Document:

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                                                                   Exhibit 10.44

                           COOPERATIVE COMPUTING, INC.

                                  $157,000,000
                          10 1/2% Senior Notes due 2011

                               PURCHASE AGREEMENT

                                                                   June 13, 2003

J.P. MORGAN SECURITIES INC.
270 Park Avenue, 5th floor
New York, New York  10017

Ladies and Gentlemen:

        Cooperative Computing, Inc., a Delaware corporation (the "Company"),
proposes, subject to the terms and conditions stated herein, to issue and sell
$157,000,000 aggregate principal amount of the Company's 10 1/2% Senior Notes
due 2011 (the "Notes") (the "Offering"). The Notes will be issued pursuant to an
indenture dated June 27, 2003 (the "Indenture") between the Company, the
Guarantors named therein and Wells Fargo Bank Minnesota, N.A., as trustee (the
"Trustee"). The Notes will be guaranteed on an unsecured senior basis (the
"Guarantees," and together with the Notes, the "Securities") by each of the
Company's direct and indirect subsidiaries identified on Schedule I hereto (the
"Guarantors," and together with the Company, the "Issuers"). The Issuers hereby
confirm their agreement with J.P. Morgan Securities Inc. (the "Initial
Purchaser") concerning the purchase of the Securities from the Issuers by the
Initial Purchaser.

        The Securities will be offered and sold to the Initial Purchaser without
being registered under the Securities Act of 1933, as amended (the "Securities
Act"), in reliance upon exemptions therefrom. The Company has prepared a
preliminary offering memorandum dated May 29, 2003 (the "Preliminary Offering
Memorandum") and will prepare a final offering memorandum dated the date hereof
(the "Final Offering Memorandum") setting forth information concerning the
Company and the Securities. Copies of the Preliminary Offering Memorandum have
been, and copies of the Final Offering Memorandum will be, delivered by the
Issuers to the Initial Purchaser pursuant to the terms of this Agreement. Any
references herein to the Preliminary Offering Memorandum and the Final Offering
Memorandum shall be deemed to include all amendments and supplements thereto and
any documents incorporated by reference therein, unless otherwise noted. The
Issuers hereby confirm that they have

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authorized the use of the Preliminary Offering Memorandum and the Final Offering
Memorandum in connection with the offering and resale of the Securities by the
Initial Purchaser in accordance with Section 2.

        Holders of the Notes (including the Initial Purchaser and its direct and
indirect transferees) will be entitled to the benefits of an Exchange and
Registration Rights Agreement substantially in the form attached hereto as Annex
A (the "Registration Rights Agreement"), pursuant to which the Company and the
Guarantors will agree to file with the Securities and Exchange Commission (the
"Commission") (i) a registration statement under the Securities Act (the
"Exchange Offer Registration Statement") registering an issue of senior notes of
the Company and guarantees of the Guarantors (together, the "Exchange
Securities") which are identical in all material respects to the Notes and the
Guarantees, respectively (except that the Exchange Securities will not contain
terms with respect to transfer restrictions), and (ii) under certain
circumstances, a shelf registration statement pursuant to Rule 415 under the
Securities Act (the "Shelf Registration Statement").

        Concurrently with the Offering, the Company intends to:

        (i)     purchase any and all of its 9% senior subordinated notes due
2008 (the "Tender Offer") and to solicit consents from the holders of its 9%
senior subordinated notes to amend the indenture (the "Old Indenture") governing
such notes (the "Consent Solicitation"), pursuant to which the Company and J.P.
Morgan Securities, Inc. have entered into that certain dealer manager agreement
(the "Dealer Manager Agreement") dated May 30, 2003;

        (ii)    repay all amounts due under its existing credit facility
("Existing Facility Repayment");

        (iii)   amend and restate its current credit facility to provide for
borrowings of up to $15.0 million (the "Credit Facility");

        (iv)    distribute up to $30.0 million to its direct parent, Cooperative
Computing Holding Company, Inc. ("Holding"), to enter into an agreement (the
"Staats Repurchase and Release Agreement") to purchase all of the outstanding
shares of common stock of Holding owned by, and to settle certain litigation and
enter into certain other agreements with, Glenn E. Staats and Preston W. Staats,
Jr. (the "Staats Repurchase and Release"); and

        (v)     purchase all of the issued and outstanding membership interests
of HM Coop, LLC, which owns 1,750,000 shares of common stock of Internet
Autoparts, Inc., pursuant to a stock purchase agreement (the "IAP Purchase
Agreement") for aggregate consideration of $1.82 million (the "IAP Purchase";
together with the Tender Offer and Consent Solicitation, the Existing Facility
Repayment, the Credit Facility, the Staats Repurchase and Release and the IAP
Purchase, the "Transactions").

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        Capitalized terms used but not defined herein shall have the meanings
given to such terms in the Final Offering Memorandum.

        1.      Representations, Warranties and Agreements of the Issuers. The
Issuers represent and warrant, jointly and severally, to, and agree with, the
Initial Purchaser on the date hereof and the Closing Date that:

                (a)     The Preliminary Offering Memorandum, as of its date did
        not, and the Final Offering Memorandum, as of its date and as of the
        Closing Date (as defined in Section 3), did not (or will not) contain
        any untrue statement of a material fact or omit to state a material fact
        necessary in order to make the statements therein, in the light of the
        circumstances under which they were made, not misleading; provided,
        however, that the Issuers make no representation or warranty as to
        information contained in or omitted from the Preliminary Offering
        Memorandum or the Final Offering Memorandum in reliance upon and in
        conformity with written information furnished to the Issuers by or on
        behalf of the Initial Purchaser relating to the Initial Purchaser
        specifically for use therein (the "Initial Purchaser's Information").
        The parties hereto acknowledge and agree that, for all purposes of this
        Agreement, the Initial Purchaser's Information consists solely of the
        statements relating to the Initial Purchaser in the third paragraph,
        fifth and sixth sentence of the eighth paragraph, and tenth paragraph
        under the heading "Plan of distribution" in the Final Offering
        Memorandum.

                (b)     The Preliminary Offering Memorandum as of its date
        contained, and the Final Offering Memorandum, as of its date and as of
        the Closing Date, contained and will contain all of the information
        that, if requested by a prospective purchaser of the Securities, would
        be required to be provided to such prospective purchaser pursuant to
        Rule 144A(d)(4) under the Securities Act.

                (c)     Assuming the accuracy of the representations and
        warranties of the Initial Purchaser contained in Section 2 and its
        compliance with the agreements set forth herein, it is not necessary, in
        connection with the issuance and sale of the Securities to the Initial
        Purchaser and the offer, resale and delivery of the Securities by the
        Initial Purchaser in the manner contemplated by this Agreement and the
        Final Offering Memorandum, to register the Securities under the
        Securities Act or to qualify the Indenture under the Trust Indenture Act
        of 1939, as amended (the "Trust Indenture Act").

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                (d)     The Issuers and each of their respective subsidiaries
        have been duly incorporated and are validly existing as organizations in
        good standing under the laws of their respective jurisdictions of
        organization, are duly qualified to do business and are in good standing
        as foreign corporations in each jurisdiction in which their respective
        ownership or lease of property or the conduct of their respective
        businesses requires such qualification, and have all power and authority
        necessary to own or hold their respective properties and to conduct the
        businesses in which they are engaged, except where the failure to so
        qualify or have such power or authority would not, singularly or in the
        aggregate, have a material adverse effect on the condition (financial or
        otherwise), results of operations, business or prospects of the Issuers
        and their respective subsidiaries taken as a whole (a "Material Adverse
        Effect").

                (e)     The authorized capital stock of the Company consists of
        1,000 shares of common stock, par value $.01 per share, and is owned by
        Holding. All of the outstanding shares of capital stock of each
        subsidiary of the Company have been duly and validly authorized and
        issued, are fully paid and non-assessable and are owned directly or
        indirectly by the Issuers, free and clear of any lien, charge,
        encumbrance, security interest, restriction upon voting or transfer or
        any other claim of any third party (other than liens and security
        interests created pursuant to the Credit Facility and the related
        guarantees and security documents) or any document or agreements
        contemplated thereby, the Indenture or applicable law.

                (f)     The Issuers have all requisite corporate power and
        authority to execute and deliver, to the extent each is a party thereto,
        this Agreement, the Indenture, the Registration Rights Agreement, the
        Credit Facility, the Dealer Manager Agreement, the Staats Repurchase and
        Release Agreement, the IAP Purchase Agreement, the Supplemental
        Indenture (as defined below), the Securities and the Exchange Securities
        (collectively, the "Transaction Documents") and to perform their
        obligations hereunder and thereunder.

                (g)     This Agreement has been duly authorized, executed and
        delivered by the Issuers.

                (h)     The Registration Rights Agreement has been duly
        authorized by the Issuers, to the extent each is a party thereto, and,
        when duly executed and delivered in accordance with its terms by each of
        the parties thereto, will constitute a valid and legally binding
        agreement of the Issuers, enforceable against the Issuers in accordance
        with its terms,

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        except (i) to the extent that such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium and other
        similar laws affecting creditors' rights generally and by general
        equitable principles (whether considered in a proceeding in equity or at
        law) and (ii) to the extent that the enforceability of rights to
        indemnification and contribution thereunder may be limited by federal or
        state securities laws or regulations or the public policy underlying
        such laws or regulations.

                (i)     The Indenture has been duly authorized by the Issuers,
        to the extent each is a party thereto, and, when duly executed and
        delivered in accordance with its terms by each of the parties thereto,
        will constitute a valid and legally binding agreement of the Issuers
        enforceable against the Issuers in accordance with its terms, except to
        the extent that such enforceability may be limited by applicable
        bankruptcy, insolvency, reorganization, moratorium and other similar
        laws affecting creditors' rights generally and by general equitable
        principles (whether considered in a proceeding in equity or at law).

                (j)     The Notes have been duly authorized by the Company and,
        when duly executed, authenticated, issued and delivered as provided in
        the Indenture and paid for as provided herein, will be duly and validly
        issued and outstanding and will constitute valid and legally binding
        obligations of the Company entitled to the benefits of the Indenture and
        enforceable against the Company in accordance with their terms, except
        to the extent that such enforceability may be limited by applicable
        bankruptcy, insolvency, reorganization, moratorium and other similar
        laws affecting creditors' rights generally and by general equitable
        principles (whether considered in a proceeding in equity or at law).

                (k)     The Guarantees have been duly authorized by each of the
        Guarantors and when duly executed and delivered as provided in the
        Indenture and when the Notes are paid for and delivered as provided
        herein, will be duly and validly issued and outstanding and will
        constitute valid and legally binding obligations of each Guarantor
        entitled to the benefits of the Indenture and enforceable against each
        such Guarantor in accordance with their terms, except to the extent that
        such enforceability may be limited by applicable bankruptcy, insolvency,
        reorganization, moratorium and other similar laws affecting creditors'
        rights generally and by general equitable principles (whether considered
        in a proceeding in equity or at law).

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                (l)     The Exchange Securities have been duly authorized by the
        Issuers to the extent each will be an obligor thereunder, and, when duly
        executed, authenticated, issued and delivered as provided in the
        Indenture and the Registration Rights Agreement, will be duly and
        validly issued and outstanding and will constitute valid and legally
        binding obligations of the Issuers entitled to the benefits of the
        Indenture and enforceable against the Issuers in accordance with their
        terms, except to the extent that such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium and other
        similar laws affecting creditors' rights generally and by general
        equitable principles (whether considered in a proceeding in equity or at
        law).

                (m)     The amendment to the Old Indenture (the "Supplemental
        Indenture") has been duly authorized by the Company, and, if and when
        duly executed and delivered in accordance with its terms by each of the
        parties thereto, will constitute a valid and legally binding agreement
        of the Company, enforceable against the Company in accordance with its
        terms, except to the extent that such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium and other
        similar laws affecting creditors' rights generally and by general
        equitable principles (whether considered in a proceeding in equity or at
        law).

                (n)     The Credit Facility has been duly authorized by the
        Issuers, to the extent each is a party thereto, and, when duly executed
        and delivered in accordance with its terms by each of the parties
        thereto, will constitute a valid and legally binding agreement of the
        Issuers, enforceable against the Issuers in accordance with its terms,
        except to the extent that such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium and other
        similar laws affecting creditors' rights generally and by general
        equitable principles (whether considered in a proceeding in equity or at
        law), other than set-off provisions contained therein, which may not be
        enforceable.

                (o)     The Staats Repurchase and Release Agreement has been
        duly authorized, executed and delivered by the Company and Holding and
        constitutes a valid and legally binding agreement of the Company and
        Holding, enforceable against the Company and Holding in accordance with
        its terms, except (i) to the extent that such enforceability may be
        limited by applicable bankruptcy, insolvency, reorganization, moratorium
        and other similar laws affecting creditors' rights generally and by
        general equitable principles (whether considered in a proceeding

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        in equity or at law) and (ii) to the extent that the enforceability of
        rights to indemnification and contribution thereunder may be limited by
        federal or state securities laws or regulations or the public policy
        underlying such laws or regulations.

                (p)     The IAP Purchase Agreement has been duly authorized by
        the Company and, when duly executed and delivered in accordance with its
        terms by each of the parties thereto, will constitute a valid and
        legally binding agreement of the Company, enforceable against the
        Company in accordance with its terms, except (i) to the extent that such
        enforceability may be limited by applicable bankruptcy, insolvency,
        reorganization, moratorium and other similar laws affecting creditors'
        rights generally and by general equitable principles (whether considered
        in a proceeding in equity or at law) and (ii) to the extent that the
        enforceability of rights to indemnification and contribution thereunder
        may be limited by federal or state securities laws or regulations or the
        public policy underlying such laws or regulations.

                (q)     The execution, delivery and performance by the Issuers
        and each of their respective subsidiaries of each of the Transaction
        Documents, to the extent each is a party thereto, the issuance,
        authentication, sale and delivery of the Securities by the Issuers and
        compliance by such Issuers with the terms thereof and the consummation
        by the Issuers and their respective subsidiaries, as applicable, of the
        transactions contemplated by the Transaction Documents do not and will
        not conflict with or result in a breach or violation of any of the terms
        or provisions of, or constitute a default under, or, except as permitted
        by the Transaction Documents, result in the creation or imposition of
        any lien, charge or encumbrance upon any property or assets of the
        Issuers or any of their respective subsidiaries pursuant to, any
        indenture, mortgage, deed of trust, loan agreement or other agreement or
        instrument to which the Issuers or any of their respective subsidiaries
        are parties or by which the Issuers or any of their respective
        subsidiaries are bound or to which any of the property or assets of the
        Issuers or any of their respective subsidiaries are subject, except for
        any such conflict, breach, violation, default, lien, charge or
        encumbrance that has been waived and except for any such conflict,
        breach, violation, default, lien, charge or encumbrance that could not,
        singly or in the aggregate, reasonably be expected to have a Material
        Adverse Effect or any material adverse effect on the ability of the
        Issuers to perform their respective obligations under the Transaction
        Documents; nor will such actions result in any violation of the
        provisions of the charter or bylaws of the Issuers or

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        result in any violation of any of their respective subsidiaries or any
        statute or any order, rule or regulation of any court or arbitrator or
        governmental agency or body having jurisdiction over the Issuers or any
        of their respective subsidiaries or any of their properties or assets
        except such violation of any statute or any order, rule or regulation
        that could not, singly or in the aggregate, reasonably be expected to
        have a Material Adverse Effect; and, except for such consents,
        approvals, authorizations, registrations or qualifications which have
        been obtained or as may be required under (i) applicable Blue Sky or
        securities laws in connection with the purchase and resale of the
        Securities by the Initial Purchaser, (ii) the Trust Indenture Act in
        connection with the Exchange Securities or (iii) the Securities Act and
        state Blue Sky laws or securities laws in connection with the actions
        contemplated by the Registration Rights Agreement; no material consent,
        approval, authorization or order of, or filing or registration with, any
        such court or arbitrator or governmental agency or body is required for
        the execution, delivery and performance by the applicable Issuers of
        each of the Transaction Documents, the issuance, authentication, sale
        and delivery by the Issuers of the Securities and compliance by the
        Issuers with the terms thereof and the consummation by the Issuers of
        the transactions contemplated by the Transaction Documents, except for
        such consents, approvals, authorizations, filings, registrations or
        qualifications as may be required to be obtained or made under the
        Securities Act and applicable state securities laws as provided in the
        Registration Rights Agreement.

