Document:

<PAGE>

                                                                     EXHIBIT 4.7

                             DEBT WARRANT AGREEMENT

                     DATED AS OF __________________________

                                       FOR

                      WARRANTS TO PURCHASE DEBT SECURITIES

                                     BETWEEN

                       THE GOODYEAR TIRE & RUBBER COMPANY

                                       AND

                          (NAME OF DEBT WARRANT AGENT),
                              AS DEBT WARRANT AGENT

                     [ALTERNATIVES REPRESENTED BY BRACKETED
                  OR BLANK SECTIONS HEREIN SHALL BE DETERMINED
                  IN CONFORMITY WITH THE APPLICABLE PROSPECTUS
                           SUPPLEMENT OR SUPPLEMENTS]

<PAGE>

                             DEBT WARRANT AGREEMENT

         THIS DEBT WARRANT AGREEMENT, dated as of _______________, between THE
GOODYEAR TIRE & RUBBER COMPANY, an Ohio corporation (the "Company"), and
_______________________, a _______________ organized and existing under the laws
of ________________________, warrant agent (the "Debt Warrant Agent").

         WHEREAS, the Company has entered into an Indenture dated as of
________________, _____________ (the "Indenture") with _____________________,
trustee (the "Trustee"), providing for the issuance by the Company from time to
time, in one or more series, of debt securities evidencing its unsecured,
[subordinated] indebtedness (such debt securities being referred to as the "Debt
Securities"); and

         WHEREAS, the Company proposes to issue warrants (the "Debt Warrants")
representing the right to purchase Debt Securities of one or more series (the
"Underlying Debt Securities"); and

         WHEREAS, the Company has duly authorized the execution and delivery of
this Debt Warrant Agreement to provide for the issuance of Debt Warrants to be
exercisable at such times and for such prices, and to have such other
provisions, as shall be fixed as hereinafter provided.

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

                                   ARTICLE 1.

              ISSUANCE OF DEBT WARRANTS AND EXECUTION AND DELIVERY
                          OF DEBT WARRANT CERTIFICATES

         1.1 ISSUANCE OF DEBT WARRANTS. Debt Warrants may be issued from time to
time together with or separately from any Underlying Debt Securities (the
"Offered Debt Securities"). Prior to the issuance of any Debt Warrants, there
shall be established by or pursuant to a resolution or resolutions duly adopted
by the Company's Board of Directors or by any committee thereof duly authorized
to act with respect thereto (a "Board Resolution")[The following matters, to the
extent applicable, shall be determined:

                  (a)      the title and aggregate number of such Debt Warrants;

                  (b) whether such Debt Warrants are to be issued with any
Offered Debt Securities and, if so, the title, aggregate principal amount and
terms of any such Offered Debt Securities; the number of Debt Warrants to be
issued with each $1,000 principal amount of such Offered Debt Securities (or
such other principal amount of such Offered Debt Securities as is provided for
in the Board Resolution); and the date, if any, on and after which such Debt
Warrants and such Offered Debt Securities will be separately transferable (the
"Detachable Date");

                                       1
<PAGE>

                  (c) the title, aggregate principal amount, ranking and terms
[(including the subordination and conversion provisions] of the Underlying Debt
Securities that may be purchased upon exercise of such Debt Warrants;

                  (d) the time or times at which, or period or periods during
which, such Debt Warrants may be exercised and the final date on which such Debt
Warrants may be exercised (the "Expiration Date");

                  (e) the principal amount of Underlying Debt Securities that
may be purchased upon exercise of each Debt Warrant and the price, or the manner
of determining the price (the "Debt Warrant Price"), at which such principal
amount may be purchased upon such exercise;

                  (f) the currency or currencies, including composite currencies
or currency units, in which the price of such Debt Warrants, the principal of or
any premium or interest on the Debt Securities purchasable upon the exercise of
such Debt Warrants and the exercise price of such Debt Warrants, will be
payable.

                  (g) the terms of any right to redeem such Debt Warrants; and

                  (h) any other terms of such Debt Warrants not inconsistent
with the provisions of this Agreement. ]

         1.2      FORM OF EXECUTION OF DEBT WARRANT CERTIFICATES.

                  (a) The Debt Warrants shall be evidenced by warrant
certificates (the "Debt Warrant Certificates"), which may be in registered or
bearer form and otherwise shall be substantially in the form set forth in
Exhibit A hereto, appropriately completed, or in such other form or forms as
shall be established by or pursuant to a Board Resolution. Each Debt Warrant
Certificate, whenever issued, shall be dated the date it is countersigned by the
Debt Warrant Agent and may have such letters, numbers or other identifying marks
and such legends or endorsements printed, lithographed or engraved thereon as
are not inconsistent with the provisions of this Agreement, or as may be
required to comply with any applicable law, rule or regulation or with any rule
or regulation of any securities exchange on which the Debt Warrants may be
listed, or to conform to usage, as the officer of the Company executing the same
may approve (such officer's execution thereof to be conclusive evidence of such
approval). Each Debt Warrant Certificate shall evidence one or more Debt
Warrants.

                  (b) The Debt Warrant Certificates shall be signed in the name
and on behalf of the Company by its Chairman, its President or a Vice President
(any reference to a Vice President of the Company herein shall be deemed to
include any Vice President of the Company whether or not designated by a number
or a word or words added before or after the title "Vice President") under its
corporate seal, and attested by its Secretary or an Assistant Secretary. Such
signatures may be manual or facsimile signatures of the present or any future
holder of any such office and may be imprinted or otherwise reproduced on the
Debt Warrant Certificates. The seal of the Company may be in the form of a
facsimile thereof and may be impressed, affixed, imprinted or otherwise
reproduced on the Debt Warrant Certificates.

                                       2
<PAGE>

                  (c) No Debt Warrant Certificate shall be valid for any
purpose, and no Debt Warrant evidenced thereby shall be deemed issued or
exercisable, until such Debt Warrant Certificate has been countersigned by the
manual or facsimile signature of the Debt Warrant Agent. Such signature by the
Debt Warrant Agent upon any Debt Warrant Certificate executed by the Company
shall be conclusive evidence that the Debt Warrant Certificate so countersigned
has been duly issued hereunder.

                  (d) In case any officer of the Company who shall have signed
any Debt Warrant Certificate either manually or by facsimile signature shall
cease to be such officer before the Debt Warrant Certificate so signed shall
have been countersigned and delivered by the Debt Warrant Agent, such Debt
Warrant Certificate nevertheless may be countersigned and delivered as though
the person who signed such Debt Warrant Certificate has not ceased to be such
officer of the Company; and any Debt Warrant Certificate may be signed on behalf
of the Company by such person as, at the actual date of the execution of such
Debt Warrant Certificate, shall be the proper officer of the Company, although
at the date of the execution of this Agreement such person was not such an
officer.

         1.3 ISSUANCE AND DELIVERY OF DEBT WARRANT CERTIFICATES. At any time and
from time to time after the execution and delivery of this Agreement, the
Company may deliver Debt Warrant Certificates executed by the Company to the
Debt Warrant Agent for countersignature. Except as provided in the following
sentence, the Debt Warrant Agent shall thereupon countersign and deliver such
Debt Warrant Certificates to or upon the written request of the Company.

         Subsequent to the original issuance of a Debt Warrant Certificate
evidencing Debt Warrants, the Debt Warrant Agent shall countersign a new Debt
Warrant Certificate evidencing such Debt Warrants only if such Debt Warrant
Certificate is issued in exchange or substitution for one or more previously
countersigned Debt Warrant Certificates evidencing such Debt Warrants or in
connection with their transfer, as hereinafter provided.

         1.4 TEMPORARY DEBT WARRANT CERTIFICATES. Pending the preparation of
definitive Debt Warrant Certificates, the Company may execute, and upon the
order of the Company the Debt Warrant Agent shall countersign and deliver,
temporary Debt Warrant Certificates that are printed, lithographed, typewritten,
mimeographed or otherwise produced, substantially of the tenor of the definitive
Debt Warrant Certificates in lieu of which they are issued and with such
appropriate insertions, omissions, substitutions and other variations as the
officer executing such Debt Warrant Certificates may determine, as evidenced by
such officer's execution of such Debt Warrant Certificates.

         If temporary Debt Warrant Certificates are issued, the Company will
cause definitive Debt Warrant Certificates to be prepared without unreasonable
delay. After the preparation of definitive Debt Warrant Certificates, the
temporary Debt Warrant Certificates shall be exchangeable for definitive Debt
Warrant Certificates shall be exchangeable for definitive Debt Warrant
Certificates or upon surrender of the temporary Debt Warrant Certificates at the
corporate trust office of the Debt Warrant Agent [or ______], without charge to
the Holder, as defined in Section 1.6 hereof. Upon surrender for cancellation of
any one or more temporary

                                       3
<PAGE>

Debt Warrant Certificates, the Company shall execute, and the Debt Warrant Agent
shall countersign and deliver in exchange therefor, definitive Debt Warrant
Certificates representing the same aggregate number of Debt Warrants. Until such
exchange, the temporary Debt Warrant Certificates shall in all respects be
entitled to the same benefits under this Agreement as definitive Debt Warrant
Certificates.

         1.5 PAYMENT OF TAXES. The Company will pay all stamp and other duties,
if any, to which this Agreement or the original issuance of the Debt Warrants or
Debt Warrant Certificates may be subject under the laws of the United States of
America or any state or political subdivision thereof.

         1.6 "HOLDER". The term "Holder" or "Holders," as used herein with
reference to a Debt Warrant Certificate, shall mean [if registered Debt Warrants
-- the person or persons in whose name such Debt Warrant Certificate shall then
be registered as set forth in the Debt Warrant Register to be maintained by the
Debt Warrant Agent pursuant to Section 4.1 for that purpose [if bearer Debt
Warrants - the bearer of such Debt Warrant Certificate] or, in the case of Debt
Warrants that are issued with Offered Debt Securities and cannot then be
transferred separately therefrom, [if registered Offered Debt Securities and
Debt Warrants that are not then detachable - the person or persons in whose name
the related Offered Debt Securities shall be registered as set forth in the
security register to be maintained by the Trustee for such Offered Debt
Securities pursuant to the Indenture] [if bearer Offered Debt Securities and
Debt Warrants that are not then detachable - the bearer of the related Offered
Debt Security], prior to the Detachable Date. [If registered Offered Debt
Securities and Debt Warrants that are not then detachable - the Company will, or
will cause the security registrar of any such Offered Debt Securities to, make
available to the Debt Warrant Agent at all times (including on and after the
Detachable Date, in the case of Debt Warrants originally issued with Offered
Debt Securities and not subsequently transferred separately therefrom) such
information as to holders of Offered Debt Securities with Debt Warrants as may
be necessary to keep the Warrant Register up to date.]

                                   ARTICLE 2.

                     DURATION AND EXERCISE OF DEBT WARRANTS

         2.1 DURATION OF DEBT WARRANTS. Each Debt Warrant may be exercised at
the time or times, or during the period or periods, provided by or pursuant to
the Board Resolution relating thereto and specified in the Debt Warrant
Certificate evidencing such Debt Warrant. Each Debt Warrant not exercised at or
before 5:00 P.M., New York City time, on its Expiration Date shall become void,
and all rights of the Holder of such Debt Warrant thereunder and under this
Agreement shall cease.

         2.2 EXERCISE OF DEBT WARRANTS.

              (a) The Holder of a Debt Warrant shall have the right, at its
option, to exercise such Debt Warrant and, subject to subsection (f) of this
Section 2.2, purchase the principal amount of Underlying Debt Securities
provided for therein at the time or times or during the

                                       4
<PAGE>

period or periods referred to in Section 2.1 and specified in the Debt Warrant
Certificate evidencing such Debt Warrant. Except as may be provided in a Debt
Warrant Certificate, a Debt Warrant may be exercised by completing the form of
election to purchase set forth on the reverse side of the Debt Warrant
Certificate, by duly executing and delivering the same, together with payment in
full of the Debt Warrant Price in lawful money of the [United States of
America,] in cash or by certified or official bank check or by bank wire
transfer, to the Debt Warrant Agent. Except as may be provided in a Debt Warrant
Certificate, the date on which such Debt Warrant Certificate and payment are
received by the Debt Warrant Agent as aforesaid shall be deemed to be the date
on which the Debt Warrant is exercised and the Underlying Debt Securities
issued.

                  (b) Upon the exercise of a Debt Warrant, the Company shall
issue, pursuant to the Indenture, in authorized denominations to or upon the
order of the Holder of such Debt Warrant, the Underlying Debt Securities to
which such Holder is entitled, in the form required under such Indenture,
registered, in the case of Underlying Debt Securities in registered form, in
such name or names as may be directed by such Holder.

                  (c) If fewer than all of the Debt Warrants evidenced by a Debt
Warrant Certificate are exercised, the Company shall execute, and an authorized
officer of the Debt Warrant Agent shall countersign and deliver, a new Debt
Warrant Certificate evidencing the number of Debt Warrants remaining
unexercised.

