Document:

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                                                                    EXHIBIT 4.23

[*] designates portions of this document that have been omitted pursuant to a
request for confidential treatment to be filed separately with the Commission.

                              TRANSACTION AGREEMENT

This Transaction Agreement ("AGREEMENT") is made at Chennai as of the 16th day
of July, 2002, (EXECUTION DATE) amongst:

WIPRO LIMITED, a company incorporated and existing under the Indian Companies
Act, 1913 having its registered office at Doddakannelli, Sarjapur Road,
Bangalore - 560 035 acting through its Infotech division (hereinafter referred
to as "WIPRO" which expression shall unless repugnant to the meaning and context
thereof be deemed to include its successors and permitted assigns);

AND

SATYAM INFOWAY LIMITED, a Company incorporated under the Companies Act 1956,
having its Registered Office at Mayfair Centre, 1-8-303/36, S.P.Road,
Secunderabad - 500003 and its Corporate Office at Tidel Park 2nd floor, No.4,
Canal Bank Road, Taramani, Chennai - 600113 (hereinafter referred to as "SIFY"
which expression shall include its successors and permitted assigns), a
subsidiary of Satyam Computers Services Ltd of the other Part;

WHEREAS:

1.      Wipro is a software services company, a major player in the IT services,
        solutions and technology service space. Wipro is inter alia an Internet
        Service Provider (ISP), which business is being pursued under a valid
        ISP license from the Department of Telecommunications, Ministry of
        Communications, Government of India.

2.      Wipro has entered into Service Level Agreements with Customers to
        provide various ISP related Services and as on the date of this
        Agreement Wipro has entered into agreements with 234 customers for
        providing various services there under.

3.      SIFY is also an Internet Service Provider holding a valid Internet
        Service Provider License issued by the Department of Telecommunications,
        Ministry of Communications, Government of India and is in the business
        of providing ISP related Services.

4.      Wipro proposes to transfer its Customers together with the rights and
        liabilities under the Service Level Contracts and SIFY proposes to
        accept the Customers together with the rights and liabilities under the
        Service Level Contracts by way of Novation of Service Level Contracts
        and Parties herein have entered into a Memorandum of Understanding dated
        21st June 2002, recording preliminary understanding between the Parties.

5.      Parties now proposes to effect a seamless and convenient customer
        transfer by entering into these presents which would set out the
        contractual rights and obligations of the Parties.

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NOW, THEREFORE, in consideration of the premises and of the mutual covenants and
agreements set forth in this Agreement, the Parties hereto agree as follows:

                                   ARTICLE - I
                         DEFINITIONS AND INTERPRETATION

1.      In this Agreement, unless the context otherwise requires, the following
        terms shall have the following meanings:

        "AFFILIATE" means, with respect to any entity, another Person which
        controls, is controlled by or is under common control with such entity.
        For the purpose of this definition, "CONTROL" includes the possession,
        directly or indirectly, of the power to constitute the majority of the
        Board of Directors of an entity or to direct or cause the direction of
        the management policies of a Person whether through the ownership of the
        voting securities of such Person or by contract or otherwise.

        "AGREEMENT" means this Transaction Agreement including all Annexures,
        Schedules and Exhibits hereto and any written modifications thereto.

        "APPLICATION DOCUMENTS" means the applications to be made by SIFY to any
        Governmental Authorities including the DoT for obtaining necessary
        approval for servicing the Customers pursuant to transfer.

        "BOARD OF DIRECTORS" OR "BOARD" mean the Board of Directors of the
        Company.

        "BUSINESS" means business of providing ISP services in terms of SLA.

        "BUSINESS DAY" means any day except a Saturday, Sunday or other day on
        which commercial banks in Bangalore, India are authorized or permitted
        by Law to close.

        "CHARTER DOCUMENTS" means Memorandum of Association and Articles of
        Association of Wipro or SIFY as the case may be.

        "COMPLETION DATE" means date on which Parties have completed the
        Customer transfer as envisaged under this Agreement by execution of
        Novation Agreement by parties and Customer; and SIFY providing Customer
        Last Mile Connectivity to the Customer and in any case not later than
        September 30,2002.

        "CONFIDENTIAL INFORMATION" means information delivered by a Party to
        another Party in connection with the Transactions that is proprietary in
        nature and that was clearly marked or labeled or otherwise adequately
        identified when received by such Party as being confidential information
        of such delivering Party, provided that such term does not include
        information that (a) was publicly known or otherwise known to such
        receiving Party prior to the time of such disclosure, (b) subsequently

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        becomes publicly known through no act or omission by such receiving
        Party or any Person acting on such Party's behalf, or (c) otherwise
        becomes known to such receiving Party other than through disclosure by
        the delivering Party or any Person with a duty to keep such information
        confidential.

        "CORPORATE APPROVALS" means each of the internal approvals obtained by
        Wipro, and SIFY respectively to execute this Agreement as well as pursue
        Closing.

        "CUSTOMER" means Persons who have entered into SLA with Wipro for
        availing ISP related services and more particularly listed in Schedule
        I.

        "CUSTOMER LAST MILE CONNECTIVITY" means providing connectivity between
        respective Customer location and SIFY POP.

        "DoT" means Department of Telecommunications, Ministry of
        Communications, Government of India.

        "EACH PARTY" means individually each of the parties to the Agreement.

        "EXECUTION DATE " means the date on which this Agreement is signed.

        "GOVERNMENTAL APPROVAL" means any consent of or permission of any
        Governmental Authority.

        "GOVERNMENTAL AUTHORITY" means any relevant department Government of
        India such as Department of Telecommunications and Telecom Regulatory
        Authority of India, or any other political subdivision thereof; any
        entity, authority or body under control of Government of India and
        exercising executive, legislative, judicial, regulatory or
        administrative functions of or pertaining to government, including any
        government authority, agency, department, board, commission,
        instrumentality of India or Companies where Government of India is a
        major Shareholder as the case may be, or any political subdivision
        thereof; any court, tribunal or arbitrator; and any self-regulatory
        organization and includes the Bharat Sanchar Nigam Limited (BSNL) and
        Mahanagar Telephone Nigam Limited (MTNL).

        "ISP" means Internet Service Provider providing service to Customers in
        terms of license issued by DoT, Ministry of Communications, Government
        of India.

        "LAW" means all applicable provisions of all (a) constitutions,
        treaties, statutes, laws (including the common law), codes, rules,
        regulations, ordinances or orders of any Governmental Authority, (b)
        governmental approvals and (c) orders, decisions, injunctions,
        judgments, awards and decrees of or agreements with any Governmental
        Authority.

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        "NOVATION" means introduction of SIFY as Service Provider in the
        respective SLA with the Customer, by substituting SIFY as Service
        provider in the place of Wipro, without alteration of any of the terms
        of Service by way of a Novation Agreement to be executed by and between
        Parties and the respective Customer, and once executed will have the
        effect of extinguishing the SLA vis a vis Wipro in terms of s.62 of
        Indian Contract Act, 1872.

        "OPERATING COST" mean Internet bandwidth, Inter city bandwidth, ISDN
        dial out cost, dial back up cost, OFC charges to BSNL, MTNL, rent of
        POPs, electricity charges, security charges, leased line, telephone line
        maintenance charges, telephone expenses of the POPs, diesel charges for
        running generators, hire charges of generators, salaries, conveyance and
        staff welfare expenses of people deployed in nodes for operating nodes
        and handling customer support, office maintenance expenses of POPs.

        Operating cost shall not include depreciation costs, salary and expenses
        related to sales and back office people, maintenance contract for
        hardware and software and expenses incurred in recovery of money from
        customers.

        "PARTY OR PARTIES" means the parties to this Agreement, and Party shall
        mean any one of them.

        "PERSON" or "PERSONS" means any natural person, firm, partnership,
        association, corporation, company, trust, business trust, Governmental
        Authority or other entity.

        "PHYSICAL TRANSFER" means direct connection established between SIFY and
        the Customer locations for all services covered under the Novation
        agreement, independent of Wipro infrastructure.

        "POP" means Point of Presence.

        "REPRESENTATIVES" means, as to any Person, its accountants, counsel,
        consultants (including actuarial, and industry consultants), officers,
        directors, employees, agents and other advisors and representatives.

        "SERVICES" means various ISP related services provided or to be provided
        to the Customer by Wipro or SIFY as the case may be under the SLA.

        "SERVICE REVENUE" or "REVENUE" means and includes all moneys payable by
        the Customer for availing the service including Statutory Levies if any
        for the month of June 2002 under US GAAP and orders received, pending
        and/or in the course of execution, but does not include secured deposit
        or any amount refundable to the Customer.

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        "SLA" means Service Level Agreements and Legal Agreements executed by
        and between the Wipro and respective Customers for providing ISP related
        Services and specified in Schedule I.

        "TELECOM SERVICE PROVIDER" means any telecom service provider licensed
        by DoT, to provide the telecom related services.

        "THIRD PARTY" means any person other than Wipro and SIFY.

        "TRAI" means Telecom Regulatory Authority of India.

        "TRANSITION PERIOD" means period commencing from July 01, 2002 to
        September 30, 2002.

        "TRANSACTION" means transaction of transfer of Customer pursuant to this
        Agreement.

        "US GAAP" means United States Generally Accepted Accounting Principles.

        "VPN SERVICE" mean Virtual Private Network.

1.2     OTHER DEFINITIONS

        In addition to the terms defined in Article 1.1, certain other
        Capitalized terms are defined elsewhere in this Agreement and whenever
        such terms are used in this Agreement they shall have their respective
        defined meanings, unless the context expressly or by necessary
        implication otherwise requires.

1.3     INTERPRETATION:

        (a)    Reference to Articles, Recitals, Annexures, Schedules and
               Exhibits are references respectively to articles, recitals,
               annexures, schedules and exhibits to this Agreement.

        (b)    For the purpose of this Agreement, where the context so admits,
               the singular shall be deemed to include the plural and
               vice-versa.

        (c)    References to any document being in agreed terms are to that
               document in the form signed on behalf of the Parties for
               identification.

        (d)    The headings and sub-headings are inserted for convenience only
               and shall not affect the construction of this Agreement.

        (e)    Except where the context requires otherwise, references to
               statutory provisions shall be construed as references to those
               provisions as respectively amended or re-enacted or as their
               application is modified by other provisions (whether before or
               after the date hereof) from time to time.

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                                    ARTICLE 2
                                CUSTOMER TRANSFER

2.1     Subject to the payment of consideration specified in Article 3, and the
        terms and conditions contained herein, Wipro hereby transfer and assign
        the Customers of its Business more particularly identified in Schedule 1
        of this Agreement to SIFY and SIFY hereby accept, take on and service
        the Customers together with all rights and liabilities under the
        respective SLA entered into by the Customer with Wipro.

2.2     Parties hereby agree that the Customer transfer shall be subject to
        Wipro obtaining proper and valid Novation of SLA in favour of SIFY and
        such transfer shall take effect simultaneously upon execution of the
        Novation Agreement between the Parties and the Customer.

2.3     Immediately upon execution of Novation Agreement between the parties and
        the Customer, SIFY shall provide Service to Customers as specified under
        the SLA on sole basis. SIFY will use the infrastructure of Wipro and
        Wipro agrees to provide such infrastructure for providing service till
        the Physical Transfer of customers as per the terms of this agreement.
        However, it shall be the responsibility of SIFY to ensure that the
        Physical Transfer takes place immediately after execution of Novation
        Agreement and in any case, not later than the Completion Date.

2.4     Wipro had agreed to Service the Customers as per the terms and
        conditions of SLA's entered into by and between Wipro and the respective
        Customers details of which are listed out in Schedule 1 to this
        Agreement. Simultaneously upon execution of the Novation Agreement, SIFY
        shall substitute Wipro as service provider and performing party under
        the SLA and Service the Customers in strict adherence to the terms and
        conditions specified in the SLA and shall consequently accept all rights
        and obligations under the SLA as if SIFY is the service provider and
        performing party under the respective SLA's. SIFY shall provide such
        Service to the transferred Customers in conformity with the DoT Licence,
        TRAI guidelines and any other rules and regulations issued by the
        Governmental Authorities from time to time in this regard.

2.5     Consequent upon execution of each Novation Agreement, Wipro shall cease
        to operate as Service provider vis a vis the respective Customer and
        such Novation shall have the effect of extinguishment of all Service
        obligations undertaken by Wipro under respective SLA.

2.6     Any stamp duty in India arising in respect of transfer of the Customer
        by Wipro shall be borne by SIFY.

2.7     The Parties agree that it will be the joint responsibility of SIFY and
        Wipro, to obtain the Governmental Approval, if any, for Customer
        transfer. However obtaining Government Approvals, for continuation of
        business post Novation, shall be the sole responsibility of SIFY.
        Parties shall therefore in good faith co-operate with each other in the
        preparation of the

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        Application Documents to the Governmental Authorities to obtain relevant
        Governmental Approval.

2.8     Each of the Parties shall do all such things and execute all such
        documents as may be required to give effect to the transfer and Novation
        contemplated herein.

2.9     SIFY shall accept all the Customers who have agreed to transfer by
        execution of Novation Agreement in accordance with the terms of this
        Agreement, except the following:

        a.     As on July 01, 2002, the Customer, has not paid outstanding dues
               to Wipro for Services provided under SLA for a period exceeding
               90 days from the date such amount has become due.

        b.     Customer is an ISP that does not have an ITSP license as per
               Government Regulations.

        c.     Customer has subscribed for internet bandwidth services and the
               service terms for internet bandwidth service offered currently by
               Wipro under the SLA is in deviation from that offered by SIFY,
               and that the Customer is not agreeable to the internet bandwidth
               service terms offered by SIFY.

        In respect of Customers specified in 2.9(a) to (c), SIFY shall have an
        option either to accept them or not. However, SIFY shall exercise the
        Option any time on or before July 31, 2002.

                                    ARTICLE 3
                     CONSIDERATION FOR TRANSFER OF CUSTOMERS

3.1     Upon execution of each Novation Agreement and transfer of Customer there
        under, Wipro shall be entitled to a consideration from SIFY as per the
        formula given below:

               a)  In respect of VPN services, consideration payable to Wipro in
                   respect of a Customer shall be a sum equal to [*]% of the [*]
                   times Service Revenue of the Customer and

               b)  In respect of other services, consideration payable to Wipro
                   in respect of a Customer shall be a sum equal to [*]% of the
                   [*] times Service Revenue of the Customer.

        The consideration as provided under Article 3.1 shall become due and
        payable as on the date of execution of Novation Agreement by the Parties
        and the Customer.

3.2     Immediately upon execution of this Agreement, SIFY shall pay a sum of
        Rs.[*] million to Wipro, which amount shall be adjusted against the
        consideration payable by SIFY to Wipro under Article 3.1. If the
        entitlement of Wipro under Article 3.1 exceeds Rs.[*] Million, SIFY
        shall make prompt payments to Wipro as and when they become due, subject
        to the maximum amount specified in Article 3.3. However, if the total
        entitlement of Wipro under Article 3.1 is less than Rs.[*] Million, then
        Wipro

<PAGE>

        shall return the balance amount to SIFY within 15 days after [*] or such
        other extended period as agreed by and between the Parties.

        Any failure to make payments by the Party, after such payment have
        become due and payable, shall attract an interest at the rate of [*] %
        per annum.

3.3     Parties agree that the total consideration payable by SIFY towards
        Customer transfer as specified in Article 3.1 above shall not exceed an
        aggregate sum of Rs. [*] Million and no further amounts will be payable
        by SIFY to Wipro under Article 3.1.

                                    ARTICLE 4
                      INTERLINKING WIPRO POP WITH SIFY POP

4.1     Immediately upon execution of this Agreement, SIFY shall interlink
        `Wipro POP' with `SIFY POP' in 30 locations specified in Schedule 2 on
        need basis to ensure seamless and convenient Customer transfer. Not
        later than 10 days from the date of this Agreement, the Parties shall
        mutually agree in writing location-wise time schedule for completion of
        interlinking of POP's as above.

4.2     SIFY shall obtain necessary approval for interlinking from Governmental
        Authorities and expedite the line connectivity.

4.3     SIFY shall maintain interlinking as specified above until the Completion
        Date, ensuring proper and effective Customer satisfaction in respect of
        Services under SLA.

4.4     Until 30th September 2002, SIFY shall pay all expenses direct and
        indirect incurred either by itself or by Wipro, in connection with
        establishing and maintaining the Wipro and SIFY POP interlinks in all
        locations specified in schedule 2 to this Agreement, subject to the
        maximum amounts specified in Article 7.3. After September 30, 2002, all
        direct and indirect costs in connection with the provision of service as
        stipulated under the SLA to the customers who have agreed to transfer by
        execution of Novation agreement (whether Physical Transfer has been
        effected or not) shall be incurred by SIFY.

                                    ARTICLE 5
                                 NOVATION OF SLA

5.1     Wipro shall transfer the Customers specified in Part A of Schedule 1 to
        SIFY by way of Novation of SLA as provided herein.

5.2     Notwithstanding other provisions in this Agreement, Customers listed in
        part B of Schedule 1, shall continue to remain as customer of Wipro, but
        however subject to Wipro sub-contracting infrastructure from SIFY on a
        Preferred Partner basis as envisaged under Article 12. The terms of the

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        sub-contract will be negotiated between the parties separately. If the
        Customer is not agreeable to Wipro front ending the Services, then the
        said Customer will be given an Option either to accept SIFY as service
        provider by way of Novation of SLA or termination of SLA as per Article
        5.4 here under.

5.3     Novation Agreement to be obtained from the Customers shall be as per the
        format enclosed in Annexure 3. Wipro and SIFY shall execute the Novation
        Agreement in respect of SLA for the respective Customer specified in
        Schedule 1, and thereafter Wipro shall approach the Customer for
        execution of Novation Agreement. Novation of SLA in favour of SIFY shall
        become final and binding on the Parties as on the date of execution of
        Novation Agreement by the Customer

5.4     If the Customer is not agreeable to execute the Novation Agreement and
        accept SIFY as service provider, then Wipro shall issue notice of
        termination to such Customers as per termination provisions of the
        respective SLA and thereafter terminate the SLA. Wipro shall issue
        notice of termination immediately after customer intimating its refusal
        to Wipro and in any case before the Completion Date.

                                    ARTICLE 6
                         CUSTOMER LAST MILE CONNECTIVITY

6.1     Upon execution of Novation Agreement by the Customer, SIFY shall
        forthwith provide, Customer Last Mile Connectivity from SIFY POP to
        Customer location, but in any case not later than September 30, 2002.

6.2     At present, the Customer locations are connected to Wipro POP either
        through dial up (Public Switch Telephone Network, Integrated Switch Dial
        Network) connectivity or leased line connectivity. In respect of dial up
        Customers, SIFY shall provide Customer Last Mile Connectivity by
        providing the Customer relevant dial in number of SIFY and routing
        configuration as applicable. In respect of customers with leased line
        connectivity, SIFY shall provide Customer Last Mile Connectivity by:

               a.     Procuring application and letter from the Customer for
                      transfer of the "B" end from Wipro to SIFY;

               b.     Making Payment of transfer fee if any, for transfer of
                      line and any other payments for increase in distance from
                      Customer location to SIFY POP that may be levied by any
                      Telecom Service Provider for and on behalf of the
                      Customer;

               c.     Applying for fresh lines for and on behalf of the Customer
                      with Telecom Service Provider, in those cases where the
                      existing lines are in the name of Wipro; and

               d.     Commission the lines for Customer Last Mile Connectivity
                      and start providing Service to Customers.

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6.3     Customer lines will be shifted as and when Customer last Mile
        Connectivity is commissioned by SIFY. However, Wipro shall continue to
        maintain the intercity links and POP after the Completion Date in order
        to service those Customers who have been served notice of termination of
        Services and on a notice period prior to such termination.

6.4     Parties agree that as part of the Transaction, Customer will be moved
        from being entirely in the Wipro POP Network to both Wipro and SIFY
        Network and as and when Customer Last Mile Connectivity is established
        by SIFY, the Customer will migrate fully to SIFY POP Network. Parties
        shall in good faith do and cause to be done every act to ensure a
        seamless and convenient customer migration.

6.5     Wipro shall remit to SIFY all refunds, if any, received by
        Wipro/Customer from MTNL/BSNL/Private Operator towards cancellation of
        last mile connectivity between Customer & Wipro.

                                    ARTICLE 7
                     TRANSFER OF REVENUE AND OPERATING COST
                            DURING TRANSITION PERIOD

7.1     Simultaneously with the transfer of Customers, Wipro will transfer to
        SIFY, Revenues if any earned from the Customer by Wipro with effect from
        July 01, 2002 and the unutilized balance of advance quarterly rental
        charges or any other advance charges for Services collected by it from
        the Customer in advance, and forming part of charges for Services
        provided by SIFY to the Customer under the arrangement envisaged herein.
        Any charges collected by SIFY from the Customer at any time for services
        provided by Wipro shall be refunded to Wipro.

7.2     Any service tax liabilities relating to Revenues retained by Wipro shall
        be borne by Wipro.

7.3     During the Transition Period SIFY shall pay [*] Operating costs incurred
        by Wipro in respect of the conduct of Business that is directly related
        to provision of Service to the transferred Customers which shall be at
        [*], but not exceeding [*]% of the Revenues for VPN service and [*]% of
        Revenue for other services. SIFY shall incur Operating costs as above
        for all Customers transferred to SIFY up to [*]. However during the
        Transition Period costs in excess of the above shall be borne by Wipro.

7.4     After the Transition Period, SIFY shall bear all expenses in connection
        with servicing the customers who have agreed for transfer to SIFY
        (whether actually transferred or not), in accordance with the terms of
        Service agreed under SLA.

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                                    ARTICLE 8
                               TRANSFER OF ASSETS

8.1     Within 7 days from the Execution Date, SIFY shall identify such assets
        that are used by Wipro for its Business and are, in SIFY's opinion, of
        possible use to SIFY. SIFY shall thereafter negotiate with Wipro for
        transfer of these assets to SIFY at book value. The transfer of assets
        shall be subject to entering into definitive agreements as well as the
        terms and conditions contained therein. Wipro shall provide all material
        information requested by SIFY on the assets to facilitate the decision.

8.2     Subject to the Customers in the respective locations agreeing to
        transfer to SIFY, Wipro shall sell and SIFY shall buy POP at Guntur and
        Haldia in accordance with the terms and conditions of transfer to be
        mutually agreed by and between the Parties.

8.3     All Statutory levies in connection with the transfer of assets as above
        shall be borne by SIFY.

                                    ARTICLE 9
                             ASSUMPTION OF LIABILITY

9.1     Wipro shall be and is liable for all liabilities and obligations in
        respect of or relating to the Service until the date Wipro was offering
        Service directly to the Customer and in any case not later than
        Completion Date.

9.2     SIFY shall be and is liable for all liabilities and obligations arising
        out of or relating to the Service provided by SIFY to the Customer and
        shall discharge such liability /obligations without any recourse to
        Wipro whatsoever.

9.3     Immediately after execution of the Novation Agreement, SIFY shall
        directly bill the Customer for services provided by SIFY to the Customer
        and Wipro shall not be responsible for any non-payment or delayed
        payments by the Customer and SIFY shall be solely responsible for all
        obligations under the SLA.

9.4     Costs incurred by transferred Customers to migrate from Wipro network to
        SIFY network shall be borne by SIFY. The cost would include cost of
        transfer of leased line, additional cost to be incurred for one year as
        a result of increase in the distance of the last mile and new last mile
        to be provisioned where the current links are in the name of Wipro.
        Wipro will remit to SIFY all refunds received by Wipro towards
        cancellation of Customer last mile.

9.5     In the event of transfer of Customer being delayed after execution of
        Novation Agreement on account of any act or omission of the Customer or
        due to any act or omission of SIFY then all costs, expenses that are of
        direct consequence of such delay shall be to the account of SIFY. In the
        event of transfer of Customer being delayed before execution of Novation
        Agreement due to any act or omission of Wipro, then all costs,

<PAGE>

        expenses that are of direct consequence of such delay shall be to the
        account of Wipro.

                                   ARTICLE 10
                                 COMPLETION DATE

10.1    Wipro and SIFY shall complete the Customer transfer by execution of
        Novation Agreement and providing Customer Last Mile Connectivity on or
        before September 30, 2002. All direct and indirect costs in connection
        with the provision of Service as stipulated under the SLA to the
        customers who have agreed to transfer by execution of Novation Agreement
        or considering execution of Novation Agreement (whether actually
        transferred or not) shall be incurred by SIFY after September 30,2002.

                                   ARTICLE 11
                              RESTRICTIVE COVENANTS

11.1    For a period of 12 months commencing from the date of this Agreement,
        either SIFY or its Affiliates shall not negotiate, or enter into
        Agreements either directly or indirectly with any of the Customers
        specified in Schedule I, to provide services similar to the services to
        be performed by SIFY under the proposed transaction otherwise than
        through the arrangements/mechanisms provided herein. However this
        restriction shall not be applicable to SIFY in following cases:

               a)  to provide services that are outside the scope of SLA

               b)  on expiry of the period of SLA in normal course otherwise
                   than through termination.

11.2    For a period of 12 months commencing from the Execution Date, Parties
        shall not directly or indirectly, recruit, hire, engage or attempt to
        recruit, hire or engage or discuss employment with or otherwise utilize
        the services in any capacity of any person who had been an employee or
        associate of the other Party in respect of its Business, without the
        prior written consent of the other party.

11.3    During the period of 24 months from the Execution Date, Wipro shall not
        compete with SIFY by engaging in the business of providing Internet
        Access, VPN, Data Center Facility with the ISP license within India by
        directly investing or otherwise in infrastructure and POP, subject to
        exceptions provided in Article 11.4.

11.4    Notwithstanding the provisions of Article 11.3, non-Compete obligation
        specified therein, shall not be applicable to:

        i) any future acquisitions by Wipro of a business having activities
        similar to those specified in Article 11.3.

<PAGE>

        ii) businesses such as managed services which includes managed network
        services, managed security services and management of customers VPN,
        internet access and data center.

        iii) businesses such as front ending for reselling Internet Access, VPN
        and data Center Facility as part of Wipro's System Integration & other
        IT services business subject to the preferred partnership as per Article
        12 of this Agreement.

        iv) in respect of service of Customers, who are on a notice period prior
        to termination as provided under Article 6.3.

                                   ARTICLE 12
                                PREFERRED PARTNER

12.1    Wipro shall be the preferred partner of SIFY in respect of IT related
        products and services only in those instances where Wipro is not in
        competition with Satyam Computer Services Limited. SIFY shall be the
        preferred partner of Wipro for use of ISP service in respect of all
        System Integration Contracts involving Bandwidth.

12.2    In the sale/recommendation by Wipro of ISP services in respect of System
        Integration Contract, SIFY will be recommended as preferred service
        provider subject to price competitiveness and acceptable quality of
        services and except in the instance that the Customer specifically
        desires otherwise.

12.3    In the sale/recommendation by SIFY in respect of IT related products and
        services not in competition with Satyam Computer Services Limited, Wipro
        will be recommended as preferred service provider subject to price
        competitiveness and acceptable quality of services and except in the
        instance that the Customer specifically desires otherwise.

                                   ARTICLE 13
                          REPRESENTATION AND WARRANTIES

13.1    Warranties by Wipro

        a)     WIPRO is a company duly established and validly existing under
               the laws of the India and having full corporate power and
               authority and all necessary licenses and statutory and corporate
               approvals to carry on the Business.

        b)     Upon coming into force, this Agreement will constitute valid,
               legal and binding obligation of WIPRO enforceable in accordance
               with its terms except as may be limited by applicable bankruptcy,
               insolvency, reorganization, moratorium or similar laws affecting
               creditor's rights generally and subject to the availability of
               equitable remedies. The execution, delivery and performance of
               this Agreement by WIPRO will not conflict with or result in a
               violation, breach or default under any existing order or decree
               affecting WIPRO, or any of its incorporation document, or of any
               agreement

<PAGE>

               or other instrument to which WIPRO is a party or is subject or by
               which any of WIPRO's properties or assets are bound. WIPRO has
               the financial resources available to perform all its obligations
               under this Agreement.

        c)     All written information which has been given by WIPRO to SIFY in
               the course of the negotiations leading to the signing of this
               Agreement was at the time it was so given and is now true,
               complete and accurate in all respects and such information is not
               misleading because of any willful omission or ambiguity.

        e)     WIPRO has received Corporate Approvals in accordance with its
               Charter Documents to enter into this Agreement (and the other
               relevant documents referred to in the Agreement) and when this
               Agreement comes into force (and the other documents referred to
               in the Agreement) will constitute binding obligations on WIPRO in
               accordance with their respective terms.

        f)     Wipro has conducted the Business strictly in accordance with the
               ISP License and terms of SLA.