                (r)     Each Transaction Document will conform in all material
        respects to the description thereof contained in the Final Offering
        Memorandum.

                (s)     (i) Ernst & Young LLP are independent public accountants
        with respect to the Issuers and their respective subsidiaries within the
        meaning of Rule 101 of the Code of Professional Conduct of the American
        Institute of Certified Public Accountants ("AICPA") and its
        interpretations and rulings thereunder, (ii) the historical financial
        statements (including the related notes) contained in the Preliminary
        Offering Memorandum and the Final Offering Memorandum have been prepared
        in conformity with generally accepted accounting principles consistently
        applied throughout the periods covered thereby and fairly present, in
        all material respects, the financial condition and the results of
        operations of the entities purported to be covered thereby for the
        respective periods indicated except as otherwise disclosed therein and
        (iii) the assumptions underlying the pro forma financial information

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        included in the Preliminary Offering Memorandum and the Final Offering
        Memorandum include all assumptions required to give effect to the
        transactions and events described in the notes thereto, are reasonable
        and are set forth in the Preliminary Offering Memorandum and the Final
        Offering Memorandum and the pro forma adjustments give proper effect to
        those assumptions and reflect the proper application of those
        adjustments to the applicable historical financial statements included
        in the Preliminary Offering Memorandum and the Final Offering
        Memorandum. The financial information contained in the Preliminary
        Offering Memorandum and the Final Offering Memorandum under the headings
        "Summary historical consolidated financial and operating data,"
        "Capitalization," "Selected consolidated financial data," and
        "Management's discussion and analysis of financial condition and results
        of operations" is derived from the accounting records of the entities
        purported to be covered thereby and fairly present in all material
        respects the information purported to be shown thereby.

                (t)     There are no legal or governmental proceedings pending
        to which the Issuers or any of their respective subsidiaries is a party
        or of which any property or assets of the Issuers or any of their
        respective subsidiaries or affiliates is the subject which, singularly
        or in the aggregate, if determined adversely to the Issuers or any of
        their respective subsidiaries or affiliates, could reasonably be
        expected to have a Material Adverse Effect; and to the best knowledge of
        the Issuers, no such proceedings are threatened or contemplated by
        governmental authorities or threatened by others.

                (u)     No injunction, restraining order or order of any nature
        by any federal or state court of competent jurisdiction has been issued
        with respect to the Issuers or any of their respective subsidiaries
        which would prevent or suspend the issuance or sale of the Securities or
        the use of the Final Offering Memorandum in any jurisdiction; no action,
        suit or proceeding is pending against or, to the best knowledge of the
        Issuers, threatened against or affecting the Issuers or any of their
        respective subsidiaries before any court or arbitrator or any
        governmental agency, body or official, domestic or foreign, which could
        reasonably be expected to interfere with or adversely affect the
        issuance of the Securities or in any manner draw into question the
        validity or enforceability of any of the Transaction Documents or any
        action taken or to be taken pursuant thereto.

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                (v)     None of the Issuers or any of their respective
        subsidiaries is (i) in violation of its charter or bylaws, (ii) in
        default in any material respect, and no event has occurred which, with
        notice or lapse of time or both, would constitute such a default, in the
        due performance or observance of any term, covenant or condition
        contained in any material indenture, mortgage, deed of trust, loan
        agreement or other material agreement or instrument to which it is a
        party or by which it is bound or to which any of its property or assets
        is subject or (iii) in violation in any material respect of any
        applicable law, ordinance, court decree, governmental rule or regulation
        to which it or its material property or assets may be subject.

                (w)     The Issuers and each of their respective subsidiaries
        possess all licenses, orders, certificates, authorizations, approvals
        and permits issued by, and have made all declarations, applications,
        reports, instruments, information and filings with, the appropriate
        federal, state or foreign regulatory agencies or bodies that are
        necessary or desirable for the ownership of their respective properties
        or the conduct of their respective businesses as described in the Final
        Offering Memorandum and such declarations, applications, reports,
        instruments, information and filings are true, correct and complete in
        all material respects, except where the failure to possess or make the
        same would not, singularly or in the aggregate, have a Material Adverse
        Effect, and neither any of the Issuers nor any of their respective
        subsidiaries has received notification of any revocation or modification
        of any such license, certificate, authorization or permit that is
        generally renewable in the ordinary course or has any reason to believe
        that any such license, certificate, authorization or permit will not be
        renewed in the ordinary course.

                (x)     None of the Issuers or any of their respective
        subsidiaries is an open-end investment company, unit investment trust or
        face-amount certificate company that is or is required to be registered
        under Section 8 of the United States Investment Company Act of 1940, as
        amended (the "Investment Company Act"), nor are any of them a closed-end
        investment company required to be registered, but not registered,
        thereunder; and none of the Issuers is and, after giving effect to the
        offering and sale of the Securities and the application of the proceeds
        thereof as described in the Final Offering Memorandum, none of the
        Issuers will be, an "investment company" as defined in the Investment
        Company Act.

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                (y)     The Issuers and each of their respective subsidiaries
        maintain a system of internal accounting controls sufficient to provide
        reasonable assurance that (i) transactions are executed in accordance
        with management's general or specific authorizations; (ii) transactions
        are recorded as necessary to permit preparation of financial statements
        in conformity with generally accepted accounting principles and to
        maintain asset accountability; (iii) access to assets is permitted only
        in accordance with management's general or specific authorization; and
        (iv) the recorded accountability for assets is compared with the
        existing assets at reasonable intervals and appropriate action is taken
        with respect to any differences.

                (z)     The Issuers and each of their respective subsidiaries
        have insurance covering their respective properties, operations,
        personnel and businesses, which insurance is in amounts and insures
        against such losses and risks as are in the Issuers' opinion adequate to
        protect the Issuers and their respective subsidiaries and their
        respective businesses. None of the Issuers or any of their respective
        subsidiaries have received notice from any insurer or agent of such
        insurer that capital improvements or other expenditures are required or
        necessary to be made in order to continue such insurance.

                (aa)    The Issuers and each of their respective subsidiaries
        own or possess adequate rights to use all material patents, patent
        applications, trademarks, service marks, trade names, trademark
        registrations, service mark registrations, copyrights, licenses and
        know-how (including trade secrets and other unpatented and/or
        unpatentable proprietary or confidential information, systems or
        procedures) necessary for the conduct of their respective businesses as
        described in the Final Offering Memorandum; and the conduct of their
        respective businesses does not conflict in any material respect with,
        and the Issuers and their respective subsidiaries have not received any
        notice of any claim of conflict with, any such rights of others.

                (bb)    The Issuers and each of their respective subsidiaries
        have good and marketable title in fee simple to, or have valid rights to
        lease or otherwise use, all items of real and personal property which
        are material to the business of the Issuers and their respective
        subsidiaries, taken as a whole, in each case free and clear of all
        liens, encumbrances and defects other than (i) liens and encumbrances
        granted pursuant to the Credit Facility and (ii) liens, encumbrances and
        defects that do not materially interfere with the use made and proposed
        to be made of such

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        property by the Issuers and their respective subsidiaries or could not
        reasonably be expected to have a Material Adverse Effect.

                (cc)    No labor disturbance by or dispute with the employees of
        the Issuers or any of their respective subsidiaries exists or, to the
        best knowledge of the Issuers, is imminent, which could reasonably be
        expected to have a Material Adverse Effect.

                (dd)    There has been no storage, generation, transportation,
        handling, treatment, disposal, discharge, emission or other release or
        threatened release of any kind of toxic or other wastes or other
        hazardous substances by, due to or caused by the Issuers or any of their
        respective subsidiaries (or, to the best knowledge of the Issuers, any
        other entity (including any predecessor) for whose acts or omissions the
        Issuers or any of their respective subsidiaries are or could reasonably
        be expected to be liable) upon any property now or previously owned or
        leased by the Issuers or any of their respective subsidiaries, or upon
        any other property, in violation of any statute or any ordinance, rule,
        regulation, order, judgment, decree or permit or which would, under any
        statute or any ordinance, rule (including rule of common law),
        regulation, order, judgment, decree or permit, give rise to any
        liability except for any violation or liability which would not have,
        singularly or in the aggregate with all such violations and liabilities,
        a Material Adverse Effect; and there has been no disposal, discharge,
        emission or other release of any kind onto such property or into the
        environment surrounding such property of any toxic or other wastes or
        other hazardous substances with respect to which the Issuers have
        knowledge, except for any such disposal, discharge, emission or other
        release of any kind which would not have, singularly or in the aggregate
        with all such disposal, discharge, emission and other release, a
        Material Adverse Effect.

                (ee)    No "prohibited transaction" (as defined in Section 406
        of the Employee Retirement Income Security Act of 1974, as amended,
        including the regulations and published interpretations thereunder
        ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as
        amended from time to time (the "Code")) or "accumulated funding
        deficiency" (as defined in Section 302 of ERISA) or any of the events
        set forth in Section 4043(b) of ERISA (other than events with respect to
        which the 30-day notice requirement under Section 4043 of ERISA has been
        waived) has occurred with respect to any employee benefit plan of the
        Issuers or any of their respective subsidiaries which could reasonably
        be expected to have a Material Adverse Effect; each such employee

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                                      -13-

        benefit plan is in compliance in all material respects with applicable
        law, including ERISA and the Code; the Issuers and each of their
        respective subsidiaries have not incurred and do not expect to incur
        liability under Title IV of ERISA with respect to the termination of, or
        withdrawal from, any pension plan for which the Issuers or any of their
        respective subsidiaries would have any liability; and each such pension
        plan that is intended to be qualified under Section 401(a) of the Code
        is so qualified in all material respects and nothing has occurred,
        whether by action or by failure to act, which could reasonably be
        expected to cause the loss of such qualification.

                (ff)    On the Closing Date, the Company and its subsidiaries,
        taken as a whole, (after giving effect to the Transactions) will be
        Solvent. As used in this paragraph, the term "Solvent" means, with
        respect to a particular date, that on such date (i) the present fair
        market value (or present fair saleable value) of the assets of the
        Company and its subsidiaries is not less than the total amount of the
        liabilities of the Company and its subsidiaries on their total existing
        debts and liabilities (including contingent liabilities); (ii) the
        Company and its subsidiaries are able to realize upon their assets and
        pay their debts and other liabilities, contingent obligations and
        commitments as they mature and become due in the normal course of
        business; (iii) assuming consummation of the issuance of the Securities
        as contemplated by this Agreement and the Final Offering Memorandum, the
        Company and its subsidiaries are not incurring debts or liabilities
        beyond their ability to pay as such debts and liabilities mature; (iv)
        the Company and its subsidiaries are not engaged in any business or
        transaction, and does not propose to engage in any business or
        transaction, for which their property would constitute unreasonably
        small capital after giving due consideration to the prevailing practice
        in the industry in which the Company is engaged; and (v) the Company and
        its subsidiaries are not otherwise insolvent under applicable federal or
        state laws.

                (gg)    Except as described in the Final Offering Memorandum,
        there are no outstanding subscriptions, rights, warrants, calls or
        options to acquire, or instruments convertible into or exchangeable for,
        or agreements or understandings with respect to the sale or issuance of,
        any shares of capital stock of or other equity or other ownership
        interest in the Issuers or any of their respective subsidiaries.

                (hh)    No holder of securities of the Issuers or any of their
        respective subsidiaries will be entitled to have such securities
        registered

<PAGE>
                                      -14-

        under the registration statements required to be filed by the Issuers
        pursuant to the Registration Rights Agreement, to the extent each is a
        party thereto, other than as expressly permitted thereby or that has
        been waived.

                (ii)    No forward-looking statement (within the meaning of
        Section 27A of the Securities Act and Section 21E of the Exchange Act)
        contained in the Preliminary Offering Memorandum and the Final Offering
        Memorandum has been made or reaffirmed without a reasonable basis or has
        been disclosed other than in good faith.

                (jj)    Nothing has come to the attention of the Company that
        has caused the Company to believe that the statistical and
        market-related data included in the Preliminary Offering Memorandum and
        the Final Offering Memorandum is not based on or derived from sources
        that are reliable and accurate in all material respects.

                (kk)    None of the proceeds of the sale of the Securities will
        be used, directly or indirectly, for the purpose of purchasing or
        carrying any margin security, for the purpose of reducing or retiring
        any indebtedness which was originally incurred to purchase or carry any
        margin security or for any other purpose which might cause any of the
        Securities to be considered a "purpose credit" within the meanings of
        Regulation T, U or X of the Board of Governors of the Federal Reserve
        System.

                (ll)    Neither any of the Issuers nor any Affiliate (as defined
        in Rule 501(b) of Regulation D under the Securities Act ("Regulation
        D")) has directly, or through any agent (provided that no representation
        is made as to the Initial Purchaser or any Person acting on its behalf):
        (i) sold, offered for sale, solicited offers to buy or otherwise
        negotiated in respect of any "security" (as defined in the Securities
        Act) which sale, offer, solicitation or negotiation is or will be
        integrated with the sale of the Securities in a manner that would
        require the registration under the Securities Act of the Securities or
        (ii) engaged in any form of general solicitation or general advertising
        (as those terms are used in Regulation D) in connection with the
        offering of the Securities.

                (mm)    When the Securities are delivered pursuant to this
        Agreement, none of the Securities will be of the same class (within the
        meaning of Rule 144A under the Securities Act) as securities of the
        Issuers or any of their respective subsidiaries that are listed on a
        national securities exchange registered under Section 6 of the Exchange
        Act or

<PAGE>
                                      -15-

        that are quoted in a United States automated inter-dealer quotation
        system.

                (nn)    None of the Issuers or any of their respective
        Affiliates (as defined in Rule 501(b) of Regulation D), nor any person
        acting on behalf of any of them (other than the Initial Purchaser) (i)
        has, within the six-month period prior to the date hereof, offered or
        sold in the United States or to any U.S. person (as such terms are
        defined in Regulation S under the Securities Act ("Regulation S")) the
        Securities or any security of the same class or series as the Securities
        (A) in the United States by means of any form of general solicitation or
        general advertising within the meaning of Rule 502(c) under the
        Securities Act or (B) with respect to any such securities sold in
        reliance on Rule 903 of Regulation S, by means of any directed selling
        efforts within the meaning of Rule 902(b) of Regulation S. The Issuers
        and their respective affiliates, and any person acting on behalf of any
        of them (other than the Initial Purchaser) have complied and will comply
        with the offering restrictions requirement of Regulation S. The Issuers
        have not entered and will not enter into any contractual arrangement
        with respect to the distribution of the Securities except for this
        Agreement and the Registration Rights Agreement, to the extent each is
        party thereto.

                (oo)    Since March 31, 2003, except as set forth in the Final
        Offering Memorandum (i) both before and after giving effect to the
        Transactions, there has been no material adverse change or any
        development involving a prospective material adverse change in the
        condition, financial or otherwise, or in the earnings, business affairs,
        management or business prospects of the Issuers, whether or not arising
        in the ordinary course of business, (ii) none of the Issuers, nor any of
        their respective subsidiaries has incurred any liability or obligation,
        direct or indirect, absolute or contingent, other than in the ordinary
        course of business, which would, singly or in the aggregate, have a
        Material Adverse Effect, (iii) neither any of the Issuers nor any of
        their respective subsidiaries has entered into any material transaction
        other than in the ordinary course of business and (iv) there has not
        been any change in the capital stock or long-term debt of any of the
        Issuers or any of their respective subsidiaries, or any dividend or
        distribution of any kind declared, paid or made by any of the Issuers or
        any of their respective subsidiaries on any class of its capital stock.

