TENNANT CO
PLEDGE AND SECURITY AGREEMENT
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tennant091071_ex10-2.htm
<DESCRIPTION>PLEDGE AND SECURITY AGREEMENT
<TEXT>

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<HEAD><TITLE>Exhibit 10.2 to Tennant Company Form 8-K dated March 4, 2009</TITLE></HEAD>
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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Exhibit 10.2</B> </FONT> </P>

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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>EXECUTION COPY</B> </FONT> </P>

<P ALIGN=CENTER><FONT SIZE=2><B><U>PLEDGE AND SECURITY AGREEMENT</U></B></FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS
PLEDGE AND SECURITY AGREEMENT (as the same may be amended, restated,
supplemented or otherwise modified from time to time, this &#147;<U>Security
Agreement</U>&#148;) is entered into as of March 4, 2009 by and among TENNANT
COMPANY, a Minnesota corporation (the &#147;<U>Company</U>&#148;), the Subsidiaries of
the Company listed on the signature pages hereto (together with the Company,
the &#147;<U>Initial Grantors</U>,&#148; and together with any additional Subsidiaries,
whether now existing or hereafter formed or acquired which become parties to
this Security Agreement from time to time, in accordance with the terms of the
Credit Agreement (as defined below) or, upon the effectiveness thereof, the
Note Agreement (as defined in the Intercreditor Agreement), if any, by
executing a Supplement hereto in substantially the form of <U>Annex I</U>, the
&#147;<U>Grantors</U>&#148;), and JPMORGAN CHASE BANK, N.A., a national banking
association, in its capacity as contractual representative (the &#147;<U>Collateral
Agent</U>&#148;) for itself and for the Secured Parties (as defined in the Credit
Agreement identified below).</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>PRELIMINARY
STATEMENT</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company, certain Subsidiaries of the Company from time to time parties thereto
as borrowers (together with the Company, the &#147;<U>Borrowers</U>&#148;), the financial
institutions from time to time party thereto as lenders (collectively, the &#147;<U>Lenders</U>&#148;),
and JPMorgan Chase Bank, N.A., as administrative agent thereunder (the &#147;<U>Administrative
Agent</U>&#148;), have entered into that certain Credit Agreement dated as of June
19, 2007 (as the same may be amended, restated, supplemented or otherwise
modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), which Credit
Agreement provides, subject to the terms and conditions thereof, for extensions
of credit and other financial accommodations to be made by the Lenders to or
for the benefit of the Borrowers.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors wish to secure their obligations to the Secured Parties pursuant to
the terms of this Security Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCORDINGLY,
the Grantors and the Collateral Agent, on behalf of the Secured Parties, hereby
agree as follows:</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE I</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>DEFINITIONS</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Terms
Defined in the
Credit Agreement</U>. All capitalized terms used herein and not
otherwise defined shall have the meanings assigned to such terms in the Credit
Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Terms
Defined in UCC</U>.
Terms defined in the UCC which are
not otherwise defined in this Security Agreement are used herein as defined in
the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.&nbsp;&nbsp;&nbsp;&nbsp;<u>Definitions of Certain Terms Used Herein</u>.
As used in this Security Agreement, in addition to the terms defined in the Preliminary
Statement, the following terms shall have the following meanings:</font></p>

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<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accounts</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Article</U>&#148;
means a numbered article of this Security Agreement, unless another document is
specifically referenced.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Chattel
Paper</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Collateral</U>&#148;
means all Accounts, Chattel Paper, Commercial Tort Claims, Copyrights, Deposit
Accounts, Documents, Equipment, Farm Products, General Intangibles, Goods,
Instruments, Inventory, Investment Property, letters of credit,
Letter-of-Credit Rights, Licenses, Patents, Pledged Deposits, Supporting
Obligations, Trademarks and Other Collateral, wherever located, in which any
Grantor now has or hereafter acquires any right or interest, and the proceeds
(including Stock Rights), insurance proceeds and products thereof, together
with all books and records, customer lists, credit files, computer files,
programs, printouts and other computer materials and records related thereto; <U>provided</U>
however that &#147;Collateral&#148; shall not include Excluded Assets.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Commercial
Tort Claims</U>&#148; means those certain currently existing commercial tort claims,
as defined in the UCC of any Grantor, including each commercial tort claim
specifically described in <U>Exhibit &#147;F&#148;</U>. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Control</U>&#148;
shall have the meaning set forth in Article 8 or, if applicable, in Section
9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Copyrights</U>&#148;
means, with respect to any Person, all of such Person&#146;s right, title, and
interest in and to the following: (a) all copyrights, rights and interests in
copyrights, works protectable by copyright, copyright registrations, and
copyright applications; (b) all extensions of any of the foregoing; (c) all
income, royalties, damages, and payments now or hereafter due and/or payable
under any of the foregoing, including, without limitation, damages or payments
for past or future infringements for any of the foregoing; (d) the right to sue
for past, present, and future infringements of any of the foregoing; and (e)
all rights corresponding to any of the foregoing throughout the world.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Default</U>&#148;
means an event described in <U>Section 5.1</U> hereof.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Deposit
Accounts</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Documents</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equipment</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Excluded
Assets</U>&#148; means (i) motor vehicles and other assets subject to certificates
of title; (ii) any equipment, lease, license, contract, instrument or agreement
to which any Grantor is a party, if and so long as the pledge of, or grant of a
security interest in, such property would result in (A) a breach of applicable
law or (B) a breach, termination or default under the terms of such lease,
license, contract, instrument or agreement or any agreement to which such equipment
is subject (other than to the extent that any such term would be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC);
(iii) assets to the extent a security interest in such assets would result in a
Deemed Dividend Problem or a Financial Assistance Problem; (iv) assets
consisting of real property or interests in real property; (v) fixtures; (vi)
assets of the Company or any Domestic Subsidiary located in Australia or Japan;
(vii) those assets as to which the Collateral Agent, by notice to the Company,
reasonably determines that the burden or cost of obtaining such a security
interest, pledge or perfection thereof outweighs the benefit to the Secured
Parties of the security to be afforded thereby; and (viii) any lease of </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>2</FONT></P>

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<P align=justify><FONT SIZE=2>equipment by a Grantor
and equipment subject thereto which are conveyed to a third party in connection
with the financing of such lease and equipment, to the extent such Indebtedness
and any Lien on such lease and/or equipment is otherwise permitted under
Sections 6.01 and 6.02 of the Credit Agreement and the comparable provisions of
the Note Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exhibit</U>&#148;
refers to a specific exhibit to this Security Agreement, unless another
document is specifically referenced.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Farm
Products</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>General
Intangibles</U>&#148; shall have the meaning set forth in Article 9 of the UCC and,
in any event, includes payment intangibles, contract rights, rights to payment,
rights arising under common law, statutes, or regulations, choses or things in
action, goodwill (including the goodwill associated with any Trademark),
Patents, Trademarks, Copyrights, URLs and domain names, Industrial Designs,
other industrial or Intellectual Property or rights therein or applications
therefor, whether under license or otherwise, programs, programming materials,
blueprints, drawings, purchase orders, customer lists, monies due or
recoverable from pension funds, route lists, rights to payment and other rights
under any royalty or licensing agreements, including Intellectual Property
Licenses, infringement claims, computer programs, information contained on
computer disks or tapes, software, literature, reports, catalogs, pension plan
refunds, pension plan refund claims, insurance premium rebates, tax refunds,
and tax refund claims, interests in a partnership or limited liability company
which do not constitute a security under Article 8 of the Code, and any other
personal property other than Commercial Tort Claims, money, Accounts, Chattel
Paper, Deposit Accounts, Goods, Investment Property, negotiable Collateral, and
oil, gas, or other minerals before extraction. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Goods</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Industrial
Designs</U>&#148; means (i) registered industrial designs and industrial design
applications, and also includes registered industrial designs and industrial
design applications listed in Exhibit<U> &#147;B&#148;</U>, (ii) all renewals, divisions
and any industrial design registrations issuing thereon and any and all foreign
applications corresponding thereto, (iii) all income, royalties, damages and
payments now and hereafter due or payable under and with respect thereto,
including payments under all licenses entered into in connection therewith and
damages and payments for past or future infringements thereof, (iv) the right
to sue for past, present and future infringements thereof, and (v) all of each
Grantor&#146;s rights corresponding thereto throughout the world.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Instruments</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Intellectual
Property</U>&#148; means all Patents, Trademarks, Copyrights and any other
intellectual property.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Inventory</U>&#148;
shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Investment
Property</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter
of Credit Rights</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Licenses</U>&#148;
means, with respect to any Person, all of such Person&#146;s right, title, and
interest in and to (a) any and all licensing agreements or similar arrangements
in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties,
damages, claims, and payments now or hereafter due or payable </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>

