases to
the rights of the Bank Administrative Agent and the Required Holders of Secured
Debt under Section 3.1, neither (i) the right of each Secured Party, which is
absolute and unconditional, to receive payments of the Secured Debt held by such
Secured Party on or after the due date thereof as expressed in the Secured Debt
Instruments, to institute suit for the enforcement of such payment on or after
such due date, or to assert its position and views as a secured creditor in, and
to otherwise exercise any right (other than the right to enforce any Lien on the
Shared Collateral, which shall in all circumstances be exercisable only by the
Collateral Trustee) it may have in connection with, a

                                       15

<PAGE>

case under the Bankruptcy Code in which a Grantor is a debtor, nor (ii) the
obligation of each Grantor, which is also absolute and unconditional, to pay the
Secured Debt owing by such Grantor to each Secured Party at the time and place
expressed in the Secured Debt Instruments, shall be impaired or affected without
the written consent of such Secured Party.

          Section 3.10 Restatement of Rights. The provisions of this Agreement
shall continue to be effective or be reinstated, as the case may be, if at any
time any payment of Secured Debt is rescinded or must otherwise be returned by
the Collateral Trustee or any Secured Party upon the insolvency, bankruptcy or
reorganization of a Grantor or otherwise, all as though such payment had not
been made.

          ARTICLE IV. PRIORITY; COLLATERAL ACCOUNT; APPLICATION OF MONEYS

          Section 4.1 Priority of Security Interests. Notwithstanding (i) the
time, order, manner or method of creation, attachment or perfection of the
respective security interests and/or liens granted to any Secured Party in or on
any or all of the property or assets of the Grantors, (ii) the time or manner of
the filing of the financing statements reflecting such security interests, (iii)
whether any Secured Party or any bailee or agent thereof holds possession of any
or all of the property or assets of the Grantors, (iv) the dating, execution or
delivery of any agreement, document or instrument granting any Secured Party
security interests and/or liens in or on any or all of the property or assets of
the Grantors and (v) any provision of the UCC or any other applicable law to the
contrary, the Collateral Trustee on behalf of itself and on behalf of the Senior
Lenders and the Bank Administrative Agent shall have a first priority security
interest in the Senior Priority Collateral. Any and all security interests,
liens, rights and interests of the 1992 Indenture Trustee, the 1996 Indenture
Trustee, the Senior Note Indenture Trustee, the holders of the 1992 Notes, the
holders of the 1996 Notes and/or holders of the Senior Notes, whether now or
hereafter arising and howsoever existing, in or on any or all of the Shared
Collateral, shall be and hereby are subordinated to any and all security
interests, liens, rights and interests of the Senior Lenders, the Collateral
Trustee and the Bank Administrative Agent in and to the Senior Priority
Collateral. For purposes of the foregoing allocation of priorities, any claim of
a right of setoff shall be treated in all respects as a security interest and no
claimed right of setoff shall be asserted to defeat or diminish the rights or
priorities provided for herein.

          Section 4.2 The Collateral Account. There has been established by the
Collateral Trustee and, at all times hereafter until the trusts created by this
Agreement shall have terminated, there shall be maintained with the Collateral
Trustee a non-interest bearing trust account which is entitled the "FMC
Collateral Account" (herein called the "Collateral Account"). During the
continuance of an Actionable Default, all moneys received by the Collateral
Trustee with respect to all or any part of the Shared Collateral shall be
deposited in the Collateral Account and thereafter shall be held, applied and/or
disbursed by the Collateral Trustee in accordance with the terms of Section 4.5
of this Agreement.

          Section 4.3 Control of Collateral Account. All right, title and
interest in and to the Collateral Account shall vest in the Collateral Trustee,
and funds on deposit in the Collateral Account shall constitute part of the
Trust Estate. The Collateral Account shall be subject to the exclusive dominion
and control of the Collateral Trustee.

          Section 4.4 Investment of Funds Deposited in Collateral Account. The
Collateral Trustee shall invest and reinvest moneys on deposit in the Collateral
Account at any time in one or more Cash Equivalents and, so long as no
Actionable Default has occurred, as

                                       16

<PAGE>

directed in writing by FMC and, during an Actionable Default, as directed in
writing by the Bank Administrative Agent; provided, however, that in order to
provide the Secured Parties with a perfected security interest therein:

          (a) each such investment shall be evidenced, or deemed under
applicable federal regulations to be evidenced, by negotiable certificates or
instruments or nonnegotiable certificates or instruments issued in the name of
the Collateral Trustee or its nominee, which (together with any appropriate
instruments of transfer) are delivered to, and held by, the Collateral Trustee
or an agent thereof (which shall not be any Grantor or any of its affiliates);
or

          (b) each such investment shall be held in the Collateral Account or
other Securities Accounts in the name of the Collateral Trustee or its nominee,
with respect to which accounts the Collateral Trustee shall be the sole
entitlement holder and the only person authorized to give entitlement orders.

All such investments and the interest and income received thereon and therefrom
and the net proceeds realized on the sale hereof shall be held in the Collateral
Account as part of the Trust Estate. Neither the Collateral Trustee nor the Bank
Administrative Agent shall be liable for losses with respect to investments made
hereunder.

          Section 4.5 Application of Moneys.

          (a) Subject to Section 4.2, all moneys held by the Collateral Trustee
in the Collateral Account shall, to the extent available for distribution, be
distributed by the Collateral Trustee on the first and each succeeding
Distribution Date until the payment in full of the Senior Secured Obligations as
follows:

          FIRST: To the Collateral Trustee in an amount equal to the Collateral
Trustee's Fees which are unpaid as of such Distribution Date, then to any
Secured Party which has theretofore advanced or paid any such Collateral
Trustee's Fees in an amount equal to the amount thereof so advanced or paid by
such Secured Party prior to such Distribution Date; provided, however, that
nothing herein is intended to relieve any Grantor of its obligation to pay such
costs, fees, expenses and liabilities from funds outside of the Collateral
Account;

          SECOND: To the Bank Administrative Agent, for the benefit of itself
and the Senior Lenders, up to an amount equal to any outstanding Senior Secured
Obligations; provided, that such aggregate amounts distributed on a
first-priority basis pursuant to this clause to the Bank Administrative Agent
shall not exceed the amount of the Senior Priority Collateral; and

          THIRD: To the Secured Parties up to an amount equal to any
outstanding, Senior Secured Obligations, 1992 Note Obligations, 1996 Note
Obligations and Senior Note Obligations, and, if such moneys shall be
insufficient to pay such amounts, in full, then ratably to the Secured Parties
in proportion to the unpaid amounts of the Senior Secured Obligations, 1992 Note
Obligations, the 1996 Note Obligations and the Senior Note Obligations; and

          FOURTH: Any surplus then remaining shall be paid to the Grantors or
their successors or assigns, or to whomever may be lawfully entitled to receive
the same or as a court of competent jurisdiction may direct; provided, however,
that if any Secured Party with rights in the Shared Collateral shall have
notified the Collateral Trustee in writing that such Secured Party is entitled
to the benefits of an indemnification, reimbursement or similar provision under
which amounts are not yet due but with respect to which any Grantor continues to
be contingently liable,

                                       17

<PAGE>

and amounts payable by such Grantor with respect thereto are secured by the
Trust Estate, the Collateral Trustee shall continue to hold the amount specified
in such notice in the Collateral Account until such Grantor's liability with
respect thereto is discharged or released to the satisfaction of such Secured
Party.

          (b) The Secured Parties have agreed and acknowledged that the
provisions of this Section 4.5 are for their benefit and that if any Secured
Party shall receive any moneys contrary to the provisions of this Agreement,
such Secured Party shall forthwith turn such moneys over to the Collateral
Trustee to be distributed in accordance with the provisions of this Agreement.

          ARTICLE V. AGREEMENT WITH COLLATERAL TRUSTEE

          Section 5.1 Delivery of Secured Debt Instruments. On the date of this
Agreement, the Grantors shall deliver to the Collateral Trustee a true and
complete copy of the Secured Debt Instruments, an executed counterpart of any
Shared Collateral Documents and any Pledged Collateral and other Shared
Collateral to be delivered pursuant thereto, all of which shall be identified on
Schedule B hereto. Each Grantor agrees that it will deliver to the Collateral
Trustee (i) promptly upon the execution thereof, a true and complete copy of any
and all amendments, modifications or supplements to any Secured Debt Instrument
or Shared Collateral Documents entered into by such Grantor subsequent to the
date of this Agreement and (ii) when required by the Shared Collateral
Documents, any Pledged Collateral or other Shared Collateral to be delivered
pursuant thereto.

          Section 5.2 Compensation and Expenses. The Grantors jointly and
severally agree to pay to the Collateral Trustee (i) the Collateral Trustee's
Fees as compensation for the Collateral Trustee's services hereunder and under
the other Shared Collateral Documents and for accepting and administering the
Trust Estate as shall be mutually agreed by the Grantors and the Collateral
Trustee and (ii) from time to time, upon demand, all of the fees, costs and
expenses of the Collateral Trustee (including, without limitation, the
reasonable fees and disbursements of its counsel and such special counsel as the
Collateral Trustee elects to retain) (A) arising in connection with the
preparation, execution, delivery, modification, restatement, amendment or
termination of this Agreement and each other Shared Collateral Document or the
enforcement (whether in the context of a civil action, adversary proceeding,
workout or otherwise) of any of the provisions hereof or thereof, or (B)
incurred or required to be advanced in connection with the administration of the
Trust Estate, the sale or other disposition or the custody, preservation or
protection of Shared Collateral pursuant to any Shared Collateral Document
(including, without limitation, in connection with actions taken by the
Collateral Trustee pursuant to Section 3.3) and the exercise or enforcement of
the Collateral Trustee's rights under any Shared Collateral Document and in and
to the Shared Collateral and the Trust Estate. As security for such payment and
the payment of the obligations set forth in Sections 5.3 and 5.4, the Collateral
Trustee shall have a Lien prior to the Secured Debt upon all Shared Collateral
and other property and funds held or collected by the Collateral Trustee as part
of the Trust Estate. The obligations of the Grantors to pay amounts due under
this Section 5.2 shall survive the termination of this Agreement and the
resignation or removal of the Collateral Trustee.

          Section 5.3 Stamp and Other Similar Taxes. The Grantors jointly and
severally agree to upon demand indemnify and hold harmless the Collateral
Trustee and each Secured Party from, and shall reimburse the Collateral Trustee
and each Secured Party for, any present or future claim for liability for any
stamp or other similar tax and any penalties or interest with respect thereto
which may be assessed, levied or collected by any jurisdiction in connection

                                       18

<PAGE>

with any Shared Collateral Document, the Trust Estate or the attachment or
perfection of the security interest granted to the Collateral Trustee in any
Shared Collateral. The obligations of the Grantors under this Section 5.3 shall
survive the termination of the other provisions of this Agreement and the
resignation or removal of the Collateral Trustee.

          Section 5.4 Filing Fees, Excise Taxes, etc. The Grantors agree to pay
or to reimburse the Collateral Trustee and each Secured Party for any and all
amounts in respect of all search, filing, recording and registration fees,
taxes, excise taxes and other similar imposts which may be payable or determined
to be payable in respect of the execution, delivery, performance and enforcement
of each Shared Collateral Document and agree to save the Collateral Trustee and
each Secured Party harmless from and against any and all liabilities with
respect to or resulting from any delay in paying or omission to pay such taxes
and fees. The obligations of the Grantors under this Section 5.4 shall survive
the termination of the other provisions of this Agreement and the resignation or
removal of the Collateral Trustee.

          Section 5.5 Indemnification.

          (a) The Grantors jointly and severally agree to pay, and indemnify and
hold harmless the Collateral Trustee and each of its employees and agents from
and against, any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, amounts paid in settlements, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution,
delivery, enforcement, performance and administration of the Shared Collateral
Documents, the Shared Collateral and the Trust Estate, except to the extent
arising from the gross negligence, willful misconduct or willful breach of this
Agreement of such Persons as are seeking indemnification. As security for such
payment, the Collateral Trustee shall have a Lien prior to the Secured Debt upon
all Shared Collateral and other property and funds held or collected by the
Collateral Trustee as part of the Trust Estate.

          (b) In any suit, proceeding or action brought by the Collateral
Trustee under or with respect to the Shared Collateral for any sum owing
thereunder, or to enforce any provisions thereof, or of any of the Shared
Collateral Documents, the Grantors will jointly and severally save, indemnify
and keep the Collateral Trustee harmless from and against all expense, loss or
damage suffered by reason of any defense, set-off, counterclaim, recoupment or
reduction of liability whatsoever of the obligee thereunder, arising out of a
breach by any Grantor of any of its obligations thereunder or arising out of any
other agreement, indebtedness or liability at any time owing to or in favor of
such obligee or its successors from the Grantors, and all such obligations of
the Grantors shall be and remain enforceable against and only against the
Grantors and shall not be enforceable against the Collateral Trustee.

          (c) If and to the extent that the obligations of the Grantors under
this Section 5.5 are unenforceable for any reason, each Grantor hereby agrees to
make the maximum contribution to the payment and satisfaction of such
obligations which is permissible under applicable law.

          (d) The agreements in this Section 5.5 shall survive the termination
of the other provisions of this Agreement and the resignation or removal of the
Collateral Trustee.

          Section 5.6 Further Assurances. At any time and from time to time,
upon the written request of the Collateral Trustee or when necessary, and at the
expense of the Grantors, each Grantor will promptly execute and deliver any and
all such further instruments and documents and take such further action as may
be necessary or as the Collateral Trustee may

                                       19

<PAGE>

reasonably request to obtain the full benefits of the Shared Collateral
Documents and the rights and powers therein granted, including, without
limitation, the filing of any financing or continuation statements or other
instruments to perfect the Liens and security interests granted thereby. Each
Grantor shall, not later than thirty (30) days after the Collateral Trustee's
request therefor, deliver to the Collateral Trustee an opinion of counsel, which
counsel shall be reasonably satisfactory to the Bank Administrative Agent, the
1992 Indenture Trustee, the 1996 Indenture Trustee, and the Senior Note
Indenture Trustee, addressed to the Collateral Trustee for the benefit of the
Secured Parties, concerning the continued perfection of the Liens and security
interests created by the Shared Collateral Documents (excluding, however, those
Liens and security interests which, in accordance with the terms of the Shared
Collateral Documents, have been released); provided, however, that (a) the
Collateral Trustee may not request such opinion from any Grantor more than one
(1) time during any calendar year, and (b) the Collateral Trustee shall have no
obligation at any time to request such opinion from any Grantor. Each Grantor
shall, in all of its published financial statements customarily prepared with
footnotes or filed with the Securities and Exchange Commission, indicate by
footnote or otherwise that the Secured Debt is secured pursuant to the Shared
Collateral Documents.

          ARTICLE VI. COLLATERAL TRUSTEE

          Section 6.1 Appointment of Collateral Trustee and Acceptance of Trust.
Each of the Bank Administrative Agent, on behalf of the Senior Lenders, the 1992
Indenture Trustee on behalf of the holders of the 1992 Notes, the 1996 Indenture
Trustee on behalf of the 1996 Notes, and the Senior Note Indenture Trustee on
behalf of the Senior Notes, hereby appoint the Collateral Trustee under the
terms and conditions of this Agreement, and the Collateral Trustee, for itself
and its successors, hereby accepts the trusts created by this Agreement upon the
terms and conditions hereof, including those contained in this Article VI.

          Section 6.2 Exculpatory Provisions.