        2.      Purchase and Resale of the Securities. (a) On the basis of the
representations, warranties and agreements contained herein, and subject to the
terms and conditions

<PAGE>

                                      -16-

set forth herein, the Issuers agree, severally and not jointly, to issue and
sell to the Initial Purchaser, and the Initial Purchaser agrees, to purchase
from the Issuers, all of the Securities at a purchase price equal to 98.692% of
the principal amount thereof. In connection with the issuance and sale of the
Securities hereunder, the Issuers shall pay to the Initial Purchaser on the
Closing Date a fee equal to 2.75% of the principal amount of Securities
purchased by the Initial Purchaser hereunder (the "Initial Purchaser's Fee");
provided that in the event that more than $76.6 million of the Company's 9%
senior subordinated notes due 2008 are tendered and not withdrawn pursuant to
the Tender Offer, the Issuer shall not be required to pay the Initial
Purchaser's Fee until the 45th day following the Closing Date. No Issuer shall
be obligated to deliver any of the Securities except upon payment for all of the
Securities to be purchased from the Issuers as provided herein.

        (b)     The Initial Purchaser has advised the Issuers that it proposes
to offer the Securities for resale upon the terms and subject to the conditions
set forth herein and in the Final Offering Memorandum. The Initial Purchaser
represents and warrants to, and agrees with, the Issuers that (i) it is
purchasing the Securities pursuant to a private sale exemption from registration
under the Securities Act, (ii) it has not solicited offers for, or offered or
sold, and will not solicit offers for, or offer or sell, the Securities by means
of any form of general solicitation or general advertising within the meaning of
Rule 502(c) of Regulation D or in any manner involving a public offering within
the meaning of Section 4(2) of the Securities Act and (iii) it has solicited and
will solicit offers for the Securities only from, and has offered or sold and
will offer, sell or deliver the Securities, as part of its initial offering,
only (A) within the United States to persons whom it reasonably believes to be
qualified institutional buyers ("Qualified Institutional Buyers"), as defined in
Rule 144A under the Securities Act ("Rule 144A"), or if any such person is
buying for one or more institutional accounts for which such person is acting as
fiduciary or agent, only when such person has represented to it that each such
account is a Qualified Institutional Buyer to whom notice has been given that
such sale or delivery is being made in reliance on Rule 144A and in each case,
in transactions in accordance with Rule 144A and (B) outside the United States
to persons other than U.S. persons in reliance on Regulation S.

        (c)     In connection with the offer and sale of Securities in reliance
on Regulation S, the Initial Purchaser represents, warrants and agrees that:

        (i)     The Securities have not been registered under the Securities Act
    and may not be offered or sold within the United States or to, or for the
    account or benefit of, U.S. persons except pursuant to an exemption from, or
    in transactions not subject to, the registration requirements of the
    Securities Act.

        (ii)    The Initial Purchaser has offered and sold the Securities, and
    will offer and sell the Securities, (A) as part of its distribution at any
    time and (B) otherwise

<PAGE>

                                      -17-

    until 40 days after the later of the commencement of the offering of the
    Securities and the Closing Date, only in accordance with Regulation S or
    Rule 144A or any other available exemption from registration under the
    Securities Act.

        (iii)   Neither the Initial Purchaser nor any of its affiliates
    nor any other person acting on its or their behalf has engaged or will
    engage in any directed selling efforts (as defined in Regulation S) with
    respect to the Securities, and all such persons have complied and will
    comply with the offering restrictions requirement of Regulation S.

        (iv)    At or prior to the confirmation of sale of any Securities sold
    in reliance on Regulation S, the Initial Purchaser will have sent to each
    distributor, dealer or other person receiving a selling concession, fee or
    other remuneration that purchases Securities from it during the restricted
    period a confirmation or notice to substantially the following effect:

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

        (v)     The Initial Purchaser has not and will not enter into any
    contractual arrangement with any distributor with respect to the
    distribution of the Securities, except with its affiliates or with the prior
    written consent of the Issuers.

Terms used in this Section 2(c) have the meanings given to them by Regulation S.

        (d)     The Initial Purchaser agrees that, prior to or simultaneously
    with the confirmation of sale by the Initial Purchaser to any purchaser of
    any of the Securities purchased by the Initial Purchaser from the applicable
    Issuers pursuant hereto, the Initial Purchaser shall furnish to that
    purchaser a copy of the Final Offering Memorandum (and any amendment or
    supplement thereto that the Issuers shall have furnished to the Initial
    Purchaser prior to the date of such confirmation of sale), but excluding any
    document incorporated by reference therein. In addition to the foregoing,
    the Initial Purchaser acknowledges and agrees that the Issuers and, for
    purposes of the opinions to be delivered to the Initial Purchaser pursuant
    to Sections 5(d) and 5(e), counsel for the Issuers and for the Initial
    Purchaser, respectively, may rely upon the accuracy of the representations
    and warranties of the Initial Purchaser and their

<PAGE>

                                      -18-

    compliance with their agreements contained in this Section 2, and the
    Initial Purchaser hereby consents to such reliance.

        (e)     The Issuers acknowledge and agree that the Initial Purchaser may
    sell Securities to any affiliate of the Initial Purchaser and that any such
    affiliate may sell Securities purchased by it to the Initial Purchaser.

        3.      Delivery of and Payment for the Securities. (a) Delivery of and
payment for the Securities shall be made at the offices of Weil, Gotshal &
Manges LLP, Dallas, Texas or at such other place as shall be agreed upon by the
Initial Purchaser and the Issuers, at 9:00 A.M., Dallas time, on June 27, 2003,
or at such other time or date, not later than seven full business days
thereafter, as shall be agreed upon by the Initial Purchaser and the Issuers
(such date and time of payment and delivery being referred to herein as the
"Closing Date").

        (b)     On the Closing Date, payment of the purchase price for the
Securities shall be made to the Company by wire or book-entry transfer of
same-day funds to such account or accounts as the Company shall specify prior to
the Closing Date or by such other means as the parties hereto shall agree prior
to the Closing Date against delivery to the Initial Purchaser of the
certificates evidencing the Securities. Time shall be of the essence, and
delivery at the time and place specified pursuant to this Agreement is a further
condition of the obligations of the Initial Purchaser hereunder. Upon delivery,
the Securities shall be in global form, registered in such names and in such
denominations as the Initial Purchaser shall have requested in writing not less
than two full business days prior to the Closing Date. The Issuers agree to make
one or more global certificates evidencing the Securities available for
inspection by the Initial Purchaser in New York, New York at least 24 hours
prior to the Closing Date.

        4.      Further Agreements of the Issuers. The Issuers, jointly and
severally, agree with the Initial Purchaser:

                (a)     to advise the Initial Purchaser promptly and, if
        requested, confirm such advice in writing, of the happening of any event
        which makes any statement of a material fact made in the Preliminary
        Offering Memorandum or the Final Offering Memorandum untrue or which
        requires the making of any additions to or changes in the Preliminary
        Offering Memorandum or the Final Offering Memorandum (as amended or
        supplemented from time to time) in order to make the statements therein,
        in the light of the circumstances under which they were made, not
        misleading; to advise the Initial Purchaser promptly of any order
        preventing or suspending the use of the Preliminary Offering Memorandum
        or the Final Offering Memorandum, of any suspension of the qualification
        of the Securities for offering or sale in any jurisdiction

<PAGE>

                                      -19-

        and of the initiation or threatening of any proceeding for any such
        purpose; and to use its reasonable best efforts to prevent the issuance
        of any such order preventing or suspending the use of the Preliminary
        Offering Memorandum or the Final Offering Memorandum or suspending any
        such qualification and, if any such suspension is issued, to obtain the
        lifting thereof at the earliest possible time;

                (b)     to furnish to the Initial Purchaser, without charge, as
        many copies of the Preliminary Offering Memorandum and the Final
        Offering Memorandum (and any amendments or supplements thereto) as may
        be reasonably requested; provided that, in the event of any amendment or
        supplement to the Final Offering Memorandum, the Initial Purchaser shall
        have been given a reasonable opportunity to comment thereon, and copies
        thereof shall have been delivered to the Initial Purchaser reasonably in
        advance of the Closing Date;

                (c)     prior to making any amendment or supplement to the
        Preliminary Offering Memorandum or the Final Offering Memorandum, to
        furnish a copy thereof to the Initial Purchaser and counsel for the
        Initial Purchaser and not to effect any such amendment or supplement to
        which the Initial Purchaser shall reasonably object by notice to the
        Issuers after a reasonable period of review, which shall not be in any
        case longer than five business days after receipt of such copy;

                (d)     if, at any time prior to completion of the initial
        resale of the Securities by the Initial Purchaser, any event shall occur
        or condition exist as a result of which it is necessary, in the opinion
        of counsel for the Initial Purchaser or counsel for the Issuers, to
        amend or supplement the Final Offering Memorandum in order that the
        Final Offering Memorandum will not include an untrue statement of a
        material fact or omit to state a material fact required to be stated
        therein necessary in order to make the statements therein, in the light
        of the circumstances existing at the time it is delivered to a
        purchaser, not misleading, or if it is necessary to amend or supplement
        the Final Offering Memorandum to comply with applicable law, to promptly
        prepare such amendment or supplement as may be necessary to correct such
        untrue statement or omission so that the Final Offering Memorandum, as
        so amended or supplemented, will comply with applicable law;

                (e)     for so long as the Securities are outstanding and are
        "restricted securities" within the meaning of Rule 144(a)(3) under the
        Securities Act, to furnish to holders of the Securities and prospective
        purchasers of the Securities designated by such holders, upon request of

<PAGE>

                                      -20-

        such holders or such prospective purchasers, the information required to
        be delivered pursuant to Rule 144A(d)(4) under the Securities Act,
        unless the Issuers are then subject to and in compliance with Section 13
        or 15(d) of the Exchange Act;

                (f)     for a period of three years following the Closing Date,
        to furnish to the Initial Purchaser copies of any annual reports,
        quarterly reports and current reports filed by the Issuers with the
        Commission on Forms 10-K, 10-Q and 8-K, or such other similar forms as
        may be designated by the Commission, and such other documents, reports
        and information as shall be furnished by the Issuers to the Trustee or
        to the holders of the Securities pursuant to the Indenture or the
        Exchange Act or any rule or regulation of the Commission thereunder;

                (g)     to use their reasonable best efforts to qualify the
        Securities for sale under the state securities or Blue Sky laws of such
        jurisdictions as the Initial Purchaser may reasonably designate and to
        continue such qualifications in effect for so long as required for the
        distribution of the Securities; provided, however, that the Issuers and
        their respective subsidiaries shall not be obligated to qualify as a
        foreign corporation in any jurisdiction where it is not then qualified
        or to take any action which would subject it to general service of
        process or to taxation in any such jurisdiction where it is not then so
        subject.

                (h)     to use their reasonable best efforts to assist the
        Initial Purchaser in arranging for the Securities to be designated
        Private Offerings, Resales and Trading through Automated Linkages
        ("PORTAL") Market securities in accordance with the rules and
        regulations adopted by the National Association of Securities Dealers,
        Inc. ("NASD") relating to trading in the PORTAL Market and for the
        Securities to be eligible for clearance and settlement through the
        Depository Trust Company ("DTC");

                (i)     not to, and to cause its affiliates not to, sell, offer
        for sale or solicit offers to buy or otherwise negotiate in respect of
        any security (as such term is defined in the Securities Act) which could
        be integrated with the sale of the Securities in a manner which would
        require registration of the Securities under the Securities Act;

                (j)     except following the effectiveness of the Exchange Offer
        Registration Statement or the Shelf Registration Statement, as the case
        may be, not to, and to cause its affiliates (as such term is defined in
        Rule 501(B) of Regulation D) not to, and not to authorize or

<PAGE>

                                      -21-

        knowingly permit any person acting on their behalf to, (i) solicit any
        offer to buy or offer to sell the Securities by means of any form of
        general solicitation or general advertising within the meaning of
        Regulation D or in any manner involving a public offering within the
        meaning of Section 4(2) of the Securities Act or (ii) engage in any
        directed selling efforts within the meaning of Regulation S, and all
        such persons will comply with the offering restrictions requirement of
        Regulation S; and not to offer, sell, contract to sell or otherwise
        dispose of, directly or indirectly, any securities under circumstances
        where such offer, sale, contract or disposition would cause the
        exemption afforded by Section 4(2) of the Securities Act to cease to be
        applicable to the offering and sale of the Securities as contemplated by
        this Agreement and the Final Offering Memorandum;

                (k)     for a period of 90 days from the date hereof, not to
        offer for sale, sell, contract to sell or otherwise dispose of, directly
        or indirectly, or file a registration statement (except as required by
        the Registration Rights Agreement) for, or announce any offer, sale,
        contract for sale of or other disposition of any debt securities issued
        or guaranteed by the Issuers or any of their respective subsidiaries
        (other than the Securities or the Exchange Securities) without the prior
        written consent of the Initial Purchaser (which consent may not be
        unreasonably withheld);

                (l)     until the earlier of (i) the date that all the Notes
        have either been exchanged or registered under a shelf registration
        statement in accordance with the terms of the Registration Rights
        Agreement and (ii) two years after the Closing Date, without the prior
        written consent of the Initial Purchaser, not to, and not permit any of
        their affiliates (as defined in Rule 144 under the Securities Act) to,
        resell any of the Notes that have been reacquired by them, except for
        Notes purchased by the Issuers or any of their affiliates and resold in
        a transaction registered under the Securities Act;

                (m)     in connection with the offering of the Securities, until
        the Initial Purchaser shall have notified the Issuers of the completion
        of the resale of the Securities, not to, and to cause its affiliated
        purchasers (as defined in Regulation M under the Exchange Act), not to,
        either alone or with one or more other persons, bid for or purchase, for
        any account in which it or any of its affiliated purchasers has a
        beneficial interest, any Securities, or attempt to induce any person to
        purchase any Securities; and not to, and to cause its affiliated
        purchasers not to, make

<PAGE>

                                      -22-

        bids or purchase for the purpose of creating actual, or apparent, active
        trading in or of raising the price of the Securities;

                (n)     to consummate the Tender Offer and, pursuant thereto,
        repurchase all of the outstanding 9% senior subordinated notes due 2008
        which are tendered for repurchase and not withdrawn thereunder;

                (o)     to consummate the repurchase contemplated by the Staats
        Repurchase and Release Agreement within 15 days of the Closing Date;

                (p)     to not take any action prior to the Closing Date which
        would require the Final Offering Memorandum to be amended or
        supplemented pursuant to Section 4(d); and

                (q)     to apply the net proceeds from the sale of the
        Securities as set forth in the Final Offering Memorandum under the
        heading "Use of proceeds."

        5.      Conditions to Closing. The obligations of the Initial Purchaser
hereunder are subject to the accuracy, on and as of the date hereof and the
Closing Date, of the representations and warranties of the Issuers contained
herein, to the accuracy of the statements of the Issuers and their officers made
in any certificates delivered pursuant hereto, to the performance by the Issuers
of their obligations hereunder, and to each of the following additional terms
and conditions; provided that subsection (t) of this Section 5 shall also be a
condition to the obligations of each of the Issuers hereunder:

                (a)     The Final Offering Memorandum (and any amendments or
        supplements thereto) shall have been printed and copies distributed to
        the Initial Purchaser as promptly as practicable on or following the
        date of this Agreement or at such other date and time as to which the
        Initial Purchaser may designate; and no stop order suspending the sale
        of the Securities in any jurisdiction shall have been issued and no
        proceeding for that purpose shall have been commenced or shall be
        pending or threatened.