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<P align=justify><FONT SIZE=2>under and with respect
thereto, including, without limitation, damages and payments for past and
future breaches thereof, and (c) all rights to sue for past, present, and
future breaches thereof.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Other
Collateral</U>&#148; means any property of the Grantors, not included within the
defined terms Accounts, Chattel Paper, Commercial Tort Claims, Copyrights,
Deposit Accounts, Documents, Equipment, Farm Products, General Intangibles,
Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights,
Licenses, Patents, Pledged Deposits, Supporting Obligations and Trademarks,
including, without limitation, all cash on hand, Stock Rights or any other
deposits (general or special, time or demand, provisional or final) with any
bank or other financial institution, it being intended that the Collateral
include all personal property of the Grantors other than Excluded Assets.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Patents</U>&#148;
means, with respect to any Person, all of such Person&#146;s right, title, and
interest in and to: (a) any and all patents and patent applications; (b) all
inventions and improvements described and claimed therein; (c) all reissues,
divisions, continuations, extensions, and continuations-in-part thereof; (d)
all income, royalties, damages, claims, and payments now or hereafter due or
payable under and with respect thereto, including, without limitation, damages
and payments for past and future infringements thereof; (e) all rights to sue
for past, present, and future infringements thereof; and (f) all rights
corresponding to any of the foregoing throughout the world. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pledged
Deposits</U>&#148; means all time deposits of money (other than Deposit Accounts and
Instruments), whether or not evidenced by certificates, which a Grantor may
from time to time designate as pledged to the Collateral Agent or to any
Secured Party as security for any Secured Obligations, and all rights to
receive interest on said deposits.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Receivables</U>&#148;
means the Accounts, Chattel Paper, Documents, Investment Property, Instruments
or Pledged Deposits, and any other rights or claims to receive money which are
General Intangibles or which are otherwise included as Collateral.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Section</U>&#148;
means a numbered section of this Security Agreement, unless another document is
specifically referenced.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Security</U>&#148;
shall have the meaning set forth in Article 8 of the UCC, excluding immaterial
Securities received from or with respect to customers in settlement of
Receivables.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior
Creditor Documents</U>&#148; means (i) prior to the effectiveness of the
Intercreditor Agreement, the Loan Documents and (ii) on and after the
effectiveness of the Intercreditor Agreement, the &#147;Senior Creditor Documents&#148;
(as defined in the Intercreditor Agreement).</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stock
Rights</U>&#148; means any securities, dividends or other distributions and any
other right or property which any Grantor shall receive or shall become
entitled to receive for any reason whatsoever with respect to, in substitution
for or in exchange for any securities or other ownership interests in a corporation,
partnership, joint venture or limited liability company constituting Collateral
and any securities, any right to receive securities and any right to receive
earnings, in which any Grantor now has or hereafter acquires any right, issued
by an issuer of such securities.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Supporting
Obligation</U>&#148; shall have the meaning set forth in Article 9 of the UCC.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trademarks</U>&#148;
means, with respect to any Person, all of such Person&#146;s right, title, and
interest in and to the following: (a) all trademarks (including service marks),
trade names, trade dress, and trade styles and the registrations and
applications for registration thereof and the goodwill of the business
symbolized by the foregoing; (b) all licenses of the foregoing, whether as
licensee or licensor; (c) all </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>4</FONT></P>

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<P align=justify><FONT SIZE=2>renewals of the
foregoing; (d) all income, royalties, damages, and payments now or hereafter
due or payable with respect thereto, including, without limitation, damages,
claims, and payments for past and future infringements thereof; (e) all rights
to sue for past, present, and future infringements of the foregoing, including
the right to settle suits involving claims and demands for royalties owing; and
(f) all rights corresponding to any of the foregoing throughout the world.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing definitions shall be equally applicable to both the singular and
plural forms of the defined terms.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE II</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>GRANT OF SECURITY
INTEREST</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Grantors hereby pledges, assigns and grants to the Collateral Agent, on
behalf of and for the benefit of the Secured Parties, a security interest in
all of such Grantor&#146;s right, title and interest, whether now owned or hereafter
acquired, in and to the Collateral to secure the prompt and complete payment
and performance of the Secured Obligations (including, without limitation, the
Secured Obligations as defined in the Intercreditor Agreement upon the
effectiveness of the Intercreditor Agreement). For the avoidance of doubt, the
grant of a security interest herein shall not be deemed to be an assignment of
intellectual property rights owned by the Grantors.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE III</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>REPRESENTATIONS
AND WARRANTIES</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Initial Grantors represents and warrants to the Collateral Agent and the
Secured Parties, and each Grantor that becomes a party to this Security
Agreement pursuant to the execution of a Security Agreement Supplement in
substantially the form of <U>Annex I</U> represents and warrants (after giving
effect to supplements to each of the Exhibits hereto with respect to such subsequent
Grantor as attached to such Security Agreement Supplement), that:</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Title,
Authorization, Validity and Enforceability</U>. Such Grantor has
good and valid rights in or the power to transfer the Collateral owned by it
and title to the Collateral with respect to which it has purported to grant a
security interest hereunder, free and clear of all Liens except for Liens
permitted under <U>Section 4.1.6</U> hereof, and has full corporate, limited
liability company or partnership, as applicable, power and authority to grant
to the Collateral Agent the security interest in such Collateral pursuant
hereto. The execution and delivery by such Grantor of this Security Agreement
have been duly authorized by proper corporate, limited liability company, limited
partnership or partnership, as applicable, proceedings, and this Security
Agreement constitutes a legal, valid and binding obligation of such Grantor and
creates a security interest which is enforceable against such Grantor in all
Collateral it now owns or hereafter acquires, except as enforceability may be
limited by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization or
similar laws relating to or affecting the enforcement of creditors&#146; rights
generally, (ii) general equitable principles (whether considered in a
proceeding in equity or at law), and (iii) requirements of reasonableness, good
faith and fair dealing. When financing statements have been filed in the
appropriate offices against such Grantor in the locations listed in <U>Exhibit
&#147;E&#148;</U>, the Collateral Agent will have a fully perfected first priority
security interest in the Collateral owned by such Grantor in which a security
interest may be perfected by filing of a financing statement under the UCC,
subject only to Liens permitted under <U>Section 4.1.6</U> hereof and the
limitations on perfection and priority set forth in the UCC.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>5</FONT></P>