          (a) The Collateral Trustee shall not be responsible in any manner
whatsoever for the correctness of any recitals, statements, representations or
warranties contained in any of the Shared Collateral Documents, except for those
made by the Collateral Trustee. The Collateral Trustee makes no representations
as to the value or condition of the Trust Estate or any part thereof, or as to
the title of any of the Grantors thereto or as to the security afforded by the
Shared Collateral Documents or, except as expressly set forth in Section 2.2 of
this Agreement, as to the validity, execution, enforceability, legality,
perfection, priority or sufficiency of any Shared Collateral Document or of the
Secured Debt secured thereby, and the Collateral Trustee shall incur no
liability or responsibility in respect of any such matters. The Collateral
Trustee shall not be responsible for insuring, or monitoring or maintaining the
insurance on, the Trust Estate or for the payment of taxes, charges, assessments
or Liens upon the Trust Estate or otherwise as to the maintenance of the Trust
Estate, except that (i) in the event the Collateral Trustee enters into
possession of a part or all of the Trust Estate, the Collateral Trustee shall
preserve the part in its possession, and (ii) the Collateral Trustee will
promptly take such action as the Bank Administrative Agent shall request to
remove and discharge (by bonding or otherwise) any Lien on any part of the Trust
Estate resulting from claims against it (whether individually or as Collateral
Trustee) not related to the administration of the Trust Estate or (if so
related) resulting from gross negligence or willful misconduct on its part.
Notwithstanding anything to the contrary contained in this Agreement and in
furtherance of the immediately preceding sentence, the Collateral Trustee shall
not be responsible for the attachment, perfection, priority or enforceability of
any Lien created or purported to be created by any Shared Collateral Document,
the adequacy, sufficiency or effectiveness of any Shared Collateral Document or
the value of any

                                       20

<PAGE>

Shared Collateral granted pursuant to any Shared Collateral Document from time
to time. The Collateral Trustee shall not be responsible for the filing or
recording of any financing statement, mortgage, security agreement or any other
Shared Collateral Document in any public office or for the maintaining of any
records of any such filings or recordings, nor shall the Collateral Trustee have
any duty to file or record, or to advise the Secured Parties of the need to file
or record, any continuation statements or other public notices relating to the
perfection or continued perfection of any Shared Collateral.

          (b) The Collateral Trustee shall not be required to ascertain or
inquire as to the performance by any Grantor of any of the covenants or
agreements contained in any Shared Collateral Document or in any Secured Debt
Instrument. Without limiting the foregoing, the Collateral Trustee shall have no
duty to (i) enforce any obligations of the Grantors to deliver any agreement,
instrument, document, certificate, schedule, list, opinion of counsel or other
items required to be delivered to the Collateral Trustee hereunder, (ii) advise
any Secured Party of the failure of any Grantor to deliver the same or (iii) to
monitor compliance by the Grantors of any requirement to maintain insurance on
any of the Shared Collateral. Whenever it is necessary, or in the opinion of the
Collateral Trustee advisable, for the Collateral Trustee to ascertain the
identity of any Secured Party or the amount of Secured Debt then held by a
Secured Party, the Collateral Trustee may rely on a certificate of such Secured
Party.

          (c) Subject to the provisions of applicable law concerning the
Collateral Trustee's duty of care with respect to certificates and notes
evidencing the Pledged Collateral in the Collateral Trustee's possession, the
Collateral Trustee shall not be personally liable for any acts, omissions,
errors of judgment or mistakes of fact or law made, taken or omitted to be made
or taken by it in accordance with any Shared Collateral Document (including,
without limitation, acts, omissions, errors or mistakes with respect to the
Shared Collateral), except for those arising out of or in connection with the
Collateral Trustee's gross negligence or willful misconduct.

          Section 6.3 Delegation of Duties. The Collateral Trustee may execute
any of the trusts or powers hereof and perform any duty hereunder either
directly or by or through agents, nominees or attorneys-in-fact of its
selection, which may include employees or officers of any Grantor, provided,
that the Collateral Trustee shall obtain a written acknowledgment from such
agents, nominees or attorneys-in-fact that they shall be liable to the Secured
Parties for losses or damages incurred by any Secured Party as a result of such
agent's nominee's or attorneys-in-fact gross negligence or willful misconduct as
and to the extent the Collateral Trustee would be liable for such losses or
damages if the actions or omissions of such agents, nominees or
attorneys-in-fact constituting such gross negligence or willful misconduct had
been actions or omissions of the Collateral Trustee. The Collateral Trustee
shall be entitled to rely on advice of counsel concerning all matters pertaining
to such trusts, powers and duties. The Collateral Trustee shall not be
responsible for any negligence or misconduct of any agents, nominees or
attorneys-in-fact selected by it without gross negligence or willful misconduct.

          Section 6.4 Reliance by Collateral Trustee.

          (a) Whenever in the administration of the trusts of this Agreement the
Collateral Trustee shall deem it necessary or desirable that a matter be proved
or established with respect to any Grantor or any Person in connection with the
taking, suffering or omitting of any action hereunder by the Collateral Trustee,
such matter (unless other evidence in respect thereof is herein specifically
prescribed) may be deemed to be conclusively proved or established by a
certificate of a Responsible Officer of such Grantor or Person delivered to the
Collateral Trustee, and such certificate shall be full warranty to the
Collateral Trustee for any action taken, suffered

                                       21

<PAGE>

or omitted in reliance thereon; subject, however, to the provisions of Section
6.5(b) of this Agreement.

          (b) The Collateral Trustee may consult with its counsel, accountants
or other experts of its choice in connection with the fulfillment of its duties
hereunder, and the Collateral Trustee shall be entitled to rely on, and shall be
fully protected in acting upon, the opinion of such counsel, accountants or
other experts in connection with any action taken, omitted to be taken or
suffered by the Collateral Trustee in fulfillment of its duties hereunder. The
Collateral Trustee shall have the right at any time to seek instructions
concerning the administration of the Trust Estate from any court of competent
jurisdiction.

          (c) The Collateral Trustee may conclusively rely, and shall be fully
protected in acting, upon any resolution, statement, certificate, instrument,
opinion, report, notice, request consent, order, bond or other paper or document
which it does not in good faith believe to be other than genuine and to have
been signed or presented by the proper party or parties or, in the case of
cables, telecopies and telexes, to have been sent by the proper party or
parties. In the absence of its gross negligence or willful misconduct, the
Collateral Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon any certificates or
opinions furnished to the Collateral Trustee and conforming to the requirements
of any Shared Collateral Document.

          (d) If the Collateral Trustee has been requested or is otherwise
required hereby to take any action pursuant to this Agreement, the Collateral
Trustee shall not be under any obligation to exercise any of the rights or
powers vested in the Collateral Trustee by this Agreement or any Shared
Collateral Document or to otherwise take such action unless the Collateral
Trustee shall have been provided adequate security and indemnity satisfactory to
it against the costs, expenses and liabilities which may be incurred by it in
compliance with such request or direction or in taking such action, including
such reasonable advances as may be requested by the Collateral Trustee.

          Section 6.5 Limitations on Duties of Collateral Trustee.

          (a) No provision of this Agreement shall require the Collateral
Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise
of any of its rights or powers. The Collateral Trustee shall be obliged to
perform only such duties as are specifically set forth in this Agreement or any
Shared Collateral Document to which it is a party, and no implied covenants or
obligations shall be read into any Shared Collateral Document against the
Collateral Trustee. The Collateral Trustee shall, upon receipt of a Notice of
Actionable Default and during such time as such Notice of Actionable Default
shall not have been withdrawn in accordance with the provisions of Section
3.2(b) and unless prevented from doing so by applicable law or by order of a
court or other Governmental Authority, exercise the rights and powers vested in
it by any Shared Collateral Document, and the Collateral Trustee shall not be
liable with respect to any action taken or omitted by it in accordance with the
direction of the Bank Administrative Agent or the Required Holders of Secured
Debt pursuant to Section 3.1 of this Agreement. If at any time the Collateral
Trustee shall in accordance with the provisions hereof seek directions of the
Bank Administrative Agent or the Required Holders of Secured Debt with respect
to any such action to be taken or omitted by it under any of the Shared
Collateral Documents, the Collateral Trustee shall not be required to take or
omit such action until it shall have received such direction.

                                       22

<PAGE>

          (b) Except as herein otherwise expressly provided, including, without
limitation, upon the written direction of the Bank Administrative Agent pursuant
to Section 3.1 of this Agreement, the Collateral Trustee shall not be under any
obligation to take any action which is discretionary with the Collateral Trustee
under the provisions of any Shared Collateral Document. The Collateral Trustee
shall furnish to the Bank Administrative Agent or the Required Holders of
Secured Debt, promptly upon receipt thereof a copy of each certificate or other
paper furnished to the Collateral Trustee by any Grantor under or in respect of
any Shared Collateral Document or any of the Trust Estate, unless by the express
terms of any Shared Collateral Document a copy of the same is required to be
furnished by some other Person directly to the Bank Administrative Agent and the
Required Holders of Secured Debt, or the Collateral Trustee shall have
determined that the same has already been so furnished; provided, however, that
the Collateral Trustee shall have no liability for its inadvertent failure to
furnish any such Person with any such copies.

          Section 6.6 Moneys to be Held in Trust. All moneys received by the
Collateral Trustee under or pursuant to any provision of any Shared Collateral
Document shall be held in trust for the purposes for which they were paid or are
held.

          Section 6.7 Resignation and Removal of the Collateral Trustee.

          (a) The Collateral Trustee may at any time by giving sixty (60) days'
prior written notice to the Grantors and the Secured Parties, resign and be
discharged of the responsibilities hereby created, such resignation to become
effective upon the appointment of a successor Collateral Trustee. The Collateral
Trustee may be removed at any time and a successor Collateral Trustee appointed
by the Bank Administrative Agent or, after the Credit Agreement Termination
Date, the Requisite Obligees; provided, however, that the Collateral Trustee
shall be entitled to its fees and expenses to the date of removal; and,
provided, further, that the Collateral Trustee's rights pursuant to Section 8.5
shall survive with respect to any transaction or occurrence prior to the
effective date of such resignation or removal. If no successor Collateral
Trustee shall be appointed and approved within sixty (60) days from the date of
the giving of the aforesaid notice of resignation or within sixty (60) days from
the date of such removal, the Collateral Trustee shall, or any Secured Party
may, apply to any court of competent jurisdiction to appoint a successor
Collateral Trustee to act until such time, if any, as a successor Collateral
Trustee shall have been appointed as above provided. Any successor Collateral
Trustee so appointed by such court shall immediately and without further act be
superseded by any successor Collateral Trustee approved by the Bank
Administrative Agent, the 1992 Indenture Trustee, the 1996 Indenture Trustee and
the Senior Note Indenture Trustee as above provided.

          (b) If at any time the Collateral Trustee shall resign, be removed or
otherwise become incapable of acting, or if at any time a vacancy shall occur in
the office of the Collateral Trustee for any other cause, a successor Collateral
Trustee may be appointed by the Bank Administrative Agent or, after the Credit
Agreement Termination Date, the Requisite Obligees, and the powers, duties,
authority and title of the predecessor Collateral Trustee terminated and
canceled without procuring the resignation of such predecessor Collateral
Trustee, and without any other formality (except as may be required by
applicable law) than the appointment and designation of a successor Collateral
Trustee in writing, duly acknowledged, delivered to the predecessor Collateral
Trustee and the Grantors, and filed for record in each applicable office, if
any, in which this Agreement is required to be filed. Any successor Collateral
Trustee appointed pursuant to this Section 6.7(b) must be reasonably acceptable
to the Grantors unless at the time of such appointment an Actionable Event of
Default exists.

                                       23

<PAGE>

          (c) The appointment and designation referred to in Section 6.7(b) of
this Agreement shall, after any required filing, be full evidence of the right
and authority to make the same and all of the facts therein recited, and this
Agreement shall vest in such successor Collateral Trustee, without any further
act, deed or conveyance, all of the estate and title of its predecessors, and,
upon any required filing for record, the successor Collateral Trustee shall
become fully vested with all the estates, properties, rights, powers, trusts,
duties, authority and title of its predecessors; but any of such predecessors
shall, nevertheless, on the written request of the Bank Administrative Agent,
the 1992 Indenture Trustee, the 1996 Indenture Trustee, the Senior Note
Indenture Trustee, any Grantor or any successor Collateral Trustee, execute and
deliver an instrument transferring to such successor Collateral Trustee all the
estates, properties, rights, powers, trusts, duties, authority and title of such
predecessor hereunder and shall deliver all securities and moneys held by it to
such successor Collateral Trustee. Should any deed, conveyance or other
instrument in writing from any Grantor be required by any successor Collateral
Trustee for more fully and certainly vesting in such successor Collateral
Trustee the estates, properties, rights, powers, trusts, duties, authority and
title vested or intended to be vested in the predecessor Collateral Trustee, any
and all such deeds, conveyances and other instruments in writing shall, on
request of such successor Collateral Trustee, be so executed, acknowledged and
delivered.

          (d) Any required filing for record of the instrument appointing a
successor Collateral Trustee as hereinabove provided shall be at the expense of
the Grantors. The resignation of any Collateral Trustee and the instrument or
instruments removing any Collateral Trustee, together with all other
instruments, deeds and conveyances provided for in this Agreement shall, if
required by law, be forthwith recorded, registered and filed by and at the
expense of the Grantors, wherever this Agreement is recorded, registered and
filed.

          Section 6.8 Status of Successors to the Collateral Trustee. Every
successor to the Collateral Trustee appointed pursuant to Section 6.7 of this
Agreement and every corporation resulting from a merger or consolidation
referred to in Section 6.9 of this Agreement shall be a bank or trust company in
good standing and having power so to act, incorporated under the laws of the
United States or any state thereof or the District of Columbia, and having its
principal corporate trust office within the forty-eight (48) contiguous States,
and shall also have capital, surplus and undivided profits of not less than
$100,000,000.

          Section 6.9 Merger of the Collateral Trustee. Any corporation into
which the Collateral Trustee shall be merged, or with which it shall be
consolidated, or any corporation resulting from any merger or consolidation to
which the Collateral Trustee shall be a party, shall be the Collateral Trustee
under this Agreement without the execution or filing of any paper or any further
act on the part of the parties hereto.

          Section 6.10 Additional Co-Trustees; Separate Trustees.

          (a) If at any time or times it shall be necessary or prudent in order
to conform to any law of any jurisdiction in which any of the Shared Collateral
shall be located, or the Collateral Trustee shall be advised by counsel
satisfactory to it that it is so necessary or prudent in the interest of the
Secured Parties, or the Bank Administrative Agent shall in writing so request,
or the Collateral Trustee shall deem it desirable for its own protection in the
performance of its duties hereunder, then the Collateral Trustee and the
Grantors shall execute and deliver all instruments and agreements necessary or
proper to constitute another bank or trust company, or one or more Persons
approved by the Collateral Trustee and the Grantors either to act as co-trustee
or co-trustees of all or any of the Shared Collateral, jointly with the
Collateral

                                       24

<PAGE>

Trustee originally named herein or any successor or successors, or to
act as separate trustee or trustees of any such property. Notwithstanding the
foregoing sentence, the Collateral Trustee shall not be responsible for
ascertaining whether or not it is at any time necessary or prudent to constitute
another bank or trust company or any other Person(s) to act as co-trustee or a
separate trustee. In the event the Grantors shall not have joined in the
execution of such instruments and agreements within ten (10) days after the
receipt of a written request from the Collateral Trustee so to do, or in case a
Notice of Actionable Default shall have been given and not withdrawn, the
Collateral Trustee may act under the foregoing provisions of this Section 6.10
without the concurrence of the Grantors and each Grantor hereby irrevocably
appoints the Collateral Trustee as its agent and attorney to act for it under
the foregoing provisions of this Section 6.10 in either of such contingencies.