                  (d) The Debt Warrant Agent shall deposit all funds received by
it in payment of the Debt Warrant Price in the account of the Company maintained
with it for such purpose and shall advise the Company by telephone by 5:00 P.M.,
New York City time, of each day on which a payment of the Debt Warrant Price for
Debt Warrants is received of the amount so deposited in its account. The Debt
Warrant Agent shall promptly confirm such telephone advice in writing to the
Company.

                  (e) The Debt Warrant Agent shall, from time to time, as
promptly as practicable, advise the Company and the Trustee of (i) the number of
Debt Warrants of each title exercised as provided herein, (ii) the instructions
of each Holder with respect to delivery of the Underlying Debt Securities to
which such Holder is entitled upon such exercise, (iii) the delivery of Debt
Warrant Certificates evidencing the balance, if any, of the Debt Warrants
remaining unexercised after such exercise, and (iv) such other information as
the Company or the Trustee shall reasonably require. Such notice may be given by
telephone, to be promptly confirmed in writing.

                  (f) The Holder, and not the Company, shall be required to pay
any stamp or other tax or other governmental charge that may be imposed in
connection with any transfer involved in the issuance of the Underlying Debt
Securities; and in the event that any such transfer is involved, the Company
shall not be required to issue any Underlying Debt Securities (and the Holder's
purchase of the Underlying Debt Securities upon the exercise of such Holder's
Debt Warrant shall not be deemed to have been consummated) until such tax or
other charge shall have been paid or it has been established to the Company's
satisfaction that no such tax or other charge is due.

                                       5
<PAGE>

                                   ARTICLE 3.

                 OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS
                                OF DEBT WARRANTS

         3.1 NO RIGHTS AS HOLDER OF UNDERLYING DEBT SECURITY CONFERRED BY DEBT
WARRANTS OR DEBT WARRANT CERTIFICATES. No Debt Warrant or Debt Warrant
Certificate shall entitle the Holder to any of the rights of a holder of
Underlying Debt Securities, including, without limitation, the right to receive
the payment of principal of (or premium, if any, on) or interest, if any, on
Underlying Debt Securities or to enforce any of the covenants in the Indenture.

         3.2 LOST, STOLEN, DESTROYED OR MUTILATED DEBT WARRANT CERTIFICATES.
Upon receipt by the Company and the Debt Warrant Agent of evidence reasonably
satisfactory to them of the ownership of and the loss, theft, destruction or
mutilation of any Debt Warrant Certificate and of indemnity (other than in
connection with any mutilated Debt Warrant certificates surrendered to the Debt
Warrant Agent for cancellation) reasonably satisfactory to them, the Company
shall execute, and the Debt Warrant Agent shall countersign and deliver, in
exchange for or in lieu of each lost, stolen, destroyed or mutilated Debt
Warrant Certificate, a new Debt Warrant Certificate evidencing a like number of
Debt Warrants of the same title. Upon the issuance of a new Debt Warrant
Certificate under this Section, the Company may require the payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that may
be imposed in connection therewith and any other expenses (including the fees
and expenses of the Debt Warrant Agent) in connection therewith. Every
substitute Debt Warrant Certificate executed and delivered pursuant to this
Section in lieu of any lost, stolen or destroyed Debt Warrant Certificate shall
represent a contractual obligation of the Company, whether or not such lost,
stolen or destroyed Debt Warrant Certificate shall be at any time enforceable by
anyone, and shall be entitled to the benefits of this Agreement equally and
proportionately with any and all other Debt Warrant Certificates, duly executed
and delivered hereunder, evidencing Debt Warrants of the same title. The
provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement of lost,
stolen, destroyed or mutilated Debt Warrant Certificates.

         3.3 HOLDER OF DEBT WARRANTS MAY ENFORCE RIGHTS. Notwithstanding any of
the provisions of this Agreement, a Holder, without the consent of the Debt
Warrant Agent, the Trustee, the holder of any Underlying Debt Securities or the
Holder of any other Debt Warrant, may, on its own behalf and for its own
benefit, enforce, and may institute and maintain any suit, action or proceeding
against the Company to enforce, or otherwise in respect of, its right to
exercise its Debt Warrant or Debt Warrants in the manner provided in this
Agreement and its Debt Warrant Certificate.

                                       6
<PAGE>

                                   ARTICLE 4.

                     EXCHANGE AND TRANSFER OF DEBT WARRANTS

         4.1 [DEBT WARRANT REGISTER;] EXCHANGE AND TRANSFER OF DEBT WARRANTS.
[If registered Debt Warrants - The Debt Warrant Agent shall maintain, at its
corporate trust office [or at ________________], a register (the "Debt Warrant
Register") in which, upon the issuance of Debt Warrants, or on and after the
Detachable Date in the case of Debt Warrants not separately transferable prior
thereto, and, subject to such reasonable regulations as the Debt Warrant Agent
may prescribe, it shall register Debt Warrant Certificates and exchanges and
transfers thereof. The Debt Warrant Register shall be in written form or in any
other form capable of being converted into written form within a reasonable
time.]

         Except as provided in the following sentence, upon surrender at the
corporate trust office of the Debt Warrant Agent [or at __________________],
Debt Warrant Certificates may be exchanged for one or more other Debt Warrant
Certificates evidencing the same aggregate number of Debt Warrants of the same
title, or may be transferred in whole or in part. A Debt Warrant Certificate
evidencing Debt Warrants that are not then transferable separately from the
Offered Debt Security with which they were issued may be exchanged or
transferred prior to its Detachable Date only together with such Offered Debt
Security and only for the purpose of effecting, or in conjunction with, an
exchange or transfer of such Offered Debt Security; and on or prior to the
Detachable Date, [if registered Offered Debt Securities and Debt Warrants - each
exchange or transfer of such Offered Debt Security on the security register of
the Offered Debt Securities shall operate also to exchange or transfer the
related Debt Warrants] [if bearer Offered Debt Securities and Debt Warrants - an
exchange or transfer of possessions of the related Offered Debt Security shall
operate also to exchange or transfer the related Debt Warrants]. [If registered
Debt Warrants - A transfer shall be registered upon surrender of a Debt Warrant
Certificate to the Debt Warrant Agent at is corporate trust office [or at
____________] for transfer, properly endorsed or accompanied by appropriate
instruments of transfer and written instructions for transfer, all in form
satisfactory to the Company and the Debt Warrant Agent.] Whenever a Debt Warrant
Certificate is surrendered for exchange or transfer, the Debt Warrant Agent
shall countersign and deliver to the person or persons entitled thereto one or
more Debt Warrant Certificates duly executed by the Company, as so requested.
The Debt Warrant Agent shall not be required to effect any exchange or transfer
which will result in the issuance of a Debt Warrant Certificate evidencing a
fraction of a Debt Warrant. All Debt Warrant Certificates issued upon any
exchange or transfer of a Debt Warrant Certificate shall be the valid
obligations of the Company, evidencing the same obligations, and entitled to the
same benefits under this Agreement, as the Debt Warrant Certificate surrendered
for such exchange or transfer.

         No service charge shall be made for any exchange or transfer of Debt
Warrants, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any such
exchange or transfer, in accordance with Section 2.2(f) hereof.

                                       7
<PAGE>

         4.2 TREATMENT OF HOLDERS OF DEBT WARRANTS. Every Holder of a Debt
Warrant, by accepting the Debt Warrant Certificate evidencing the same, consents
and agrees with the Company, the Debt Warrant Agent and with every other Holder
of Debt Warrants of the same title that the Company and the Debt Warrant Agent
may treat the Holder of a Debt Warrant Certificate (or, if the Debt Warrant
Certificate is not then detachable, the Holder of the related Offered Debt
Security) as the absolute owner of such Debt Warrant for all purposes and as the
person entitled to exercise the rights represented by such Debt Warrant, any
notice to the contrry notwithstanding.

         4.3 CANCELLATION OF DEBT WARRANT CERTIFICATES. In the event that the
Company shall purchase, redeem or otherwise acquire any Debt Warrants after the
issuance thereof, the Debt Warrant Certificate or Certificates evidencing such
Debt Warrants shall thereupon be delivered to the Debt Warrant Agent and be
canceled by it. The Debt Warrant Agent shall also cancel any Debt Warrant
Certificate (including any mutilated Debt Warrant Certificate) delivered to it
for exercise, in whole or in part, or for exchange [or transfer] [if Debt
Warrant Certificates are issued in bearer form --, except that Debt Warrant
Certificates delivered to the Debt Warrant Agent in exchange for Debt Warrant
Certificates of other denominations may be retained by the Debt Warrant Agent
for reissue]. Debt Warrant Certificates so canceled shall be delivered by the
Debt Warrant Agent to the Company from time to time, or disposed of in
accordance with the instructions of the Company.

                                   ARTICLE 5.

                        CONCERNING THE DEBT WARRANT AGENT

         5.1 DEBT WARRANT AGENT. The Company hereby appoints _______________ as
Debt Warrant Agent of the Company in respect of the Debt Warrants and the Debt
Warrant Certificates upon the terms and subject to the conditions set forth
herein; and ______________ hereby accepts such appointment. The Debt Warrant
Agent shall have the powers and authority granted to and conferred upon it
hereby and such further powers and authority to act on behalf of the Company as
the Company may hereafter grant to or confer upon it. All of the terms and
provisions with respect to such powers and authority contained in any Debt
Warrant Certificate are subject to and governed by the terms and provisions
hereof.

         5.2 CONDITIONS OF DEBT WARRANT AGENT'S OBLIGATIONS. The Debt Warrant
Agent accepts its obligations set forth herein upon the terms and conditions
hereof, to all of which the Company agrees and to all of which the rights
hereunder of the Holders shall be subject:

              (a) COMPENSATION AND INDEMNIFICATION. The Company agrees to
promptly pay the Debt Warrant Agent the compensation to be set forth as an
exhibit hereto and to reimburse the Debt Warrant Agent for reasonable
out-of-pocket expenses (including counsel fees) incurred by the Debt Warrant
Agent in connection with the services rendered hereunder by the Debt Warrant
Agent. The Company also agrees to indemnify the Debt Warrant Agent for, and to
hold it harmless against, any loss, liability of expense (including the
reasonable costs and expenses of defending against any claim of liability)
incurred without negligence, bad faith or

                                       8
<PAGE>

willful misconduct on the part of the Debt Warrant Agent arising out of or in
connection with its appointment as Debt Warrant Agent hereunder.

              (b) AGENT FOR THE COMPANY. In acting under this Agreement and in
connection with any Debt Warrant Certificate, the Debt Warrant Agent is acting
solely as agent of the Company and does not assume any obligation or
relationship of agency or trust for or with any Holder.

              (c) COUNSEL. The Debt Warrant Agent may consult with counsel
satisfactory to it, and the advice of such counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted
by it hereunder in good faith and in accordance with the advice of such counsel.

              (d) DOCUMENTS. The Debt Warrant Agent shall be protected and shall
incur no liability for or in respect of any action taken, suffered or omitted by
it in reliance upon any notice, direction, consent, certificate, affidavit,
statement or other paper or document reasonably believed by it to be genuine and
to have been presented or signed by the proper parties.

              (e) OFFICER'S CERTIFICATE. Whenever in the performance of its
duties hereunder the Debt Warrant Agent shall reasonably deem it necessary that
any fact or matter be proved or established by the Company prior to taking,
suffering or omitting any action hereunder, the Debt Warrant Agent may (unless
other evidence in respect thereof be herein specifically prescribed), in the
absence of bad faith on its part, rely upon a certificate signed by the
Chairman, the President, a Vice President, the Treasurer, an Assistant
Treasurer, the Secretary or an Assistant Secretary of the Company (an "Officer's
Certificate") delivered by the Company to the Debt Warrant Agent.

              (f) ACTIONS THROUGH AGENTS. The Debt Warrant Agent may execute and
exercise any of the rights or powers hereby vested in it or perform any duty
hereunder either itself or by or through its attorneys or agents, and the Debt
Warrant Agent shall not be answerable or accountable for any act, default,
neglect or misconduct; provided, however, that reasonable care shall have been
exercised in the selection and continued employment of such attorneys and
agents.

              (g) CERTAIN TRANSACTIONS. The Debt Warrant Agent, and any officer,
director or employee thereof, may become the owner of, or acquire any interest
in, any Debt Warrant, with the same rights that he, she or it would have if it
were not the Debt Warrant Agent, and, to the extent permitted by applicable law,
he, she or it may engage or be interested in any financial or other transaction
with the Company and may serve on, or as depositary, trustee or agent for, any
committee or body of holders of Underlying Debt Securities or other obligations
of the Company as if it were not the Debt Warrant Agent. Nothing in this
Agreement shall be deemed to prevent the Debt Warrant Agent from acting as
Trustee under the Indenture.

              (h) NO LIABILITY FOR INTEREST. The Debt Warrant Agent shall not be
liable for interest on any monies at any time received by it pursuant to any of
the provisions of

                                       9
<PAGE>

this Agreement or of the Debt Warrant Certificates, except as otherwise agreed
with the Company.