13.2    Warranties by SIFY

        a)     SIFY is a company duly established and validly existing under the
               laws of the India and having full corporate power, authority, all
               necessary licenses and approvals to own its properties, and to
               carry on the Business.

        b)     Upon coming into force, this Agreement will constitute valid,
               legal and binding obligation of SIFY enforceable in accordance
               with its terms except as may be limited by applicable bankruptcy,
               insolvency, reorganization, moratorium or similar laws affecting
               creditor's rights generally and subject to the availability of
               equitable remedies. The execution, delivery and performance of
               this Agreement by SIFY will not conflict with or result in a
               violation, breach or default under any existing order or decree
               affecting SIFY, or any of its incorporation document, or of any
               agreement or other instrument to which SIFY is a party or is
               subject or by which any of SIFY's properties or assets are bound.
               SIFY has the financial resources available to perform all its
               obligations under this Agreement.

        c)     All written information which has been given by SIFY to Wipro in
               the course of the negotiations leading to the signing of this
               Agreement was at the time it was so given and is now true,
               complete and accurate in all respects and such information is not
               misleading because of any willful omission or ambiguity.

        d)     SIFY has received all Corporate Approvals to enter into this
               Agreement (and the other relevant documents referred to in the

<PAGE>

               Agreement) and this Agreement will constitute binding obligations
               on SIFY in accordance with their respective terms.

        e)     SIFY shall conduct the Business strictly in accordance with the
               ISP License and terms of SLA.

                                   ARTICLE 14
                                 CONFIDENTIALITY

14.1    Any Confidential Information disclosed to any party hereto (a "Receiving
        Party") by another party hereto (a "Disclosing Party") in connection
        with the negotiation, execution or performance of this Agreement or the
        Ancillary agreements or the management or operation of the Company shall
        be deemed and treated by the Receiving Party as confidential, shall be
        used only for the purposes of negotiating and implementing the Agreement
        and related business purposes and shall not be disclosed to any third
        party without the prior written consent of the Disclosing Party,
        provided, however, that the foregoing restriction shall not apply to the
        extent, but only to the extent, that any confidential information: (a)
        becomes generally available to the public through no fault of the
        Receiving Party or its agents; (b) is or has been disclosed to the
        Receiving Party, directly or indirectly, by a person, firm or entity
        having no obligation to the Disclosing Party; or (c) is required to be
        disclosed under any applicable law, rule, regulation or governmental
        order.

14.2    The Receiving Party shall take all steps necessary or appropriate to
        protect the Confidential Information against unauthorized disclosure or
        use, including, but not limited to, causing all employees of the
        Receiving Party to execute confidentiality agreements or employment
        agreements containing confidentiality provisions. The Receiving Party
        shall immediately notify the Disclosing Party of any unauthorized
        disclosure or use of any Confidential information that comes to the
        Receiving Party's attention, and shall take all action that the
        Disclosing Party may reasonable request to prevent any further
        unauthorized disclosure or use of such Confidential information.

14.3    This Agreement including the Ancillary agreements, the related documents
        and all aspects of the negotiation, preparation and operation of the
        Transaction must be kept confidential and shall not be disclosed to any
        third party except as agreed by SIFY and Wipro or as may be required by
        the regulations of any stock exchange by which the disclosing party may
        be bound. Except for any disclosures required by law or the rules of any
        stock exchange, timing and content of any other announcements,
        advertisements, press releases and public statements concerning the
        Transaction will be by mutual written agreement between SIFY and WIpro.
        Any inquiries from the public regarding the Transaction or the
        relationships among the parties are to be referred to an official
        spokesperson to be determined by the Parties, who shall also make any
        announcements or

<PAGE>

        releases of information required by law or the rules of any stock
        exchange as mutually directed by both of the Parties.

14.4    The obligations set forth in this Article 14 shall survive the
        expiration or termination of this Agreement.

                                   ARTICLE 15
                                  MISCELLANEOUS

15.1   In the performance of their respective obligations under this Agreement,
       Parties shall at all times comply with the laws, regulations and orders
       in effect in their respective jurisdictions.

15.2    This Agreement, constitutes the entire understanding of the Parties with
        reference to the subject matter of this Agreement and supersedes any and
        all prior negotiations, correspondence, agreements, understandings,
        duties or obligations among the Parties with respect to the subject
        matter hereof.

15.3    This Agreement shall not be amended, modified, altered or changed in any
        way except by a writing executed by a duly authorized representative of
        each Party. A waiver by any Party of any provision of this Agreement or
        a breach hereunder shall not be deemed to constitute a subsequent or
        future waiver of the same or any other provision or a breach of this
        Agreement.

15.4    If any part of this Agreement is declared invalid or unenforceable, the
        Parties shall, in good faith, consult with each other and adopt new
        provisions that will to the greatest extent permitted by law, place the
        Parties in the same economic position that they would have been in had
        the invalid part of the Agreement continued in effect and those portions
        of this Agreement that have not been declared invalid or unenforceable
        shall remain in full force and effect.

15.5    The parties hereto shall bear their respective legal and other costs
        incurred in connection with the negotiation, preparation and execution
        of this Agreement.

15.6    All remedies of any party hereto under this Agreement, whether provided
        herein or conferred by statute, civil law, common law, custom or trade
        usage, are cumulative and not alternative and may be enforced
        successively or concurrently.

15.7    All notices, communications and other correspondence required or
        permitted by this Agreement shall be in writing and shall be sent by (a)
        facsimile, with confirmation copy sent by registered first class
        airmail, (b) by personal delivery with acknowledgement of receipt or (c)
        by registered, first class air mail, return receipt requested and
        postage prepaid, to the following address:

<PAGE>

        In the case of Wipro:      Corporate Vice President Legal &
                                   Company Secretary,
                                   Wipro Limited,
                                   Doddakannelli, Sarjapur Road,
                                   Bangalore - 560 035
                                   Fax: (080 - 844 0051)

        In the case of SIFY:       Chief Financial Officer
                                   Satyam Infoway Limited
                                   Tidel Park, 2nd Floor,
                                   No.4, Canal Bank Road
                                   Taramani, Chennai - 600 113
                                   Fax: (044-2540771)

        All such notices, communications and correspondence shall be sent and
        deemed to have been received as follows: (a) if by facsimile, upon
        receipt of the confirmation copy; and (b) if by personal delivery,
        courier or registered, first class airmail, upon receipt or refusal of
        delivery. A Party may change the address to which notices are to be sent
        by a notice complying herewith to that effect. All notices will be in
        English.

15.8    No failure or delay by either Party in exercising any right, power or
        remedy under this Agreement shall operate as a waiver thereof, nor shall
        any single or partial exercise of the same preclude any further exercise
        thereof or the exercise of any other right, power or remedy. Without
        limiting the foregoing, no waiver by either Party of any breach by the
        other of any provision hereof shall be deemed to be a waiver of any
        subsequent breach of that or any other provision hereof. If at any time
        any provision of this Agreement is or becomes illegal, invalid or
        unenforceable in any respect, the legality, validity and enforceability
        of the remaining provisions of this Agreement shall not be affected or
        impaired thereby.

15.9    The formation, validity, performance interpretation and enforcement of
        this Agreement shall be governed only by the laws of India.

15.10   This Agreement may be executed in counter-parts and each such counter
        part shall be considered to be the original as if executed
        simultaneously.

15.11   Any dispute, controversy or claim ("DISPUTE") arising out of, relating
        to, or in connection with this Agreement, or the breach, termination or
        validity hereof, shall initially be resolved by amicable negotiations
        among executives of the Parties and, if not resolved through such
        negotiations within thirty (30) days of written notice of the existence
        of such Dispute, be finally settled by arbitration by a three
        arbitrator, one appointed by Wipro and one by SIFY and the third by the
        two Arbitrators so appointed, in accordance with the provisions of the
        Arbitration and Conciliation Act, 1996. The venue for Arbitration shall
        be Bangalore, India.

        During the arbitration, all Parties shall continue to fulfill their
        respective obligations under this Agreement except for such obligations
        and other matters, which are the subject of the arbitration.

<PAGE>

        The arbitral award shall be in writing, state the reasons for the award,
        and be final and binding on the Parties concerned. The award may include
        an award of costs, including reasonable attorneys' fees and
        disbursements. Judgment upon the award may be entered by any court
        having jurisdiction thereof or having jurisdiction over the relevant
        Party or its assets.

15.12   The Parties hereby acknowledge and confirm that it is impossible to
        measure in money the damages which will accrue to a Party or its
        permitted assigns by reason of a failure to perform any of the
        obligations under this Agreement and therefore agree that the terms of
        this Agreement shall be specifically enforceable. If any Party or its
        permitted assigns institutes any action or proceeding to specifically
        enforce the provisions hereof, any Party against whom such action or
        proceeding is brought (i) hereby waives the claim or defense therein
        that such Party has an adequate remedy at law, and (ii) hereby confirms
        that it shall not offer in any such action or proceeding the claim or
        defense that such remedy at law exists.

IN WITNESS WHEREOF, the Parties hereto have set and subscribed their respective
hands at Bangalore on the day and year first hereinabove written.

                                        WIPRO LIMITED

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

                                        SATYAM INFOWAY LIMITED

                                        By /s/ GEORGE ZACHARIAS
                                           ------------------------------
                                        Name: George Zacharias
                                        Title: Chief Operating Officer

                                        By /s/ T.R. SANATHANAKRISHNAN
                                           ------------------------------
                                        Name: T.R. Sanathanakrishnan
                                        Title: Chief Financial Officer

WITNESSES

1.

2.

<PAGE>
                                   SCHEDULE 1:

PART A (REFER ARTICLE 5.1)

<TABLE>
<CAPTION>
CUSTOMER NAME      TYPE OF SERVICE                     NO. OF LOCATIONS                       MONTHLY                DATE OF
                                                                                              REVENUE                  SLA
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                                   <C>                   <C>
[*]                Internet                            1 - Location                              15,313             27/07/2001
[*]                Internet                            1 - Location                              21,875             30/03/2002
[*]                Messaging                                                                      5,250             16/09/1999
[*]                Web Hosting                         NA                                         1,794             27/02/2001
[*]                Messaging                           1 - Location                                 788             27/01/2001
[*]                Messaging                           1 - Location                                 788             22/02/2000
[*]                Messaging                           1 - Location                              15,313             20/03/2001
[*]                Messaging                                                                      7,350              7/10/1999
[*]                Internet                            1 - Location                              78,750               2/2/2001
[*]                Messaging                           1 - Location                                 788              3/10/1999
[*]                Internet                            4 - Locations                             47,250             14/08/2001
[*]                VPN, Colocation                     4 locations + Colocation in Mumbai       281,417             20/07/2000
[*]                Messaging                           1 - Location                               5,250               4/8/1999
[*]                Internet                            1 - Location                              55,989               5/8/2001
[*]                VPN, Hosting, GVS                   1 - Location                              23,702             20/06/2001
[*]                Internet                            1 - Location                             334,614               8/8/2001
[*]                Colocation                          Colocation in Delhi                       10,675             31/08/2000
[*]                VPN, Internet,                      2 - VPN, 1- Internet, Router Colo
                   Colocation                          in Blore                                 9917543             30/03/2001
[*]                Internet                            1 - Location                              33,688               3/1/2001
[*]                VPN, Internet                       22 - VPN, 1- Internet                     40,646              12/2/2000
[*]                Hosting                             NA                                         7,000             23/05/2001
[*]                Internet                            1 - Location                              20,125             29/03/2002
[*]                Internet                            1 - Location                              28,000             16/11/1999
[*]                Colocation                          Router Colocation                          5,775               5/3/2002
[*]                Hardware                            Firewall                                       -             17/08/2001
[*]                VPN                                 52 Locations                              38,106             15/05/2000
[*]                Internet                            1 - Location                              49,735             21/03/2001
[*]                Colocation                          Colocation in Delhi                       52,500               5/3/2001
[*]                Hardware - Firewall                 NA                                             -             25/04/2002
[*]                Messaging, GVS                                                               165,890               3/2/2000
[*]                Internet                            1 - Location                              28,000              1/11/2001
[*]                Colocation                          Co-location in Bangalore                  16,345             17/10/2001
[*]                Messaging                           2 Locations                                1,533             28/06/1999
[*]                VPN                                 4 locations                               24,150             22/05/2000
[*]                Messaging                           1 - Location                                 788             14/07/1999
[*]                Internet                            1 - Location                             119,788             26/12/2001
[*]                Colocation                          Co-location in Mumbai                     77,875             20/02/2002
[*]                Internet, Colocation                1 - Internet, Colocation in Bangalore    177,100             27/04/2001
[*]                Messaging                           2 Locations                                1,533             12/12/2001
[*]                VPN, Colocation                     1 - VPN, Colocation in Chennai            31,937             12/10/2000
[*]                Hosting                             NA                                         4,515               7/3/2002
[*]                Messaging                           1 - Location                                 788             30/08/1999
[*]                Internet                            1 - Location                              11,375             19/01/2002
[*]                Colocation                          Colocation in Bangalore                   31,500             11/10/2000
[*]                VPN                                 5 - Locations                             61,250             14/11/2000
[*]                Internet                            1 - Location                              30,188             28/11/2001
[*]                Internet                            1 - Location                              23,450             28/03/2002
[*]                Internet                            1 - Location                              29,313             29/12/2001
</TABLE>
<PAGE>
<TABLE>
<S>                <C>                                 <C>                                   <C>                   <C>
[*]                Internet                            1 - Location                              30,450             24/08/2001
[*]                VPN, GVS                            1 - Location                              18,550               8/2/2002
[*]                Colocation                          Colocation in Delhi                       13,125             16/05/2000
[*]                Internet, Hosting, GVS              1 - Location                              51,833              5/12/2001
[*]                VPN, Internet                       28 - Locations, 1 - Internet             136,429              6/12/1999
[*]                Internet                            1 - Location                              29,313             26/06/2000
[*]                Internet                            1 - Location                              16,800             20/02/2001
[*]                Internet                            1 - Location                              56,000               3/8/2000
[*]                Colocation                          Colocation in Delhi                       20,370             29/09/2000
[*]                Internet                            1 - Location                              17,500              3/10/2000
[*]                Messaging                           1 - Location                                 788             18/04/2000
[*]                Hosting                             NA                                         2,208             10/10/2001
[*]                Colocation                          Colocation in Mumbai                      42,000             22/03/2001
[*]                Colocation, Shared MFS              Colocation in Bangalore                   37,800             30/08/2001
[*]                Messaging                           1 - Location                               5,775               1/7/1999
[*]                Internet                            1 - Location                              29,925             25/10/2001
[*]                Internet                            1 - Location                             331,400             18/03/2002
[*]                Messaging                           1 - Location                                 788             25/06/1999
[*]                VPN                                 8 - Locations                             60,900              11/5/1999
[*]                VPN, Internet, Colocation           7 - locations, 1 - internet              265,781             26/11/1999
[*]                Messaging                                                                      5,365             13/10/1999
[*]                Internet                            1 - Location                              11,375              5/12/2001
[*]                VPN                                 5 - Locations                             63,700              11/5/2001
[*]                Messaging                           1 - Location                                 788             27/07/1999
[*]                Internet, Colocation                1 - Location, Router Colo in Calcutta     78,750             30/05/2001
[*]                VPN                                 17 - Locations                           141,540               6/3/2002
[*]                Internet                            1 - Location                              10,063               7/7/2001
[*]                Internet, Messaging                 2 - Locations                             41,124             14/06/2001
[*]                Messaging                                                                      2,363             30/04/2001
[*]                VPN                                 18 - Locations                            91,560               7/1/2002
[*]                Ipass                                                                         40,000             24/12/2001
[*]                VPN                                 160 - Locations                          401,153              6/12/2001
[*]                VPN                                 1 - Location                              15,750              10/9/2001
[*]                Messaging                           NA                                         1,155             20/07/2001
[*]                Colocation                          Colocation in Mumbai                      44,100              11/3/2001
[*]                Internet                            1 - Location                              28,875               5/3/2001
[*]                Internet                            1 - Location                             154,000              12/4/2002
[*]                Internet                            1 - Location                              30,625              10/1/2001
[*]                Streaming                           NA                                        25,000             17/01/2000
[*]                VPN, Colocation                     6 - Locations                            177,870             28/01/2000
[*]                Hosting                             NA                                         3,080             14/12/1999
[*]                VPN                                 17 - Locations                            55,650             17/09/1999
[*]                Colocation                          Colocation in Chennai                     78,750             26/03/2001
[*]                VPN, Colocation, Internet           3 - VPN, 1 - Internet                    112,875             11/10/2000
[*]                Messaging                           NA                                        16,800             30/12/1999
[*]                VPN, Colocation, MFS                3 - VPN                                  184,450             30/03/2002
[*]                Messaging                           NA                                         2,625               8/5/2000
[*]                VPN                                                                           72,291               9/1/2002
[*]                VPN                                 18 - Locations                            81,375               7/3/2001
[*]                Internet                            1 - Location                              28,000              9/11/2001
[*]                Internet                            1 - Location                              48,333             14/09/2001
[*]                VPN                                 7 - Locations                             41,825             14/02/2000
[*]                Internet                            1 - Location                              31,500             19/10/2001
[*]                Internet                            1 - Location                              32,813             20/11/2001
</TABLE>
<PAGE>
<TABLE>
<S>                <C>                                 <C>                                   <C>                   <C>
[*]
Colocation                                                                                     17,063                 9/4/2002
[*]                Internet                            1 - Location                              20,125             27/10/2000
[*]                Internet                            1 - Location                              56,017             19/07/2000
[*]                Internet                            1 - Location                              32,813             06/03/2000
[*]                Messaging                                                                        788             17/03/2001
[*]                Internet                            1 - Location                              23,625               4/9/2001
[*]                Internet                            1 - Location                             149,625             21/08/2001
[*]                Internet                            1 - Location                              25,484               7/2/2001
[*]                Messaging                                                                     16,905             22/12/2000
[*]                Colocation                          Colocation in Calcutta                    28,000             28/01/2002
[*]                Messaging                           1 - Location                                 420               4/1/2002
[*]                Messaging                           1 - Location                                 788             21/08/2000
[*]                Messaging                                                                      3,833               4/9/1999
[*]                Hosting, Messaging                                                            28,175             27/12/2001
[*]                Messaging                           1 - Location                                 788             27/10/1999
[*]                Colocation                          Colocation Multiple Locations             88,160             15/07/2000
[*]                Internet                            1 - Location                             119,000             23/08/2001
[*]                Internet                            1 - Location                              14,000             25/09/2001
[*]                Messaging                           1 - Location                                 788              8/10/1999
[*]                Internet                            1 - Location                              21,875             14/09/2000
[*]                Colocation                          Colocation in Delhi                       32,375             23/08/2000
[*]                Messaging                                                                      1,533             16/08/1999
[*]                Internet                            1 - Location                             131,250               6/8/1999
[*]                Internet                            1 - Location                              21,000               7/2/1999
[*]                Internet                            1 - Location                              11,375             13/11/2000
[*]                VPN                                 3 - Locations                             31,687              2/11/1999
[*]                VPN                                 8 - Locations                             62,160             21/03/2000
[*]                VPN                                 1 - Location                              15,750             22/06/1999
[*]                Internet                            1 - Location                              48,344               3/7/2001
[*]                VPN, Internet                       15 - VPN, 1 - Internet                    51,713             08/09/2000
[*]                Messaging                           1 - Location                               9,975              12/8/1999
[*]                Internet                            1 - Location                              65,625             22/03/2002
[*]                VPN, Internet                       8 - VPN Locations, 1 - Internet          142,538               9/6/2000
[*]                Internet                            1 - Location                              30,625             26/09/2001
[*]                Internet                            1 - Location                              15,750              11/7/2001
[*]                Colocation                          Colocation in Mumbai                      61,250              8/10/2000
[*]                Internet                            1 - Location                              32,813             13/03/2001
[*]                Messaging                           1 - Location                                 788              6/11/1999
[*]                Internet                            1 - Location                              26,075             24/10/2001
[*]                Internet                            1 - Location                              36,750             22/02/2002
[*]                Messaging                           1 - Location                               9,450               6/3/2000
[*]                VPN, Hosting                        15 - Locations                           122,250             29/08/2000
[*]                Internet                            1 - Location                              30,625              11/1/2002
[*]                Internet                            1 - Location                              28,875             13/03/2001
[*]                Hosting, Messaging                                                             1,575             19/01/2000
[*]                VPN, Internet                       1 - VPN, 1 - Internet                     26,775            29/101/2001
[*]                VPN, Internet                       5 - VPN, 1 - Internet                    147,000             29/11/1999
[*]                Internet                            1 - Location                              31,150              3/12/2001
[*]                Internet, Colocation,               1 - Location                              57,225             19/10/2000
[*]                Internet                            1 - Location                              96,057             24/08/2001
[*]                Messaging                           1 - Location                                 788              10/9/1999
[*]                Internet                            1 - Location                              35,000              2/11/2001
[*]                Internet                            1 - Location                              36,750              12/8/2000
</TABLE>
<PAGE>
<TABLE>
<S>                <C>                                 <C>                                   <C>                   <C>
[*]                VPN                                 19 - VPN Locations                        97,965             24/12/1999
[*]                Messaging                           1 - Location                                 788               2/2/2001
[*]                VPN                                 8 - Locations                             21,923               1/2/2000
[*]                Messaging                           2 - Locations                              1,575             15/06/1999
[*]                VPN, Managed                        1 - Location                             108,750               3/1/2000
[*]                VPN                                 8 - Locations                             84,000               5/9/2000
[*]                VPN, Internet                       1 - VPN, 1 - Internet                     25,550              12/7/2001
[*]                Internet                            1 - Location                              26,250             30/03/2002
[*]                Messaging                           1 - Location                                 788               2/2/2001
[*]                Internet                            1 - Location                              17,150               8/3/2002
[*]                Internet                            1 - Location                              57,312             14/08/2001
[*]                VPN                                 5 - Locations                             26,250               5/2/2001
[*]                Internet                            1 - Location                              96,250             18/01/2002
[*]                Messaging                                                                      1,575               5/9/2000
[*]                Internet                            1 - Location                              31,063             14/01/2002
[*]                Internet                            1 - Location                              21,875               2/8/2001
[*]                Hosting                             NA                                             -               7/1/2002
[*]                Internet                            1 - Location                             107,187               1/6/2001
[*]                VPN                                 1 - Location                              10,938             21/01/2002
[*]                Internet                            1 - Location                              13,125             27/08/2001
[*]                Messaging                                                                      2,300              3/11/1999
[*]                Internet, Colocation,
                   Messaging, MFS, Ipass               1 - Location                             284,666              11/9/1999
[*]                VPN                                 1 - Location                              39,200             27/09/2000
[*]                Internet                            1 - Location                              10,938             27/09/2000
[*]                Messaging                                                                        788             30/09/1999
[*]                VPN, Internet, GVS                  17 VPN, 1 - Internet                     112,688             13/07/2000
[*]                Messaging                                                                     53,498             30/08/1999
[*]                Messaging                                                                        788             18/08/1999
[*]                Messaging                                                                     10,500             18/01/2000
[*]                VPN, Internet                       8 - VPN, 1 - Internet                    185,064              9/10/2001
[*]                Internet                            1 - Location                             112,000             24/11/2000
[*]                Messaging                           2 - Locations                              1,533             13/08/1999
[*]                VPN, Internet, Colocation           Colocation Multiple Locations            414,400             15/01/2002
[*]                Internet, SMTP                      1 - Location                              28,000               9/5/2000
[*]                Internet                            1 - Location                              15,313             15/10/2001
[*]                Internet                            1 - Location                              17,063             27/08/2001
[*]                Messaging, GVS                      1 - Location                                 788             30/01/2002
[*]                VPN, Internet, Colo, Messaging      Multilocation / Divisions              2,031,263             13/08/1999
[*]                Internet                            1 - Location                              31,938              7/12/2001
[*]                VPN, Internet                       9 - VPN, 1 - Internet                    271,713               6/3/2001
</TABLE>

PART B (CUSTOMERS GIVEN OPTION UNDER ARTICLE 5.2)

<TABLE>
<CAPTION>
CUSTOMER NAME      TYPE OF SERVICE                     NO. OF LOCATIONS                       MONTHLY                DATE OF
                                                                                              REVENUE                  SLA
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                                   <C>                   <C>
[*]                Colocation, H/W                     Colocation in Mumbai                      81,667               20/03/02
[*]                VPN                                 8                                         66,000              11/9/2000
[*]                Messaging, GVS                      1 - Location                              56,500             20/04/2001
[*]                VPN, Internet, Ipass                8 - VPN, 1 - Internet                    270,803             24/11/1999
[*]                VPN, Internet, Hosting, MNS         8 - VPN, 1 - Internet                    110,978              7/10/1999
[*]                Internet, Messaging, GVS            1 - Location                              68,250             17/08/1999
</TABLE>
<PAGE>
<TABLE>
<S>                <C>                                 <C>                                   <C>                   <C>
[*]                Internet                            1 - Location                             220,833               6/9/2001
[*]                Internet, MFS                       1 - Location                              39,375             27/03/2000
[*]                VPN, Internet, Ipass                26 - VPN, 1 - Internet                   378,528             25/05/2000
[*]                Internet, MFS                       2 - Locations                            366,398             29/11/2001
[*]                Hosting, Messaging                                                            77,613             20/11/2000
[*]                VPN, Internet                       29 - VPN, 1 - Internet                    55,038             21/02/2002
[*]                VPN                                 24 - Locations                           330,000             27/01/2000
[*]                VPN                                 15 - Locations                           177,849             27/08/1999
[*]                VPN, Internet                       13 - VPN, 4 - Internet                   363,125               6/7/2000
[*]                VPN, MFS                            3 - Locations                             42,875              20/7/2001
[*]                VPN, Internet                       9 - VPN, 1 - Internet                     79,756              10/7/2000
[*]                VPN                                 6 - Locations                            142,474               3/3/2000
[*]                VPN                                 35 Locations                              71,740              11/8/1999
[*]                VPN                                 7 Locations                              101,010             24/05/2000
[*]                VPN                                 12 - Locations                           163,800               7/3/2002
[*]                VPN, Internet, Managed              19 - VPN, 1 - Internet                   137,045             18/10/2001
[*]                VPN, Messaging                      1 - VPN                                  282,500             18/10/2000
[*]                VPN                                 45 Locations, Router Rental           181,650.00             14/07/2001
[*]                VPN                                 7 - Locations                             31,066             17/04/2000
[*]                VPN                                 1 - Location                              11,025             26/09/2000
[*]                VPN, Router Colocation              21 - Locations                           425,424             27/03/2001
[*]                VPN, Colocation, MNS                6 - Locations                            473,374              10/5/2000
[*]                Internet                            6 - Locations                            222,555              11/6/2001
[*]                VPN, Internet, Ipass                1 - VPN, 1 - Internet                     88,200              12/2/2001
[*]                VPN, Internet                       30 Locations                             281,125              11/4/2000
[*]                VPN, Internet, Hardware             2 - VPN, 3 - Internet                    113,420              11/1/2001
[*]                VPN                                 29 Locations                             309,750              6/10/1998
[*]                Internet, Colocation,               1 - Location                             116,800             29/05/2001
                   Messaging, MFS, Ipass
[*]                VPN, Internet                       7 - VPN, 1 - Internet                     99,750             26/12/2000
[*]                VPN                                 2 - Locations                             29,750              5/11/2001
[*]                Colocation                          Colocation in Mumbai                     231,875               8/8/2001
[*]                VPN, Internet, Messaging            32 Locations                             572,688               8/6/1999
[*]                VPN, Internet                       12 - VPN, 1 - Internet                   452,500               9/8/2000
[*]                VPN, Hosting                        9 - VPN                                   96,583             13/02/2002
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
       NODE NAME                 NODE ADDRESS
------------------------------------------------------------------------------------------------------------------------------------
<S>    <C>                     <C>
 1     AHMEDABAD               305, Abhijeet III, Above Pantaloon Showroom, Law Garden Road, Mithakali, Ahmedabad 6