          (b) Every separate trustee and every co-trustee, other than any
trustee which may be appointed as successor to Citibank, N.A., as Collateral
Trustee, shall, to the extent permitted by law, be appointed and act and be
such, subject to the following provisions and conditions, namely:

          (i) all rights, powers, duties and obligations conferred upon the
     Collateral Trustee in respect of the custody, control and management of
     moneys, papers or securities shall be exercised solely by Citibank, N.A, as
     Collateral Trustee, or its successors as the Collateral Trustee hereunder,

          (ii) all rights, powers, duties and obligations conferred or imposed
     upon the Collateral Trustee hereunder shall be conferred or imposed and
     exercised or performed by the Collateral Trustee and such separate trustee
     or separate trustees or co-trustee or co-trustees, except to the extent
     that under any law of any jurisdiction in which any particular act or acts
     are to be performed the Collateral Trustee shall be incompetent or
     unqualified to perform such act or acts, in which event such rights,
     powers, duties and obligations shall be exercised and performed by such
     separate trustee or separate trustees or co-trustee or co-trustees;

          (iii) no power (i) given hereby to any co-trustee, co-trustees or
     separate trustees, or (ii) which is provided hereby to any co-trustee,
     co-trustees or separate trustees, may be exercised by any such co-trustee
     or co-trustees or separate trustees, except jointly with, or with the
     consent in writing of, the Collateral Trustee, anything herein contained in
     the contrary notwithstanding;

          (iv) no trustee or co-trustee hereunder shall be personally liable by
     reason of any act or omission of any other trustee or co-trustee hereunder;
     and

          (v) the Grantors and the Collateral Trustee, at any time by an
     instrument in writing, executed by them jointly, may accept the resignation
     of or remove any such separate trustee or co-trustee, and in that case, by
     an instrument in writing executed by the Grantors and the Collateral
     Trustee jointly, may appoint a successor to such separate trustee or
     co-trustee, as the case may be, anything herein contained to the contrary
     notwithstanding. In the event that the Grantors shall not have joined in
     the execution of any such instrument within ten (10) days after the receipt
     of a written request from the Collateral Trustee so to do, or in case a
     Notice of Actionable Default shall have been given and not withdrawn, the
     Collateral Trustee shall have the power to accept the resignation of or
     remove any such separate trustee or co-trustee and to appoint a successor
     without the concurrence of the Grantors, each of the Grantors hereby

                                       25

<PAGE>

     irrevocably appointing the Collateral Trustee, its agent and attorney to
     act for it in such connection in either of such contingencies. In the event
     that the Collateral Trustee shall have appointed a separate trustee or
     separate trustees or co-trustee or co-trustees as above provided, it may at
     any time, by an instrument in writing, accept the resignation of or remove
     any such separate trustee or co-trustee, the successor to any such separate
     trustee or co-trustee to be appointed by the Grantors and the Collateral
     Trustee, or by the Collateral Trustee alone, as hereinabove provided in
     this Section 6.10.

          Section 6.11 Assignment of Rights, Not Assumption of Duties.

          Anything herein contained to the contrary notwithstanding, (a) the
Grantors shall remain liable under each of the other Shared Collateral Documents
to which they are a party to the extent set forth therein to perform all of
their duties and obligations thereunder to the same extent as if this Agreement
had not been executed, (b) the exercise by the Collateral Trustee of any of its
rights, remedies or powers hereunder shall not release the Grantors from any of
their duties or obligations under each of the other Shared Collateral Documents
to which they are a party and (c) the Collateral Trustee shall not have any
obligation or liability under any of the other Shared Collateral Documents to
which the Grantors are a party by reason of or arising out of this Agreement.

          Section 6.12 No Liability.

          Anything in this Agreement to the contrary notwithstanding, in no
event shall the Collateral Trustee be liable under or in connection with this
Agreement for indirect, special, incidental, punitive or consequential losses or
damages of any kind whatsoever, including but not limited to lost profits,
whether or not foreseeable, even if the Collateral Trustee has been advised of
the possibility thereof and regardless of the form of action in which such
damages are sought.

          ARTICLE VII. RELEASE OF COLLATERAL

          Section 7.1 Conditions to Release

          (a) So long as no Actionable Default has occurred and is continuing,
all of the Shared Collateral shall be released upon the receipt by the
Collateral Trustee from the Bank Administrative Agent of (A) a written direction
to cause the liens on the Shared Collateral to be released and discharged, or
(B) written notice stating that the Credit Agreement and the L/C Agreement have
terminated in accordance with the terms thereof, and there has been payment in
full of all Senior Secured Obligations thereunder and all accrued and unpaid
Collateral Trustee Fees; provided, that if any amounts are then due and payable
under the Astaris Agreement as communicated to the Collateral Trustee by the
Bank Administrative Agent, the written consent of the majority in interest of
the Astaris Lenders shall also be required to release all or substantially all
of the Shared Collateral. Upon release of the Shared Collateral in accordance
with this Section 7.1(a), the security interests created by the Shared
Collateral Documents shall terminate forthwith and all right, title and interest
of the Collateral Trustee in and to the Shared Collateral shall revert to the
Grantors and their successors and assigns; provided, however, that if (but only
if) an Actionable Default based on an Indenture Event of Default exists on the
date of such release and such date is also the Credit Agreement Termination
Date, any proceeds of any Shared Collateral sold or otherwise disposed of on
such date and not used to repay in full the Senior Secured Obligations shall
remain subject to the pledge hereunder (and continue to constitute Shared
Collateral) until such Actionable Default shall have been cured or otherwise
waived by the

                                       26

<PAGE>

Requisite Obligees (determined after giving effect to the Credit Agreement
Termination Date), at which time any continuing right or interest in such Shared
Collateral shall terminate.

          (b) So long as no Actionable Default has occurred and is continuing,
any portion of the Shared Collateral shall be released upon the receipt by the
Collateral Trustee from the Bank Administrative Agent of written directions
instructing the Collateral Trustee to release any portion of the Shared
Collateral (the "Released Collateral"); provided, that if any amounts are then
due and payable under the Astaris Agreement as communicated to the Collateral
Trustee by the Bank Administrative Agent, the written consent of the majority in
interest of the Astaris Lenders shall also be required to release any part of
the Shared Collateral. Upon the partial release of the Shared Collateral in
accordance with this Section 7.1(b), the security interests created by the
Shared Collateral Documents in the Released Collateral shall terminate forthwith
and all right, title and interest of the Collateral Trustee in and to the
Released Collateral shall revert to the Grantors and their successors and
assigns.

          (c) Upon the termination of the Collateral Trustee's security interest
and the release of the Shared Collateral in accordance with Section 7.1(a) or
the Released Collateral in accordance with Section 7.1(b), the Collateral
Trustee will promptly, at FMC's written request and expense, (i) execute and
deliver to FMC such documents as FMC shall reasonably request to evidence the
termination of such security interest or the release of the Shared Collateral or
the Released Collateral, as the case may be and (ii) deliver or cause to be
delivered to the Grantors all property of the Grantors or the Released
Collateral, as the case may be, then held by the Collateral Trustee or any agent
thereof.

          (d) Notwithstanding anything to the contrary contained herein, the
Collateral Trustee shall take any action, including the release of all or any
portion of the Shared Collateral, required pursuant to Section 2.3.

          Section 7.2 Effective Time of Release.

          (a) The release of Shared Collateral shall be effective upon the
receipt by the Collateral Trustee of written confirmation from the Bank
Administrative Agent. The Collateral Trustee shall promptly notify the Grantors
and the Secured Parties, in the manner specified in Section 8.2 of this
Agreement, when the release of the Shared Collateral is effective.

          (b) When the release of all of the Shared Collateral is effective, all
right, title and interest of the Collateral Trustee in, to and under the Trust
Estate shall terminate and shall revert to the Grantors or their respective
successors and assigns, and the estate, right, title and interest of the
Collateral Trustee therein shall thereupon cease, terminate and become void
except with respect to those provisions of this Agreement that expressly
survive. In such case, each Grantor at its sole cost and expense shall deliver
to the Collateral Trustee one or more instruments of discharge, satisfaction and
release in form reasonably satisfactory to the Collateral Trustee, and, upon the
written request of a Grantor or its successors or assigns, and at the cost and
expense of such Grantor or its successors or assigns, the Collateral Trustee
shall execute a satisfaction of the Shared Collateral Documents and such
instruments as the Grantors may request to terminate and remove of record any
documents constituting public notice of the Shared Collateral Documents and the
Liens and assignments granted thereunder and shall assign and transfer, or cause
to be assigned and transferred, and shall deliver or cause to be delivered to
the Grantors, all property, including all moneys, instruments and securities of
the Grantors, then held by the Collateral Trustee. The cancellation and
satisfaction of the Shared Collateral Documents shall be without prejudice to
the rights of the Collateral Trustee or any successor Collateral Trustee to

                                       27

<PAGE>

charge and be reimbursed for any expenditures which it may thereafter incur in
connection therewith.

          ARTICLE VIII. MISCELLANEOUS

          Section 8.1 Amendments, Supplements and Waivers.

          (a) Subject to Sections 8.1(b) and 8.1(c), with the prior written
consent of the Bank Administrative Agent, the Collateral Trustee and the
Grantors may, from time to time, enter into written agreements supplemental
hereto for the purpose of adding to or modifying or waiving any provisions of
any of the Shared Collateral Documents or amending the definition of any
capitalized term used herein or therein, as such capitalized term is used herein
or therein, or changing in any manner the rights of the Collateral Trustee, the
Secured Parties or the Grantor hereunder or thereunder; provided, however, that
no such supplemental agreement shall:

          (i) amend, modify or waive any provision of this Section 8.1 without
     the prior written consent of the Bank Administrative Agent, the 1992
     Indenture Trustee, the 1996 Indenture Trustee, and the Senior Note
     Indenture Trustee;

          (ii) amend, modify or waive any provision of Section 2.3, Article III,
     Article IV, Article VII or the definition of the terms "Actionable
     Default," "Principal Property," "Principal Property Mortgages," "Secured
     Debt," "Secured Debt Instruments," "Secured Obligations," "Secured Party,"
     "Senior Notes," "Shared Collateral," "Shared Collateral Documents," or
     "Senior Priority Collateral," and any component definition of the
     foregoing, without the prior written consent of any Secured Party whose
     rights would be adversely affected thereby;

          (iii) amend, modify or waive any provision of any Shared Collateral
     Document so as to adversely affect any of the Collateral Trustee's rights,
     immunities or indemnities hereunder or thereunder or enlarge its duties
     hereunder or thereunder, without the prior written consent of the
     Collateral Trustee; or

          (iv) amend, modify or waive any provision of any Shared Collateral
     Document so as to adversely affect the relative rights of any Secured Party
     as against any other Secured Party without the prior written consent of
     such adversely affected Secured Party.

          Any such supplemental agreement shall be binding upon the Grantors,
the Secured Parties and the Collateral Trustee and their respective successors
and assigns. The Collateral Trustee shall not enter into any such supplemental
agreement unless it shall have received a certificate signed by a Responsible
Officer of the Grantors to the effect that such supplemental agreement will not
result in a breach of any provision or covenant contained in the Credit
Agreement, the L/C Agreement, the Senior Note Indenture, the 1992 Indenture, or
the 1996 Indenture. Prior to executing any amendment or waiver pursuant to the
terms of this Section 8.1(a), the Collateral Trustee shall be entitled to
receive an opinion of counsel to the effect that the execution of such document
is authorized hereunder.

          (b) Without the consent of the Bank Administrative Agent, the 1992
Indenture Trustee, the 1996 Indenture Trustee, the Senior Note Indenture
Trustee, or any Secured Party, the Grantors and the Collateral Trustee, at any
time and from time to time, may enter into

                                       28

<PAGE>

additional Shared Collateral Documents or one or more agreements supplemental
hereto or to any other Shared Collateral Document, in form satisfactory to the
Collateral Trustee:

          (i) to add to the covenants of the Grantors for the benefit of the
     Secured Parties;

          (ii) to mortgage, pledge or grant a security interest in favor of the
     Collateral Trustee, for itself hereunder and for the ratable benefit of the
     Secured Parties, as additional security for the Secured Debt pursuant to
     any Shared Collateral Document; or

          (iii) to cure any ambiguity, or to correct or supplement any provision
     herein or in any other Shared Collateral Document which may be defective or
     inconsistent with any other provision herein or therein; provided, however,
     that any such action contemplated in this clause (iii) shall not adversely
     affect the interests of the Secured Parties in any manner whatsoever.

          (c) Without the consent of the Bank Administrative Agent, the 1992
Indenture Trustee, the 1996 Indenture Trustee, the Senior Note Indenture
Trustee, or any Secured Party, the Grantors and the Collateral Trustee may, at
any time and from time to time add Additional Grantors or other Persons as
Grantors to this Agreement or any of the other Shared Collateral Documents, and
such additional provisions hereto and thereto as may be necessary or appropriate
to effect the grant by such Additional Grantors and Persons of Liens on any
assets of such Additional Grantors or Persons as additional security for the
Secured Debt.

          (d) All such amendments, supplemental agreements, modifications and
waivers shall be in writing and executed by the parties required to consent
thereto. Any such amendment, supplemental agreement, modification or waiver
shall be effective only in the specific instance and for the specific purpose
for which made or given.

          (e) Notwithstanding anything in this Agreement to the contrary, no
provisions of this Agreement and no other Shared Collateral Documents may be
modified, amended, supplemented or waived if such modification, amendment
supplement or waiver shall result in the release of any Shared Collateral,
except in accordance with Section 2.3 and Article VII of this Agreement.

          Section 8.2 Notices.

          (a) All notices, requests, demands and other communications provided
for or permitted hereunder shall be in English and in writing (including
telecopy communication), shall be sent by first class mail, telecopier or hand
delivery and, except as otherwise provided in this Agreement the cost thereof
shall be for the sole account of the Grantors and shall be added to the Secured
Debt:

          (i)  if to the Grantors, at:

               FMC Corporation
               1735 Market Street
               Philadelphia, Pennsylvania 19103
               Attention: Thomas C. Deas, Jr.
               Telecopy:  (215) 299-6557

                                       29

<PAGE>

          (ii) if to the Collateral Trustee, at:

               Citibank, N.A.
               111 Wall Street- 14th Floor
               New York, New York 10005
               Attention: Jenny Chang
               Telecopy:  (212) 657-3862

          (iii) if to the Bank Administrative Agent, at:

               Citicorp USA, Inc.
               Two Penns Way
               New Castle, Delaware 19720
               Attention: Bank Loan Syndications Dept.
               Telecopy:  (302) 894-6102

          (iv) if to the 1992 Indenture Trustee, at:

               First Union National Bank/Wachovia Bank, National Association
               Corporate Trust Administration
               123 South Broad Street., PA 1249
               Philadelphia, PA 19109
               Attention: Alan Finn, RM
               Telecopy:  (215) 670-6340

          (v)  if to the 1996 Indenture Trustee, at:

               First Union National Bank/Wachovia Bank, National Association
               Corporate Trust Administration
               123 South Broad Street., PA 1249
               Philadelphia, PA 19109
               Attention: Alan Finn, RM
               Telecopy:  (215) 670-6340

          (vi) if to the Senior Note Indenture Trustee, at:

               First Union National Bank/Wachovia Bank, National Association
               Corporate Trust Administration
               123 South Broad Street., PA 1249
               Philadelphia, PA 19109
               Attention: Alan Finn, RM
               Telecopy:  (215) 670-6340

          (b) All such notices, requests, demands and communications, shall, to
be effective hereunder, be in writing or by a telecommunications device capable
of creating a written record and shall be deemed to have been given or made when
delivered by hand or five (5) days after its deposit in the mail, first class or
air postage prepaid (except that any notice to the Grantors by mail that an
Actionable Default has occurred or given by the Grantors pursuant to Article III
shall be sent by registered or certified mail) or in the case of notice by such
a telecommunications device, when properly transmitted; provided, however, that
any notice,

                                       30

<PAGE>

request, demand or other communication to the Collateral Trustee shall not be
effective until received.