                (b)     The Initial Purchaser shall not have discovered and
        disclosed to the Issuers on or prior to the Closing Date that the Final
        Offering Memorandum or any amendment or supplement thereto contains an
        untrue statement of a fact which is material or omits to state any fact
        which, in the opinion of counsel to the Initial Purchaser, is material
        and is necessary to make the statements therein not misleading.

<PAGE>

                                      -23-

                (c)     All corporate proceedings and other legal matters
        incident to the authorization, form and validity of each of the
        Transaction Documents, the Preliminary Offering Memorandum and the Final
        Offering Memorandum, and all other legal matters relating to the
        Transaction Documents and the transactions contemplated thereby, shall
        be reasonably satisfactory in all material respects to the Initial
        Purchaser, and the Issuers shall have furnished to the Initial Purchaser
        all documents and information that it or its counsel may reasonably
        request to enable them to pass upon such matters.

                (d)     Weil, Gotshal & Manges LLP shall have furnished to the
        Initial Purchaser their written opinion, as counsel for the Issuers,
        addressed to the Initial Purchaser and dated the Closing Date,
        substantially to the effect set forth in Annex B hereto.

                (e)     The Initial Purchaser shall have received from Cahill
        Gordon & Reindel LLP, counsel for the Initial Purchaser, such opinion or
        opinions, dated the Closing Date, with respect to such matters as the
        Initial Purchaser may reasonably require, and the Issuers shall have
        furnished to such counsel such documents, certificates and information
        as they reasonably request for the purpose of enabling them to pass upon
        such matters.

                (f)     With respect to the letter (the "Initial Letter") of
        Ernst & Young LLP delivered to the Initial Purchaser concurrently with
        the execution of this Agreement (which letter shall be in form and
        substance reasonably satisfactory to the Initial Purchaser and counsel
        for the Initial Purchaser), the Issuers shall have caused Ernst & Young
        LLP to furnish to the Initial Purchaser a letter (the "Bring-Down
        Letter") addressed to the Initial Purchaser and dated the Closing Date
        (i) confirming that they are independent public accountants with respect
        to the Company and its subsidiaries within the meaning of Rule 101 of
        the Code of Professional Conduct of the AICPA and its interpretations
        and rulings thereunder, (ii) stating, as of the date of the Bring-Down
        Letter (or, with respect to matters involving changes or developments
        since the respective dates as of which specified financial information
        is given in the Final Offering Memorandum, as of a date not more than
        two business days prior to the date of the Bring-Down Letter), that the
        conclusions and findings of such accountants with respect to the
        financial information and other matters covered by the Initial Letter
        are accurate and (iii) confirming in all material respects the
        conclusions and findings set forth in the Initial Letter.

<PAGE>

                                      -24-

                (g)     Each of the Issuers shall have furnished to the Initial
        Purchaser a certificate, dated the Closing Date, of a senior executive
        officer of such Issuer (acting in his or her capacity as an officer of
        such Issuer and not as an individual) stating that (A) such officer has
        reviewed the Final Offering Memorandum, (B) in his or her opinion, the
        Final Offering Memorandum, as of its date, did not include any untrue
        statement of a material fact and did not omit to state a material fact
        necessary in order to make the statements therein, in the light of the
        circumstances under which they were made, not misleading, and since the
        date of the Final Offering Memorandum, no event has occurred which
        should have been set forth in a supplement or amendment to the Final
        Offering Memorandum so that the Final Offering Memorandum (as so amended
        or supplemented) would not include any untrue statement of a material
        fact and would not omit to state a material fact necessary in order to
        make the statements therein, in the light of the circumstances under
        which they were made, not misleading and (C) to the best of his or her
        knowledge, as of the Closing Date, the representations and warranties of
        such Issuer in this Agreement are true and correct in all material
        respects, such Issuer has complied in all material respects with all
        agreements and satisfied in all material respects all conditions on its
        part to be performed or satisfied hereunder on or prior to the Closing
        Date in all material respects, and since the date hereof or subsequent
        to the date of the most recent financial statements contained in the
        Final Offering Memorandum, there has been no material adverse change in
        the financial position or results of operations of the Issuers and their
        respective subsidiaries taken as a whole, or any material change, or any
        development including a prospective material change in or affecting the
        condition (financial or otherwise), results of operations, business or
        prospects of the Issuers and their respective subsidiaries taken as a
        whole, except as set forth in the Final Offering Memorandum.

                (h)     The Initial Purchaser shall have received on and as of
        the Closing Date satisfactory evidence of the good standing of the
        Company and its subsidiaries in their respective jurisdictions of
        organization and, as applicable, their good standing in the
        jurisdictions listed on Schedule II hereto, in each case in writing or
        any standard form of telecommunication, from the appropriate
        governmental authorities of such jurisdictions.

                (i)     The Initial Purchaser shall have received a counterpart
        of the Registration Rights Agreement which shall have been executed and
        delivered by a duly authorized officer of each Issuer.

<PAGE>

                                      -25-

                (j)     The Indenture shall have been duly executed and
        delivered by the Issuers and the Trustee, the Notes shall have been duly
        executed and delivered by the Company and duly authenticated by the
        Trustee and the Guarantees shall have been duly executed and delivered
        by the Guarantors.

                (k)     The Company shall have received all requisite consents
        under the Consent Solicitation to amend the Old Indenture and, such
        consents being in full force and effect as of the date hereof, the
        Supplemental Indenture shall have been duly executed and delivered by
        the parties thereto.

                (l)     The Staats Repurchase and Release Agreement shall be in
        full force and effect.

                (m)     The Credit Facility shall have been duly executed and
        delivered by the parties thereto.

                (n)     If any event shall have occurred that requires the
        Issuers under Section 4(d) to prepare an amendment or supplement to the
        Final Offering Memorandum, such amendment or supplement shall have been
        prepared, the Initial Purchaser shall have been given a reasonable
        opportunity to comment thereon, and copies thereof shall have been
        delivered to the Initial Purchaser reasonably in advance of the Closing
        Date.

                (o)     There shall not have occurred any invalidation of Rule
        144A under the Securities Act by any court or any withdrawal or proposed
        withdrawal of any rule or regulation under the Securities Act or the
        Exchange Act by the Commission or any amendment or proposed amendment
        thereof by the Commission which in the judgment of the Initial Purchaser
        would materially impair the ability of the Initial Purchaser to
        purchase, hold or effect resales of the Securities as contemplated
        hereby.

                (p)     Other than as contemplated by the Transactions or the
        Final Offering Memorandum, since the dates (both before and after the
        Transactions) as of which information is given in the Final Offering
        Memorandum (exclusive of any amendment or supplement to the Final
        Offering Memorandum on or after the date of the Final Offering
        Memorandum), there shall not have been any change in the capital stock
        or long-term debt or any change, or any development involving a
        prospective change, in or affecting the condition (financial or
        otherwise), results of operations, business or prospects of the Issuers
        and their respective

<PAGE>

                                      -26-

        subsidiaries taken as a whole, the effect of which, in any such case
        described above, is, in the judgment of the Initial Purchaser, so
        material and adverse as to make it impracticable or inadvisable to
        proceed with the sale or delivery of the Securities on the terms and in
        the manner contemplated in the Final Offering Memorandum (exclusive of
        any amendment or supplement thereto).

                (q)     No action shall have been taken and no statute, rule,
        regulation or order shall have been enacted, adopted or issued by any
        governmental agency or body which would, as of the Closing Date, prevent
        the issuance or sale of the Securities; and no injunction, restraining
        order or order of any other nature by any federal or state court of
        competent jurisdiction shall have been issued as of the Closing Date
        which would prevent the issuance, sale or resale of the Securities.

                (r)     Subsequent to the execution and delivery of this
        Agreement (i) no downgrading shall have occurred in the ratings accorded
        the Securities or any of the Issuers' other debt securities or preferred
        stock by any "nationally recognized statistical rating organization," as
        such term is defined by the Commission for purposes of Rule 436(g)(2) of
        the rules and regulations of the Commission under the Securities Act and
        (ii) no such organization shall have publicly announced that it has
        under surveillance or review or changed its outlook with respect to its
        rating of the Securities or any of the Issuers' other debt securities or
        preferred stock (other than an announcement with positive implications
        of a possible upgrading).

                (s)     Subsequent to the execution and delivery of this
        Agreement there shall not have occurred any of the following: (i)
        trading in securities generally on the New York Stock Exchange, the
        American Stock Exchange or the over-the-counter market shall have been
        suspended or limited, or minimum prices shall have been established on
        any such exchange or market by the Commission, by any such exchange or
        by any other regulatory body or governmental authority having
        jurisdiction, or trading in any securities of the Company on any
        exchange or in the over-the-counter market shall have been suspended or
        (ii) any moratorium on commercial banking activities shall have been
        declared by federal or New York state authorities or (iii) an outbreak
        or escalation of hostilities or a declaration by the United States of a
        national emergency or war or any calamity or crisis or (iv) a material
        adverse change in general economic, political or financial conditions
        (or the effect of international conditions on the financial markets in
        the United States shall be such) the

<PAGE>

                                      -27-

        effect of which, in the case of this clause (iv), is, in the judgment of
        the Initial Purchaser, so material and adverse as to make it
        impracticable or inadvisable to proceed with the offering, sale or the
        delivery of the Securities on the terms and in the manner contemplated
        by this Agreement and in the Final Offering Memorandum (exclusive of any
        amendment or supplement thereto).

                (t)     As of the Closing Date, no more than $87.0 million of
        the Company's 9% senior subordinated notes due 2008 shall have been
        tendered for repurchase pursuant to the Tender Offer.

        All opinions, letters, evidence and certificates mentioned above or
elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory
to counsel for the Initial Purchaser.

        6.      Termination. The obligations of the Initial Purchaser hereunder
may be terminated by the Initial Purchaser, in its absolute discretion, by
notice given to and received by the Issuers prior to delivery of and payment for
the Securities if, prior to that time, any of the events described in Sections
5(n), 5(o), 5(p), 5(q), 5(r), 5(s) and 5(t) shall have occurred and be
continuing. The obligations of the Issuers hereunder may be terminated by the
Company by notice given to and received by the Initial Purchaser prior to
delivery of payment for the Securities if, prior to that time, the event
described in Section 5(t) shall have occurred and be continuing.

        7.      Reimbursement of Initial Purchaser's Expenses. If (a) this
Agreement shall have been terminated pursuant to Section 6, (b) the Issuers
shall fail to tender the Securities for delivery to the Initial Purchaser or (c)
the Initial Purchaser shall decline to purchase the Securities for any reason
permitted under this Agreement, the Issuers shall, jointly and severally,
reimburse the Initial Purchaser for such out-of-pocket expenses (including
reasonable fees and disbursements of counsel) as shall have been reasonably
incurred by the Initial Purchaser in connection with this Agreement and the
proposed purchase or resale of the Securities.

        8.      Indemnification. (a) The Issuers shall, jointly and severally,
indemnify and hold harmless the Initial Purchaser, its affiliates, their
respective officers, directors, employees, representatives, partners and agents,
and each person, if any, who controls the Initial Purchaser or any affiliate
within the meaning of the Securities Act or the Exchange Act (collectively
referred to for purposes of this Section 8(a) and Section 9 as the Initial
Purchaser), from and against any loss, claim, damage or liability, joint or
several, or any action in respect thereof (including, without limitation, any
loss, claim, damage, liability or action relating to purchases and sales of the
Securities), to which the Initial Purchaser may become subject, whether
commenced or threatened, under the Securities Act, the Exchange Act, any other
federal or state statutory law or regulation, at common law or otherwise,
insofar as such loss,

<PAGE>

                                      -28-

claim, damage, liability or action arises out of, or is based upon, (i) any
untrue statement or alleged untrue statement of a material fact contained in the
Preliminary Offering Memorandum or the Final Offering Memorandum or in any
amendment or supplement thereto or in any information provided by the Issuers
pursuant to Section 4(d) or (ii) the omission or alleged omission to state
therein a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading, and
shall reimburse the Initial Purchaser promptly upon demand for any legal or
other expenses reasonably incurred by the Initial Purchaser in connection with
investigating or defending or preparing to defend against or appearing as a
third party witness in connection with any such loss, claim, damage, liability
or action as such expenses are incurred; provided, however, that the Issuers
shall not be liable in any such case to the extent that any such loss, claim,
damage, liability or action arises out of, or is based upon, an untrue statement
or alleged untrue statement in or omission or alleged omission from any of such
documents in reliance upon and in conformity with any Initial Purchaser's
Information; and provided further, however, that with respect to any such untrue
statement in or omission from the Preliminary Offering Memorandum or the Final
Offering Memorandum, the indemnity agreement contained in this Section 8(a)
shall not inure to the benefit of the Initial Purchaser to the extent that such
sale to the person asserting any such loss, claim, damage, liability or action
was an initial resale by the Initial Purchaser and any such loss, claim, damage,
liability or action of or with respect to the Initial Purchaser results from the
fact that both (A) to the extent required by applicable law a copy of the Final
Offering Memorandum or any correcting amendments or supplements thereto, as
applicable, but excluding the documents incorporated by reference therein, was
not sent or given to such person at or prior to the written confirmation of the
sale of such Securities to such person and (B) the untrue statement in or
omission from the Preliminary Offering Memorandum or the Final Offering
Memorandum, was corrected in the Final Offering Memorandum or an amendment or
supplement to the Final Offering Memorandum and the Final Offering Memorandum
(as amended or supplemented) does not contain any other untrue statement or
omission or alleged untrue statement or omission of a material fact unless, in
either case, such failure to deliver the Final Offering Memorandum (as amended
or supplemented) was a result of non-compliance by the Issuers with Section
4(b).

        (b)     The Initial Purchaser shall indemnify and hold harmless the
Issuers, their affiliates, their respective officers, directors, employees,
representatives, partners and agents, and each person, if any, who controls the
Issuers or any such affiliate within the meaning of the Securities Act or the
Exchange Act (collectively referred to for purposes of this Section 8(b) and
Section 9 as the Issuers), from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof, to which the
Issuers may become subject, whether commenced or threatened, under the
Securities Act, the Exchange Act, any other federal or state statutory law or
regulation, at common law or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained in the Preliminary
Offering Memorandum or the

<PAGE>

                                      -29-

Final Offering Memorandum or in any amendment or supplement thereto or (ii) the
omission or alleged omission to state therein a material fact necessary in order
to make the statements therein, in the light of the circumstances under which
they were made, not misleading, but in each of clause (i) and (ii) of this
Section 8(b) only to the extent that the untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with any Initial Purchaser's Information, and shall reimburse the
Issuers for any legal or other expenses reasonably incurred by the Issuers in
connection with investigating or defending or preparing to defend against or
appearing as a third party witness in connection with any such loss, claim,
damage, liability or action as such expenses are incurred.