              (i) NO LIABILITY FOR INVALIDITY. The Debt Warrant Agent shall
incur no liability with respect to the validity of this Agreement (except as to
the due execution hereof by the Debt Warrant Agent) or any Debt Warrant
Certificate (except as to the countersignature thereof by the Debt Warrant
Agent).

              (j) NO RESPONSIBILITY FOR COMPANY REPRESENTATIONS. The Debt
Warrant Agent shall not be responsible for any of the recitals or
representations contained herein (except as to such statements or recitals as
describe the Debt Warrant Agent or action taken or to be taken by it) or in any
Debt Warrant Certificate (except as to the Debt Warrant Agent's countersignature
on such Debt Warrant Certificate), all of which recitals and representations are
made solely by the Company.

              (k) NO IMPLIED OBLIGATIONS. The Debt Warrant Agent shall be
obligated to perform only such duties as are specifically set forth herein, and
no other duties or obligations shall be implied. The Debt Warrant Agent shall
not be under any obligation to take any action hereunder that may subject it to
any expense or liability, the payment of which within a reasonable time is not,
in its reasonable opinion, assured to it. The Debt Warrant Agent shall not be
accountable or under any duty of responsibility for the use by the Company of
any Debt Warrant Certificate countersigned by the Debt Warrant Agent and
delivered by it to the Company pursuant to this Agreement or for the application
by the Company of the proceeds of the issuance or exercise of Debt Warrants. The
Debt Warrant Agent shall have no duty or responsibility in case of any default
by the Company in the performance of its covenants or agreements contained
herein or in any Debt Warrant Certificate or in case of the receipt of any
written demand from a Holder with respect to such default, including, without
limiting the generality of the foregoing, any duty or responsibility to initiate
or attempt to initiate any proceedings at law or otherwise or, except as
provided in Section 6.4 hereof, to make any demand upon the Company.

              (l) COMPLIANCE WITH APPLICABLE LAWS. The Debt Warrant Agent agrees
to comply with all applicable federal and state laws imposing obligations on it
in respect of the services rendered by it under this Debt Warrant Agreement and
in connection with the Debt Warrants, including (but not limited to) the
provisions of United States federal income tax laws regarding information
reporting and backup withholding. The Debt Warrant Agent expressly assumes all
liability for its failure to comply with any such laws imposing obligations on
it, including (but not limited to) and liability for failure to comply with any
applicable provisions of United States federal income tax laws regarding
information reporting and backup withholding.

         5.3.  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

               (a) The Debt Warrant Agent may at any time resign as such by
giving written notice to the Company, specifying the date on which such
resignation shall become effective; provided that such date shall not be less
than 90 days after the date on which such notice is

                                       10
<PAGE>

given, unless the Company agrees to accept a shorter notice. The Debt Warrant
Agent may be removed at any time by the failure with it of an instrument in
writing signed on behalf of the Company and specifying such removal and the date
when it shall become effective. Notwithstanding the two preceding sentences,
such resignation or removal shall take effect only upon the appointment by the
Company, as hereinafter provided, of a successor Debt Warrant Agent (which shall
be a bank or trust Company organized and doing business under the laws of the
United States of America, any state thereof or the District of Columbia,
authorized under the laws of such jurisdiction to exercise corporate trust
powers and having at the time of its appointment as Debt Warrant Agent a
combined capital and surplus (as set forth in its most recent published report
of condition) of at least $50,000,000 and the acceptance of such appointment by
such successor Debt Warrant Agent.

               (b) In case at any time the Debt Warrant Agent shall resign, or
shall be removed, or shall become incapable of acting, or shall be adjudged
bankrupt or insolvent, or shall file a petition seeking relief under Title 11 of
the United States Code, as now constituted or hereafter amended, or under any
other applicable federal or state bankruptcy law or similar law, or make an
assignment for the benefit of its creditors, or consent to the appointment of a
receiver or custodian for all or any substantial part of its property, or shall
admit in writing its inability to pay or meet its debts as they mature, or if a
receiver or custodian for it or for all of any court shall be entered for relief
against it under the provisions of Title 11 of the United States Code, as now
constituted or hereafter amended, or if any public officer shall have taken
charge or control of the Debt Warrant Agent or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation, a successor Debt
Warrant Agent, qualified as aforesaid, shall be appointed by the Company by an
instrument in writing, filed with the successor Debt Warrant Agent. Upon the
appointment as aforesaid of a successor Debt Warrant Agent and acceptance by the
successor Debt Warrant Agent of such appointment, the Debt Warrant Agent so
superseded shall cease to be Debt Warrant Agent hereunder.

               (c) Any successor Debt Warrant Agent appointed hereunder shall
execute, acknowledge and deliver to its predecessor and to the Company and
instrument accepting such appointment hereunder, and thereupon such successor
Debt Warrant Agent, without any further act, deed or conveyance, shall become
vested with all the authority, rights, powers, trusts, immunities, duties and
obligations of such predecessor with like effect as if originally named as Debt
Warrant Agent hereunder, and such predecessor, upon payment of its charges and
disbursements then unpaid, shall thereupon become obligated to transfer, deliver
and pay over, and such successor Debt Warrant Agent shall be entitled to
receive, [the Debt Warrant Register and] all monies, securities and other
property on deposit with or held by such predecessor (together with any books
and records relating thereto), as Debt Warrant Agent hereunder.

               (d) The Company shall cause notice of the appointment of any
successor Debt Warrant Agent to be [if registered Debt Warrants - mailed by
first-class mail, postage prepaid, to each Holder at its address appearing on
the Debt Warrant Register or, in the case of Debt Warrants that are issued with
Offered Debt Securities and cannot then be transferred separately therefrom, on
the security register for the Offered Securities] [if bearer Debt Warrants -
published in an Authorized Newspaper (as defined in the Indenture) in The City
of New York [and in such other city or cities as may be specified by the
Company] at least twice within any

                                       11
<PAGE>

seven-day period]. Such notice shall set forth the name and address of the
successor Debt Warrant Agent. Failure to give any notice provided for in this
Section 5.3(d), or any defect therein, shall not, however, effect the legality
or validity of the appointment of the successor Debt Warrant Agent.

               (e) Any corporation into which the Debt Warrant Agent may be
merged or converted, or any corporation with which the Debt Warrant Agent may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Debt Warrant Agent shall be a party, or any
corporation to which the Debt Warrant Agent shall sell or otherwise transfer all
or substantially all of its assets and business, shall be the successor Debt
Warrant Agent under this Agreement without the execution or filing of any paper,
the giving of any notice to Holders or any further act on the part of the
parties hereto, provided that such corporation be qualified as aforesaid.

         5.4 OFFICE. The Company will maintain an office or agency where Debt
Warrant Certificates may be presented for exchange [, transfer] or exercise. The
office initially designated for this purpose shall be the corporate trust office
of the Debt Warrant Agent at _________________.

                                   ARTICLE 6.

                                  MISCELLANEOUS

         6.1 CONSOLIDATION OR MERGER OF THE COMPANY AND CONVEYANCE OR TRANSFER
PERMITTED SUBJECT TO CERTAIN CONDITIONS. To the extent permitted in the
Indenture, the Company may consolidate with or merge into another corporation or
other entity, or convey or transfer all or substantially all of its properties
and assets to any other corporation or other entity.

         6.2 RIGHTS AND DUTIES OF SUCCESSOR CORPORATION. In case of any such
consolidation, merger, conveyance or transfer and upon any assumption of the
duties and obligations of the Company by the successor corporation, such
successor corporation shall succeed to and be substituted for the Company, with
the same effect as if it had been named herein, and the Company shall be
relieved of any further obligation under this Agreement and the Debt Warrants.
Such successor corporation thereupon may cause to be signed, and may issue
either in its own name or in the name of the Company, any or all of the
Underlying Debt Securities issuable pursuant to the terms hereof. All the
Underlying Debt Securities so issued shall in all respects have the same legal
rank and benefit under the Indenture as the Underlying Debt Securities
theretofore issued in accordance with the terms of this Agreement and the
Indenture. In case of any such consolidation, merger, conveyance or transfer,
such changes in phraseology and form (but not in substance) may be made in the
Underlying Debt Securities thereafter to be issued as may be appropriate.

                                       12
<PAGE>

         6.3 SUPPLEMENTS AND AMENDMENTS.

               (a) The Company and the Debt Warrant Agent from time to time may
supplement or amend this Agreement without the approval of any Holder in order
to cure any ambiguity, to correct or supplement any provision contained herein
that may be defective or inconsistent with any other provision herein, or to
make any other provision in regard to matters of questions arising hereunder
that the Company and the Debt Warrant Agent may deem necessary or desirable and
that shall not adversely affect the interests of the Holders. Every Holder of
Debt Warrants, whether issued before or after any such supplement or amendment,
shall be bound thereby. Promptly after the effectiveness of any supplement or
amendment that affects the interests of the Holders, the Company shall give
notice thereof, as provided in Section 5.3(d) hereto, to the Holders affected
thereby, setting forth, in general terms, the substance of such supplement or
amendment.

               (b) The Company and the Debt Warrant Agent may modify or amend
this Agreement and the Debt Warrant Certificates with the consent of the Holders
of not fewer than a majority in number of the then outstanding unexercised Debt
Warrants affected by such modification or amendment, for any purpose; provided,
however, that no such modification or amendment that shortens the period of time
during which the Debt Warrants may be exercised, or otherwise materially and
adversely affects the exercise rights of the Holders or reduces the percentage
of Holders of outstanding Debt Warrants the consent of which is required for
modification or amendment of this Agreement or the Debt Warrants, may be without
the consent of each Holder affected thereby.

         6.4 NOTICES AND DEMANDS TO THE COMPANY AND DEBT WARRANT AGENT. If the
Debt Warrant Agent shall receive any notice or demand addressed to the Company
by a Holder pursuant to the provisions of this Agreement or a Debt Warrant
Certificate (other than notices relating to the exchange [,transfer] or exercise
of Debt Warrants), the Debt Warrant Agent shall promptly forward such notice or
demand to the Company.

         6.5 ADDRESSES FOR NOTICES. Any communications from the Company to the
Debt Warrant agent with respect to this Agreement shall be directed to
_____________, Attention: ________________, and any communications from the Debt
Warrant Agent to the Company with respect to this Agreement shall be directed to
The Goodyear Tire & Rubber Company, 1144 East Market Street, Akron, Ohio
44316-0001, Attention: Treasurer, with a copy to the Secretary (or such other
address as shall be specified in writing by the Debt Warrant Agent or by the
Company).

         6.6 GOVERNING LAW. This Agreement and the Debt Warrants shall be
governed by and construed in accordance with the laws of the State of New York
applicable to contracts made and to be performed entirely within such state.

         6.7 DELIVERY OF PROSPECTUS. The Company will furnish to the Debt
Warrant Agent sufficient copies of a prospectus or prospectuses relating to the
Underlying Debt Securities deliverable upon exercise of any outstanding Debt
Warrants (each a "Prospectus"),

                                       13
<PAGE>

and the Debt Warrant Agent agrees to deliver to the Holder of a Debt Warrant,
prior to or concurrently with the Deliver of the Underlying Debt Securities
issued upon the exercise thereof, a copy of the Prospectus relating to such
Underlying Debt Securities.

         6.8 GOVERNMENTAL APPROVALS. The Company will take such action as may be
necessary to obtain any keep effective any and all permits, consents and
approvals of governmental agencies and authorities, and will make all filings
under federal and state securities laws (including, without limitations, the
maintenance of the effectiveness of a registration statement in respect of the
Underlying Debt Securities under the Securities Act of 1933), as may be or
become requisite in connection with the issuance, sale, transfer and deliver of
Debt Warrants and Debt Warrant Certificates, the exercise of Debt Warrants and
the issuance, sale and delivery of Underlying Debt Securities issued upon
exercise of Debt Warrants.

         6.9 PERSONS HAVING RIGHTS UNDER DEBT WARRANT AGREEMENT. Nothing in this
Agreement, expressed or implied, and nothing that may be inferred from any of
the provisions hereof, is intended or shall be construed to confer upon or give
to any person or corporation other than the Company, the Debt Warrant Agent and
the Holders any right, remedy or claim under or by reason of this Agreement or
any covenant, condition, stipulation, promise or agreement herein; and all
covenants, conditions, stipulations, promises and agreements herein shall be for
the sole and exclusive benefit of the Company, the Debt Warrant Agent and their
respective successors and the Holders.

         6.10 HEADINGS. The descriptive headings of the several Articles and
Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

         6.11 COUNTERPARTS. This Agreement may be executed in one or more
counterparts and, when a counterpart has been executed and delivered by each
party hereto, all such counterparts taken together shall constitute one and the
same agreement.

         6.12 INSPECTION OF AGREEMENT. A copy of this Agreement shall be
available during business hours at the office of the Debt Warrant Agent for
inspection by any Holder. The Debt Warrant Agent may require such Holder to
submit its Debt Warrant Certificate for inspection prior to making such copy
available.