          Section 8.3 Dealings with Grantors.

          (a) Upon any application or demand by any Grantor to the Collateral
Trustee to take or permit any action under any of the provisions of any Shared
Collateral Document, such Grantor shall furnish to the Collateral Trustee a
certificate signed by a Responsible Officer of such Grantor and, if requested by
the Collateral Trustee, an opinion of counsel to the Grantor stating that all
conditions precedent, if any, provided for in any Shared Collateral Document and
each Secured Debt Instrument relating to the proposed action have been complied
with, except that in the case of any such application or demand as to which the
furnishing of such documents is specifically required by any provision of any
Shared Collateral Document, relating to such particular application or demand no
additional certificate or opinion need be furnished.

          (b) Any opinion of counsel may be based, insofar as it relates to
factual matters, upon a certificate of Responsible Officers of any Grantor
delivered to the Collateral Trustee.

          Section 8.4 Claims  Against  the  Collateral  Trustee.  Subject to any
applicable  statute of limitations  period, any claims or causes of action which
the Secured  Parties or the Grantors shall have against the  Collateral  Trustee
relating  solely  to  this  Agreement  shall  survive  the  termination  of this
Agreement and the release of the Shared Collateral hereunder.

          Section 8.5 Successors and Assigns. This Agreement shall be binding
upon the successors and assigns of each Grantor and shall inure to the benefit
of the Collateral Trustee and each Secured Party and their successors and
assigns, and nothing herein or in any other Shared Collateral Document is
intended or shall be construed to give any other Person any right, remedy or
claim under, to or in respect of any Shared Collateral Documents, the Shared
Collateral or the Trust Estate; provided, however, that no Grantor may assign,
transfer or delegate any of its rights or obligations under this Agreement
without the prior written consent of the Collateral Trustee.

          Section 8.6 Counterparts. This Agreement may be executed by one or
more of the parties to this Agreement on any number of separate counterparts
(including by telecopy), and all of said counterparts taken together shall be
deemed to constitute one and the same agreement.

          Section 8.7 Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

          Section 8.8 Section Headings. The Article and Section titles contained
in this Agreement are and shall be without substantive meaning or content of any
kind whatsoever and are not part of the agreement of the parties hereto.

          Section 8.9 Conflict with other Agreements. The parties agree that in
the event of any conflict between the provisions of this Agreement and the
provisions of any of the other Shared Collateral Documents the provisions of
this Agreement shall control.

                                       31

<PAGE>

          Section 8.10 Governing Law. THE PROVISIONS OF THIS AGREEMENT CREATING
A TRUST FOR THE BENEFIT OF THE SECURED PARTIES AND SETTING FORTH THE RIGHTS,
DUTIES, OBLIGATIONS AND RESPONSIBILITIES OF THE COLLATERAL TRUSTEE HEREUNDER AND
ALL OTHER PROVISIONS HEREOF SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAW OF THE STATE OF NEW YORK, EXCEPT WITH RESPECT TO THE PERFECTION AND
ENFORCEMENT OF SECURITY INTERESTS AND LIENS IN OTHER JURISDICTIONS, WHICH SHALL
BE GOVERNED BY THE LAWS OF THOSE JURISDICTIONS.

          Section 8.11 Consent to Jurisdiction; Waiver of Jury Trial. Each
Grantor hereby irrevocably submits to the nonexclusive jurisdiction of any
United States Federal or New York State court sitting in New York City in any
action or proceeding arising out of or relating to this Agreement or any other
Shared Collateral Document, and each Grantor hereby irrevocably agrees that all
claims in respect of such action or proceeding may be heard and determined in
any such United States Federal or New York State court and each Grantor
irrevocably waives any objection, including, without limitation, any objection
to the laying of venue or based on the grounds of forum non conveniens which it
may now or hereafter have to the bringing of any such action or proceeding in
such respective jurisdictions. As a method of service, each Grantor also
irrevocably consents to the service of any and all process in any such actions
or proceeding brought in any court in or of the State of New York by the
delivery of copies of such process to such Grantor, at its address specified in
Section 8.2 or by certified mail direct to such address, such service to be
effective upon such delivery or 5 days after such mailing. EACH GRANTOR AND THE
COLLATERAL TRUSTEE HEREBY WAIVES ALL RIGHT TO A JURY TRIAL IN ANY PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER SHARED COLLATERAL
DOCUMENT OR ANY MATTER ARISING HEREUNDER OR THEREUNDER.

                                       32

<PAGE>

IN WITNESS WHEREOF, each of the undersigned has caused this Collateral Trust
Agreement to be duly executed and delivered as of the date first above written.

                                       FMC Corporation

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

                                       Citicorp USA, Inc., as the Bank
                                       Administrative Agent

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

                                       Wachovia Bank, National Association,
                                       as the 1992 Indenture Trustee

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

                                       Wachovia Bank, National Association,
                                       as the 1996 Indenture Trustee

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

                                       Wachovia Bank, National Association,
                                       as the Senior Note Indenture Trustee

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

<PAGE>

                                       Citibank N.A., as the Collateral Trustee

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title<PAGE>

                                                                    Exhibit 10.8

                                 FMC CORPORATION

                $355,000,000 10.25% Senior Secured Notes due 2009

                               PURCHASE AGREEMENT

                                                              New York, New York
                                                                 October 9, 2002

Salomon Smith Barney Inc.
Banc of America Securities LLC
Wachovia Securities, Inc.
ABN AMRO Incorporated
NatCity Investments, Inc.
   As Representatives of the several Initial
   Purchasers named in Schedule I hereto
c/o Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York  10013

Ladies and Gentlemen:

          FMC Corporation (the "Company"), a Delaware corporation, proposes to
issue and sell to the several purchasers named in Schedule I hereto (the
"Initial Purchasers"), for whom you (the "Representatives") are acting as
representatives, $355,000,000 aggregate principal amount of its 10.25% Senior
Secured Notes due 2009 (the "Notes"). The Notes will be issued pursuant to an
indenture to be dated as of October 21, 2002 (the "Indenture"), between the
Company, the Guarantors (as defined herein) and Wachovia Bank, National
Association, as trustee (the "Trustee"). To the extent there are no additional
purchasers named in Schedule I hereto other than you, the term Representatives
as used herein shall mean you as the Initial Purchasers, and the terms
Representatives and Initial Purchasers shall mean either the singular or plural
as the context requires. The use of the neuter in this Agreement shall include
the feminine and masculine wherever appropriate. Certain terms used herein are
defined in Section 18 hereof.

          All of our domestic subsidiaries that guarantee our obligations under
our credit facility (the "Guarantors", and collectively with the Company, the
"Issuers") will guarantee the notes on a senior basis (the "Guarantees"). The
Securities will have the benefit of the Security Documents (as defined in the
Indenture), pursuant to which the Issuers will, among other things, grant
second-priority liens on certain property as set forth in the Security
Documents. References herein to the "Securities" refer to the Notes and the
Guarantees.

          The sale of the Securities to the Initial Purchasers will be made
without registration of the Securities under the Act in reliance upon exemptions
from the registration requirements of the Act. The net proceeds from the sale of
the Securities will be used as outlined in the section of the Final Memorandum
entitled "Use of Proceeds" and in connection with such outlined uses the Company
will enter into a debt reserve account control agreement and a restricted cash
account control agreement to be dated as of the Closing Date (together, the
"Control Agreements").

          In connection with the sale of the Securities, the Issuers have
prepared a preliminary offering memorandum, dated September 25, 2002 (as amended
or supplemented at the Execution Time, including any and all exhibits thereto
and any information incorporated by reference therein, the "Preliminary
Memorandum"), and a final offering memorandum, dated October 9, 2002 (as amended
or supplemented at the Execution Time, in

                                                                               1

<PAGE>

cluding any and all exhibits thereto and any information incorporated by
reference therein, the "Final Memorandum"). Each of the Preliminary Memorandum
and the Final Memorandum sets forth certain information concerning the Issuers
and the Securities. The Issuers hereby confirm that they have authorized the use
of the Preliminary Memorandum and the Final Memorandum, and any amendment or
supplement thereto, in connection with the offer and sale of the Securities by
the Initial Purchasers. Unless stated to the contrary, any references herein to
the terms "amend", "amendment" or "supplement" with respect to the Final
Memorandum shall be deemed to refer to and include any information filed under
the Exchange Act subsequent to the Execution Time which is incorporated by
reference therein.

          Holders of the Securities (including the Initial Purchasers and their
direct and indirect transferees) will be entitled to the benefits of a
Registration Rights Agreement to be dated as of the Closing Date (the
"Registration Rights Agreement"), pursuant to which the Issuers will agree to
file one or more registration statements with the Securities and Exchange
Commission (the "Commission") providing for the registration under the Act of
the Securities or the Exchange Securities referred to (and as defined) in the
Registration Rights Agreement.

          1. Representations and Warranties. The Issuers, jointly and severally,
represent and warrant to each Initial Purchaser as set forth below in this
Section 1.

          (a) The Preliminary Memorandum, at the date thereof, did not contain
     any untrue statement of a material fact or omit to state any material fact
     necessary to make the statements therein, in the light of the circumstances
     under which they were made, not misleading. At the Execution Time and on
     the Closing Date, the Final Memorandum did not, and will not (and any
     amendment or supplement thereto, at the date thereof and at the Closing
     Date, will not), contain any untrue statement of a material fact or omit to
     state any material fact necessary to make the statements therein, in the
     light of the circumstances under which they were made, not misleading;
     provided, however, that the Issuers make no representation or warranty as
     to the information contained in or omitted from the Preliminary Memorandum
     or the Final Memorandum, or any amendment or supplement thereto, in
     reliance upon and in conformity with information furnished in writing to
     the Company by or on behalf of the Initial Purchasers through the
     Representatives specifically for inclusion therein.

          (b) None of the Issuers or any of their respective Affiliates, or any
     person acting on behalf of the Issuers or any of their respective
     Affiliates, has, directly or indirectly, made offers or sales of any
     security, or solicited offers to buy any security, under circumstances that
     would require the registration of the Securities under the Act (it being
     understood that no representation or warranty is made as to any actions of
     the Initial Purchasers).

          (c) None of the Issuers or any of their respective Affiliates, or any
     person acting on behalf of the Issuers or any of their respective
     Affiliates, has, directly or indirectly, engaged in any form of general
     solicitation or general advertising (within the meaning of Regulation D) in
     connection with any offer or sale of the Securities in the United States
     (it being understood that no representation or warranty is made as to any
     actions of the Initial Purchasers).

          (d) The Securities satisfy the eligibility requirements of Rule
     144A(d)(3) under the Act.

          (e) None of the Issuers or any of their respective Affiliates, or any
     person acting on behalf of the Issuers or any of their respective
     Affiliates, has, directly or indirectly, engaged in any directed selling
     efforts with respect to the Securities, and each of the Issuers and their
     respective Affiliates has

                                        2

<PAGE>

     complied with the offering restrictions requirement of Regulation S (it
     being understood that no representation or warranty is made as to any
     actions of the Initial Purchasers). Terms used in this paragraph have the
     meanings given to them by Regulation S.

          (f) The Company has been advised by the NASD's Portal Market that the
     Securities have been designated Portal-eligible securities in accordance
     with the rules and regulations of the NASD.

          (g) None of the Issuers is, and after giving effect to the offering
     and sale of the Securities and the application of the proceeds thereof as
     described in the Final Memorandum will be, an "investment company" within
     the meaning of the Investment Company Act, without taking account of any
     exemption arising out of the number of holders of the Company's securities.

          (h) The Company is subject to and in compliance with, in all material
     respects, the reporting requirements of Section 13 or Section 15(d) of the
     Exchange Act.

          (i) None of the Issuers has paid or agreed to pay to any person any
     compensation for soliciting another to purchase any debt securities of the
     Issuers (except as contemplated by this Agreement).

          (j) None of the Issuers has taken, directly or indirectly, any action
     designed to cause or which has constituted or which might reasonably be
     expected to cause or result, under the Exchange Act or otherwise, in the
     stabilization or manipulation of the price of any security of any of the
     Issuers to facilitate the sale or resale of the Securities.

          (k) The information to be provided by the Company pursuant to Section
     5(h) hereof will not, at the date thereof, contain any untrue statement of
     a material fact or omit to state any material fact necessary to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading.

          (l) Each of the Company and its subsidiaries has been duly formed and
     is validly existing in good standing under the laws of the jurisdiction in
     which it is organized with full power and authority to own or lease, as the
     case may be, and to operate its properties and conduct its business as
     described in the Final Memorandum, and is duly qualified to do business as
     a foreign entity and is in good standing under the laws of each
     jurisdiction which requires such qualification, except where the failure to
     satisfy any of the foregoing representations and warranties in this clause
     (l), individually or in the aggregate, would not reasonably be expected to
     have a material adverse effect on the condition (financial or otherwise),
     prospects, earnings, business or properties of the Company and its
     subsidiaries taken as a whole (a "Material Adverse Effect").

          (m) All the outstanding shares of capital stock or membership
     interests of each subsidiary, as the case may be, have been duly and
     validly authorized and issued and are fully paid and nonassessable, and,
     except as otherwise set forth in the Final Memorandum, all outstanding
     shares of capital stock or membership interests of the subsidiaries are
     owned by the Company either directly or through wholly owned subsidiaries
     free and clear of any perfected security interest or any other security
     interests, claims, liens or encumbrances, except where the failure to have
     such ownership would not reasonably be expected to have a Material Adverse
     Effect.

                                        3

<PAGE>

          (n) The Company's authorized equity capitalization is as set forth in
     the Final Memorandum, and the capital stock of the Company conforms in all
     material respects to the description thereof contained in the Final
     Memorandum.

          (o) The statements set forth or referenced under the headings
     "Management's Discussion and Analysis of Financial Condition and Results of
     Operations", "Business--Environmental Laws and Regulations",
     "Business--Legal Proceedings", "Certain Relationships and Related
     Transactions," "Description of Other Indebtedness", "Description of the
     Notes" and "Exchange Offer; Registration Rights" in the Final Memorandum
     fairly summarize the matters therein described.

          (p) This Agreement has been duly authorized, executed and delivered by
     each Issuer and, assuming due authorization, execution and delivery thereof
     by the Representatives, will constitute the legal, valid and binding
     obligation of each Issuer, enforceable against each Issuer in accordance
     with its terms (except that (i) the enforcement thereof may be subject to
     applicable bankruptcy, reorganization, insolvency, moratorium or other laws
     affecting creditors' rights generally from time to time in effect and to
     general principles of equity and (ii) any rights to indemnity or
     contribution may be limited by applicable federal and state securities laws
     and by public policy considerations).

          (q) The Indenture has been duly authorized by each Issuer and,
     assuming due authorization, execution and delivery thereof by the Trustee,
     when executed and delivered by each Issuer, will constitute the legal,
     valid and binding obligation of each Issuer, enforceable against each
     Issuer in accordance with its terms (except that the enforcement thereof
     may be subject to applicable bankruptcy, reorganization, insolvency,
     moratorium or other laws affecting creditors' rights generally from time to
     time in effect and to general principles of equity). The Notes have been
     duly authorized by the Company, and, when executed and authenticated in
     accordance with the provisions of the Indenture and delivered to and paid
     for by the Initial Purchasers, will have been duly executed and delivered
     by the Company and will constitute the legal, valid and binding obligations
     of the Company, entitled to the benefits of the Indenture and enforceable
     against the Company in accordance with their terms (except that (i) the
     enforcement thereof may be subject to applicable bankruptcy,
     reorganization, insolvency, moratorium or other laws affecting creditors'
     rights generally from time to time in effect and to general principles of
     equity and (ii) the enforcement of provisions imposing liquidated damages,
     penalties or an increase in interest rate upon the occurrence of certain
     events may be limited in certain circumstances).