 2     BANGALORE               Du parc Trinity ,10th floor ,17 MG Road,Bangalore-01

 3     BARODA                  302 Megadhanush Apts Race Course Road Alkapuri Baroda-39007

 4     BHOPAL                  223 Second Floor zone-II  m.p nagar Behind Saragam Theater Bhopal-764808

 5     BHUVANESHWAR            86 A 3rd Floor Sahid nagar Bhubaneshwar-751007

 6     CALCUTTA                2nd floor 238B AJC Bose road calcutta-700071

 7     CHENNAI                 Horizon center 94 TTK Road  Chennai-600018

 8     COCHIN                  HHYS Building Opp Abad's plaza 3rd floor Rajai Road Cochin-35

 9     CHANDIGARH              Sco 208-209 3rd Floor Sector - 34A Chandigarh-

10     COIMBATORE              3rd floor Classic Towers 1547 Trichy Road Coimbatore-641018

11     DELHI                   plot no. 8 , 2nd Floor Balaji Estate Guru Ravi Dass Marg Kalkaji New Delhi-110019

12     GUNTUR                  5-87-96 Surya Estate Main Road Lakshmipuram Guntur-6

13     GUWAHATI                5th floor six floor  Rcc building S.C.Goswami Road pan Bazar Guwahati-1

14     GOA                     H.no 8/83/A-3 Pereira Apartments Altinho Near Meterology dept ,Panaji Goa-

15     HYDRABAD                104 ,Surya Tower 4th floor H block , S.P road Secunderabad

16     HALDIA                  c/0 Haldia petro chemicals ltd PB-12 ,PO-Durgachowk, Haldia-721602

17     INDORE                  204,second floor 22/10 Oasis Trade center YN Road  Indore -452003

18     JAIPUR                  Office no 204 Sangam Towers Church Road Jaipur

19     JAMSHEDPUR              Pratap Towers ,J road Bistupur Jamshedpur-831001

20     KANPUR                  Plot-41,Ratanlal Nagar Kanpur-208022

21     LUCKNOW                 A-6 Indira Nagar Fiazabad Road Lucknow-226016

22     LUDHIANA                47-I , Sarabha nagar Ludhiana-141001

23     MUMBAI                  B-Building,ist Floor Shah Industrial Estate Saki vihar Road  Andheri(East) Mumbai-400072

24     MANGALORE               T-06,Third Floor Crystal ARC,Balmatta Road Mangalore-575001

25     MYSORE                  #1570 ,12th north Cross Aniketana Road ,C&D block Kuvempu Nagar ,mysore-570023

26     NAGPUR                  Second Floor ,Jaika Building ,1Commercial road Civil Lines Nagpur-44001

27     NASIK                   S-7 ,2nd Floor, Suyojit Sankul, Adjacent to Rajiv Gandhi Bhavan(MNC)Sharanapur Road Nasik-422022

28     PUNE                    104, Gera Chambers, opp Boat Club Road,Pune-411001

29     PONDICHERRY             Second floor,no 54 ,Canteen Street, Pondicherry-605001

30     SURAT                   4027,4th floor ,world Trade Center ,Ring Road ,Near Parag House,Surat-395002

31     TRIVENDRUM              4th floor ,Saran Chambers ,Diamond Hill,Vellayambalam,thiruvanathapuram.

32     VIZAG                   Thirumala Arcade,Flot No.402 ,5th Floor Opp.Meghalaya Hotel ,Asilmetta junction,Vishakhapatnam-530003
</TABLE>

<PAGE>

SCHEDULE - 3 (SEE ARTICLE 5.3)

FORM OF NOVATION AGREEMENT

THIS AGREEMENT is made on this the ______day of ________2002 at ____________

BETWEEN:

(1)     WIPRO LIMITED, a company incorporated and existing under the Indian
        Companies Act, 1913 having its registered office at Doddakannelli,
        Sarjapur Road, Bangalore - 560 035 acting through its Infotech division
        ("WIPRO" which expression shall unless repugnant to the meaning and
        context thereof be deemed to include its successors and permitted
        assigns);

(2)     SATYAM INFOWAY LIMITED, a Company incorporated under the Companies Act
        1956, having its Registered Office at Mayfair Centre, 1-8-303/36,
        S.P.Road, Secunderabad - 500003 and its Corporate Office at Tidel Park
        2nd floor, No.4, Canal Bank Road, Taramani, Chennai - 600113
        (hereinafter referred to as "SIFY" which expression shall include its
        successors and permitted assigns), a subsidiary of Satyam Computers
        Services Ltd; AND

(3)     [Customer], a company incorporated under the laws of [ ] and having its
        registered office at [ ] (the "Customer") Note: Change the description
        appropriately for other legal entities such as partnership or
        individuals

WHEREAS:

(A)     By an agreement dated [_______] (the "Original Agreement") entered into
        between WIPRO and the Customer, WIPRO agreed to provide ISP related
        services to the Customer as provided in the Original Agreement.

(B)     By a Transaction Agreement dated [____ 2002] WIPRO has agreed to
        transfer and SIFY has agreed to accept and service the Customers on same
        terms and conditions under the Original Agreement.

(C)     The parties have agreed that the SIFY should assume the rights,
        liabilities and obligations of WIPRO under the Original Agreement and
        that WIPRO should be released from its liabilities and obligations under
        the Agreement on the terms and conditions set out herein.

NOW THEREFORE, IT IS AGREED as follows:

1.      NOVATION

<PAGE>

In consideration of discharging WIPRO its from obligations under the Original
Agreement, and in further consideration that SIFY assumes the obligations of
WIPRO under the Original Agreement, as of and with effect from the ____ day of
__________2002:

        (a)    the Customer releases WIPRO from all of its obligations under the
               Original Agreement;

        (b)    The SIFY agrees to assume the rights and obligations of WIPRO
               under the Original Agreement and to perform the obligations of
               Wipro there under more particularly those relating to providing
               services as agreed upon in the Original Agreement with out any
               change in terms and conditions;

        (c)    SIFY shall provide services to the Customer and bill the Customer
               for the services strictly in accordance with the terms of
               Original Agreement; save for the following changes;

               1.

               2.

        (d)    Customer shall make all payments for services under the Original
               Agreement to SIFY.

        (e)    Dues if any from the Customer for services prior to __________,
               shall be paid to Wipro.

2.      CONTINUING PROVISIONS

        Save as provided for herein, the Original Agreement and all provisions
        thereof will continue in full force and effect as the legal, valid and
        binding obligations of each of the SIFY and the Customer, enforceable in
        accordance with its terms.

IN WITNESS whereof this Agreement shall be deemed to have been executed on the
date first above written.

SIGNED by Mr __________             )
for and on behalf of                )
WIPRO LIMITED                       )

SIGNED by Mr....................    )
for and on behalf of                )
SATYAM INFOWAY LIMITED              )

SIGNED by                           )
for and on behalf of                )
[Customer]                          )<PAGE>
                                                                    Exhibit 10.1

                                U.S. $400,000,000

                                CREDIT AGREEMENT

                            Dated as of July 10, 2002

                                      among

                              BECKMAN COULTER, INC.

                                   as Borrower

                        THE INITIAL LENDERS NAMED HEREIN

                               as Initial Lenders

                               CITICORP USA, INC.

                          as Sole Administrative Agent

                              BANK OF AMERICA, N.A.

                            As Sole Syndication Agent

                                       and

                            SALOMON SMITH BARNEY INC.

                                       and

                         BANC OF AMERICA SECURITIES, LLC

                  as Joint Lead Arrangers and Joint Bookrunners

<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                               PAGE
                                                                                               ----
<S>                                                                                            <C>
                                    ARTICLE I

                        DEFINITIONS AND ACCOUNTING TERMS

SECTION 1.01. Certain Defined Terms.........................................................      1
SECTION 1.02. Computation of Time Periods...................................................     12
SECTION 1.03. Accounting Terms..............................................................     12

                                   ARTICLE II

                        AMOUNTS AND TERMS OF THE ADVANCES

SECTION 2.01. The Advances..................................................................     13
SECTION 2.02. Making the Advances...........................................................     13
SECTION 2.03. Fees..........................................................................     14
SECTION 2.04. Termination or Reduction of the Commitments...................................     14
SECTION 2.05. Repayment.....................................................................     14
SECTION 2.06. Interest......................................................................     14
SECTION 2.07. Interest Rate Determination...................................................     15
SECTION 2.08. Optional Conversion of Advances...............................................     16
SECTION 2.09. Optional Prepayments..........................................................     16
SECTION 2.10. Increased Costs...............................................................     16
SECTION 2.11. Illegality....................................................................     17
SECTION 2.12. Payments and Computations.....................................................     17
SECTION 2.13. Taxes.........................................................................     18
SECTION 2.14. Sharing of Payments, Etc......................................................     20
SECTION 2.15. Use of Proceeds...............................................................     20
SECTION 2.16. Increase in the Aggregate Commitments.........................................     20
SECTION 2.17. Extension of Termination Date.................................................     21
SECTION 2.18. Replacement of Lenders........................................................     23

                                   ARTICLE III

                     CONDITIONS TO EFFECTIVENESS AND LENDING

SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01.........................     23
SECTION 3.02. Conditions Precedent to Each Borrowing........................................     25
SECTION 3.03. Determinations Under Section 3.01.............................................     25

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

SECTION 4.01. Representations and Warranties of the Borrower................................     25

                                    ARTICLE V

                            COVENANTS OF THE BORROWER

SECTION 5.01. Affirmative Covenants.........................................................     27
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                                                               PAGE
                                                                                               ----
<S>                                                                                            <C>
SECTION 5.02. Negative Covenants............................................................     29
SECTION 5.03. Financial Covenants...........................................................     31

                                   ARTICLE VI

                                EVENTS OF DEFAULT

SECTION 6.01. Events of Default.............................................................     31

                                   ARTICLE VII

                                    THE AGENT

SECTION 7.01. Authorization and Action......................................................     33
SECTION 7.02. Agent's Reliance, Etc.........................................................     33
SECTION 7.03. and Affiliates................................................................     34
SECTION 7.04. Lender Credit Decision........................................................     34
SECTION 7.05. Indemnification...............................................................     34
SECTION 7.06. Successor Agent...............................................................     34

                                  ARTICLE VIII

                                  MISCELLANEOUS

SECTION 8.01. Amendments, Etc...............................................................     35
SECTION 8.02. Notices, Etc..................................................................     35
SECTION 8.03. No Waiver; Remedies...........................................................     35
SECTION 8.04. Costs and Expenses............................................................     36
SECTION 8.05. Right of Set-off..............................................................     37
SECTION 8.06. Binding Effect................................................................     37
SECTION 8.07. Assignments and Participations................................................     37
SECTION 8.08. Confidentiality...............................................................     38
SECTION 8.09. Governing Law.................................................................     39
SECTION 8.10. Execution in Counterparts.....................................................     39
SECTION 8.11. Jurisdiction, Etc.............................................................     40
SECTION 8.12. Waiver of Jury Trial..........................................................     40
</TABLE>

Schedules

Schedule 1 - List of Applicable Lending Offices

Schedule 5.02(a)(iii) - Existing Liens

Exhibits

Exhibit A - Form of Promissory Note

Exhibit B - Form of Notice of Borrowing

Exhibit C - Form of Assignment and Acceptance

Exhibit D-1 - Form of Opinion of Vice President and General Counsel of the
              Borrower

Exhibit D-2 - Form of Opinion of Latham & Watkins, Counsel for the Borrower

Exhibit E -- Form of Opinion of Borrower's Counsel (Commitment Increase)

                                       ii
<PAGE>
                                CREDIT AGREEMENT

                            Dated as of July 10, 2002

               BECKMAN COULTER, INC., a Delaware corporation (the "Borrower"),
the banks, financial institutions and other institutional lenders (the "Initial
Lenders") listed on the signature pages hereof, CITICORP USA, INC. ("CUSA"), a
Delaware corporation, as sole administrative agent (the "Agent") for the Lenders
(as hereinafter defined), BANK OF AMERICA, N.A., as sole syndication agent and a
Lender, and SALOMON SMITH BARNEY INC. and BANC OF AMERICA SECURITIES, LLC, as
joint arrangers and joint lead bookrunners (each an "Arranger" and together the
"Arrangers"), agree as follows:

                                    ARTICLE I

                        DEFINITIONS AND ACCOUNTING TERMS

               SECTION 1.01. Certain Defined Terms.

               As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular
and plural forms of the terms defined):

               "Advance" means an advance by a Lender to the Borrower pursuant
to Article II, and refers to a Base Rate Advance or a Eurodollar Rate Advance
(each of which shall be a "Type" of Advance).

               "Affected Lender" has the meaning specified in Section 2.18.

               "Affiliate" means, as to any Person, any other Person that,
        directly or indirectly, controls, is controlled by or is under common
        control with such Person. For purposes of this definition, the term
        "control" (including the terms "controlling", "controlled by" and "under
        common control with") of a Person means the possession, direct or
        indirect, of the power to direct or cause the direction of the
        management and policies of such Person, whether through the ownership of
        Voting Stock, by contract or otherwise.

               "Agent's Account" means the account of the Agent maintained by
        the Agent at Citibank with its office at 2 Penns Way, Suite 200, New
        Castle, Delaware 19720, Account No. 36852248, Attention: Kimberly
        Eidam-Melendez.

               "Applicable Lending Office" means, with respect to each Lender,
        such Lender's Domestic Lending Office in the case of a Base Rate Advance
        and such Lender's Eurodollar Lending Office in the case of a Eurodollar
        Rate Advance.

               "Applicable Margin" means, as of any date, a percentage per annum
        determined by reference to the Public Debt Rating of S&P and Moody's in
        effect on such date as set forth below:

<TABLE>
<CAPTION>
  Public Debt Rating          Applicable
     S&P/Moody's                Margin
  ------------------          ----------
<S>                           <C>
Level 1
   At least A- or A3
   and not less than
   BBB+ or Baa1                  0.45%
</TABLE>

<PAGE>
<TABLE>
<S>                           <C>
Level 2
   Less than Level 1,
   but at least BBB+
   or Baa1 and not
   less than BBB or
   Baa2                          0.50%

Level 3
   Less than Level 2,
   but at least BBB
   or Baa2 and not
   less than BBB- or
   Baa3                          0.65%

Level 4
   Less than Level 3,
   but at least BBB-
   or Baa3 and not
   less than BB+ or
   Ba1                           0.80%

Level 5
   Less than Level 4,
   but at least BB+
   or Ba1 and not
   less than BB or Ba2           1.00%

Level 6
   Less than Level 5             1.25%
</TABLE>

               "Applicable Percentage" means, as of any date, a percentage per
        annum determined by reference to the Public Debt Rating of S&P and
        Moody's in effect on such date as set forth below:

<TABLE>
<CAPTION>
    Public Debt Rating         Applicable
       S&P/Moody's             Percentage
    ------------------         ----------
<S>                            <C>
Level 1
   At least A- or A3 and
   not less than BBB+ or            0.10%
   Baa1

Level 2
   Less than Level 1,
   but at least BBB+ or
   Baa1 and not less
   than BBB or Baa2                0.125%

Level 3
   Less than Level 2,
   but at least BBB or
   Baa2 and not less
   than BBB- or Baa3                0.15%

Level 4
   Less than Level 3,
   but at least BBB- or
   Baa3 and not less               0.225%
   than BB+ or Ba1

Level 5
   Less than Level 4,
   but at least BB+ or             0.375%
   Ba1 and not less than
   BB or Ba2

Level 6
   Less than Level 5                0.50%
</TABLE>

               "Applicable Utilization Fee" means, as of any date, a percentage
        per annum determined by reference to the Public Debt Rating of S&P and
        Moody's in effect on such date as set forth below:

                                       2

<PAGE>
<TABLE>
<CAPTION>
    Public Debt Rating          Applicable
        S&P/Moody's           Utilization Fee
    ------------------        ---------------
<S>                           <C>
Level 1
   At least A- or A3 and
   not less than BBB+ or           0.125%
   Baa1

Level 2
   Less than Level 1,
   but at least BBB+ or
   Baa1 and not less
   than BBB or Baa2                0.125%

Level 3
   Less than Level 2,
   but at least BBB or
   Baa2 and not less
   than BBB- or Baa3               0.125%

Level 4
   Less than Level 3,
   but at least BBB- or
   Baa3 and not less               0.125%
   than BB+ or Ba1

Level 5
   Less than Level 4,
   but at least BB+ or
   Ba1 and not less than           0.125%
   BB or Ba2

Level 6
   Less than Level 5                0.25%
</TABLE>

               "Assignment and Acceptance" means an assignment and acceptance
        entered into by a Lender and an Eligible Assignee, and accepted by the
        Agent, in substantially the form of Exhibit C hereto.

               "Assuming Lender" has the meaning specified in Section 2.16(d).

               "Assumption Agreement" has the meaning specified in Section
        2.16(d)(ii).

               "Base Rate" means a fluctuating interest rate per annum in effect
        from time to time, which rate per annum shall at all times be equal to
        the highest of:

                       (a) the rate of interest announced publicly by Citibank
               in New York, New York, from time to time, as Citibank's base
               rate;

                       (b) the sum (adjusted to the nearest 1/4 of 1% or, if
               there is no nearest 1/4 of 1%, to the next higher 1/4 of 1%) of
               (i) 1/2 of 1% per annum, plus (ii) the rate obtained by dividing
               (A) the latest three-week moving average of secondary market
               morning offering rates in the United States for three-month
               certificates of deposit of major United States money market
               banks, such three-week moving average (adjusted to the basis of a
               year of 360 days) being determined weekly on each Monday (or, if
               such day is not a Business Day, on the next succeeding Business
               Day) for the three-week period ending on the previous Friday by
               Citibank on the basis of such rates reported by certificate of
               deposit dealers to and published by the Federal Reserve Bank of
               New York or, if such publication shall be suspended or
               terminated, on the basis of quotations for such rates received by
               Citibank from three New York certificate of deposit dealers of
               recognized standing selected by Citibank, by (B) a percentage
               equal to 100% minus the average of the daily percentages
               specified during such three-week period by the Board of Governors
               of the Federal Reserve System (or any successor) for determining
               the maximum reserve requirement (including,

                                       3

<PAGE>
               but not limited to, any emergency, supplemental or other marginal
               reserve requirement) for Citibank with respect to liabilities
               consisting of or including (among other liabilities) three-month
               U.S. dollar non-personal time deposits in the United States, plus
               (iii) the average during such three-week period of the annual
               assessment rates estimated by Citibank for determining the then
               current annual assessment payable by Citibank to the Federal
               Deposit Insurance Corporation (or any successor) for insuring
               U.S. dollar deposits of Citibank in the United States; and

                       (c) 1/2 of one percent per annum above the Federal Funds
               Rate.

               "Base Rate Advance" means an Advance that bears interest as
        provided in Section 2.06(a)(i).

               "Borrowing" means a borrowing consisting of Advances of the same
        Type made on the same day by the Lenders.

               "Business Day" means a day of the year (other than a Saturday or
        Sunday) on which banks are not required or authorized by law to close in
        New York, New York and Los Angeles, California and, if the applicable
        Business Day relates to any Eurodollar Rate Advances, on which dealings
        are carried on in the London interbank market.

               "Citibank" means Citibank, N.A., a national banking association
        organized and existing under the laws of the United States of America.

               "Commitment" means, as to any Lender, (a) if such Lender is an
        Initial Lender, the amount set forth opposite such Lender's name on the
        signature pages hereof, (b) if such Lender has become a Lender hereunder
        pursuant to an Assumption Agreement, the amount set forth in such
        Assumption Agreement or (c) if such Lender has entered into any
        Assignment and Acceptance, the amount set forth for such Lender in the
        Register maintained by the Agent pursuant to Section 8.07(c), in each
        case as such amount may be reduced pursuant to Section 2.04 or increased
        pursuant to Section 2.16.

               "Confidential Information" means information about the Borrower
        and its Subsidiaries and their existing and proposed operations,
        business plans, affairs, products and financial condition not generally
        disclosed to, or known by, the public that the Borrower furnishes to the
        Agent or any Lender pursuant to this Agreement.

               "Consenting Lender" has the meaning specified in Section 2.17(b).

               "Commitment Date" has the meaning specified in Section 2.16(b).

               "Commitment Increase" has the meaning specified in Section
        2.16(a).

               "Compliance Certificate" has the meaning specified in Section
        5.01(i)(i).

               "Consolidated" refers to the consolidation of accounts in
        accordance with GAAP.

               "Convert", "Conversion" and "Converted" each refers to a
        conversion of Advances of one Type into Advances of the other Type
        pursuant to Section 2.07 or 2.08.

               "Debt" of any Person means, without duplication, (a) all
        indebtedness of such Person for borrowed money, (b) all obligations of
        such Person for the deferred purchase price of property or services
        (other than (i) trade payables that are payable on customary terms and
        incurred in the ordinary course of such Person's business, and (ii)
        deferred compensation to any employee or director of the Borrower or any
        of its Subsidiaries), (c) all obligations of such Person evidenced by
        notes, bonds, debentures or other similar instruments, (d) all
        obligations of such Person created or arising under any conditional sale
        or other title retention agreement with respect to property acquired by
        such Person (even though the rights and remedies of the seller or lender
        under such agreement in the event of default are limited to repossession
        or

                                       4

<PAGE>
        sale of such property), (e) all obligations of such Person as lessee
        under leases that have been or should be, in accordance with GAAP,
        recorded as capital leases, (f) all obligations, contingent or
        otherwise, of such Person in respect of acceptances, letters of credit
        or similar extensions of credit, (g) all net obligations of such Person
        in respect of Hedge Agreements, (h) all Debt of others referred to in
        clauses (a) through (g) above or clause (i) below and other payment
        obligations (collectively, "Guaranteed Debt") guaranteed directly or
        indirectly in any manner by such Person, or in effect guaranteed
        directly or indirectly by such Person through an agreement (1) to pay or
        purchase such Guaranteed Debt or to advance or supply funds for the
        payment or purchase of such Guaranteed Debt, (2) to purchase, sell or
        lease (as lessee or lessor) property, or to purchase or sell services,
        primarily for the purpose of enabling the debtor to make payment of such
        Guaranteed Debt or to assure the holder of such Guaranteed Debt against
        loss, (3) to supply funds to or in any other manner invest in the debtor
        (including any agreement to pay for property or services irrespective of
        whether such property is received or such services are rendered) or (4)
        otherwise to assure a creditor against loss, and (i) all Debt referred
        to in clauses (a) through (h) above (including Guaranteed Debt) secured
        by (or for which the holder of such Debt has an existing right,
        contingent or otherwise, to be secured by) any Lien on property
        (including, without limitation, accounts and contract rights) owned by
        such Person, even though such Person has not assumed or become liable
        for the payment of such Debt; provided, however, that clauses (f) and
        (g) shall not include up to $50,000,000 (in the aggregate) of Debt of
        Persons other than the Borrower and its Subsidiaries outstanding at any
        time if and to the extent that (i) such Debt evidences a lease or
        purchase of goods or services by such Person from the Borrower or any
        Subsidiary of the Borrower, (ii) such Debt would not otherwise
        constitute Debt but for the fact that the Borrower or any Subsidiary of
        the Borrower (or any property of the Borrower or any Subsidiary of the
        Borrower) is subject to recourse liability for the payment or purchase
        of all or a portion thereof in connection with the sale of such Debt and
        (iii) such recourse liability does not exceed 15% of the sale price
        thereof.

               "Default" means any Event of Default or any event that would
        constitute an Event of Default but for the requirement that notice be
        given or time elapse or both.

               "Default Interest" has the meaning specified in Section 2.06(b).

               "Defaulting Lender" means, at any time, any Lender that, at such
        time, (a) has failed to make any Advance required to be made by such
        Lender to the Borrower pursuant to Section 2.01 at or prior to such
        time, or (b) has failed to pay any amount required to be paid by such
        Lender to the Agent or any other Lender hereunder at or prior to such
        time, including, without limitation, any amount required to be paid by
        such Lender to (i) the Agent pursuant to Section 2.02(d) to reimburse
        the Agent for the amount of any Advance made by the Agent for the
        account of such Lender, (ii) any other Lender pursuant to Section 2.14
        to purchase any participation in Advances owing to such other Lender,
        and (iii) the Agent pursuant to Section 7.05 to reimburse the Agent for
        such Lender's ratable share of any amount required to be paid by the
        Lenders to the Agent as provided therein, or (c) shall take any action
        or be the subject of any action or proceeding described in Section
        6.01(e).

               "Domestic Lending Office" means, with respect to any Lender, the
        office of such Lender specified as its "Domestic Lending Office"
        opposite its name on Schedule I hereto or in the Assumption Agreement or
        the Assignment and Acceptance pursuant to which it became a Lender, or
        such other office of such Lender as such Lender may from time to time
        specify to the Borrower and the Agent.

               "EBITDA" means, for any period, net income (or net loss) for such
        period plus the sum of (a) Interest Expense for such period, (b) income
        and franchise tax expense for such period, (c) depreciation expense for
        such period, (d) amortization expense for such period, and (e)
        extraordinary charges and special, one-time charges for such period but
        only to the extent not in excess of 20% of EBITDA for such period
        calculated without giving effect to this clause (e), in each case
        determined in accordance with GAAP.

               "Effective Date" has the meaning specified in Section 3.01.

                                       5

<PAGE>
               "Eligible Assignee" means (i) a Lender, (ii) an Affiliate of a
        Lender, and (iii) any other financial institution having a combined
        capital and surplus of at least $250,000,000 or other accredited
        investor (as defined in Regulation D under the Securities Act), in each
        case, approved by the Agent and, unless an Event of Default has occurred
        and is continuing at the time any assignment is effected in accordance
        with Section 8.06, the Borrower, such approval not to be unreasonably
        withheld or delayed; provided, however, that neither the Borrower nor an
        Affiliate of the Borrower shall qualify as an Eligible Assignee.

               "Environmental Action" means any action, suit, demand, demand
        letter, claim, notice of non-compliance or violation, notice of
        liability or potential liability, investigation, proceeding, consent
        order or consent agreement by, to or against the Borrower or any
        Subsidiary of the Borrower or with respect to the business or properties
        of the Borrower or any Subsidiary of the Borrower relating in any way to
        any Environmental Law, Environmental Permit or Hazardous Materials or
        arising from alleged injury or threat of injury to health, safety or the
        environment, including, without limitation, (a) by any governmental or
        regulatory authority for enforcement, cleanup, removal, response,
        remedial or other actions or damages and (b) by any governmental or
        regulatory authority or any third party for damages, contribution,
        indemnification, cost recovery, compensation or injunctive relief.

               "Environmental Law" means any federal, state, local or foreign
        statute, law, ordinance, rule, regulation, code, order, judgment, decree
        or judicial or agency interpretation, policy or guidance relating to
        pollution or protection of the environment, health, safety or natural
        resources, including, without limitation, those relating to the use,
        handling, transportation, treatment, storage, disposal, release or
        discharge of Hazardous Materials, in each case as applicable to the
        Borrower or any Subsidiary of the Borrower or with respect to the
        business or properties of the Borrower or any Subsidiary of the
        Borrower.

               "Environmental Permit" means any permit, approval, identification
        number, license or other authorization required to be obtained by the
        Borrower or any Subsidiary of the Borrower or required in respect of any
        business or properties of the Borrower or any Subsidiary of the Borrower
        under any Environmental Law.