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<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Conflicting
Laws and
Contracts</U>. Neither the execution and delivery by such Grantor
of this Security Agreement, the creation and perfection of the security
interest in the Collateral granted hereunder, nor compliance with the terms and
provisions hereof will violate (i) any law, rule, regulation, order, writ,
judgment, injunction, decree or award binding on such Grantor, or (ii) such
Grantor&#146;s charter, articles or certificate of incorporation, partnership
agreement or by-laws (or similar constitutive documents), or (iii) the
provisions of any indenture, instrument or agreement to which such Grantor is a
party or is subject, or by which it, or its property may be bound or affected,
or conflict with or constitute a default thereunder, or result in or require
the creation or imposition of any Lien in, of or on the property of such
Grantor pursuant to the terms of any such indenture, instrument or agreement
(other than any Lien of the Collateral Agent on behalf of the Secured Parties).</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Principal
Location</U>.
Such Grantor&#146;s mailing address and the location of its place of business (if it
has only one) or its chief executive office (if it has more than one place of
business), is disclosed in <U>Exhibit &#147;A&#148;</U>; such Grantor has no other places
of business except those set forth in <U>Exhibit &#147;A&#148;</U>.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Property
Locations</U>.
The Inventory and Equipment of each Grantor are located solely at the locations
of such Grantor described in <U>Exhibit &#147;A&#148;</U>, except for Inventory and
Equipment which is in transit or Inventory which is located in storage
facilities for use by such Grantor&#146;s sales and marketing operations, at
customer&#146;s premises, or with dealers or distributors for such Grantor&#146;s
Inventory. All of said locations are owned by such Grantor except for locations
(i) which are leased by such Grantor as lessee and designated in Part B of <U>Exhibit
&#147;A&#148;</U> and (ii) at which Inventory is held in a public warehouse or is
otherwise held by a bailee or on consignment by such Grantor as designated in
Part C of <U>Exhibit &#147;A&#148;</U>, with respect to which Inventory such Grantor has
delivered bailment agreements, warehouse receipts, financing statements or
other documents satisfactory to the Collateral Agent to protect the Collateral
Agent&#146;s and the Secured Parties&#146; security interest in such Inventory. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5.&nbsp;&nbsp;&nbsp;&nbsp;<U>No Other
Names; Etc.</U>.
Within the five-year period ending as of the date such Person becomes a Grantor
hereunder, such Grantor has not conducted business under any name, changed its
jurisdiction of formation, merged with or into or consolidated with any other
Person, except as disclosed in <U>Exhibit &#147;A&#148;</U>. The name in which such
Grantor has executed this Security Agreement is the exact name as it appears in
such Grantor&#146;s organizational documents, as amended, as filed with such
Grantor&#146;s jurisdiction of organization as of the date such Person becomes a
Grantor hereunder.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Default</U>.
No Default exists.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounts and
Chattel
Paper</U>. The names of the obligors, amounts owing, due dates
and other information with respect to the Accounts and Chattel Paper owned by
such Grantor are and will be correctly stated in all material respects in all
records of such Grantor relating thereto and in all invoices and reports with
respect thereto furnished to the Collateral Agent by such Grantor from time to
time. As of the time when each Account or each item of Chattel Paper arises,
such Grantor shall be deemed to have represented and warranted that such
Account or Chattel Paper, as the case may be, and all records relating thereto,
are genuine and in all respects what they purport to be.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Filing
Requirements</U>.
None of the Collateral owned by such Grantor is of a type for which security
interests or liens may be perfected by filing under any federal statute except
for Patents, Trademarks and Copyrights held by such Grantor and described in
Part B of <U>Exhibit &#147;B&#148;</U>.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9.&nbsp;&nbsp;&nbsp;&nbsp;<U>No Financing
Statements</U>. No financing statement describing all or any
portion of the Collateral which has not lapsed or been terminated naming such
Grantor as debtor has been filed in any jurisdiction except financing
statements (i) naming the Collateral Agent on behalf of the Secured Parties </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>6</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>as the secured party and
(ii) in respect of Liens permitted by Section 6.02 of the Credit Agreement and
the comparable provisions of the Note Agreement; <U>provided</U>, that nothing
herein shall be deemed to constitute an agreement to subordinate any of the
Liens of the Collateral Agent under the Senior Creditor Documents to any Liens
otherwise permitted under Section 6.02 of the Credit Agreement and the
comparable provisions of the Note Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10.&nbsp;&nbsp;&nbsp;<U>Federal Employer
Identification Number; State Organization Number; Jurisdiction of Organization</U>.
Such Grantor&#146;s federal employer identification number is, and if such Grantor
is a registered organization, such Grantor&#146;s State of organization, type of
organization and State of organization identification number are, listed in <U>Exhibit
&#147;G&#148;</U>. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11.&nbsp;&nbsp;&nbsp;<U>Pledged Securities
and Other Investment Property</U>. <U>Exhibit &#147;D</U>&#148; sets forth
a complete and accurate list of the Instruments, Securities and other
Investment Property constituting Collateral and delivered to the Collateral
Agent. Each Grantor is the direct and beneficial owner of each Instrument,
Security and other type of Investment Property listed in <U>Exhibit &#147;D&#148;</U> as
being owned by it, free and clear of any Liens, except for the security
interest granted to the Collateral Agent for the benefit of the Secured Parties
hereunder or as permitted by Section 6.02 of the Credit Agreement and the
comparable provisions of the Note Agreement. Each Grantor further represents
and warrants that (i) all such Instruments, Securities or other types of
Investment Property which are shares of stock in a corporation or ownership
interests in a partnership or limited liability company have been (to the
extent such concepts are relevant with respect to such Instrument, Security or
other type of Investment Property) duly and validly issued, are fully paid and
non-assessable and constitute the percentage of the issued and outstanding
shares of stock (or other equity interests) of the respective issuers thereof
indicated in <U>Exhibit &#147;D&#148;</U> hereto and (ii) with respect to any
certificates delivered to the Collateral Agent representing an ownership
interest in a partnership or limited liability company, either such
certificates are Securities as defined in Article 8 of the UCC of the
applicable jurisdiction as a result of actions by the issuer or otherwise, or,
if such certificates are not Securities, such Grantor has so informed the
Collateral Agent so that the Collateral Agent may take steps to perfect its
security interest therein as a General Intangible.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.&nbsp;&nbsp;&nbsp;<U>Intellectual
Property</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.1
 <U>Exhibit &#147;B&#148;</U> contains a complete and accurate listing as of the date
 hereof of all U.S. Intellectual Property of each of the Grantors, including,
 but not limited to the following: (i) state and U.S. trademark registrations,
 applications for trademark registration and common law trademarks, (ii) U.S.
 patents and patents applications, together with all reissuances,
 continuations, continuations in part, revisions, extensions, and
 reexaminations thereof, (iii) U.S. copyright registrations and applications
 for registration, (iv) industrial design registrations and industrial design
 applications, (v) trade secrets, (vi) domain names, (vii) proprietary computer
 software, (viii) all forms of Intellectual Property described in clauses
 (i)-(iii) above that are owned by a third party and licensed to the Grantors
 or otherwise used by the Grantors under contract, and (ix) the names of any
 Person who has been granted rights in respect thereof outside of the ordinary
 course of business. All of the U.S. registrations, applications for
 registration or applications for issuance of the Intellectual Property are
 valid and subsisting, in good standing and are recorded or is in the process
 of being recorded in the name of the applicable Grantor.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.2
 Such Intellectual Property&#146;s valid, subsisting, unexpired (where registered)
 and enforceable and has not been abandoned or adjudged invalid or
 unenforceable, in whole or in part except as could not be reasonably expected
 to result in a Material Adverse Effect.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.3
 No Person other than the respective Grantor has any right or interest of any
 kind or nature in or to the Intellectual Property, including any right to
 sell, license, lease, transfer, </FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>7</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>distribute, use or
 otherwise exploit the Intellectual Property or any portion thereof outside of
 the ordinary course of the respective Grantor&#146;s business, except as noted on
 Exhibit B. Each Grantor has good, marketable and exclusive title to, and the
 valid and enforceable power and right to sell, license, transfer, distribute,
 use and otherwise exploit, its Intellectual Property, except as noted on
 Exhibit B.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.4
 Each Grantor has taken or caused to be taken steps so that none of its
 Intellectual Property, the value of which to the Grantors are contingent upon
 maintenance of the confidentiality thereof, have been disclosed by such
 Grantor to any Person other than employees, contractors, customers,
 representatives and agents of the Grantors who are parties to customary
 confidentiality and nondisclosure agreements with the Grantors except where
 those disclosures, individually or in the aggregate, could not be reasonably
 expected to result in a Material Adverse Effect.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.5
 To each Grantor&#146;s knowledge, no Person has violated, infringed upon or
 breached, or is currently violating, infringing upon or breaching, any of the
 rights of the Grantors to the Intellectual Property or has breached or is
 breaching any duty or obligation owed to the Grantors in respect of the
 Intellectual Property except where those breaches, individually or in the
 aggregate, could not be reasonably expected to result in a Material Adverse
 Effect.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.6
 No settlement or consents, covenants not to sue, nonassertion assurances, or
 releases have been entered into by any Grantor or to which any Grantor is
 bound that adversely affects its rights to own or use any Intellectual
 Property except as could not be reasonably expected to result in a Material
 Adverse Effect, in each case individually or in the aggregate.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.7
 No Grantor has received any written notice that remains outstanding
 challenging the validity, enforceability, or ownership of any Intellectual
 Property except where those challenges could not reasonably be expected to
 result in a Material Adverse Effect, and to such Grantor&#146;s knowledge at the
 date hereof there are no facts upon which such a challenge could be made.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.8
 Each Grantor owns directly or is entitled to use, by license or otherwise,
 all Intellectual Property necessary for the conduct of such Grantor&#146;s
 business.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.9
 Each Grantor uses adequate standards of quality in the manufacture,
 distribution, and sale of all products sold and in the provision of all
 services rendered under or in connection with all trademarks and has taken
 all commercially reasonable action necessary to insure that all licensees of
 the trademarks owned or licensed by such Grantor use such adequate standards
 of quality, except where the failure to use adequate standards of quality
 could not reasonably be expected to result in a Material Adverse Effect.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12.10
 The consummation of the transactions contemplated by the Senior Creditor
 Documents will not result in the termination or material impairment of any of
 the Intellectual Property.</FONT></P>
</TD>
</TR>


</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE IV</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>COVENANTS</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From
the date of this Security Agreement and thereafter until this Security
Agreement is terminated pursuant to Section 8.12 hereof, each of the Initial
Grantors agrees, and from and after the </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>8</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>effective date of any
Security Agreement Supplement applicable to any Grantor (and after giving
effect to supplements to each of the Exhibits hereto with respect to such
subsequent Grantor as attached to such Security Agreement Supplement) and
thereafter until this Security Agreement is terminated each such subsequent
Grantor agrees:</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1
 <U>Inspection</U>.
 Subject to the limitations set forth in the Senior Creditor Documents, each
 Grantor will permit the Collateral Agent or any Secured Party, by its
 representatives and agents (i) to inspect the Collateral, (ii) to examine and
 make copies of the records of such Grantor relating to the Collateral and
 (iii) to discuss the Collateral and the related records of such Grantor with,
 and to be advised as to the same by, such Grantor&#146;s officers and employees
 (and, in the case of any Receivable, with any person or entity which is or
 may be obligated thereon), all at such reasonable times and intervals as the
 Collateral Agent or such Secured Party may determine, and all at such
 Grantor&#146;s expense.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2
 <U>Taxes</U>.
 Such Grantor will pay when due all taxes, assessments and governmental
 charges and levies upon the Collateral owned by such Grantor, except (i)
 those which are being contested in good faith by appropriate proceedings and
 with respect to which adequate reserves have been set aside in accordance
 with GAAP and with respect to which no Lien exists, and (ii) those which by
 reason of the amount involved or the remedies available to the taxing
 authority could not reasonably be expected to have a Material Adverse Effect.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3
 <U>Records
 and Reports; Notification of Default</U>. Each Grantor shall
 keep and maintain complete, accurate and proper books and records with
 respect to the Collateral owned by such Grantor, and furnish to the
 Collateral Agent, with sufficient copies for each of the Secured Parties,
 such reports relating to the Collateral as the Collateral Agent shall from
 time to time reasonably request. Each Grantor will give prompt notice in
 writing to the Collateral Agent and the Lenders of the occurrence and
 continuance of a Default and of any other development, financial or
 otherwise, which could reasonably be expected to materially and adversely
 affect the Collateral.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.4
 <U>Financing
 Statements and Other Actions; Defense of Title</U>. Each
 Grantor hereby authorizes the Collateral Agent to file, and if requested will
 execute and deliver to the Collateral Agent, all financing statements
 describing the Collateral owned by such Grantor and other documents and take
 such other actions as may from time to time reasonably be requested by the
 Collateral Agent in order to maintain a first priority, perfected security
 interest in and, if applicable, Control of, the Collateral owned by such
 Grantor, subject to Liens permitted under Section 6.02 of the Credit
 Agreement and the comparable provisions of the Note Agreement, provided that
 nothing herein shall be deemed to constitute an agreement to subordinate any
 of the Liens of the Collateral Agent under the Loan Documents to any Liens
 otherwise permitted under Section 6.02 of the Credit Agreement and the
 comparable provisions of the Note Agreement. Such financing statements may
 describe the Collateral in the same manner as described herein or may contain
 an indication or description of collateral that describes such property in any
 other manner as the Collateral Agent may determine, in its reasonable
 discretion, is necessary, advisable or prudent to ensure that the perfection
 of the security interest in the Collateral granted to the Collateral Agent
 herein, including, without limitation, describing such property as &#147;all
 assets (other than the Excluded Assets described and defined in the Pledge
 and Security Agreement dated as of March 4, 2009 by and among the Debtor,
 other parties and the Secured Party)&#148; or &#147;all assets whether now owned or hereafter acquired and wheresoever located,
 including all accessions thereto and proceeds thereof (other than the
 Excluded Assets described </FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>9</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>and defined in the
 Pledge and Security Agreement dated as of March 4, 2009 by and among the
 Debtor, other parties and the Secured Party).&#148; Each Grantor will take any and
 all actions reasonably necessary to defend title to the Collateral owned by
 such Grantor against all persons and to defend the security interest of the
 Collateral Agent in such Collateral and the priority thereof against any Lien
 not expressly permitted hereunder.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.5
 <U>Disposition
 of Collateral</U>. No Grantor will sell, lease or otherwise
 dispose of the Collateral owned by such Grantor except (i) prior to the
 occurrence and continuance of a Default, dispositions specifically permitted
 pursuant to Section 6.03 of the Credit Agreement and the comparable
 provisions of the Note Agreement, (ii) until such time following the
 occurrence and the continuance of a Default as such Grantor receives a notice
 from the Collateral Agent instructing such Grantor to cease such
 transactions, sales or leases of Inventory in the ordinary course of
 business, (iii) dispositions of Intellectual Property which is no longer
 useful or necessary in such Grantor&#146;s business as reasonably determined by
 such Grantor, and (iv) until such time as such Grantor receives a notice from
 the Collateral Agent pursuant to <U>Article VII</U>, proceeds of Inventory
 and Accounts collected in the ordinary course of business.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.6
 <U>Liens</U>.
 No Grantor will create, incur, or suffer to exist any Lien on the Collateral
 owned by such Grantor except Liens permitted pursuant to Section 6.02 of the
 Credit Agreement and the comparable provisions of the Note Agreement, <U>provided</U>,
 that nothing herein shall be deemed to constitute an agreement to subordinate
 any of the Liens of the Collateral Agent under the Senior Creditor Documents
 to any Liens otherwise permitted under Section 6.02 of the Credit Agreement
 and the comparable provisions of the Note Agreement.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.7
 <U>Change
 in Corporate Existence, Type or Jurisdiction of Organization, Location, Name</U>.
 Each Grantor will:</FONT></P>
</TD>
</TR>
</TABLE>