          (r) Each Security Document has been duly authorized by each Issuer
     party thereto and, assuming due authorization, execution and delivery
     thereof by the other parties thereto, when executed and delivered by each
     Issuer party thereto, will constitute the legal, valid and binding
     obligation of each such Issuer, enforceable against each such Issuer in
     accordance with its terms (except that the enforcement thereof may be
     subject to applicable bankruptcy, reorganization, insolvency, moratorium or
     other laws affecting creditors' rights generally from time to time in
     effect and to general principles of equity).

          (s) Each of the Control Agreements has been duly authorized by the
     Company and, assuming due authorization, execution and delivery thereof by
     the other parties thereto, when executed and delivered by the Company, will
     constitute the legal, valid and binding obligation of the Company,
     enforceable against the Company in accordance with its terms (except that
     the enforcement thereof may be subject to applicable bankruptcy,
     reorganization, insolvency, moratorium or other laws affecting creditors'
     rights generally from time to time in effect and to general principles of
     equity).

          (t) Each of the Guarantees has been duly authorized by the applicable
     Guarantor and when duly executed and delivered to the Trustee by such
     Guarantor on the Closing Date will constitute

                                        4

<PAGE>

     the legal, valid and binding obligation of the applicable Guarantor
     enforceable against such Guarantor in accordance with its terms (except
     that the enforcement thereof may be subject to applicable bankruptcy,
     reorganization, insolvency, moratorium or other laws affecting creditors'
     rights generally from time to time in effect and to general principles of
     equity).

          (u) The Registration Rights Agreement has been duly authorized by each
     Issuer and, when executed and delivered by each Issuer, will constitute the
     legal, valid and binding obligation of each Issuer, enforceable against
     each Issuer in accordance with its terms (except that (i) the enforcement
     thereof may be subject to applicable bankruptcy, reorganization,
     insolvency, moratorium or other laws affecting creditors' rights generally
     from time to time in effect and to general principles of equity and (ii)
     any rights to indemnity or contribution may be limited by applicable
     federal and state securities laws and by public policy considerations).

          (v) No consent, approval, authorization, filing with or order of any
     court or governmental agency or body is required in connection with the
     transactions contemplated in this Agreement, the Indenture, the Securities,
     the Registration Rights Agreement, the Control Agreements or the Security
     Documents, except such as will be obtained under the Act and the Trust
     Indenture Act and such as may be required under the blue sky laws of any
     jurisdiction in connection with the purchase and distribution of the
     Securities by the Initial Purchasers in the manner contemplated herein and
     in the Final Memorandum and the Registration Rights Agreement.

          (w) None of the execution and delivery by any Issuer, as the case may
     be, of this Agreement, the Indenture, the Securities, the Registration
     Rights Agreement, the Control Agreements or the Security Documents, the
     issue and sale of the Securities, the consummation of the transactions
     contemplated herein or therein or the fulfillment of the terms hereof or
     thereof will conflict with, result in a breach or violation or imposition
     of any lien, charge or encumbrance upon any property or assets of the
     Company or any of its subsidiaries pursuant to, (i) the charter or by-laws
     or other organizational or governing documents of the Company or any of its
     subsidiaries; (ii) the terms of any indenture, contract, lease, mortgage,
     deed of trust, note agreement, loan agreement or other agreement,
     obligation, condition, covenant or instrument to which the Company or any
     of its subsidiaries is a party or bound or to which any property of the
     Company or any of its subsidiaries is subject; or (iii) any statute, law,
     rule, regulation, judgment, order or decree applicable to the Company or
     any of its subsidiaries of any court, regulatory body, administrative
     agency, governmental body, arbitrator or other authority having
     jurisdiction over the Company or any of its subsidiaries or any of their
     respective properties.

          (x) The consolidated historical financial statements and schedules of
     the Company and its consolidated subsidiaries included in the Final
     Memorandum present fairly in all material respects the financial condition,
     results of operations and cash flows of the Company as of the dates and for
     the periods indicated, comply as to form with the applicable accounting
     requirements of the Act and have been prepared in conformity with generally
     accepted accounting principles applied on a consistent basis throughout the
     periods involved (except as otherwise noted therein); the selected
     financial data set forth under the caption "Selected Consolidated Financial
     Data" in the Final Memorandum fairly present, on the basis stated in the
     Final Memorandum, the information included therein; the pro forma financial
     data included in the Final Memorandum are based upon assumptions that
     provide a reasonable basis for presenting the significant effects directly
     attributable to the transactions and events described therein, the related
     pro forma adjustments give appropriate effect to those assumptions, and the
     pro forma adjustments reflect the proper application of those adjustments
     to the historical financial statement amounts in the pro forma financial
     data included in the Final Memorandum.

                                        5

<PAGE>

          (y) No action, suit or proceeding by or before any court or
     governmental agency, authority or body or any arbitrator involving the
     Company or any of its subsidiaries or any of their respective property is
     pending or threatened that (i) would reasonably be expected to have a
     material adverse effect on the performance of this Agreement, the
     Indenture, the Securities, the Registration Rights Agreement, the Control
     Agreements or the Security Documents or the consummation of any of the
     transactions contemplated hereby or thereby; or (ii) would reasonably be
     expected to have a Material Adverse Effect, whether or not arising from
     transactions in the ordinary course of business, except as set forth in or
     contemplated in the Final Memorandum (exclusive of any amendment or
     supplement thereto).

          (z) Each of the Company and its subsidiaries owns or leases all such
     properties as are necessary to the conduct of its operations as presently
     conducted, except where the failure to own or lease such properties would
     not reasonably be expected to have a Material Adverse Effect.

          (aa) None of the Company or any of its subsidiaries is in violation or
     default of (i) any provision of its charter or by-laws or other
     organizational or governing documents; (ii) the terms of any indenture,
     contract, lease, mortgage, deed of trust, note agreement, loan agreement or
     other agreement, obligation, condition, covenant or instrument to which it
     is a party or bound or to which its property is subject; or (iii) any
     statute, law, rule, regulation, judgment, order or decree applicable to it
     or any of its subsidiaries of any court, regulatory body, administrative
     agency, governmental body, arbitrator or other authority having
     jurisdiction over it or any such subsidiaries or any of their respective
     properties, except in the case of clauses (i) as it relates to foreign
     subsidiaries and clauses (ii) and (iii) as would not reasonably be expected
     to have a Material Adverse Effect.

          (bb) KPMG LLP, who have certified certain financial statements of the
     Company and its consolidated subsidiaries and delivered their report with
     respect to the audited consolidated financial statements and schedules
     included in the Final Memorandum, are independent public accountants with
     respect to the Company within the meaning of the Act and the applicable
     published rules and regulations thereunder.

          (cc) There are no stamp or other issuance or transfer taxes or duties
     or other similar fees or charges required to be paid in connection with the
     execution and delivery of this Agreement or the issuance or sale by the
     Issuers of the Securities to the Initial Purchasers.

          (dd) Each of the Company and its subsidiaries has filed all foreign,
     federal, state and local tax returns that are required to be filed or has
     requested extensions thereof (except in any case in which the failure so to
     file could not have a material adverse effect on the condition (financial
     or otherwise), prospects, earnings, business or properties of the Company
     and its subsidiaries, taken as a whole, whether or not arising from
     transactions in the ordinary course of business and has paid all taxes
     required to be paid by it and any other assessment, fine or penalty levied
     against it, to the extent that any of the foregoing is due and payable,
     except for any such assessment, fine or penalty that is being contested in
     good faith or as would not reasonably be expected to have a Material
     Adverse Effect, whether or not arising from transactions in the ordinary
     course of business.

          (ee) No labor problem or dispute with the employees of the Company or
     any of its subsidiaries exists or is threatened or imminent, and there is
     no existing or imminent labor disturbance by the employees of the Company
     or any of its subsidiaries or by the principal suppliers, contractors or
     customers of the Company or any of its subsidiaries, in each case, that
     would reasonably be expected to have a Material Adverse Effect, whether or
     not arising from transactions in the ordinary course of business.

                                        6

<PAGE>

          (ff) Each of the Company and its subsidiaries is insured by insurers
     of recognized financial responsibility against such losses and risks and in
     such amounts as are prudent and customary in the businesses in which they
     are engaged; all policies of insurance insuring the Company or any of its
     subsidiaries or their respective businesses, assets, employees, officers
     and directors are in full force and effect; the Company and its
     subsidiaries are in compliance with the terms of such policies and
     instruments in all material respects; and there are no material claims by
     the Company or any of its subsidiaries under any such policy or instrument
     as to which any insurance company is denying liability or defending under a
     reservation of rights clause; and neither the Company nor any such
     subsidiary has any reason to believe that it will not be able to renew its
     existing insurance coverage as and when such coverage expires or to obtain
     similar coverage from similar insurers as may be necessary to continue its
     business at a cost that would not reasonably be expected to have a Material
     Adverse Effect, whether or not arising from transactions in the ordinary
     course of business, except as set forth in or contemplated in the Final
     Memorandum (exclusive of any amendment or supplement thereto).

          (gg) Neither any "significant subsidiary" of the Company within the
     meaning of Rule 1-02(w) of Regulation S-X under the Exchange Act (a
     "Material Subsidiary") nor any Guarantor is prohibited, directly or
     indirectly, from paying any dividends to the Company, from making any other
     distribution on such subsidiary's capital stock, from repaying to the
     Company any loans or advances to such subsidiary from the Company or from
     transferring any of such subsidiary's property or assets to the Company or
     any other subsidiary of the Company, except as may be prescribed by
     applicable law or as described in or contemplated by the Final Memorandum
     (exclusive of any amendment or supplement thereto).

          (hh) The Company and its subsidiaries own or possess adequate licenses
     or other rights to use all patents, trademarks, service marks, trade names,
     copyrights and know-how that are necessary to conduct their respective
     businesses as described in the Final Memorandum. None of the Company or its
     subsidiaries has received any notice of infringement of or conflict with
     (or knows of any such infringement of or conflict with) asserted rights of
     others with respect to any patents, trademarks, service marks, trade names,
     copyrights or know-how that, if such assertion of infringement or conflict
     were sustained, would reasonably be expected to have a Material Adverse
     Effect, whether or not arising from transactions in the ordinary course of
     business, except as set forth in or contemplated in the Final Memorandum
     (exclusive of any amendment or supplement thereto).

          (ii) Each of the Company and its subsidiaries has good and marketable
     title in fee simple to all its real property described as being owned by it
     in the Final Memorandum and has valid rights to lease, license or use all
     items of owned or leased real property, as applicable, described as being
     used by it in the Final Memorandum (including, without limitation, all real
     property to be mortgaged pursuant to the Security Documents), and good
     title to all personal property described in the Final Memorandum as being
     owned by it (including, without limitation, all property in which a
     security interest is to be granted pursuant to the Security Documents), in
     each case, free and clear of all liens, charges, encumbrances or
     restrictions, except, in each case, as would be permitted by the Indenture,
     the Control Agreements and the Security Documents or as otherwise described
     in the Final Memorandum.

          (jj) The Security Documents that constitute mortgages or deeds of
     trust on real property, once executed and delivered in connection with the
     sale of the Notes and when properly recorded and indexed with the proper
     governmental authorities (together with payment of the appropriate filing
     or recording fees and any applicable taxes) and the fixture filings when
     delivered and filed as required by law to perfect a security interest with
     respect to fixtures in the real property subject to each such mortgage or
     deed of trust, will create, in favor of the Collateral Trustee (as defined
     in the Security Documents) for

                                        7

<PAGE>

     the benefit of the Secured Parties (as defined in the Security Documents),
     including the Trustee on behalf of the holders of the Notes, (i) valid and
     enforceable mortgage liens on such real property and (ii) perfected
     security interests in such fixtures or other personal property. The
     Security Documents, once executed and delivered in connection with the sale
     of the Notes, will create a valid and enforceable security interest in the
     personal property pursuant to which a security interest is to be granted
     under the Security Documents and upon the filing of appropriate Uniform
     Commercial Code financing statements and taking the other actions described
     in the Security Documents, the security interest in personal property will
     be perfected insofar as it may be perfected by filing and delivery of
     possession to the Collateral Trustee under the Uniform Commercial Code.

          (kk) None of the Company or any of its subsidiaries has any real
     property, personal property or other assets that would constitute a
     Principal Property (as defined in the Security Documents) that will not as
     of the Closing Date constitute collateral under the Security Documents.

          (ll) Each of the Company and its subsidiaries possess all licenses,
     certificates, permits and other authorizations issued by the appropriate
     federal, state or foreign regulatory authorities necessary to conduct their
     respective businesses and neither the Company nor any such subsidiary has
     received any notice of proceedings relating to the revocation or
     modification of any such certificate, authorization or permit which, singly
     or in the aggregate, if the subject of an unfavorable decision, ruling or
     finding, would reasonably be expected to have a Material Adverse Effect,
     whether or not arising from transactions in the ordinary course of
     business, except as set forth in or contemplated in the Final Memorandum
     (exclusive of any amendment or supplement thereto).

          (mm) The Company and each subsidiary maintains a system of internal
     accounting controls over financial reporting and over safeguarding of
     assets against unauthorized requisition, use or disposition which is
     designed to provide reasonable assurance as to the reliability of financial
     records and the safeguarding of such assets.

          (nn) The Company and its subsidiaries are (i) in compliance with any
     and all applicable foreign, federal, state and local laws and regulations,
     and codes, orders, decrees, judgments or injunctions issued, promulgated,
     approved or entered thereunder, relating to the protection of human health
     and safety, the environment or hazardous or toxic substances or wastes,
     pollutants or contaminants ("Environmental Laws"); (ii) have received and
     are in compliance with all permits, licenses or other approvals required of
     them under applicable Environmental Laws to conduct their respective
     businesses; (iii) have had no lien, charge, encumbrance or restriction
     recorded under any Environmental Law with respect to any assets, facility
     or property owned, operated, leased or controlled; and (iv) have not
     received notice of any actual or potential liability for the investigation
     or remediation of any disposal or release of hazardous or toxic substances
     or wastes, pollutants or contaminants, except where such non-compliance
     with Environmental Laws, failure to receive required permits, licenses or
     other approvals, or liability would not, individually or in the aggregate,
     reasonably be expected to have a Material Adverse Effect, whether or not
     arising from transactions in the ordinary course of business, except as set
     forth in or contemplated in the Final Memorandum (exclusive of any
     amendment or supplement thereto); except as set forth in the Final
     Memorandum, to the best knowledge of the Company, neither the Company nor
     any of its subsidiaries has been named as a "potentially responsible party"
     under the Comprehensive Environmental Response, Compensation, and Liability
     Act of 1980, as amended.

          (oo) In the ordinary course of its business, the Company periodically
     reviews the effect of Environmental Laws on the business, operations and
     properties of the Company and its subsidiaries, in the course of which it
     identifies and evaluates associated costs and liabilities (including,
     without limita-

                                        8

<PAGE>

     tion, any capital or operating expenditures required for clean-up, closure
     of properties or compliance with Environmental Laws, or any permit, license
     or approval, any related constraints on operating activities and any
     potential liabilities to third parties); on the basis of such review, the
     Company has reasonably concluded that such associated costs and liabilities
     would not, singly or in the aggregate, reasonably be expected to have a
     Material Adverse Effect, whether or not arising from transactions in the
     ordinary course of business, except as set forth in or contemplated in the
     Final Memorandum (exclusive of any amendment or supplement thereto).

          (pp) Each of the Company and its subsidiaries has fulfilled its
     obligations, if any, under the minimum funding standards of Section 302 of
     the United States Employee Retirement Income Security Act of 1974, as
     amended ("ERISA"), and the regulations and published interpretations
     thereunder with respect to each "plan" (as defined in Section 3(3) of ERISA
     and such regulations and published interpretations) in which employees of
     the Company and its subsidiaries are eligible to participate and each such
     plan is in compliance in all material respects with the presently
     applicable provisions of ERISA and such regulations and published
     interpretations; the Company and its subsidiaries have not incurred any
     unpaid liability to the Pension Benefit Guaranty Corporation (other than
     for the payment of premiums in the ordinary course) or to any such plan
     under Title IV of ERISA.