               "Equipment for Resale" means any instrument systems and related
        accessories and components manufactured or assembled by or on behalf of
        the Borrower or any of its Subsidiaries that are owned by the Borrower
        or such Subsidiary and held for placement or placed (pursuant to leases,
        bailment arrangements or rental agreements) in facilities of the
        Borrower's or such Subsidiary's customers (including distributors,
        commission representatives, agents and their customers).

               "ERISA" means the Employee Retirement Income Security Act of
        1974, as amended from time to time, and the regulations promulgated and
        rulings issued thereunder.

               "ERISA Affiliate" means any Person that for purposes of Title IV
        of ERISA is a member of the Borrower's controlled group, or under common
        control with the Borrower, within the meaning of Section 414 of the
        Internal Revenue Code.

               "ERISA Event" means (a) the occurrence of a reportable event,
        within the meaning of Section 4043 of ERISA, with respect to any Plan
        unless the 30-day notice requirement with respect to such event has been
        waived by the PBGC; (b) the application for a minimum funding waiver
        with respect to a Plan; (c) the provision by the administrator of any
        Plan of a notice of intent to terminate such Plan pursuant to Section
        4041(a)(2) of ERISA (including any such notice with respect to a plan
        amendment referred to in Section 4041(e) of ERISA); (d) the cessation of
        operations at a facility of the Borrower or any ERISA Affiliate in the
        circumstances described in Section 4062(e) of ERISA; (e) the withdrawal
        by the Borrower or any ERISA Affiliate from a Multiple Employer Plan
        during a plan year for which it was a substantial employer, as defined
        in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of
        a lien under Section 302(f) of ERISA shall have been met with respect to
        any Plan; (g) the adoption of an amendment to a Plan requiring the
        provision of security to such Plan pursuant to Section 307 of ERISA; or
        (h) the institution by the PBGC of proceedings to terminate a Plan
        pursuant to Section 4042 of ERISA, or the occurrence of any event or
        condition described in Section 4042 of ERISA that constitutes grounds
        for the termination of, or the appointment of a trustee to administer, a
        Plan.

                                       6

<PAGE>
               "Eurocurrency Liabilities" has the meaning assigned to that term
        in Regulation D of the Board of Governors of the Federal Reserve System,
        as in effect from time to time.

               "Eurodollar Lending Office" means, with respect to any Lender,
        the office of such Lender specified as its "Eurodollar Lending Office"
        opposite its name on Schedule I hereto or in the Assumption Agreement or
        the Assignment and Acceptance pursuant to which it became a Lender (or,
        if no such office is specified, its Domestic Lending Office), or such
        other office of such Lender as such Lender may from time to time specify
        to the Borrower and the Agent.

               "Eurodollar Rate" means, for any Interest Period for each
        Eurodollar Rate Advance comprising part of the same Borrowing, the
        interest rate per annum obtained by dividing (a) the offered rate in the
        London interbank market for deposits in United States dollars for a term
        comparable to such Interest Period, as shown on the Bridge/Telerate page
        3750 as of 11:00 a.m., London time, two Business Days prior to the first
        day of such Interest Period, provided that (i) if more than one offered
        rate as described above appears on such Bridge/Telerate page, the rate
        computed pursuant to this clause (a) shall be the arithmetic average
        (rounded upward, if necessary, to the next higher 1/100 of 1%) of such
        offered rates, (ii) if the Agent ceases generally to use such
        Bridge/Telerate page for determining interest rates based on eurodollar
        deposit rates, a comparable internationally recognized interest rate
        reporting service selected by the Agent shall be used by the Agent in
        lieu of such Bridge/Telerate page, and (iii) if no such offered rates as
        described above appear on such Bridge/Telerate page (or such comparable
        reporting service), the rate computed pursuant to this clause (a) shall
        be the average (rounded upward to the nearest whole multiple of 1/16 of
        1% per annum, if such average is not such a multiple) of the rates per
        annum at which deposits in U.S. dollars are offered by the principal
        office of each of the Reference Banks in London, England to prime banks
        in the London interbank market at 11:00 A.M. (London time) two Business
        Days before the first day of such Interest Period in an amount
        substantially equal to such Reference Bank's Eurodollar Rate Advance
        (or, in the case of Citibank, CUSA's Eurodollar Rate Advance) comprising
        part of such Borrowing to be outstanding during such Interest Period and
        for a period equal to such Interest Period, by (b) a percentage equal to
        100% minus the Eurodollar Rate Reserve Percentage for such Interest
        Period. In the case of clause (a)(iii) above, the Eurodollar Rate for
        any Interest Period for each Eurodollar Rate Advance comprising part of
        the same Borrowing shall be determined by the Agent on the basis of
        applicable rates furnished to and received by the Agent from the
        Reference Banks two Business Days before the first day of such Interest
        Period, subject, however, to the provisions of Section 2.07.

               "Eurodollar Rate Advance" means an Advance that bears interest as
        provided in Section 2.06(a)(ii).

               "Eurodollar Rate Reserve Percentage" for any Interest Period for
        all Eurodollar Rate Advances comprising part of the same Borrowing means
        the reserve percentage applicable two Business Days before the first day
        of such Interest Period under regulations issued from time to time by
        the Board of Governors of the Federal Reserve System (or any successor)
        for determining the maximum reserve requirement (including, without
        limitation, any emergency, supplemental or other marginal reserve
        requirement) for a member bank of the Federal Reserve System in New York
        City with respect to liabilities or assets consisting of or including
        Eurocurrency Liabilities (or with respect to any other category of
        liabilities that includes deposits by reference to which the interest
        rate on Eurodollar Rate Advances is determined) having a term equal to
        such Interest Period.

               "Events of Default" has the meaning specified in Section 6.01.

               "Extension Date" has the meaning specified in Section 2.17(b).

               "Federal Funds Rate" means, for any period, a fluctuating
        interest rate per annum equal for each day during such period to the
        weighted average of the rates on overnight Federal funds transactions
        with members of the Federal Reserve System arranged by Federal funds
        brokers, as published for such day (or, if such day is not a Business
        Day, for the next preceding Business Day) by the Federal Reserve Bank of
        New York, or, if such rate is not so published for any day that is a
        Business Day, the average of the

                                       7

<PAGE>
        quotations for such day on such transactions received by the Agent from
        three Federal funds brokers of recognized standing selected by it.

               "Fitch" means Fitch, Inc.

               "Funded Debt" of any Person means, without duplication, (a) all
        indebtedness of such Person for borrowed money, (b) all obligations of
        such Person evidenced by notes, bonds, debentures or other similar
        instruments, (c) all obligations of such Person created or arising under
        any conditional sale or other title retention agreement with respect to
        property acquired by such Person (even though the rights and remedies of
        the seller or lender under such agreement in the event of default are
        limited to repossession or sale of such property), (d) all obligations
        of such Person as lessee under leases that have been or should be, in
        accordance with GAAP, recorded as capital leases, (e) all obligations,
        contingent or otherwise, of such Person in respect of acceptances,
        letters of credit or similar extensions of credit, (f) all Funded Debt
        of others referred to in clauses (a) through (e) above or clause (g)
        below and other payment obligations (collectively, "Guaranteed Funded
        Debt") guaranteed directly or indirectly in any manner by such Person,
        or in effect guaranteed directly or indirectly by such Person through an
        agreement (1) to pay or purchase such Guaranteed Funded Debt or to
        advance or supply funds for the payment or purchase of such Guaranteed
        Funded Debt, (2) to purchase, sell or lease (as lessee or lessor)
        property, or to purchase or sell services, primarily for the purpose of
        enabling the debtor to make payment of such Guaranteed Funded Debt or to
        assure the holder of such Guaranteed Funded Debt against loss, (3) to
        supply funds to or in any other manner invest in the debtor (including
        any agreement to pay for property or services irrespective of whether
        such property is received or such services are rendered) or (4)
        otherwise to assure a creditor against loss, and (g) all Funded Debt
        referred to in clauses (a) through (f) above (including Guaranteed
        Funded Debt) secured by (or for which the holder of such Funded Debt has
        an existing right, contingent or otherwise, to be secured by) any Lien
        on property (including, without limitation, accounts and contract
        rights) owned by such Person, even though such Person has not assumed or
        become liable for the payment of such Funded Debt; provided, however,
        that clauses (f) and (g) shall not include up to $50,000,000 (in the
        aggregate) of Funded Debt of Persons other than the Borrower and its
        Subsidiaries outstanding at any time if and to the extent that (i) such
        Funded Debt evidences a lease or purchase of goods or services by such
        Person from the Borrower or any Subsidiary of the Borrower, (ii) such
        Funded Debt would not otherwise constitute Funded Debt but for the fact
        that the Borrower or any Subsidiary of the Borrower (or any property of
        the Borrower or any Subsidiary of the Borrower) is subject to recourse
        liability for the payment or purchase of all or a portion thereof in
        connection with the sale of such Funded Debt and (iii) such recourse
        liability does not exceed 15% of the sale price thereof.

               "GAAP" means generally accepted accounting principles (consistent
        with those applied in the preparation of any financial statements
        referred to in Section 4.01(e) hereof) in the United States of America
        as in effect on the date of this Agreement, including those set forth in
        the opinions and pronouncements of the Accounting Principles Board of
        the American Institute of Certified Public Accountants and statements of
        the Financial Accounting Standards Board or in such other statement by
        such other entity as approved by a significant segment of the United
        States accounting profession.

               "Granting Lender" has the meaning specified in Section 8.07(h).

               "Hazardous Materials" means (a) petroleum and petroleum products,
        byproducts or breakdown products, radioactive materials,
        asbestos-containing materials, polychlorinated biphenyls and radon gas
        and (b) any other chemicals, materials or substances designated,
        classified or regulated as hazardous or toxic or as a pollutant or
        contaminant under any Environmental Law.

               "Hedge Agreements" means interest rate swap, cap or collar
        agreements, interest rate future or option contracts, currency swap
        agreements, currency or commodity future or option contracts and other
        similar agreements.

               "Increase Date" has the meaning specified in Section 2.16(a).

                                       8

<PAGE>
               "Increasing Lender" has the meaning specified in Section 2.16(b).

               "Information Memorandum" means the information memorandum dated
        [May] 2002 used by the Agent and the Arrangers in connection with the
        syndication of the Commitments.

               "Interest Expense" means, for any period, the sum of (i) interest
        expense, including, without limitation and without duplication, (a)
        amortization of debt discount, (b) amortization of fees (including,
        without limitation, fees payable in respect of Hedge Agreements) payable
        in connection with the incurrence of Debt to the extent included in
        interest expense, and (c) the portion of any liabilities incurred in
        connection with capitalized leases allocable to interest expense, in
        each case of the Borrower and its Subsidiaries on a Consolidated basis,
        determined in accordance with GAAP for such period, and (ii) any
        dividends paid or accrued in respect of any preferred stock of the
        Borrower during such period.

               "Interest Period" means, for each Eurodollar Rate Advance
        comprising part of the same Borrowing, the period commencing on the date
        of such Eurodollar Rate Advance or the date of the Conversion of any
        Base Rate Advance into such Eurodollar Rate Advance and ending on the
        last day of the period selected by the Borrower pursuant to the
        provisions below and, thereafter, each subsequent period commencing on
        the last day of the immediately preceding Interest Period and ending on
        the last day of the period selected by the Borrower pursuant to the
        provisions below. The duration of each such Interest Period shall be
        one, two, three or six months or, if available by all Lenders, nine or
        twelve months, as the Borrower may, upon notice received by the Agent
        not later than 11:00 A.M. (New York City time) on the third Business Day
        prior to the first day of such Interest Period, select; provided,
        however, that:

                       (i) the Borrower may not select any Interest Period that
               ends after the Termination Date;

                       (ii) Interest Periods commencing on the same date for
               Eurodollar Rate Advances comprising part of the same Borrowing
               shall be of the same duration;

                       (iii) whenever the last day of any Interest Period would
               otherwise occur on a day other than a Business Day, the last day
               of such Interest Period shall be extended to occur on the next
               succeeding Business Day, provided, however, that if such
               extension would cause the last day of such Interest Period to
               occur in the next following calendar month, the last day of such
               Interest Period shall occur on the next preceding Business Day;
               and

                       (iv) whenever the first day of any Interest Period occurs
               on a day of an initial calendar month for which there is no
               numerically corresponding day in the calendar month that succeeds
               such initial calendar month by the number of months equal to the
               number of months in such Interest Period, such Interest Period
               shall end on the last Business Day of such succeeding calendar
               month.

               "Internal Revenue Code" means the Internal Revenue Code of 1986,
        as amended from time to time, and the regulations promulgated and
        rulings issued thereunder.

               "Inventory" shall have the meaning ascribed to such term under
        GAAP.

               "Lenders" means the Initial Lenders, each Assuming Lender that
        shall become a party hereto pursuant to Section 2.16 or 2.17 and each
        Person that shall become a party hereto pursuant to Section 8.06.

               "Lien" means any lien, security interest or other charge or
        encumbrance of any kind, or any other type of preferential arrangement,
        including, without limitation, the lien or retained security title of a
        conditional vendor and any easement, right of way or other encumbrance
        on title to real property.

               "Material Adverse Change" means any material adverse change (or
        any event or condition which, solely with the passage of time, has a
        substantial likelihood of causing or resulting in a Material Adverse

                                       9

<PAGE>
        Change) in the business, financial condition, operations, performance or
        properties of the Borrower or the Borrower and its Subsidiaries taken as
        a whole.

               "Material Adverse Effect" means a material adverse effect on (a)
        the business, financial condition, operations, performance or properties
        of the Borrower or the Borrower and its Subsidiaries taken as a whole,
        (b) the rights and remedies of the Agent or any Lender under this
        Agreement or any Note or (c) the ability of the Borrower to perform its
        obligations under this Agreement or any Note.

               "Moody's" means Moody's Investors Service, Inc.

               "Multiemployer Plan" means a multiemployer plan, as defined in
        Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA
        Affiliate is making or accruing an obligation to make contributions, or
        has within any of the preceding five plan years made or accrued an
        obligation to make contributions.

               "Multiple Employer Plan" means a single employer plan, as defined
        in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of
        the Borrower or any ERISA Affiliate and at least one Person other than
        the Borrower and the ERISA Affiliates or (b) was so maintained and in
        respect of which the Borrower or any ERISA Affiliate could have
        liability under Section 4064 or 4069 of ERISA in the event such plan has
        been or were to be terminated.

               "1997 Credit Agreement" means the credit agreement dated as of
        October 31, 1997 among the Borrower, as borrower, the banks, financial
        institutions and other institutional lenders listed on the signature
        pages thereof as initial lenders, Citibank, N.A., as initial issuing
        bank, Citicorp USA, Inc., as agent for the lender parties, and Citicorp
        Securities, Inc., as arranger, as amended.

               "Non-Consenting Lender" has the meaning specified in Section
        2.17(b).

               "Note" means a promissory note of the Borrower payable to the
        order of any Lender, in substantially the form of Exhibit A hereto,
        evidencing the aggregate indebtedness of the Borrower to such Lender
        resulting from the Advances made by such Lender.

               "Notice of Borrowing" has the meaning specified in Section 2.02.

               "Other Taxes" has the meaning specified in Section 2.13.

               "PBGC" means the Pension Benefit Guaranty Corporation (or any
        successor).

               "Permitted Liens" means: (a) Liens for taxes, assessments and
        governmental charges or levies to the extent not required to be paid
        under Section 5.01(b) hereof; (b) Liens imposed by law, such as
        materialmen's, mechanics', landlords', bailees', carriers',
        warehousemen's, workmen's and repairmen's Liens and other similar Liens
        arising in the ordinary course of business securing obligations that are
        not overdue for a period of more than 60 days or, if so overdue, are
        being diligently contested in good faith by appropriate proceedings and
        for which adequate reserves have been established in accordance with
        GAAP; (c) pledges or deposits in the ordinary course of business to
        secure non-delinquent obligations incurred in the ordinary course of
        business (other than for borrowed money) or non-delinquent obligations
        under workers' compensation or unemployment laws or similar legislation
        or to secure the performance of public regulatory obligations which are
        not delinquent, bid, surety and appeal bonds, performance bonds or other
        obligations of a like nature (other than for borrowed money), deposits
        with utility companies or insurance carriers in the ordinary course of
        business, and bankers' liens or rights of setoff with respect to bank
        accounts; (d) Uniform Commercial Code financing statements (or similar
        statements under foreign laws) filed for precautionary purposes in
        connection with any true lease of property which is not prohibited under
        this Agreement and under which the Borrower or any of its Subsidiaries
        is lessee, provided that any such financing statement does not cover any
        property other than the property subject to such lease and the proceeds
        thereof; and Uniform Commercial Code financing statements filed in
        connection with any Liens otherwise permitted under this Agreement,
        provided that any such financing statements do not cover any

                                       10

<PAGE>
        property other than the property subject to such Liens and the proceeds
        thereof; (e) easements, rights of way and other non-monetary
        encumbrances on title to real property that do not render title to the
        property encumbered thereby unmarketable or materially adversely affect
        the use of such property for its present purposes; and (f) any Liens
        arising as a result of a sale or discount in the ordinary course of
        business by the Borrower or any Subsidiary of the Borrower of customer
        leases or other receivables for cash in a amount not less than the fair
        market value thereof (after taking into account customary reserves for
        losses, yield protection, fees and similar matters), provided that such
        Liens shall cover only the assets sold or the equipment subject to such
        leases and the proceeds thereof.

               "Person" means an individual, partnership, corporation (including
        a business trust), joint stock company, trust, unincorporated
        association, joint venture, limited liability company or other entity,
        or a government or any political subdivision or agency thereof.

               "Plan" means a Single Employer Plan or a Multiple Employer Plan.

               "Public Debt Rating" means, as of any date, the lowest rating
        that has been most recently announced by either S&P or Moody's, as the
        case may be, for any class of non-credit enhanced long-term senior
        unsecured debt issued by the Borrower. For purposes of the foregoing,
        (a) if only one of S&P and Moody's shall have in effect a Public Debt
        Rating, the Applicable Margin, the Applicable Percentage and the
        Applicable Utilization Fee shall be determined by reference to Level 6
        of the relevant definition; (b) if neither S&P nor Moody's shall have in
        effect a Public Debt Rating, the Applicable Margin, the Applicable
        Percentage and the Applicable Utilization Fee will be set in accordance
        with Level 6 under the definition of Applicable Margin, Applicable
        Percentage or Applicable Utilization Fee, as the case may be; (c) if any
        rating established by S&P or Moody's shall be changed, such change shall
        be effective as of the date on which such change is first announced
        publicly by the rating agency making such change; and (d) if S&P or
        Moody's shall change the basis on which ratings are established, each
        reference to the Public Debt Rating announced by S&P or Moody's, as the
        case may be, shall refer to the then equivalent rating by S&P or
        Moody's, as the case may be. Anything contained herein to the contrary
        notwithstanding, for purposes of determining the Applicable Margin, the
        Applicable Percentage or the Applicable Utilization Fee at any time, (i)
        if either S&P or Moody's shall no longer be in the business of issuing
        public debt ratings, the comparable ratings of Fitch shall be
        substituted for the ratings of S&P or Moody's, as the case may be, and
        (ii) if neither S&P nor Moody's shall be in the business of issuing such
        ratings, the Applicable Margin, the Applicable Percentage and the
        Applicable Utilization Fee will be determined in accordance with clause
        (b) above.

               "Reference Banks" means Citibank, Bank of America, N.A. and Bank
        One, N.A.

               "Register" has the meaning specified in Section 8.06(c).

               "Required Lenders" means, at any time, Lenders owed at least a
        majority in interest of the then aggregate unpaid principal amount of
        the Advances owing to Lenders, or, if no such principal amount is then
        outstanding, Lenders having at least a majority in interest of the
        Commitments.

               "Responsible Officer" means the Chairman, the Chief Executive
        Officer, the President, the Chief Financial Officer, the Secretary, the
        Corporate Controller or the Treasurer of the Borrower.

               "S&P" means Standard & Poor's, a division of The McGraw-Hill
        Companies, Inc.

               "Significant Subsidiary" means each Subsidiary now existing or
        hereafter acquired or formed, and each successor thereto, which accounts
        for more than 3% of (i) the Consolidated gross revenues of the Borrower
        and its Subsidiaries, (ii) Consolidated EBITDA, or (iii) the
        Consolidated assets of the Borrower and its Subsidiaries, in each case,
        as of the last day of the most recently completed fiscal quarter of the
        Borrower with respect to which, pursuant to clauses (i) or (ii) of
        Section 5.02(i), financial statements have been, or are required to have
        been, delivered by the Borrower.

                                       11

<PAGE>
               "Single Employer Plan" means a single employer plan, as defined
        in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of
        the Borrower or any ERISA Affiliate and no Person other than the
        Borrower and the ERISA Affiliates or (b) was so maintained and in
        respect of which the Borrower or any ERISA Affiliate could have
        liability under Section 4069 of ERISA in the event such plan has been or
        were to be terminated.

               "Solvent" means, with respect to any Person on a particular date,
        that on such date (a) the fair value of the property of such Person is
        greater than the total amount of liabilities, including contingent
        liabilities, of such Person, (b) the present fair salable value of the
        assets of such Person is not less than the amount that will be required
        to pay the probable liability of such Person on its debts as they become
        absolute and matured, (c) such Person does not intend to, and does not
        believe that it will, incur debts or liabilities beyond such Person's
        ability to pay such debts and liabilities as they mature and (d) such
        Person is not engaged in business or a transaction, and is not about to
        engage in business or a transaction, for which such Person's property
        constitutes an unreasonably small capital. The amount of contingent
        liabilities at any time shall be computed as the amount that, in the
        light of all the facts and circumstances existing at such time,
        represents the amount that can reasonably be expected to become an
        actual or matured liability.

               "SPC" has the meaning specified in Section 8.07(h).

               "Specified Officer" means any Responsible Officer, the General
        Counsel of the Borrower, and any other executive officer identified as
        such in the Borrower's annual report on Form 10-K filed pursuant to the
        Securities Exchange Act of 1934, as amended, and the rules and
        regulations promulgated thereunder.

               "Subsidiary" of any Person means any corporation, partnership,
        joint venture, limited liability company, trust or estate of which (or
        in which) more than 50% of (a) the issued and outstanding capital stock
        having ordinary voting power to elect a majority of the Board of
        Directors of such corporation (irrespective of whether at the time
        capital stock of any other class or classes of such corporation shall or
        might have voting power upon the occurrence of any contingency), (b) the
        interest in the capital or profits of such limited liability company,
        partnership or joint venture or (c) the beneficial interest in such
        trust or estate is at the time directly or indirectly owned or
        controlled by such Person, by such Person and one or more of its other
        Subsidiaries or by one or more of such Person's other Subsidiaries.

               "Taxes" has the meaning specified in Section 2.13.

               "Termination Date" means the earlier of (a) July 10, 2005,
        subject to the extension thereof pursuant to Section 2.17 and (b) the
        date of termination in whole of the Commitments pursuant to Section 2.04
        or 6.01; provided, however, that the Termination Date of any Lender that
        is a Non-Consenting Lender to any requested extension pursuant to
        Section 2.17 shall be the Termination Date in effect immediately prior
        to the applicable Extension Date for all purposes of this Agreement.

               "Type" shall have the meaning ascribed to such term in the
        definition of the term "Advance".

               "Voting Stock" means capital stock issued by a corporation, or
        equivalent interests in any other Person, the holders of which are
        ordinarily, in the absence of contingencies, entitled to vote for the
        election of directors (or persons performing similar functions) of such
        Person, even if the right so to vote has been suspended by the happening
        of such a contingency.

               SECTION 1.02. Computation of Time Periods. In this Agreement in
the computation of periods of time from a specified date to a later specified
date, the word "from" means "from and including" and the words "to" and "until"
each mean "to but excluding".

               SECTION 1.03. Accounting Terms. All accounting terms not
specifically defined herein shall be construed in accordance with GAAP. In the
event any "Accounting Change" (as defined below) shall occur and such changes
affect the calculation of any financial covenant set forth in Section 5.03 of
this Agreement, then the

                                       12

<PAGE>
Borrower and the Lenders agree to enter into negotiations in order to amend such
provisions of this Agreement so as to equitably reflect such Accounting Change
with the desired result that the criteria for evaluating the financial condition
of Borrower and its Subsidiaries shall be the same after such Accounting Change
as if such Accounting Change had not been made, and until such time as such an
amendment shall have been executed and delivered by the Borrower and Required
Lenders, (A) such financial covenants, shall be calculated as if such Accounting
Change had not been made, and (B) the Borrower shall include with each
compliance certificate and the financial statements required to be delivered
hereunder, a reconciliation that shows the differences between the financial
statements delivered (which reflect such Accounting Change) and the basis for
calculating financial covenant compliance (without reflecting such Accounting
Change). "Accounting Change" means a change in accounting principles required by
GAAP and implemented by the Borrower.

                                   ARTICLE II

                        AMOUNTS AND TERMS OF THE ADVANCES

               SECTION 2.01. The Advances. Each Lender severally agrees, on the
terms and conditions hereinafter set forth, to make Advances to the Borrower
from time to time on any Business Day during the period from the Effective Date
until the Termination Date in an aggregate amount not to exceed at any time
outstanding such Lender's Commitment. Each Borrowing shall be in an aggregate
amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and
shall consist of Advances of the same Type made on the same day by the Lenders
ratably according to their respective Commitments. Within the limits of each
Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay
pursuant to Section 2.09 and reborrow under this Section 2.01.

               SECTION 2.02. Making the Advances. (a) Each Borrowing shall be
made on notice, given not later than 11:00 A.M. (New York City time) on the
third Business Day prior to the date of the proposed Borrowing in the case of a
Borrowing consisting of Eurodollar Rate Advances, or on the same Business Day of
the proposed Borrowing in the case of a Borrowing consisting of Base Rate
Advances, by the Borrower to the Agent, which shall give to each Lender prompt
notice thereof by facsimile transmission or electronic mail message. Each such
notice of a Borrowing (a "Notice of Borrowing") shall be by telephone, confirmed
promptly in writing, or facsimile transmission or electronic mail message, in
substantially the form of Exhibit B hereto, specifying therein the requested (i)
date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii)
aggregate amount of such Borrowing, and (iv) in the case of a Borrowing
consisting of Eurodollar Rate Advances, initial Interest Period for each such
Advance. Each Lender shall, before noon (New York City time) on the date of such
Borrowing, make available for the account of its Applicable Lending Office to
the Agent at the Agent's Account, in same day funds, such Lender's ratable
portion of such Borrowing. After the Agent's receipt of such funds and upon
fulfillment of the applicable conditions set forth in Article III, the Agent
will make such funds available to the Borrower at the Agent's address referred
to in Section 8.02.

        (a) Anything in Section 2.02 (a) above to the contrary notwithstanding,
(i) the Borrower may not select Eurodollar Rate Advances for any Borrowing if
the aggregate amount of such Borrowing is less than $5,000,000 or if the
obligation of the Lenders to make Eurodollar Rate Advances shall then be
suspended pursuant to Section 2.07 or 2.11 and (ii) the Eurodollar Rate Advances
may not be outstanding as part of more than seven separate Borrowings.

        (b) Each Notice of Borrowing shall be irrevocable and binding on the
Borrower. In the case of any Borrowing that the related Notice of Borrowing
specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall
indemnify each Lender against any loss, cost or expense incurred by such Lender
as a result of any failure to fulfill on or before the date specified in such
Notice of Borrowing for such Borrowing the applicable conditions set forth in
Article III, including, without limitation, any loss (including loss of
anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by such Lender to fund the
Advance to be made by such Lender as part of such Borrowing when such Advance,
as a result of such failure, is not made on such date.