                                       14
<PAGE>

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

                                       THE GOODYEAR TIRE & RUBBER COMPANY

                                       By
                                         --------------------------------------

                                       ----------------------------------------
                                       [Printed Name and Title]
Attest:

Name:
     -------------------------

Title:
      ------------------------

                                       -----------------------------------------
                                       [Name of Debt Warrant Agent]

                                       By
                                         ---------------------------------------
                                         [Printed Name and Title]
Attest:

Name:
     -------------------------

Title:
      ------------------------

                                       15

<PAGE>
                                                                       EXHIBIT A

                       (Form of Debt Warrant Certificate)

                       VALID ONLY IF COUNTERSIGNED BY THE

                      DEBT WARRANT AGENT AS PROVIDED HEREIN

NO. W-___

                      DEBT WARRANT CERTIFICATE REPRESENTING
                                [ ]DEBT WARRANTS

                                       OF

                       THE GOODYEAR TIRE & RUBBER COMPANY
                               AS DESCRIBED HEREIN

                    VOID AFTER 5:00 P.M. (NEW YORK CITY TIME)
                   ON ______________, 20__ UNLES SUCH DATE IS
                           ACCELERATED BY THE COMPANY
                               AS PROVIDED HEREIN

         This certifies that (name of registered holder) is the owner of the
above indicted number of Debt Warrants ("Debt Warrants"), of The Goodyear Tire &
Rubber Company (the "Company"), a corporation duly organized and existing under
the laws of the State of Ohio, on the following basis: each Debt Warrant
evidenced hereby entitles the holder hereof to purchase from the Company [one]
[insert principal amount and title of Debt Securities that may be purchased]
(each a "Debt Security", collectively "Debt Securities"), exercisable as
hereinafter provided. The registered owner may exercise all or any part of the
Debt Warrants evidenced hereby by providing certain information set forth on the
back hereof and by paying in full, in lawful money of the United States of
America by certified check or bank wire transfer in immediately available funds,
the exercise price (the "Exercise Price") of [$______] [ ] for each Debt Warrant
exercised to the Warrant Agent (as hereinafter defined) and by surrendering this
Debt Warrant Certificate, with the form of election to purchase on the back
hereof properly completed and duly executed, at the principal corporate trust
office of [_______________] or its successor as Warrant Agent (the "Warrant
Agent") (on the date hereof at the address specified on the reverse hereof), and
upon compliance with and subject to the conditions set forth herein and in the
Debt Warrant Agreement (as hereinafter defined).

         This Debt Warrant Certificate may be exercised, in whole or in part, to
purchase the [Debt Security] [Debt Securities]. Upon any partial exercise of
this Debt Warrant Certificate there shall be issued to the holder hereof a new
Debt Warrant Certificate with respect to the number of Debt Warrants as to which
this Debt Warrant Certificate was not exercised.

                                      A-1
<PAGE>

         This Debt Warrant Certificate is issued under and in accordance with
the Debt Warrant Agreement dated as of [____________, 20___] (the "Debt Warrant
Agreement"), between the Company and the Warrant Agent and is subject to the
terms and provisions contained in the Debt Warrant Agreement, to all of which
terms and provisions the holder of this Debt Warrant Certificate consents by
acceptance hereof. Copies of the Debt Warrant Agreement are on file at the above
mentioned office of the Warrant Agent. The Debt Warrant Agreement is hereby
incorporated by reference and made a part of this instrument and is hereby
referred to for a description of the rights, limitation of rights, obligations,
duties and immunities thereunder of the Warrant Agent, the Company and the
holders of the Debt Warrants.

         No Debt Warrant may be exercised after the close of business on (i)
___________, 20__ or (ii) [ ] (such date of expiration, or such earlier date, is
hereafter referred to as the "Expiration Date"). After 5:00 p.m. (New York City
time) on the Expiration Date, the Debt Warrants will become in all respects
wholly void and of no value.

         The Exercise Price is subject to adjustment as set forth below:

                    [insert applicable adjustment provisions]

         In the event of an adjustment in Exercise Price, the Company shall mail
a notice to each registered holder of Debt Warrant Certificates of the
adjustment in Exercise Price.

                 [insert any applicable conditions to exercise]

         The Company, the Warrant Agent and any other person may deem and treat
the registered holder hereof as the absolute owner of this Debt Warrant
Certificate (notwithstanding any notation of ownership or other writing hereon),
for the purpose of the exercise hereof and for all other purposes, and neither
the Company nor the Warrant Agent nor any other person shall be affected by any
notice to the contrary.

         After countersignature by the Warrant Agent and prior to the expiration
of this Debt Warrant Certificate, this Debt Warrant Certificate may be
transferred or exchanged at the principal corporate trust office of the Warrant
Agent for Debt Warrant Certificates representing in the aggregate a like number
of Debt Warrants.

         This Debt Warrant Certificate shall not entitle the holder hereof to
any of the rights of a holder of the Debt Securit(y)(ies), including, without
limitation, the right to: (i) receive interest or other payments in respect of
the Debt Securit(y)(ies), (ii) exercise any conversion or exchange right or
other right or privilege in respect of the Debt Securit(y)(ies), or (iii)
enforce any rights of a holder of the Debt Securit(y)(ies), that may be acquired
upon the exercise of this Debt Warrant

                                      A-2
<PAGE>

Certificate. This Debt Warrant Certificate shall not be valid or obligatory for
any purpose until countersigned by the Warrant Agent.

         Dated as of ____________, 20__

                                            THE GOODYEAR TIRE & RUBBER COMPANY

                                            By:
                                               -------------------------------

                                            Title:
                                                  ----------------------------

(Corporate Seal)

Attest:

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

Title:
      ------------------------------

Countersigned:
         As Warrant Agent

By:
   ---------------------------------
      Authorized Signature

                                      A-3
<PAGE>

                  (Instructions for Exercise of Debt Warrants)

         To exercise the Debt Warrants represented hereby, the Debt Warrant
holder shall pay in full, by certified check or by bank wire transfer in
immediately available funds, the Exercise Price for the Debt Warrants exercised
to the Warrant Agent with instructions specifying the name and address of the
Debt Warrant holder. In addition, the Debt Warrant holder should complete the
information required below and mail this Debt Warrant Certificate by registered
mail or deliver this Debt Warrant Certificate by hand to the Debt Warrant Agent
at the address set forth below. This Debt Warrant Certificate, properly
completed and duly executed, must be received by the Warrant Agent before any
Debt Securit(y)(ies) subject hereto will be issued.

                                      A-4
<PAGE>

                         (Form of Election to Purchase)

                 (To be executed upon exercise of Debt Warrant)

         The undersigned hereby irrevocably elects to exercise the right,
represented by the within Debt Warrant Certificate, to purchase _____ [insert
principal amount [$ ] of [insert title of the Debt Security] (the "Debt
Securities") of The Goodyear Tire & Rubber Company and represents that the
undersigned has tendered payment for the Debt Securities by certified check or
by bank wire transfer in immediately available funds to the Debt Warrant Agent
in the amount of $________ in accordance with the terms hereof. The undersigned
requests that the certificates representing the Debt Securities be registered in
such names and delivered, all as specified in accordance with the instructions
set forth below.

         If said principal amount of Debt Securities is less than the aggregate
principal amount of Debt Securities purchasable hereunder, the undersigned
requests that a new Debt Warrant Certificate representing Debt Warrants for the
right to purchase the remaining balance of the Shares evidenced hereby be
registered, issued and delivered to the undersigned unless otherwise specified
in the instructions below.

Dated:
<TABLE>
<S>                                     <C>
                                           Name:
                                                -------------------------------------------

                                           Address:
--------------------------------------             ----------------------------------------
(Insert Social Security or Taxpayer
         Identification Number)
                                           ------------------------------------------------

                                           Signature
                                                    ---------------------------------------
                                                    (Must conform exactly to
                                                    Name of registered owner of the Debt
                                                    Warrant Certificate)
</TABLE>

This Debt Warrant may be exercised at the following address:

         By hand at
                    ------------------------------------------------------------

         By mail to
                   -------------------------------------------------------------

         Attention:
                   ----------------------------------------------------

              Instructions as to form and delivery of Shares and/or
          Debt Warrant Certificates (if other than as indicated above)
[Alternative instructions if Debt Securities are issued in the form of a global
                                   security]

                                      A-5
<PAGE>

                              (Form of Assignment)

                    (To be executed by the registered holder
                       in order to transfer Debt Warrants)

         For Value Received, the undersigned hereby sells, assigns and transfers
unto

------------------------------
(Please insert Social Security
or Taxpayer Identification
Number of Assignee)

--------------------------------------------------------------------------------
            (Please print or typewrite name and address of Assignee)

         Debt Warrants represented by this Debt Warrant Certificate, together
with all right, title and interest therein, and does hereby irrevocably
constitute and appoint ________________, Attorney-in-Fact, to transfer such Debt
Warrants on the books of The Goodyear Tire & Rubber Company, with full power and
substitution in the premises.

                              Name:
                                   ----------------------------------------
                                                (Please Print)

                              Address
                                     --------------------------------------

                              Signature
                                       ------------------------------------
                                                (Must conform exactly
                                                to name of registered
                                                        owner)

                                                (signature guarantee)

                                      A-6<PAGE>
                                                                     EXHIBIT 4.8

                             STOCK WARRANT AGREEMENT

                       DATED AS OF ________________, 20__

                                       FOR

                              WARRANTS TO PURCHASE

                 [UP TO _________________ SHARES OF COMMON STOCK

                  EXPIRING _____________, _________________ .]

                                     BETWEEN

                       THE GOODYEAR TIRE & RUBBER COMPANY

                                       AND

                                 [             ],

                                AS WARRANT AGENT

                 [ALTERNATIVES REPRESENTED BY BRACKETED OR BLANK
                     SECTIONS HEREIN SHALL BE DETERMINED IN
                    CONFORMITY WITH THE APPLICABLE PROSPECTUS
                           SUPPLEMENT OR SUPPLEMENTS]

<PAGE>

                             STOCK WARRANT AGREEMENT

         THIS STOCK WARRANT AGREEMENT, dated as of ________________, between THE
GOODYEAR TIRE & RUBBER COMPANY, a corporation duly organized and existing under
the laws of the State of Ohio (the "Company"), and __________________, a
__________ duly organized and existing under the laws of the State of
______________, as Warrant Agent (the "Warrant Agent").

                                   WITNESSETH

         WHEREAS, the Company proposes to issue warrant certificates evidencing
one or more stock warrants (the "Stock Warrants" or, individually a "Stock
Warrant") representing the right to purchase shares of the Company's Common
Stock, without par value (the "Common Stock"), which may be purchased upon the
exercise of Stock Warrants (being hereinafter referred to as the "Shares" and
such stock warrant certificates and other stock warrant certificates issued
pursuant to this Agreement being herein called the "Stock Warrant
Certificates"); and

         WHEREAS, the Company has duly authorized the execution and delivery of
this Stock Warrant Agreement to provide for the issuance of Stock Warrants to be
exercisable at such times and for such prices, and to have such other
provisions, as shall be fixed as hereinafter provided; and

         WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company in connection with the issuance, exchange, transfer, exercise and
replacement of the Stock Warrant Certificates, and in this Agreement wishes to
set forth, among other things, the form and provisions of the Stock Warrant
Certificates and the terms and conditions on which they may be issued,
exchanged, transferred, exercised and replaced;

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

                                    ARTICLE 1

                  ISSUANCE OF STOCK WARRANTS AND EXECUTION AND
                     DELIVERY OF STOCK WARRANT CERTIFICATES

         SECTION 1.1. ISSUANCE OF STOCK WARRANTS. Stock Purchase Warrants may be
issued from time to time, together with or separately from shares of Common
Stock [or other securities issued by the Company]. Prior to the issuance of any
Stock Warrants, there shall be established [by a certificate signed by] [by
resolutions adopted by][the Board of Directors of the Company] [a special
committee of the Board of Directors of the Company], (the "Board Action") [The
following matters, to the extent applicable to the Stock Warrants, shall be
addressed in the Board Actions:

         (a) the title and aggregate number of such Stock Warrants; and

         (b) the offering price of such Stock Warrants; and

                                       1
<PAGE>

         (c) the number of shares of Common Stock that may be purchased upon the
exercise of such Stock Warrants; and

         (d) the price, at which the shares of Common Stock may be purchased
upon the exercise of the Stock Warrants ("Warrant Exercise Price"); and

         (e) the currency or currencies, including currency units, in which the
Warrant Exercise Price may be payable; and

         (f) the time or times at which, or period or periods during which, such
Stock Warrants may be exercised and the final date on which such Stock Warrants
may be exercised (the "Expiration Date"); and

         (g) the terms of any right to redeem such Stock Warrants; and

         (h) whether such Stock Warrants are to be issued with any shares of
Common Stock or other securities issued by the Company and, if so, the number of
such shares of Common Stock, the numbers or amount of other securities to be
issued by the Company ("offered securities"), and the number of Stock Warrants
to be issued with each share of Common Stock or units or amount of other
securities; and

         (i) the date, if any, after which the Stock Warrants and the related
shares of Common Stock or other offered securities, if any, will be separately
transferable (the "Detachment Date"); and

         (j) the terms of any right of the Company to accelerate the Stock
Warrants upon the occurrence of certain events; and

         (k) any other terms of such Stock Warrants (not inconsistent with the
provisions of this Agreement).]