        (c)     Promptly after receipt by an indemnified party under this
Section 8 of notice of any claim or the commencement of any action, the
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying party pursuant to Section 8(a) or 8(b), notify the indemnifying
party in writing of such claim or the commencement of such action; provided,
however, that the failure to notify the indemnifying party shall not relieve it
from any liability which it may have under this Section 8 except to the extent
that the indemnifying party was otherwise unaware of such claim or the
commencement of such action and it has been materially prejudiced (through the
forfeiture of substantive rights or defenses) by such failure; and, provided
further, however, that the failure to notify the indemnifying party shall not
relieve it from any liability which it may have to an indemnified party
otherwise than under this Section 8. If any such claim or action shall be
brought against an indemnified party, and it shall notify the indemnifying party
thereof, the indemnifying party shall be entitled to participate therein and, to
the extent that it wishes, jointly with any other similarly notified
indemnifying party, to assume the defense thereof with counsel reasonably
satisfactory to the indemnified party. After notice from the indemnifying party
to the indemnified party of its election to assume the defense of such claim or
action, the indemnifying party shall not be liable to the indemnified party
under this Section 8 for any legal or other expenses subsequently incurred by
the indemnified party in connection with the defense thereof other than
reasonable costs of investigation; provided, however, that an indemnified party
shall have the right to employ its own counsel in any such action, but the fees,
expenses and other charges of such counsel for the indemnified party will be at
the expense of such indemnified party unless (1) the employment of counsel by
the indemnified party has been authorized in writing by the indemnifying party,
(2) the indemnified party has reasonably concluded (based upon advice of counsel
to the indemnified party) that there may be legal defenses available to it or
other indemnified parties that are different from or in addition to those
available to the indemnifying party, (3) a conflict or potential conflict exists
(based upon advice of counsel to the indemnified party) between the indemnified
party and the indemnifying party (in which case the indemnifying party will not
have the right to direct the defense of such action on behalf of the indemnified
party) or (4) the

<PAGE>

                                      -30-

indemnifying party has not in fact employed counsel reasonably satisfactory to
the indemnified party to assume the defense of such action within a reasonable
time after receiving notice of the commencement of the action, in each of which
cases the reasonable fees, disbursements and other charges of counsel will be at
the expense of the indemnifying party or parties. It is understood that the
indemnifying party or parties shall not, in connection with any proceeding or
related proceedings in the same jurisdiction, be liable for the reasonable fees,
disbursements and other charges of more than one separate firm of attorneys (in
addition to any local counsel) at any one time for all such indemnified party or
parties. Each indemnified party, as a condition of the indemnity agreements
contained in Sections 8(a) and 8(b), shall use all reasonable efforts to
cooperate with the indemnifying party in the defense of any such action or
claim. No indemnifying party shall be liable for any settlement of any such
action effected without its written consent (which consent shall not be
unreasonably withheld), but if settled with its written consent or if there be a
final judgment for the plaintiff in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment. No indemnifying
party shall, without the prior written consent of the indemnified party (which
consent shall not be unreasonably withheld), effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or
could have been a party and indemnity could have been sought hereunder by such
indemnified party unless such settlement includes an unconditional release of
such indemnified party in form and substance satisfactory to such indemnified
party from all liability on claims that are the subject matter of such
proceeding.

        The obligations of the Issuers and the Initial Purchaser in this Section
8 and in Section 9 are in addition to any other liability that the Issuers or
the Initial Purchaser, as the case may be, may otherwise have, including in
respect of any breaches of representations, warranties and agreements made
herein by any such party.

        9.      Contribution. If the indemnification provided for in Section 8
is unavailable or insufficient to hold harmless an indemnified party under
Section 8(a) or 8(b), then each indemnifying party shall, in lieu of
indemnifying such indemnified party, contribute to the amount paid or payable by
such indemnified party as a result of such loss, claim, damage or liability, or
action in respect thereof, (i) in such proportion as shall be appropriate to
reflect the relative benefits received by the Issuers on the one hand and the
Initial Purchaser on the other from the offering of the Securities or (ii) if
the allocation provided by clause (i) above is not permitted by applicable law,
in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of the Issuers on
the one hand and the Initial Purchaser on the other with respect to the
statements or omissions that resulted in such loss, claim, damage or liability,
or action in respect thereof, as well as any other relevant equitable
considerations. The relative benefits received by the Issuers on the one hand
and the Initial Purchaser on the other with respect to such offering shall be

<PAGE>

                                      -31-

deemed to be in the same proportion as the total net proceeds from the offering
of the Securities purchased under this Agreement (before deducting expenses)
received by or on behalf of the Issuers, on the one hand, and the total
discounts and commissions received by the Initial Purchaser with respect to the
Securities purchased under this Agreement, on the other, bear to the total gross
proceeds from the sale of the Securities under this Agreement. The relative
fault shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to the Issuers or information supplied
by the Issuers on the one hand or to any Initial Purchaser's Information on the
other, the intent of the parties and their relative knowledge, access to
information and opportunity to correct or prevent such untrue statement or
omission. The Issuers and the Initial Purchaser agree that it would not be just
and equitable if contributions pursuant to this Section 9 were to be determined
by pro rata allocation or by any other method of allocation that does not take
into account the equitable considerations referred to herein. The amount paid or
payable by an indemnified party as a result of the loss, claim, damage or
liability, or action in respect thereof, referred to above in this Section 9
shall be deemed to include, for purposes of this Section 9, any legal or other
expenses reasonably incurred by such indemnified party in connection with
investigating, preparing to defend or defending any such action or claim.
Notwithstanding the provisions of this Section 9, the Initial Purchaser shall
not be required to contribute any amount in excess of the amount by which the
total discounts and commissions received by the Initial Purchaser with respect
to the Securities purchased by it under this Agreement exceeds the amount of any
damages which the Initial Purchaser has otherwise paid or become liable to pay
by reason of any untrue or alleged untrue statement or omission or alleged
omission. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation.

        10.     Persons Entitled to Benefit of Agreement. This Agreement shall
inure to the benefit of and be binding upon the Initial Purchaser and the
Issuers and their respective successors. This Agreement and the terms and
provisions hereof are for the sole benefit of only those persons, except as
provided in Sections 8 and 9 with respect to affiliates, officers, directors,
employees, representatives, partners, agents and controlling persons of the
Issuers and the Initial Purchaser and affiliates of the Initial Purchaser and in
Section 4(e) with respect to holders and prospective purchasers of the
Securities. Nothing in this Agreement is intended or shall be construed to give
any person, other than the persons referred to in this Section 10, any legal or
equitable right, remedy or claim under or in respect of this Agreement or any
provision contained herein.

        11.     Expenses. Whether or not the transactions contemplated by this
Agreement are consummated or this Agreement is terminated, the Issuers agree
with the Initial Purchaser to pay (a) the costs incident to the authorization,
issuance, sale, preparation and delivery of the Securities and any taxes payable
in that connection; (b) the costs incident to the preparation, printing and
distribution of the Preliminary Offering Memorandum and the

<PAGE>

                                      -32-

Final Offering Memorandum and any amendments or supplements thereto; (c) the
costs of reproducing and distributing each of the Transaction Documents; (d) the
costs incident to the preparation, printing and delivery of the certificates
evidencing the Securities, including stamp duties and transfer taxes, if any,
payable upon issuance of the Securities; (e) the fees and expenses of the
Issuers' counsel and independent accountants; (f) the fees and expenses of
qualifying the Securities under the securities laws of the several jurisdictions
as provided in Section 4(g) and of preparing, printing and distributing Blue Sky
Memoranda (including related fees and expenses of counsel for the Initial
Purchaser in an amount not to exceed $10,000); (g) any fees charged by rating
agencies for rating the Securities; (h) the fees and expenses of the Trustee and
any paying agent (including related fees and expenses of any counsel to such
parties); (i) all expenses and application fees incurred in connection with the
application for the inclusion of the Securities on the PORTAL Market and the
approval of the Securities for book-entry transfer by DTC; and (j) all other
costs and expenses incident to the performance of the obligations of the Issuers
under this Agreement which are not otherwise specifically provided for in this
Section 11; provided, however, that except as provided in this Section 11 and
Section 7, the Initial Purchaser shall pay its own costs and expenses (including
the costs and expenses of its counsel).

        12.     Survival. The respective indemnities, rights of contribution,
representations, warranties and agreements of the Issuers and the Initial
Purchaser contained in this Agreement or any certificates delivered pursuant
hereto made by or on behalf of the Issuers or the Initial Purchaser pursuant to
this Agreement shall survive the delivery of and payment for the Securities and
shall remain in full force and effect, regardless of any termination or
cancellation of this Agreement or any investigation made by or on behalf of any
of them.

        13.     Notices, etc. All statements, requests, notices and agreements
hereunder shall be in writing, and:

        (a)     if to the Initial Purchaser, shall be delivered or sent by mail
    or telecopy transmission to J.P. Morgan Securities Inc., 270 Park Avenue,
    New York, New York 10017, Attention: James P. Casey (telecopier no.: (212)
    270-1063); or

        (b)     if to the Issuers, shall be delivered or sent by mail or
    telecopy transmission to the address of the Issuers at Cooperative
    Computing, Inc., 804 Las Cimas Parkway, Suite 200, Austin, Texas 78746,
    Attention: Michael Aviles (telecopier no: (512) 330-9273), with a copy to
    Hicks, Muse, Tate & Furst Incorporated, 200 Crescent Court, Suite 1600,
    Dallas, Texas 75201, Attention: Peter Brodsky (telecopier no: (214)
    740-7888);

Any such statements, requests, notices or agreements shall take effect at the
time of receipt thereof. The Issuers shall be entitled to act and rely upon any
request, consent, notice or agreement given or made by the Initial Purchaser.

<PAGE>

                                      -33-

        14.     Definition of Terms. For purposes of this Agreement, (a) the
term "business day" means any day on which the New York Stock Exchange, Inc. is
open for trading, (b) the term "subsidiary" has the meaning set forth in Rule
405 under the Securities Act and (c) except where otherwise expressly provided,
the term "affiliate" has the meaning set forth in Rule 405 under the Securities
Act.

        15.     Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York without regard to the
conflicts of law provisions thereof to the extent the application of the laws of
another jurisdiction would be required thereby.

        16.     Counterparts. This Agreement may be executed in one or more
counterparts (which may include counterparts delivered by telecopier) and, if
executed in more than one counterpart, the executed counterparts shall each be
deemed to be an original, but all such counterparts shall together constitute
one and the same instrument.

        17.     Amendments. No amendment or waiver of any provision of this
Agreement, nor any consent or approval to any departure therefrom, shall in any
event be effective unless the same shall be in writing and signed by the parties
hereto.

        18.     Headings. The headings herein are inserted for convenience of
reference only and are not intended to be part of, or to affect the meaning or
interpretation of, this Agreement.

                  [Remainder of page intentionally left blank]

<PAGE>
                                      S-1

        If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to us a counterpart hereof, whereupon this
instrument will become a binding agreement between the Issuers and the Initial
Purchaser in accordance with its terms.

                                         Very truly yours,

                                         COOPERATIVE COMPUTING, INC.

                                         By: __________________________________
                                             Name:
                                             Title:

                                         TRIAD SYSTEMS FINANCIAL
                                          CORPORATION
                                         TRIAD DATA CORPORATION
                                         CCI/TRIAD GEM, INC.
                                         TRIAD SYSTEMS CORPORATION
                                         CCI/ARD, INC.

                                         By: __________________________________
                                             Name:
                                             Title:

<PAGE>
                                      S-2

Accepted by:

J.P. MORGAN SECURITIES INC.

By:  _____________________________________
            Authorized Signatory

<PAGE>
                                      S-1

                                                                      SCHEDULE I

Guarantors
----------------------------------------------------------

Triad Systems Financial Corporation (CA)
Triad Data Corporation (CA)
CCI/Triad GEM, Inc. (TX)
Triad Systems Corporation (DE)
CCI/ARD, Inc. (DE)

<PAGE>

                                                                     SCHEDULE II

Applicable Jurisdiction for Good Standing Certificates
----------------------------------------------------------

Alabama
California
Colorado
Georgia
Illinois
North Carolina
New York
Ohio
Texas
Virginia

<PAGE>

                                                                         ANNEX A

                     [Form of Registration Rights Agreement]

<PAGE>

                                                                         ANNEX B

                 [Form of Opinion of Weil, Gotshal & Manges LLP]<PAGE>

                                                                   Exhibit 10.45

                           COOPERATIVE COMPUTING, INC.

                                  $157,000,000

                          10 1/2% Senior Notes due 2011

                   EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                                                   June 27, 2003

J. P. MORGAN SECURITIES INC.
270 Park Avenue,
5th Floor New York, New York 10017

Ladies and Gentlemen:

        Cooperative Computing, Inc., a Delaware corporation (the "Company"),
proposes to issue and sell to J.P. Morgan Securities Inc. (the "Initial
Purchaser"), upon the terms and subject to the conditions set forth in a
purchase agreement dated June 13, 2003 (the "Purchase Agreement") between the
Company, the Guarantors identified on the signature pages hereto (together with
the Company, the "Issuers") and the Initial Purchaser, $157,000,000 aggregate
principal amount of its 10 1/2% Senior Notes due 2011 (the "Notes"). The Notes
will be guaranteed on an unsecured senior basis (the "Guarantees" and, together
with the Notes, the "Securities") by the Guarantors. Capitalized terms used but
not defined herein shall have the meanings given to such terms in the Purchase
Agreement.

        As an inducement to the Initial Purchaser to enter into the Purchase
Agreement and in satisfaction of a condition to the obligations of the Initial
Purchaser thereunder, the Issuers agree with the Initial Purchaser, for the
benefit of the holders (including the Initial Purchaser) of the Securities, the
Exchange Securities (as defined herein) and the Private Exchange Securities (as
defined herein) (collectively, the "Holders"), as follows:

        1.      Registered Exchange Offer. The Issuers shall (i) use their
reasonable best efforts to prepare and, not later than 90 days following the
date of original issuance of the Securities (the "Issue Date"), file with the
Commission a registration statement (the "Exchange Offer Registration
Statement") on an appropriate form under the Securities Act with respect to a
proposed offer to the Holders of the Securities (the "Registered Exchange
Offer") to issue and deliver to such Holders, in exchange for the Securities, a
like aggregate principal amount of debt securities of the Company that are
identical in all material respects to the Notes and are unconditionally
guaranteed by the Guarantors (the "Exchange Securities"), except

<PAGE>

                                       -2-

that the Exchange Securities will not contain terms with respect to transfer
restrictions, (ii) use their reasonable best efforts to cause the Exchange Offer
Registration Statement to become effective under the Securities Act no later
than 180 days after the Issue Date and the Registered Exchange Offer to be
consummated no later than 225 days after the Issue Date and (iii) keep the
Exchange Offer Registration Statement effective for not less than 20 business
days (or longer, if required by applicable law) after the date on which notice
of the Registered Exchange Offer is mailed to the Holders (such period being
called the "Exchange Offer Registration Period"). The Exchange Securities will
be issued under the Indenture or an indenture (the "Exchange Securities
Indenture") between the Company, the Guarantors party thereto and the Trustee or
such other bank or trust company that is reasonably satisfactory to the Initial
Purchaser, as trustee (the "Exchange Securities Trustee"), such indenture to be
identical in all material respects to the Indenture, except with respect to the
transfer restrictions relating to the Securities (as described above).

        Upon the effectiveness of the Exchange Offer Registration Statement, the
Issuers shall as soon as practicable commence the Registered Exchange Offer, it
being the objective of such Registered Exchange Offer to enable each Holder
electing to exchange Securities for Exchange Securities (assuming that such
Holder (a) is not an affiliate (as defined in Rule 405 under the Securities Act)
of the Issuers or an Exchanging Dealer (as defined herein) not complying with
the requirements of the next sentence, (b) is not the Initial Purchaser holding
Securities that have, or that are reasonably likely to have, the status of an
unsold allotment in an initial distribution, (c) acquires the Exchange
Securities in the ordinary course of such Holder's business, and (d) has no
arrangements or understandings with any person to participate in the
distribution of the Exchange Securities) and to trade such Exchange Securities
from and after their receipt without any limitations or restrictions under the
Securities Act and without material restrictions under the securities laws of
the several states of the United States. Each Issuer, the Initial Purchaser and
each Exchanging Dealer acknowledges that, pursuant to current interpretations by
the Commission's staff of Section 5 of the Securities Act, (i) each Holder that
is a broker-dealer electing to exchange Securities acquired for its own account
as a result of market-making activities or other trading activities for Exchange
Securities (an "Exchanging Dealer") is required to deliver a prospectus
containing substantially the information set forth in Annex A hereto on the
cover of such prospectus, in Annex B hereto in the "Exchange Offer Procedures"
and "Purpose of the Exchange Offer" sections of such prospectus, and in Annex C
hereto in the "Plan of Distribution" section of such prospectus in connection
with a sale of any such Exchange Securities received by such Exchanging Dealer
pursuant to the Registered Exchange Offer and (ii) if the Initial Purchaser
elects to sell Private Exchange Securities (as defined below) acquired in
exchange for Securities constituting any portion of an unsold allotment, it is
required to deliver a prospectus containing the information required by Items
507 and 508 of Regulation S-K under the Securities Act and the Exchange Act
("Regulation S-K"), as applicable, in connection with such sale.