                                       13

<PAGE>
        (c) Unless the Agent shall have received notice from a Lender prior to
the date of any Borrowing that such Lender will not make available to the Agent
such Lender's ratable portion of such Borrowing, the Agent may assume that such
Lender has made such portion available to the Agent on the date of such
Borrowing in accordance with Section 2.02(a) and the Agent may, in reliance upon
such assumption, make available to the Borrower on such date a corresponding
amount. If and to the extent that such Lender shall not have so made such
ratable portion available to the Agent, such Lender and the Borrower severally
agree to repay to the Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made
available to the Borrower until the date such amount is repaid to the Agent, at
(i) in the case of the Borrower, the interest rate applicable at the time to
Advances comprising such Borrowing and (ii) in the case of such Lender, the
Federal Funds Rate. If such Lender shall repay to the Agent such corresponding
amount, such amount so repaid shall constitute such Lender's Advance as part of
such Borrowing for purposes of this Agreement.

        (d) The failure of any Lender to make the Advance to be made by it as
part of any Borrowing shall not relieve any other Lender of its obligation, if
any, hereunder to make its Advance on the date of such Borrowing, but no Lender
shall be responsible for the failure of any other Lender to make the Advance to
be made by such other Lender on the date of any Borrowing.

               SECTION 2.03. Fees. (a) Facility Fee. The Borrower agrees to pay
to the Agent for the account of each Lender a facility fee on the aggregate
average daily amount of such Lender's Commitment from the date hereof in the
case of each Initial Lender and from the effective date specified in the
Assumption Agreement or the Assignment and Acceptance pursuant to which it
became a Lender in the case of each other Lender until the Termination Date at a
rate per annum equal to the Applicable Percentage in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September and
December, commencing September, 2002, and on the Termination Date.

        (a) Fees of the Agent and the Arrangers. The Borrower shall pay to the
Agent and each of the Arrangers for their respective accounts such fees as may
from time to time be agreed between the Borrower and the Agent and the
Arrangers.

               SECTION 2.04. Termination or Reduction of the Commitments. The
Borrower shall have the right, upon at least three Business Days' notice to the
Agent, to terminate in whole or permanently reduce ratably in part the unused
portions of the respective Commitments of the Lenders, provided that each
partial reduction shall be in the aggregate amount of $5,000,000 or an integral
multiple of $1,000,000 in excess thereof.

               SECTION 2.05. Repayment. The Borrower shall repay to the Agent
for the ratable account of the Lenders on the Termination Date the aggregate
principal amount of the Advances then outstanding.

               SECTION 2.06. Interest. (a) Scheduled Interest. The Borrower
shall pay interest on the unpaid principal amount of each Advance owing to each
Lender from the date of such Advance until such principal amount shall be paid
in full, at the following rates per annum:

               (i) Base Rate Advances. During such periods as such Advance is a
        Base Rate Advance, a rate per annum equal at all times to the Base Rate
        in effect from time to time plus, at any time that the aggregate
        principal amount of Advances outstanding exceeds 50% of the aggregate
        amount of the Commitments, the Applicable Utilization Fee in effect from
        time to time, payable in arrears monthly on the last day of each month
        during such periods and on the date such Base Rate Advance shall be
        Converted or paid in full.

               (ii) Eurodollar Rate Advances. During such periods as such
        Advance is a Eurodollar Rate Advance, a rate per annum equal at all
        times during each Interest Period for such Advance to the sum of (x) the
        Eurodollar Rate for such Interest Period for such Advance plus (y) the
        Applicable Margin in effect from time to time plus (z) at any time that
        the aggregate principal amount of Advances outstanding exceeds 50% of
        the aggregate amount of the Commitments, the Applicable Utilization Fee
        in effect from time to time, payable in arrears on the last day of such
        Interest Period and, if such Interest Period has a duration of more than
        three months, on each day that occurs during such Interest Period every
        three months from the

                                       14

<PAGE>
        first day of such Interest Period and on the date such Eurodollar Rate
        Advance shall be Converted or paid in full.

        (b) Default Interest. Upon the occurrence and during the continuance of
an Event of Default under Section 6.01(a), the Borrower shall pay interest
("Default Interest") on (i) the unpaid principal amount of each Advance owing to
each Lender, payable in arrears on the dates referred to in clause (a)(i) or
(a)(ii) above, at a rate per annum equal at all times to 2.00% above the
interest rate required to be paid on such Advance pursuant to clause (a)(i) or
(a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any
interest, fee or other amount payable hereunder that is not paid when due, from
the date such amount shall be due until such amount shall be paid in full,
payable in arrears on the date such amount shall be paid in full and on demand,
at a rate per annum equal at all times to 2.00% above the interest rate required
to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided,
however, that following acceleration of the Advances pursuant to Section 6.01,
Default Interest shall accrue and be payable hereunder whether or not previously
required by the Agent.

               SECTION 2.07. Interest Rate Determination. (a) In the event that
the Eurodollar Rate is to be determined in accordance with clause (a)(iii) of
the definition thereof, each Reference Bank shall, upon request by the Agent,
furnish to the Agent timely information for the purpose of determining such
Eurodollar Rate. In such case, if any one or more of the Reference Banks shall
not furnish such timely information to the Agent for the purpose of determining
any such interest rate, the Agent shall determine such interest rate on the
basis of timely information furnished by the remaining Reference Banks (so long
as at least two Reference Banks shall so furnish such information). The Agent
shall give prompt notice to the Borrower and the Lenders of the applicable
interest rate determined by the Agent for purposes of Section 2.06(a)(i) or
(ii), and the rate, if any, furnished by each Reference Bank for the purpose of
determining the interest rate under Section 2.06(a)(ii).

        (a) If, with respect to any Eurodollar Rate Advances, the Required
Lenders notify the Agent that the Eurodollar Rate for any Interest Period for
such Advances will not adequately reflect the cost to such Required Lenders of
making, funding or maintaining their respective Eurodollar Rate Advances for
such Interest Period, the Agent shall forthwith so notify the Borrower and the
Lenders, whereupon (i) each Eurodollar Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, Convert into a Base Rate
Advance, and (ii) the obligation of the Lenders to make, or to Convert Advances
into, Eurodollar Rate Advances shall be suspended until the Agent shall notify
the Borrower and the Lenders that the circumstances causing such suspension no
longer exist.

        (b) If the Borrower shall fail to select the duration of any Interest
Period for any Eurodollar Rate Advances in accordance with the provisions
contained in the definition of "Interest Period" in Section 1.01, the Agent will
forthwith so notify the Borrower and the Lenders and such Advances will
automatically, on the last day of the then existing Interest Period therefor,
Convert into Base Rate Advances.

        (c) On the date on which the aggregate unpaid principal amount of
Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment
or prepayment or otherwise, to less than $5,000,000, such Advances shall
automatically Convert into Base Rate Advances.

        (d) Upon the occurrence and during the continuance of any Event of
Default, (i) each Eurodollar Rate Advance will automatically, on the last day of
the then existing Interest Period therefor, Convert into a Base Rate Advance and
(ii) the obligation of the Lenders to make, or to Convert Advances into,
Eurodollar Rate Advances shall be suspended.

        (e) If fewer than two Reference Banks shall timely furnish information
to the Agent for determining the Eurodollar Rate for any Eurodollar Rate
Advances (in the event that clause (a)(iii) of the definition of Eurodollar Rate
shall apply):

               (i) the Agent shall forthwith notify the Borrower and the Lenders
        that the interest rate cannot be determined for such Eurodollar Rate
        Advances,

                                       15

<PAGE>
               (ii) each such Advance will automatically, on the last day of the
        then existing Interest Period therefor, Convert into a Base Rate Advance
        (or if such Advance is then a Base Rate Advance, will continue as a Base
        Rate Advance), and

               (iii) the obligation of the Lenders to make, or to Convert
        Advances into, Eurodollar Rate Advances shall be suspended until the
        Agent shall notify the Borrower and the Lenders that the circumstances
        causing such suspension no longer exist.

               SECTION 2.08. Conversion of Advances. The Borrower may on any
Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York
City time) on the third Business Day prior to the date of the proposed
Conversion and subject to the provisions of Sections 2.07 and 2.11, Convert all
Advances of one Type comprising the same Borrowing into Advances of the other
Type; provided, however, that any Conversion of Eurodollar Rate Advances into
Base Rate Advances shall be made only on the last day of an Interest Period for
such Eurodollar Rate Advances, any Conversion of Base Rate Advances into
Eurodollar Rate Advances shall be in an amount not less than the minimum amount
specified in Section 2.02(b) and no Conversion of any Advances shall result in
more separate Borrowings than permitted under Section 2.02(b). Each such notice
of a Conversion shall, within the restrictions specified above, specify (i) the
date of such Conversion, (ii) the Advances to be Converted, and (iii) if such
Conversion is into Eurodollar Rate Advances, the duration of the initial
Interest Period for each such Advance. Each notice of Conversion shall be
irrevocable and binding on the Borrower.

               SECTION 2.09. Optional Prepayments. The Borrower may, upon same
day notice not later than 10:00 a.m., New York City time, with respect to Base
Rate Advances or at least three Business Days' notice with respect to Eurodollar
Rate Advances to the Agent stating the proposed date and aggregate principal
amount of the prepayment, and if such notice is given the Borrower shall, prepay
the outstanding principal amount of the Advances comprising part of the same
Borrowing in whole or ratably in part, together with accrued interest to the
date of such prepayment on the principal amount prepaid; provided, however, that
(x) each partial prepayment shall be in an aggregate principal amount of
$5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in
the event of any such prepayment of a Eurodollar Rate Advance, the Borrower
shall be obligated to reimburse the Lenders in respect thereof pursuant to
Section 8.04(c).

               SECTION 2.10. Increased Costs. (a) If, due to either (i) the
introduction of or any change in or in the interpretation of any law or
regulation after the date hereof or (ii) the compliance with any guideline or
request issued or made after the date hereof by any central bank or other
governmental authority (whether or not having the force of law), there shall be
any increase in the cost to any Lender of agreeing to make or making, funding or
maintaining Eurodollar Rate Advances (excluding for purposes of this Section
2.10 any such increased costs resulting from (A) Taxes or Other Taxes (as to
which Section 2.13 shall govern) and (B) changes in the basis of taxation of
overall net income or overall gross income by the United States or by the
foreign jurisdiction or state under the laws of which such Lender is organized
or has its Applicable Lending Office or any political subdivision thereof), then
the Borrower shall from time to time, within five days after written demand by
such Lender together with a calculation of the amount demanded in reasonable
detail (with a copy of such demand to the Agent), pay to the Agent for the
account of such Lender additional amounts sufficient to compensate such Lender
for such increased cost; provided, however, that the Borrower shall not be
liable under this Section 2.10(a) for the payment of any such amounts incurred
or accrued more than 90 days prior to the date on which notice of the event or
occurrence giving rise to the obligation to make such payment is given to the
Borrower hereunder; provided, further, that if the event or occurrence giving
rise to such obligation is retroactive, then the 90-day period referred to above
shall be extended to include the period of retroactive effect thereof; provided,
further, that (1) if the Borrower objects in good faith to any payment demanded
under this Section 2.10(a) on or before the date such payment is due, then the
Borrower and the Lender demanding such payment shall enter into discussions to
review the amount due, and the Borrower's obligation to pay such amount to such
Lender shall be deferred for 30 days after the original demand for payment, and
(2) if the Borrower and such Lender do not otherwise reach agreement on the
amount due during such 30-day period, the Borrower shall pay to such Lender at
the end of such 30-day period the amount certified by such Lender to be due.
Subject to the last proviso in the preceding sentence, a certificate as to such
amounts submitted to the Borrower and the Agent by any Lender shall be
conclusive and binding for all purposes, absent manifest error. If any Lender
shall request any payment from the Borrower under this Section 2.10(a) in
respect of any increased costs, such Lender agrees, upon request by the
Borrower, to use reasonable efforts (consistent with its internal policy and
legal and regulatory restrictions) to designate a different Eurodollar Lending
Office if the making of such a

                                       16

<PAGE>
designation would avoid or reduce any such increased costs and would not, in the
judgment of such Lender, be otherwise disadvantageous to such Lender.

               (b) If, due to either (i) the introduction of or any change in or
in the interpretation of any law or regulation after the date hereof or (ii) the
compliance after the date hereof with any guideline or request issued or made
after the date hereof by any central bank or other governmental authority
(whether or not having the force of law), there shall be any increase in the
amount of capital required or expected to be maintained by any Lender or any
corporation controlling such Lender as a result of or based upon the existence
of such Lender's commitment to lend hereunder and other commitments of such
type, then, within five days after written demand by such Lender together with a
calculation of the amount demanded in reasonable detail (with a copy of such
demand to the Agent), the Borrower shall pay to the Agent for the account of
such Lender from time to time as specified by such Lender, additional amounts
sufficient to compensate such Lender or such corporation in the light of such
circumstances, to the extent that such Lender reasonably determines such
increase in capital to be allocable to the existence of such Lender's commitment
to lend hereunder; provided, however, that the Borrower shall not be liable
under this Section 2.10(b) for the payment of any such amounts incurred or
accrued more than 90 days prior to the date on which notice of the event or
occurrence giving rise to the obligation to make such payment is given to the
Borrower hereunder; provided, further, that if the event or occurrence giving
rise to such obligation is retroactive, then the 90-day period referred to above
shall be extended to include the period of retroactive effect thereof; provided
further that (i) if the Borrower objects in good faith to any payment demanded
under this Section 2.10(b) on or before the date such payment is due, then the
Borrower and the Lender demanding such payment shall enter into discussions to
review the amount due, and the Borrower's obligation to pay such amount to such
Lender shall be deferred for 30 days after the original demand for payment, and
(ii) if the Borrower and such Lender do not otherwise reach agreement on the
amount due during such 30-day period, the Borrower shall pay to such Lender at
the end of such 30-day period the amount certified by such Lender to be due.
Subject to the last proviso in the preceding sentence, a certificate as to such
amounts submitted to the Borrower and the Agent by such Lender shall be
conclusive and binding for all purposes, absent manifest error.

               (c) Any determination under this Section 2.10 in respect of CUSA
shall be made as though Citibank were a party to this Agreement in place of
CUSA.

               SECTION 2.11. Illegality. Notwithstanding any other provision of
this Agreement, if any Lender shall notify the Agent that the introduction of or
any change in or in the interpretation of any law or regulation, after the date
hereof, makes it unlawful, or any central bank or other governmental authority
having jurisdiction over a Lender asserts after the date hereof that it is
unlawful, for any Lender or its Eurodollar Lending Office to perform its
obligations hereunder to make Eurodollar Rate Advances or to fund or maintain
Eurodollar Rate Advances hereunder, then, on notice thereof and demand therefor
by such Lender to the Borrower through the Agent, (a) each Eurodollar Rate
Advance will automatically, upon the later of such demand and the date required
by applicable law, Convert into a Base Rate Advance and (b) the obligation of
the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall
be suspended until the Agent shall notify the Borrower and the Lenders that the
circumstances causing such suspension no longer exist; provided, however, that
before making any such demand, each Lender agrees to use reasonable efforts
(consistent with its internal policy and legal and regulatory restrictions) to
designate a different Eurodollar Lending Office if the making of such a
designation would allow such Lender or its Eurodollar Lending Office to continue
to perform its obligations to make Eurodollar Rate Advances or to continue to
fund or maintain Eurodollar Rate Advances and would not, in the judgment of such
Lender, be otherwise disadvantageous to such Lender.

               SECTION 2.12. Payments and Computations. (a) The Borrower shall
make each payment hereunder and under the Notes, irrespective of any right of
counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the
day when due in U.S. dollars to the Agent at the Agent's Account in same day
funds. The Agent will promptly thereafter cause to be distributed like funds
relating to the payment of principal or interest or facility fees ratably (other
than amounts payable pursuant to Section 2.10, 2.13 or 8.04(c)) to the Lenders
for the account of their respective Applicable Lending Offices, and like funds
relating to the payment of any other amount payable to any Lender to such Lender
for the account of its Applicable Lending Office, in each case to be applied in
accordance with the terms of this Agreement. Upon any Assuming Lender becoming a
Lender hereunder as a result of a Commitment Increase pursuant to Section 2.16
or an extension of the Termination Date pursuant to Section 2.17, and upon the
Agent's receipt of such Lender's Assumption Agreement and recording of the
information

                                       17

<PAGE>
contained therein in the Register, from and after the applicable Increase Date
or Extension Date, as the case may be, the Agent shall make all payments
hereunder and under any Notes issued in connection therewith in respect of the
interest assumed thereby to the Assuming Lender. Upon its acceptance of an
Assignment and Acceptance and recording of the information contained therein in
the Register pursuant to Section 8.06(d), from and after the effective date
specified in such Assignment and Acceptance, the Agent shall make all payments
hereunder and under the Notes in respect of the interest assigned thereby to the
Lender assignee thereunder, and the parties to such Assignment and Acceptance
shall make all appropriate adjustments in such payments for periods prior to
such effective date directly between themselves.

        (b) The Borrower hereby authorizes each Lender, if and to the extent
payment owed to such Lender is not made when due hereunder or under the Note
held by such Lender, to charge from time to time against any or all of the
Borrower's accounts with such Lender any amount so due.

        (c) All computations of interest based on the Base Rate and of
utilization fee (to the extent such utilization fee relates to Base Rate
Advances) shall be made by the Agent on the basis of a year of 365 or 366 days,
as the case may be, and all computations of interest based on the Eurodollar
Rate or the Federal Funds Rate and of facility fees or utilization fees (to the
extent such utilization fee relates to Eurodollar Advances or shall be made by
the Agent on the basis of a year of 360 days, in each case for the actual number
of days (including the first day but excluding the last day) occurring in the
period for which such interest or facility fees are payable. Each determination
by the Agent of an interest rate hereunder shall be conclusive and binding for
all purposes, absent manifest error.

        (d) Whenever any payment hereunder or under the Notes shall be stated to
be due on a day other than a Business Day, such payment shall be made on the
next succeeding Business Day, and such extension of time shall in such case be
included in the computation of payment of interest or facility fee, as the case
may be; provided, however, that, if such extension would cause payment of
interest on or principal of Eurodollar Rate Advances to be made in the next
following calendar month, such payment shall be made on the next preceding
Business Day.

        (e) Unless the Agent shall have received notice from the Borrower prior
to the date on which any payment is due to the Lenders hereunder that the
Borrower will not make such payment in full, the Agent may assume that the
Borrower has made such payment in full to the Agent on such date and the Agent
may, in reliance upon such assumption, cause to be distributed to each Lender on
such due date an amount equal to the amount then due such Lender. If and to the
extent the Borrower shall not have so made such payment in full to the Agent,
each Lender shall repay to the Agent forthwith on demand such amount distributed
to such Lender together with interest thereon, for each day from the date such
amount is distributed to such Lender until the date such Lender repays such
amount to the Agent, at the Federal Funds Rate.

               SECTION 2.13. Taxes. (a) Except as provided in Section 2.13(f),
any and all payments by the Borrower hereunder or under the Notes shall be made,
in accordance with Section 2.12, free and clear of and without deduction for any
and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, excluding, in the case
of each Lender and the Agent, taxes imposed on its overall net income, and
franchise taxes imposed in lieu thereof, by the jurisdiction under the laws of
which such Lender or the Agent is organized or any political subdivision thereof
and, in the case of each Lender, taxes imposed on its overall net income, and
franchise taxes imposed in lieu thereof, by the jurisdiction of such Lender's
Applicable Lending Office or any political subdivision thereof (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities in respect of payments hereunder or under the Notes being
hereinafter referred to as "Taxes"). If the Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder or under any
Note to any Lender or the Agent, (i) except as provided in Section 2.13(f), the
sum payable shall be increased as may be necessary so that after making all
required deductions (including deductions applicable to additional sums payable
under this Section 2.13) such Lender or the Agent receives an amount equal to
the sum it would have received had no such deductions been made, (ii) the
Borrower shall make such deductions and (iii) the Borrower shall pay the full
amount deducted to the relevant taxation authority or other governmental
authority in accordance with applicable law.

        (b) In addition, the Borrower shall pay when due any present or future
stamp or documentary taxes or any other excise, property or similar taxes,
charges or similar levies that arise from any payment made hereunder or under
the Notes or any other documents to be delivered hereunder or from the
execution, delivery or registration of,

                                       18
<PAGE>
performance under or otherwise with respect to, this Agreement or the Notes or
any other documents to be delivered hereunder (hereinafter referred to as "Other
Taxes").

        (c) The Borrower shall indemnify each Lender and the Agent for and hold
it harmless against the full amount of Taxes or Other Taxes and for the full
amount of taxes of any kind imposed or asserted by any jurisdiction on amounts
payable under this Section 2.13, imposed on or paid by such Lender or the Agent,
as the case may be, and any liability (including penalties, additions to tax,
interest and expenses) arising therefrom or with respect thereto. These
indemnification payments shall be made within 30 days from the date on which
such Lender or the Agent makes written demand therefor, accompanied by a
calculation in reasonable detail of the amount demanded and evidence of the
Taxes, Other Taxes or taxes of any kind imposed by any jurisdiction on amounts
payable under this Section 2.13 imposed or paid by the Agent or any Lender.

        (d) Within 30 days after the date of any payment of Taxes, by the
Borrower pursuant to this Section 2.13, the Borrower shall furnish to the Agent,
at its address referred to in Section 8.02, evidence reasonably satisfactory to
the Agent of such payment.

        (e) Each Lender organized under the laws of a jurisdiction outside the
United States, on or prior to the date of its execution and delivery of this
Agreement in the case of each Initial Lender, and on the date of the Assignment
and Acceptance or Assumption Agreement pursuant to which it becomes a Lender in
the case of each other Lender, and from time to time thereafter as reasonably
requested in writing by the Borrower (but only so long as such Lender remains
lawfully able to do so), shall provide each of the Agent and the Borrower with
two original Internal Revenue Service forms W-8BEN or W-8ECI, as appropriate, or
any successor or other form prescribed by the Internal Revenue Service,
certifying that such Lender is exempt from or entitled to a reduced rate of
United States withholding tax on payments pursuant to this Agreement or the
Notes. In addition to the forms described in the immediately preceding sentence,
each Lender organized under the laws of a jurisdiction outside the United States
shall, upon the request of the Borrower or the Agent in writing, (i) provide
each of the Agent and the Borrower with two further copies of such forms or
other appropriate certification of such forms on or before the date that any
such form expires or becomes obsolete and after the occurrence of any event
requiring a change in the most recent form delivered to the Borrower, and (ii)
obtain such extensions of the time for the filing and renew such forms and
certifications thereof as may be reasonably requested by the Borrower or the
Agent. If the form (or forms) provided by a Lender at the time such Lender first
becomes a party to this Agreement indicates a United States interest withholding
tax rate in excess of zero, withholding tax at such rate shall be considered
excluded from Taxes unless and until such Lender provides the appropriate forms
certifying that a lesser rate applies, whereupon withholding tax at such lesser
rate only shall be considered excluded from Taxes for periods governed by such
form; provided, however, that, if at the date of the Assignment and Acceptance
or Assumption Agreement pursuant to which a Lender assignee becomes a party to
this Agreement, the Lender assignor was entitled to payments under subsection
(a) of this Section 2.13 in respect of United States withholding tax with
respect to interest paid at such date, then, to such extent, the term Taxes
shall include (in addition to withholding taxes that may be imposed in the
future or other amounts otherwise includable in Taxes) United States withholding
tax, if any, applicable with respect to the Lender assignee on such date. For
purposes of this subsection (e), the term "United States" shall have the meaning
specified in Section 7701 of the Internal Revenue Code.

        (f) For any period with respect to which a Lender has failed to provide
the Borrower with the appropriate form described in Section 2.13(e) or failed to
seek an extension of the time for filing such successor form as required in
writing to do so by the Agent or the Borrower in accordance with Section 2.13(e)
(other than if such failure is due to a change in law occurring subsequent to
the date on which a form originally was required to be provided, or if such form
otherwise is not required under subsection (e) above), such Lender shall not be
entitled to indemnification under Section 2.13(a) or (c) with respect to Taxes
imposed by the United States by reason of such failure; provided, however, that,
should a Lender become subject to Taxes because of its failure to deliver a form
required hereunder, the Borrower shall take such steps (at such Lender's
expense) as the Lender shall reasonably request to assist the Lender to recover
such Taxes.

        (g) In the event that an additional payment is made under Section
2.13(a) or (c) for the account of any Lender or Agent, such Lender or Agent, as
applicable, shall determine whether it has received or been granted a Tax
Benefit (as defined hereinafter), and if such Lender or Agent, as applicable, in
its sole discretion, determines that it has finally and irrevocably received or
been granted a credit against or release or remission for, or repayment of, any

                                       19

<PAGE>
tax paid or payable by or for it in respect of or calculated with reference to
such payment or the deduction or withholding giving rise to such payment (a "Tax
Benefit"), such Lender or Agent shall, to the extent that it determines that it
can do so without prejudice to the retention of the amount of such credit,
relief, remission or repayment pay to the Borrower such amount as such Lender
shall, in its sole discretion, have determined to be attributable to such Tax
Benefit and which will leave such Lender (after such payment) in no worse
position than it would have been in if the Borrower had not been required to
make such payment, deduction or withholding. Nothing herein contained shall
interfere with the right of a Lender to arrange its tax affairs in whatever
manner it thinks fit nor oblige any Lender or Agent to claim any tax credit or
to disclose any information relating to its tax affairs or any computations in
respect thereof or require any Lender or Agent to do anything that would
prejudice its ability to benefit from any other credits, reliefs, remissions or
repayments to which it may be entitled.

        (h) If the Borrower is required to pay any amount to any Lender or the
Agent pursuant to subsection (a), (b), or (c) of this Section 2.13, then such
Lender or the Agent shall use reasonable efforts (consistent with its internal
policy and legal and regulatory restrictions) to change the jurisdiction of its
Applicable Lending Office so as to eliminate (or, if elimination is not
reasonably possible, to minimize) any such additional payment by the Borrower
which may thereafter accrue, if such change in the sole judgment of such Lender
or the Agent, as the case may be, is not otherwise disadvantageous to such
Lender or the Agent.

        (i) Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower and each
Lender and Agent contained in this Section 2.13 shall survive the repayment of
the Advances and the other obligations hereunder or under the Notes and the
termination of the Commitments hereunder.

               SECTION 2.14. Sharing of Payments, Etc. If any Lender shall
obtain any payment (whether voluntary, involuntary, through the exercise of any
right of set-off, or otherwise) on account of the Advances owing to it (other
than pursuant to Section 2.10, 2.13 or 8.04(c)) in excess of its ratable share
of payments on account of the Advances obtained by all the Lenders, such Lender
shall forthwith purchase from the other Lenders such participations in the
Advances owing to them as shall be necessary to cause such purchasing Lender to
share the excess payment ratably with each of them; provided, however, that if
all or any portion of such excess payment is thereafter recovered from such
purchasing Lender, such purchase from each Lender shall be rescinded and such
Lender shall repay to the purchasing Lender the purchase price to the extent of
such recovery together with an amount equal to such Lender's ratable share
(according to the proportion of (i) the amount of such Lender's required
repayment to (ii) the total amount so recovered from the purchasing Lender) of
any interest or other amount paid or payable by the purchasing Lender in respect
of the total amount so recovered. The Borrower agrees that any Lender so
purchasing a participation from another Lender pursuant to this Section 2.14
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such participation as fully as
if such Lender were the direct creditor of the Borrower in the amount of such
participation.

               SECTION 2.15. Use of Proceeds. The proceeds of the Advances shall
be available (and the Borrower agrees that it shall use such proceeds) solely
for general corporate purposes of the Borrower.

               SECTION 2.16. Increase in the Aggregate Commitments. (a) The
Borrower may, at any time but in any event not more than once in any calendar
year prior to the Termination Date, by notice to the Agent, request that the
aggregate amount of the Commitments be increased by an amount of $50,000,000 or
an integral multiple of $1,000,000 in excess thereof (each a "Commitment
Increase"), effective as of a date that is at least 90 days prior to the
scheduled Termination Date then in effect (the "Increase Date") as specified in
the related notice to the Agent; provided, however, that (i) in no event shall
the aggregate amount of the Commitments at any time exceed $600,000,000, (ii) on
the date of any request by the Borrower for a Commitment Increase and on the
related Increase Date, the applicable conditions set forth in Section 3.02 shall
be satisfied, and (iii) on the Commitment Date (as defined below) and after
giving effect to the Commitment Increase, the Borrower's Public Debt Ratings
shall be at least BBB by S&P or Baa2 by Moody's.