         Stock Warrants shall be designated as set forth in the Stock Warrant
Certificate therefor. Each Stock Warrant Certificate shall evidence one or more
Stock Warrants. Each Stock Warrant evidenced thereby shall represent the right,
subject to the provisions contained herein and therein, to purchase one Share of
Common Stock.

         SECTION 1.2. EXECUTION OF STOCK WARRANT CERTIFICATES. (a) Each Stock
Warrant Certificate, whenever issued, shall be in registered form substantially
in the form set forth in Exhibit A hereto, appropriately completed, and shall be
dated as of the date of issuance thereof and may have such letters, numbers or
other marks of identification or designation and such legends or endorsements
printed, lithographed or engraved thereon as the officers of the Company
executing the same may approve (execution thereof to be conclusive evidence of
such approval) and as are not inconsistent with the provisions of this
Agreement, or as may be required to comply with any law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any stock
exchange on which the Stock Warrant Certificates may be listed.

                                       2
<PAGE>

         (b) The Stock Warrant Certificates shall be signed in the name of and
on behalf of the Company by the Chairman of the Board, any President, any Vice
Chairman of the Board, any Executive Vice President, any Senior Vice President
or by the Treasurer of the Company and under the corporate seal of the Company
attested by the Secretary or any Assistant Secretary of the Company. Such
signatures may be manual or facsimile signatures of the present or any future
such authorized officers and may be imprinted or otherwise reproduced on the
Stock Warrant Certificates. The seal of the Company may be in the form of a
facsimile thereof and may be impressed, affixed, imprinted or otherwise
reproduced on the Stock Warrant Certificates.

         (c) No Stock Warrant Certificate shall be valid or exercisable until it
has been countersigned by the manual or facsimile signature of the Warrant
Agent. Such signature of the Warrant Agent upon any Stock Warrant Certificate
issued by the Company shall be conclusive evidence that the Stock Warrant
Certificate so countersigned has been duly delivered hereunder.

         (d) In the event that at any time the name of the Warrant Agent shall
be changed (including by operation of Section 10.3(e)) and at such time any of
the Stock Warrant Certificates shall have been countersigned but not delivered,
the Warrant Agent may adopt the countersignature under its prior name; and in
the event that at that time any of the Stock Warrant Certificates shall not have
been countersigned, the Warrant Agent may countersign such Stock Warrant
Certificates either in its prior name or in its changed name and in all such
events such Stock Warrant Certificates shall have full force and effect as
provided in the Stock Warrant Certificates in this Agreement.

         (e) If any authorized officer of the Company who shall have signed any
of the Stock Warrant Certificates either manually or by facsimile signature
shall cease to be such officer before the Stock Warrant Certificate so signed
shall have been countersigned and delivered by the Warrant Agent, such Stock
Warrant Certificates nevertheless may be countersigned and delivered as though
the person who signed such Stock Warrant Certificates had not ceased to be an
authorized officer of the Company; and any Stock Warrant Certificate may be
signed on behalf of the Company by such persons as shall be, at the actual date
of the execution of such Stock Warrant Certificate, authorized officers of the
Company, although at the date of the execution of this Agreement any such person
was not such officer.

         SECTION 1.3. ISSUANCE OF STOCK WARRANT CERTIFICATES. Stock Warrant
Certificates relating to Stock Warrants to purchase Shares (except as provided
in Section 3.2) may be executed by the Company and delivered to the Warrant
Agent upon the execution of this Stock Warrant Agreement or from time to time
thereafter. The Warrant Agent shall, upon receipt of Stock Warrant Certificates
duly executed on behalf of the Company, countersign Stock Warrant Certificates
evidencing Stock Warrants representing the right to purchase Shares of Common
Stock and shall deliver such Stock Warrant Certificates to or upon the order of
the Company. Subsequent to such original issuance of the Stock Warrant
Certificates, the Warrant Agent shall countersign a Stock Warrant Certificate
only if the Stock Warrant Certificate is issued upon registration of transfer of
in exchange or substitution for one or more of the previously countersigned
Stock Warrant Certificates, as hereinafter provided. The Stock Warrant

                                       3
<PAGE>

Certificates may be issued in as a global security when duly executed and
countersigned as provided in Section 1.2.

         SECTION 1.4. TEMPORARY STOCK WARRANT CERTIFICATE. Pending the
preparation of definitive Stock Warrant Certificates, the Company may execute
and the Warrant Agent shall countersign and deliver temporary Stock Warrant
Certificates (printed, lithographed, typewritten or otherwise reproduced, in
each case, in form satisfactory to the Warrant Agent). Temporary Stock Warrant
Certificates shall be issuable substantially in the form of the definitive Stock
Warrant Certificates but with such omissions, insertions and variations as may
be appropriate for temporary Stock Warrant Certificates, all as may be
determined by the Company with the concurrence of the Warrant Agent. Temporary
Stock Warrant Certificates may contain such reference to any provision of this
Stock Warrant Agreement as may be appropriate. Every temporary Warrant
Certificate shall be executed by the Company and shall be countersigned by the
Warrant Agent upon the same conditions and in substantially the same manner, and
with like effect, as the definitive Stock Warrant Certificates. Without
unreasonable delay, the Company shall execute and shall furnish definitive Stock
Warrant Certificates and thereupon temporary Stock Warrant Certificates may be
surrendered in exchange therefor without charge pursuant to Section 1.5, and the
Warrant Agent shall countersign and deliver in exchange for such temporary Stock
Warrant Certificates such definitive Stock Warrant Certificates representing in
the aggregate a like number of Stock Warrants as will entitle the holder to
receive (upon exercise of such definitive Stock Warrant Certificates) Shares in
a number equal to that which such holder would have been entitled upon exercise
of the temporary Stock Warrant Certificates so surrendered. Until so exchanged,
the temporary Stock Warrant Certificates shall be entitled to the same benefits
under this Stock Warrant Agreement as definitive Stock Warrant Certificates.

         SECTION 1.5. REGISTRATION OF TRANSFER AND EXCHANGE. (a) The Company
shall keep at the office of the Warrant Agent specified in Section 2.3 a
register or registers in which, subject to such regulations as it may prescribe,
it shall register, and shall register the transfer of, Stock Warrant
Certificates as provided in this Section. Such register shall be in written form
in the English language or in any other form capable of being converted into
such form within a reasonable time.

         (b) Upon due presentation for registration of transfer of any Stock
Warrant Certificates at the office of the Warrant Agent specified in Section
2.3, the Company shall execute and the Warrant Agent shall countersign and
deliver in the name of the transferee or transferees a new Stock Warrant
Certificate or Stock Warrant Certificates of the same tenor and for a like
number of Stock Warrants.

         (c) Any Stock Warrant Certificates may be exchanged for Stock Warrant
Certificates representing a like number of Stock Warrants. A Stock Warrant
Certificate or Stock Warrant Certificates to be exchanged shall be surrendered
at the office of the Warrant Agent specified in Section 2.3, and the Company
shall execute and the Warrant Agent shall countersign and deliver in exchange
therefor the Stock Warrant Certificate or Stock Warrant Certificates which the
holder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding.

                                       4
<PAGE>

         (d) The Company, the Warrant Agent and any other person may deem and
treat the registered holder thereof as the absolute owner of any Stock Warrant
Certificate (notwithstanding any notation of ownership or other writing
thereon), for the purpose of the exercise thereof and for all other purposes,
and neither the Company nor the Warrant Agent nor any other person shall be
affected by any notice to the contrary.

         (e) All Stock Warrant Certificates presented for registration of
transfer or exchange, or on exercise, shall (if so required by the Company or
the Warrant Agent) be duly endorsed by, or be accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company and
the Warrant Agent, duly executed by the holder or his attorney duly authorized
in writing.

         (f) The Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
exchange or registration of transfer of Stock Warrant Certificates. No service
charge shall be made for any such transaction.

         (g) All Stock Warrant Certificates issued upon any registration of
transfer or exchange of Stock Warrant Certificates shall be valid obligations of
the Company, evidencing the same rights, and entitled to the same benefits under
this Stock Warrant Agreement, as the Stock Warrant Certificates surrendered upon
such registration or transfer of exchange.

         SECTION 1.6. DEFINITION OF HOLDER. The terms "holder" or "Warrant
holder" or other similar term means the person or persons in whose name or names
such Stock Warrant Certificate shall then be registered as set forth in the
Stock Warrant Register to be maintained by the Stock Warrant Agent pursuant to
Section 1.5 for that purpose or, in the case of Stock Warrants that are issued
with shares of Common Stock and cannot then be transferred separately therefrom,
[if registered Stock Warrants are issued with shares of Common Stock that are
not then detachable - the person or persons in whose name or names the related
shares of Common Stock shall be registered as set forth in the security
registered for such shares of Common Stock, prior to the Detachment Date.] [If
Registered Stock Warrants and Common Stock are issued that are detachable - the
Company will, or will cause the security register of the Common Stock to, make
available to the Stock Warrant Agent at all times (including after the
Detachment Date, in the case of Stock Warrants originally issued with the Common
Stock and not subsequently transferred separately therefrom] such information as
to holders of Common Stock with Stock Warrants as may be necessary to keep the
Warrant Register up to date.

                                    ARTICLE 2

                     STOCK WARRANT EXERCISE PRICE, DURATION
                          AND EXERCISE OF STOCK WARRANT

         SECTION 2.1. STOCK WARRANT EXERCISE PRICE. Each Stock Warrant entitles
the holder of the Stock Warrant Certificates therefor to purchase from the
Company one fully paid and nonassessable Share at an initial exercise price (the
"Exercise Price") [of $__________, payable as hereinafter provided]. The Stock
Warrants shall be exercisable from [_______, __ to _______, ___] [during the
period or periods] [specified in the Board Action] [in the Stock Warrant
Certificates evidencing such Stock Warrant].

                                       5
<PAGE>

         SECTION 2.2. DURATION OF STOCK WARRANTS. The Stock Warrants expire (i)
at 5:00 p.m. (New York City time), on ______________, 20__ or (ii) such earlier
date as shall be provided in the Stock Warrants (such date of expiration being
herein referred to as the "Expiration Date"). Each Stock Warrant not exercised
at or before 5:00 p.m. (New York City time) on the Expiration Date shall become
void, and all rights of the holder under the Stock Warrant Certificate
evidencing such Warrant and under this Agreement shall thereupon cease.

         SECTION 2.3. EXERCISE OF STOCK WARRANTS. (a) During the period
specified in, or determined in accordance with, Section 2.2, any whole number of
Stock Warrants, if the Stock Warrant Certificate evidencing the same shall have
been countersigned by the Warrant Agent, may be exercised by providing certain
information set forth on the reverse side of the Stock Warrant Certificate and
by paying in full, in lawful money of the United States of America by certified
check or by bank wire transfer in immediately available funds, the Exercise
Price for each Stock Warrant exercised, to the Warrant Agent at its principal
corporate trust office, at ____________; provided that such exercise is subject
to receipt by the Warrant Agent of the Stock Warrant Certificate with the form
of election to purchase Securities set forth on the reverse side of the Stock
Warrant Certificate properly completed and duly executed. The date on which
payment in full of the Exercise Price is received by the Warrant Agent shall,
subject to receipt of the Stock Warrant Certificate as aforesaid, be deemed to
be the date on which the Stock Warrant is exercised. The Warrant Agent shall
immediately deposit all funds received by it in payment of this Exercise Price
in the account of the Company maintained with it for such purpose and shall
advise the Company immediately by telephone of the receipt and amount of such
funds for the exercise of Stock Warrants. The Warrant Agent shall promptly
confirm such telephone advice to the Company in writing.

         No fractional Shares of Common Stock will be issued upon any surrender
of Stock Warrant Certificates.

         (b) The Warrant Agent shall, from time to time, as promptly as
practicable, advise the Company of (i) the number of Stock Warrants exercised in
accordance with the terms and conditions of this Agreement and the Stock Warrant
Certificates, (ii) the instructions of each holder of the Stock Warrant
Certificates evidencing such Stock Warrants with respect to delivery of the
Securities to which such holder is entitled upon such exercise and delivery of
Stock Warrant Certificates evidencing the balance, if any, of the Stock Warrants
remaining after such exercise, and (iii) such other information as the Company
shall reasonably request. Such advice may be given by telephone, promptly
confirmed in writing.

         (c) As soon as practicable after the exercise of any Stock Warrant or
Stock Warrants, the Company shall issue and deliver to or upon the order of the
holder of the Stock Warrant Certificate evidencing such Stock Warrant or Stock
Warrants, the Shares of Common Stock, fully-paid and nonassessable, to which
such holder is entitled, in such name or names as may be directed by such
holder, and, if fewer than all the Stock Warrants evidenced by such Stock
Warrant Certificate were exercised, a new Stock Warrant Certificate for the
number of Stock Warrants remaining unexercised, but in no event will any
fractional Share of Common Stock be

                                       6
<PAGE>

issued with regard to such Stock Warrant Certificate. No adjustments will be
made for any cash dividends on Shares of Common Stock issuable upon the exercise
of a Stock Warrant.