          (qq) The statistical and market-related data included in the Final
     Memorandum are based on or derived from sources which the Issuers believe
     to be reliable and accurate.

          (rr) None of the Issuers or any agent acting on their behalf has taken
     or will take any action that might cause this Agreement or the sale of the
     Securities to violate Regulation T, U or X of the Board of Governors of the
     Federal Reserve System, in each case as in effect, or as the same may
     hereafter be in effect, on the Closing Date.

          Any certificate signed by any officer of any Issuer and delivered to
the Representatives or counsel for the Initial Purchasers in connection with the
offering of the Securities shall be deemed a representation and warranty by such
Issuer, as to matters covered thereby, to each Initial Purchaser.

          2. Purchase and Sale. Subject to the terms and conditions and in
reliance upon the representations and warranties herein set forth, the Company
agrees to sell to each Initial Purchaser, and each Initial Purchaser agrees,
severally and not jointly, to purchase from the Company, at a purchase price of
96.772% of the principal amount of the Notes thereof plus accrued interest, if
any, from October 21, 2002 to the Closing Date, the principal amount of Notes
set forth opposite such Initial Purchaser's name in Schedule I hereto.

          3. Delivery and Payment. Delivery of and payment for the Securities
shall be made at 10:00 A.M., New York City time, on October 21, 2002, or at such
time on such later date (not later than October 28, 2002) as the Representatives
shall designate, which date and time may be postponed by agreement between the
Representatives and the Company or as provided in Section 9 hereof (such date
and time of delivery and payment for the Securities being herein called the
"Closing Date"). Delivery of the Securities shall be made to the Representatives
for the respective accounts of the several Initial Purchasers against payment by
the several Initial Purchasers through the Representatives of the purchase price
thereof to or upon the order of the Company by wire transfer payable in same-day
funds to the account specified by the Company. Delivery of the Securities shall
be made through the facilities of The Depository Trust Company of New York, or
their designated custodian, unless the Representatives shall otherwise instruct.

          4. Offering by Initial Purchasers. Each Initial Purchaser, severally
and not jointly, represents and warrants to and agrees with the Issuers that:

                                        9

<PAGE>

          (a) It has not offered or sold, and will not offer or sell, any
     Securities except (i) to those it reasonably believes to be qualified
     institutional buyers (as defined in Rule 144A under the Act) and that, in
     connection with each such sale, it has taken or will take reasonable steps
     to ensure that the purchaser of such Securities is aware that such sale is
     being made in reliance on Rule 144A or (ii) in accordance with the
     restrictions set forth in Exhibit A hereto.

          (b) Neither it nor any person acting on its behalf has made or will
     make offers or sales of the Securities in the United States by means of any
     form of general solicitation or general advertising (within the meaning of
     Regulation D) in the United States.

          (c) It has (i) not offered or sold, and, prior to the expiry of six
     months from the closing of the offering of the Securities will not offer or
     sell, any Securities to persons in the United Kingdom except to persons
     whose ordinary activities involve them in acquiring, holding, managing or
     disposing of investments, whether as principal or agent, for purposes of
     their businesses or otherwise in circumstances which have not resulted and
     will not result in an offer to the public in the United Kingdom within the
     meaning of the Public Offers of Securities Regulation 1995, (ii) complied
     and will comply with all applicable provisions of the Financial Services
     and Markets Act 2000 (the "FSMA") and the Public Offers of Securities
     Regulations 1995 with respect to anything done by it in relation to the
     Securities in, from or otherwise involving the United Kingdom and (iii)
     only communicated or caused to be communicated and will only communicate or
     cause be communicated any invitation or inducement to engage in investment
     activity (within the meaning of the FSMA) received by it in connection with
     the issue or sale of any Securities in circumstances in which section 21(1)
     of the FSMA does not apply to the Issuers.

          5. Agreements. The Issuers, jointly and severally, agree with each
Initial Purchaser that:

          (a) The Company will furnish to each Initial Purchaser and to counsel
     for the Initial Purchasers, without charge, during the period referred to
     in paragraph (c) below, as many copies of the Final Memorandum and any
     amendments and supplements thereto as they may reasonably request.

          (b) The Company will not amend or supplement the Final Memorandum,
     other than by filing documents under the Exchange Act that are incorporated
     by reference therein, without the prior written consent of the
     Representatives; provided, however, that, prior to the completion of the
     distribution of the Securities by the Initial Purchasers (as determined by
     the Representatives), the Company will not file any document under the
     Exchange Act that is incorporated by reference in the Final Memorandum
     unless, prior to such proposed filing, the Company has furnished the
     Representatives with a copy of such document for their review and the
     Representatives have not reasonably objected to the filing of such
     document. The Company will promptly advise the Representatives when any
     document filed under the Exchange Act that is incorporated by reference in
     the Final Memorandum shall have been filed with the Commission.

          (c) If at any time prior to the completion of the sale of the
     Securities by the Initial Purchasers (as determined by the
     Representatives), any event occurs as a result of which the Final
     Memorandum, as then amended or supplemented, would include any untrue
     statement of a material fact or omit to state any material fact necessary
     to make the statements therein, in the light of the circumstances under
     which they were made, not misleading, or if it should be necessary to amend
     or supplement the Final Memorandum to comply with applicable law, the
     Company promptly (i) will notify the Representatives of any such event;
     (ii) subject to the requirements of paragraph (b) of this Section 5, will
     prepare an amendment or supplement that will correct such statement or
     omission or effect such compliance; and

                                       10

<PAGE>

     (iii) will supply any supplemented or amended Final Memorandum to the
     several Initial Purchasers and counsel for the Initial Purchasers without
     charge in such quantities as they may reasonably request.

          (d) The Company will arrange, if necessary, for the qualification of
     the Securities for sale by the Initial Purchasers under the laws of such
     jurisdictions as the Initial Purchasers may designate and will maintain
     such qualifications in effect so long as required for the sale of the
     Securities; provided that in no event shall the Company be obligated to
     qualify to do business in any jurisdiction where it is not now so qualified
     or to take any action that would subject it to service of process in suits,
     other than those arising out of the offering or sale of the Securities, in
     any jurisdiction where it is not now so subject. The Company will promptly
     advise the Representatives of the receipt by the Company of any
     notification with respect to the suspension of the qualification of the
     Securities for sale in any jurisdiction or the initiation or threatening of
     any proceeding for such purpose.

          (e) The Issuers will not, and will not permit any of their respective
     Affiliates to, resell any Securities that have been acquired by any of
     them.

          (f) None of the Issuers nor any of their respective Affiliates, nor
     any person acting on its or their behalf will, directly or indirectly, make
     offers or sales of any security, or solicit offers to buy any security,
     under circumstances that would require the registration of the Securities
     under the Act.

          (g) None of the Issuers nor any of their respective Affiliates, nor
     any person acting on its or their behalf will engage in any form of general
     solicitation or general advertising (within the meaning of Regulation D) in
     connection with any offer or sale of the Securities in the United States.

          (h) So long as any of the Securities are "restricted securities"
     within the meaning of Rule 144(a)(3) under the Act, the Company, will,
     during any period in which it is not subject to and in compliance with
     Section 13 or 15(d) of the Exchange Act or it is not exempt from such
     reporting requirements pursuant to and in compliance with Rule 12g3-2(b)
     under the Exchange Act, provide to each holder of such restricted
     securities and to each prospective purchaser (as designated by such holder)
     of such restricted securities, upon the request of such holder or
     prospective purchaser, any information required to be provided by Rule
     144A(d)(4) under the Act. This covenant is intended to be for the benefit
     of the holders, and the prospective purchasers designated by such holders,
     from time to time of such restricted securities.

          (i) None of the Issuers, nor any of their respective Affiliates, nor
     any person acting on its or their behalf will engage in any directed
     selling efforts with respect to the Securities, and each of them will
     comply with the offering restrictions requirement of Regulation S. Terms
     used in this paragraph have the meanings given to them by Regulation S.

          (j) The Issuers will cooperate with the Representatives and use their
     respective best efforts to permit the Securities to be eligible for
     clearance and settlement through The Depository Trust Company.

          (k) None of the Issuers will for a period of 90 days following the
     Execution Time, without the prior written consent of Salomon Smith Barney,
     offer, sell or contract to sell, or otherwise dispose of (or enter into any
     transaction which is designed to, or might reasonably be expected to,
     result in the disposition (whether by actual disposition or effective
     economic disposition due to cash settlement or otherwise) by any Issuer or
     any Affili-

                                       11

<PAGE>

     ate of any Issuer or any person in privity with any Issuer or any Affiliate
     of any Issuer), directly or indirectly, or announce the offering of, any
     debt securities issued or guaranteed by any Issuer (other than the
     Securities).

          (l) The Issuers will not take, directly or indirectly, any action
     designed to or which has constituted or which might reasonably be expected
     to cause or result, under the Exchange Act or otherwise, in stabilization
     or manipulation of the price of any security of any Issuer to facilitate
     the sale or resale of the Securities.

          (m) The Issuers (i) shall use their respective best efforts to cause
     the use of proceeds from the Securities to be consummated in a manner
     consistent in all material respects with the description thereof in the
     Final Memorandum and (ii) cause the Securities to be secured by perfected
     second priority liens (except as provided for in the Indenture and the
     Security Documents) on the properties and assets of the Company and its
     subsidiaries to the extent and in the manner provided for in the Indenture
     and the Security Documents and as described in the Final Memorandum.

          (n) The Issuers, jointly and severally, agree to pay the costs and
     expenses relating to the following matters: (i) the preparation of the
     Indenture and the Registration Rights Agreement and the Security Documents,
     the issuance of the Securities and the fees of the Trustee and the
     Collateral Trustee; (ii) the preparation, printing or reproduction of the
     Preliminary Memorandum and Final Memorandum and each amendment or
     supplement to either of them; (iii) the printing (or reproduction) and
     delivery (including postage, air freight charges and charges for counting
     and packaging) of such copies of the Preliminary Memorandum and Final
     Memorandum, and all amendments or supplements to either of them, as may, in
     each case, be reasonably requested for use in connection with the offering
     and sale of the Securities; (iv) the preparation, printing, authentication,
     issuance and delivery of certificates for the Securities, including any
     stamp or transfer taxes in connection with the original issuance and sale
     of the Securities; (v) the printing (or reproduction) and delivery of this
     Agreement, any blue sky memorandum and all other agreements or documents
     printed (or reproduced) and delivered in connection with the offering of
     the Securities; (vi) any registration or qualification of the Securities
     for offer and sale under the securities or blue sky laws of the several
     states (including filing fees and the reasonable fees and expenses of
     counsel for the Initial Purchasers relating to such registration and
     qualification); (vii) admitting the Securities for trading in The Portal
     Market; (viii) the transportation and other expenses incurred by or on
     behalf of Company representatives in connection with presentations to
     prospective purchasers of the Securities; (ix) the fees and expenses of the
     Company's accountants and the fees and expenses of counsel (including local
     and special counsel) for the Company; and (x) all other costs and expenses
     incident to the performance by the Issuers of their respective obligations
     hereunder. The Initial Purchasers will pay the fees and expenses of their
     own counsel (except as set forth in clause (vi) of the preceding sentence
     and Section 7 hereof).

          (o) The Issuers will pay any stamp or other issuance or transfer taxes
     or duties or other similar fees or charges required to be paid in
     connection with the execution and delivery of this Agreement or the
     issuance or sale by the Company of the Securities.

          6. Conditions to the Obligations of the Initial Purchasers. The
obligations of the Initial Purchasers to purchase the Notes shall be subject to
the accuracy of the representations and warranties on the part of the Issuers
contained herein at the Execution Time and the Closing Date, to the accuracy of
the statements of the Issuers made in any certificates pursuant to the
provisions hereof, to the performance by the Issuers of their respective
obligations hereunder and to the following additional conditions:

                                       12

<PAGE>

          (a) The Company shall have requested and caused Morgan Lewis & Bockius
     LLP, counsel for the Company, to furnish to the Representatives its
     opinion, dated the Closing Date and addressed to the Representatives, to
     the effect that:

               (i) each of the Company and the subsidiaries listed on an
          attached schedule (individually, a "Subsidiary" and collectively, the
          "Subsidiaries") is validly existing as a corporation in good standing
          under the laws of the jurisdiction in which it is organized, with full
          power and authority to own or lease, as the case may be, and to
          operate its properties and conduct its business as described in the
          Final Memorandum, and is duly qualified to do business as a foreign
          entity and is in good standing under the laws of each jurisdiction
          listed on the attached schedule;

               (ii) the Company's authorized equity capitalization is as set
          forth in the Final Memorandum;

               (iii) the Indenture has been duly authorized, executed and
          delivered by each Issuer, and constitutes a legal, valid and binding
          instrument of each Issuer enforceable against each Issuer in
          accordance with its terms (subject, as to the enforcement of remedies,
          to applicable bankruptcy, reorganization, insolvency, moratorium or
          other laws affecting creditors' rights generally from time to time in
          effect and to general principles of equity); the Notes have been duly
          and validly authorized and, when executed and authenticated in
          accordance with the provisions of the Indenture and delivered to and
          paid for by the Initial Purchasers under this Agreement, will
          constitute legal, valid, binding and enforceable obligations of the
          Company entitled to the benefits of the Indenture (subject, as to the
          enforcement of remedies, to applicable bankruptcy, reorganization,
          insolvency, moratorium or other laws affecting creditors' rights
          generally from time to time in effect and to general principles of
          equity); the Guarantees have been duly authorized, executed and
          delivered by each Guarantor and constitute the legal, valid and
          binding obligation of each Guarantor enforceable against each
          Guarantor in accordance with its terms (subject, as to the enforcement
          of remedies, to applicable bankruptcy, reorganization, insolvency,
          moratorium or other laws affecting creditors' rights generally from
          time to time in effect and to general principles of equity); the
          Registration Rights Agreement has been duly authorized, executed and
          delivered by each Issuer and constitutes a legal, valid, binding and
          enforceable instrument of each Issuer (subject, as to the enforcement
          of remedies, to applicable bankruptcy, reorganization, insolvency,
          moratorium or other laws affecting creditors' rights generally from
          time to time in effect and to general principles of equity); and the
          statements set forth under the heading "Description of the Notes" and
          "Exchange Offer; Registration Rights" in the Final Memorandum, insofar
          as such statements purport to summarize certain provisions of the
          Securities, the Security Documents, the Indenture and the Registration
          Rights Agreement, provide a fair summary of such provisions;

               (iv) each Security Document has been duly authorized, executed
          and delivered by each Issuer party thereto, and constitutes a legal,
          valid and binding instrument of each Issuer party thereto enforceable
          against each Issuer party thereto in accordance with its terms
          (subject, as to the enforcement of remedies, to applicable bankruptcy,
          reorganization, insolvency, moratorium or other laws affecting
          creditors' rights generally from time to time in effect and to general
          principles of equity); and the statements set forth under the headings
          "Summary--The Offering--Collateral," "Summary--The
          Offering--Collateral Trust Agreement" and "Description of the
          Notes--Security" in the Final Memorandum, insofar as such statements
          purport to de-

                                       13

<PAGE>

          scribe certain provisions of the Security Documents, provide a fair
          description of such provisions;

               (v) this Agreement has been duly authorized, executed and
          delivered by each Issuer;

               (vi) each Control Agreement has been duly authorized, executed
          and delivered by the Company, and constitutes a legal, valid and
          binding instrument of the Company enforceable against the Company in
          accordance with its terms (subject, as to the enforcement of remedies,
          to applicable bankruptcy, reorganization, insolvency, moratorium or
          other laws affecting creditors' rights generally from time to time in
          effect and to general principles of equity);