<BR>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="90%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(i)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>preserve its existence
 and corporate structure as in effect on the date hereof;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(ii)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>not change its
 jurisdiction of organization;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(iii)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>not maintain its place
 of business (if it has only one) or its chief executive office (if it has
 more than one place of business) at a location other than a location
 specified in Exhibit<U> &#147;A&#148;</U>; and</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(iv)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>not (i) have any
 Inventory, Equipment or proceeds or products thereof (other than Inventory
 and proceeds thereof disposed of as permitted by <U>Section 4.1.5</U>) at a
 location other than a location specified in <U>Exhibit &#147;A&#148;</U> or as
 described in <U>Section 3.4</U>, (ii) change its name or taxpayer
 identification number or (iii) change its mailing address,</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P align=justify><FONT SIZE=2>unless, in each such
 case, such Grantor shall have given the Collateral Agent not less than thirty
 (30) days&#146; prior written notice of such event or occurrence and the
 Collateral Agent shall have either (x) determined that such event or
 occurrence will not adversely affect the validity, perfection or priority of
 the Collateral Agent&#146;s security interest in the Collateral, or (y) taken such
 steps (with the cooperation of such Grantor to the extent necessary or
 advisable) as are necessary or advisable to properly maintain the validity,
 perfection and priority of the Collateral Agent&#146;s security interest in the
 Collateral owned by such Grantor.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.8
 <U>Other
 Financing Statements</U>. No Grantor will suffer to exist or
 authorize the filing of any financing statement naming it as debtor covering
 all or any portion of the Collateral owned by such Grantor, except any
 financing statement authorized under <U>Section 4.1.4</U> hereof and </FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>10</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>financing statements
 filed with respect to Liens otherwise permitted under Section 6.02 of the
 Credit Agreement and the comparable provisions of the Note Agreement.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Receivables</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.1
 <U>Certain
 Agreements on Receivables</U>. Following the occurrence and
 during the continuation of a Default, upon reasonable notice from the
 Collateral Agent, no Grantor will make or agree to make any discount, credit,
 rebate or other reduction in the original amount owing on a Receivable or
 accept in satisfaction of a Receivable less than the original amount thereof.
 Prior to the occurrence and continuation of a Default, such Grantor may
 reduce the amount of Accounts arising from the sale of Inventory or the
 rendering of services in accordance with its present policies and in the
 ordinary course of business and as otherwise permitted under the Credit
 Agreement and the Note Agreement.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.2
 <U>Collection
 of Receivables</U>. Except as otherwise provided in this
 Security Agreement, each Grantor will collect and enforce, at such Grantor&#146;s
 sole expense, in accordance with its present policies and in the ordinary
 course of business, all amounts due or hereafter due to such Grantor under
 the Receivables owned by such Grantor.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.3
 <U>Delivery
 of Invoices</U>. Each Grantor will deliver to the Collateral
 Agent immediately upon its request after the occurrence and during the
 continuation of a Default duplicate invoices with respect to each Account
 owned by such Grantor bearing such language of assignment as the Collateral
 Agent shall reasonably specify.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.4
 <U>Disclosure
 of Counterclaims on Receivables</U>. If (i) any material
 discount, credit or agreement to make a rebate or to otherwise reduce the
 amount owing on a Receivable owned by a Grantor exists or (ii) if, to the
 knowledge of a Grantor, any material dispute, setoff, claim, counterclaim or
 defense exists or has been asserted or threatened with respect to a
 Receivable, such Grantor will disclose such fact to the Collateral Agent in
 writing in connection with the inspection by the Collateral Agent of the
 records of such Grantor relating to such Receivable and in connection with
 any invoice or report furnished by such Grantor to the Collateral Agent
 relating to such Receivable.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Maintenance
of Goods</U>.
Each Grantor will do all things reasonably necessary to maintain, preserve,
protect and keep the Inventory and the Equipment owned by such Grantor in good
repair, working order and saleable condition (ordinary wear and tear excepted)
and make all necessary and proper repairs, renewals and replacements so that
its business carried on in connection therewith may be properly conducted at
all times, except where the failure to do so, individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Instruments,
Securities, Chattel Paper, Documents and Pledged Deposits</U>.
Each Grantor will (i) deliver to the Collateral Agent immediately upon
execution of this Security Agreement the originals of any Chattel Paper to the
extent representing an amount in excess of $200,000, Securities (to the extent
certificated) and Instruments constituting Collateral (if any then exist), (ii)
hold in trust for the Collateral Agent upon receipt and immediately thereafter
deliver to the Collateral Agent any such Chattel Paper, Securities and
Instruments constituting Collateral, (iii) upon the designation of any Pledged
Deposits (as set forth in the definition thereof), deliver to the Collateral
Agent such Pledged Deposits which are evidenced by certificates included in the
Collateral endorsed in blank, marked with such legends and assigned as the
Collateral Agent shall specify, and (iv) upon the Collateral Agent&#146;s request,
after the occurrence and during the continuance of a Default, deliver to the
Collateral Agent (and </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>11</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>thereafter hold in trust
for the Collateral Agent upon receipt and immediately deliver to the Collateral
Agent) any Document evidencing or constituting Collateral.</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Uncertificated
Securities and Certain Other Investment Property</U>. Each
Grantor will permit the Collateral Agent from time to time to cause the
appropriate issuers (and, if held with a securities intermediary, such
securities intermediary) of uncertificated securities or other types of
Investment Property not represented by certificates which are Collateral owned
by such Grantor to mark their books and records with the numbers and face
amounts of all such uncertificated securities or other types of Investment
Property not represented by certificates and all rollovers and replacements
therefor to reflect the Lien of the Collateral Agent granted pursuant to this
Security Agreement. Each Grantor will use all commercially reasonable efforts,
with respect to Investment Property constituting Collateral owned by such
Grantor held with a financial intermediary, to cause such financial
intermediary to enter into a control agreement with the Collateral Agent in
form and substance reasonably satisfactory to the Collateral Agent.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock and
Other
Ownership Interests</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.1
 <U>Changes
 in Capital Structure of Issuers</U>. Except as permitted in the
 Credit Agreement and the Note Agreement, no Grantor will (i) permit or suffer
 any issuer of privately held corporate securities or other ownership
 interests in a corporation, partnership, joint venture or limited liability
 company constituting Collateral owned by such Grantor to dissolve, liquidate,
 retire any of its capital stock or other Instruments or Securities evidencing
 ownership, reduce its capital or merge or consolidate with any other entity,
 or (ii) vote any of the Instruments, Securities or other Investment Property
 in favor of any of the foregoing except to the extent permitted under Section
 6.03 of the Credit Agreement.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.2
 <U>Issuance
 of Additional Securities</U>. No Grantor will permit or suffer
 the issuer, which is a Subsidiary of such Grantor, of privately held
 corporate securities or other ownership interests in a corporation,
 partnership, joint venture or limited liability company constituting
 Collateral to issue any such securities or other ownership interests, any
 right to receive the same or any right to receive earnings, except to such
 Grantor.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.3
 <U>Registration
 of Pledged Securities and other Investment Property</U>. Each
 Grantor will permit any registrable Collateral owned by such Grantor to be
 registered in the name of the Collateral Agent or its nominee at any time at
 the option of the Required Lenders following the occurrence and during the
 continuance of a Default and without any further consent of such Grantor.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.4
 <U>Exercise
 of Rights in Pledged Securities and other Investment Property</U>.
 Each Grantor will permit the Collateral Agent or its nominee at any time
 after the occurrence and during the continuance of a Default, without notice,
 to exercise or refrain from exercising any and all voting and other
 consensual rights pertaining to the Collateral owned by such Grantor or any
 part thereof, and to receive all dividends and interest in respect of such
 Collateral.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Deposit
Accounts</U>.
Each Grantor will (i) upon the Collateral Agent&#146;s request, cause each bank or
other financial institution in which it maintains (a) a Deposit Account to
enter into a control agreement with the Collateral Agent, in form and substance
satisfactory to the Collateral Agent in order to give the Collateral Agent
Control of the Deposit Account or (b) other deposits (general or special, time
or demand, provisional or final) to be notified of the security interest
granted to the Collateral Agent hereunder and cause each such bank or other
financial institution to acknowledge such notification in writing and (ii) upon
the Collateral Agent&#146;s request after the occurrence and during the continuance
of a </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>12</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>Default, deliver to each
such bank or other financial institution a letter, in form and substance
acceptable to the Collateral Agent, transferring dominion and control over each
such other deposit to the Collateral Agent until such time as no Default
exists. In the case of deposits maintained with Lenders, the terms of such
letter shall be subject to the provisions of the Credit Agreement but subject
to the Intercreditor Agreement regarding setoffs.</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Letter-of-Credit
Rights</U>. Each Grantor will, upon the Collateral Agent&#146;s
request, cause each issuer of a letter of credit in an amount equal to or in
excess of $100,000 for which such Grantor is the beneficiary, to consent to the
assignment of proceeds of the letter of credit in order to give the Collateral
Agent Control of the letter-of-credit rights to such letter of credit.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Federal,
State or
Municipal Claims</U>. Each Grantor will notify the Collateral
Agent of any material Collateral owned by such Grantor which constitutes a
claim against the United States government or any state or local government or
any instrumentality or agency thereof, the assignment of which claim is
restricted by federal, state or municipal law. Furthermore, each Grantor will
execute and deliver to the Collateral Agent such documents, agreements and
instruments, and will take such further actions (including, without limitation,
the taking of necessary actions under the Federal Assignment of Claims Act of
1940, as amended (31 U.S.C. &#167; 3727 et seq. and 41 U.S.C. &#167; 15 et seq.)), which
the Collateral Agent may, from time to time, reasonably request, to ensure
perfection and priority of the Liens hereunder in respect of material Accounts
and General Intangibles owing by any government or instrumentality or agency
thereof, all at the expense of the Company.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.&nbsp;&nbsp;&nbsp;<U>Intellectual
Property</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT  SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.1
 If, after the date hereof, any Grantor obtains rights
 to, including, but not limited to filing and acceptance of a statement of use
 or an amendment to allege use with the United States Patent and Trademark
 Office, or applies for or seeks registration of, any new patentable
 invention, Trademark or Copyright in addition to the Patents, Trademarks and
 Copyrights described in Part B of <U>Exhibit &#147;B&#148;</U>, which are all of such
 Grantor&#146;s U.S. Patents, Trademarks and Copyrights as of the date hereof, then
 such Grantor shall give the Collateral Agent notice thereof, as part of each
 compliance certificate provided to the Collateral Agent pursuant to the
 Credit Agreement and the comparable certificate provided pursuant to the Note
 Agreement. Each Grantor agrees promptly upon request by the Collateral Agent
 to execute and deliver to the Collateral Agent any supplement to this
 Security Agreement or any other document reasonably requested by the
 Collateral Agent to evidence such security interest in a form appropriate for
 recording in the applicable U.S. federal office. Each Grantor also hereby
 authorizes the Collateral Agent to modify this Security Agreement
 unilaterally (i) by amending Part B of <U>Exhibit &#147;B&#148;</U> to include any
 future U.S. Patents, Trademarks and/or Copyrights of which the Collateral
 Agent receives notification from such Grantor pursuant hereto and (ii) by
 recording, in addition to and not in substitution for this Security
 Agreement, a duplicate original of this Security Agreement containing in Part
 B of <U>Exhibit &#147;B&#148;</U> a description of such future Patents, Trademarks
 and/or Copyrights.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT  SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.2
 As of the date hereof, no Grantor has any interest in, or title to, any U.S.
 Copyrights, Intellectual Property Licenses, Patents, Trademarks or Industrial
 Design except as set forth in <U>Exhibit &#147;B&#148;</U>. This Agreement is effective to create a valid and continuing
 Lien on such Copyrights, Intellectual Property Licenses, Patents, Trademarks
 and Industrial Designs and, upon filing of the Confirmatory Grant of Security
 Interest in Copyrights with the United States Copyright Office and filing of
 the Confirmatory Grant of Security Interest in Patents with the United States
 Patent and Trademark Office, and the filing of appropriate financing
 statements in the jurisdictions listed in <U>Exhibit &#147;E&#148;</U> hereto, all action necessary or desirable to protect
 and </FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>13</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT  SIZE=2>perfect the security
 interest in, to and on each Grantor&#146;s U.S. Patents, Trademarks, Copyrights or
 Industrial Designs has been taken and such perfected security interest is
 enforceable as such as against any and all creditors of and purchasers from
 any Grantor. No Grantor has any interest in any U.S. Copyright that is
 necessary in connection with the operation of such Grantor&#146;s business, except
 for those Copyrights identified in <U>Exhibit &#147;B&#148;</U> attached hereto which have been registered with the
 United States Copyright Office.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11.&nbsp;&nbsp;&nbsp;<U>Commercial Tort
Claims</U>. If, after the date hereof,
any Grantor identifies the existence of a Commercial Tort Claim belonging to
such Grantor that has arisen in the course of such Grantor&#146;s business in
addition to the Commercial Tort Claims described in <U>Exhibit &#147;F&#148;</U>, which are all of such Grantor&#146;s Commercial
Tort Claims
as of the date hereof, then such Grantor shall give the Collateral
Agent prompt notice thereof, but in any event not less
frequently than quarterly. Each Grantor agrees promptly upon request by the Collateral
Agent to execute and deliver to the Collateral
Agent any supplement to this Security Agreement or any
other document reasonably requested by the Collateral Agent to evidence the grant of a security interest therein in
favor of the Collateral Agent.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12.&nbsp;&nbsp;&nbsp;<U>Updating of
Exhibits
to Security Agreement</U>. The
Company will provide to the Collateral Agent, concurrently with the delivery of
the certificate of a Financial Officer of the Company as required by Section
5.01(c) of the Credit Agreement or the comparable provisions of the Note
Agreement, updated versions of the Exhibits to this Security Agreement,
provided that if there have been no material changes with respect to the
information set forth on any such Exhibits since the previous updating thereof
required hereby, the Company shall indicate that there has been &#147;no material
change&#148; to the applicable Exhibit(s).</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE V</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>DEFAULT</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.&nbsp;&nbsp;&nbsp;&nbsp;The
occurrence of any one or more of the following events shall constitute a
Default:</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.1
 The breach by any Grantor of any of the terms or provisions of <U>Article IV</U>
 or <U>Article VII</U>.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.2
 The breach by any Grantor (other than a breach which constitutes a Default
 under <U>Section 5.1.1</U> or <U>5.1.2</U> hereof) of any of the terms or
 provisions of this Security Agreement which is not remedied within ten (10)
 days after the giving of written notice to such Grantor by the Collateral
 Agent.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.3
 Any material portion of the Collateral shall be lost, stolen, damaged or
 destroyed.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.4
 The occurrence of any &#147;Event of Default&#148; under, and as defined in, the Credit
 Agreement and, upon the effectiveness of the Intercreditor Agreement, the
 occurrence of a &#147;Default&#148; under, and as defined in, the Intercreditor
 Agreement.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.&nbsp;&nbsp;&nbsp;<U>Acceleration and
Remedies</U>. Upon the occurrence and continuance of a Default,
the Collateral Agent may, in accordance with the terms of the Senior Creditor
Documents, exercise any or all of the following rights and remedies:</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1
 Those rights and remedies provided in this Security Agreement, the Credit
 Agreement, or any other Senior Creditor Document, <U>provided</U>
 that this <U>Section 5.2.1</U> shall not be understood to limit any rights or
 remedies available to the Collateral Agent and the Secured Parties prior to a
 Default.</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>14</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2
 Those rights and remedies available to a secured party under the UCC (whether
 or not the UCC applies to the affected Collateral) or under any other
 applicable law (including, without limitation, any law governing the exercise
 of a bank&#146;s right of setoff or bankers&#146; lien) when a debtor is in default
 under a security agreement.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3
 Without notice except as specifically provided in <U>Section 8.1</U> hereof
 or elsewhere herein, sell, lease, assign, grant an option or options to
 purchase or otherwise dispose of the Collateral or any part thereof in one or
 more parcels at public or private sale, for cash, on credit or for future
 delivery, and upon such other terms as the Collateral Agent may deem
 commercially reasonable.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>The Collateral Agent, on
behalf of the Secured Parties, may comply with any applicable state or federal
law requirements in connection with a disposition of the Collateral, and such
compliance will not be considered to adversely affect the commercial
reasonableness of any sale of the Collateral.</FONT></P>