         SECTION 2.4. PAYMENT OF TAXES. The Company will pay all stamp and other
taxes, if any, to which, under the Laws of the United States of America, this
Agreement or the original issuance of the Stock Warrant Certificates may be
subject. The Company shall not be required to pay any stamp or other tax or
other governmental charge required to be paid in connection with any transfer,
exchange or reissue involved in the issue of the Stock Warrant Certificates or
the Shares of Common Stock; and, if any such transfer, exchange or reissue is
involved, the Company shall not be required to issue or deliver any Stock
Warrant Certificates until such tax or other charge shall have been paid or it
has been established to the Company's satisfaction that no such tax or other
charge is due.

                                    ARTICLE 3

                 OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS
                          OF STOCK WARRANT CERTICIATES

         SECTION 3.1. NO RIGHTS AS HOLDER OF SHARES OF COMMON STOCK CONFERRED BY
STOCK WARRANTS OR STOCK WARRANT CERTIFICATES. No Stock Warrant Certificate or
Stock Warrant shall entitled the holder thereof to any of the rights of a holder
of the Shares, including, without limitation, voting, dividend or liquidation
rights.

         SECTION 3.2. LOST, STOLEN, DESTROYED OR MUTILATED STOCK WARRANT
CERTIFICATES. Upon receipt by the Company and the Warrant Agent of evidence
reasonably satisfactory to them of the ownership of and the loss, theft,
destruction or mutilation of any Stock Warrant Certificate and of indemnity
reasonably satisfactory to them and, in the case of mutilation, upon surrender
thereof to the Warrant Agent for cancellation, then, in the absence of notice to
the Company or the Warrant Agent that ownership of such Stock Warrant
Certificate has been acquired by a bona fide purchaser for value, the Company
shall execute, and an authorized officer of the Warrant Agent shall manually
countersign and deliver, in exchange for or in lieu of the lost, stolen,
destroyed or mutilated Stock Warrant Certificate, a substitute Stock Warrant
Certificate of the same tenor and for a like number of Stock Warrants. Upon the
receipt by the Warrant Agent of a sum sufficient to cover any tax or other
governmental change that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Warrant Agent) in connection
therewith, such substitute Stock Warrant Certificate will be delivered. Every
substitute Stock Warrant Certificate executed and delivered pursuant to this
Section in lieu of any lost, stolen or destroyed Stock Warrant Certificate shall
constitute an additional contractual obligation of the Company, whether or not
the lost, stolen or destroyed Stock Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Stock Warrant Certificates
fully executed and delivered hereunder. The provisions of this Section 3.1 are
exclusive with respect to the replacement of lost, stolen, destroyed or
mutilated Stock Warrant Certificates and shall preclude (to the extent permitted
by law) any and all other rights or remedies notwithstanding any law or statute
existing or hereafter enacted to the contrary with respect to the replacement of
lost, stolen, destroyed or mutilated securities.

                                       7
<PAGE>

         SECTION 3.3. HOLDER OF STOCK WARRANT CERTIFICATE MAY ENFORCE RIGHTS.
Notwithstanding any of the provisions of this Agreement, any holder of any Stock
Warrant Certificate, without the consent of the Warrant Agent, the holder of any
Share or Shares of Common Stock [or any other offered security] or the holder of
any other Stock Warrant Certificate or the holder of any other security issued
by the Company, may in and for such holder's own behalf, enforce, and may
institute and maintain any suit, action or proceeding against the Company to
enforce, or otherwise in respect of the right to exercise the Stock Warrant or
Stock Warrants evidenced by the Stock Warrant Certificate in the manner provided
in such holder's Stock Warrant Certificate and in this Agreement.

         SECTION 3.4. MERGER, CONSOLIDATION, SALE, TRANSFER OR CONVEYANCE. (a)
In case any of the following shall occur while any Stock Warrants are
outstanding: (i) any reclassification or change of the outstanding shares of
Common Stock; or (ii) any consolidation or merger to which the Company is party
(other than a consolidation or a merger in which the Company is the continuing
corporation and which does not result in any reclassification of, or change in,
the outstanding shares of Common Stock issuable upon exercise of the Stock
Warrants); or (iii) any sale, conveyance or lease to another corporation of the
property of the Company as an entirety or substantially as an entirety, then the
Company, or such successor or purchasing corporation, as the case may be, shall
make appropriate provision by amendment of this Agreement or otherwise so that
the holders of the Stock Warrants then outstanding shall have the right at any
time thereafter, upon exercise of such Stock Warrants, to purchase the kind and
amount of shares of stock and other securities and property receivable upon such
a reclassification, change, consolidation, merger, sale, conveyance or lease, as
would be received by a holder of the number of Shares of Common Stock issuable
upon exercise of such Stock Warrant immediately prior to such reclassification,
change, consolidation, merger, sale, conveyance or lease, and, in the case of a
consolidation, merger, sale, conveyance or lease, the Company shall thereupon be
relieved of any further obligation hereunder or under the Stock Warrants, and
the Company as the predecessor corporation may thereupon or at any time
thereafter be dissolved, wound up or liquidated. Such successor or assuming
corporation thereupon may cause to be signed, and may issue either in its own
name or in the name of the Company, any or all of the Stock Warrants issuable
hereunder which theretofore shall not have been signed by the Company, and may
execute and deliver shares of its [common stock] [equity securities] in its own
name, in fulfillment of its obligations to deliver Common Stock upon exercise of
the Stock Warrants. All Stock Warrants so issued shall in all respects have the
same legal rank and benefit under this Agreement as the Stock Warrants
theretofore or thereafter issued in accordance with the terms of this Agreement
as though all of such Stock Warrants had been issued at the date of the
execution hereof. In any case of any such reclassification, change,
consolidation, merger, conveyance, transfer or lease, such changes in
phraseology and form (but not in substance) may be made in the Stock Warrants
thereafter to be issued as may be appropriate.

         (b) The Stock Warrant Agent may receive a written opinion of legal
counsel as conclusive evidence that any such merger, consolidation, sale,
transfer, conveyance or other disposition of substantially all of the assets of
the Company complies with the provisions of this Section 3.4.

                                       8
<PAGE>

         3.5. TREATMENT OF HOLDERS OF STOCK WARRANT CERTIFICATES. (a) In the
event that the Stock Warrants are offered together with, and, prior to the
Detachment Date, are not detachable from, offered securities, the Company, the
Stock Warrant Agent, and all other persons may, prior to such Detachment Date,
treat the holder of the offered security as the holder of the Stock Warrant
Certificates initially attached thereto for any purpose and as the person
entitled to exercise the rights represented by the Stock Warrants evidenced by
such Stock Warrant Certificates, any notice to the contrary notwithstanding.
After the Detachment Date and prior to due presentment of any Stock Warrant
Certificate for registration or transfer, the Company and the Stock Warrant
Agent may treat the registered holder of a Stock Warrant Certificate as the
absolute holder thereof for any purpose and as the person entitled to exercise
the rights presented by the Stock Warrants evidenced thereby, any notice to the
contrary notwithstanding.

         (b) In all other cases, the Company and the Stock Warrant Agent may
treat the registered holder of a Stock Warrant Certificate as the absolute
holder thereof for any purpose and as the person entitled to exercise the rights
represented by the Stock Warrants evidenced thereby, any notice to the contrary
notwithstanding.

                                    ARTICLE 4

                                  CANCELLATION

         SECTION 4.1. CANCELLATION OF STOCK WARRANT CERTIFICATES. Any Stock
Warrant Certificate surrendered for exchange or exercise of the Stock Warrants
evidenced thereby shall, if surrendered to the Company, shall be delivered to
the Warrant Agent and all Stock Warrant Certificates surrendered or so delivered
to the Warrant Agent shall be promptly cancelled by the Warrant Agent and shall
not be reissued and, except as expressly permitted by this Agreement, no Stock
Warrant Certificate shall be issued hereunder in lieu thereof. The Warrant Agent
shall from time to time destroy the cancelled Stock Warrant Certificates and
furnish to the Company a certificate evidencing such destruction.

                                    ARTICLE 5

                              RESERVATION OF SHARES

         SECTION 5.1. RESERVATION OF SHARES FOR ISSUANCE UPON EXERCISE OF
WARRANTS. For the purpose of enabling it to satisfy any obligation to issue
Shares of Common Stock upon the exercise of Stock Warrants, the Company shall at
all times through 5:00 p.m. (New York City time) on the Expiration Date,
reserve, and keep available and free from preemptive rights, out of its
authorized but unissued capital stock, the number of Shares deliverable upon the
exercise of all outstanding Stock Warrants, and the transfer agent(s) for such
Shares of Common Stock are hereby irrevocably authorized and directed at all
times to reserve such number of authorized and unissued Shares as may be
required for such purpose. The Company shall deposit a copy of this Agreement
with the transfer agent for the Common Stock. The Warrant Agent is hereby
irrevocably authorized to requisition from time to time from such transfer
agents stock certificates issuable upon exercise of outstanding Stock Warrants,
and the Company shall supply such transfer agent with duly executed stock
certificates for such purpose.

                                       9
<PAGE>

         Before taking any action which would cause an adjustment pursuant to
Article 6, the Company shall take any corporate action which may, in the opinion
of its counsel (which may be counsel employed by the Company), be necessary in
order that the Company may validly and legally issue fully-paid and
nonassessable Shares of Common Stock at the Exercise Price as so adjusted.

         The Company covenants that all Shares issued upon exercise of the Stock
Warrants will, upon issuance in accordance with the terms of this Agreement, be
fully-paid and nonassessable and free from all preemptive rights and taxes,
liens, charges and security interests created by the Company with respect to the
issuance and holding thereof.

                                    ARTICLE 6

                                   ADJUSTMENT

         SECTION 6.1. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES
PURCHASABLE OR NUMBER OF STOCK WARRANTS. The Exercise Price, the number of
shares purchasable upon the exercise of each Stock Warrant and the number of
Stock Warrants outstanding may be subject to adjustment from time to time as set
forth in the [Stock Warrants and] [Stock Warrant Certificates].

                                    ARTICLE 7

                      OPTIONAL REDUCTION OF EXERCISE PRICE

         SECTION 7.1. OPTIONAL REDUCTION OF EXERCISE PRICE. The Company may, at
any time or from time to time, voluntarily reduce the then current Exercise
Price by an amount for such period or periods of time as the Board of Directors
of the Company may determine. In each such event, the Company shall prepare a
certificate of an officer of the Company stating (i) the election of the Company
to reduce the then current Exercise Price in accordance with this Article, (ii)
the period in which such reduced Exercise Price will be in effect and (iii) that
such election is irrevocable during such period. The Company shall mail a brief
summary of the provisions of such certificate at least 15 days prior to the date
fixed for the commencement of any period in which the reduced Exercise Price
will be in effect to the Warrant Agent at the address provided in Section 11.3
hereof and to each registered holder of Stock Warrant Certificates at such Stock
Warrant holder's address appearing on the Stock Warrant register. Failure on the
part of the holders of Stock Warrant Certificates to receive such notice by
mail, or any defect therein, will not affect the validity of the reduction of
the then current Exercise Price during such period. During such period, any
adjustment in the Exercise Price pursuant to Article 6 hereof will be made to
the reduced Exercise Price as provided by this Article in the manner specified
in Article 6. After the termination of such period, the Exercise Price shall be
such Exercise Price which would have been in effect, as adjusted pursuant to
provisions of Article 6, had there been no reduction in the Exercise Price
pursuant to the provisions of this Article. No reduction of the then current
Exercise Price pursuant to the provisions of this Article will be deemed, for
the purposes of Article 6 hereof, to alter or adjust the Exercise Price.

                                       10
<PAGE>

                                    ARTICLE 8

                 FRACTIONAL STOCK WARRANTS AND FRACTIONAL SHARES

         SECTION 8.1. FRACTIONAL STOCK WARRANTS. The Company shall not be
required to issue fractions of Stock Warrants on any distribution of Stock
Warrants to holders of Stock Warrant Certificates or to distribute Stock Warrant
Certificates which evidence fractional Stock Warrants. In lieu of such
fractional Stock Warrants, the registered holder of a Stock Warrant Certificate
with regard to which such a fractional Stock Warrant would otherwise be issuable
shall receive an amount in cash equal to the same fraction of the "current
market price", as defined in the Stock Warrants, of a whole Stock Warrant.

         SECTION 8.2. FRACTIONAL SHARES. Notwithstanding an adjustment in the
number of Shares purchasable upon the exercise of a Stock Warrant, the Company
shall not be required to issue fractions of Shares upon exercise of the Stock
Warrants or to distribute certificates which evidence fractional Shares. The
registered holders of Stock Warrant Certificates at the time such Stock Warrants
are exercised as herein provided may elect (i) to receive an amount in cash
equal to the same fraction of the "current market price", as defined in the
Stock Warrants, of a whole Share or (ii) to have the cash payment credited
against the Exercise Price of Shares to be received upon exercise of whole Stock
Warrants. Such election shall be made on the form provided for such purpose by
the Company.