               (vii) each Issuer has all requisite corporate or other
          organizational power and authority and has taken all requisite
          corporate or other organizational action, and has received and is in
          compliance with all governmental, judicial and other authorizations,
          approvals and orders, necessary to enter into and perform its
          obligations under this Agreement, the Indenture, the Control
          Agreements, the Registration Rights Agreement and the Securities, and
          no consent, approval, authorization, filing with or order of any court
          or governmental agency or body is required to be obtained or made by
          any Issuer in connection with the transactions contemplated herein or
          in the Indenture, the Security Documents, the Control Agreements and
          the Registration Rights Agreement, except such as will be obtained
          under the Act and the Trust Indenture Act and such as may be required
          under the blue sky or securities laws of any jurisdiction in
          connection with the purchase and sale of the Securities by the Initial
          Purchasers in the manner contemplated in this Agreement and the Final
          Memorandum and the Registration Rights Agreement and such other
          approvals (specified in such opinion), if any, as have been obtained;

               (viii) neither the execution and delivery of the Indenture, this
          Agreement, the Security Documents, the Control Agreements or the
          Registration Rights Agreement, the issue and sale of the Securities,
          nor the consummation of any other of the transactions herein or
          therein contemplated, nor the fulfillment of the terms hereof or
          thereof will conflict with, result in a breach or violation of, or
          imposition of any lien, charge or encumbrance upon any property or
          asset of the Company or its subsidiaries pursuant to, (i) the charter
          or by-laws or other organizational or governing documents of the
          Company or the Subsidiaries; (ii) the terms of any indenture,
          contract, lease, mortgage, deed of trust, note agreement, loan
          agreement or other agreement, obligation, condition, covenant or
          instrument known to such counsel to which the Company or any of its
          Subsidiaries is a party or bound or to which its respective property
          is subject; (iii) any statute, law, rule or regulation; or (iv) any
          judgment, order or decree known to such counsel applicable to the
          Company or the Subsidiaries of any court, regulatory body,
          administrative agency, governmental body, arbitrator or other
          authority having jurisdiction over the Company, such Subsidiaries or
          any of their respective properties;

               (ix) assuming the accuracy of the representations and warranties
          and compliance with the agreements contained herein, no registration
          of the Securities under the Act, and no qualification of an indenture
          under the Trust Indenture Act, is required for the offer and sale by
          the Initial Purchasers of the Securities in the manner contemplated by
          this Agreement; and

               (x) No Issuer is or, after giving effect to the offering and sale
          of the Securities and the application of the proceeds thereof as
          described in the Final Memorandum, will be an "in-

                                       14

<PAGE>

          vestment company" as defined in the Investment Company Act without
          taking account of any exemption arising out of the number of holders
          of the Company's securities.

          In rendering such opinion, such counsel may (A) as to matters
     involving the application of laws of any jurisdiction other than the State
     of Pennsylvania or the State of New York, the General Corporation Law of
     the State of Delaware or the Federal laws of the United States, to the
     extent it deems proper obtain the opinion of other counsel of good standing
     who it believes to be reliable and who is satisfactory to counsel for the
     Initial Purchasers; and (B) as to matters of fact, to the extent it deems
     proper, rely on certificates of responsible officers of the Company and
     public officials. Any opinions of other counsel obtained pursuant to (A)
     shall be addressed directly to the Initial Purchasers. References to the
     Final Memorandum in this Section 6(a) include any amendment or supplement
     thereto at the Closing Date.

          Such counsel shall also have furnished to the Representatives its
     written statement to the effect that, based upon such counsel's
     participation in the preparation of the Offering Memorandum and review and
     discussion of the contents thereof, but without independent check or
     verification, nothing has come to such counsel's attention that causes such
     counsel to believe that at the Execution Time and on the Closing Date the
     Final Memorandum contained or contains any untrue statement of a material
     fact or omitted or omits to state any material fact necessary to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading (in each case, other than the financial statements and
     other financial information contained therein, as to which such counsel
     need express no belief).

          (a)(2) The Company shall have requested and caused Andrea E. Utecht,
     general counsel for the Company, to furnish to the Representatives her
     opinion, dated the Closing Date and addressed to the Representatives, to
     the effect that:

               (i) to the knowledge of such counsel, except as disclosed in the
          Final Memorandum, there is no pending or threatened action, suit or
          proceeding by or before any court or governmental agency, authority or
          body or any arbitrator involving the Company or any of its
          subsidiaries or its or their property that has a reasonable
          probability, singly or in the aggregate, taking into account
          exhaustion of all appeals, of having a Material Adverse Effect; and
          the statements in the Final Memorandum under the heading
          "Business--Legal Proceedings" fairly summarize the matters therein
          described.

               (ii) neither the execution and delivery of the Indenture, this
          Agreement, the Security Documents, the Control Agreements or the
          Registration Rights Agreement, the issue and sale of the Securities,
          nor the consummation of any other of the transactions herein or
          therein contemplated, nor the fulfillment of the terms hereof or
          thereof will conflict with, result in a breach or violation of, or
          imposition of any lien, charge or encumbrance upon any property or
          asset of the Company or its subsidiaries pursuant to, (i) the charter
          or by-laws or other organizational or governing documents of the
          Company, any of the Guarantors or any of the Material Subsidiaries;
          (ii) the terms of any indenture, contract, lease, mortgage, deed of
          trust, note agreement, loan agreement or other agreement, obligation,
          condition, covenant or instrument known to such counsel to which the
          Company, any of the Guarantors or any of the Material Subsidiaries is
          a party or bound or to which its respective property is subject; (iii)
          any statute, law, rule or regulation; or (iv) any judgment, order or
          decree known to such counsel applicable to the Company, any of the
          Guarantors or any of the Material Subsidiaries of any court,
          regulatory body, administrative agency, governmental body, arbitrator
          or other authority having ju-

                                       15

<PAGE>

          risdiction over the Company, such Guarantors, such Material
          Subsidiaries or any of their respective properties;

          In rendering such opinion, such counsel may (A) as to matters
     involving the application of laws of any jurisdiction other than the State
     of Pennsylvania, the General Corporation Law of the State of Delaware or
     the Federal laws of the United States, to the extent she deems proper
     obtain the opinion of other counsel of good standing who she believes to be
     reliable and who is satisfactory to counsel for the Initial Purchasers; and
     (B) as to matters of fact, to the extent she deems proper, rely on
     certificates of responsible officers of the Company and public officials.
     Any opinions of other counsel obtained pursuant to (A) shall be addressed
     directly to the Initial Purchasers. References to the Final Memorandum in
     this Section 6(a) include any amendment or supplement thereto at the
     Closing Date.

          Such counsel shall also state that she has no reason to believe that
     at the Execution Time and on the Closing Date the Final Memorandum
     contained or contains any untrue statements of a material fact or omitted
     or omits to state any material fact necessary to make the statements
     therein, in the light of the circumstances under which they were made, not
     misleading (in each case, other than the financial statements and other
     financial information contained therein, as to which such counsel need
     express no belief).

          (b) The Representatives shall have received from Cahill Gordon &
     Reindel, counsel for the Initial Purchasers, such opinion or opinions,
     dated the Closing Date and addressed to the Representatives, with respect
     to the issuance and sale of the Securities, the Indenture, the Registration
     Rights Agreement, the Final Memorandum (as amended or supplemented at the
     Closing Date) and other related matters as the Representatives may
     reasonably require, and the Company shall have furnished to such counsel
     such documents as they request for the purpose of enabling them to pass
     upon such matters.

          (c) The Company shall have furnished to the Representatives a
     certificate of the Company, signed by its general counsel and any of the
     chief financial officer, the treasurer and the principal accounting officer
     of the Company, dated the Closing Date, to the effect that the signers of
     such certificate have carefully examined the Final Memorandum, any
     amendment or supplement to the Final Memorandum and this Agreement and
     that:

               (i) the representations and warranties of the Issuers in this
          Agreement are true and correct in all material respects on and as of
          the Closing Date with the same effect as if made on the Closing Date,
          and each Issuer has complied with all the agreements and satisfied all
          the conditions on its part to be performed or satisfied hereunder at
          or prior to the Closing Date; and

               (ii) since the date of the most recent financial statements
          included in the Final Memorandum (exclusive of any amendment or
          supplement thereto), there has been no material adverse change in the
          condition (financial or otherwise), prospects, earnings, business or
          properties of the Company and its subsidiaries, taken as a whole,
          whether or not arising from transactions in the ordinary course of
          business, except as set forth in or contemplated by the Final
          Memorandum (exclusive of any amendment or supplement thereto).

          (d) At the Execution Time and at the Closing Date, the Company shall
     have requested and caused KPMG LLP to furnish to the Representatives
     comfort letters, dated respectively as of the Execution Time and as of the
     Closing Date, in form and substance satisfactory to the Representatives.

                                       16

<PAGE>

          (e) Subsequent to the Execution Time or, if earlier, the dates as of
     which information is given in the Final Memorandum (exclusive of any
     amendment or supplement thereto), there shall not have been (i) any change
     or decrease specified in the letter or letters referred to in paragraph (d)
     of this Section 6; or (ii) any change, or any development involving a
     prospective change, in or affecting the condition (financial or otherwise),
     prospects, earnings, business or properties of the Company and its
     subsidiaries, taken as a whole, whether or not arising from transactions in
     the ordinary course of business, except as set forth in or contemplated in
     the Final Memorandum (exclusive of any amendment or supplement thereto) the
     effect of which, in any case referred to in clause (i) or (ii) above, is,
     in the sole judgment of the Representatives, so material and adverse as to
     make it impractical or inadvisable to market the Securities as contemplated
     by the Final Memorandum (exclusive of any amendment or supplement thereto).

          (f) The Issuers and the Trustee shall have entered into the Indenture
     and the Representatives shall have received counterparts, conformed as
     executed, thereof.

          (g) The Issuers and the Initial Purchasers shall have entered into the
     Registration Rights Agreement and the Representatives shall have received
     counterparts, conformed as executed, thereof.

          (h) The Company shall have entered each of the Control Agreements and
     the Representatives shall have received counterparts, conformed as
     executed, thereof.

          (i) The Issuers shall have caused the Representatives to have received
     legal opinions from Issuer counsel reasonably acceptable to the
     Representatives relating to the security interests in real and personal
     property granted pursuant to the Security Documents. Such legal opinions
     shall include matters commonly covered in similar transactions.

          (j) The Issuers, the Collateral Trustee and the Trustee shall have
     entered into the Security Documents and the Representatives shall have
     received counterparts, conformed as executed, thereof. The Issuers shall
     have delivered to the Collateral Trustee all property and filings required
     to be required to be delivered thereto pursuant to the Security Documents
     which, in each case, shall be in form and substance acceptable to the
     Representatives and the Representatives shall have received copies thereof.

          (k) The Notes shall be eligible for clearance and settlement through
     The Depository Trust Company.

          (l) Subsequent to the Execution Time, there shall not have been any
     decrease in the rating of any of any Issuers' debt securities by any
     "nationally recognized statistical rating organization" (as defined for
     purposes of Rule 436(g) under the Act) or any notice given of any intended
     or potential decrease in any such rating or of a possible change in any
     such rating that does not indicate the direction of the possible change.

          (m) The Issuers shall have entered into the New Credit Agreement as
     described under "Description of Other Indebtedness" in the Final Memorandum
     and all conditions to the initial funding thereof shall have been satisfied
     or waived. All subsidiaries of the Company that have guaranteed the New
     Credit Agreement as of the Closing Date shall guarantee the Notes and shall
     be parties to this Agreement, the Indenture and the Registration Rights
     Agreement.

                                       17

<PAGE>

          (n) Prior to the Closing Date, the Issuers shall have furnished to the
     Representatives such further information, certificates and documents as the
     Representatives may reasonably request.

          If any of the conditions specified in this Section 6 shall not have
been fulfilled in all material respects when and as provided in this Agreement,
or if any of the opinions and certificates mentioned above or elsewhere in this
Agreement shall not be in all material respects reasonably satisfactory in form
and substance to the Representatives and counsel for the Initial Purchasers,
this Agreement and all obligations of the Initial Purchasers hereunder may be
cancelled at, or at any time prior to, the Closing Date by the Representatives.
Notice of such cancellation shall be given to the Company in writing or by
telephone or facsimile confirmed in writing.

          The documents required to be delivered by this Section 6 will be
delivered at the office of counsel for the Initial Purchasers, at 80 Pine
Street, New York, New York 10005, or at such other location in New York, New
York as the Initial Purchasers shall direct, on the Closing Date.

          7. Reimbursement of Expenses. If the sale of the Securities provided
for herein is not consummated because any condition to the obligations of the
Initial Purchasers set forth in Section 6 hereof is not satisfied, because of
any termination pursuant to Sections 10(i), (ii) or (iii) hereof or because of
any refusal, inability or failure on the part of the Issuers to perform any
agreement herein or comply with any provision hereof other than by reason of a
default by any of the Initial Purchasers, the Issuers will reimburse the Initial
Purchasers severally through Salomon Smith Barney on demand for all
out-of-pocket expenses (including reasonable fees and disbursements of counsel)
that shall have been incurred by them in connection with the proposed purchase
and sale of the Securities.

          8. Indemnification and Contribution. (a) The Issuers, jointly and
severally, agree to indemnify and hold harmless each Initial Purchaser, the
directors, officers, employees and agents of each Initial Purchaser and each
person who controls any Initial Purchaser within the meaning of either the Act
or the Exchange Act against any and all losses, claims, damages or liabilities,
joint or several, to which they or any of them may become subject under the Act,
the Exchange Act or other Federal or state statutory law or regulation, at
common law or otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the
Preliminary Memorandum, the Final Memorandum (or in any supplement or amendment
thereto) or any information provided by the Issuers to any holder or prospective
purchaser of Securities pursuant to Section 5(h), or in any amendment thereof or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, and agrees to reimburse each such
indemnified party, as incurred, for any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action; provided, however, that the Issuers will not
be liable in any such case to the extent that any such loss, claim, damage or
liability arises out of or is based upon any such untrue statement or alleged
untrue statement or omission or alleged omission made in the Preliminary
Memorandum or the Final Memorandum, or in any amendment thereof or supplement
thereto, in reliance upon and in conformity with written information furnished
to the Issuers by or on behalf of any Initial Purchasers through the
Representatives specifically for inclusion therein. This indemnity agreement
will be in addition to any liability which the Issuers may otherwise have.

          (b) Each Initial Purchaser severally and not jointly agrees to
indemnify and hold harmless the Issuers, each of their respective directors,
each of their respective officers, and each person who controls the Issuers
within the meaning of either the Act or the Exchange Act, to the same extent as
the foregoing indemnity from the Issuers to each Initial Purchaser, but only
with reference to written information relating to such Initial Purchaser
furnished to the Issuers by or on behalf of such Initial Purchaser through the
Representatives specifi-

                                       18

<PAGE>

cally for inclusion in the Preliminary Memorandum or the Final Memorandum (or in
any amendment or supplement thereto). This indemnity agreement will be in
addition to any liability which any Initial Purchaser may otherwise have. The
Issuers acknowledge that the statements set forth in the last paragraph of the
cover page regarding the delivery of the Notes, the disclosure on page (i)
concerning stabilization, syndicate covering transactions and penalty bids and,
under the heading "Plan of Distribution", the paragraph related to
stabilization, syndicate covering transactions and penalty bids in the
Preliminary Memorandum and the Final Memorandum, constitute the only information
furnished in writing by or on behalf of the Initial Purchasers for inclusion in
the Preliminary Memorandum or the Final Memorandum (or in any amendment or
supplement thereto).