<P align=justify><FONT SIZE=2>If, after the Credit
Agreement, the Note Agreement and the other documents evidencing the
Obligations have terminated by their terms and all of the Secured Obligations
have been paid in full, there remain outstanding Swap Obligations or Banking
Services Obligations, the Required Lenders may exercise the remedies provided
in this <U>Section 5.2</U> upon the occurrence of any event which would allow
or require the termination or acceleration of any Swap Obligations by a party
thereto other than a Grantor or Banking Services Obligations, provided that no
such remedies may be exercised following termination of this Security Agreement
as provided in <U>Section 8.12</U>.</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Grantors&#146;
Obligations Upon Default</U>. Upon the request of the Collateral
Agent after the occurrence and during the continuance of a Default, each
Grantor will:</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.1
 <U>Assembly
 of Collateral</U>. Assemble and make available to the
 Collateral Agent the Collateral and all records relating thereto at any place
 or places specified by the Collateral Agent.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3.2
 <U>Secured
 Party Access</U>. Permit the Collateral Agent, by the
 Collateral Agent&#146;s representatives and agents, to enter any premises where
 all or any part of the Collateral, or the books and records relating thereto,
 or both, are located, to take possession of all or any part of the Collateral
 and to remove all or any part of the Collateral.</FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.&nbsp;&nbsp;&nbsp;&nbsp;<U>License</U>.
The Collateral Agent is hereby granted a non-exclusive license or other
non-exclusive right to use, following the occurrence and during the continuance
of a Default, without charge, each Grantor&#146;s labels, patents, copyrights,
rights of use of any name, trade secrets, trade names, trademarks, service
marks, customer lists and advertising matter, or any property of a similar
nature, as it pertains to the Collateral, in completing production of,
advertising for sale, and selling any Collateral, and, following the occurrence
and during the continuance of a Default, such Grantor&#146;s rights under all
licenses and all franchise agreements shall inure to the Collateral Agent&#146;s
benefit. In addition, each Grantor hereby irrevocably agrees that the
Collateral Agent may, following the occurrence and during the continuance of a
Default, sell any of such Grantor&#146;s Inventory directly to any person, including
without limitation persons who have previously purchased such Grantor&#146;s
Inventory from such Grantor and in connection with any such sale or other
enforcement of the Collateral Agent&#146;s rights under this Security Agreement, may
sell Inventory which bears any trademark owned by or licensed to such Grantor
and any Inventory that is covered by any copyright owned by or licensed to such
Grantor and the Collateral Agent may finish any work in process and affix any
trademark owned by or licensed to such Grantor and sell such Inventory as
provided herein.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>15</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P ALIGN=CENTER><FONT SIZE=2>ARTICLE VI</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>WAIVERS,
AMENDMENTS AND REMEDIES</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
delay or omission of the Collateral Agent or any Secured Party to exercise any
right or remedy granted under this Security Agreement shall impair such right
or remedy or be construed to be a waiver of any Default or an acquiescence
therein, and any single or partial exercise of any such right or remedy shall
not preclude any other or further exercise thereof or the exercise of any other
right or remedy. No waiver, amendment or other variation of the terms,
conditions or provisions of this Security Agreement whatsoever shall be valid
unless in writing signed by the Collateral Agent and each Grantor, and then
only to the extent in such writing specifically set forth, provided that the
addition of any Subsidiary as a Grantor hereunder by execution of a Security
Agreement Supplement in the form of <U>Annex I</U> (with such modifications as
shall be acceptable to the Collateral Agent) shall not require receipt of any
consent from or execution of any documentation by any other Grantor party
hereto. All rights and remedies contained in this Security Agreement or by law
afforded shall be cumulative and all shall be available to the Collateral Agent
and the Secured Parties until the Secured Obligations have been paid in full.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE VII</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>PROCEEDS;
COLLECTION OF RECEIVABLES</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Lockboxes</U>.
Upon request of the Collateral Agent after the occurrence and during the
continuance of a Default, each Grantor shall execute and deliver to the
Collateral Agent irrevocable lockbox agreements in the form provided by or
otherwise acceptable to the Collateral Agent, which agreements shall be
accompanied by an acknowledgment by the bank where the lockbox is located of
the Lien of the Collateral Agent granted hereunder and of irrevocable
instructions to wire all amounts collected therein to a special collateral
account at the Collateral Agent.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Collection of
Receivables</U>. The Collateral Agent may at any time after the
occurrence and during the continuance of a Default, by giving each Grantor
written notice, elect to require that the Receivables be paid directly to the
Collateral Agent for the benefit of the Secured Parties. In such event, each
Grantor shall, and shall permit the Collateral Agent to, promptly notify the
account debtors or obligors under the Receivables owned by such Grantor of the
Collateral Agent&#146;s interest therein and direct such account debtors or obligors
to make payment of all amounts then or thereafter due under such Receivables
directly to the Collateral Agent. Upon receipt of any such notice from the Collateral
Agent, each Grantor shall thereafter hold in trust for the Collateral Agent, on
behalf of the Secured Parties, all amounts and proceeds received by it with
respect to the Receivables and Other Collateral and immediately and at all
times thereafter deliver to the Collateral Agent all such amounts and proceeds
in the same form as so received, whether by cash, check, draft or otherwise,
with any necessary endorsements. The Collateral Agent shall hold and apply
funds so received as provided by the terms of <U>Sections 7.3</U> and <U>7.4</U>
hereof.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Collateral
Account</U>. After the occurrence and during the continuance of a
Default, the Collateral Agent may require all cash proceeds of the Collateral
to be deposited in a special non-interest bearing cash collateral account with
the Collateral Agent and held there as security for the Secured Obligations. No
Grantor shall have any control whatsoever over said cash collateral account. If
no Default has occurred and is continuing, the Collateral Agent shall from time
to time deposit the collected balances in said cash collateral account into the
applicable Grantor&#146;s general operating account with the Collateral Agent. If
any Default has occurred and is continuing, the Collateral Agent may, in
accordance with the provisions in the Intercreditor Agreement (to the extent
the Intercreditor Agreement </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>16</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>is in effect), from time
to time, apply the collected balances in said cash collateral account to the
payment of the Secured Obligations whether or not the Secured Obligations shall
then be due.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Application
of
Proceeds</U>. The proceeds of the Collateral received by the
Collateral Agent hereunder shall be applied by the Collateral Agent to payment
of the Secured Obligations as provided under Section 2.18 of the Credit
Agreement but subject to the terms of the Intercreditor Agreement.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE VIII</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>GENERAL PROVISIONS</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice of
Disposition of Collateral; Condition of Collateral</U>. To the
extent permitted under applicable law, each Grantor hereby waives notice of the
time and place of any public sale or the time after which any private sale or
other disposition of all or any part of the Collateral may be made. To the
extent such notice may not be waived under applicable law, any notice made
shall be deemed reasonable if sent to the Company, addressed as set forth in <U>Article
IX</U>, at least ten (10) days prior to (i) the date of any such public sale or
(ii) the time after which any such private sale or other disposition may be
made. The Collateral Agent shall have no obligation to clean-up or otherwise
prepare the Collateral for sale.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Compromises
and
Collection of Collateral</U>. Each Grantor and the Collateral
Agent recognize that setoffs, counterclaims, defenses and other claims may be
asserted by obligors with respect to certain of the Receivables, that certain
of the Receivables may be or become uncollectible in whole or in part and that
the expense and probability of success in litigating a disputed Receivable may
exceed the amount that reasonably may be expected to be recovered with respect
to a Receivable. In view of the foregoing, each Grantor agrees that the
Collateral Agent may at any time and from time to time, if a Default has
occurred and is continuing, compromise with the obligor on any Receivable,
accept in full payment of any Receivable such amount as the Collateral Agent in
its sole discretion shall determine or abandon any Receivable, and any such
action by the Collateral Agent shall be commercially reasonable so long as the
Collateral Agent acts in good faith based on information known to it at the
time it takes any such action.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Secured Party
Performance of Grantor&#146;s Obligations</U>. Without having any
obligation to do so, after the occurrence and during the continuance of a
Default, the Collateral Agent may perform or pay any obligation which any
Grantor has agreed to perform or pay in this Security Agreement and such
Grantor shall reimburse the Collateral Agent for any reasonable amounts paid by
the Collateral Agent pursuant to this <U>Section 8.3</U>. Each Grantor&#146;s
obligation to reimburse the Collateral Agent pursuant to the preceding sentence
shall be a Secured Obligation payable on demand.</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization for
Secured Party to Take Certain Action</U>. Each Grantor
irrevocably, until this Security Agreement is terminated as provided in <U>Section
8.12</U>, authorizes the Collateral Agent at any time and from time to time in
the sole discretion of the Collateral Agent and appoints the Collateral Agent
as its attorney in fact (i) to execute on behalf of such Grantor as debtor and
to file financing statements necessary or desirable in the Collateral Agent&#146;s
sole discretion to perfect and to maintain the perfection and priority of the
Collateral Agent&#146;s security interest in the Collateral, (ii) to indorse and
collect any cash proceeds of the Collateral, (iii) to file a carbon,
photographic or other reproduction of this Security Agreement or any financing
statement with respect to the Collateral as a financing statement and to file
any other financing statement or amendment of a financing statement (which does
not add new collateral or add a debtor) in such offices as the Collateral Agent
in its sole discretion reasonably deems necessary or desirable to perfect and
to maintain the perfection and priority of the Collateral Agent&#146;s security
interest in the Collateral, (iv) to contact and enter into one or more
agreements with the issuers of </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>17</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>uncertificated securities
which are Collateral owned by such Grantor and which are Securities or with
financial intermediaries holding other Investment Property as may be necessary
or advisable to give the Collateral Agent Control over such Securities or other
Investment Property, (v) subject to the terms of <U>Section 4.1.5</U> hereof,
to enforce payment of the Instruments, Accounts and Receivables in the name of
the Collateral Agent or such Grantor, (vi) to apply the proceeds of any
Collateral received by the Collateral Agent to the Secured Obligations as
provided in <U>Article VII</U> and (vii) to discharge past due taxes,
assessments, charges, fees or Liens on the Collateral (except for such Liens as
are specifically permitted hereunder or under any other Senior Creditor
Document), and each Grantor agrees to reimburse the Collateral Agent on demand
for any reasonable payment made or any reasonable expense incurred by the
Collateral Agent in connection therewith, provided that this authorization
shall not relieve any Grantor of any of its obligations under this Security
Agreement or under the Credit Agreement or the Note Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Specific
Performance
of Certain Covenants</U>. Each Grantor acknowledges and agrees
that a breach of any of the covenants contained in <U>Sections 4.1.5</U>, <U>4.1.6</U>,
<U>4.4</U>, <U>5.3</U>, or <U>8.7</U> or in <U>Article VII</U> hereof will
cause irreparable injury to the Collateral Agent and the Secured Parties, that
the Collateral Agent and Secured Parties have no adequate remedy at law in
respect of such breaches and therefore agrees, without limiting the right of
the Collateral Agent or the Secured Parties to seek and obtain specific
performance of other obligations of the Grantors contained in this Security
Agreement, that the covenants of the Grantors contained in the Sections
referred to in this <U>Section 8.5</U> shall be specifically enforceable
against the Grantors.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Use and
Possession
of Certain Premises</U>. Upon the occurrence and during the
continuance of a Default, the Collateral Agent shall be entitled to occupy and
use any premises owned or leased by the Grantors where any of the Collateral or
any records relating to the Collateral are located until the Secured
Obligations are paid or the Collateral is removed therefrom, whichever first
occurs, without any obligation to pay any Grantor for such use and occupancy.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Dispositions
Not
Authorized</U>. No Grantor is authorized to sell or otherwise
dispose of the Collateral except as set forth in <U>Section 4.1.5</U> hereof