        (b) The Agent shall promptly notify the Lenders of a request by the
Borrower for a Commitment Increase, which notice shall include (i) the proposed
amount of such requested Commitment Increase, (ii) the proposed Increase Date,
and (iii) the date by which Lenders wishing to participate in the Commitment
Increase must commit to an increase in the amount of their respective
Commitments (the "Commitment Date").

                                       20

<PAGE>
Each Lender that is willing to participate in such requested Commitment Increase
(each an "Increasing Lender") shall, in its sole discretion, give written notice
to the Agent on or prior to the Commitment Date of the amount by which it is
willing to increase its Commitment. If the Lenders notify the Agent that they
are willing to increase the amount of their respective Commitments by an
aggregate amount that exceeds the amount of the requested Commitment Increase,
the requested Commitment Increase shall be allocated among the Lenders willing
to participate therein in proportion to the amounts offered by such Lenders or
as otherwise agreed among each such Lender, the Borrower and the Agent.

               (c) Promptly following each Commitment Date, the Agent shall
notify the Borrower as to the amount, if any, by which the Lenders are willing
to participate in the requested Commitment Increase. If the aggregate amount by
which the Lenders are willing to participate in any requested Commitment
Increase on any such Commitment Date is less than the requested Commitment
Increase, then the Borrower may extend offers to one or more Eligible Assignees
to participate in any portion of the requested Commitment Increase that has not
been committed to by the Lenders as of the applicable Commitment Date; provided,
however, that the Commitment of each such Eligible Assignee shall be in an
amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

               (d) On each Increase Date, each Eligible Assignee that accepts an
offer to participate in a requested Commitment Increase in accordance with
Section 2.16(b) (each such Eligible Assignee and each Eligible Assignee that
agrees to an extension of the Termination Date in accordance with Section
2.17(c) being referred to herein as an "Assuming Lender") shall become a Lender
party to this Agreement as of such Increase Date and the Commitment of each
Increasing Lender for such requested Commitment Increase shall be increased by
the applicable amount determined in accordance with Section 2.16(b) as of such
Increase Date; provided, however, that the Agent shall have received on or
before such Increase Date the following, each dated such date:

               (i) certified copies of resolutions of the Board of Directors of
        the Borrower approving the Commitment Increase and the corresponding
        modifications to this Agreement;

               (ii) an opinion of counsel for the Borrower (which may be
        in-house counsel), in substantially the form of Exhibit E hereto;

               (iii) an assumption agreement from each Assuming Lender, if any,
        in form and substance satisfactory to the Borrower and the Agent (each
        an "Assumption Agreement"), duly executed by such Assuming Lender, the
        Agent and the Borrower; and

               (iv) confirmation from each Increasing Lender of the increase in
        the amount of its Commitment in a writing satisfactory to the Borrower
        and the Agent.

On each Increase Date, upon fulfillment of the conditions set forth in the
immediately preceding sentence of this Section 2.16(d), and subject to the
conditions specified in Section 2.16(d), the Agent shall notify the Lenders
(including, without limitation, each Assuming Lender) and the Borrower, on or
before 1:00 P.M. (New York City time), by facsimile transmission or electronic
mail message, of the occurrence of the Commitment Increase to be effected on
such Increase Date and shall record in the Register the relevant information
with respect to each Increasing Lender and each Assuming Lender on such date.

               SECTION 2.17. Extension of Termination Date. (a) At least 45 days
but not more than 60 days prior to any anniversary of the Effective Date, the
Borrower, by written notice to the Agent, may request an extension of the then
scheduled Termination Date for a period of one year. The Agent shall promptly
notify each Lender of such request, and each Lender shall in turn, in its sole
discretion, not more than 30 or less than 20 days prior to such anniversary
date, notify the Borrower and the Agent in writing as to whether such Lender
will consent to such extension. If any Lender shall fail to notify the Agent and
the Borrower in writing of its consent to any such request for extension of the
Termination Date at least 20 days prior to such anniversary date, such Lender
shall be deemed to be a Non-Consenting Lender with respect to such request. The
Agent shall notify the Borrower not later than 15 days prior to the applicable
anniversary date of the decision of the Lenders regarding the Borrower's request
for an extension of the Termination Date.

                                       21

<PAGE>
               (b) If all the Lenders consent in writing to any such request in
accordance with Section 2.17(a), the Termination Date in effect at such time
shall, effective as at such Termination Date (the "Extension Date"), be extended
for one year; provided that on each Extension Date the applicable conditions set
forth in Article III shall be satisfied. If less than all of the Lenders consent
in writing to any such request in accordance Section 2.17(a), the Termination
Date in effect at such time shall, effective as at the applicable Extension Date
and subject to Section 2.17(d), be extended as to those Lenders that so
consented (each a "Consenting Lender") but shall not be extended as to any other
Lender (each a "Non-Consenting Lender"). To the extent that the Termination Date
is not extended as to any Lender pursuant to this Section 2.17 and the
Commitment of such Lender is not assumed in accordance with Section 2.17(c) on
or prior to the applicable Extension Date, the Commitment of Lender shall
automatically terminate in whole on such unextended Termination Date (and, for
the avoidance of doubt, all outstanding principal of, and accrued interest on,
indebtedness due such Lender under this Agreement, together with all fees and
other amount payable hereunder, shall be paid in full to the Agent for the
benefit of such Non-Consenting Lender on such unextended Termination Date)
without any further notice or other action by the Borrower, such Lender or any
other Person; provided that such Lender's rights under Sections 2.10, 2.13 and
8.04, and its obligations under Section 7.05, shall survive the Termination Date
for such Lender as to matters occurring prior to such date. It is understood and
agreed that no Lender shall have any obligation whatsoever to agree to any
request made by the Borrower for any requested extension of the Termination
Date.

               (c) If less than all of the Lenders consent to any such request
pursuant to Section 2.17(a), the Agent shall promptly so notify the Consenting
Lenders, and each Consenting Lender may, in its sole discretion, give written
notice to the Agent not later than 10 days prior to the Termination Date of the
amount of the Non-Consenting Lenders' Commitments for which it is willing to
accept an assignment. If the Consenting Lenders notify the Agent that they are
willing to accept assignments of Commitments in an aggregate amount that exceeds
the amount of the Commitments of the Non-Consenting Lenders, such Commitments
shall be allocated among the Consenting Lenders willing to accept such
assignments in proportion to the amounts offered by such Lenders or as otherwise
agreed among each such Lender, the Borrower and the Agent. If after giving
effect to the assignments of Commitments described above there remains any
Commitments of Non-Consenting Lenders, the Borrower may arrange for one or more
Consenting Lenders or other Eligible Assignees as Assuming Lenders to assume,
effective as of the Extension Date, any Non-Consenting Lender's Commitment and
all of the obligations of such Non-Consenting Lender under this Agreement
thereafter arising, without recourse to or warranty by, or expense to, such
Non-Consenting Lender; provided, however, that the amount of the Commitment of
any such Assuming Lender as a result of such substitution shall in no event be
less than $5,000,000 unless the amount of the Commitment of such Non-Consenting
Lender is less than $1,000,000, in which case such Assuming Lender shall assume
all of such lesser amount; and provided, further that:

               (i) any such Consenting Lender or Assuming Lender shall have paid
        to such Non-Consenting Lender (A) the aggregate principal amount of, and
        any interest accrued and unpaid to the effective date of the assignment
        on, the outstanding Advances, if any, of such Non-Consenting Lender plus
        (B) any accrued but unpaid facility fees owing to such Non-Consenting
        Lender as of the effective date of such assignment;

               (ii) all additional costs reimbursements, expense reimbursements
        and indemnities payable to such Non-Consenting Lender and all other
        accrued and unpaid amounts owing to such Non-Consenting Lender hereunder
        as of the effective date of such assignment shall have been paid to such
        Non-Consenting Lender; and

               (iii) with respect to any such Assuming Lender, the applicable
        processing and recordation fee required under Section 8.06(a) for such
        assignment shall have been paid;

provided, further that such Non-Consenting Lender's rights under Sections 2.10,
2.13 and 8.04, and its obligations under Section 7.05, shall survive such
substitution as to matters occurring prior to the date of substitution. At least
three Business Days prior to any Extension Date, (A) each such Assuming Lender,
if any, shall have delivered to the Borrower and the Agent an Assumption
Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender,
the Borrower and the Agent, (B) any such Consenting Lender shall have delivered
confirmation in writing satisfactory to the Borrower and the Agent as to the
increase in the amount of its Commitment and (C) each Non-

                                       22

<PAGE>
Consenting Lender being replaced pursuant to this Section 2.17 shall have
delivered to the Agent any Note or Notes held by such Non-Consenting Lender.
Upon the payment or prepayment of all amounts referred to in clauses (i), (ii)
and (iii) of the immediately preceding sentence, each such Consenting Lender or
Assuming Lender, as of the Extension Date, will be substituted for such
Non-Consenting Lender under this Agreement and shall be a Lender for all
purposes of this Agreement, without any further acknowledgment by or the consent
of the other Lenders, and the obligations of each such Non-Consenting Lender
hereunder shall, by the provisions hereof, be released and discharged.

               (d) If (after giving effect to any assignments or assumptions
pursuant to Section 2.17(c)) Lenders having Commitments equal to at least 50% of
the Commitments in effect immediately prior to the Extension Date consent in
writing to a requested extension (whether by execution or delivery of an
Assumption Agreement or otherwise), not later than one Business Day prior to
such Extension Date, the Agent shall so notify the Borrower, and, subject to the
satisfaction of the applicable conditions in Article III, the Termination Date
then in effect shall be extended for the additional one-year period as described
in Section 2.17(a), and all references in this Agreement, and in the Notes, if
any, to the "Termination Date" shall, with respect to each Consenting Lender and
each Assuming Lender for such Extension Date, refer to the Termination Date as
so extended. Promptly following each Extension Date, the Agent shall notify the
Lenders (including, without limitation, each Assuming Lender) of the extension
of the scheduled Termination Date in effect immediately prior thereto and shall
thereupon record in the Register the relevant information with respect to each
such Consenting Lender and each such Assuming Lender.

               SECTION 2.18. Replacement of Lenders. If any Lender (a) requests
the payment of additional amounts under Sections 2.10 or 2.13, (b) is unable to
make Eurodollar Rate Advances in accordance with Section 2.11, (c) is a
Defaulting Lender, or (d) refuses to consent to a proposed amendment, waiver or
other modification which requires the consent of all Lenders and has been
approved by Required Lenders (any such Lender, an "Affected Lender"), then
Borrower may, at its option replace such Lender with an Eligible Assignee (which
may be another Lender or an Affiliate of a Lender) which executes and delivers
to the Affected Lender an Assignment and Acceptance with respect to the
Commitments of the Affected Lender, and in such case the Affected Lender shall
execute and deliver to such replacement lender an Assignment and Acceptance and,
in consideration of the purchase, at par, without premium or penalty, of the
Note of such Affected Lender and the assumption of its obligations hereunder,
assign to the replacement lender its Commitments and outstanding Advances
hereunder. In the event of an assignment under this Section, the processing fee
referred to in Section 8.06 hereof shall be paid by the Borrower, provided, that
no such fee shall be paid if the assignment is to an existing Lender.

                                   ARTICLE III

                     CONDITIONS TO EFFECTIVENESS AND LENDING

               SECTION 3.01. Conditions Precedent to Effectiveness of Section
2.01. Section 2.01 of this Agreement shall become effective on and as of the
first date (the "Effective Date") on which the following conditions precedent
have been satisfied:

               (a) There shall have occurred no Material Adverse Change since
        December 31, 2001.

               (b) There shall exist no action, suit, investigation, litigation
        or proceeding affecting the Borrower or any of its Subsidiaries pending
        or threatened before any court, governmental agency or arbitrator that
        (i) could be reasonably likely to have a Material Adverse Effect or (ii)
        purports to affect the legality, validity or enforceability of this
        Agreement or any Note or the consummation of the transactions
        contemplated hereby.

               (c) Nothing shall have come to the attention of the Lenders
        during the course of their due diligence investigation to lead them to
        believe that the Information Memorandum was or has become misleading,
        incorrect or incomplete in any material respect; without limiting the
        generality of the foregoing, the Lenders shall have been given such
        access to the management, records, books of account, contracts and
        properties of the Borrower and its Subsidiaries as they shall have
        requested.

                                       23

<PAGE>
               (d) All governmental and third party consents and approvals
        necessary in connection with the transactions contemplated hereby shall
        have been obtained (without the imposition of any conditions that are
        not acceptable to the Lenders) and shall remain in effect, and no law or
        regulation shall be applicable in the reasonable judgment of the Lenders
        that restrains, prevents or imposes materially adverse conditions upon
        the transactions contemplated hereby.

               (e) The Borrower shall have notified each Lender and the Agent in
        writing as to the proposed Effective Date.

               (f) The Borrower shall have paid all accrued fees and expenses of
        the Agent, the Arrangers and the Lenders (including the accrued fees and
        expenses of counsel to the Agent).

               (g) On the Effective Date, the following statements shall be true
        and the Agent shall have received for the account of each Lender a
        certificate signed by a duly authorized officer of the Borrower, dated
        the Effective Date, stating that:

                       (i) The representations and warranties contained in
               Section 4.01 are correct on and as of the Effective Date, and

                       (ii) No event has occurred and is continuing that
               constitutes a Default.

               (h) The Agent shall have received on or before the Effective Date
        the following, each dated such day, in form and substance satisfactory
        to the Agent and (except for the Notes) in sufficient copies for each
        Lender:

                       (i) Duly executed counterparts of this Agreement and
               Notes payable to the order of each of the Lenders, respectively.

                       (ii) Certified copies of the resolutions of the Board of
               Directors of the Borrower approving this Agreement and the Notes,
               and of all documents evidencing other necessary corporate action
               and governmental approvals, if any, with respect to this
               Agreement and the Notes.

                       (iii) A certificate of the Secretary or an Assistant
               Secretary of the Borrower certifying the names and true
               signatures of the officers of the Borrower authorized to sign
               this Agreement and the Notes and the other documents to be
               delivered hereunder.

                       (iv) Copies of the Consolidated balance sheet of the
               Borrower and its Subsidiaries as at December 31, 2001, and the
               related Consolidated statements of income and cash flows of the
               Borrower and its Subsidiaries for the fiscal year then ended,
               accompanied by an opinion of KPMG LLP, independent public
               accountants, and the Consolidated balance sheet of the Borrower
               and its Subsidiaries as at March 31, 2002, and the related
               Consolidated statements of income and cash flows of the Borrower
               and its Subsidiaries for the three months then ended, duly
               certified by the chief financial officer of the Borrower.

                       (v) A favorable opinion of each of (A) the Vice President
               and General Counsel to the Borrower, and (B) Latham & Watkins,
               counsel for the Borrower, in substantially the forms of Exhibits
               D-1 and D-2 hereto, respectively, and as to such other matters as
               any Lender through the Agent may reasonably request.

                       (vi) A favorable opinion of Shearman & Sterling, counsel
               for the Agent, in form and substance satisfactory to the Agent.

                       (vii) Such other information, certificates and documents
               as the Agent may reasonably request on behalf of itself or any
               Lender.

                                       24

<PAGE>
                       (i) The Borrower shall have terminated in whole the
               respective commitments of the lenders under the 1997 Credit
               Agreement and all outstanding principal of, and accrued interest
               on, the indebtedness outstanding thereunder, together with all
               fees and other amounts payable thereunder, shall have been paid
               in full or will be paid in full upon disbursement of the initial
               Advances hereunder.

               SECTION 3.02. Conditions Precedent to Each Borrowing, Commitment
Increase and Extension Date. The obligation of each Lender to make an Advance on
the occasion of each Borrowing, each Commitment Increase pursuant to Section
2.16 and each extension of Commitments pursuant to Section 2.17 shall be subject
to the conditions precedent that the Effective Date shall have occurred, and on
the date of such Borrowing, or on the applicable Increase Date or Extension
Date, as the case may be, (a) the following statements shall be true (and each
of the giving of the applicable Notice of Borrowing, request for Commitment
Increase or request for Commitment Extension, and the acceptance by the Borrower
of the proceeds of such Borrowing, or such increase or extension, as the case
may be, shall constitute a representation and warranty by the Borrower that on
the date of such Borrowing, or on such Increase Date or Extension Date, as the
case may be, such statements are true):

               (i) the representations and warranties contained in Section 4.01
        are true and correct on and as of the date of such Borrowing, before and
        after giving effect to such Borrowing and to the application of the
        proceeds therefrom, or on and as of such Increase Date or Extension
        Date, as the case may be, as though made on and as of such date (except
        to the extent such representations and warranties relate to an earlier
        date, in which case as though made on and as of such earlier date); and

               (ii) no event has occurred and is continuing, or would result
        from such Borrowing or from the application of the proceeds therefrom,
        or from such Commitment Increase or Extension Date, as the case may be,
        that constitutes a Default;

(b) in the case of a Commitment Increase, the Agent shall have received from the
Borrower, in exchange for surrendered Notes, new Notes payable to the order of
each Lender in the amount of its respective Commitment, and (c) the Agent shall
have received such other approvals, opinions or documents as any Lender through
the Agent may reasonably request.

               SECTION 3.03. Determinations Under Section 3.01. For purposes of
determining compliance with the conditions specified in Section 3.01, each
Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to the Lenders unless an officer
of the Agent responsible for the transactions contemplated by this Agreement
shall have received notice from such Lender prior to the date that the Borrower,
by notice to the Lenders, designates as the proposed Effective Date, specifying
its objection thereto. The Agent shall promptly notify the Lenders of the
occurrence of the Effective Date.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

               SECTION 4.01. Representations and Warranties of the Borrower. The
Borrower represents and warrants as follows:

               (a) The Borrower is a corporation duly organized, validly
        existing and in good standing under the laws of the State of Delaware.

               (b) The execution, delivery and performance by the Borrower of
        this Agreement and the Notes, and the consummation of the transactions
        contemplated hereby, are within the Borrower's corporate powers, have
        been duly authorized by all necessary corporate action, and do not (i)
        contravene the Borrower's charter or by-laws, (ii) violate any law,
        rule, regulation, order, writ, judgment, injunction, decree,
        determination or award binding on the Borrower or any property of the
        Borrower or (iii) conflict with or result in a breach of any contractual
        restriction binding on or affecting the Borrower, except, in the

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<PAGE>
        case of (ii) or (iii) above, to the extent that such contravention could
        not reasonably be expected to have a Material Adverse Effect.

               (c) No authorization or approval or other action by, and no
        notice to or filing with, any governmental authority or regulatory body
        or any other third party is required for the due execution, delivery and
        performance by the Borrower of this Agreement or the Notes.

               (d) This Agreement has been, and each of the Notes when delivered
        hereunder will have been, duly executed and delivered by the Borrower.
        This Agreement is, and each of the Notes when delivered hereunder will
        be, the legal, valid and binding obligation of the Borrower enforceable
        against the Borrower in accordance with their respective terms, subject
        to the effect of bankruptcy, insolvency, reorganization, moratorium or
        other similar laws now or hereafter in effect relating to or affecting
        the rights or remedies of creditors generally and the effect of general
        principles of equity, whether enforcement is considered in a proceeding
        in equity or at law.

               (e) The Consolidated balance sheet of the Borrower and its
        Subsidiaries as at December 31, 2001, and the related Consolidated
        statements of income and cash flows of the Borrower and its Subsidiaries
        for the fiscal year then ended, accompanied by an opinion of KPMG LLP,
        independent public accountants, and the Consolidated unaudited balance
        sheet of the Borrower and its Subsidiaries as at March 31, 2002, and the
        related Consolidated unaudited statements of income and cash flows of
        the Borrower and its Subsidiaries for the three months then ended, duly
        certified by the chief financial officer of the Borrower, copies of
        which have been furnished to each Lender, fairly present in all material
        respects, subject, in the case of said balance sheet as at March 31,
        2002, and said statements of income and cash flows for the three months
        then ended, to year-end audit adjustments, the Consolidated financial
        condition of the Borrower and its Subsidiaries as at such dates and the
        Consolidated results of the operations of the Borrower and its
        Subsidiaries for the periods ended on such dates, all in accordance with
        generally accepted accounting principles consistently applied. Since
        December 31, 2001, there has been no Material Adverse Change.

               (f) There is no pending or, to the knowledge of any Specified
        Officer, threatened action, suit, investigation, litigation or
        proceeding, including, without limitation, any Environmental Action,
        against the Borrower or any of its Subsidiaries or affecting the
        properties of the Borrower or any of its Subsidiaries before any court,
        governmental agency or arbitrator that (i) would be reasonably likely to
        have a Material Adverse Effect or (ii) purports to affect the legality,
        validity or enforceability of this Agreement or any Note or the
        consummation of the transactions contemplated hereby.

               (g) The Borrower is not engaged in the business of extending
        credit for the purpose of purchasing or carrying margin stock (within
        the meaning of Regulation U issued by the Board of Governors of the
        Federal Reserve System ("Regulation U")), and no proceeds of any Advance
        will be used to purchase or carry any margin stock or to extend credit
        to others for the purpose of purchasing or carrying any margin stock.

               (h) Neither the Borrower nor any of its Subsidiaries is an
        "investment company", or an "affiliated person" of, or "promoter" or
        "principal underwriter" for, an "investment company", as such terms are
        defined in the Investment Company Act of 1940, as amended. Neither the
        making of any Advances, nor the application of the proceeds or repayment
        thereof by the Borrower will violate any provision of such Act or any
        rule, regulation or order of the Securities and Exchange Commission
        thereunder.

               (i) Neither the Information Memorandum, as supplemented by the
        Borrower to the Lenders (or to the Agent for distribution to the
        Lenders) in writing prior to the date hereof, nor any other information,
        exhibit or report furnished by the Borrower or any of its Subsidiaries
        in writing to the Agent or any Lender in connection with the negotiation
        of this Agreement or pursuant to the terms of this Agreement, contains
        any untrue statement of a material fact or omits to state a material
        fact necessary to make the statements made therein not misleading in the
        light of the circumstances under which the Information Memorandum or
        such other information, exhibit or report was delivered.

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<PAGE>
               (j) Neither the Borrower nor any of its Subsidiaries is in
        violation of any applicable law, rule, regulation, order, writ,
        judgment, injunction, decree, determination or award, including ERISA
        and Environmental Laws, the violation of which is reasonably likely to
        have a Material Adverse Effect.

               (k) The Borrower and the Borrower and its Subsidiaries taken as a
        whole are and, after the receipt and application of each of the Advances
        in accordance with the terms of this Agreement, will be Solvent.

                                    ARTICLE V

                            COVENANTS OF THE BORROWER

               SECTION 5.01. Affirmative Covenants

               So long as any Advance shall remain unpaid or any Lender shall
have any Commitment hereunder, the Borrower will:

               (a) Compliance with Laws, Etc. Comply, and cause each of its
        Subsidiaries to comply with all applicable laws, rules, regulations and
        orders, such compliance to include, without limitation, compliance with
        Regulation U, ERISA and Environmental Laws, if failure to so comply
        could reasonably be expected to have a Material Adverse Effect.

               (b) Payment of Taxes, Etc. Pay and discharge, and cause each of
        its Subsidiaries to pay and discharge, before the same shall become
        delinquent, (i) all taxes, assessments and governmental charges or
        levies imposed upon it or upon its property and (ii) all lawful claims
        that, if unpaid, might by law become a Lien upon its property; provided,
        however, that neither the Borrower nor any of its Subsidiaries shall be
        required to pay or discharge any such tax, assessment, charge or claim
        (A) that is being contested in good faith and by proper proceedings and
        as to which appropriate reserves are being maintained or (B) if the
        failure to pay or discharge any such tax, assessment, charge or claim
        could not reasonably be expected to have a Material Adverse Effect.

               (c) Maintenance of Insurance. Maintain, and cause each of its
        Subsidiaries to maintain, insurance with responsible and reputable
        insurance companies or associations in such amounts and covering such
        risks as is usually carried by companies engaged in similar businesses
        and owning similar properties in the same general areas in which the
        Borrower or such Subsidiary operates.

               (d) Preservation of Corporate Existence, Etc. Preserve and
        maintain, and cause each of its Significant Subsidiaries to preserve and
        maintain, (i) its corporate existence and (ii) its rights (charter and
        statutory), permits, licenses, approvals, privileges and franchises in
        each jurisdiction where necessary or where failure to do so could
        reasonably be expected to have a Material Adverse Effect; provided,
        however, that the Borrower and its Subsidiaries may consummate any
        merger, consolidation, liquidation, dissolution or winding up permitted
        under Section 5.02(b) and provided, further that neither the Borrower
        nor any of its Subsidiaries shall be required to preserve any right or
        franchise if the officers authorized by the Board of Directors of the
        Borrower or such Subsidiary shall determine that the preservation
        thereof is no longer desirable in the conduct of the business of the
        Borrower or such Subsidiary, as the case may be, and that the loss
        thereof is not disadvantageous in any material respect to the Borrower,
        such Subsidiary or the Lenders.

               (e) Visitation Rights. At any reasonable time during normal
        business hours and from time to time, on reasonable prior notice to the
        Borrower, permit the Agent or any of the Lenders or any agents or
        representatives thereof, to examine and make copies of and abstracts
        from the records and books of account of, and visit the properties of,
        the Borrower and any of its Subsidiaries, and to discuss the affairs,
        finances and accounts of the Borrower and any of its Subsidiaries with
        any of their officers or directors and, in the company of a Responsible
        Officer or his designee, with their independent certified public
        accountants; provided, however, that when a Default exists, the Agent or
        any Lender (or any of their respective

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<PAGE>
        representatives or independent contractors), may do any of the foregoing
        at the expense of the Borrower at any time during normal business hours
        and without advance notice.

               (f) Keeping of Books. Keep, and cause each of its Subsidiaries to
        keep, proper books of record and account, in which full and correct
        entries shall be made of all financial transactions and the assets and
        business of the Borrower and each such Subsidiary in accordance with
        generally accepted accounting principles in effect from time to time.

               (g) Maintenance of Properties, Etc. Maintain and preserve, and
        cause each of its Subsidiaries to maintain and preserve, all of its
        properties that are useful or necessary in the conduct of its business
        in good working order and condition, ordinary wear and tear excepted.

               (h) Transactions with Affiliates. Conduct, and cause each of its
        Subsidiaries to conduct, all transactions otherwise permitted under this
        Agreement with any of their Affiliates on terms that are fair and
        reasonable and no less favorable to the Borrower or such Subsidiary than
        it would obtain in a comparable arm's-length transaction with a Person
        not an Affiliate; provided, however, that this Section 5.01(h) shall not
        apply to transactions between or among the Borrower and its Subsidiaries
        in the ordinary course of the Borrower's or such Subsidiary's business
        to the extent not otherwise prohibited under this Agreement.