<PAGE>

                                       -3-

        Upon consummation of the Registered Exchange Offer in accordance with
this Section 1, the provisions of this Agreement shall continue to apply,
mutatis mutandis, solely with respect to Transfer Restricted Securities (as
defined) that are Private Exchange Securities, Exchange Securities as to which
clause (v) of the first paragraph of Section 2 is applicable and Exchange
Securities held by Exchanging Dealers, and the Issuers shall have no further
obligations to register Transfer Restricted Securities (other than Private
Exchange Securities and other than in respect of any Exchange Securities as to
which clause (v) of the first paragraph of Section 2 hereof applies) pursuant to
Section 2 hereof.

        If, prior to the consummation of the Registered Exchange Offer, any
Holder holds any Securities acquired by it that have, or that are reasonably
likely to be determined to have, the status of an unsold allotment in an initial
distribution, or any Holder is not entitled to participate in the Registered
Exchange Offer, the Issuers shall, upon the request of any such Holder,
simultaneously with the delivery of the Exchange Securities in the Registered
Exchange Offer, issue and deliver to any such Holder, in exchange for the
Securities held by such Holder (the "Private Exchange"), a like aggregate
principal amount of debt securities of the Company and the Guarantors that are
identical in all material respects to the Exchange Securities (the "Private
Exchange Securities"), except with respect to the transfer restrictions relating
to such Private Exchange Securities. The Private Exchange Securities will be
issued under the same indenture as the Exchange Securities, and the Company
shall use its reasonable best efforts to cause the Private Exchange Securities
to bear the same CUSIP number as the Exchange Securities.

        In connection with the Registered Exchange Offer, the Issuers shall:

        (a)     mail to each Holder a copy of the prospectus forming part of the
    Exchange Offer Registration Statement, together with an appropriate letter
    of transmittal and related documents;

        (b)     keep the Registered Exchange Offer open for not less than 20
    business days (or longer, if required by applicable law) after the date on
    which notice of the Registered Exchange Offer is mailed to the Holders;

        (c)     utilize the services of a depositary for the Registered Exchange
    Offer with an address in the Borough of Manhattan, The City of New York;

        (d)     permit Holders to withdraw tendered Securities at any time prior
    to the close of business, New York City time, on the last business day on
    which the Registered Exchange Offer shall remain open; and

        (e)     otherwise comply in all respects with all laws that are
    applicable to the Registered Exchange Offer.

<PAGE>

                                       -4-

        As soon as practicable after the close of the Registered Exchange Offer
and any Private Exchange, as the case may be, the Issuers shall:

        (a)     accept for exchange all Securities tendered and not validly
    withdrawn pursuant to the Registered Exchange Offer and the Private Exchange
    Offer;

        (b)     deliver to the Trustee for cancellation all Securities so
    accepted for exchange; and

        (c)     cause the Trustee or the Exchange Securities Trustee, as the
    case may be, promptly to authenticate and deliver to each Holder, Exchange
    Securities or Private Exchange Securities, as the case may be, equal in
    principal amount to the Securities of such Holder so accepted for exchange.

        The Issuers shall use their reasonable best efforts to keep the Exchange
Offer Registration Statement effective and to amend and supplement the
prospectus contained therein in order to permit such prospectus to be used by
all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided that the Issuers shall make
such prospectus and any amendment or supplement thereto available to any
broker-dealer for use in connection with any resale of any Exchange Securities
for a period of 90 days after the consummation of the Registered Exchange Offer.

        The Indenture or the Exchange Securities Indenture, as the case may be,
shall provide that the Securities, the Exchange Securities and the Private
Exchange Securities shall vote and consent together on all matters as one class
and that none of the Securities, the Exchange Securities or the Private Exchange
Securities will have the right to vote or consent as a separate class on any
matter.

        Interest on each Exchange Security and Private Exchange Security issued
pursuant to the Registered Exchange Offer and in the Private Exchange will
accrue from the last interest payment date on which interest was paid on the
Securities surrendered in exchange therefor or, if no interest has been paid on
the Securities, from the Issue Date.

        Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Issuers that at the time of the consummation of the
Registered Exchange Offer (i) any Exchange Securities received by such Holder
will be acquired in the ordinary course of business, (ii) such Holder will have
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act and (iii) such Holder is not an affiliate (as defined in Rule
405 under the Securities Act) of any of the Issuers or, if it is such an
affiliate, such Holder will comply with the registration and prospectus delivery
requirements of the Securities Act to the extent applicable.

<PAGE>

                                       -5-

        Notwithstanding any other provisions hereof, each of the Issuers will
ensure that (i) any Exchange Offer Registration Statement and any amendment
thereto and any prospectus forming part thereof and any supplement thereto
complies in all material respects with the Securities Act and the rules and
regulations of the Commission thereunder, (ii) any Exchange Offer Registration
Statement and any amendment thereto does not, when it becomes effective, contain
an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein not misleading,
and (iii) any prospectus forming part of any Exchange Offer Registration
Statement, and any supplement to such prospectus, does not, as of the
consummation of the Registered Exchange Offer, include an untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading.

        2.      Shelf Registration. If (i) because of any change in law or
applicable interpretations thereof by the Commission's staff the Issuers are not
permitted to effect the Registered Exchange Offer as contemplated by Section 1
hereof, or (ii) any Securities validly tendered pursuant to the Registered
Exchange Offer are not exchanged for Exchange Securities within 225 days after
the Issue Date, or (iii) any Initial Purchaser so requests in writing within 90
days after the Registered Exchange Offer with respect to Private Exchange
Securities, or (iv) any applicable law or interpretations do not permit any
Holder to participate in the Registered Exchange Offer, or (v) any Holder that
participates in the Registered Exchange Offer does not receive freely
transferable Exchange Securities in exchange for tendered Securities, or (vi)
the Issuers so elect, then the following provisions shall apply:

        (a)     The Issuers shall use their reasonable best efforts to file as
    promptly as practicable (but in no event more than 90 days after so required
    or requested, in each case pursuant to this Section 2) with the Commission,
    and thereafter shall use their reasonable best efforts to cause to be
    declared effective, a shelf registration statement on an appropriate form
    under the Securities Act relating to the offer and sale of the Transfer
    Restricted Securities by the Holders thereof from time to time in accordance
    with the methods of distribution set forth in such registration statement
    (hereafter, a "Shelf Registration Statement" and, together with any Exchange
    Offer Registration Statement, a "Registration Statement"); provided,
    however, that no Holder of Securities or Exchange Securities (other than the
    Initial Purchaser) shall be entitled to have Securities or Exchange
    Securities held by it covered by such Shelf Registration Statement, unless
    such Holder agrees in writing to be bound by all of the provisions of this
    Agreement applicable to such Holder.

        (b)     The Issuers shall use their reasonable best efforts to keep the
    Shelf Registration Statement continuously effective in order to permit the
    prospectus forming part thereof to be used by Holders of Transfer Restricted
    Securities for a period ending on the earlier of two years from the Issue
    Date or the date on which all the

<PAGE>

                                       -6-

    Transfer Restricted Securities covered by the Shelf Registration Statement
    have been sold pursuant thereto (in any such case, such period being called
    the "Shelf Registration Period"). The Issuers shall be deemed not to have
    used their reasonable best efforts to keep the Shelf Registration Statement
    effective during the requisite period if they voluntarily take any action
    that would result in Holders of Transfer Restricted Securities covered
    thereby not being able to offer and sell such Transfer Restricted Securities
    during that period, unless such action is required by applicable law;
    provided, however, that the foregoing shall not apply to actions taken by
    the Issuers in good faith and for valid business reasons (not including
    avoidance of their obligations hereunder), including, without limitation,
    the acquisition or divestiture of assets, so long as the Issuers within 120
    days thereafter comply with the requirements of Section 4(j) hereof. Any
    such period during which the Issuers fail to keep the Shelf Registration
    Statement effective and usable for offers and sales of Securities and
    Exchange Securities is referred to as a "Suspension Period." A Suspension
    Period shall commence on and include the date that the Issuers give notice
    that the Shelf Registration Statement is no longer effective or the
    prospectus included therein is no longer usable for offers and sales of
    Securities and Exchange Securities and shall end on the date when each
    Holder of Securities and Exchange Securities covered by such registration
    statement either receives the copies of the supplemented or amended
    prospectus contemplated by Section 4(j) hereof or is advised in writing by
    the Issuers that use of the prospectus may be resumed. If one or more
    Suspension Periods occur, the two-year period referenced above shall be
    extended by the aggregate of the number of days included in each Suspension
    Period.

        (c)     Notwithstanding any other provisions hereof, the Issuers will
    ensure that (i) any Shelf Registration Statement and any amendment thereto
    and any prospectus forming part thereof and any supplement thereto complies
    in all material respects with the Securities Act and the rules and
    regulations of the Commission thereunder, (ii) any Shelf Registration
    Statement and any amendment thereto (in either case, other than with respect
    to information included therein in reliance upon or in conformity with
    written information furnished to the Issuers by or on behalf of any Holder
    specifically for use therein (the "Holders' Information")) does not contain
    an untrue statement of a material fact or omit to state a material fact
    required to be stated therein or necessary to make the statements therein
    not misleading and (iii) any prospectus forming part of any Shelf
    Registration Statement, and any supplement to such prospectus (in either
    case, other than with respect to Holders' Information), does not include an
    untrue statement of a material fact or omit to state a material fact
    necessary in order to make the statements therein, in the light of the
    circumstances under which they were made, not misleading.

        3.      Liquidated Damages. (a) The parties hereto agree that the
Holders of Transfer Restricted Securities will suffer damages if the Issuers
fail to fulfill their obligations

<PAGE>

                                       -7-

under Section 1 or Section 2, as applicable, and that it would not be feasible
to ascertain the extent of such damages. Accordingly, if (i) the applicable
Registration Statement is not filed with the Commission on or prior to 90 days
after the Issue Date, (ii) the Exchange Offer Registration Statement or the
Shelf Registration Statement, as the case may be, is not declared effective
within 180 days after the Issue Date (or in the case of a Shelf Registration
Statement required to be filed in response to a change in law or the applicable
interpretations of the Commission's staff, if later, within 45 days after
publication of the change in law or interpretation), (iii) the Registered
Exchange Offer is not consummated on or prior to 225 days after the Issue Date,
or (iv) the Shelf Registration Statement is filed and declared effective within
180 days after the Issue Date (or in the case of a Shelf Registration Statement
required to be filed in response to a change in law or the applicable
interpretations of the Commission's staff, if later, within 45 days after
publication of the change in law or interpretation) but shall thereafter cease
to be effective (at any time that the Issuers are obligated to maintain the
effectiveness thereof) without being succeeded within 60 days by an additional
Registration Statement filed and declared effective (each such event referred to
in clauses (i) through (iv), a "Registration Default"), the Company and the
Guarantors will, jointly and severally, be obligated to pay liquidated damages
to each Holder of Transfer Restricted Securities, during the period of one or
more such Registration Defaults, in an amount equal to $0.10 per week per $1,000
principal amount of Transfer Restricted Securities held by such Holder until (a)
the applicable Registration Statement is filed, (b) the Exchange Offer
Registration Statement is declared effective, (c) the Registered Exchange Offer
is consummated, (d) the Shelf Registration Statement is declared effective, (e)
the Shelf Registration Statement again becomes effective, or (f) the Shelf
Registration Period shall have ended, as the case may be. Following the cure of
all Registration Defaults, the accrual of liquidated damages will cease. As used
herein, the term "Transfer Restricted Securities" means (i) each Security until
the date on which such Security has been exchanged for a freely transferable
Exchange Security in the Registered Exchange Offer, (ii) each Security or
Private Exchange Security until the date on which it has been effectively
registered under the Securities Act and disposed of in accordance with the Shelf
Registration Statement or (iii) each Security or Private Exchange Security until
the date on which it is distributed to the public pursuant to Rule 144 under the
Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act.
Notwithstanding anything to the contrary in this Section 3(a), the Company and
the Guarantors shall not be required to pay liquidated damages to a Holder of
Transfer Restricted Securities if such Holder failed to comply with its
obligations to make the representations set forth in the second to last
paragraph of Section 1 or failed to provide the information required to be
provided by it, if any, pursuant to Section 4(n).

        (b)     The Issuers shall notify the Trustee and the Paying Agent under
the Indenture immediately upon the happening of each and every Registration
Default. The Company and the Guarantors shall, jointly and severally, pay the
liquidated damages due on the Transfer Restricted Securities by depositing with
the Paying Agent (which may not be any of the Issuers for these purposes), in
trust, for the benefit of the Holders thereof, prior to

<PAGE>

                                       -8-

10:00 a.m., New York City time, on the next interest payment date specified by
the Indenture and the Securities, sums sufficient to pay the liquidated damages
then due. The liquidated damages due shall be payable on each interest payment
date specified by the Indenture and the Securities to the Holder of record
entitled to receive the interest payment to be made on such date. Each
obligation to pay liquidated damages shall be deemed to accrue from and
including the date of the applicable Registration Default.

        (c)     The parties hereto agree that the liquidated damages provided
for in this Section 3 constitute a reasonable estimate of and are intended to
constitute the sole damages that will be suffered by Holders of Transfer
Restricted Securities by reason of the failure of (i) the Shelf Registration
Statement or the Exchange Offer Registration Statement to be filed, (ii) the
Shelf Registration Statement to remain effective or (iii) the Exchange Offer
Registration Statement to be declared effective and the Registered Exchange
Offer to be consummated, in each case to the extent required by this Agreement.

        4.      Registration Procedures. In connection with any Registration
Statement, the following provisions shall apply:

        (a)     The Issuers shall (i) furnish to the Initial Purchaser, prior to
    the filing thereof with the Commission, a copy of the Registration Statement
    and each amendment thereof and each supplement, if any, to the prospectus
    included therein and shall use its reasonable best efforts to reflect in
    each such document, when so filed with the Commission, such comments as the
    Initial Purchaser may reasonably propose; (ii) if applicable, include the
    information set forth in Annex A hereto on the cover, in Annex B hereto in
    the "Exchange Offer Procedures" and "Purpose of the Exchange Offer" sections
    and in Annex C hereto in the "Plan of Distribution" section of the
    prospectus forming a part of the Exchange Offer Registration Statement, and
    include the information set forth in Annex D hereto in the Letter of
    Transmittal delivered pursuant to the Registered Exchange Offer; and (iii)
    if requested by the Initial Purchaser, include the information required by
    Items 507 or 508 of Regulation S-K, as applicable, in the prospectus forming
    a part of the Exchange Offer Registration Statement.