and notwithstanding any course of dealing between any Grantor and the
Collateral Agent or other conduct of the Collateral Agent, no authorization to
sell or otherwise dispose of the Collateral (except as set forth in <U>Section
4.1.5</U> hereof) shall be binding upon the Collateral Agent or the Secured
Parties unless such authorization is in writing signed by the Collateral Agent
with the consent or at the direction of the Required Lenders (to the extent the
Intercreditor Agreement is not in effect) or the Requisite Secured Parties
(upon the effectiveness of the Intercreditor Agreement).</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefit of
Agreement</U>.
The terms and provisions of this Security Agreement shall be binding upon and
inure to the benefit of the Grantors, the Collateral Agent and the Secured
Parties and their respective successors and assigns (including all persons who
become bound as a debtor to this Security Agreement), except that the Grantors
shall not have the right to assign their rights or delegate their obligations
under this Security Agreement or any interest herein, without the prior written
consent of the Collateral Agent.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival of
Representations</U>. All representations and warranties of the
Grantors contained in this Security Agreement shall survive the execution and
delivery of this Security Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.&nbsp;&nbsp;<U>Taxes and
Expenses</U>.
Any taxes (including income taxes) payable or ruled payable by a Federal or
State authority in respect of this Security Agreement shall be paid by the
Grantors, together with interest and penalties, if any. The Grantors shall
reimburse the Collateral Agent for any and all reasonable out-of-pocket
expenses and internal charges (including reasonable attorneys&#146;, auditors&#146; and </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>18</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>accountants&#146; fees and
reasonable time charges of attorneys, paralegals, auditors and accountants who
may be employees of the Collateral Agent) paid or incurred by the Collateral
Agent in connection with the preparation, execution, delivery, administration,
collection and enforcement of this Security Agreement and in the audit,
analysis, administration, collection, preservation or sale of the Collateral
(including the expenses and charges associated with any periodic or special
audit of the Collateral). Any and all costs and expenses incurred by the
Grantors in the performance of actions required pursuant to the terms hereof
shall be borne solely by the Grantors.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11.&nbsp;&nbsp;&nbsp;<U>Headings</U>.
The title of and section headings in this Security Agreement are for
convenience of reference only, and shall not govern the interpretation of any
of the terms and provisions of this Security Agreement.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.12.&nbsp;&nbsp;&nbsp;<U>Termination</U>.
This Security Agreement shall continue in effect (notwithstanding the fact that
from time to time there may be no Secured Obligations outstanding) until (i)
any and all commitments to extend credit under the Senior Creditor Documents
have terminated and (ii) all of the Secured Obligations (other than (x)
contingent indemnity obligations and (y) Banking Services Obligations and Swap
Obligations, in each case only to the extent the same are not yet due and
payable) have been indefeasibly paid in cash and performed in full and no commitments
of the Administrative Agent or the Secured Parties which would give rise to any
Secured Obligations, other than Banking Services Obligations and Swap
Obligations, are outstanding.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13.&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>.
This Security Agreement embodies the entire agreement and understanding between
the Grantors and the Collateral Agent relating to the Collateral and supersedes
all prior agreements and understandings among the Grantors and the Collateral
Agent relating to the Collateral.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.&nbsp;&nbsp;&nbsp;<U>Governing
Law; Jurisdiction; Waiver of Jury Trial</U>.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.1
 <B>THIS SECURITY AGREEMENT SHALL BE CONSTRUED
 IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.2
 Each Grantor hereby irrevocably and unconditionally submits, for itself and
 its property, to the nonexclusive jurisdiction of the Supreme Court of the
 State of New York sitting in New York County and of the United States
 District Court of the Southern District of New York, and any appellate court
 from any thereof, in any action or proceeding arising out of or relating to
 this Security Agreement or any other Senior Creditor Document, or for
 recognition or enforcement of any judgment, and each Grantor hereby
 irrevocably and unconditionally agrees that all claims in respect of any such
 action or proceeding may be heard and determined in such New York State or,
 to the extent permitted by law, in such Federal court. Each Grantor agrees
 that a final judgment in any such action or proceeding shall be conclusive
 and may be enforced in other jurisdictions by suit on the judgment or in any
 other manner provided by law. Nothing in this Security Agreement or any other
 Senior Creditor Document shall affect any right that the Collateral Agent may
 otherwise have to bring any action or proceeding relating to this Security
 Agreement or any other Senior Creditor Document against any Grantor or its
 properties in the courts of any jurisdiction.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.3
 Each Grantor hereby irrevocably and unconditionally waives, to the fullest
 extent it may legally and effectively do so, any objection which it may now
 or hereafter have to the laying of venue of any suit, action or proceeding
 arising out of or relating to this Security Agreement or any other Senior
 Creditor Document in any court referred to in <U>Section 8.14.2</U>. </FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>19</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P align=justify>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>Each Grantor hereby
 irrevocably waives, to the fullest extent permitted by law, the defense of an
 inconvenient forum to the maintenance of such action or proceeding in any
 such court.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.4
 Each party to this Security Agreement irrevocably consents to service of
 process in the manner provided for notices in Article IX of this Security
 Agreement, and each of the Grantors hereby appoints the Company as its agent
 for service of process. Nothing in this Security Agreement or any other
 Senior Creditor Document will affect the right of any party to this Security
 Agreement to serve process in any other manner permitted by law.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14.5 <B><U>WAIVER OF
 JURY TRIAL</U>. EACH GRANTOR HEREBY WAIVES, TO THE FULLEST EXTENT
 PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
 PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SECURITY
 AGREEMENT OR ANY OTHER SENIOR CREDITOR DOCUMENT (WHETHER BASED ON CONTRACT,
 TORT OR ANY OTHER THEORY). EACH GRANTOR CERTIFIES THAT NO REPRESENTATIVE,
 AGENT OR ATTORNEY OF ANY OTHER GRANTOR HAS REPRESENTED, EXPRESSLY OR
 OTHERWISE, THAT SUCH OTHER GRANTOR WOULD NOT, IN THE EVENT OF LITIGATION,
 SEEK TO ENFORCE THE FOREGOING WAIVER.</B></FONT></P>
</TD>
</TR>
</TABLE>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.15.&nbsp;&nbsp;&nbsp;<U>Indemnity</U>.
Each Grantor hereby agrees, jointly with the other Grantors and severally, to
indemnify the Collateral Agent and the Secured Parties, and their respective
successors, assigns, agents and employees (each, an &#147;Indemnitee&#148;), from and
against any and all liabilities, damages, penalties, suits, costs, and expenses
of any kind and nature (including, without limitation, all expenses of
litigation or preparation therefor whether or not the Collateral Agent or any
Secured Party is a party thereto) imposed on, incurred by or asserted against
the Collateral Agent or the Secured Parties, or their respective successors,
assigns, agents and employees, in any way relating to or arising out of this
Security Agreement or any other Senior Creditor Document, or the manufacture,
purchase, acceptance, rejection, ownership, delivery, lease, possession, use, operation,
condition, sale, return or other disposition of any Collateral (including,
without limitation, latent and other defects, whether or not discoverable by
the Collateral Agent or the Secured Parties or any Grantor, and any claim for
patent, trademark or copyright infringement), provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Indemnitee or from the
breach by such Indemnitee of its material obligations under the Senior Creditor
Documents.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.16.&nbsp;&nbsp;&nbsp;<U>Subordination
of Intercompany Indebtedness</U>. Each Grantor agrees that any and all claims
of such Grantor against any other Grantor (each an &#147;<U>Obligor</U>&#148;) with
respect to any &#147;Intercompany Indebtedness&#148; (as hereinafter defined), any
endorser, obligor or any other guarantor of all or any part of the Secured
Obligations, or against any of its properties shall be subordinate and subject
in right of payment to the prior payment, in full and in cash, of all Secured
Obligations, provided that, and not in contravention of the foregoing, so long
as no Default has occurred and is continuing, such Grantor may make loans to
and receive payments in the ordinary course of business with respect to such
Intercompany Indebtedness from each such Obligor to the extent not prohibited
by the terms of this Security Agreement and the other Senior Creditor
Documents. Notwithstanding any right of any Grantor to ask, demand, sue for,
take or receive any payment from any Obligor, all rights, liens and security
interests of such Grantor, whether now or hereafter arising and howsoever
existing, in any assets of any other Obligor shall be and are subordinated to
the rights of the Secured Parties and the Collateral Agent in those assets. No
Grantor shall have any right to possession of any such asset or to foreclose
upon any such asset, whether by judicial action or otherwise, unless and until
this Security Agreement has terminated in accordance with</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>20</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2><U>Section 8.12</U>
hereof. After the occurrence and during the continuance of a Default, if all or
any part of the assets of any Obligor, or the proceeds thereof, are subject to
any distribution, division or application to the creditors of such Obligor,
whether partial or complete, voluntary or involuntary, and whether by reason of
liquidation, bankruptcy, arrangement, receivership, assignment for the benefit
of creditors or any other action or proceeding, or if the business of any such
Obligor is dissolved or if substantially all of the assets of any such Obligor
are sold, then, and in any such event (such events being herein referred to as
an &#147;<U>Insolvency Event</U>&#148;), any payment or distribution of any kind or
character, either in cash, securities or other property, which shall be payable
or deliverable upon or with respect to any indebtedness of any Obligor to any
Grantor (&#147;<U>Intercompany Indebtedness</U>&#148;) shall be paid or delivered
directly to the Collateral Agent for application on any of the Secured
Obligations, due or to become due, until such Secured Obligations (other than
contingent indemnity obligations) shall have first been fully paid and satisfied
(in cash). Should any payment, distribution, security or instrument or proceeds
thereof be received by the applicable Grantor upon or with respect to the
Intercompany Indebtedness after any Insolvency Event and prior to the
termination of this Security Agreement in accordance with <U>Section 8.12</U>
hereof, such Grantor shall receive and hold the same in trust, as trustee, for
the benefit of the Secured Parties and shall forthwith deliver the same to the
Collateral Agent, for the benefit of the Secured Parties, in precisely the form
received (except for the endorsement or assignment of the Grantor where
necessary), for application to any of the Secured Obligations, due or not due,
and, until so delivered, the same shall be held in trust by the Grantor as the
property of the Secured Parties. If any such Grantor fails to make any such
endorsement or assignment to the Collateral Agent, the Collateral Agent or any
of its officers or employees is irrevocably authorized to make the same. Each
Grantor agrees that until the termination of this Security Agreement in
accordance with <U>Section 8.12</U> hereof, no Grantor will assign or transfer
to any Person (other than the Collateral Agent or the Company or another
Grantor) any claim any such Grantor has or may have against any Obligor. </FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.17.&nbsp;&nbsp;&nbsp;<U>
Severability</U>. Any provision in this Security Agreement that is held to be
inoperative, unenforceable, or invalid in any jurisdiction shall, as to that
jurisdiction, be inoperative, unenforceable, or invalid without affecting the
remaining provisions in that jurisdiction or the operation, enforceability, or
validity of that provision in any other jurisdiction, and to this end the
provisions of this Security Agreement are declared to be severable.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.18.&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Security Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single
contract. Delivery of an executed counterpart of a signature page of this
Security Agreement by telecopy shall be effective as delivery of a manually
executed counterpart of this Security Agreement.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ARTICLE IX</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>NOTICES</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Sending
Notices</U>.
Any notice required or permitted to be given under this Security Agreement shall
be sent (and deemed received) in the manner and to the addresses set forth in
Section 9.01 of the Credit Agreement. Any notice delivered to the Company shall
be deemed to have been delivered to all of the Grantors.</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Change in
Address
for Notices</U>. Each of the Grantors, the Collateral Agent and
the Lenders may change the address for service of notice upon it by a notice in
writing to the other parties.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>21</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P ALIGN=CENTER><FONT SIZE=2>ARTICLE X</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>THE COLLATERAL
AGENT</FONT></P>