               (i) Reporting Requirements. Furnish to the Lenders:

                       (i) as soon as available and in any event within 50 days
               after the end of each of the first three quarters of each fiscal
               year of the Borrower, the Consolidated balance sheet of the
               Borrower and its Subsidiaries as of the end of such quarter and
               Consolidated statements of income and cash flows of the Borrower
               and its Subsidiaries for the period commencing at the end of the
               previous fiscal year and ending with the end of such quarter,
               duly certified (subject to year-end audit adjustments) by a
               Responsible Officer as having been prepared in accordance with
               generally accepted accounting principles, together with a
               certificate of a Responsible Officer as to compliance with the
               terms of this Agreement and setting forth, in a form reasonably
               satisfactory to the Agent, the calculations necessary to
               demonstrate compliance with Section 5.03 (a "Compliance
               Certificate"), provided that in the event of any change in
               generally accepted accounting principles used in the preparation
               of such financial statements, the Borrower shall also provide, if
               necessary for the determination of compliance with Section 5.03,
               a statement of reconciliation conforming such financial
               statements to GAAP;

                       (ii) as soon as available and in any event within 95 days
               after the end of each fiscal year of the Borrower, a copy of the
               annual audit report for such year for the Borrower and its
               Subsidiaries, containing the Consolidated balance sheet of the
               Borrower and its Subsidiaries as of the end of such fiscal year
               and Consolidated statements of income and cash flows of the
               Borrower and its Subsidiaries for such fiscal year, in each case
               accompanied by an opinion of KPMG LLP or other independent public
               accountants acceptable to the Required Lenders (without
               qualification as to going concern or scope of audit), together
               with a Compliance Certificate, provided that in the event of any
               change in generally accepted accounting principles used in the
               preparation of such financial statements, the Borrower shall also
               provide, if necessary for the determination of compliance with
               Section 5.03, a statement of reconciliation conforming such
               financial statements to GAAP;

                       (iii) as soon as available and in any event no later than
               45 days after the end of each fiscal year of the Borrower,
               forecasts prepared by management of the Borrower, in form
               reasonably satisfactory to the Agent, of balance sheets, income
               statements and cash flow statements on a quarterly basis for the
               fiscal year following such fiscal year then ended and on an
               annual basis for each fiscal year thereafter until the
               Termination Date;

                       (iv) as soon as possible and in any event within two
               Business Days after any Responsible Officer obtains knowledge of
               the occurrence of any Default or any event, development or
               occurrence reasonably likely to have a Material Adverse Effect
               continuing on the

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<PAGE>
               date of such statement, a statement of a Responsible Officer
               setting forth details of such Default or other event and the
               action that the Borrower has taken and proposes to take with
               respect thereto;

                       (v) promptly after the sending or filing thereof, copies
               of all reports that the Borrower sends to any of its
               securityholders, and copies of all reports and registration
               statements that the Borrower or any Subsidiary files with the
               Securities and Exchange Commission or any national securities
               exchange;

                       (vi) promptly after, and in any event within two Business
               Days after a Specified Officer obtains knowledge of, the
               commencement thereof, notice of all actions and proceedings
               before any court, governmental agency or arbitrator affecting the
               Borrower or any of its Subsidiaries of the type described in
               Section 4.01(f);

                       (vii) not later than 15 days prior to the consummation by
               the Borrower or any Subsidiary of the Borrower of any purchase or
               other acquisition or any sale, transfer or other disposition of
               any assets (including, without limitation, shares of capital
               stock or other equity interests in any other Person), whether by
               direct acquisition or transfer, by merger or other corporate
               transaction or otherwise, and whether in a single transaction or
               series of related transactions, in any such case having a value
               in excess of $200,000,000, notice of such transaction or series
               of transactions; and

                       (viii) such other information respecting the Borrower or
               any of its Subsidiaries as any Lender through the Agent may from
               time to time reasonably request.

               SECTION 5.02. Negative Covenants

               So long as any Advance shall remain unpaid or any Lender shall
have any Commitment hereunder, the Borrower will not:

               (a) Liens, Etc. Create or suffer to exist, or permit any of its
        Subsidiaries to create or suffer to exist, any Lien on or with respect
        to any of its properties, whether now owned or hereafter acquired, or
        assign, or permit any of its Subsidiaries to assign, any right to
        receive income (except by a Subsidiary in favor of the Borrower or any
        of its Subsidiaries), other than:

                       (i) Permitted Liens,

                       (ii) purchase money Liens (including capital leases) upon
               or in any real or personal property (tangible or intangible)
               acquired or held by the Borrower or any Subsidiary to secure the
               purchase price of such property or to secure Debt incurred solely
               for the purpose of financing the acquisition, construction or
               improvement of such property, or Liens existing on such property
               at the time of its acquisition (other than any such Liens created
               in contemplation of such acquisition that were not incurred to
               finance the acquisition of such property) or extensions, renewals
               or replacements of any of the foregoing for the same or a lesser
               amount, provided, however, that no such Lien shall extend to or
               cover any properties of any character other than the property
               being acquired, constructed or improved and the proceeds thereof
               and no such extension, renewal or replacement shall extend to or
               cover any properties not theretofore subject to the Lien being
               extended, renewed or replaced and the proceeds thereof, provided,
               further that the aggregate principal amount of the indebtedness
               secured by the Liens referred to in this clause (ii) shall not
               exceed 100% of the fair market value of property so acquired at
               the time of acquisition.

                       (iii) the Liens existing on the Effective Date and
               described on Schedule 5.02(a) hereto,

                       (iv) Liens on property of a Person existing at the time
               such Person is merged into or consolidated with the Borrower or
               any Subsidiary of the Borrower or becomes a Subsidiary of the

                                       29

<PAGE>
               Borrower or on assets acquired by the Borrower or any Subsidiary
               of the Borrower existing at the time that such assets are
               acquired; provided that such Liens were not created in
               contemplation of such merger, consolidation or acquisition and do
               not extend to any assets other than those of the Person so merged
               into or consolidated with the Borrower or such Subsidiary or
               acquired by the Borrower or such Subsidiary, and proceeds
               thereof,

                       (v) possessory rights of customers of the Borrower and
               its Subsidiaries in Equipment for Resale arising under leases,
               bailment arrangements and rental agreements entered into in the
               ordinary course of business of the Borrower or such Subsidiary,

                       (vi) Liens upon specific items of Inventory and the
               proceeds thereof securing the obligations of the Borrower or any
               of its Subsidiaries in respect of bankers' acceptances issued or
               created for the account of the Borrower or such Subsidiary to
               facilitate the purchase, shipment or storage of such Inventory,

                       (vii) Liens arising in connection with trade letters of
               credit issued to secure the purchase of Inventory in the ordinary
               course of business of the Borrower and its Subsidiaries, provided
               that such Liens shall cover only the documents in respect of
               which such letters of credit were issued, the goods covered
               thereby and the insurance proceeds of such goods,

                       (viii) Liens arising out of judgments or awards (other
               than any judgment described in Section 6.01(f) or (g) hereof and
               constituting an Event of Default thereunder) in respect of which,
               within 30 days after the imposition thereof, the Borrower or any
               of its Subsidiaries shall in good faith be prosecuting an appeal
               or proceedings for review and shall have secured a subsisting
               stay of execution pending such appeal or proceedings for review,
               provided it shall have set aside on its books adequate reserves,
               in accordance with GAAP, with respect to such judgment or award,

                       (ix) security and other deposits made by the Borrower or
               any Subsidiary of the Borrower under the terms of any lease or
               sublease of property entered into by the Borrower or any such
               Subsidiary in the ordinary course of business,

                       (x) voluntary Liens in favor of the PBGC arising in
               connection with any insufficiency resulting from the actions of,
               and with respect to any Plan of the Borrower or any ERISA
               Affiliate, securing Obligations not exceeding $50,000,000,

                       (xi) other Liens securing Debt in an aggregate principal
               amount not to exceed $50,000,000 at any time outstanding,

                       (xii) Sales or discounts in the ordinary course of
               business by the Borrower or any Subsidiary of the Borrower of
               customer leases or other receivables for cash in an amount not
               less than the fair market value thereof (after taking into
               account customary reserves for losses, yield protection, fees and
               similar matters), and

                       (xiii) the replacement, extension or renewal of any Lien
               permitted by clause (iii) or (iv) above upon or in the same
               property theretofore subject thereto or the replacement,
               extension or renewal (without increase in the amount by more than
               the sum of accrued and unpaid interest and normal and customary
               costs, fees and expenses payable in connection therewith or
               change in any direct or contingent obligor) of the Debt secured
               thereby.

               (b) Mergers, Etc. Merge or consolidate with or into, or convey,
        transfer, lease or otherwise dispose of (whether in one transaction or
        in a series of transactions) all or substantially all of its assets
        (whether now owned or hereafter acquired) to, any Person, or permit any
        of its Subsidiaries to do so, except that (i) any Subsidiary of the
        Borrower may merge or consolidate with or into, or dispose of assets to,
        any other Subsidiary of the Borrower, (ii) any Subsidiary of the
        Borrower may merge into or dispose of assets to the Borrower, (iii) the
        Borrower may merge with any other Person so long as the Borrower is the

                                       30

<PAGE>
        surviving corporation, and (iv) any Subsidiary of the Borrower may merge
        into or dispose of its assets to any other Person so long as such merger
        or disposition does not involve all or substantially all of the assets
        of the Borrower and its Subsidiaries taken as a whole; provided, in each
        case, that no Default shall have occurred and be continuing at the time
        of such proposed transaction or would result therefrom. Any voluntary
        liquidation, dissolution or winding up of any Subsidiary of the Borrower
        shall be deemed to be a merger for purposes of this subsection.

               (c) Accounting Changes. Make or permit, or permit any of its
        Subsidiaries to make or permit, any significant change in accounting
        policies or reporting practices, except as required by generally
        accepted accounting principles or any applicable law, rule or
        regulation, except that any Subsidiary may change its fiscal year to
        that of the Borrower.

               (d) Change in Nature of Business. Permit the material business
        activities, taken as a whole, of the Borrower and its Subsidiaries to be
        altered in any substantial and material way.

               (e) Speculative Transactions. Engage, or permit any of its
        Subsidiaries to engage, in any transaction involving commodity options
        or futures contracts or any similar speculative transactions except to
        hedge the exposure of the Borrower or its Subsidiaries to the underlying
        commodity, interest rate or foreign currency.

               (f) Subsidiary Debt. Permit its Subsidiaries to incur Debt to a
        Person other than the Borrower or any of its Subsidiaries in excess of
        $250 million, in the aggregate, at any time outstanding.

               SECTION 5.03. Financial Covenants. So long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, the Borrower
will:

               (a) Leverage Ratio. Maintain, at the end of each fiscal quarter
        of the Borrower, a ratio of Consolidated Funded Debt as of such date to
        Consolidated EBITDA for the four fiscal quarters ending on such date of
        not greater than 3.25:1.00.

               (b) Interest Coverage Ratio. Maintain, at the end of each fiscal
        quarter of the Borrower, a ratio of Consolidated EBITDA to Interest
        Expense of not less than 3.5:1.0 for the four fiscal quarters ending on
        such date.

                                   ARTICLE VI

                                EVENTS OF DEFAULT

               SECTION 6.01. Events of Default. If any of the following events
("Events of Default") shall occur and be continuing:

               (a) The Borrower shall fail to pay any principal of any Advance
        when the same becomes due and payable; or the Borrower shall fail to pay
        any interest on any Advance or make any other payment of fees or other
        amounts payable under this Agreement or any Note within three Business
        Days after the same becomes due and payable; or

               (b) Any representation or warranty made or deemed made by the
        Borrower herein or by the Borrower (or any of its officers) in
        connection with this Agreement shall prove to have been incorrect in any
        material respect when made or deemed made; or

               (c) (i) The Borrower shall fail to perform or observe any term,
        covenant or agreement contained in Section 5.01(d), (e), (h) or (i),
        5.02 or 5.03, or (ii) the Borrower shall fail to perform or observe any
        other term, covenant or agreement contained in this Agreement on its
        part to be performed or observed if such failure shall remain unremedied
        for 30 days after the earlier of (i) knowledge thereof by any Specified

                                       31

<PAGE>
        Officer and (ii) the date on which written notice thereof shall have
        been given to the Borrower by the Agent or any Lender; or

               (d) The Borrower or any of its Subsidiaries shall fail to pay any
        principal of or premium or interest on any Debt that is outstanding in a
        principal or notional amount of at least $50,000,000 in the aggregate
        (but excluding Debt outstanding hereunder) of the Borrower or such
        Subsidiary (as the case may be), when the same becomes due and payable
        (whether by scheduled maturity, required prepayment, acceleration,
        demand or otherwise), and such failure shall continue after the
        applicable grace period, if any, specified in the agreement or
        instrument relating to such Debt; or any other event shall occur or
        condition shall exist under any agreement or instrument relating to any
        such Debt and shall continue after the applicable grace period, if any,
        specified in such agreement or instrument, if the effect of such event
        or condition is to accelerate, or to permit the acceleration of, the
        maturity of such Debt; or any such Debt shall be declared to be due and
        payable, or required to be prepaid or redeemed (other than by a
        regularly scheduled required prepayment or redemption), purchased or
        defeased, or an offer to prepay, redeem, purchase or defease such Debt
        shall be required to be made, in each case prior to the stated maturity
        thereof (except for any secured debt that becomes due by reason of the
        sale or other disposition of the asset securing such debt provided such
        debt is repaid at the time of such sale or disposition); or

               (e) The Borrower or any of its Subsidiaries shall generally not
        pay its debts as such debts become due, or shall admit in writing its
        inability to pay its debts generally, or shall make a general assignment
        for the benefit of creditors; or any proceeding shall be instituted by
        or against the Borrower or any of its Subsidiaries seeking to adjudicate
        it a bankrupt or insolvent, or seeking liquidation, winding up,
        reorganization, arrangement, adjustment, protection, relief, or
        composition of it or its debts under any law relating to bankruptcy,
        insolvency or reorganization or relief of debtors (except for any such
        liquidation or winding up of any Subsidiary of the Borrower permitted
        under this Agreement), or seeking the entry of an order for relief or
        the appointment of a receiver, trustee, custodian or other similar
        official for it or for any substantial part of its property and, in the
        case of any such proceeding instituted against it (but not instituted by
        it), either such proceeding shall remain undismissed or unstayed for a
        period of 30 days, or any of the actions sought in such proceeding
        (including, without limitation, the entry of an order for relief
        against, or the appointment of a receiver, trustee, custodian or other
        similar official for, it or for any substantial part of its property)
        shall occur; or the Borrower or any of its Subsidiaries shall take any
        corporate action to authorize any of the actions set forth above in this
        subsection (e); or

               (f) Judgments or orders for the payment of money in excess of
        $50,000,000 in the aggregate shall be rendered against the Borrower or
        any of its Subsidiaries and either (i) enforcement proceedings shall
        have been commenced by any creditor upon such judgment or order or (ii)
        there shall be any period of 30 consecutive days during which a stay of
        enforcement of such judgment or order, by reason of a pending appeal or
        otherwise, shall not be in effect; provided, however, that any such
        judgment or order shall not be an Event of Default under this Section
        6.01(f) to the extent that and for so long as (i) the amount of such
        judgment or order is covered by a valid and binding policy of insurance
        between the defendant and the insurer covering payment thereof and (ii)
        such insurer, which shall be rated at least "A" by A.M. Best Company,
        has been notified of, and has not declined the claim made for payment
        of, the amount of such judgment or order; or

               (g) Any non-monetary judgment or order shall be rendered against
        the Borrower or any of its Subsidiaries that is reasonably likely to
        have a Material Adverse Effect, and there shall be any period of 10
        consecutive Business Days during which a stay of enforcement of such
        judgment or order, by reason of a pending appeal or otherwise, shall not
        be in effect; or

               (h) (i) Any Person or two or more Persons acting in concert shall
        have acquired beneficial ownership (within the meaning of Rule 13d-3 of
        the Securities and Exchange Commission under the Securities Exchange Act
        of 1934), directly or indirectly, of Voting Stock of the Borrower (or
        other securities convertible into such Voting Stock) representing 35% or
        more of the combined voting power of all Voting Stock of the Borrower;
        or (ii) during any period of up to 12 consecutive months, commencing
        before or after the date of this Agreement, individuals who at the
        beginning of such 12-month period were directors of the Borrower shall
        cease for any reason to constitute a majority of the board of directors
        of the

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        Borrower; or (iii) any Person or two or more Persons acting in concert
        shall have acquired by contract or otherwise, or shall have entered into
        a contract or arrangement that, upon consummation, will result in its or
        their acquisition of the power to exercise, directly or indirectly, a
        controlling influence over the management or policies of the Borrower;
        or

               (i) The Borrower or any of its ERISA Affiliates shall incur, or,
        in the reasonable opinion of the Required Lenders, shall be reasonably
        likely to incur liability in excess of $50,000,000 in the aggregate as a
        result of one or more of the following: (i) the occurrence of any ERISA
        Event; (ii) the partial or complete withdrawal of the Borrower or any of
        its ERISA Affiliates from a Multiemployer Plan; or (iii) the
        reorganization or termination of a Multiemployer Plan; or

               (j) The Borrower asserts, or a final non-appealable determination
        is rendered by a court of competent jurisdiction to the effect, that
        this Agreement or any of the Notes is invalid or unenforceable.

then, and in any such event, the Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the
obligation of each Lender to make Advances to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the Notes,
all interest thereon and all other amounts payable under this Agreement to be
forthwith due and payable, whereupon the Notes, all such interest and all such
amounts shall become and be forthwith due and payable, without presentment,
demand, protest or further notice of any kind, all of which are hereby expressly
waived by the Borrower; provided, however, that in the event of an actual or
deemed entry of an order for relief with respect to the Borrower under the
Federal Bankruptcy Code, (A) the obligation of each Lender to make Advances
shall automatically be terminated and (B) the Notes, all such interest and all
such amounts shall automatically become and be due and payable, without
presentment, demand, protest or any notice of any kind, all of which are hereby
expressly waived by the Borrower.

                                   ARTICLE VII

                                    THE AGENT

               SECTION 7.01. Authorization and Action. Each Lender hereby
appoints and authorizes the Agent to take such action as agent on its behalf and
to exercise such powers and discretion under this Agreement as are delegated to
the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by
this Agreement (including, without limitation, enforcement or collection of the
Notes), the Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be
fully protected in so acting or refraining from acting) upon the instructions of
the Required Lenders, and such instructions shall be binding upon all Lenders
and all holders of Notes; provided, however, that the Agent shall not be
required to take any action that exposes the Agent to personal liability or that
is contrary to this Agreement or applicable law. The Agent agrees to give to
each Lender prompt notice of each notice given to it by the Borrower pursuant to
the terms of this Agreement.

               SECTION 7.02. Agent's Reliance, Etc. Neither the Agent nor any of
its directors, officers, agents or employees shall be liable for any action
taken or omitted to be taken by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct.
Without limitation of the generality of the foregoing, the Agent: (i) may treat
the payee of any Note as the holder thereof until the Agent receives and accepts
an Assumption Agreement entered into by an Assuming Lender as provided in
Section 2.16 or 2.17, as the case may be, or an Assignment and Acceptance
entered into by the Lender that is the payee of such Note, as assignor, and an
Eligible Assignee, as assignee, as provided in Section 8.06; (ii) may consult
with legal counsel (including counsel for the Borrower), independent public
accountants and other experts selected by it and shall not be liable for any
action taken or omitted to be taken in good faith by it in accordance with the
advice of such counsel, accountants or experts; (iii) makes no warranty or
representation to any Lender and shall not be responsible to any Lender for any
statements, warranties or representations (whether written or oral) made in or
in connection with this Agreement; (iv) shall not have any duty to ascertain or
to inquire as to the performance, observance or satisfaction of any of the
terms, covenants or conditions of this Agreement on the part of the Borrower or
the existence at any time of any Default or to inspect the property (including
the books and records) of the Borrower;

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(v) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or
any other instrument or document furnished pursuant hereto; and (vi) shall incur
no liability under or in respect of this Agreement by acting upon any notice,
consent, certificate or other instrument or writing (which may be by facsimile
transmission or electronic mail message) believed by it to be genuine and signed
or sent by the proper party or parties.

               SECTION 7.03. CUSA and Affiliates. With respect to its
Commitment, the Advances made by it and the Note issued to it, CUSA shall have
the same rights and powers under this Agreement as any other Lender and may
exercise the same as though it were not the Agent; and the term "Lender" or
"Lenders" shall, unless otherwise expressly indicated, include CUSA in its
individual capacity. CUSA and its Affiliates may accept deposits from, lend
money to, act as trustee under indentures of, accept investment banking
engagements from and generally engage in any kind of business with, the
Borrower, any of its Subsidiaries and any Person who may do business with or own
securities of the Borrower or any such Subsidiary, all as if CUSA were not the
Agent and without any duty to account therefor to the Lenders. The Agent shall
have no duty to disclose any information obtained or received by it or any of
its Affiliates relating to the Borrower or any of its Subsidiaries to the extent
such information was obtained or received in any capacity other than as Agent.

               SECTION 7.04. Lender Credit Decision. Each Lender acknowledges
that it has, independently and without reliance upon the Agent or any other
Lender and based on the financial statements referred to in Section 4.01 and
such other documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement. Each Lender also
acknowledges that it will, independently and without reliance upon the Agent or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement.

               SECTION 7.05. Indemnification. The Lenders agree to indemnify the
Agent (to the extent not reimbursed by the Borrower), ratably according to the
respective principal amounts of the Notes then held by each of them (or if no
Notes are at the time outstanding or if any Notes are held by Persons that are
not Lenders, ratably according to the respective amounts of their Commitments),
from and against any and all liabilities, obligations, claims, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any
kind or nature whatsoever that may be imposed on, incurred by, or asserted
against the Agent in any way relating to or arising out of this Agreement or any
action taken or omitted by the Agent under this Agreement (collectively, the
"Indemnified Costs"), provided that no Lender shall be liable for any portion of
the Indemnified Costs resulting from the Agent's gross negligence or willful
misconduct. Without limitation of the foregoing, each Lender agrees to reimburse
the Agent promptly upon demand for its ratable share of any out-of-pocket
expenses (including counsel fees) incurred by the Agent in connection with the
preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of,
or legal advice in respect of rights or responsibilities under, this Agreement,
to the extent that the Agent is not reimbursed for such expenses by the
Borrower. In the case of any investigation, litigation or proceeding giving rise
to any Indemnified Costs, this Section 7.05 applies whether any such
investigation, litigation or proceeding is brought by the Agent, any Lender or a
third party.

               SECTION 7.06. Successor Agent. The Agent may resign at any time
by giving written notice thereof to the Lenders and the Borrower and may be
removed at any time with or without cause by the Required Lenders. Upon any such
resignation or removal, the Required Lenders shall have the right to appoint a
successor Agent, provided that the appointment of any such successor Agent shall
be subject to the consent of the Borrower (not to be unreasonably withheld or
delayed) so long as no Event of Default has occurred and is continuing. If no
successor Agent shall have been so appointed by the Required Lenders, and shall
have accepted such appointment, within 30 days after the retiring Agent's giving
of notice of resignation or the Required Lenders' removal of the retiring Agent,
then the retiring Agent may, on behalf of the Lenders, appoint a successor
Agent, which shall be a commercial bank organized under the laws of the United
States of America or of any State thereof and having a combined capital and
surplus of at least $500,000,000. Upon the acceptance of any appointment as
Agent hereunder by a successor Agent, such successor Agent shall thereupon
succeed to and become vested with all the rights, powers, discretion, privileges
and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations under this Agreement. After any retiring Agent's
resignation or removal hereunder as Agent,

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<PAGE>
               the provisions of this Article VII shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Agent under this
Agreement.

                                  ARTICLE VIII

                                  MISCELLANEOUS

               SECTION 8.01. Amendments, Etc. No amendment or waiver of any
provision of this Agreement or the Notes, nor consent to any departure by the
Borrower therefrom, shall in any event be effective unless the same shall be in
writing and signed by the Required Lenders, and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose
for which given; provided, however, that no amendment, waiver or consent shall,
unless in writing and signed by all the Lenders, do any of the following: (a)
waive any of the conditions specified in Section 3.01, (b) except as otherwise
provided herein, increase the Commitments of the Lenders or any Lender's
percentage thereof, (c) reduce the principal of, or interest on, the Notes or
any fees or other amounts payable hereunder, (d) except as otherwise provided
herein, postpone any date fixed for any payment of principal of, or interest on,
the Notes or any fees or other amounts payable hereunder, (e) change the
percentage of the Commitments or of the aggregate unpaid principal amount of the
Notes, or the number of Lenders, that shall be required for the Lenders or any
of them to take any action hereunder or (f) amend this Section 8.01; and
provided, further that no amendment, waiver or consent shall, unless in writing
and signed by the Agent in addition to the Lenders required above to take such
action, affect the rights or duties of the Agent under this Agreement or any
Note.

               SECTION 8.02. Notices, Etc. (a) All notices, requests, demands,
and other communications relating this Agreement which any party is required or
desires to give to the other shall be in writing, shall be sent by United States
mail, commercial delivery service, facsimile transmission, or electronic mail
and shall be addressed to the party to receive the notice as specified in this
Section. Any party may change its address for notices by sending a Notice
pursuant to this Section 8.02.

               (b) Notices to be sent to the Borrower via United States mail,
delivery service or facsimile transmission shall be addressed to the Borrower at
its address at P.O. Box 3100, 4300 N. Harbor Blvd., Fullerton, CA 92834-3100,
Attention: Treasurer (Facsimile no.: (714) 773-6840), with a copy to the same
address, Attention: General Counsel (Facsimile no.: (714) 773-7936). Notices to
be delivered to any Initial Lender shall be addressed to the Initial Lender at
its Domestic Lending Office specified opposite its name on Schedule I hereto; if
to any other Lender, at its Domestic Lending Office specified in the Assumption
Agreement or the Assignment and Acceptance pursuant to which it became a Lender;
and if to the Agent, at its address at 2 Penns Way, Suite 200, New Castle,
Delaware 19720, Attention: Kimberly Eidam-Melendez (Facsimile no.: (302)
894-6120), with a copy to 1 Samsome Street, 27th Floor, San Francisco,
California 94104, Attention: Doris Mendoza (Facsimile no.: (415) 433-0307)].
Each party shall designate an address for the delivery of electronic mail
messages at the written request of any other party.

               (c) Notices sent by United States Mail shall be sent by first
class mail, registered or certified, postage prepaid, and properly addressed and
shall be deemed to have been given on the date actually received or the fifth
day after mailing, whichever is earlier. Notices sent by commercial delivery
service shall be sent using a service that provides traceability of packages and
shall be deemed given on the date actually received or on the third business day
after the date they are picked up by the delivery service. Notices given by
facsimile transmission shall be deemed given on the next business day after the
date transmitted, provided a confirming signed original is mailed to the party
to whom the notice is addressed on the date it is transmitted. Electronic mail
messages shall be deemed given to the addressee of such message only upon
receipt of a reply electronic mail message confirming receipt; provided,
however, that an automated "out of office" or similar reply message shall not be
deemed to confirm receipt.

               SECTION 8.03. No Waiver; Remedies. No failure on the part of any
Lender or the Agent to exercise, and no delay in exercising, any right hereunder
or under any Note shall operate as a waiver thereof; nor shall any single or
partial exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

                                       35

<PAGE>
               SECTION 8.04. Costs and Expenses. (a) The Borrower agrees to pay
on demand all costs and expenses of the Agent and the Arrangers in connection
with the preparation, execution, delivery, administration, modification and
amendment of this Agreement, the Notes and the other documents to be delivered
hereunder, including, without limitation, (A) all due diligence, syndication
(including printing, distribution and bank meetings), transportation, computer,
duplication, appraisal, consultant, and audit expenses and (B) the reasonable
fees and expenses of counsel for the Agent and the Arrangers with respect
thereto and with respect to advising the Agent as to its rights and
responsibilities under this Agreement. The Borrower further agrees to pay on
demand all costs and expenses of the Agent and the Lenders, if any (including,
without limitation, reasonable counsel fees and expenses), in connection with
the enforcement (whether through negotiations, legal proceedings or otherwise)
of this Agreement, the Notes and the other documents to be delivered hereunder,
including, without limitation, reasonable fees and expenses of counsel for the
Agent and each Lender in connection with the enforcement of rights under this
Section 8.04(a).