        (b)     The Issuers shall advise the Initial Purchaser, each Exchanging
    Dealer and the Holders (if applicable) and, if requested by any such person,
    confirm such advice in writing (which advice pursuant to clauses (ii)-(v)
    hereof shall be accompanied by an instruction to suspend the use of the
    prospectus until the requisite changes have been made):

                (i)     when any Registration Statement and any amendment
        thereto has been filed with the Commission and when such Registration
        Statement or any post-effective amendment thereto has become effective;

<PAGE>

                                       -9-

                (ii)    of any request by the Commission for amendments or
        supplements to any Registration Statement or the prospectus included
        therein or for additional information;

                (iii)   of the issuance by the Commission of any stop order
        suspending the effectiveness of any Registration Statement or the
        initiation of any proceedings for that purpose;

                (iv)    of the receipt by the Issuers of any notification with
        respect to the suspension of the qualification of the Securities, the
        Exchange Securities or the Private Exchange Securities for sale in any
        jurisdiction or the initiation or threatening of any proceeding for such
        purpose; and

                (v)     of the happening of any event that requires the making
        of any changes in any Registration Statement or the prospectus included
        therein in order that the statements therein are not misleading and do
        not omit to state a material fact required to be stated therein or
        necessary to make the statements therein not misleading.

        (c)     The Issuers will make every reasonable effort to obtain the
    withdrawal at the earliest possible time of any order suspending the
    effectiveness of any Registration Statement.

        (d)     The Issuers will furnish to each Holder of Transfer Restricted
    Securities included within the coverage of any Shelf Registration Statement,
    without charge, at least one conformed copy of such Shelf Registration
    Statement and any post-effective amendment thereto, including financial
    statements and schedules and, if any such Holder so requests in writing, all
    exhibits thereto (including those, if any, incorporated by reference).

        (e)     The Issuers will, during the Shelf Registration Period, promptly
    deliver to each Holder of Transfer Restricted Securities included within the
    coverage of any Shelf Registration Statement, without charge, as many copies
    of the prospectus (including each preliminary prospectus) included in such
    Shelf Registration Statement and any amendment or supplement thereto as such
    Holder may reasonably request; and the Issuers consent to the use of such
    prospectus or any amendment or supplement thereto by each of the selling
    Holders of Transfer Restricted Securities in connection with the offer and
    sale of the Transfer Restricted Securities covered by such prospectus or any
    amendment or supplement thereto.

        (f)     The Issuers will furnish to the Initial Purchaser and each
    Exchanging Dealer, and to any other Holder who so requests, without charge,
    at least one conformed copy of the Exchange Offer Registration Statement and
    any post-effective

<PAGE>

                                      -10-

    amendment thereto, including financial statements and schedules and, if the
    Initial Purchaser or any Exchanging Dealer or any such Holder so requests in
    writing, all exhibits thereto (including those, if any, incorporated by
    reference).

        (g)     The Issuers will, during the Exchange Offer Registration Period
    or the Shelf Registration Period, as applicable, promptly deliver to the
    Initial Purchaser, each Exchanging Dealer and such other persons that are
    required to deliver a prospectus following the Registered Exchange Offer,
    without charge, as many copies of the final prospectus included in the
    Exchange Offer Registration Statement or the Shelf Registration Statement
    and any amendment or supplement thereto as the Initial Purchaser, Exchanging
    Dealer or other persons may reasonably request; and the Issuers consent to
    the use of such prospectus or any amendment or supplement thereto by the
    Initial Purchaser, any Exchanging Dealer or other persons, as applicable, as
    aforesaid.

        (h)     Prior to the effective date of any Registration Statement, the
    Issuers will use their reasonable best efforts to register or qualify, or
    cooperate with the Holders of Securities, Exchange Securities or Private
    Exchange Securities included therein and their respective counsel in
    connection with the registration or qualification of, such Securities,
    Exchange Securities or Private Exchange Securities for offer and sale under
    the securities or blue sky laws of such jurisdictions as any such Holder
    reasonably requests in writing and do any and all other acts or things
    necessary or advisable to enable the offer and sale in such jurisdictions of
    the Securities, Exchange Securities or Private Exchange Securities covered
    by such Registration Statement; provided that the Issuers will not be
    required to qualify generally to do business in any jurisdiction where they
    are not then so qualified or to take any action which would subject them to
    general service of process or to taxation in any such jurisdiction where
    they are not then so subject.

        (i)     The Issuers will cooperate with the Holders of Securities,
    Exchange Securities or Private Exchange Securities to facilitate the timely
    preparation and delivery of certificates representing Securities, Exchange
    Securities or Private Exchange Securities to be sold pursuant to any
    Registration Statement free of any restrictive legends and in such
    denominations and registered in such names as the Holders thereof may
    request in writing prior to sales of Securities, Exchange Securities or
    Private Exchange Securities pursuant to such Registration Statement.

        (j)     If (i) any event contemplated by Section 4(b)(ii) through (v)
    occurs during the period for which the Issuers are required to maintain an
    effective Registration Statement, or (ii) any Suspension Period remains in
    effect more than 120 days after the occurrence thereof, the Issuers will
    promptly prepare and file with the Commission a post-effective amendment to
    the Registration Statement or a supplement to the related prospectus or file
    any other required document so that, as thereafter delivered to purchasers
    of the Securities, Exchange Securities or Private Exchange Securities from a

<PAGE>

                                      -11-

    Holder, the prospectus will not include an untrue statement of a material
    fact or omit to state a material fact necessary in order to make the
    statements therein, in the light of the circumstances under which they were
    made, not misleading.

        (k)     Not later than the effective date of the applicable Registration
    Statement, the Issuers will provide a CUSIP number for the Securities, the
    Exchange Securities and the Private Exchange Securities, as the case may be,
    and provide the applicable trustee with printed certificates for the
    Securities, the Exchange Securities or the Private Exchange Securities, as
    the case may be, in a form eligible for deposit with The Depository Trust
    Company.

        (l)     Each of the Issuers will comply with all applicable rules and
    regulations of the Commission and will make generally available to its
    security holders as soon as practicable after the effective date of the
    applicable Registration Statement an earnings statement satisfying the
    provisions of Section 11(a) of the Securities Act; provided that in no event
    shall such earnings statement be delivered later than 45 days after the end
    of a 12-month period (or 90 days, if such period is a fiscal year) beginning
    with the first month of such Issuer's first fiscal quarter commencing after
    the effective date of the applicable Registration Statement, which statement
    shall cover such 12-month period.

        (m)     The Issuers will cause the Indenture or the Exchange Securities
    Indenture, as the case may be, to be qualified under the Trust Indenture Act
    as required by applicable law in a timely manner.

        (n)     The Issuers may require each Holder of Transfer Restricted
    Securities to be registered pursuant to any Shelf Registration Statement to
    furnish to the Issuers such information concerning the Holder and the
    distribution of such Transfer Restricted Securities as the Issuers may from
    time to time reasonably require for inclusion in such Shelf Registration
    Statement, and the Issuers may exclude from such registration the Transfer
    Restricted Securities of any Holder that fails to furnish such information
    within a reasonable time after receiving such request.

        (o) In the case of a Shelf Registration Statement, each Holder of
    Transfer Restricted Securities to be registered pursuant thereto agrees by
    acquisition of such Transfer Restricted Securities that, upon receipt of any
    notice from the Issuers (i) of a Suspension Period under Section 2(b) hereof
    or (ii) pursuant to Section 4(b)(ii) through (v) hereof, such Holder will
    discontinue disposition of such Transfer Restricted Securities until such
    Holder's receipt of (x) notice that the Suspension Period has ended or (y)
    copies of the supplemental or amended prospectus contemplated by Section
    4(j) hereof, as the case may be, or until advised in writing (the "Advice")
    by the Issuers that the use of the applicable prospectus may be resumed. If
    the Issuers shall give any notice under Section 4(b)(ii) through (v) during
    the period that the Issuers

<PAGE>

                                      -12-

    are required to maintain an effective Registration Statement (the
    "Effectiveness Period"), such Effectiveness Period shall be extended by the
    number of days during such period from and including the date of the giving
    of such notice to and including the date when each seller of Transfer
    Restricted Securities covered by such Registration Statement shall have
    received (x) the copies of the supplemental or amended prospectus
    contemplated by Section 4(j) (if an amended or supplemental prospectus is
    required) or (y) the Advice (if no amended or supplemental prospectus is
    required).

        (p)     In the case of a Shelf Registration Statement, the Issuers shall
    enter into such customary agreements (including, if requested, an
    underwriting agreement in customary form) and take all such other action, if
    any, as Holders of a majority in aggregate principal amount of the
    Securities, Exchange Securities and Private Exchange Securities being sold
    or the managing underwriters (if any) shall reasonably request in order to
    facilitate any disposition of Securities, Exchange Securities or Private
    Exchange Securities pursuant to such Shelf Registration Statement.

        (q)     In the case of a Shelf Registration Statement, the Issuers shall
    (i) make reasonably available for inspection by a representative of, and
    Special Counsel (as defined below) acting for, Holders of a majority in
    aggregate principal amount of the Securities, Exchange Securities and
    Private Exchange Securities being sold and any underwriter participating in
    any disposition of Securities, Exchange Securities or Private Exchange
    Securities pursuant to such Shelf Registration Statement, all relevant
    financial and other records, pertinent corporate documents and properties of
    the Issuers and their respective subsidiaries and (ii) use their reasonable
    best efforts to have their officers, directors, employees, accountants and
    counsel supply all relevant information reasonably requested by such
    representative, Special Counsel or any such underwriter (an "Inspector") in
    connection with such Shelf Registration Statement; provided that the
    Inspectors shall first agree in writing with the Company that any
    information that is reasonably designated by the Company as confidential at
    the time of delivery of such information shall be kept confidential by such
    persons and shall be used solely for the purposes of exercising rights under
    this Agreement, unless (i) disclosure of such information is required by
    court or administrative order or is necessary to respond to inquiries of
    regulatory authorities, (ii) disclosure of such information is required by
    law (including any disclosure requirements pursuant to federal securities
    laws in connection with the filing of any Registration Statement or the use
    of any prospectus referred to in this Agreement), (iii) such information
    becomes generally available to the public other than as a result of a
    disclosure or failure to safeguard by any such person, (iv) such information
    becomes available to any such person from a source other than the Issuers
    and such source is not bound by a confidentiality agreement, or (v) such
    information relates to the U.S. federal income tax treatment or U.S. federal
    income tax structure of the Transactions or materials of any kind relating
    to such tax treatment or tax structure, including opinions or other tax
    analyses. Any person

<PAGE>

                                      -13-

    legally compelled to disclose any such confidential information made
    available for inspection shall provide the Company with prompt prior written
    notice of such requirement so that the Company may seek a protective order
    or other appropriate remedy.

        (r)     In the case of a Shelf Registration Statement, the Issuers
    shall, if requested by Holders of a majority in aggregate principal amount
    of the Securities, Exchange Securities and Private Exchange Securities being
    sold, their Special Counsel or the managing underwriters (if any) in
    connection with such Shelf Registration Statement, use their reasonable best
    efforts to cause (i) their counsel to deliver an opinion relating to the
    Shelf Registration Statement and the Securities, Exchange Securities or
    Private Exchange Securities, as applicable, in customary form and (ii) their
    officers to execute and deliver all customary documents and certificates
    requested by Holders of a majority in aggregate principal amount of the
    Securities, Exchange Securities and Private Exchange Securities being sold,
    their Special Counsel or the managing underwriters (if any). In addition, in
    the case of a Shelf Registration Statement, the Issuers shall, if requested
    by Holders of a majority in aggregate principal amount of the Securities,
    Exchange Securities and Private Exchange Securities being sold, their
    Special Counsel, or the managing underwriters (if any) in connection with
    such Shelf Registration Statement, but only if the registration is an
    underwritten registration, use their reasonable best efforts to cause their
    independent public accountants to provide a comfort letter or letters in
    customary form, subject to receipt of appropriate documentation as
    contemplated, and only if permitted, by Statement of Auditing Standards No.
    72.

        5.      Registration Expenses. The Issuers will, jointly and severally,
bear all expenses (other than any underwriters discounts or commissions in
connection with the distribution of the Securities, Exchange Securities or
Private Exchange Securities) incurred in connection with the performance of
their obligations under Sections 1, 2, 3 and 4 and the Issuers will, jointly and
severally, reimburse the Initial Purchaser and the Holders for the reasonable
fees and disbursements of one firm of attorneys (in addition to any local
counsel) chosen by the Holders of a majority in aggregate principal amount of
the Securities, the Exchange Securities and the Private Exchange Securities to
be sold pursuant to each Registration Statement (the "Special Counsel") acting
for the Initial Purchaser or Holders in connection therewith.

        6.      Indemnification. (a) In the event of a Shelf Registration
Statement or in connection with any prospectus delivery pursuant to an Exchange
Offer Registration Statement by the Initial Purchaser or an Exchanging Dealer,
as applicable, the Issuers shall, jointly and severally, indemnify and hold
harmless each Holder (including, without limitation, the Initial Purchaser or
any Exchanging Dealer), its affiliates, each person who controls such Holder or
such affiliates within the meaning of the Securities Act or Exchange Act and
their respective officers, directors, employees, representatives and agents
(collectively referred to for purposes of this Section 6 and Section 7 as a
"Holder") from and against any loss, claim,

<PAGE>

                                      -14-

damage or liability, joint or several, or any action in respect thereof
(including, without limitation, any loss, claim, damage, liability or action
relating to purchases and sales of Securities, Exchange Securities or Private
Exchange Securities), to which that Holder may become subject, whether commenced
or threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon, (i)
any untrue statement or alleged untrue statement of a material fact contained in
any such Registration Statement or any prospectus forming part thereof or in any
amendment or supplement thereto or (ii) the omission or alleged omission to
state therein a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under
which they were made, not misleading, and shall, jointly and severally,
reimburse each Holder promptly upon demand for any legal or other expenses
reasonably incurred by that Holder in connection with investigating or defending
or preparing to defend against or appearing as a third party witness in
connection with any such loss, claim, damage, liability or action as such
expenses are incurred; provided, however, that the Issuers shall not be liable
in any such case to the extent that any such loss, claim, damage, liability or
action arises out of, or is based upon, an untrue statement or alleged untrue
statement in or omission or alleged omission from any of such documents in
reliance upon and in conformity with any Holders' Information; and provided
further, however, that with respect to any such untrue statement in or omission
from any related preliminary prospectus (as amended or supplemented) or, if
amended or supplemented, any related final prospectus (excluding the correcting
amendment or supplement), the indemnity agreement contained in this Section 6(a)
shall not inure to the benefit of any such Holder from whom the person asserting
any such loss, claim, damage, liability or action received Securities, Exchange
Securities or Private Exchange Securities to the extent that such loss, claim,
damage, liability or action of or with respect to such Holder results from the
fact that both (A) a copy of the final prospectus (together with any correcting
amendments or supplements) was not sent or given to such person at or prior to
the written confirmation of the sale of such Securities, Exchange Securities or
Private Exchange Securities to such person and (B) the untrue statement in or
omission from any related preliminary prospectus (as amended or supplemented)
or, if amended or supplemented, any related final prospectus (excluding the
correcting amendment or supplement) was corrected in the final prospectus or, if
applicable, an amendment or supplement thereto and the final prospectus (as
amended or supplemented) does not contain any other untrue statement or omission
or alleged untrue statement or omission of a material fact unless, in either
case, such failure to deliver the final prospectus was a result of
non-compliance by the Issuers with Sections 4(d), 4(f) or 4(g).