<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan
Chase Bank, N.A. has been appointed Collateral Agent for the Secured Parties
hereunder pursuant to Article VIII of the Credit Agreement and the terms of the
Intercreditor Agreement. It is expressly understood and agreed by the parties
to this Security Agreement that any authority conferred upon the Collateral Agent
hereunder is subject to the terms of the delegation of authority made by the
Secured Parties to the Collateral Agent pursuant to the Credit Agreement and
the Intercreditor Agreement, and that the Collateral Agent has agreed to act
(and any successor Collateral Agent shall act) as such hereunder only on the
express conditions contained in such <U>Article VIII</U>. Any successor
Collateral Agent appointed pursuant to Article VIII of the Credit Agreement and
the Intercreditor Agreement shall be entitled to all the rights, interests and
benefits of the Collateral Agent hereunder.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>[Signature Pages
Follow]</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>22</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<P align=justify><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, each of the Grantors and the Collateral Agent have executed
this Security Agreement as of the date first above written.</FONT></P>

<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="50%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="47%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>TENNANT COMPANY, as a Grantor</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP NOWRAP>
<P><FONT SIZE=2>By:&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Name:</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Title:</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>TENNANT SALES AND SERVICE COMPANY, as a Grantor</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>By:</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Name:</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Title:</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>TENNANT HOLDINGS LLC, as a Grantor</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>By:</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Name:</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Title:</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>Signature Page to
Pledge and Security Agreement</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>