                                    ARTICLE 9

                         NOTICE TO STOCK WARRANT HOLDERS

         SECTION 9.1. NOTICES TO STOCK WARRANT HOLDERS. Upon adjustment of the
Exercise Price pursuant to Article 6, the Company within 20 calendar days
thereafter shall (i) cause to be filed with the Stock Warrant Agent a
certificate of a firm of independent public accountants of recognized standing
selected by the Company (who may be the regular auditors of the Company) setting
forth the Exercise Price after such adjustment, setting forth in reasonable
detail the method of calculation and the facts upon which such calculations are
based, and setting forth the number of Shares purchasable upon exercise of a
Stock Warrant after such adjustment in the Exercise Price, which certificate is
conclusive evidence of the correctness of the matters set forth therein and (ii)
cause to be given to each of the registered holders of the Stock Warrant
Certificates, at such Stock Warrant holder's address appearing on the Stock
Warrant register, written notice of such adjustments by first-class mail,
postage prepaid. Where appropriate, such notice may be given in advance and
included as a part of the notice required to be mailed under the other
provisions of this Article.

         If:

         1. The Company authorizes the issuance to all holders of Common Stock
of rights or warrants to subscribe for or purchase stock of the Company or of
any other subscription rights or warrants; or

                                       11
<PAGE>

         2. The Company authorizes the distribution to all holders of Common
Stock of evidences of its indebtedness or assets (excluding such dividends or
distributions as to not, under the terms of the Stock Warrants, give rise to an
adjustment of the Exercise Price); or

         3. There is any consolidation, share exchange or merger to which the
Company is a party and for which approval of any shareholders of the Company is
required, or of the conveyance or transfer of substantially all of the
properties and assets of the Company, or of any capital reorganization or any
reclassification of the Common Stock (other than a change in par value, or from
any par value to no par value, or from no par value to a par value, or as a
result of a subdivision or combination); or

         4. There is a voluntary or involuntary dissolution, liquidation or
winding up of the Company; or

         5. The Company proposes to take any other action which would require an
adjustment of the Exercise Price pursuant to Article 6;

then Company shall file with the Warrant Agent and give to the registered holder
of a Stock Warrant Certificate at such Stock Warrant holder's address appearing
on the Stock Warrant register, at least 20 calendar days (unless a shorter
period is set forth in the Stock Warrants) prior to the applicable record date
hereinafter specified in (i) or (ii) below, by first-class mail, postage
prepaid, a written notice stating (i) the date as of which the holders of record
of shares of Common Stock to be entitled to receive any such rights, warrants or
distribution are to be determined or (ii) the date on which any such
consolidation, merger, share, exchange, conveyance, transfer, reorganization,
reclassification, dissolution, liquidation or winding up is expected to become
effective, and the date as of which it is expected that holders of record of
shares of Common Stock shall be entitled to exchange such shares for securities
or other property, if any, deliverable upon such consolidation, share exchange,
merger, conveyance, transfer, reorganization, reclassification, dissolution,
liquidation or winding up. Failure to give the notice required by this Article
or any defect therein will not affect the legality or validity of any
distribution, right, warrant, consolidation, share exchange, merger, conveyance,
transfer, reorganization, reclassification, dissolution, liquidation or winding
up or the vote upon any action.

         Nothing in this Agreement or in any Stock Warrant Certificate may be
construed as conferring upon the holder thereof the right to (i) vote or consent
in respect of, or to receive notice as a shareholder in respect of, meetings of
shareholders, the election of directors of the Company or any other matter, or
(ii) assert or exercise any rights whatsoever as a shareholder of the Company.

                                   ARTICLE 10

                          CONCERNING THE WARRANT AGENT

         SECTION 10.1. WARRANT AGENT. The Company hereby appoints
_______________ as Warrant Agent of the Company in respect of the Stock Warrants
and the Stock Warrant Certificates upon the terms and subject to the conditions
set forth herein and in the Stock

                                       12
<PAGE>

Warrant Certificates. ____________ hereby accepts such appointment. The Warrant
Agent shall have the powers and authority granted to and conferred upon it in
the Stock Warrant Certificates and hereby and such further powers and authority
to act on behalf of the Company as the Company may hereafter grant to or confer
upon it. All the terms and provisions with respect to such powers and authority
contained in the Stock Warrant Certificates are subject to and governed by the
terms and provisions of this Agreement.

         SECTION 10.2. CONDITIONS OF WARRANT AGENT'S OBLIGATIONS. The Warrant
Agent accepts its obligations herein set forth upon the terms and conditions
hereof, including the following, to all of which the Company agrees and to all
of which the holders from time to time of the Stock Warrant Certificates shall
be subject:

         (a) Compensation and Indemnification. The Company agrees promptly to
pay the Warrant Agent the compensation to be agreed upon with the Company for
all services rendered by the Warrant Agent and to reimburse the Warrant Agent
for reasonable out-of-pocket expenses (including reasonable counsel fees)
incurred by the Warrant Agent. The Company also agrees to indemnify the Warrant
Agent for, and to hold it harmless against, any loss, liability or expense
incurred without negligence, bad faith or willful misconduct on the part of the
Warrant Agent, arising out of or in connection with its acting as such Warrant
Agent hereunder as well as the reasonable costs and expenses of defending
against any claim of liability in the premises.

         (b) Agent for the Company. In acting under this Stock Warrant Agreement
and in connection with the Stock Warrant Certificates, the Warrant Agent is
acting solely as agent of the Company and does not assume any obligation or
relationship of agency or trust for or with any of the owners or holders of the
Stock Warrant Certificates.

         (c) Documents. The Warrant Agent shall be protected and shall incur no
liability for or in respect of any action taken or suffered by it in reliance
upon any Stock Warrant Certificate, notice, direction, consent, certificate,
affidavit, statement or other paper or document reasonably believed by it to be
genuine and to have been presented or signed by the proper parties.

         (d) Certain Transactions. The Warrant Agent, and its officers,
directors and employees, may become the owner of, or acquire any interest in,
any Stock Warrant Certificates, with the same rights that it or they would have
if it were not the Warrant Agent hereunder, and, to the extent permitted by
applicable law, it or they may engage or be interested in any financial or other
transaction with the Company and may act on, or as depository, trustee or agent
for, any committee or body of holders of securities or other obligations of the
Company as freely as if it were not the Warrant Agent hereunder.

         (e) No Liability for Invalidity. The Warrant Agent shall not incur any
liability with respect to the validity of this Agreement or any of the Stock
Warrant Certificates.

         (f) No Responsibility for Representations. The Warrant Agent shall not
be responsible for any of the recitals or representations herein or in the Stock
Warrant Certificates contained (except as to the Warrant Agent's
countersignature thereon), all of which are made solely by the Company.

                                       13
<PAGE>

         (g) No Implied Obligations. The Warrant Agent shall be obligated to
perform only such duties as are herein and in the Stock Warrant Certificates
specifically set forth. No implied duties or obligations shall be read into this
Agreement or the Warrant Certificates against the Warrant Agent. The Warrant
Agent shall not be under any obligation to take any action hereunder which may
tend to involve it in any expense or liability, the payment of which within a
reasonable time is not, in its reasonable opinion, assured to it. The Warrant
Agent shall not be accountable or under any duty or responsibility for the use
by the Company of any of the Stock Warrant Certificates countersigned by the
Warrant Agent and delivered by it to the Company pursuant to this Agreement or
for the application by the Company of the proceeds of sale of the Stock Warrant
Certificates or the proceeds received upon exercise of the Stock Warrant
Certificates. The Warrant Agent shall have no duty or responsibility in case of
any default by the Company in the performance of its covenants or agreements
contained in the Stock Warrant Certificates. The Warrant Agent shall have no
duty or responsibility in the case of the receipt of any written demand from a
holder of a Stock Warrant Certificate with respect to any actual or alleged
default by the Company under the Stock Warrant Certificates, including without
limiting the generality of the foregoing, any duty or responsibility to initiate
or attempt to initiate any proceedings at law or otherwise or, except as
provided in Section 11.2, to make any demand upon the Company.

         SECTION 10.3. RESIGNATION AND APPOINTMENT OF SUCCESSOR. (a) The Company
agrees, for the benefit of the holders from time to time of the Stock Warrant
Certificates, that there shall at all times be a Warrant Agent hereunder until
all the Stock Warrant Certificates are no longer exercisable.

         (b) The Warrant Agent may at any time resign as such agent by giving
written notice to the Company of such intention on its part, specifying the date
on which its desired resignation shall become effective, provided that such date
shall not be less than three months after the date on which such notice is
given, unless the Company agrees in writing to accept less notice. The Warrant
Agent hereunder may be removed at any time by the filing with it of an
instrument in writing signed by or on behalf of the Company and specifying such
removal and the date when it shall become effective. Such resignation or removal
shall take effect upon the appointment by the Company, as hereinafter provided,
of a successor Warrant Agent (which shall be a bank or trust Company organized
under the laws of the United States or any state thereof and authorized under
the laws of the jurisdiction of its organization to exercise corporate trust
powers) and the acceptance of such appointment by such successor Warrant Agent.
The obligations of the Company under Section 10.2(a) shall continue to the
extent set forth therein notwithstanding the resignation or removal of the
Warrant Agent.

         (c) In the event that at any time the Warrant Agent shall resign, or
shall be removed, or shall become incapable of acting, or shall be adjudged a
bankrupt or insolvent, or a receiver or liquidator of the Warrant Agent or of
its property shall be appointed, or any public officer shall take charge or
control of the Warrant Agent or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, a successor Warrant Agent,
qualified as aforesaid, shall be appointed by the Company by an instrument in
writing, filed with the successor Warrant Agent. Upon the appointment as
aforesaid of a successor Warrant Agent and acceptance by the

                                       14
<PAGE>

latter of such appointment, the Warrant Agent so superceded shall cease to be
Warrant Agent hereunder.

         (d) Any successor Warrant Agent appointed hereunder shall execute,
acknowledge and deliver to its predecessor and to the Company an instrument
accepting such appointment hereunder, and thereupon such successor Warrant
Agent, without any further act, deed or conveyance, shall become vested with all
the authority, rights, powers, immunities, duties and obligations of such
predecessor with like effect as if originally named as Warrant Agent hereunder,
and such predecessor, upon payment of its charges and disbursements then unpaid,
shall thereupon become obligated to transfer, deliver and pay over, and such
successor Warrant Agent shall be entitled to receive, all monies, securities and
other property on deposit with or held by such predecessor as Warrant Agent
hereunder.

         (e) Any corporation into which the Warrant Agent hereunder may be
merged or converted or any corporation with which the Warrant Agent may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Warrant Agent shall be party, or any corporation to
which the Warrant Agent shall sell or otherwise transfer all or substantially
all the corporate trust business of the Warrant Agent, provided that it shall be
qualified as aforesaid, shall be the successor Warrant Agent under this
Agreement without the execution or filing of any paper or any further act on the
part of any of the parties hereto.

                                   ARTICLE 11

                                  MISCELLANEOUS

         SECTION 11.1. AMENDMENT. This Agreement may be amended or supplemented
by the parties hereto, without the consent of the holder of any Stock Warrant
Certificate, for the purpose of curing any ambiguity, or of curing, correcting
or supplementing any defective provision contained herein, or in regard to
matters or questions arising under this Agreement as the Company and the Warrant
Agent may deem necessary or desirable.

         SECTION 11.2. NOTICES AND DEMANDS TO THE COMPANY AND WARRANT AGENT. If
the Warrant Agent shall receive any notice or demand addressed to the Company by
the holder of a Stock Warrant Certificate pursuant to the provisions of the
Stock Warrant Certificates, the Warrant Agent shall promptly forward such notice
or demand to the Company.

         SECTION 11.3. ADDRESSES. Any communications from the Company to the
Warrant Agent with respect to this Agreement shall be addressed to the [ ] of
the Warrant Agent which office, at the date hereof, is located at
_______________, Attention: _____________, and any communications from the
Warrant Agent to the Company with respect to this Agreement, shall be addressed
to The Goodyear Tire & Rubber Company, 1144 East Market Street, Akron, Ohio
44316-0001, Attention: Treasurer; (or to such other address as shall be
specified in writing by the Warrant Agent or by the Company, respectively).

         SECTION 11.4. NEW YORK LAW TO GOVERN. This Agreement and each Stock
Warrant Certificate shall be deemed to be a contract under the laws of the State
of New York, and for all

                                       15
<PAGE>

purposes shall be construed in accordance with the laws of such State, except as
may otherwise be required by mandatory provisions of law.