        (b) The Borrower agrees to indemnify and hold harmless the Agent, each
Arranger and each Lender and each of their Affiliates and their officers,
directors, employees, agents and advisors (each, an "Indemnified Party") from
and against any and all liabilities, obligations, claims, damages, losses,
penalties, actions, judgments, suits, costs, disbursements and expenses
(including, without limitation, reasonable fees and expenses of counsel)
incurred by or asserted or awarded against any Indemnified Party, in each case
arising out of or in connection with or by reason of (including, without
limitation, in connection with any investigation, litigation or proceeding or
preparation of a defense in connection therewith) (i) the Notes, this Agreement,
any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances or (ii) the actual or alleged presence of Hazardous
Materials on any property of the Borrower or any of its Subsidiaries or any
Environmental Action relating in any way to the Borrower or any of its
Subsidiaries, except to the extent such liability, obligation, claim, damage,
loss, penalty, action, judgment, suit, cost, disbursement or expense is found in
a final, non-appealable judgment by a court of competent jurisdiction to have
resulted from such Indemnified Party's gross negligence or willful misconduct,
in each case regardless of whether the event giving rise to such liability shall
have occurred prior to, on or after the date hereof. In the case of an
investigation, litigation or other proceeding to which the indemnity in this
Section 8.04(b) applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower, its
directors, equityholders or creditors or an Indemnified Party or any other
Person, whether or not any Indemnified Party is otherwise a party thereto and
whether or not the transactions contemplated hereby are consummated.
Notwithstanding any other provisions to the contrary herein, no obligation to
indemnify and hold harmless any Indemnified Party under this Section arises from
a failure by such Indemnified Party to comply with any laws, regulations, rules
or orders that may apply to its business, or a failure by such Indemnified Party
to possess the capacity to participate in the transactions contemplated by this
Agreement or to take all actions necessary to authorize its participation in
such transactions. The Borrower also agrees not to assert any claim for special,
indirect, consequential or punitive damages against the Agent, any Lender, any
of their Affiliates, or any of their respective directors, officers, employees,
attorneys and agents, on any theory of liability arising out of or otherwise
relating to the Notes, this Agreement, any of the transactions contemplated
herein or the actual or proposed use of the proceeds of the Advances.

        (c) If any payment of principal of, or Conversion of, any Eurodollar
Rate Advance is made by the Borrower to or for the account of a Lender other
than on the last day of the Interest Period for such Advance, as a result of a
payment or Conversion pursuant to Section 2.07(d) or (e), 2.09 or 2.11,
acceleration of the maturity of the Notes pursuant to Section 6.01 or for any
other reason, the Borrower shall, within seven days following demand by such
Lender accompanied by a calculation in reasonable detail of the amount demanded
(with a copy of such demand to the Agent), pay to the Agent for the account of
such Lender any amounts required to compensate such Lender for any additional
losses, costs or expenses that it may reasonably incur as a result of such
payment or Conversion, including, without limitation, any loss (including loss
of anticipated profits), cost or expense incurred by reason of the liquidation
or reemployment of deposits or other funds acquired by any Lender to fund or
maintain such Advance.

        (d) Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower contained in
Sections 2.10, 2.13 and 8.04 shall survive the payment in full of principal,
interest and all other amounts payable hereunder and under the Notes.

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<PAGE>
               SECTION 8.05. Right of Set-off. Upon (i) the occurrence and
during the continuance of any Event of Default and (ii) the making of the
request or the granting of the consent specified by Section 6.01 to authorize
the Agent to declare the Notes due and payable pursuant to the provisions of
Section 6.01, each Lender and each of its Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other indebtedness at any time owing by such
Lender or such Affiliate to or for the credit or the account of the Borrower
against any and all of the obligations of the Borrower now or hereafter existing
under this Agreement and the Note held by such Lender, whether or not such
Lender shall have made any demand under this Agreement or such Note and although
such obligations may be unmatured. Each Lender agrees promptly to notify the
Borrower after any such set-off and application, provided that the failure to
give such notice shall not affect the validity of such set-off and application.
The rights of each Lender and its Affiliates under this Section are in addition
to other rights and remedies (including, without limitation, other rights of
set-off) that such Lender and its Affiliates may have.

               SECTION 8.06. Binding Effect. This Agreement shall become
effective (other than Section 2.01, which shall only become effective upon
satisfaction of the conditions precedent set forth in Section 3.01) when it
shall have been executed by the Borrower and the Agent and when the Agent shall
have been notified by each Initial Lender that such Initial Lender has executed
it and thereafter shall be binding upon and inure to the benefit of the
Borrower, the Agent and each Lender and their respective successors and assigns,
except that the Borrower shall not have the right to assign its rights hereunder
or any interest herein without the prior written consent of the Lenders.

               SECTION 8.07. Assignments and Participations. (a) Each Lender may
assign to one or more Persons all or a portion of its rights and obligations
under this Agreement (including, without limitation, all or a portion of its
Commitment, the Advances owing to it and the Note or Notes held by it);
provided, however, that (i) each such assignment shall be of a constant, and not
a varying, percentage of all rights and obligations under this Agreement, (ii)
except in the case of an assignment to a Person that, immediately prior to such
assignment, was a Lender or an assignment of all of a Lender's rights and
obligations under this Agreement, the amount of the Commitment of the assigning
Lender being assigned pursuant to each such assignment (determined as of the
date of the Assignment and Acceptance with respect to such assignment) shall in
no event be less than $5,000,000 or an integral multiple of $1,000,000 in excess
thereof, (iii) each such assignment shall be to an Eligible Assignee, and (iv)
the parties to each such assignment shall execute and deliver to the Agent, for
its acceptance and recording in the Register, an Assignment and Acceptance,
together with any Note subject to such assignment and a processing and
recordation fee of $3,500. Upon such execution, delivery, acceptance and
recording, from and after the effective date specified in each Assignment and
Acceptance, (x) the assignee thereunder shall be a party hereto and, to the
extent that rights and obligations hereunder have been assigned to it pursuant
to such Assignment and Acceptance, have the rights and obligations of a Lender
hereunder and (y) the Lender assignor thereunder shall, to the extent that
rights and obligations hereunder have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (other than its rights under
Sections 2.11, 2.14 and 8.04 to the extent any claim thereunder relates to an
event arising prior to such assignment) and be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering
all or the remaining portion of an assigning Lender's rights and obligations
under this Agreement, such Lender shall cease to be a party hereto).

        (b) By executing and delivering an Assignment and Acceptance, the Lender
assignor thereunder and the assignee thereunder confirm to and agree with each
other and the other parties hereto as follows: (i) other than as provided in
such Assignment and Acceptance, such assigning Lender makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other instrument or document furnished pursuant
hereto; (ii) such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the
Borrower or the performance or observance by the Borrower of any of its
obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in
Section 4.01 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such
Assignment and Acceptance; (iv) such assignee will, independently and without
reliance upon the Agent, such assigning Lender or any other Lender and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
this Agreement; (v) such

                                       37

<PAGE>
assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints
and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under this Agreement as are delegated to the
Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto; and (vii) such assignee agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of this Agreement are required to be performed by it as a Lender.

        (c) The Agent shall maintain at its address referred to in Section 8.02
a copy of each Assumption Agreement and each Assignment and Acceptance delivered
to and accepted by it and a register for the recordation of the names and
addresses of the Lenders and the Commitment of, and principal amount of the
Advances owing to, each Lender from time to time (the "Register"). The entries
in the Register shall be conclusive and binding for all purposes, absent
manifest error, and the Borrower, the Agent and the Lenders may treat each
Person whose name is recorded in the Register as a Lender hereunder for all
purposes of this Agreement. The Register shall be available for inspection by
the Borrower or any Lender at any reasonable time and from time to time upon
reasonable prior notice.

        (d) Upon its receipt of an Assignment and Acceptance executed by an
assigning Lender and an assignee representing that it is an Eligible Assignee,
together with any Note or Notes subject to such assignment, the Agent shall, if
such Assignment and Acceptance has been completed and is in substantially the
form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record
the information contained therein in the Register and (iii) give prompt notice
thereof to the Borrower. Within five Business Days after its receipt of such
notice, the Borrower, at its own expense, shall execute and deliver to the Agent
in exchange for the surrendered Note a new Note to the order of such Eligible
Assignee in an amount equal to the Commitment assumed by it pursuant to such
Assignment and Acceptance and, if the assigning Lender has retained a Commitment
hereunder, a new Note to the order of the assigning Lender in an amount equal to
the Commitment retained by it hereunder. Such new Note or Notes shall be in an
aggregate principal amount equal to the aggregate principal amount of such
surrendered Note or Notes, shall be dated the effective date of such Assignment
and Acceptance and shall otherwise be in substantially the form of Exhibit A
hereto.

        (e) Each Lender may sell participations to one or more banks or other
entities (other than the Borrower or any of its Affiliates) in or to all or a
portion of its rights and obligations under this Agreement (including, without
limitation, all or a portion of its Commitment, the Advances owing to it and the
Note or Notes held by it); provided, however, that (i) such Lender's obligations
under this Agreement (including, without limitation, its Commitment to the
Borrower hereunder) shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations,
(iii) such Lender shall remain the holder of any such Note for all purposes of
this Agreement, (iv) the Borrower, the Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender's rights and obligations under this Agreement and (v) no participant
under any such participation shall have any right to approve any amendment or
waiver of any provision of this Agreement or any Note, or any consent to any
departure by the Borrower therefrom, except to the extent that such amendment,
waiver or consent would reduce the principal of, or interest on, the Notes or
any fees or other amounts payable hereunder, in each case to the extent subject
to such participation, or postpone any date fixed for any payment of principal
of, or interest on, the Notes or any fees or other amounts payable hereunder, in
each case to the extent subject to such participation.

        (f) Any Lender may, in connection with any assignment or participation
or proposed assignment or participation pursuant to this Section 8.07, disclose
to the assignee or participant or proposed assignee or participant, any
information relating to the Borrower furnished to such Lender by or on behalf of
the Borrower; provided that, prior to any such disclosure, the assignee or
participant or proposed assignee or participant shall agree to preserve the
confidentiality of any Confidential Information relating to the Borrower
received by it from such Lender.

        (g) Notwithstanding any other provision set forth in this Agreement, any
Lender may at any time create a security interest in all or any portion of its
rights under this Agreement (including, without limitation, the Advances owing
to it and the Note held by it) in favor of any Federal Reserve Bank in
accordance with Regulation A of the Board of Governors of the Federal Reserve
System.

        (h) Notwithstanding anything to the contrary contained herein, any
Lender (a "Granting Lender") may grant to a special purpose funding vehicle
sponsored, administered or managed by the Granting Lender (a "SPC"),

                                       38

<PAGE>
identified as such in writing from time to time by the Granting Lender to the
Agent and the Borrower, the option to provide to the Borrower all or any part of
any Advance that such Granting Lender would otherwise be obligated to make to
the Borrower pursuant to this Agreement; provided that (i) nothing herein shall
constitute a commitment by any SPC to make any Advance, (ii) no SPC shall,
solely by reason of any such grant or any Advance made by such SPC thereunder,
be deemed to be a Lender hereunder, and (iii) the Granting Lender shall not be
relieved of any of its obligations under this Agreement by reason of any such
grant and, if an SPC elects not to exercise such option or otherwise fails to
provide all or any part of such Advance, the Granting Lender shall be obligated
to make such Advance pursuant to the terms hereof. The making of an Advance by
an SPC hereunder shall utilize the Commitment of the Granting Lender to the same
extent, and as if, such Advance were made by such Granting Lender. Each party
hereto hereby agrees that no SPC shall be liable for any indemnity or similar
payment obligation under this Agreement (all liability for which shall remain
with the Granting Lender). In furtherance of the foregoing, each party hereto
hereby agrees (which agreement shall survive the termination of this Agreement)
that, prior to the date that is one year and one day after the payment in full
of all outstanding commercial paper or other senior indebtedness of any SPC, it
will not institute against, or join any other person in instituting against,
such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings under the laws of the United States or any State thereof with
respect to any claim arising out of, or relating to, this Agreement or any Note
or the performance or non-performance of any obligation thereunder. In addition,
notwithstanding anything to the contrary contained in this Section 8.07(h), any
SPC may (A) with notice to, but without (except as provided below) the prior
written consent of, the Borrower and the Agent and without paying any processing
fee therefor, assign all or a portion of its interests in any Advances to the
Granting Lender or, with the consent of the Borrower and the Agent, to any
financial institutions providing liquidity and/or credit support to or for the
account of such SPC to support the funding or maintenance of Advances and (B)
disclose on a confidential basis (subject to the same terms as set forth in
Section 8.08 with respect to the disclosure of any Confidential Information to
assignees and participants) any non-public information relating to its Advances
to any rating agency, commercial paper dealer or provider of any surety,
guarantee or credit or liquidity enhancement to such SPC. For the avoidance of
doubt, notwithstanding anything in this Section 8.07(h) to the contrary, no SPC
nor any institution providing liquidity and/or credit support to, or for the
account of, such SPC shall be entitled to the benefits of a Lender under this
Agreement, including, but not limited to, the benefits under Sections 2.10 or
2.13 or any indemnification provisions, and the Granting Lender shall for all
purposes, including any consent, approval or waiver hereunder, continue to be
the Lender entitled to all the rights and benefits of a Lender under this
Agreement, and bound by the obligations of a Lender hereunder, provided that in
any case any such SPC (or any assignee thereof) shall be entitled to receive
payments due in respect of any Advance made by such SPC hereunder. The Granting
Lender hereby agrees to indemnify and hold harmless the Borrower from any
additional cost or expense incurred by the Borrower in connection with the
transactions contemplated by this Section 8.07(h) with respect to any grant made
by such Granting Lender to any SPC . This section may not be amended without the
written consent of the SPC.

               SECTION 8.08. Confidentiality. Neither the Agent nor any Lender
shall disclose any Confidential Information to any other Person without the
consent of the Borrower, other than (a) to the Agent's or such Lender's
Affiliates and their officers, directors, employees, agents and advisors and, as
contemplated by Section 8.07(f), to actual or prospective assignees and
participants, and then only on a confidential basis, (b) as required by any law,
rule or regulation or judicial process; provided that unless specifically
prohibited by applicable law or court order each Lender and the Agent shall use
reasonable efforts to endeavor to notify the Borrower of any request of any
governmental authority (other than any such request in connection with an
examination of the financial condition or operation of such Lender or the Agent)
for disclosure of any confidential information prior to disclosure thereof and
(c) as requested or required by any state, federal or foreign authority or
examiner regulating banks or banking. Before the Agent or any Lender discloses
any Confidential Information to any actual or prospective assignees and
participants, the Agent or Lender wishing to disclose the Confidential
Information shall obtain the written agreement of the proposed recipient to keep
the information confidential. Each such written agreement shall state that it is
for the benefit of and may be enforced by Borrower and a copy of the written
agreement signed by the proposed recipient shall be sent to Borrower.

               SECTION 8.09. Governing Law. This Agreement and the Notes shall
be governed by, and construed in accordance with, the laws of the State of New
York.

               SECTION 8.10. Execution in Counterparts. This Agreement may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be

                                       39

<PAGE>
deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile transmission shall be effective as delivery of a
manually executed counterpart of this Agreement.

               SECTION 8.11. Jurisdiction, Etc. (a) Each of the parties hereto
hereby irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of any New York State court or federal court of
the United States of America sitting in New York City, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this
Agreement or the Notes, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and
determined in any such New York State court or, to the extent permitted by law,
in such federal court. Each of the parties hereto agrees that a final judgment
in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by
law. Nothing in this Agreement shall affect any right that any party may
otherwise have to bring any action or proceeding relating to this Agreement or
the Notes in the courts of any jurisdiction.

        (b) Each of the parties hereto irrevocably and unconditionally waives,
to the fullest extent it may legally and effectively do so, any objection that
it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement or the Notes in any New
York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.

               SECTION 8.12. Waiver of Jury Trial. Each of the Borrower, the
Agent and the Lenders hereby irrevocably waives all right to trial by jury in
any action, proceeding or counterclaim (whether based on contract, tort or
otherwise) arising out of or relating to this Agreement or the Notes or the
actions of the Agent or any Lender in the negotiation, administration,
performance or enforcement thereof.

                                       40

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

                                     BECKMAN COULTER, INC.,
                                        as Borrower

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

                                     CITICORP USA, INC.,
                                        as Administrative Agent

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

                                     BANK OF AMERICA, N.A.,
                                        as Syndication Agent

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

                                     SALOMON SMITH BARNEY INC.,
                                        as Arranger

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

                                     BANC OF AMERICA SECURITIES, LLC,
                                        as Arranger

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

                                       41

<PAGE>
                                     Initial Lenders

Commitment

                                     CITICORP USA, INC.

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

                                     BANK OF AMERICA, N.A.

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

                                     BANK ONE, N.A.

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

                                     FLEET NATIONAL BANK

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

                                       42

<PAGE>
                                     MELLON BANK, N.A.

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

                                     ABN AMRO BANK NV

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

                                     COOPERATIEVE CENTRALE
                                     RAIFFEISEN-BOERENLEENBANK
                                     B.A., "RABOBANK NEDERLAND",
                                     NEW YORK BRANCH

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

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

                                     THE BANK OF NOVA SCOTIA

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

                                       43

<PAGE>
                                     CREDIT SUISSE FIRST BOSTON

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

                                     UNION BANK OF CALIFORNIA, N.A.

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

                                     WELLS FARGO BANK, N.A.

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

                                    Total of the Commitments

                                       44

<PAGE>
                                                                       EXHIBIT A

                                     FORM OF
                                 PROMISSORY NOTE

U.S.$                                              Dated:                 , 20
     ---------------                                       ---------------    --

               FOR VALUE RECEIVED, the undersigned, BECKMAN COULTER, INC., a
Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of
_________________________ (the "Lender") for the account of its Applicable
Lending Office on the Termination Date (each as defined in the Credit Agreement
referred to below) the principal sum of U.S.$[amount of the Lender's Commitment
in figures] or, if less, the aggregate principal amount of the Advances made by
the Lender to the Borrower pursuant to the Credit Agreement dated as of July 10,
2002 among the Borrower, the Lender and certain other lenders parties thereto,
and Citicorp USA, Inc., as Agent for the Lender and such other lenders (as
amended or modified from time to time, the "Credit Agreement"; the terms defined
therein being used herein as therein defined) outstanding on the Termination
Date.

               The Borrower promises to pay interest on the unpaid principal
amount of each Advance from the date of such Advance until such principal amount
is paid in full, at such interest rates, and payable at such times, as are
specified in the Credit Agreement.

               Both principal and interest are payable in lawful money of the
United States of America to Citicorp USA, Inc., as Agent, at 2 Penns Way, Suite
200, New Castle, Delaware 19720, in same day funds. Each Advance owing to the
Lender by the Borrower pursuant to the Credit Agreement, and all payments made
on account of principal thereof, shall be recorded by the Lender and, prior to
any transfer hereof, endorsed on the grid attached hereto which is part of this
Promissory Note.

               This Promissory Note is one of the Notes referred to in, and is
entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
other things, (i) provides for the making of Advances by the Lender to the
Borrower from time to time in an aggregate amount not to exceed at any time
outstanding the U.S. dollar amount first above mentioned, the indebtedness of
the Borrower resulting from each such Advance being evidenced by this Promissory
Note, and (ii) contains provisions for acceleration of the maturity hereof upon
the happening of certain stated events and also for prepayments on account of
principal hereof prior to the maturity hereof upon the terms and conditions
therein specified.

                                                   BECKMAN COULTER, INC.

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

<PAGE>
                       ADVANCES AND PAYMENTS OF PRINCIPAL

<TABLE>
<CAPTION>
                                                AMOUNT OF
                                             PRINCIPAL PAID OR    UNPAID PRINCIPAL
        DATE            AMOUNT OF ADVANCE         PREPAID              BALANCE         NOTATION MADE BY
---------------------- -------------------- -------------------- -------------------- -------------------
<S>                    <C>                  <C>                  <C>                  <C>

</TABLE>

<PAGE>
                                                                       EXHIBIT B

                                     FORM OF
                               NOTICE OF BORROWING

Citicorp USA, Inc., as Agent
  for the Lenders parties
  to the Credit Agreement
  referred to below
2 Penns Way, Suite 200
New Castle, DE 19720

Attention:  ____________________

                                                                  [Date]

Ladies and Gentlemen:

               The undersigned, Beckman Coulter, Inc., refers to the Credit
Agreement, dated as of July 10, 2002 (as amended or modified from time to time,
the "Credit Agreement", the terms defined therein being used herein as therein
defined), among the undersigned, certain Lenders parties thereto and Citicorp
USA, Inc., as Agent for said Lenders, and hereby gives you notice, irrevocably,
pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby
requests a Borrowing under the Credit Agreement, and in that connection sets
forth below the information relating to such Borrowing (the "Proposed
Borrowing") as required by Section 2.02(a) of the Credit Agreement:

               (i) The Business Day of the Proposed Borrowing is
        _______________, 20__.

               (ii) The Type of Advances comprising the Proposed Borrowing is
        [Base Rate Advances] [Eurodollar Rate Advances].

               (iii) The aggregate amount of the Proposed Borrowing is
        $_______________.

               (iv) [The initial Interest Period for each Eurodollar Rate
        Advance made as part of the Proposed Borrowing is __________ month[s].]

               The undersigned hereby certifies that the following statements
are true on the date hereof, and will be true on the date of the Proposed
Borrowing:

               (A) the representations and warranties contained in Section 4.01
        of the Credit Agreement are correct, before and after giving effect to
        the Proposed Borrowing and to the application of the proceeds therefrom,
        as though made on and as of such date (except to the extent such
        representations and warranties relate to an earlier date, in which case
        as though made on and as of such earlier date); and

               (B) no event has occurred and is continuing, or would result from
        such Proposed Borrowing or from the application of the proceeds
        therefrom, that constitutes a Default.

                                                   Very truly yours,

                                                   BECKMAN COULTER, INC.

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

<PAGE>
                                                                       EXHIBIT C

                                     FORM OF
                            ASSIGNMENT AND ACCEPTANCE

               Reference is made to the Credit Agreement dated as of July 10,
2002 (as amended or modified from time to time, the "Credit Agreement") among
Beckman Coulter, Inc., a Delaware corporation (the "Borrower"), the Lenders (as
defined in the Credit Agreement) and Citicorp USA, Inc., as agent for the
Lenders (the "Agent"). Terms defined in the Credit Agreement are used herein
with the same meaning.

               The "Assignor" and the "Assignee" referred to on Schedule 1
hereto agree as follows:

               1. The Assignor hereby sells and assigns to the Assignee, and the
        Assignee hereby purchases and assumes from the Assignor, an interest in
        and to the Assignor's rights and obligations under the Credit Agreement
        as of the date hereof equal to the percentage interest specified on
        Schedule 1 hereto of all outstanding rights and obligations under the
        Credit Agreement. After giving effect to such sale and assignment, the
        Assignee's Commitment and the amount of the Advances owing to the
        Assignee will be as set forth on Schedule 1 hereto.

               2. The Assignor (i) represents and warrants that it is the legal
        and beneficial owner of the interest being assigned by it hereunder and
        that such interest is free and clear of any adverse claim; (ii) makes no
        representation or warranty and assumes no responsibility with respect to
        any statements, warranties or representations made in or in connection
        with the Credit Agreement or the execution, legality, validity,
        enforceability, genuineness, sufficiency or value of the Credit
        Agreement or any other instrument or document furnished pursuant
        thereto; (iii) makes no representation or warranty and assumes no
        responsibility with respect to the financial condition of the Borrower
        or the performance or observance by the Borrower of any of its
        obligations under the Credit Agreement or any other instrument or
        document furnished pursuant thereto; and (iv) attaches the Note held by
        the Assignor and requests that the Agent exchange such Note for a new
        Note payable to the order of the Assignee in an amount equal to the
        Commitment assumed by the Assignee pursuant hereto or new Notes payable
        to the order of the Assignee in an amount equal to the Commitment
        assumed by the Assignee pursuant hereto and the Assignor in an amount
        equal to the Commitment retained by the Assignor under the Credit
        Agreement, respectively, as specified on Schedule 1 hereto.

               3. The Assignee (i) confirms that it has received a copy of the
        Credit Agreement, together with copies of the financial statements
        referred to in Section 4.01 thereof and such other documents and
        information as it has deemed appropriate to make its own credit analysis
        and decision to enter into this Assignment and Acceptance; (ii) agrees
        that it will, independently and without reliance upon the Agent, the
        Assignor or any other Lender and based on such documents and information
        as it shall deem appropriate at the time, continue to make its own
        credit decisions in taking or not taking action under the Credit
        Agreement; (iii) confirms that it is an Eligible Assignee; (iv) appoints
        and authorizes the Agent to take such action as agent on its behalf and
        to exercise such powers and discretion under the Credit Agreement as are
        delegated to the Agent by the terms thereof, together with such powers
        and discretion as are reasonably incidental thereto; (v) agrees that it
        will perform in accordance with their terms all of the obligations that
        by the terms of the Credit Agreement are required to be performed by it
        as a Lender; and (vi) attaches any U.S. Internal Revenue Service forms
        required under Section 2.13 of the Credit Agreement.

               4. Following the execution of this Assignment and Acceptance, it
        will be delivered to the Agent for acceptance and recording by the
        Agent. The effective date for this Assignment and Acceptance (the
        "Effective Date") shall be the date of acceptance hereof by the Agent,
        unless otherwise specified on Schedule 1 hereto.

<PAGE>
               5. Upon such acceptance and recording by the Agent, as of the
        Effective Date, (i) the Assignee shall be a party to the Credit
        Agreement and, to the extent provided in this Assignment and Acceptance,
        have the rights and obligations of a Lender thereunder and (ii) the
        Assignor shall, to the extent provided in this Assignment and
        Acceptance, relinquish its rights and be released from its obligations
        under the Credit Agreement.

               6. Upon such acceptance and recording by the Agent, from and
        after the Effective Date, the Agent shall make all payments under the
        Credit Agreement and the Notes in respect of the interest assigned
        hereby (including, without limitation, all payments of principal,
        interest and facility fees with respect thereto) to the Assignee. The
        Assignor and Assignee shall make all appropriate adjustments in payments
        under the Credit Agreement and the Notes for periods prior to the
        Effective Date directly between themselves.

               7. This Assignment and Acceptance shall be governed by, and
        construed in accordance with, the laws of the State of New York.

               8. This Assignment and Acceptance may be executed in any number
        of counterparts and by different parties hereto in separate
        counterparts, each of which when so executed shall be deemed to be an
        original and all of which taken together shall constitute one and the
        same agreement. Delivery of an executed counterpart of Schedule 1 to
        this Assignment and Acceptance by facsimile transmission shall be
        effective as delivery of a manually executed counterpart of this
        Assignment and Acceptance.

               IN WITNESS WHEREOF, the Assignor and the Assignee have caused
Schedule 1 to this Assignment and Acceptance to be executed by their officers
thereunto duly authorized as of the date specified thereon.

                                       2

<PAGE>
                                   Schedule 1
                                       to
                            Assignment and Acceptance

<TABLE>
<S>                                                   <C>                 <C>
Percentage interest assigned:                                             _____%
Assignee's Commitment:                                $_______________
Aggregate outstanding principal amount of Advances    $_______________
assigned:
Principal amount of Note payable to Assignee:         $_______________
Principal amount of Note payable to Assignor:         $_______________
Effective Date(1):  _______________, 20__
</TABLE>

                                      [NAME OF ASSIGNOR], as Assignor

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

                                      Dated:  _______________, 20__

                                      [NAME OF ASSIGNEE], as Assignee

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

                                      Domestic Lending Office:
                                             [Address]

                                      Eurodollar Lending Office:
                                             [Address]

Accepted [and Approved](2) this
           day of                , 20
----------        ---------------    --

                         , as Agent
-------------------------

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

[Approved this            day of                , 20
               ----------        ---------------    --

--------

(1)     This date should be no earlier than five Business Days after the
        delivery of this Assignment and Acceptance to the Agent.

(2)     Required if the Assignee is an Eligible Assignee solely by reason of
        clause (iii) of the definition of "Eligible Assignee".

<PAGE>
[NAME OF BORROWER]

By                                ](1)
  --------------------------------
    Title:

--------

(1)     Required if the Assignee is an Eligible Assignee solely by reason of
        clause (iii) of the definition of "Eligible Assignee".

                                       2

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