<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="40%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="52%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=TOP>
<P><FONT SIZE=2>JPMORGAN CHASE BANK, N.A., as Collateral Agent</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP NOWRAP>
<P><FONT SIZE=2>By:&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Name:</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>Title:</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>Signature Page to
Pledge and Security Agreement</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
<PAGE>
<BR>



<P ALIGN=CENTER><FONT SIZE=2><U>ANNEX I</U></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>to</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>PLEDGE AND</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>SECURITY AGREEMENT</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is hereby made to the Pledge and Security Agreement (as amended, restated,
supplemented or otherwise modified from time to time, the &#147;<U>Agreement</U>&#148;),
dated as of March [__] 2009, made by each of TENNANT COMPANY, a Minnesota
corporation (the &#147;<U>Company</U>&#148;), the Subsidiaries of the Company listed on
the signature pages thereto (together with the Company, the &#147;<U>Initial
Grantors</U>&#148;, and together with any additional Subsidiaries, including the
undersigned, which become parties thereto by executing a Supplement in
substantially the form hereof, the &#147;<U>Grantors</U>&#148;), in favor of the
Collateral Agent. Capitalized terms used herein and not defined herein shall
have the meanings given to them in the Agreement. By its execution below, the
undersigned, [NAME OF NEW GRANTOR], a [__________] [corporation/limited
liability company/limited partnership] (the &#147;<U>New Grantor</U>&#148;) agrees to
become, and does hereby become, a Grantor under the Agreement and agrees to be
bound by the Agreement as if originally a party thereto. By its execution
below, the undersigned represents and warrants as to itself that all of the
representations and warranties contained in the Agreement are true and correct
in all respects as of the date hereof. New Grantor represents and warrants that
the supplements to the Exhibits to the Agreement attached hereto are true and
correct in all respects as to the New Grantor and such supplements set forth
all information required to be scheduled under the Agreement with respect to the
New Grantor. New Grantor shall take all steps necessary and required under the
Agreement to perfect, in favor of the Collateral Agent, a first-priority
security interest in and lien against New Grantor&#146;s Collateral.</FONT></P>

<P align=justify><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, the New Grantor has executed and delivered this <U>Annex I</U>
counterpart to the Agreement as of this ___________ day of ____________, 20___.</FONT></P>

<TABLE  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" STYLE="MARGIN-LEFT:10%">
<TR style="font-size:1px">
<TD WIDTH="50%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="47%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P><FONT SIZE=2>[NAME OF NEW GRANTOR]</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP  NOWRAP>
<P><FONT SIZE=2>By:&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
</TR>
</TABLE>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" STYLE="MARGIN-LEFT:10%">
<TR style="font-size:1px">
<TD WIDTH="51%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="47%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP NOWRAP>
<P><FONT SIZE=2>Title:&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP style="border-bottom:solid black 1px">
<P><FONT SIZE=1>&nbsp;</FONT>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>

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