         SECTION 11.5. DELIVERY OF PROSPECTUS. To the extent required by law,
the Company will furnish to the Warrant Agent sufficient copies of a prospectus
and any necessary prospectus supplement relating to the Stock Warrants (and the
Stock Warrant Certificates) and Shares of Common Stock deliverable upon exercise
of Stock Warrant Certificates (collectively the "Prospectus") and the Warrant
Agent agrees that upon the exercise of any Stock Warrant Certificate by the
holder thereof, the Warrant Agent will deliver to such holder, prior to or
concurrently with the delivery of the Warrant Stock Certificates and with the
delivery of the Shares issued upon such exercise, a Prospectus.

         SECTION 11.6. OBTAINING GOVERNMENTAL APPROVALS; STOCK EXCHANGE
LISTINGS; REGISTRATION OF SHARES. The Company will from time to time take all
action which may be necessary (i) to obtain and keep effective any and all
permits, consents and approvals of governmental agencies and authorities and
securities acts filings under United States federal and state laws, which may be
or become requisite in connection with the exercise of the Stock Warrants, the
issuance, sale, transfer and delivery of the Shares issued upon exercise of the
Stock Warrants or upon the expiration of the period during which the Stock
Warrants are exercisable; provided, however, if any such permits, consents,
approvals or documents are not so obtained or effective, the Company shall
immediately notify the Warrant Agent; (ii) immediately upon the issuance of
Warrants to purchase shares of Common Stock, to have such shares of Common Stock
listed on the New York Stock Exchange and/or on the other United States
securities exchange or exchanges on which the Common Stock is listed; and (iii)
immediately upon any adjustment in the number of shares purchasable upon
exercise of Warrants to purchase Common Stock, take such action, if any, as may
be necessary to register such Shares of Common Stock with the Securities and
Exchange Commission under the Securities Act of 1933, as amended.

         SECTION 11.7. PERSONS HAVING RIGHTS UNDER STOCK WARRANT AGREEMENT.
Nothing in this Agreement expressed or implied and nothing that may be inferred
from any of the provisions hereof is intended, or shall be construed, to confer
upon, or give to, any person or corporation other than the Company, the Warrant
Agent and the holders of the Stock Warrant Certificates any right, remedy or
claim under or by reason of this Agreement or of any covenant, condition,
stipulation, promise or agreement hereof, and all covenants, conditions,
stipulations, promises and agreements contained in this Agreement shall be for
the sole and exclusive benefit of the Company and the Warrant Agent and their
successors and holders of the Stock Warrant Certificates.

         SECTION 11.8. HEADINGS. The descriptive headings of the several
Articles and Sections of this Agreement are inserted for convenience only and
shall not control or affect the meaning or construction of any of the provisions
hereof.

         SECTION 11.9. COUNTERPARTS. This Agreement may be executed in any
number of counterparts, each of which so executed shall be deemed to be
original; but such counterparts shall together constitute but one and the same
instrument.

                                       16
<PAGE>

         SECTION 11.10. INSPECTION OF AGREEMENT. A copy of this Agreement shall
be available at all reasonable times at the principal corporate trust office of
the Warrant Agent, for inspection by the holder of any Stock Warrant
Certificate.

         IN WITNESS WHEREOF, this Agreement has been duly executed by the
parties hereto as of the day and year first above written.

                             THE GOODYEAR TIRE & RUBBER COMPANY

                             By:
                                -----------------------------------------------
                             Title:
                                   --------------------------------------------
(Corporate Seal)

Attest:

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

Title:
      -----------------------

                                      [Warrant Agent]

                                      By:
                                         --------------------------------------

                                      Title:
                                            -----------------------------------

[Corporate Seal]

Attest:

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

Title:
      -----------------------

                                       17
<PAGE>

                                                                       EXHIBIT A

                       (Form of Stock Warrant Certificate)

                       VALID ONLY IF COUNTERSIGNED BY THE
                     STOCK WARRANT AGENT AS PROVIDED HEREIN

NO. W-___

                     STOCK WARRANT CERTIFICATE REPRESENTING
                                 STOCK WARRANTS
                                       OF
                       THE GOODYEAR TIRE & RUBBER COMPANY
                               AS DESCRIBED HEREIN

                    VOID AFTER 5:00 P.M. (NEW YORK CITY TIME)
                   ON ______________, 20__ UNLES SUCH DATE IS
                           ACCELERATED BY THE COMPANY
                               AS PROVIDED HEREIN

         This certifies that (name of registered holder) is the owner of the
above indicted number of Stock Warrants ("Stock Warrants"), of The Goodyear Tire
& Rubber Company (the "Company"), a corporation duly organized and existing
under the laws of the State of Ohio, on the following basis: each Stock Warrant
evidenced hereby entitles the holder hereof to purchase from the Company [one]
fully-paid and nonassessable share of common stock, without par value, of the
Company (a "Share") payable as hereinafter provided. The registered owner may
exercise all or any part of the Stock Warrants evidenced hereby by providing
certain information set forth on the back hereof and by paying in full, in
lawful money of the United States of America by certified check or bank wire
transfer in immediately available funds, the exercise price (the "Exercise
Price") of [$______] for each Stock Warrant exercised to the Warrant Agent (as
hereinafter defined) and by surrendering this Stock Warrant Certificate, with
the form of election to purchase on the back hereof properly completed and duly
executed, at the principal corporate trust office of [_______________] or its
successor as Warrant Agent (the "Warrant Agent") (on the date hereof at the
address specified on the reverse hereof), and upon compliance with and subject
to the conditions set forth herein and in the Stock Warrant Agreement (as
hereinafter defined).

         This Stock Warrant Certificate may be exercised, in whole or in part,
to purchase the Shares of Common Stock. Upon any partial exercise of this Stock
Warrant Certificate there shall be issued to the holder hereof a new Stock
Warrant Certificate with respect to the number of Stock Warrants as to which
this Stock Warrant Certificate was not exercised. No adjustments shall be made
for any cash dividends on any Shares of Common Stock issuable upon exercise of
this Stock Warrant.

                                       A-1

<PAGE>

         This Stock Warrant Certificate is issued under and in accordance with
the Stock Warrant Agreement dated as of [____________, 20___] (the "Stock
Warrant Agreement"), between the Company and the Warrant Agent and is subject to
the terms and provisions contained in the Stock Warrant Agreement, to all of
which terms and provisions the holder of this Stock Warrant Certificate consents
by acceptance hereof. Copies of the Stock Warrant Agreement are on file at the
above mentioned office of the Warrant Agent. The Stock Warrant Agreement is
hereby incorporated by reference and made a part of this instrument and is
hereby referred to for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Warrant Agent, the Company
and the holders of the Stock Warrants.

         No Stock Warrant may be exercised after the close of business on (i)
___________, 20__ or (ii) [ ] (such date of expiration, or such earlier date, is
hereafter referred to as the "Expiration Date"). After 5:00 p.m. (New York City
time) on the Expiration Date, the Stock Warrants will become in all respects
wholly void and of no value.

         The Exercise Price is subject to adjustment as set forth below:

                    [insert applicable adjustment provisions]

         If the Exercise Price is adjusted, at the election of the Company,
either (i) the number of Shares of Common Stock purchasable upon the exercise of
each Stock Warrant shall be adjusted or (ii) each outstanding Stock Warrant
shall be adjusted to become a different number of Stock Warrants. In the latter
event, the Company shall cause to be distributed to registered holders of Stock
Warrant Certificates either Stock Warrant Certificates representing the
additional Stock Warrants issuable pursuant to the adjustment or substitute
Stock Warrant Certificates to replace all outstanding Stock Warrant
Certificates.

         In the event of an adjustment in Exercise Price, the Company shall mail
a notice to each registered holder of Stock Warrant Certificates of the
adjustment in Exercise Price.

         The Company shall not be required to issue fractional Stock Warrants or
fractional Shares of Common Stock upon the exercise of Stock Warrants or any
certificates which evidence fractional Stock Warrants or fractional Shares of
Common Stock. In lieu of such fractional Stock Warrants, the registered holder
of a Stock Warrant Certificate with regard to which a fractional Stock Warrant
would otherwise be issuable shall receive an amount in cash equal to the same
fraction of the current market price (as defined below) of a whole Stock
Warrant. In lieu of such fractional Shares, the registered holders of the Stock
Warrant Certificates with regard to which such fractional Shares would otherwise
be issuable may elect, at the time of the exercise of the Stock Warrants, (i) to
receive an amount in cash equal to the same fraction of the current market price
(as defined below) of a full Share of Common Stock or (ii) to credit such cash
payment against the Exercise Price of Shares to be received upon exercise of
whole Stock Warrants. As used herein, "current market price" means [       ].

         The Company, the Warrant Agent and any other person may deem and treat
the registered holder hereof as the absolute owner of this Stock Warrant
Certificate (notwithstanding any notation of ownership or other writing hereon),
for the purpose of the exercise hereof and for

                                       A-2

<PAGE>

all other purposes, and neither the Company nor the Warrant Agent nor any other
person shall be affected by any notice to the contrary.

         After countersignature by the Warrant Agent and prior to the expiration
of this Stock Warrant Certificate, this Stock Warrant Certificate may be
transferred or exchanged at the principal corporate trust office of the Warrant
Agent for Stock Warrant Certificates representing in the aggregate a like number
of Stock Warrants.

         This Stock Warrant Certificate shall not entitle the holder hereof to
any of the rights of a holder of the Common Stock, including, without
limitation, the right to receive any dividends or other distributions on or to
vote the Shares of Common Stock, or to enforce any rights of a holder of the
Shares of Common Stock, that may be acquired upon the exercise of this Stock
Warrant Certificate. This Stock Warrant Certificate shall not be valid or
obligatory for any purpose until countersigned by the Warrant Agent.

         Dated as of ____________, 20__

                                  THE GOODYEAR TIRE & RUBBER COMPANY

                                  By:
                                     ------------------------------------------

                                  Title:
                                       ----------------------------------------

(Corporate Seal)

Attest:

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

Title:
      -------------------------

Countersigned:
         As Warrant Agent

By:
   ----------------------------
      Authorized Signature

                                       A-3

<PAGE>

                  (Instructions for Exercise of Stock Warrants)

         To exercise the Stock Warrants represented hereby, the Stock Warrant
holder shall pay in full, by certified check or by bank wire transfer in
immediately available funds, the Exercise Price for the Stock Warrants exercised
to the Warrant Agent with instructions specifying the name and address of the
Stock Warrant holder. In addition, the Stock Warrant holder should complete the
information required below and mail this Stock Warrant Certificate by registered
mail or deliver this Stock Warrant Certificate by hand to the Stock Warrant
Agent at the address set forth below. This Stock Warrant Certificate, properly
completed and duly executed, must be received by the Warrant Agent before any
Shares of Common Stock subject hereto will be issued.

                                       A-4

<PAGE>

                         (Form of Election to Purchase)

                 (To be executed upon exercise of Stock Warrant)

         The undersigned hereby irrevocably elects to exercise the right,
represented by the within Stock Warrant Certificate, to purchase _____ Shares of
the Common Stock, without par value, (the "Shares") of The Goodyear Tire &
Rubber Company and represents that the undersigned has tendered payment for the
Shares by certified check or by bank wire transfer in immediately available
funds to the Stock Warrant Agent in the amount of $________ in accordance with
the terms hereof. The undersigned requests that the certificates representing
the Shares be registered in such names and delivered, all as specified in
accordance with the instructions set forth below.

         If said number of Shares is less than all the Shares purchasable
hereunder, the undersigned requests that a new Stock Warrant Certificate
representing Stock Warrants for the right to purchase the remaining balance of
the Shares evidenced hereby be registered, issued and delivered to the
undersigned unless otherwise specified in the instructions below.

Dated:

                                        Name:
                                             -----------------------------------

                                        Address:
-----------------------------------             --------------------------------
(Insert Social Security or Taxpayer
         Identification Number)
                                        ----------------------------------------

                                        Signature
                                                 -------------------------------
                                                 (Must conform exactly to
                                                 Name of registered owner of
                                                 the Stock Warrant Certificate)

This Stock Warrant may be exercised at the following address:

         By hand at
                    -----------------------------------------------

         By mail to
                   ------------------------------------------------

         Attention:
                   ----------------------------------

            Instructions as to form and delivery of Shares and/or
        Stock Warrant Certificates (if other than as indicated above)

                                       A-5

<PAGE>

                              (Form of Assignment)

                    (To be executed by the registered holder
                      in order to transfer Stock Warrants)

  For Value Received, the undersigned hereby sells, assigns and transfers unto

------------------------------
(Please insert Social Security
or Taxpayer Identification
Number of Assignee)

_______________________________________________________________________________
            (Please print or typewrite name and address of Assignee)

         Stock Warrants represented by this Stock Warrant Certificate, together
with all right, title and interest therein, and does hereby irrevocably
constitute and appoint ________________, Attorney-in-Fact, to transfer such
Stock Warrants on the books of the Issuer, with full power and substitution in
the premises.

                                   Name:
                                        ---------------------------------------
                                                     (Please Print)

                                   Address
                                          -------------------------------------

                                   Signature
                                            -----------------------------------
                                                     (Must conform exactly
                                                     to name of registered
                                                             owner)

                                                     (signature guarantee)

                                       A-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]