          (c) Promptly after receipt by an indemnified party under this Section
8 of notice of the commencement of any action, such indemnified party will, if a
claim in respect thereof is to be made against the indemnifying party under this
Section 8, notify the indemnifying party in writing of the commencement thereof;
but the failure so to notify the indemnifying party (i) will not relieve it from
liability under paragraph (a) or (b) above unless and to the extent it did not
otherwise learn of such action and such failure results in the forfeiture by the
indemnifying party of substantial rights and defenses; and (ii) will not, in any
event, relieve the indemnifying party from any obligations to any indemnified
party other than the indemnification obligation provided in paragraph (a) or (b)
above. The indemnifying party shall be entitled to appoint counsel of the
indemnifying party's choice at the indemnifying party's expense to represent the
indemnified party in any action for which indemnification is sought (in which
case the indemnifying party shall not thereafter be responsible for the fees and
expenses of any separate counsel retained by the indemnified party or parties
except as set forth below); provided, however, that such counsel shall be
satisfactory to the indemnified party. Notwithstanding the indemnifying party's
election to appoint counsel to represent the indemnified party in an action, the
indemnified party shall have the right to employ separate counsel (including
local counsel), and the indemnifying party shall bear the reasonable fees, costs
and expenses of such separate counsel if (i) the use of counsel chosen by the
indemnifying party to represent the indemnified party would present such counsel
with a conflict of interest; (ii) the actual or potential defendants in, or
targets of, any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have reasonably concluded
that there may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available to the
indemnifying party; (iii) the indemnifying party shall not have employed counsel
satisfactory to the indemnified party to represent the indemnified party within
a reasonable time after notice of the institution of such action; or (iv) the
indemnifying party shall authorize the indemnified party to employ separate
counsel at the expense of the indemnifying party. An indemnifying party will
not, without the prior written consent of the indemnified parties, settle or
compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not the
indemnified parties are actual or potential parties to such claim or action)
unless such settlement, compromise or consent includes an unconditional release
of each indemnified party from all liability arising out of such claim, action,
suit or proceeding.

          (d) In the event that the indemnity provided in paragraph (a) or (b)
of this Section 8 is unavailable to or insufficient to hold harmless an
indemnified party for any reason, the Issuers and the Initial Purchasers agree
to contribute to the aggregate losses, claims, damages and liabilities
(including legal or other expenses reasonably incurred in connection with
investigating or defending same) (collectively "Losses") to which the Issuers
and one or more of the Initial Purchasers may be subject in such proportion as
is appropriate to reflect the relative benefits received by the Issuers on the
one hand and by the Initial Purchasers on the other from the offering of the
Securities; provided, however, that in no case shall any Initial Purchaser
(except as may be provided in any agreement among the Initial Purchasers
relating to the offering of the Securities) be responsible for any amount in
excess of the placement fee applicable to the Securities purchased by such
Initial Purchaser hereunder. If the allocation provided by the immediately
preceding sentence is unavailable for any reason, the Issuers and the Initial
Purchasers shall contribute in such proportion as is appropriate to reflect not
only such relative

                                       19

<PAGE>

benefits but also the relative fault of the Issuers on the one hand and of the
Initial Purchasers on the other in connection with the statements or omissions
which resulted in such Losses, as well as any other relevant equitable
considerations. Benefits received by the Issuers shall be deemed to be equal to
the total net proceeds from the offering (before deducting expenses) received by
it, and benefits received by the Initial Purchasers shall be deemed to be equal
to the total placement fee, as set forth on the cover of the Final Memorandum
and in the purchase agreement relating to the Securities, respectively. Relative
fault shall be determined by reference to, among other things, whether any
untrue or any alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information provided by the
Issuers on the one hand or the Initial Purchasers on the other, the intent of
the parties and their relative knowledge, information and opportunity to correct
or prevent such untrue statement or omission. The Issuers and the Initial
Purchasers agree that it would not be just and equitable if contribution were
determined by pro rata allocation or any other method of allocation which does
not take account of the equitable considerations referred to above.
Notwithstanding the provisions of this paragraph (d), no person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section 8, each person who
controls an Initial Purchaser within the meaning of either the Act or the
Exchange Act and each director, officer, employee and agent of an Initial
Purchaser shall have the same rights to contribution as such Initial Purchaser,
and each person who controls any Issuer within the meaning of either the Act or
the Exchange Act and each officer and director of any Issuer shall have the same
rights to contribution as the Issuers, subject in each case to the applicable
terms and conditions of this paragraph (d).

          9. Default by an Initial Purchaser. If any one or more Initial
Purchasers shall fail to purchase and pay for any of the Notes agreed to be
purchased by such Initial Purchaser hereunder and such failure to purchase shall
constitute a default in the performance of its or their obligations under this
Agreement, the remaining Initial Purchasers shall be obligated severally to take
up and pay for (in the respective proportions which the amount of Notes set
forth opposite their names in Schedule I hereto bears to the aggregate amount of
Notes set forth opposite the names of all the remaining Initial Purchasers) the
Notes which the defaulting Initial Purchaser or Initial Purchasers agreed but
failed to purchase; provided, however, that in the event that the aggregate
amount of Notes which the defaulting Initial Purchaser or Initial Purchasers
agreed but failed to purchase shall exceed 10% of the aggregate amount of Notes
set forth in Schedule I hereto, the remaining Initial Purchasers shall have the
right to purchase all, but shall not be under any obligation to purchase any, of
the Notes, and if such nondefaulting Initial Purchasers do not purchase all the
Notes, this Agreement will terminate without liability to any nondefaulting
Initial Purchaser or the Issuers. In the event of a default by any Initial
Purchaser as set forth in this Section 9, the Closing Date shall be postponed
for such period, not exceeding five Business Days, as the Representatives shall
determine in order that the required changes in the Final Memorandum or in any
other documents or arrangements may be effected. Nothing contained in this
Agreement shall relieve any defaulting Initial Purchaser of its liability, if
any, to the Issuers or any nondefaulting Initial Purchaser for damages
occasioned by its default hereunder.

          10. Termination. This Agreement shall be subject to termination in the
absolute discretion of the Representatives, by notice given to the Company prior
to delivery of and payment for the Notes, if at any time prior to such time (i)
trading in any of the Company's securities shall have been suspended by the
Commission or the New York Stock Exchange; (ii) trading in securities generally
on the New York Stock Exchange shall have been suspended or limited or minimum
prices shall have been established on such Exchange; (iii) a banking moratorium
shall have been declared either by Federal or New York State authorities; or
(iv) there shall have occurred any outbreak or escalation of hostilities,
declaration by the United States of a national emergency or war or other
calamity or crisis the effect of which on financial markets is such as to make
it, in the sole judgment of the Representatives, impracticable or inadvisable to
proceed with the offering or delivery of the Notes as contemplated by the Final
Memorandum (exclusive of any amendment or supplement thereto).

                                       20

<PAGE>

          11. Representations and Indemnities to Survive. The respective
agreements, representations, warranties, indemnities and other statements of the
Issuers or their respective officers and of the Initial Purchasers set forth in
or made pursuant to this Agreement will remain in full force and effect,
regardless of any investigation made by or on behalf of the Initial Purchasers
or the Issuers or any of the officers, directors or controlling persons referred
to in Section 8 hereof, and will survive delivery of and payment for the Notes.
The provisions of Sections 5(n), 7 and 8 hereof shall survive the termination or
cancellation of this Agreement.

          12. Notices. All communications hereunder will be in writing and
effective only on receipt, and, if sent to the Representatives, will be mailed,
delivered or telefaxed to the Salomon Smith Barney General Counsel (fax no.:
(212) 816-7912) and confirmed to the General Counsel, Salomon Smith Barney at
388 Greenwich Street, New York, New York 10013, Attention: General Counsel; with
a copy to Michael E. Michetti, Esq., Cahill Gordon & Reindel, 80 Pine Street,
New York, New York 10005; or, if sent to the Issuers, will be mailed, delivered
or telefaxed to the FMC Corporation General Counsel (fax no.: (215) 299-6728)
and confirmed to the General Counsel, FMC Corporation, 1735 Market Street,
Philadelphia, Pennsylvania 19103, with a copy to Peter S. Sartorius, Esq.,
Morgan Lewis & Bockius LLP, 1701 Market Street, Philadelphia, Pennsylvania
19103.

          13. Successors. This Agreement will inure to the benefit of and be
binding upon the parties hereto and their respective successors and the officers
and directors and controlling persons referred to in Section 8 hereof, and,
except as expressly set forth in Section 5(h) hereof, no other person will have
any right or obligation hereunder.

          14. Applicable Law. This Agreement will be governed by and construed
in accordance with the laws of the State of New York applicable to contracts
made and to be performed within the State of New York.

          15. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original and all of which
together shall constitute one and the same instrument.

          16. Headings. The section headings used herein are for convenience
only and shall not affect the construction hereof.

          17. Agent for Service; Submission to Jurisdiction; Waiver of
Immunities. By the execution and delivery of this Agreement, (i) the Company
acknowledges that it is qualified to do business in the State of New York, (ii)
each Guarantor irrevocably designates and appoints the Company as its authorized
agent upon which process may be served in any suit or proceeding arising out of
or relating to this Agreement that may be instituted in any federal or state
court in the State of New York or brought under federal or state securities
laws, and the Company accepts such designation, (iii) the Company and each
Guarantor submits to the nonexclusive jurisdiction of any such court in any such
suit or proceeding, and agrees that service of process upon its authorized
agent, existing due to the facts mentioned in clause (i) or specifically
mentioned in clause (ii), as applicable, and written notice of said service to
it shall be deemed in every respect effective service of process upon it in any
such suit or proceeding. The Company and each Guarantor further agrees to take
any and all action, including the execution and filing of any and all such
documents and instruments, as may be necessary to continue such qualifications
or designations and appointments in full force and effect so long as any of the
Securities shall be outstanding.

          18. Definitions. The terms which follow, when used in this Agreement,
shall have the meanings indicated.

                                       21

<PAGE>

          "Act" shall mean the Securities Act of 1933, as amended, and the rules
and regulations of the Commission promulgated thereunder.

          "Affiliate" shall have the meaning specified in Rule 501(b) of
Regulation D.

          "Business Day" shall mean any day other than a Saturday, a Sunday or a
legal holiday or a day on which banking institutions or trust companies are
authorized or obligated by law to close in The City of New York.

          "Commission" shall mean the Securities and Exchange Commission.

          "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "Execution Time" shall mean, the date and time that this Agreement is
executed and delivered by the parties hereto.

          "Investment Company Act" shall mean the Investment Company Act of
1940, as amended, and the rules and regulations of the Commission promulgated
thereunder.

          "NASD" shall mean the National Association of Securities Dealers, Inc.

          "Regulation D" shall mean Regulation D under the Act.

          "Regulation S" shall mean Regulation S under the Act.

          "Salomon Smith Barney" shall mean Salomon Smith Barney Inc.

          "Trust Indenture Act" shall mean the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Commission promulgated thereunder.

                                       22

<PAGE>

          If the foregoing is in accordance with your understanding of our
agreement, please sign and return to us the enclosed duplicate hereof, whereupon
this Agreement and your acceptance shall represent a binding agreement between
you and the several Initial Purchasers.

                              Very truly yours,

                              FMC Corporation

                              By:
                                  ----------------------------------------------
                                  Name: Thomas C. Deas, Jr.
                                  Title:Treasurer

                              Intermountain Research and Development Corporation
                              FMC Asia-Pacific, Inc.
                              FMC Overseas, Ltd.
                              FMC Funding Corporation
                              FMC WFC I, Inc.
                              FMC Defense Corp.
                              FMC WFC II, Inc.
                              FMC Properties LLC
                              FMC Defense NL, L.L.C.
                              FMC WF I NL, L.L.C.
                              FMC Idaho LLC

                              By:
                                  ----------------------------------------------
                                  Name: Thomas C. Deas, Jr.
                                  Title:Authorized Signatory

                                      S-1

<PAGE>

The foregoing Agreement is hereby
confirmed and accepted as of the
date first above written.

Salomon Smith Barney Inc.
Banc of America Securities LLC
Wachovia Securities, Inc.
ABN AMRO Incorporated
NatCity Investments, Inc.

By: Salomon Smith Barney Inc.

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

For themselves and the other several Initial
Purchasers named in Schedule I to
the foregoing Agreement.

                                      S-2

<PAGE>

                                   SCHEDULE I

                                                             Principal Amount of
                                                                    Notes
              Initial Purchasers                               To Be Purchased
              ------------------                             -------------------
Salomon Smith Barney Inc. ..........................   US$       133,125,000
Banc of America Securities LLC......................             133,125,000
Wachovia Securities, Inc. ..........................              44,375,000
ABN AMRO Incorporated...............................              35,500,000
NatCity Investments, Inc. ..........................               8,875,000
                                                                 -----------
   Total............................................   US$       355,000,000
                                                                 ===========

<PAGE>

                                                                       EXHIBIT A

                       Selling Restrictions for Offers and
                         Sales outside the United States

          1. (a) The Notes have not been and will not be registered under the
Act and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons except in accordance with Regulation S under
the Act or pursuant to an exemption from the registration requirements of the
Act. Each Initial Purchaser represents and agrees that, except as otherwise
permitted by Section 4(a)(i) of the Agreement to which this is an exhibit, it
has offered and sold the Notes, and will offer and sell the Notes, (i) as part
of their distribution at any time; and (ii) otherwise until 40 days after the
later of the commencement of the offering and the Closing Date, only in
accordance with Rule 903 of Regulation S under the Act. Accordingly, each
Initial Purchaser represents and agrees that neither it, nor any of its
Affiliates nor any person acting on its or their behalf has engaged or will
engage in any directed selling efforts with respect to the Notes, and that it
and they have complied and will comply with the offering restrictions
requirement of Regulation S. Each Initial Purchaser agrees that, at or prior to
the confirmation of sale of Notes (other than a sale of Notes pursuant to
Section 4(a)(i) of the Agreement to which this is an exhibit), it shall have
sent to each distributor, dealer or person receiving a selling concession, fee
or other remuneration that purchases Notes from it during the distribution
compliance period a confirmation or notice to substantially the following
effect:

          "The Notes covered hereby have not been registered under the
          U.S. Securities Act of 1933 (the "Act") and may not be
          offered or sold within the United States or to, or for the
          account or benefit of, U.S. persons (i) as part of their
          distribution at any time or (ii) otherwise until 40 days
          after the later of the commencement of the offering and
          October 21, 2002, except in either case in accordance with
          Regulation S or Rule 144A under the Act. Terms used above
          have the meanings given to them by Regulation S."

          (b) Each Initial Purchaser also represents and agrees that it has not
     entered and will not enter into any contractual arrangement with any
     distributor with respect to the distribution of the Notes, except with its
     Affiliates or with the prior written consent of the Company.

          (c) Terms used in this section have the meanings given to them by
     Regulation S.

          2. Each Initial Purchaser represents and agrees that it has (i) not
offered or sold, and, prior to the expiry of six months from the closing of the
offering of the Securities will not offer or sell, any Securities to persons in
the United Kingdom except to persons whose ordinary activities involve them in
acquiring, holding, managing or disposing of investments, whether as principal
or agent, for purposes of their businesses or otherwise in circumstances which
have not resulted and will not result in an offer to the public in the United
Kingdom within the meaning of the Public Offers of Securities Regulations 1995,
(ii) complied and will comply with all applicable provisions of the Financial
Services and Markets Act 2000 (the "FSMA") and the Public Offers of Securities
Regulations 1995 with respect to anything done by it in relation to the
Securities in, from or otherwise involving the United Kingdom and (iii) only
communicated or caused to be communicated and will only communicate or cause be
communicated any invitation or inducement to engage in investment activity
(within the meaning of the FSMA) received by it in connection with the issue or
sale of any Securities in circumstances in which section 21(1) of the FSMA does
not apply to the Issuers.

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