        (b)     In the event of a Shelf Registration Statement, each Holder,
severally and not jointly, shall indemnify and hold harmless the Issuers, their
respective affiliates, each person who controls any such Issuer or any such
affiliates within the meaning of the Securities Act or Exchange Act and their
respective officers, directors, employees, representatives and agents
(collectively referred to for purposes of this Section 6(b) and Section 7 as the
"Issuers"), from and against any loss, claim, damage or liability, joint or
several, or any action in

<PAGE>

                                      -15-

respect thereof, to which the Issuers may become subject, whether commenced or
threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon, (i)
any untrue statement or alleged untrue statement of a material fact contained in
any such Registration Statement or any prospectus forming part thereof or in any
amendment or supplement thereto or (ii) the omission or alleged omission to
state therein a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under
which they were made, not misleading, but in each case only to the extent that
the untrue statement or alleged untrue statement or omission or alleged omission
was made in reliance upon and in conformity with any Holders' Information
furnished to the Issuers by such Holder, and shall reimburse the Issuers for any
legal or other expenses reasonably incurred by the Issuers in connection with
investigating or defending or preparing to defend against or appearing as a
third party witness in connection with any such loss, claim, damage, liability
or action as such expenses are incurred; provided, however, that no such Holder
shall be liable for any indemnity claims hereunder in excess of the amount of
net proceeds received by such Holder from the sale of Securities, Exchange
Securities or Private Exchange Securities pursuant to such Shelf Registration
Statement.

        (c)     Promptly after receipt by an indemnified party under this
Section 6 of notice of any claim or the commencement of any action, the
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying party pursuant to Section 6(a) or 6(b), notify the indemnifying
party in writing of the claim or the commencement of that action; provided,
however, that the failure to notify the indemnifying party shall not relieve it
from any liability which it may have under this Section 6 except to the extent
that it has been materially prejudiced by such failure; and provided further,
however, that the failure to notify the indemnifying party shall not relieve it
from any liability which it may have to an indemnified party otherwise than
under this Section 6. If any such claim or action shall be brought against an
indemnified party, and it shall notify the indemnifying party thereof, the
indemnifying party shall be entitled to participate therein and, to the extent
that it wishes, jointly with any other similarly notified indemnifying party, to
assume the defense thereof with counsel reasonably satisfactory to the
indemnified party. After notice from the indemnifying party to the indemnified
party of its election to assume the defense of such claim or action, the
indemnifying party shall not be liable to the indemnified party under this
Section 6 for any legal or other expenses subsequently incurred by the
indemnified party in connection with the defense thereof other than the
reasonable costs of investigation; provided, however, that an indemnified party
shall have the right to employ its own counsel in any such action, but the fees,
expenses and other charges of such counsel for the indemnified party will be at
the expense of such indemnified party unless (1) the employment of counsel by
the indemnified party has been authorized in writing by the indemnifying party,
(2) the indemnified party has reasonably concluded (based

<PAGE>

                                      -16-

upon advice of counsel to the indemnified party) that there may be legal
defenses available to it or other indemnified parties that are different from or
in addition to those available to the indemnifying party, (3) a conflict or
potential conflict exists (based upon advice of counsel to the indemnified
party) between the indemnified party and the indemnifying party (in which case
the indemnifying party will not have the right to direct the defense of such
action on behalf of the indemnified party) or (4) the indemnifying party has not
in fact employed counsel reasonably satisfactory to the indemnified party to
assume the defense of such action within a reasonable time after receiving
notice of the commencement of the action, in each of which cases the reasonable
fees, disbursements and other charges of counsel will be at the expense of the
indemnifying party or parties. It is understood that the indemnifying party or
parties shall not, in connection with any proceeding or related proceedings in
the same jurisdiction, be liable for the reasonable fees, disbursements and
other charges of more than one separate firm of attorneys (in addition to any
local counsel) at any one time for all such indemnified party or parties. Each
indemnified party, as a condition of the indemnity agreements contained in
Sections 6(a) and 6(b), shall use all reasonable efforts to cooperate with the
indemnifying party in the defense of any such action or claim. No indemnifying
party shall be liable for any settlement of any such action effected without its
written consent (which consent shall not be unreasonably withheld), but if
settled with its written consent or if there be a final judgment for the
plaintiff in any such action, the indemnifying party agrees to indemnify and
hold harmless any indemnified party from and against any loss or liability by
reason of such settlement or judgment. No indemnifying party shall, without the
prior written consent of the indemnified party (which consent shall not be
unreasonably withheld), effect any settlement of any pending or threatened
proceeding in respect of which any indemnified party is or could have been a
party and indemnity could have been sought hereunder by such indemnified party,
unless such settlement includes an unconditional release of such indemnified
party from all liability on claims that are the subject matter of such
proceeding.

        7.      Contribution. If the indemnification provided for in Section 6
is unavailable or insufficient to hold harmless an indemnified party under
Section 6(a) or 6(b), then each indemnifying party shall, in lieu of
indemnifying such indemnified party, contribute to the amount paid or payable by
such indemnified party as a result of such loss, claim, damage or liability, or
action in respect thereof, (i) in such proportion as shall be appropriate to
reflect the relative benefits received by the Issuers from the offering and sale
of the Securities, on the one hand, and a Holder with respect to the sale by
such Holder of Securities, Exchange Securities or Private Exchange Securities,
on the other, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause (i) above but also the relative
fault of the Issuers on the one hand and such Holder on the other with respect
to the statements or omissions that resulted in such loss, claim, damage or
liability, or action in respect thereof, as well as any other relevant equitable
considerations. The relative benefits received by the Issuers, on the one hand,
and a Holder, on the other, with respect to such offering and such sale shall be
deemed to be in the same proportion as the total net proceeds from the offering
of the Securities (before deducting expenses) received by or on behalf of the
Issuers as set forth in the table on the cover of the Offering Memorandum, on
the one hand, bear to the total proceeds received

<PAGE>

                                      -17-

by such Holder with respect to its sale of Securities, Exchange Securities or
Private Exchange Securities, on the other. The relative fault shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to the Issuers or information supplied by the Issuers,
on the one hand, or to any Holders' Information supplied by such Holder, on the
other, the intent of the parties and their relative knowledge, access to
information and opportunity to correct or prevent such untrue statement or
omission. The parties hereto agree that it would not be just and equitable if
contributions pursuant to this Section 7 were to be determined by pro rata
allocation or by any other method of allocation that does not take into account
the equitable considerations referred to herein. The amount paid or payable by
an indemnified party as a result of the loss, claim, damage or liability, or
action in respect thereof, referred to above in this Section 7 shall be deemed
to include, for purposes of this Section 7, any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending or preparing to defend any such action or claim. Notwithstanding
the provisions of this Section 7, an indemnifying party that is a Holder of
Securities, Exchange Securities or Private Exchange Securities shall not be
required to contribute any amount in excess of the amount by which the total
price at which the Securities, Exchange Securities or Private Exchange
Securities sold by such indemnifying party to any purchaser exceeds the amount
of any damages which such indemnifying party has otherwise paid or become liable
to pay by reason of any untrue or alleged untrue statement or omission or
alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

        8.      Rules 144 and 144A. Each of the Issuers shall use its
commercially reasonable best efforts to file the reports required to be filed by
it under the Securities Act and the Exchange Act in a timely manner and, if at
any time such Issuer is not required to file such reports, it will, upon the
written request of any Holder of Transfer Restricted Securities, make publicly
available other information for so long as necessary to permit sales of such
Holder's securities pursuant to Rules 144 and 144A. Each of the Issuers
covenants that it will take such further action as any Holder of Transfer
Restricted Securities may reasonably request, all to the extent required from
time to time to enable such Holder to sell Transfer Restricted Securities
without registration under the Securities Act within the limitation of the
exemptions provided by Rules 144 and 144A (including, without limitation, the
requirements of Rule 144A(d)(4)). Upon the written request of any Holder of
Transfer Restricted Securities, each of the Issuers shall deliver to such Holder
a written statement as to whether it has complied with such requirements.
Notwithstanding the foregoing, nothing in this Section 8 shall be deemed to
require any of the Issuers to register any of its securities pursuant to the
Exchange Act.

        9.      Underwritten Registrations. If any of the Transfer Restricted
Securities covered by any Shelf Registration Statement are to be sold in an
underwritten offering, the

<PAGE>

                                      -18-

investment banker or investment bankers and manager or managers that will
administer the offering will be selected by the Holders of a majority in
aggregate principal amount of such Transfer Restricted Securities included in
such offering, subject to the consent of the Issuers (which shall not be
unreasonably withheld or delayed), and such Holders shall be responsible for all
underwriting commissions and discounts in connection therewith.

        No person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such person's Transfer Restricted
Securities on the basis reasonably provided in any underwriting arrangements
approved by the persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms
of such underwriting arrangements.

        10.     Miscellaneous. (a) Amendments and Waivers. The provisions of
this Agreement may not be amended, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, unless the
Issuers have obtained the written consent of Holders of a majority in aggregate
principal amount of the Securities, the Exchange Securities and the Private
Exchange Securities, taken as a single class. Notwithstanding the foregoing, a
waiver or consent to depart from the provisions hereof with respect to a matter
that relates exclusively to the rights of Holders whose Securities, Exchange
Securities or Private Exchange Securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by Holders of a majority in aggregate
principal amount of the Securities, the Exchange Securities and the Private
Exchange Securities being sold by such Holders pursuant to such Registration
Statement.

        (b)     Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telecopier or air courier guaranteeing next-day delivery:

        (i)     if to a Holder, at the most current address given by such Holder
    to the Issuers in accordance with the provisions of this Section 10(b),
    which address initially is, with respect to each Holder, the address of such
    Holder maintained by the Registrar under the Indenture, with a copy in like
    manner to J.P. Morgan Securities Inc.

        (ii)    if to the Initial Purchaser, to J.P. Morgan Securities Inc. at
    its address set forth in the Purchase Agreement; and

        (iii)   if to the Issuers, initially at the address of the Company set
    forth in the Purchase Agreement.

        All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; one business day after
being delivered to a

<PAGE>

                                      -19-

next-day air courier; five business days after being deposited in the mail; and
when receipt is acknowledged by the recipient's telecopier machine, if sent by
telecopier.

        (c)     Successors and Assigns. This Agreement shall be binding upon the
Issuers and their successors and assigns.

        (d)     Counterparts. This Agreement may be executed in any number of
counterparts (which may be delivered in original form or by telecopier) and by
the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.

        (e)     Definition of Terms. For purposes of this Agreement, (a) the
term "business day" means any day on which the New York Stock Exchange, Inc. is
open for trading, (b) the term "subsidiary" has the meaning set forth in Rule
405 under the Securities Act and (c) except where otherwise expressly provided,
the term "affiliate" has the meaning set forth in Rule 405 under the Securities
Act.

        (f)     Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

        (g)     Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York without regard to conflicts
of law provisions thereof to the extent the application of the laws of another
jurisdiction would be required thereby.

        (h)     Remedies. In the event of a breach by the Issuers or by any
Holder of any of their obligations under this Agreement, each Holder or the
Issuers, as the case may be, in addition to being entitled to exercise all
rights granted by law, including recovery of damages (other than the recovery of
damages for a breach by the Issuers of their obligations under Sections 1 or 2
hereof for which liquidated damages have been paid pursuant to Section 3
hereof), will be entitled to specific performance of its rights under this
Agreement. The Issuers and each Holder agree that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by it of any
of the provisions of this Agreement and hereby further agree that, in the event
of any action for specific performance in respect of such breach, it shall waive
the defense that a remedy at law would be adequate.

        (i)     No Inconsistent Agreements. The Issuers represent, warrant and
agree that (i) they have not entered into, and shall not, on or after the date
of this Agreement, enter into, any agreement that is inconsistent with the
rights granted to the Holders in this Agreement or otherwise conflicts with the
provisions hereof, (ii) they have not previously entered into any agreement
which remains in effect granting any registration rights with respect to any of
their debt securities to any person and (iii) without limiting the generality of
the foregoing, without the written consent of the Holders of a majority in
aggregate principal amount of the

<PAGE>

                                      -20-

then outstanding Transfer Restricted Securities, they shall not grant to any
person the right to request any of the Issuers to register any debt securities
of such Issuer under the Securities Act unless the rights so granted are not in
conflict or inconsistent with the provisions of this Agreement.

        (j)     No Piggyback on Registrations. Neither the Issuers nor any of
their respective security holders (other than the Holders of Transfer Restricted
Securities in such capacity) shall have the right to include any securities of
the Issuers in any Shelf Registration or Registered Exchange Offer other than
Transfer Restricted Securities.

        (k)     Severability. The remedies provided herein are cumulative and
not exclusive of any remedies provided by law. If any term, provision, covenant
or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their reasonable best efforts to find and employ an
alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

                  [Remainder of page intentionally left blank]

<PAGE>

                                      -21-

        Please confirm that the foregoing correctly sets forth the agreement
between the Issuers and the Initial Purchaser.

                                      Very truly yours,

                                      COOPERATIVE COMPUTING, INC.

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

                                      TRIAD SYSTEMS FINANCIAL CORPORATION
                                      TRIAD DATA CORPORATION
                                      CCI/TRIAD GEM, INC.
                                      TRIAD SYSTEMS CORPORATION
                                      CCI/ARD, INC.

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

<PAGE>

                                      -22-

                                      [Exchange & Registration Rights Agreement]

Accepted by:

J.P. MORGAN SECURITIES INC.

By:
   --------------------------------
   Authorized Signatory

<PAGE>

                                                                         ANNEX A

        Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Registered Exchange Offer must acknowledge that it will deliver
a prospectus in connection with any resale of such Exchange Securities. The
Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act. This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer
in connection with resales of Exchange Securities received in exchange for
Securities where such Securities were acquired by such broker-dealer as a result
of market-making activities or other trading activities. The Issuers have agreed
that, for a period of 90 days after the Expiration Date (as defined herein),
they will make this Prospectus available to any broker-dealer for use in
connection with any such resale. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX B

        Each broker-dealer that receives Exchange Securities for its own account
in exchange for Securities, where such Securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities, must acknowledge that it will deliver a prospectus in connection
with any resale of such Exchange Securities. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

        Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Registered Exchange Offer must acknowledge that it will deliver
a prospectus in connection with any resale of such Exchange Securities. This
Prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of Exchange Securities received in
exchange for Securities where such Securities were acquired as a result of
market-making activities or other trading activities. The Issuers have agreed
that, for a period of 90 days after the Expiration Date, they will make this
prospectus, as amended or supplemented, available to any broker-dealer for use
in connection with any such resale. In addition, until [DATE], all dealers
effecting transactions in the Exchange Securities may be required to deliver a
prospectus.

        The Issuers will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for
their own account pursuant to the Registered Exchange Offer may be sold from
time to time in one or more transactions in the over-the-counter market, in
negotiated transactions, through the writing of options on the Exchange
Securities or a combination of such methods of resale, at market prices
prevailing at the time of resale, at prices related to such prevailing market
prices or at negotiated prices. Any such resale may be made directly to
purchasers or to or through brokers or dealers who may receive compensation in
the form of commissions or concessions from any such broker-dealer or the
purchasers of any such Exchange Securities. Any broker-dealer that resells
Exchange Securities that were received by it for its own account pursuant to the
Registered Exchange Offer and any broker or dealer that participates in a
distribution of such Exchange Securities may be deemed to be an "underwriter"
within the meaning of the Securities Act and any profit on any such resale of
Exchange Securities and any commission or concessions received by any such
persons may be deemed to be underwriting compensation under the Securities Act.
The Letter of Transmittal states that, by acknowledging that it will deliver and
by delivering a prospectus, a broker-dealer will not be deemed to admit that it
is an "underwriter" within the meaning of the Securities Act.

        For a period of 90 days after the Expiration Date the Issuers will
promptly send additional copies of this Prospectus and any amendment or
supplement to this Prospectus to any broker-dealer that requests such documents
in the Letter of Transmittal. The Issuers have agreed to pay all expenses
incident to the Registered Exchange Offer (including the expenses of one counsel
for the Holders of the Securities) other than commissions or concessions of any
broker-dealers and will indemnify the Holders of the Securities (including any
broker-dealers) against certain liabilities, including liabilities under the
Securities Act.

<PAGE>

                                                                         ANNEX D

        [ ]  CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10
             ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
             AMENDMENTS OR SUPPLEMENTS THERETO.

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

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

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Securities that were acquired as
a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

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